Economics is such a diverse field of study. Its scope covers food, agriculture, business and banking. Our world leaders would have studied Economics at some point of their lives, along with other credentials.
By definition, Economics is the social science that studies the production, distribution, and consumption of goods and services. Economics deals with the behaviour and interactions of economic agents and how economies work.
An Economics degree will help you develop analytical skills that you will need to further your career as a professional economist.
If you want to become an Economics professional, read on and find more information about the course, possible career paths, and specialization.
SEE ALSO: What can you do with a Business Degree?
The global labor market has always prioritized Economics degree graduates. Thus, if you want to boost your career, an economics degree is the perfect choice.
In general, an economics degree will tackle how the market works. It will also touch other topics such as accounting and finance. As most professionals in banking and accountancy hold at least a Bachelor’s Degree in Economics
Find the best universities for an economics degree here.
A strong candidate for an Economics Degree must have strong analytical and IT skills. You will be crunching numbers and analyzing them. Economics majors must also possess enthusiasm for understanding current affairs and the world around you.
What are the key skills for Economics?
Studying economics at the undergraduate or post graduate level is possible. The undergraduate level will give you a general idea of Economics and the post graduate level will give you a more specific look at each of the following specializations. If you wish to pursue graduate studies, you are set for better and highly specialized roles in the future.
Here are some examples of the different specializations in Economics:
Perhaps the most popular career options for Economics majors are finance jobs. However, there are more options available for candidates.
Here are the most common careers in economics:
Actuarial & data analysis
Actuaries are responsible for evaluating and advising the impacts of financial risk and uncertainty. You must be skilled in mathematics and compiling statistics and also be able to communicate complex data effectively to non-experts.
Professional economist
Expect to be involved in researching and analyzing economic data, issues, and trends. You will have to complete economics at postgraduate level to gain a specialization.
Business & Financial Consultancy
This area of specialization requires in-depth knowledge of economics theories and models, thorough analytical and problem-solving skills, and mathematical ability. You will find similar roles which allow you to work with multiple clients instead, creating reports and advising a strategy for the business.
Banking
The banking sector is one of the most promising sectors which highly demand economists. You will most likely land a job in financial control, financial planning, risk analysis, data analysis, and consultancy.
Accountancy
You will focus your study on recording, classifying, interpreting and communicating financial data, requiring strong analytical skills, mathematical proficiency, computational ability, an understanding of all elements of company finances. This area of specialization also requires the ability to contextualize the data.
Public sector
Economist careers in the public sector deal with public taxation, transport, commercial and waste services, energy and other forms of government spending.
Twitter
Add a Comment
Please do not post:
Thank you once again for doing your part to keep Edarabia the most trusted education source.