Studying social policy and financial markets as part of an economics degree opens up careers in finance, accountancy and government departments
Jobs directly related to your degree include:
- Actuarial analyst
- Chartered accountant
- Compliance officer
- Data analyst
- External auditor
- Financial risk analyst
- Investment analyst
- Political risk analyst
- Risk manager
Jobs where your degree would be useful include:
- Business development manager
- Civil Service fast streamer
- Data scientist
- Diplomatic service officer
- Local government officer
- Management consultant
- Policy officer
- Quantity surveyor
Remember that many employers accept applications from graduates with any degree subject, so don't restrict your thinking to the jobs listed here.
Look for work experience within the job sector that you're interested in. For example, if you would like to work as an economist, you may want to consider applying for a place on the Government Economic Service (GES) summer scheme. You will need to be in your penultimate year and have a predicted grade of a 2.1 or first.
Individual government departments may also be able to offer work experience and you should contact the department directly to find out more.
You could also consider work experience or work shadowing in areas such as accountancy, banking or finance. Contact local employers to see if they can help you.
Any work experience is useful as it allows you to build essential skills in a variety of areas including teamworking, communication and time management. Contact local volunteering or charity organisations such as Do-it for volunteering opportunities.
Economists are employed in a variety of settings in both the public and private sectors.
The largest employer of economists is the Civil Service through the GES. The Bank of England also provides vacancies through its graduate development programme.
Economics graduates also find employment in areas such as:
- banks (high street and city)
- charitable and not-for-profit organisations
- insurance and accountancy firms
- government departments and think tanks.
Skills for your CV
An economics degree gives you subject-specific skills enabling you to apply economic principles and models. You'll also gain an understanding of the large driving forces shaping social policy and financial markets, as well as skills in statistical analysis.
You'll also develop valuable transferable skills, including:
- communication - presenting findings and explaining complex data
- numeracy - handling complex data and applying mathematical and statistical analysis methods
- problem solving - extracting information, drawing conclusions and making recommendations
- computing - using specialised software
- time management - completing specific tasks within designated time frames
- analytical skills - analysing research methods, data, conclusions and recommendations.
You may choose to continue studying economics at a higher level, either for personal interest or to help with entry into a particular career. You could choose to specialise within a certain area of economics, such as health, agriculture or regional economic development.
Postgraduate study can also be used as a means to change career focus or to gain professional qualifications required to practise in certain career areas, such as accountancy.
Although it is not essential, postgraduate study can offer an advantage if you want a career in a competitive area.
What do economics graduates do?
The top five jobs held by economics graduates in employment in the UK are related to business, finance and marketing, with finance and investment analysts and advisers accounting for 17% of jobs. This is also true for nine of the top ten jobs held.
|Working and studying||11.8|
|Type of work||Percentage|
|Business, HR and finance||59.8|
|Secretarial and numerical clerks||9.9|
|Marketing, PR and sales||8.6|
Find out what other economics graduates are doing 15 months after finishing their degrees in What do graduates do?
Graduate destinations data from the Higher Education Statistics Agency.