Are you an Economics student and wondering what are the future jobs and careers in this field? The future is yours to explore. Economics gives you a sea of options. Read on!

An economics degree provides subject-specific skills which will enable you to apply in economic principles and models. You will also be able to understand the large driving forces which are required to shape social policies and financial markets, along with statistical analysis.

Economics, as a subject, not only trains students to think, but it also allows them to do critical problem-solving skills.

This is the reason why economics major can work in several industries.

Economics provides the students with a lot of flexibility in career options. One can become an entrepreneur, can go into government and help to mold public policy, can help in nurturing economic development all over the world, can become a lawyer, and the list goes on.

Top skills which Economics students gain            

Economics teaches us to gather, organize, and interpret data with the help of mathematical formulas to make calculations. Models are created to predict the impact of policy decisions, investments, climate change, and many more.

Along with skills to analyze problems and propose solutions, it also gives a solid communication skill to the students.

More than 65% of economics graduates are employed within six months after graduation. There is a high demand for economics graduates in the global labor market. Their widely transferable analytical and critical problem-solving skills are used widely and diversely in many industries.

Here are some future jobs and career options when you are choosing a career with a degree in economics.

A Market Research Analyst is trained to design studies, gather data, and analyze it. They apply skills that economics majors develop while studying. Some of the skills are the use of presentation software, graphical representation of data, writing, and statistical skills. Critical thinking and problem-solving are also required. It is estimated that future jobs in this field will grow 20% by 2030.

The main work of Economic Consultant is to use the analytical and research skills needed to carry out studies regarding economic scenarios. This helps organizations to improve

their performance. Economic Consultants are required in industries including finance, business, healthcare, education, the government, and many more.

Other places where they are needed are as expert witnesses in legal cases to assess economic damages, antitrust violations, analyze the intellectual property, and address regulatory violations.

A Compensation and benefits manager’s main objective is to research pay and benefits in other similar organizations within the same industry to establish a competitive structure for the company’s pay and benefit.

With the use of advanced mathematical and statistical skills, Actuaries determine the likelihood of events such as illnesses, deaths, and business failures.

With the help of a great number of variables, Actuaries analyze risk profiles to establish a profitable structure for insurance policies. They use graphs and charts to convey their analyses to the management teams.

There is an expectancy of 20% increase in jobs by 2030.

Credit Analyst is required to conduct microeconomic analyses of future clients to assess the risks involved with loans funds. They do this keeping into account the economic trends and factors affecting the region, industries, and competitors of the future clients.

The work of a financial analysts is to research companies, stocks, bonds, industries, and other investments for financial department. The analysis they do is requires advanced quantitative skills. These analyses are aided with the use of computer software and models. Reports are written along with presentations for clients and colleagues who make the final decisions about investments.

Expected growth is about 6% by 2030 for Financial Analyst.

Research and analysis on issues that impact the public and government intervention are done by Policy Analyst. Issues like healthcare, energy, taxes, the environment, and international trade policy need skill which economic majors possess.

Policy Analysts rely on strong writing skills to present their findings and convince the public and legislators.

New economic graduates can start as a research analyst, research assistant, or junior consultant and can grow to positions like a management consultant. 

Management consultant analyses business problems and look for possible solutions and present to clients.

Economics provides an excellent background in financial and quantitative modeling. Writing and speaking skills are also needed while writing and presenting reports to clients.

Jobs for management consultants will grow by 14% through 2030.

Economics major students possess knowledge about how the economic world functions. This makes economic students write, broadcast stories about business leaders, economic trends, and financial markets. The ability to write makes them perfect business reporter.

Critical thinking and analytical skills to prepare for cases, makes economic students do extremely well as lawyers. Economics teaches research, writing skills, gathering facts and evidence which makes lawyers present their findings to convince a judge or a jury.

The expected growth is 6% by 2030.

The work of a professional economist is to get involved in researching and analyzing economic data, issues, and trends. For this career, one needs to study economics at the 

postgraduate level. One also needs to be confident in producing economic forecasts and reports to clients and advise them accordingly on policy and business strategies. The main clients can be individuals, financial organizations, and public bodies. What is required is a sound awareness of current affairs and economic context.

One of the most popular careers for economic graduates is the banking career. It offers a high scope for earning and has a high demand for economists.

Economic graduates are in particular valued for roles in financial planning, financial control, data analysis, and consultancy, and data analysis.

Banking careers are mainly concerned with providing and advising services for banking clients and consumers.

Skills developed through studying economics makes a person versatile and have a variety of career options to choose from. By the time they graduate, the student will be comfortable with dealing with many experiences using innovative techniques. You can read more on career options in Economics in Acadru, an online disciplinary learning platform.

Economics is a good foundation for many careers to build on. Go ahead! Explore the world if you are an economic student.