What Can you do with an Economics Degree: 23 Jobs to Consider : Current School News

What Can you do with an Economics Degree: 23 Jobs to Consider

Filed in careers by on January 5, 2022

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– What can you do with an Economics Degree –

If you are a graduate of economics or you are thinking of studying economics, What can you do with an economics degree? You might be wondering. In this article, you’ll be glad to understand that an entire range of options awaits you.

What Can you do with an Economics Degree

A degree in economics will provide many opportunities to figure in nearly any industry. There are many careers available to individuals with an economics degree that allow you to specialise in tasks and projects that are interesting and fun for you.

What can you do with an Economics Degree?

Economics majors learn to collect, organize, and interpret data, using mathematical formulas and statistics to form calculations.

They also create models to predict the impact of investments, policy decisions, industry trends, demographics, global climate change, and far more. Listed below are the lists of opportunities for people with a degree in Economics.

1. Statistician

Statisticians can add nearly any industry, using statistical calculations to answer questions for both public and personal organizations. Statisticians can work on projects like risk management, increasing efficiency in business and more.

2. Market Research Analyst

Market research analysts tap the knowledge of industry trends to assess how products or services might fare under various economic conditions.

Like economics majors, they’re trained to style studies and to collect and analyze data. they need to be ready to quantify results and present this information to clients.

These analysts apply many of the talents that economics majors develop, like the utilization of presentation software and a graphical representation, also as writing and statistical skills. they need to think critically about products and services and be adept at solving problems.

3. Credit Analyst

Credit analysts conduct microeconomic analyses of prospective clients to assess the risks involved in loaning funds to those people or businesses.

They take into consideration economic trends and factors impacting the region, industries, and competitors of prospective clients.

Credit analysts prepare reports summarizing their findings and suggest interest rates that are appropriate to clients’ risk profiles.

4. Financial Risk Analyst

Financial risk analysts handle the method of risk management within an organisation. They evaluate and predict events that may negatively impact the financial stability of the organisation.

A financial risk analyst can manage business decisions in four major risk categories: credit risk, regulatory risk, operational risk, and market risk.

5. Personal Finance Advisor

Personal financial advisors work with people to assist them to achieve certain short and long-term financial goals. They assess individuals’ financial standing and help them make personal decisions on items like savings, loans, stocks, insurance and other investments.

Financial advisors might work directly with their own clients or they could be used by organizations like banks or investment firms.

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6. Supply Chain Analyst

Supply chain analysts evaluate the processes that occur through the operations of a supply chain to show inefficiencies and determine areas for improvement. they’re ultimately liable for increasing output at rock bottom rates.

7. Economic Consultant

Economic consultants study financial and statistical data during a certain area of specialisation, like finance, labour, agriculture, etc. They also complete various studies regarding economic phenomena and possible scenarios.

Apart from conducting thorough research using mathematical and statistical methods, economic consultants make recommendations, policies, or strategies to unravel economic problems or to interpret markets.

8. Management Consultant

Management consultants analyze business problems and research possible solutions to present to clients. New college graduates often start call at positions like research analyst, research assistant, or junior consultant, where they support the work of more senior staff. They will then reach positions like an adviser.

The economics major provides a superb background within the financial and quantitative modelling that consultants use to conduct their analyses. Writing and speechmaking skills also are necessary when writing reports and presenting recommendations to clients.

9. Business Reporter

Business reporters research, evaluate, and write on companies, stocks, investments, industry and market trends, and therefore the economy. You’ll interview experts and evaluate and analyze financial and economic studies and data.

As an economics degree holder, you’ll use your knowledge of business and economics to know the topics you’re reporting on and therefore the context around them.

Which can offer you a foothold over reporters who don’t bring this background to the table. Your adaptability will are available handy once you got to learn tons during a short time to hide different stories.

10. Loan Officer

Loan officers work with applicants to reach an agreement that suits both the individuals and therefore the loan institution. they’re liable for determining the credit standing of the applicants and determining an answer for the customer.

11. Portfolio Manager

What Can you do with an Economics Degree

Portfolio managers are liable for managing funds or fund groups they’re assigned to. they need to research the economic climate, economic trends and perform other analytics to form the simplest decisions in favour of their fund.

12. Policy Analyst

Policy analysts research and analyze issues that impact the general public and recommend legislation and government intervention to deal with the issues. Economic knowledge is critical to understanding many of the problems and for creating affordable solutions.

