Bachelor in Economics

Bachelor in Economics

Economics is a diverse field that provides individuals with a multidisciplinary education. Students learn how to recognise, analyze and rectify a number of economic issues. Such abilities are needed and can be utilised in several different industries. These factors make the job prospect for this degree both lucrative and exciting.

What is a Bachelor in Economics?

A Bachelor in Economics takes an in-depth look at the principals of economics and their applications. After completing this programme graduates are prepared to function as professional economists within different industries. To accomplish this, most programmes focus on a few key concepts:

  • Macroeconomic theory
  • Microeconomic theory
  • Problem solving
  • Quantitative theory and tools
  • Statistical and analytical techniques
  • Communications

Along with studying the mentioned concepts, some institutions may provide concentrations that take a deeper look at certain concepts within the realm of economics. Depending upon the institution and the set up of the programme, students may also be required to complete internships.

What Are the Benefits of Earning a Bachelor in Economics?

A Bachelor in Economics helps individuals to develop cross-functional skills that may be applied in a variety of positions. This helps to expand the job market for graduates. They can expect to secure quality positions, as well as transition to other positions within various industries.

Along with the degree-specific benefits, there are certain advantages to securing a Bachelor's degree in general.

  • Greater pay - Studies have shown that on average individuals with undergraduate degrees receive higher pay than those with a high school level education.
  • Increased satisfaction - Many quality entry-level positions now require that applicants have at least a Bachelor’s degree. Therefore, those without the degree do not qualify, helping to narrow down the job pool.
  • Advancement - If individuals desire to pursue graduate studies, having a Bachelor’s degree could be mandatory. It can also be essential in moving up the corporate ladder and advancing in a professional capacity.

These are just a few of the main benefits of obtaining this degree. Depending upon the jobs graduates take, and companies they choose to work for, there may be other benefits.

What Kind of Career Can You Expect With a Bachelor in Economics?

There are a number of opportunities available for individuals who obtain a Bachelor in Economics. Some of the most common career choices that graduates often pursue include:

  • Economist
  • Financial Manager or Analyst
  • Policy Analyst
  • And more

Such positions can be found in different sectors and industries, including the government, insurance, non-profit organizations and corporations. As you can see, many of the possible career options do not state “economics” in their title. However, those positions utilise the skills that individuals hone through their economic studies, such as research and analysis, risk management, finance and economics itself. These skills are often used in different fields, such as:

  • Marketing
  • Sales
  • Communications

There are a few other paths that individuals may consider. Those with a knack for education may consider becoming teachers, professors or administrators. Graduates who are business savvy could start their own consulting firms or companies. Considering the multi-disciplinary aspects of this degree, the career opportunities are virtually endless.

As you weigh your options for your future career, consider pursuing a Bachelor in Economics. It could lead to an enjoyable and lucrative career.