There are many different jobs you can get with a economics degree. Whether it’s in the government or any kind of corporation, there is something out there for you. In this article I’m going to give you information on what these jobs are and how to get them.
There are several career paths you can take with an economics degree. Some of the most common jobs include:
- Economists work in a variety of industries and sectors, including the government, academia, business, and non-profit organizations.
- Financial analysts analyze financial data for a range of companies and financial institutions. Financial analysts use their knowledge of economics to help companies make decisions about investments, loans, and other business transactions that could affect their bottom line.
- Management consultants help businesses improve their operations by providing advice on how to manage their finances more effectively or how to increase profits through cost-cutting measures such as outsourcing labor overseas or automating certain tasks within the company’s operations (e.g., by using robots instead of human workers). Management consultants also advise clients on whether it makes sense for them to buy another company or merge into an existing one in order to expand market share or provide additional resources for growth opportunities down the road (e.g., buying out a competitor who does not have enough money left over after paying off debt for its original startup costs).
What jobs can you get with a economics degree
Introduction
An economics degree is a good major to choose if you’re looking for a high-paying career. In fact, according to the US Bureau of Labor Statistics, the average pay for economists—the top occupation for economics majors—was $104,340 in 2016. And this is only one of many careers available to graduates with an economics degree. So as you can see, there’s plenty of room to grow and prosper when it comes to your choices after graduation.
Career #1: Actuary
An actuary is a professional who calculates the probability of future events. They use their knowledge of statistics and mathematics to predict risk and make sure that clients’ investments are safe. Actuaries make sure insurance companies have enough money in reserve to pay out claims if something happens, such as natural disasters or car accidents.
An insurance agent is someone who sells life, home, auto and other types of insurance policies on behalf of an insurance company. They will give you advice about which policy is best for your needs but it’s up to you whether or not you choose that policy or another one elsewhere based on what fits into your budget best (this is where an actuary would come in handy!). Insurance agents do not calculate risks like actuaries do; instead they advise people who want coverage about how much protection each option offers based on their age, location and lifestyle choices like smoking habits (for example).
Career #2: Economist
If you love economics and are interested in becoming an economist, you need to know the following:
- What is an economist? An economist is someone who studies and applies the principles of economics. They use economic data to make business decisions, forecast economic trends and perform other tasks necessary for businesses to succeed.
- What do economists do? Economists can be found in many areas of employment. Some work for governments as statisticians or financial analysts; others work for large corporations as managers of research divisions or analysts for corporate strategy departments; some work as professors at colleges or universities (or even high schools). In addition, many economists specialize in specific industries such as banking, insurance, real estate or manufacturing—and they may even set up their own consulting firms specializing in these fields. Finally–and perhaps most importantly–economists are also employed by financial institutions (banks) where they advise clients on how best to invest their money given today’s economic realities. In short: there are numerous job opportunities available if you want them!
Career #3: Financial Analyst
A financial analyst is a professional who analyzes the financial performance of companies and organizations. They use their knowledge of the company’s structure, products, and services to provide information about its financial health.
Financial analysts may work for banks, insurance companies, investment firms or business organizations that buy and sell goods. In all cases they must be able to understand how a company makes money and where it stands financially in order to make recommendations on whether or not you should invest in the business or if you should divest yourself of stock in that particular firm.
Career #4: Investment Banker
Investment bankers are professionals who help companies raise money by finding investors and selling stocks or bonds. This is one of the many career paths you can take with an economics degree, but it requires a strong understanding of math and financial analysis.
An investment banker’s job involves analyzing market trends, studying economic data and making recommendations for investments. When choosing investments, they consider factors such as risk, return potential and cost efficiency.
After obtaining an undergraduate economics degree from a four-year college or university program (or even after earning an MBA), you may work as an intern for several months at an investment bank before getting hired full-time. Compared to other entry-level jobs in finance, investment banking has higher pay than most other options since it requires specific skills like those listed below:
- Advanced knowledge of calculus (advanced math)
There are many different things you can do with an economics degree
There are many different things you can do with an economics degree. This section will give you a brief overview of some of the more common options.
- Actuary
- Economist
- Financial analyst
- Investment banker
- Industrial economist
- International trade specialist
Pros: A lucrative salary, good long-term job security, interesting work and opportunities for advancement. Cons: Requires advanced mathematical skills and may not be suitable if you don’t enjoy working with numbers or don’t want to travel frequently. Average salary overall is around $100K/year but can vary depending on specialty (see below). Skills needed include analytical skills, communication skills and problem solving abilities; those who get hired often have graduate degrees in economics or financial analysis or related fields such as statistics or business administration. Best way to get hired is through networking; sometimes positions open up when someone retires from their position so look out for job postings that mention retirement eligibility requirements like age limits or mandatory years worked in industry before applying
Conclusion
An economics degree is a valuable tool to have, and if you’re interested in working with numbers and data, it can be an excellent choice for your college education. Whether you want to become an economist or not, this type of degree will help develop your critical thinking skills and give you the tools necessary for success in today’s job market. The jobs listed above are just some examples of careers that might suit someone who has studied economics at university level. If none of them appeal to you personally though, don’t worry – there are plenty more out there!
