Researching, writing reports, and presenting are key aspects of a financial analyst's job. A financial analyst seeks out investment opportunities in the form of stocks, bonds, and other resources and reports those findings to businesses or individuals. Market research analysts use information related to the market and data trends to research and report on how the economy may affect the success of certain products or services.
Utilizing problem-solving and critical thinking skills, market research analysts present their findings and solutions to clients or companies. The statistical analysis and mathematical skills developed in a bachelor's in economics program prepare graduates to become actuaries.
Using these skills, actuaries predict the possibility of problems such as illness, death, and fires, usually for insurance companies. Graduates of bachelor's in economics programs learn the analysis and research skills necessary to become a management consultant. Analyzing the causes of business problems and presenting possible fixes to these problems is a major component of being a management consultant. Accountants oversee the financial accounts of businesses.
Along with managing the financial books, accountants prepare taxes and make sure companies follow financial protocols and best practices. Accountants can work for a variety of employers, including nonprofits, healthcare agencies, and international businesses.
Are all bachelor's in economics programs the same? The simple answer is no. When choosing a program, it is important to note that students can earn a bachelor of arts degree in economics or a bachelor of science degree in economics. Both prepare graduates for similar careers, but there are some differences.
A bachelor of arts degree in economics features a more qualitative focus and highlights the social implications that surround supply and demand and the economy. Alternatively, focusing more on quantitative economics, a bachelor of science in economics analyzes cause and effect in the economy by examining the math and statistics around it.
Prospective students also have the option to join a traditional in-person program or pursue their bachelor's in economics degree online. Some students prefer in-person instruction, while others may enjoy the added flexibility of an online program. When applying to a bachelor's in economics program, look at each school's application requirements. Although there aren't any special requirements for a bachelor's in economics program, it is important for applicants to highlight experiences that are relevant to the program.
For instance, applicants may include a letter of recommendation from a mathematics teacher. Earning a bachelor's degree in economics in a traditional program takes full-time students four years, with programs requiring at least credits. Credits include general electives and core requirements, as well as program-specific courses. Students' coursework may look different depending on whether they're pursuing a BA or a BS.
Prospective students interested in increased flexibility may find an online bachelor's in economics program to be a better fit. Some online programs offer accelerated tracks that allow students to graduate in less than four years.
Prospective students can cut costs by going to an in-state school or pursuing an online degree in economics from a school that offers in-state tuition prices for out-of-state distance learners. In the private sector, oil and gas or other utilities-based companies rely on economists to form and operationalize their business model, as do large financial institutions. Economists have a wide spectrum of pay. Economics is an ongoing conversation between differing worldviews and theories.
Only through the competition of rigorously peer-reviewed theories and studies can more perfect understandings of economics evolve. To this end, many economists join professional societies and engage with academic journals. If you want to eavesdrop on where the economic conversation is headed at this very moment, check out some of the resources below:.
The banking industry is in trouble. The record profits recently posted by some blue-chip players are illusory because they mask grim, extinction-level challenges ahead. While banking faces severe threats from skyrocketing costs, the sector also faces disruptive competition from aggressive Silicon Valley fintech firms that enjoy overwhelming cost and technology advantages.
Compelling arguments exist for joining local chapters of global, national, and regional professional organizations while students are still in business school. They permit students to immediately deliver highly marketable skills to an employer upon graduation, the value for which most employers will gladly pay handsome salaries. At some point during business school, many MBA students will have an opportunity to join a startup company, and some will even launch startups as founders.
For many students, launching a startup is the objective that drives their applications to business school. In the nascent years of online MBA programs, there was a clear hierarchy: on-campus programs were considered the premier option, while online programs were considered second-rate. Many business schools still have demographics in the student body and faculty that seem pulled from the previous century. In some cases, age comes with benefits.
And when applying for an MBA program, work experience matters a lot. Acceptance rates at top business schools can be higher for older professionals. B-School Search.
Select Your State - Outside of U. Select Your State:. Select Your Education Level:. Accounting vs. The Degree Explorer helps you plan for your future! Match your interests to university subjects and explore each recommendation to find out what suits you.
Our regular newsletters will give you the advice you need when you need it most. Join our mailing list to receive monthly newsletters from our TARGETcareers and Inspiring Futures teams to help you support your school leavers in their career and university decision making. Home Uni Degree subject guides Should I study economics at university?
Should I study economics at university? Save to save. Studying economics at university develops analytical thinking alongside a good understanding of current affairs and how society functions. It prepares you well for a wide range of careers, not only those that are finance-related. Economics degree entry requirements The grades you need to study economics vary widely depending on the university. Alternatively some universities ask for UCAS points often BA or BSc economics?
Economics degree modules Economics degrees begin with a broad introduction to the subject in your first year, and then allow you to specialise in the areas that interest you. The first year of most economics degrees features compulsory modules on: microeconomics — focusing on individuals or businesses within an economy macroeconomics — the study of whole industries or economies on a national or global scale the mathematical and statistical skills that economists need.
Optional modules in the middle and final years generally include some or all of the following topics: money, banking and finance trade and international relations industrial or labour economics poverty and inequality environmental economics business law and ethics marketing experimental or behavioural economics.
Should I do a work placement year? Economics degree skills An economics degree will equip you with many skills that are sought after by employers, whether or not you want a finance-related career. These include: thinking logically and critically the ability to simplify complex issues and extract the relevant pieces of information data analysis written and spoken communication problem-solving using your initiative time management commercial and cultural awareness teamwork and interpersonal skills research skills presentation skills.
Economics degree jobs A degree in economics or joint honours including economics is essential to become a professional economist. Economics graduates also commonly go into other finance careers such as: accountancy insurance banking tax investment management.
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