Although economics majors must be able to analyze problems and propose solutions, success in the field also requires solid communication skills. Individuals working in economics must be able to translate their complex findings into a format that business leaders, legislators, and everyday people can understand. While graduates with a degree in economics are masters of the chart and graph as tools for summarizing trends and results, the ability to write clear descriptions and present complicated information to others are also vital skills for the economics major.
Given the breadth of the major, there are many possible career choices for people with an economics degree. To choose the right career you will need to consider your other skills, interests, and values. Here are some job options to consider when you're choosing a career path with a degree in economics. Market research analysts tap knowledge of industry trends to assess how products or services might fare under various economic conditions.
Like economics majors, they are trained to design studies and to gather and analyze data. They must be able to quantify results and present this information to clients. These analysts apply many of the skills that economics majors develop, such as the use of presentation software and graphical representation, as well as writing and statistical skills.
They must think critically about products and services and be adept at solving problems. Economic consultants use analytical and research skills to carry out studies regarding economic scenarios. They analyze industry trends to help organizations improve their performance. They might work for organizations in a variety of industries, including business, finance, healthcare, education, the government, and more. Economic consultants can also act as expert witnesses in legal cases to assess economic damages, analyze intellectual property and antitrust violations, and to address regulatory violations.
Just like economics majors, compensation and benefits managers must be able to think in numbers, since they evaluate options for pay and benefits. They study trends in the labor market and assess supply and demand for various classes of job. They create reports and present their findings to senior management, and might also work with their company's human resources department. Actuaries apply advanced mathematical and statistical skills to determine the likelihood of events like fires, deaths, illnesses, and business failures.
Like economics majors, they need to consider a great number of variables when analyzing risk profiles to establish a profitable structure for insurance policies. Here are some questions that will get the conversation flowing:. People are judged more by the questions they ask than by the answers they give. Finish the interview by asking for suggestions about who else you should talk to. You called to ask for advice; stick to asking for advice. Each meeting will lead to more meetings, in an exponential fashion.
For everyone else, the opportunity cost is too high. This is a BETA experience. You may opt-out by clicking here. More From Forbes. Nov 11, , am EST. Nov 10, , pm EST. Nov 10, , am EST. Edit Story. Apr 29, , pm EDT. Becoming comfortable in an online learning environment also holds an additional benefit, according to Mondal. Because that student already knows how to communicate online, he or she will be at ease communicating with these offices.
National University was among the trendsetters in higher education when it began offering online classes in Today, priding itself on providing one of the most flexible ways to earn a degree, the University offers more than 70 online degrees. An oligopoly is a market or industry is dominated by a small number of major players, for instance, the big three big automobile companies.
The student learns the intricate issues. We train our students to be well educated. As a result, National University students enter their finance careers or economist jobs trained to be managers in business, and to work in collaboration as corporate world executives, and to go into government with a solid understanding of economics.
Students must take either a macro or microeconomics class. National University offers a plethora of classes and programs for learning about economics , ranging from an Associate of Science degree to undergraduate degrees with a minor in economics to a Master of Business Administration.
Our school of business has a good reputation for graduating well-trained, well-educated students. Economics teaches students to make rational choices and understand the nature of wealth production in the economy.
There are many job options for those with training or a degree in economics or related majors. They include:. In addition to these jobs, TheBalanceCareers. The American Economic Association AEA notes that economics intersects many disciplines and professional environments, with applications in health, gender, the environment, education and immigration. You will need to be in your penultimate year and have a predicted grade of a 2.
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. Search for placements and find out more about work experience and internships. The Bank of England also provides vacancies through its graduate development programme. Find information on employers in accountancy, banking and finance , business, consulting and management , public services and administration and other job sectors.
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.
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