Economics


See related career areas below:

What is Economics?

Studying economics teaches you about social policy and financial markets, useful for careers in finance, accountancy and government administration, 

Many people hear the word “economics” and think it is all about money. Economics is not just about money. It is about weighing different choices or alternatives. Some of those important choices involve money, but most do not. Most of your daily, monthly, or life choices have nothing to do with money, yet they are still the subject of economics.

Areas of Economics can include:


As a professional economist, you’ll be involved in researching and analyzing economic data, issues and trends. For the majority of economist careers, you’ll need to study economics at postgraduate level to gain the specialist skills required.



Banking careers are very popular with economics graduates, offering scope for high earnings and have a high demand for economists. Graduates with a background in economics are particularly valued for roles in financial control, financial planning, risk analysis, data analysis and consultancy.



An actuary is a business professional whose role is to evaluate and advise on the impacts of financial risk and uncertainty. Using knowledge of both business and economics, actuaries provide reports and devise strategies on how to lessen these risks. 



Those who study economics will be valued in all areas of public and private spending, including roles within pricing and risk analysis, financial consultancy and economic planning. Economist careers in the public sector are often involved in public taxation, transport, commercial and waste services, energy and other forms of government spending.


Economists and economics experts are at the heart of the business world and financial consulting. Economics graduates may find positions in large and medium-sized organizations where economic research is required.



To become a qualified accountant you’ll need further professional qualifications, but many accountancy roles are available to those who studied economics. In accounting roles you can work across multiple industries, focusing on monitoring the financial situation of an organization, business or individual.

Related Job Profiles

For ideas on potential jobs click here: https://www.prospects.ac.uk/careers-advice/what-can-i-do-with-my-degree/economics


University help

BEST UNIVERSITIES FOR ECONOMICS

Apprenticeships / employment 

Apprenticeship

The following degree Apprenticeships may be relevant to this role: 


You could apply for a place on the Government Economic Service Fast Stream programme, starting out as an assistant economist. You'll need a degree in economics or a combined degree, with at least 50% economics. A postgraduate award in economics may be acceptable. 

https://www.gov.uk/government/publications/the-government-economic-service-degree-level-apprenticeship


Employment 

You could start as an economic research officer or analyst in the private sector and work your way up. 

For more information : 

https://www.getmyfirstjob.co.uk/?TabID=1358&id=540&occupation=economist

Employers

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:


Taken from prospects 

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