Policy analysts believe in strong writing skills to present their research findings and convince legislators and therefore the public of the viability of their recommendations.

13. Actuarial Analyst

Actuarial analysts use their knowledge in Mathematics and Statistics to analyse data, evaluate risks, and establish policy premiums (how much people should buy their insurance).

They use specific programmes, spreadsheets, and other tools which make their work easier and more efficient. you’ll either work alone or in a team with other actuarial specialists.

Actuarial professionals often specialize in one area of labour, such as finance, life assurance, healthcare, savings, etc.

14. Financial Manager

What Can you do with an Economics Degree

A financial manager may be one that assists the leading managers of all departments within a corporation and makes sure the organisation reaches its financial goal.

Making use of fantastic communication skills and analytical abilities, financial managers need to prepare financial reports, investment activities and develop strategies to extend the revenues of a corporation.

➣ Common duties of monetary managers are:

➣ Preparing and reviewing the company’s financial reports

➣ Making sure legal requirements are met for all financial details

➣ Supervising employees from the financial or budgeting department

➣ Finding opportunities for expansion or for acquiring other companies

15. Compensation and Benefits Manager

What Can you do with an Economics Degree

Just like economics majors, compensation and benefits managers must be ready to think in numbers, since they evaluate options for pay and benefits. They study trends within the market and assess supply and demand for various classes of jobs.

They create reports and present their findings to senior management, and may additionally work with their company’s human resources department.

16. Stock Reporter

What Can you do with an Economics Degree

Stock/economics reporters research, write and broadcast stories about business leaders, companies, industry trends, economic developments, and financial markets. In essence, they’re ongoing students of economics as applied to the fashionable world.

The ability to write down economic issues in plain language that the typical viewer or reader can comprehend is additionally vital.

17. Senior Securities Analyst

What Can you do with an Economics Degree

Financial analysts research companies, industries, stocks, bonds, and other investment vehicles for finance departments. Their analyses often require the advanced quantitative skills possessed by many economics majors.

These analysts often use computer software and models to assist their analyses. They write reports and prepare presentations for colleagues and clients who make the ultimate decisions about investments, stock/bond offerings, and mergers/acquisitions.

18. Product Manager

What Can you do with an Economics Degree

Product managers define strategies and plans for developing, launching and testing new and existing products for organizations. They often manage teams that are dedicated to the varied tasks involved in performing on a selected product.

19. Economist

What Can you do with an Economics Degree

Put simply, economists study the economy. They develop and test theories, compare historical data, and investigate current and past employment trends, productivity, wages, and other economic data to form recommendations or predictions about markets.

Many economists work for local, state, or federal governments, but they could even be employed by NGOs (non-governmental organizations) think tanks, research organizations, colleges and universities, and even tech companies.

Economics majors will use tons of the knowledge and skills gained from their coursework in an economist role.

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20. Quantitative Analyst

Quantitative analysts use a spread of mathematical and statistical methods to perform risk management and other finance-related studies. they could work with public or private organizations to research sales or purchasing habits to work out profitable opportunities.

21. Data Analyst

What Can you do with an Economics Degree

Data analysts collect, interpret, and analyze large sets of knowledge to answer questions and monitor trends for the businesses they work for.

For instance, they’ll help a corporation choose the right price point for a product or service or they’ll search for patterns within the web traffic coming into a business’s website.

Economics majors can leverage their financial and business knowledge also as their analytical skills to seek out success in these roles.

22. Insurance Underwriter

Insurance underwriters evaluate and analyze all the factors that enter providing insurance for a business, building, vehicle, person, or other entity so as to make a decision whether the corporate they work for should offer insurance, for a way much, and on what terms.

Also, they add property insurance and similar fields may additionally leave to examine and investigate properties face to face.

As an economics major, you’ll use your analytical and important thinking skills to gauge the risks and possible costs of insuring a specific entity also as your business and market knowledge to assist you in properly value insurance policies.

22. Accountants

What Can you do with an Economics Degree

To become a professional accountant you’ll need further professional qualifications, but many accountancy roles are available to those that studied economics.

In accounting roles, you’ll work across multiple industries, that specializes in monitoring the financial situation of a corporation, business or individual. Careers in accountancy typically specialise in recording, classifying, interpreting and communicating financial data

If you are the analytical type, fascinated by the planet around you, then an economics major could be an honest choice for you. A degree in economics can assist you to start in many areas, including public policy and finance.

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CSN Team.

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