Job Opportunities you can have with a Master in Economics

Wednesday, January 20, 2021

If you are considering pursuing a Master’s degree in Economics, you need to know what your future career will look like and the job opportunities you’ll have. Here is everything you need to know about Economics, what you’ll study, and the career path you can have. 

Choosing what to study at university is not an easy task. Even though when it comes to a Master’s degree we are a little bit more acquainted with the field and our interests and preferences, there are still many things to consider before choosing. One of the most important aspects for those looking for a master’s degree is the job opportunities this degree will provide the graduate with. 

If you are interested in pursuing a Master in Economics, you can be sure you’ll have plenty of job opportunities. 

First of all… What is Economics?

Economics is a multidisciplinary field that, based on politics, sociology, psychology and history, studies people’s behaviour, decisions and reactions when faced with adversities or beneficial situations. 

Economics is a field that is useful for professionals in all industries, not only business. Why? Because this is a discipline that studies the way in which individuals, groups and whole societies manage and use their resources. That is to say, economics is a social science that studies how people in general interact with value, more specifically, with production, distribution and consumption of goods and services over a period of time. 

“The building blocks of economics are the studies of labor and trade”, according to Investopedia. “Since there are many possible applications of human labor and many different ways to acquire resources, it is the task of economics to determine which methods yield the best results.”

Reasons why you should study a Master in Economics

Studying a Master in Economics will provide you with a set of skills, points of view and ways of thinking that will prepare you to find strategic and innovative solutions to any kind of problems.

If you decide to study a Master in Economics, many doors will open for you, since you’ll not only gain the skills that are necessary to understand complex markets, but you’ll also acquire strong analytical, critical and problem-solving skills that will come in handy when faced with difficulties. They will also allow you to work across many different industries, not just business, since this kind of professional is needed in any industry. 

Some of the job opportunities you can expect to have if you decide to pursue a Master in Economics are: Actuarial analyst, Chartered accountant, Compliance officer, Data analyst, Economist, External auditor, Financial risk analyst, Investment analyst, Political risk analyst, Risk manager, Statistician, Stockbroker, among others. 

You’ll be able to perform these roles in different institutions, including: 

  • Banks
  • Other Financial Services Companies (including insurance and accountancy firms)
  • Consultancies (this kind of institution is right for you if you’re looking for a role where you can apply your economic knowledge more directly)
  • Government Departments (particularly within the Civil Service or within the Government Economic Service, Financial Conduct Authority and HMRC)
  • International Organisations
  • Research Institutes

If you are interested in pursuing a Master in Economics, you can find all the universities that offer Economics degrees in the UK clicking here

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