Career Paths of a Degree in Economics

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Career paths of a degree in Economics 1. The economics degree, unlike an accounting or an engineering degree, is a general degree intended to teach problem solving as well as basic economic principles. 2. Training in economics gives you skills that are useful in a variety of settings, because economic issues are important in virtually every occupation. 3. The economics degree is flexible, that is, there are many career paths available to economics majors. 4. Economist work is essentially interpretive and analytical in natural, with an increasing emphasis on analyzing and comparing data from other economies as well as Canada’s economy, and on evaluating the costs and benefits associated with alternative courses of action. 5. Economists need the following characteristics: Strong mathematical, statistical and analytical skills An interest in current affairs An above-average ability to use plain language to express complex ideas, in person and on paper. 6. A Master of Arts (MA) degree in economics is usually necessary for anyone interested in a career as a professional economist. 7. Economists work in many sectors of the economy but are usually employed by: Large organizations in finance, business and industry, Universities and colleges, Municipal, provincial and federal governments and crown corporations Private consulting firms Large international organizations such as the World Bank and the IMF 8. Economists are part of the larger “Economists and Economic Policy Researchers and Analysts” occupational group. 9. Be prepared; you will soon find that no degree on its own is enough to get you a job. 10. What skills will I develop studying economics? 1) Problem analysis and reasoning Analyze problems and strategize options Intellectual capacity to learn and think critically Capability to relate theory to practice

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