What can you do with an economics degree?

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A good number of undergraduate students in the field of economics frequently ask themselves, what can I do with an economics degree? Well, if the world around you fascinates you, a degree in economics can be a good choice for you. Economics touches on different aspects of human life. It is about all the choices we make every day including the career to take, the brand of coffee to buy, the school to take our kids and so much more. A graduate of economics can join different fields including finance and public policy. Economists use their skills to study market trends, labor markets and the forces that drive or cripple an economy.

Whether you're a master or Ph.D. economics graduate, your work is to collect, tabulate and interpret data using mathematical formulas. All this is done to create models and hypotheses used to forecast future behavior, the impact of investment decisions and policies, climate change, industry trends, and demographics.

Economics students face a myriad of challenges while in college or campus. While some have issues with handling their homework, others experience difficulties grasping concepts. Are you one of them? Having been there myself, I could use some services that came in handy in helping me do my economics homework.

As a learner of the field, you need not only know how to research and analyze problems, but also know how to translate their complex analysis into a format that business leaders, legislators, and ordinary people will understand.

Given the breadth of economics, a graduate needs to consider their skills, values, and interests to pick a career that will satisfy them.

Plenty of behavioral economics jobs exist. Some of the responsibilities for economics majors include:

Actuary

Actuaries work with insurance companies to determine the likelihood of occurrence of insurable events such as fire, illnesses, and death and business failures. A high number of variables are considered when determining the probability of an occurrence of these events to enable an insurance company to come up with a useful structure for their insurance policies.

Actuaries need to be well versed with computer software to enhance their analyses. After a study, an actuary needs to convey their results in charts and graphs for the management to understand.

Market Research Analyst

A market research analyst studies market trends in a bid to forecast how goods or services will fare under different economic conditions. These analysts are trained to research, quantify results and interpret the results to clients. Analysts need to have immense knowledge of presentation software and graphics as well as writing and statistical skills.

Compensation & Benefits Manager

These professionals evaluate pay and benefit options. The managers will study the labor market, assessing demand and supply for different jobs. They will compare pay and benefits from various organizations to establish a structure for their clients' companies.

Credit Analyst

Credit analysts are involved with microeconomic analyses of individuals and businesses to advise creditors whether or not to loan funds to individuals or businesses. They analyze the market and industry trends, competitors, and factors within a region that might impact loan repayment. These analysts prepare reports and suggest appropriate interest rates for a given region in a given period.

Financial Analyst

Financial analysts analyze the finance of investment vehicles such as stocks, bonds, forex, and companies for the finance department of their clients. To do this, analysts require advanced quantitative skills. They use computer software and models in their analysis and create graphs and models in their reports.

Business Reporter

Business reporters research and broadcast stories on economics, business leaders, industry trends, financial markets, economic developments and more. They offer trending issues in economics for students and other stakeholders. The curiosity that economists have is vital in the success of industries. For reporters, the ability to present business news in an understandable language that readers can comprehend is critical.

Policy Analyst

These people work for or with the government. They research, analyze and interpret issues that affect the public, and suggest government intervention and legislation to curb the problems. Policy analysts are concerned with issues such as healthcare, energy, environment, agriculture, taxes, and international trade among others. For these analysts to convince legislators, they need to have stellar writing skills to represent their findings.

Lawyer

Lawyers are critical thinkers. They use their analytical skills to prepare cases and try them in court. Different areas in law including corporate law, tax, and personal injury require in-depth analysis. If a lawyer needs to represent a client who is suing for medical malpractice, they need to know how much the client will be paid in damages and this requires skills in research and analysis.

A lawyer needs to garner facts, present their findings in a way that convinces the judge and jury, and discredit the opposing attorney.

Management Consultant

These are analysts involved with researching problems facing business and coming up with appropriate solutions. New college graduates start with positions such as research analyst and junior consultant before moving on to positions such as management consultant.

Management consultants need to be good writers and public speakers. These skills will help them make good reports and present them to clients.

Economic Consultant

Economic consultants analyze economic trends to help companies, individuals and governments perform better. These consultants work in finance, business, healthcare, education and government among others. Consultants also act as witnesses in court cases involving property and damage assessment.