Do you love analysing the market and predicting trends for the economy? Are you interested in researching the economy to bring change for the better? If your answer is ‘yes’, then a Bachelor's degree in Economics can help you build a wonderful career in this field.
If you are wondering what job opportunities you will have after completing a degree in Economics, you will be glad to know that a whole range of options awaits you, such as financial or investment analyst, auditor, economic consultant, or financial manager.
Here are some of the most sought-after career options chosen by students with a Bachelor’s in Economics.
Choose an Economics Bachelor’s degree
An Economics Bachelor’s degree is a great foundation for numerous types of careers, not necessarily in the financial field.
By studying Economics, you will better understand the world around you and it will inevitably teach you how to make important choices in your life, from what career you should choose, to where to invest your money.
Some of the most popular destinations for a Bachelor's degree in are:
- Economics Bachelors in the UK;
- Economics Bachelors in China;
- Economics Bachelors in Canada;
- Economics Bachelors in the U.S.;
- Economics Bachelors in the Netherlands;
- Economics Bachelors in Italy.
Also, some of the top universities you could study Economics at are:
- Jönköping University, in Jönköping, Sweden;
- Bilkent University, in Ankara, Turkey;
- Budapest Metropolitan University, in Budapest, Hungary;
- Southern New Hampshire University, Manchester, United States;
- University of South Florida, in Tampa, United States.
Job opportunities after an Economics Bachelor’s degree
1. Financial risk or investment analyst – Decide if the client should pay
Work for: insurance or trading companies, hedge funds, public sector
Financial risk analysts handle the process of risk management within an organisation and evaluate and predict events that might negatively impact the financial stability of organisations.
A financial risk analyst can manage business decisions in four major risk categories: credit risk, regulatory risk, operational risk, and market risk.
The duties of financial risk analysts include:
- making suggestions to reduce or control risk issues;
- forecasting, monitoring, and keeping up-to-date with market trends;
- collaborating with traders and assessing the risks associated with specific transactions;
- analysing the economic implications of factors such as natural disasters, weather, etc.
2. Auditor – Find where the money is going
Work for: financial consultancy companies, the Government
An auditor is responsible for reviewing the financial status and accounts of companies and organisations. The work of an auditor is focused on collecting information and checking if all financial statements and records are valid, legal, or presented in a fair manner.
At the completion of an audit, the auditor has to complete a report rendering an overview of the financial situation of the company or organisation, and can also act as advisors to recommend possible risk measures and cost savings methods.
Some of the main tasks auditors have are:
- collecting financial data by inquiring management and other employees;
- understanding processes and policies of the organisations;
- analysing all types of financial documents, including account balances or classes of transactions;
3. Economic consultant – Understand where trade and economy are heading
Work for: financial companies, research institutes, public and private agencies
Economic consultants study economic and statistical data in a certain area of specialisation, such as finance, labour, agriculture, etc., and complete various studies regarding economic phenomenon and possible scenarios.
Apart from conducting a thorough research using mathematical and statistical methods, economic consultants make recommendations, policies, or strategies to solve economic problems or to interpret markets.
Economic consultants are in charge of:
- analysing industry trends, that will influence expansions and investments for corporate clients;
- assessing economic damages, analyse intellectual property and antitrust violations;
- reporting research on economic issues;
- studying the socioeconomic impacts of new public policies (legislation, taxes, services, and regulations).
4. Financial manager – Lead the way to success
Work for: any type of company, public sector
A financial manager is a person that assists the leading managers of all departments within a company and makes sure the organisation reaches its financial goal.
Making use of excellent communication skills and analytical abilities, financial managers have to prepare financial reports, investment activities, and develop strategies to increase the revenues of a company.
Financial managers can find employment in many places, including banks and insurance companies.
Common duties of financial managers are:
- preparing and reviewing company financial reports;
- making sure legal requirements are met for all financial details;
- supervising employees from the financial/budgeting department;
- finding opportunities for expansion or for acquiring other companies
No matter which career you choose, by studying a Bachelor’s degree in Economics, you will develop key skills like analytical problem solving and great communication skills, as well as unmatched research-driven decision-making.