Graduates from Economics degrees at both undergraduate and postgraduate level enter a range of jobs often with a strong, if not always direct, link to their degree subject.
Careers typically pursued include Economist, Econometrician, Taxation specialist, Accountant, Financial Markets Trader, Actuary, plus careers in Retail, Corporate and Investment Banking, Insurance and Pensions, and Financial Advice.
BSc Economics degree graduates are statistically more likely than BA Economics graduates to make direct use of their degree in their initial employment. BA Economics graduates are slightly more likely than BSc students to work in sectors of the economy outside of finance. On average around a quarter of undergraduates initially go onto postgraduate study.
Possession of a postgraduate masters in Economics increases a graduate’s chances of employment as an Economist. A masters degree also increases a graduate’s likelihood of progressing into research programmes/positions in universities and research institutes.
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Step 1 - Look at the career paths of recent graduates
Understanding what recent graduates from your subject have gone on to do can be a valuable source of information to help in career planning, but bear in mind that what you choose to do will be a personal decision based on many other factors, such as what you are good at, what you enjoy, and what you want from work.
Read this section first, if you have not already done so, as it will help you explore these factors and get ideas for possible careers.
This data was collected six months after graduation, so although useful, it doesn't provide a reliable indicator of longer term career paths. Some graduates are still in transition and may be in short term jobs, mainly in administrative, retail and customer service roles, developing further skills and experience while at the same time job hunting, travelling or taking time out.
Our graduate case studies database allows you to search by department and read the case studies from graduates who describe their career path and provide a realistic insight into the world of work.
Step 2 - Research options linked to your subject
We have put together a number of resources to help with this.
Options with your subject - Economics
This section of the Prospects website will help you to explore how you can best use your degree.
There are a number of obvious jobs that you may wish to consider such as economist or statistician. However, you should remember that a large proportion of vacancies advertised to graduates are open to any degree subject, so you should be prepared to explore all your options.
This guide produced by Targetjobs, should help you think about the skills you have and the jobs they can be applied to.
This part of Prospects includes profiles covering a wide range of occupations, including job descriptions, salary, entry requirements, training, typical employers and vacancies.
Further study and research
Graduates from undergraduate Economics degrees can progress into a number of different postgraduate study specialisms in the subject, such as Health Economics, Development Economics, and Financial Economics. In a few cases it may be possible to progress directly into postgraduate research. Alternatively graduates can progress onto vocational courses in a wide range of employment areas in both finance and non-finance occupations, which may provide recognised qualifications for entry into specific careers.
In addition to vocational study options, postgraduate masters students may subsequently pursue a PhD or MPhil.
If you are interested in postgraduate study, a good place to start is Prospects, which offer a database of courses and research opportunities.
Step 3 - Search vacancy databases for jobs of interest
We advertise over 5000 vacancies each year for graduate jobs, placements, part-time, voluntary and vacation work.
Our Information resources database includes a section covering a large number of general and regional graduate vacancy websites. Within the ‘Occupations’ section we include recruiters who specialise in a particular sector. Many professional organisations and government bodies also include vacancies as part of their website.