What Job Can I Get With An Economics Degree?-For those in love with analytic concepts and is thrilled by the world around you, them economics might be an amazing choice for you. Having a degree in economics can help you get started in many areas and also economics degree gives you an edge in your employability in many areas, despite the industry or company you work in.
The demand for highly numerate graduates is high throughout the global labor market and the largely transferable analytical and skills that solves problems developed by economics students is a proof that careers in economics are greatly wide ranging and also diverse.
What Is Economics?
According to Wikipedia, Economics is the social science that studies the production, distribution and consumption of goods and services.
Economics deals more on the interactions and behaviour of economic agents and how economies work.
The microeconomics analyses what’s seen as basic elements in the economy, also including individual agents and markets, their interactions and the result of their interactions. Individual agents may include, for example buyers and sellers, firms and household.
Macroeconomics analyses the economy as system where saving, investment interact, production and consumption and also factors affecting it: employment of resources of labour, currency inflation, land and capital, economic growth and public policies that have impact on all of these elements.
An economic analysis can be applied throughout society, including:
- Business
- Finance
- Health care
- Engineering
- Government
- It is also applied to such different subjects as crime
- Education
- Family
- Feminism
- Law
- Philosophy
- Politics
- Religion
- Social institutions
- War
- Science
- Environment
Without further ado, let’s proceed…
What Job Can I Get With An Economics Degree
Here are some of the jobs you could do with an economics degree
- Credit analyst
- Personal finance advisor
- Policy analyst
- Supply chain analyst
- Economic consultant
- Business reporter
- Loan officer
- Portfolio manager
- Manager consultant
- Senior financial analyst
- Statistician
- Corporate lawyer
- Product manager
- Economist
- Compensation manager
- Actuary
- Senior market analyst
- Quantitative analyst
- Credit Analyst
The primary duties of credit analyst are responsible for evaluating client credit scores by resulting specific information. They most times also help clients change their credit standing by innovation of new improvement plans and providing information about various financial firms or organizations. Their evaluations are used to make some specific decisions regarding the client’s creditworthiness like loan application, credit card applications and more. The national average salary of a credit analyst is $57,350 annually.
- Personal Finance Advisor
The primary roles of personal financial advisors are to work with people to assist them achieve specific short and long-term financial goals. They look into individual’s financial strength and assist them make critical personal decisions on items such as loans, savings, insurance, stocks and other investments.
Financial advisors can work directly with their own client that’s been a self-employed financial advisor or they if they like they can be employed by firms or organizations like investment firms or banks. The national average salary of a personal finance advisor is $65,550.
- Supply Chain Analyst
The primary roles of supply chain analysts are to evaluate the processes that take place through the operations of supply chain to expose inefficiencies and point out areas for improvement. They are totally responsible for increasing output at the lowest rates. The national average salary of a supply chain analyst is $67,950 per year.
- Economic Consultant
The primary roles or duties of economic consultants is too often work with legal professionals and produce analyses, evidence, data and other legal materials in cases related to economics or finance. Although paralegals mostly perform most of these duties, economic consultants can also be employed for larger, more complicated cases. The national average salary of an economic consultant is $67,970 per year.
- Policy Analyst
The primary duties policy analysts are mostly responsible for studying national economic trends as it relates to government bodies and corporations. They gather data from different sources to forecast economic trends and outcomes. The national average salary for policy analyst is $66,470 per year.
- Business Reporter
The primary roles of business reporters are journalists that have their main focus on business trends and stories. They make researches and write about financial trends, government actions, economic policies and companies that can affect the country’s finances. The national average salary for a business reporter is $69,490 per year.
- Senior Financial Analyst
The primary roles of financial analysts are to closes study the stock market and bond market trends as well as other investments. They use their research to assist businesses and individuals make beneficial investment decisions.
The national average income of a senior financial analyst is $84,880.
- Management Consultant
The primary duties of management consultants are to work with both public and private organizations to assess areas for operational improvement. They develop or come up with innovative plans to improve organizational functions for better, more improved ways of working.
The national average salary of a management consultant is $82,108 per year.
- Portfolio Manager
The primary duties of portfolio managers are to take responsibility for managing funds or fund groups they are delegated to. They must make deep research on the economic trends, economic climate and perform other analytics to make the best decisions in favor of their fund.
The national average salary of a portfolio manager is $77,645 per year.
- Statistician
The statistician is needed is mostly every organization or industry, using statistical calculations to answer questions for either public and private firms or organizations. Statisticians can work on projects such as risk management, growing the efficiency of the business and lots more.
The national average salary of a statistician is $88,430 per year.
- Product Manager
The primary duties of product managers are to define strategies and plans for launching, developing and testing new or existing products for organizations. They mostly manage teams that are intentional about various tasks involved in working on a particular product.
The national average salary of a product manager is $101,505 per year.
- Economist
The primary duties of economists are to carefully study financial trends related to stocks, exchange rates, spending, bonds, inflation and more. They conduct direct research to develop forecasts and inform firms and organizations like corporations or government entities.
The national average salary for an economist is 102,311 per year.
- Actuary
The primary duties of actuaries are to perform statistical and mathematical studies to explain clearly the financial outcomes of a certain risk. They can work with both the public and private organizations to do risk analyses and financial forecasting. The national average salary of an actuary is $113,430 per year.
- Quantitative Analyst
The primary duties of quantitative analysts are to use a number of mathematical and statistical methods to perform risk management and other finance-related studies. They can work with both public and private organizations and firms to research sales or purchasing habits to determine profitable opportunities. The national average salary of a quantitative analyst is $141,373 per year.
Frequently Asked Questions
An economics degree opens the door to many career options and high paying job opportunities.
Yes, economics is a hard major. Economics is said to be one of the most difficult degrees in commerce. Economics is a combination of different subjects including mathematics, accounting, sociology, psychology and business.
The truth is, at the undergraduate level at many universities and colleges, economics is not mostly math-intensive course of study. Although economics happens to have so many diagrams, but not a large number of math.
Final Note
What job can i get with an economics degree – Economics is a great choice of study and one that will give you room to either be an entrepreneur, self-employed and if you choose to be work for an organization (public or private). You will have no regrets studying of having an economics degree. So with the list of jobs you can get with an economics degree I see no doubt why you shouldn’t go for it.
Reference
topuniversities.com –student info careers advice what can you do economics degree
indeed.com –career advice finding a job top economics degree jobs
liveabout.com –top jobs for economics majors
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