A degree in economics provides you with an array of subject-specific and transferable skills highly sought after by employers
Jobs directly related to your degree include:
- Actuarial analyst
- Chartered accountant
- Chartered certified accountant
- Chartered public finance accountant
- Data analyst
- Financial risk analyst
- Forensic accountant
- Investment analyst
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
- 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.
In order to find out more about the work of economists in government, you could consider applying for a place on the Government Economic Service (GES) summer vacation placement scheme, which offers work experience opportunities ranging from six to 12 weeks. 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 and 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 team working, 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 programme - see Bank of England Careers.
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.
A whole range of postgraduate qualifications are available and economics graduates may choose to undertake further study for a variety of reasons. Some wish to continue studying economics at a higher level because of personal interest or they may choose a specialist area such as health, agriculture or regional economic development.
Graduates may use postgraduate study 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 to those wishing to seek careers in competitive areas.
What do economics graduates do?
More than 65% of economics graduates are in employment six months after graduation, while around one in five go on to further study.
The top five jobs held by 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.
|Working and studying||5.6|
|Type of work||Percentage|
|Business, HR and financial||57|
|Marketing, PR and sales||10.1|
|Retail, catering and bar work||6.2|
|Secretarial and numerical clerks||6.2|
For a detailed breakdown of what economics graduates are doing six months after graduation, see What Do Graduates Do?
Graduate destinations data from the Higher Education Statistics Agency.