Economics offers many career options. Economics graduates can work in many fields, including education and government as well as business, marketing, and business. You can learn more about the different careers in economics to help you choose your dream career. This article lists 15 economics careers and provides information about the average salary and primary duties for each to help you choose the best one.
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15 careers in Economics
If you are studying economics, you might be interested in a number of positions in finance, marketing, and other industries. These jobs often require analytical thinking, mathematics reasoning, and research. You may also learn these skills during your economic degree program. These roles might hire candidates with a bachelor’s in economics. Others may seek candidates with a master’s degree, doctorate, or additional certification. These are 15 possible careers in economics that you might consider:
1. Insurance underwriter
Principal duties: Insurance underwriters work for insurance companies to assess risk. They are responsible for reviewing applications and using computer software to evaluate risk. To help them assess applications fairly, they can use their economic skills such as mathematical reasoning and analytical thinking.
2. Loan officer
Primary duties: Loan officers review and approve debt applications. They are responsible for determining creditworthiness and deciding on a loan solution. They are often employed by credit card companies and other lending institutions.
3. Marketing consultant
Primary duties: Marketing consultants help clients and companies improve their marketing strategies. They can evaluate current marketing efforts and offer suggestions, as well as tracking marketing effectiveness. They can also provide content suggestions and evaluations of target audiences to help improve marketing efforts.
Primary duties: Accountants manage the financial records of clients and companies. They may be responsible for preparing financial statements, entering payroll information, and tracking sales data. They can also provide advice to clients regarding their business or private taxes.
Primary duties: Journalists, also known as reporters, are professionals who write content for magazines, newspapers, and websites. Some reporters specialize in economic or business topics. These professionals can write about economic trends, financial markets, and new businesses. They are responsible for conducting research, interviewing relevant sources and drafting articles.
6. Pricing analyst
Primary duties: Pricing analysts work with businesses to set fair and competitive prices. They may be responsible for researching market trends, evaluating prices from competitors and reviewing customer buying habits. They use data and mathematical models in order to determine the best prices for goods or services.
7. Economic consultant
Primary duties: Economic consultants work for large consulting companies. They analyze an organization’s economic situation and make suggestions for improvements. Sometimes, economic consultants work with lawyers to produce data and analyses in financial cases.
8. Supply chain analyst
Primary duties: Supply chain analysts work with business professionals to improve the efficiency of supply chains and production processes. They are responsible for assessing supply chain operations and processes in order to identify areas that can be improved. They employ data and strategic methods to improve efficiency, reduce costs, and improve supply chain processes.
Primary duties: Economists analyze financial trends, such as stocks, bonds and spending. They do specific research to create forecasts and inform organizations like government agencies or corporations. They are responsible for collecting data, forecasting mathematically and monitoring economic trends.
10. Data analyst
Primary duties: A data analyst works in the evaluation of data. They can work in finance, government, and science. They are responsible for large-scale data collection, efficient data sorting and problem solving.
11. Credit analyst
Primary duties: Credit analysts are responsible to evaluate client credit scores and review specific information. Clients might be able to change their credit status by helping them create improvement plans or providing information about different financial institutions. Companies can use their evaluations to make decisions about creditworthiness.
12. Project officer
Primary duties: The project officer is a business professional responsible for ensuring that projects are completed effectively. They can be responsible for scheduling tasks, managing documents and communicating with project managers. They might also be responsible for tracking a project’s progress by using performance data.
13. Financial advisor
Principal duties: Financial advisors assist their clients in managing their money and achieving their financial goals. They meet with clients and discuss their financial goals. They might also offer suggestions on how to save money or make large purchases.
14. Policy analyst
Primary duties: The policy analysts are responsible to analyze national economic trends. They collect data from many sources in order to make economic forecasts and evaluate possible outcomes. They might make recommendations to government agencies and social organizations.
15. Management consultant
Principal duties: Management consultants are employed by both public and private organizations to identify areas of improvement. They create plans to improve organizational functions in order to achieve better and more efficient working methods. They meet clients and analyze current operations. Then they present their findings to the management.