Economics - A Career Overview

It is important to understand that employers hire people, not degrees. The skills and knowledge you develop as a result of your education, as well as in your work and community activities, have the greatest impact on hiring decisions. Listed below are some specific knowledge and transferable skills you will acquire as a result of your university education and your focus on Economics.

Specific Knowledge Skills

  • Analyze factors which determine growth and advise on policies to utilize this information
  • Conduct research and develop models to identify patterns and forecast trends
  • Understand the goals and inter-relationships of government, private and non-profit organizations
  • Knowledge of how resources, such as labour, land, raw materials and wealth are distributed and the ability to analyze, predict and recommend the best allocation of resources
  • Represent information and data in a variety of forms including charts, graphs and tables
  • Design methods of data collection, such as surveys, and gather, analyze and interpret results
  • Assess supply and demand to determine market potential and prepare for future trends
  • Apply complex theories to real-life situations, defining and solving problems

Valuable Transferable Skills

Information-gathering and Communication Skills

  • The skills required to identify and access a wide range of relevant information and resources
  • The ability to compile and organize facts and information and to comprehend and apply new and/or unfamiliar information to different situations and settings
  • Skills in preparing interesting, creative and informative presentations which target diverse audiences
  • The ability to develop attractive/effective reports, presentations and materials using current technology

Thinking, Planning and Organizational Skills

  • The ability to learn, understand and interpret information and apply knowledge to new situations
  • The ability to set priorities, meet deadlines and effectively plan/manage time, data and resources
  • Problem-solving skills and the ability to make well-reasoned decisions, think creatively and search for, identify and consider all sides of an issue
  • Skills to effectively analyze and interpret a wide range of information and data to discuss, support and/or reject ideas, opinions, reports, theories and proposals

Teamwork and Management Skills

  • Skills enabling you to work effectively as part of a team by identifying your role and contributing, through leading, teaching, motivating and/or encouraging others, to the success of the team
  • An understanding of how to successfully identify, plan and contribute to the goals of a project
  • The ability to oversee, supervise and/or contribute to a project from beginning to end including determining outcomes, planning details, making decisions, assigning roles and completing task

Career Options (Samples Only. Additional education, training or experience may be required.)

Accountant/Auditor
Actuary
Admissions/Financial Officer
Advertising Media Planner
Assistant Brand Manager
Bank Examiner/Trust Officer
Brand Research Analyst
Business Consultant
Business Forecaster
Claims Adjuster
Commodity/Industry Analyst
Compensation & Benefits
Consumer Affairs Director
Controller
Demographer/Pollster
Economic Developer
Economist
Financial Planner
Financial Reporter
Financial Researcher/Analyst
Forensic Accountant
Information Systems Manager
Insurance Agent/Broker
Insurance Underwriter
Internal Bank Auditor
Investment Banking Analyst
Labour Relations Researcher
Lawyer/Paralegal
Loan/Mortgage Officer
Lobbying Researcher
Management Consultant
Market Research Analyst
Medial Buyer
Money Market Manager
Pension Plan Administrator
Pricing Analyst
Product Marketing Specialist
Production Manager
Property Manager
Public Affairs Co-ordinator
Public Policy Analyst
Purchaser
Quality Assurance
Real Estate Development
Retail Analyst
Securities Trader
Statistician/Sports Statistician
Stockbroker/Trader
Technical Analyst
Telecommunications Analyst
Traffic Administrator
Underwriter
Urban Planner

Potential Employers

Banks/Financial Institutions
Brokerage Firms
Consulting Firms
Credit Unions
Developers
Educational Institutions
Global Trade Organizations
Government
Hospitals
Import/Export Businesses
Insurance Companies
Manufacturers
Market Research Companies
Municipalities
Newspapers/Magazines
Real Estate Companies
Retail Stores
Statistical Research Firms
Stock Brokers/Exchange

Websites

Canadian Economics Association - economics.ca
Economic Developers Association of Canada - edac.ca
Canadian Women Economists Network - yorku.ca/cwen
Canadian Association for Business Economics - cabe.ca
Canadian Bankers Association - cba.ca
The Financial Advisors Association of Canada - advocis.ca
The Investment Funds Institute of Canada - ific.ca
Treasury Management Association of Canada - tmac-toronto.ca
Be An Actuary - BeAnActuary.org
Statistical Society of Canada - ssc.ca
Global Association of Risk Professionals - garp.com
Canadian Securities Institute - csi.ca


Are you interested in learning first hand about the careers our alumni have successfully pursued? Connect with Laurier alumni through the Alumni Sharing Knowledge (ASK) program. Participating alumni represent a variety of disciplines, careers and industries.

In addition, the Career Centre has compiled Career Profiles from Laurier alumni. Read about their career paths and how their experiences have led them to their current roles.
 


This resource is available at the Career Resource Centre.

© 2019 Wilfrid Laurier University - Orbis Career / Co-op Portal Professional v3