Whether you are mulling over your undergraduate options, or in the midst of an economics degree, the journey from university to occupation is certainly a lot trickier than we’re led to initially believe. Particularly in the case of economics, it’s not the case of being educated for a specific role – you are instead being provided with a set of skills that could be used in a whole host of jobs. This, is a huge advantage. Bearing the above in mind, it can be quite a daunting task knowing just where to apply your new skills and degree certificate. To hopefully ease the process, we have comprised the following guide which has penciled in three of the most popular, relevant and lucrative paths open to those economics degree graduates. Here goes…
Market Research Analyst
We’re going to start with one of those jobs that probably doesn’t seem blatantly obvious on first sight. After all, since when has there been a serious link between economics and marketing? However, if you delve into the analytics of marketing, there’s some big money to take advantage of. As we all know, our economics degree has taught us incredible attention to detail and to know how to analyze numbers to a tee. This is exactly what market research is about and one could argue it brings out a much more colorful side from the budding economist. While you will be bogged down in facts and figures, it will still allow you to unleash your creative streak to an extent.
Something that is perhaps more in line with the traditional economist is a credit analyst. It’s here which you can again put your attention to detail right to the test, as well as your ability to analyze the risks involved in lending money to certain individuals and organizations.
A much broader type of analyst, and one that a lot of guides to economics degree opportunities highlight, is the financial analyst. This is a professional which can analyze everything from companies, stocks, banks and investors – meaning that every day truly can be different. Of course, it’s probably one of the more challenging disciplines but like with everything, this can bring huge financial rewards. It’s probably worth mentioning that this type of expert generally has to be both a people-person and a numbers person, with their findings usually being presented to the core stakeholders who make a decision based on their work.
While a financial analyst might be common, we’ll conclude the article with the career path that defines the typical degree in economics. A lot of people heading to study this subject are preparing themselves for the big, bad but again massively rewarding role of accounting. We don’t need to provide an extensive job description here; being an accountant involves forming a business’s income and expenses into a legit and readable format. Of course, some of these professionals make even more money with their recommendations based on best practices, so there is again an element of creativity involved in this career path.