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If you enjoy researching and analyzing economic issues and their related data using math and statistics, and if you enjoy making forecasts, designing policies and advising others through reports and presentations, then working as an economist might be an ideal career choice for you.
The educational commitment for becoming an economist is extensive; many jobs in the field require a master's degree or PhD. As a result, it can take anywhere from four to twelve years to complete your schooling.
What can you do with an economics degree?Economist.Financial risk analyst.Data analyst.Financial planner.Accountant.Economic researcher.Financial consultant.Investment analyst.More items...
A master's degree or Ph. D. is required for most economist jobs. Positions in business, research, or international organizations often require a combination of graduate education and work experience. In addition, courses that introduce students to statistical analysis software are helpful.
Employment of economists is projected to grow 6 percent from 2016 to 2026, about as fast as the average for all occupations. Businesses and organizations across many industries use economic analysis and quantitative methods to analyze and forecast business, sales, and other economic trends.
Step-by-Step Guide to Becoming an EconomistStep One: Earn a Bachelor's Degree (Four Years)Step Two: Research Internship Opportunities (One to Two Years, Optional)Step Three: Pursue a Master's Degree (Two Years)Step Four: Gain Work Experience (Timeline Varies)Step Five: Consider a PhD (Four to Seven Years, Optional)More items...
Employment is projected to increase by 11.9 million jobs from 2020 to 2030. Employment is projected to grow from 153.5 million to 165.4 million jobs from 2020 to 2030. Pandemic recovery and growth in healthcare-related occupations are expected to account for a large share of projected job growth.
You are likely to require an undergraduate degree in economics or a related subject, such as statistics, mathematics, business studies or finance and accounting. Some employers may require you to hold a postgraduate master's degree in economics.
Job Outlook Employment of economists is projected to grow 13 percent from 2020 to 2030, faster than the average for all occupations. About 1,600 openings for economists are projected each year, on average, over the decade.
Here's how you can become an economist, in five steps:Earn a bachelor's degree.Seek internship opportunities.Earn a master's degree.Find work opportunities.Consider earning a doctoral degree.Hone your skills.Stay current.Seek professional development opportunities.More items...?