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Economics Careers
6
Careers in Economics
So what type of degree do you need?
There are degrees available at various levels:
Associate
Bachelor (Arts or Science)
Masters
Doctoral
Depending on the type of career in economics that interest you, there may be a specialized degree available.
Analysis
A lot of your time in economics is spent evaluating information, spotting patterns and inconsistencies, and drawing conclusions that are relevant to your goals.
Analytical skills like this are valuable in any job where you need to make recommendations for what to do based on a lot of information, whether it’s qualitative or quantitative.
Analysis
Adaptability
The field of economics is constantly evolving, so economists learn about a large range of subjects, theories, trends, and frameworks, likely keeping up with them as they—and the world—change. It's important for them to
Being agile, open to learning, and staying on top of trends are highly transferable and valuable skills. Being able to adapt to change means you can get up to speed quickly, stay on top of your work, and help your company respond to anything that comes its way.
Critical Thinking
Economists must learn to examine issues and concepts from multiple perspectives and predict possible outcomes of different choices.
Critical thinking skills are almost universally transferable and are needed for any job where you’re solving problems or making evaluations.
Critical Thinking
Economists must learn to examine issues and concepts from multiple perspectives and predict possible outcomes of different choices.
Critical thinking skills are almost universally transferable and are needed for any job where you’re solving problems or making evaluations.
Communication
Economists must take complex ideas and analyses and communicate them both in writing and orally. Sometimes explaining concepts that are high level to those unfamilar with economics.
Communication skills are useful in almost every job where you work with other people to ensure that you get your point across, increase productivity, and nurture professional relationships.
Industry Expertise
Industry Experience
An economics degree will give you foundational knowledge of the industry and an understanding of both the why and how of commerce, money, and finance.
Every organization in every industry needs employees with this knowledge in order to know how to best function and position themselves within their market.
Problem-solving
Economists must ultimately learn how to make wise or productive decisions in a world of scarcity. They are skilled at analyzing information and using it to design and implement strategic solutions to problems.
Many, if not most, jobs involve making choices and solving problems using resources that are limited in some way.