What Job Opportunities can I have with an Economics Degree?

Tuesday, January 19, 2021

Are you interested in pursuing a degree in Economics? Here is everything you need to know about the degree and the job opportunities you can expect to have with this kind of degree. 

It is not easy to choose what to study at university, since this is a decision that will determine our future. There are many aspects you need to consider, from the degree’s duration and courses, to the earning potential and the job opportunities you can expect to have. For that reason, it’s not a decision you can make lightly. 

If you are interested in pursuing a degree in Economics, you can be sure you’ll have plenty of job opportunities. Below, you’ll find everything you need to know about Economics and why you should pursue a degree in this field. 

What is Economics?

Economics is a multidisciplinary field that combines politics, sociology, psychology and history to study people’s behaviour, decisions and reactions when faced with adversities or beneficial situations. 

Economics is a field that is useful for professionals in all industries, not only business. Why? Because this is a discipline that studies the way in which individuals, groups and whole societies manage and use their resources. That is to say, economics is the social science that studies how people in general interact with value, more specifically, with production, distribution and consumption of goods and services over a period of time. 

“The building blocks of economics are the studies of labor and trade”, according to Investopedia. “Since there are many possible applications of human labor and many different ways to acquire resources, it is the task of economics to determine which methods yield the best results.”

Why study Economics?

If you study a degree in Economics, you’ll gain a wide variety of skills, points of view and ways of thinking that will help you find solutions to any possible problems. 

Studying a degree in Economics will open many doors for you, since you’ll not only gain the skills that are necessary to understand complex markets, but you’ll also acquire strong analytical, critical and problem-solving skills that will come in handy when faced with difficulties. They will also allow you to work across many different industries, not just business, since this kind of professional is needed in any industry. 

Below, you’ll find the job opportunities you can expect to have if you decide to pursue a degree in Economics:

  • Actuarial analyst
  • Chartered accountant
  • Compliance officer
  • Data analyst
  • Economist
  • External auditor
  • Financial risk analyst
  • Investment analyst
  • Political risk analyst
  • Risk manager
  • Statistician
  • Stockbroker

You’ll be able to perform these roles in different institutions, such as Banks, other Financial Services Companies (including insurance and accountancy firms), Consultancies (this kind of institution is right for you if you’re looking for a role where you can apply your economic knowledge more directly), Government Departments (particularly within the Civil Service or within the Government Economic Service, Financial Conduct Authority and HMRC), International Organisations, Research Institutes, among others. 

If you are interested in pursuing a degree in Economics, you can find all the Economics degrees offered by the best universities in the UK clicking here

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