What types of jobs can I pursue with a background in economics?
Hi, I'm a 16-year-old high school student determined to get an education in the areas of economics and business. I have a huge interest in these subjects but I'm not sure what types of jobs I would be pursuing as an economist in the future. #career #economics #business #highschool #highschoolstudent #student #linkedin
HERE ARE TEN CAREERS YOU CAN PURSUE WITH AN ECONOMICS DEGREE
Environmental economists collect research, analyse historical data and use statistical software and complex modelling programs to evaluate the economic impact of environmental changes.
PERSONAL FINACIAL ADVISER
Personal financial advisers assist individual clients with budgeting, taxes, mortgages, insurance, investments and retirement goals. This is also a great job for those who want to combine their people skills with their recently acquired knowledge in business, banking and finance.
The beauty of a career as an accountant is the variety of jobs available, as every kind of company. Depending on personal preference, you can choose anything from a straightforward role in a private tax practice to a high-pressure job for a large corporation, dealing with complex budgets and international finance laws.
MARKET RESEARCH ANALYST
Rapidly-evolving technology has made a career in marketing more exciting and challenging than ever, and your economics degree can help you land a job as a market research analyst. This is another career that has good job growth, as companies are increasingly looking for solid data to influence their business decisions.
If you love the thought of using all your recently acquired knowledge to inform and educate others, consider a career as a business journalist. Your economics degree allows you to classify yourself as a freelancer, columnist or TV correspondent.
A job as an actuary is all about assessing risk, assigning a financial cost to potential events and helping organisations plan for and hopefully mitigate negative outcomes. While this is a role that is vital to the insurance and healthcare industries, you can also find careers in government, the stock market and banking.
The basic role of a financial analyst is to offer clients advice on their investments. You'll need to research historical financial data, keep up with constantly shifting economic and business trends, and visit companies in person to fully assess their prospects.
If you're looking for a job with constant excitement that requires quick thinking, diligent monitoring of financial markets and a lot of responsibility, a stockbroker gig may be for you. You'll seek out clients and manage their investments. You'll also buy and sell stocks, bonds and commodities
After earning a BA in economics, taking on the role of economist may seem like the first step in your new career college professor. If you want a career in research and teaching, however, you'll need to attain your master's degree or a PhD.
FOREIGN SERVICE ECONOMIC OFFICER
While you may have learned a lot about other countries while earning your economics degree, this diplomatic position allows you to gather more knowledge first-hand. Economic officers may represent the US at a foreign post or be stationed at home with frequent travel abroad as an official negotiator.
I look forward to your next question Danieth, John
There's a lot you can do with an economics degree, but there are two primary divisions: academia and professional.
Staying in the world of academia, that would generally require an advanced degree, like a master's or PhD. and you would then participate in and generate new research studies to drive the field of economics; understanding how different events and thing impact the economy either globally or locally, market predictions and models if you're interested in econometrics, and also advanced teaching, like a professor.
In the professional world, you can do some of the same work and a lot of similar research-based work would still require an advanced degree. Economics can specifically be useful in roles involving forecasting and modeling, like valuation, investing, or consulting. Other areas of work could really be anything analytical; an economics degree really sets you up with analytical skills that can apply to a lot of different business positions. I have a degree in economics and I am an organizational coach. I work in the finance industry, so my economics knowledge helps me understand the work the people I coach do and better work with them to develop solutions in their work, but I'm not the one doing the economics-related work.
There are a lot of options out there for you, so if you're really interested, you'll find plenty out there, just keep an open mind!
It is great that you have an interest in economics as it is one of those areas of study that can make you versatile in terms of career choices. You could for example, pursue careers in banking, think-tanks, government agencies or even multinational corporations. You could also pursue an advanced degree to become a professor. I do think that there is a lot of future opportunities ahead of you. Good luck.
I have an economics degree and ended up in the technology field--I started out of college as a business analyst. The economics degree gave me a practical background in analytical thinking and problem solving, which was a great basis for a business analyst role in a consulting company. I went on to become a software engineer for a period of time, and then into management - but those critical thinking skills I gained still serve me well today.
Thanks for the question!
An economics degree opens the door to many career opportunities - including in both the public and private sectors. For instance, you could work as an economic analyst for the state/federal government, helping to provide insights to policymakers and regulators. Likewise, you could pursue private sector opportunities across a variety of industries - including consulting, corporate strategy, or investment management, among other roles.
Good luck with your future career!
There are several career opportunities with an Economics and Business degree. Here is a list of a few:
•Financial risk analyst
•Accountant or Banker
•Public sector roles
I would recommend researching any of these roles and speak with an University counselor to guide you for any opportunities to gain experience in volunteering or interning.
Wishing you all the best!
My experience was that it didn't lock you into any particular economic field, but the underlying concepts and skills you learn are applicable in a variety of areas tied to any business (business strategy, financial accounting, credit risk management, investment banking, economist, strategy consulting, etc.). My view is that it's generally a myth that you're major in college locks you into a career (it may make it easier to get a start in a certain field, but by no means would mean that you're stuck in a certain field for life).
Economics opens up an extremely broad array of careers. Naturally economists, also corporate strategy, marketing, data science (from a rigorous and quantitative program anyway), finance and consulting of course.
Once you narrow down your interests, you can tune them with niche skills! For grad school/data science, programming! For finance/consulting, news/strategy books!