Ever wondered where an Economics degree can take you?
After all, economics is a varied discipline, featuring elements of accounting, finance, investment and statistics.
Thankfully, this mix of subjects makes a degree in Economics very versatile. Here are just a few examples of jobs for Economics graduates.
Accountant
Although Economics deals with broad, national and international spending, it shares a lot of key skills with smaller scale accounting – namely mathematics, conversions, and formulae.
As an accountant with an Economics background, you can bring a skillset that benefits your clients in unique ways, such as knowledge of forecasting and pattern analysis. All of our Economics degrees feature ‘Introduction to Management Accountancy’ as an optional module during the first year.
Economist
The most obvious career path for an Economics graduate, an economist is interested in analysing resources, processes and outcomes on a large scale.
For example, an economist who works for a local council could analyse the amount of money and resources spent on a project, and forecast how successful the project will be long-term. They could estimate how much a new row of shops will cost - in terms of resources, labour hours and investment needed - and predict the return on investment over the first five years, be that how much profit it could make, impact on the local economy, and so on.
All three of our Economics degrees will give you firm foundations on which to build a career as an economist, with our single honours BA (Hons) Economics degree covering a lot of subjects that could impact your future job role.
Investment analyst
From the financial side of economics, investment analysts look into the viability of corporate investment. They inform the people or businesses they work for if an investment opportunity is right or wrong based on their own research.
Investment analysts investigate things such as market forecasts and financial histories to put together a report for fund managers in charge of corporate investment. It requires good financial knowledge and a keen eye for detail.
Risk analyst
In uncertain economic times, companies become more cautious in their business dealings. They want to make sure every decision they make is the best for everyone involved. That is where risk analysts come in.
Risk analysts will be tasked with exploring every outcome of a potential business decision, and take into account multiple factors from financial implications to the impact on public perception.
Statistician
Although this may sound similar to other job roles listed above, the statistical analysis sector is becoming bigger by the day thanks to one thing – Big Data.
As the world moves more and more online, the amount of statistical data available for analysts to interpret grows. Big Data is the process of analysing this data to look for non-obvious patterns that can really help a business grow. A statistician’s work can make the difference between a good year and a great year for the businesses they work with.
Those looking to explore statistical analysis from an economics standpoint can look forward to studying Econometrics as an optional module during the second year of our Economics degrees.
