5 Careers for Those with an Economics Degree
If you graduated with an economics degree because you are the analytical type who is fascinated by the world around you, a job that includes policy and finance could be your dream job.
You could find a job where you study industry trends, labor markets, prospects for companies as well as the forces that drive the global economy. You should look for jobs that have you gather, organize and interpret data while using mathematical formulas and statistics to solve calculations. You also are going to have to have people skills to translate all your findings so that CEOs, legislators and everyday people can understand your findings.
1. Become a Market Research Analyst
You can be a market research analyst where you will have the knowledge of industry trends to assess how a company’s products or services will fare under economic conditions. You will think critically about products and services and have to solve problems such as to make them thrive in conditions that aren’t ideal. You will present your findings to your clients in presentation software and graphical representation so they will understand how to help make their services appeal to the everyday consumer in the economy. In short, as a market research analyst you will help companies decide how to advertise and market their services.
2. Become an Actuary
An economics degree can also get you a job as an actuary where you apply mathematical and statistical skills to determine the likelihood of tragedies such as fires, deaths, illnesses and business failures. This work isn’t for the overly sensitive and requires a love of numbers more than other economic jobs. You will consider a vast number of variables when analyzing risk profiles to establish a profitable structure for insurance policies.
3. Apply to Become an Economics Consultant
You can also become an economics consultant. There are opportunities in economic consulting in Washington DC as well as other larger cities such as New York or San Francisco. This job requires an economic degree and the work is a type of paralegal work. Economic consulting firms produce research, analysis and testimony that can be used in court cases. You can also provide companies with information to help improve their policies and performances that will help them stay out of court.
4. Consider Becoming a Lawyer
If you want to further your education after obtaining your economics degree, you can become a lawyer. This is a profession where you also use critical thinking and analytical skills and many areas of law involve the application of microeconomic and macroeconomic analysis.
5. Become a Compensation & Benefits Manager
If you graduate with an economics degree you can also pursue a life as a compensation and benefits manager. This profession thinks in numbers as they evaluate the options for pay and benefits. They study trends in the labor market while assessing supply and demand. They work closely with their company’s senior management as well as the human resources department.
Economics majors usually have the ability to think in numbers, use graphs and charts to display information and the ability to write clear descriptions to present to the everyday person. There are a multitude of career choices out there for those with an economics degree, and choosing the right one means considering your skills, interests and values.
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