Top Career Paths: Public Economics and Economic Policy
If you're doing a degree in economics with a specialisation in public economics or economic policy, you might be thinking about what career you would eventually like to pursue. Here below are some of the top careers paths for graduates in this area. For a comprehensive list of available jobs check our jobs section.
Economist for a governmental advisory organisation
As part of a governmental advisory body, you can use your knowledge of economic policy to help the state in its economic planning and execution. Government projects typically involve working in large, interdisciplinary teams, and are often long-term, lasting years or more. For this reason, this kind of work is suited to people who are patient and able to grapple with complexity. If you derive satisfaction from getting things done, then this might be frustrating for you because of the long timescales involved. You'll also need solid communication skills to work alongside the other members of your team, whose expertise may be in a different area of economics or in another discipline altogether.
Policy advisor to a state representative
Similar to working for an advisory body, representatives such as members of parliament also need advising on economic policies. In Britain, for example, MPs are advised by the Civil Service. These jobs are hard to get and require you to work your way up through the ranks, but they have excellent stability and good benefits, so they are suited to someone who is looking for a long-term career and doesn't want to change jobs every few years.
Consultant
Outside of the civil service, plenty of state representatives will need advice on economic policy too. You could work as a consultant, consulting for decision makers such as city counsellors. This kind of work can be very rewarding as, unlike national policy, local policies can be put into place more quickly, and you can see the direct outcome of your work on a community. This kind of work requires the ability to explain complex economic systems and possible policy outcomes in a way which makes sense to non-economists.
Work for a think tank e.g. Economic Policy Institute
Think tanks promote approaches or advocate for policies, including in the area of economics. The Economic Policy Institute, for example, raises awareness about the needs of low-income workers in the US and how they are affected by economic policies. This work requires a thorough knowledge of economics, but also a commitment to the mission. For people who have strongly held moral principles about economic policy and care about actively working to promote those principles, working in a think tank is ideal. However, this type of work is often not well paid and the hours can be long, so you should be prepared for that. But if you are an activist by nature, then combining your passion with your economics knowledge can make you an excellent candidate for working in a think tank.
International organisations e.g. UN or The World Bank
Another option is working for a large international organisation which will have some interest in economic policy, such as the UN or the World Bank. This work will, like government work, often be long-term and slow in pace, and require you to work in an interdisciplinary team. It is suited to someone who is culturally sensitive and aware of cultural differences around the world. It can be good for those who like to travel to new places, as the work may include field trips or relocations to places around the world. This can be difficult for people who like to be settled or those who have a family but can be good for those who enjoy travelling to new places. It can also help to speak several languages for this kind of work.
For more careers advice for economists, as well as postings about jobs opportunities, study advice, and lots more, see our website at INOMICS.COM.
For lots more information for economics students and others, see these articles:
>> Top PhD jobs listed on INOMICS
>> Courses To Boost Your Job Market Prospects
>> 30 Top Twitter Feeds in Economics and Finance
>> What to Do With Your Economics Degree: Career Paths for An Economist
>> Top Economics Think Tanks and Research Institutes in the US
-
- insight
Effective Ways Economists Can Build a Personal Brand
Building a brand used to be just for companies and universities – but now a personal brand is something that every student and academic needs to work on. While many academics are hesitant to brand themselves too actively, you should remember that not working on your brand is in itself a kind of branding, and not a positive one. So you’re going to have to spend some time building your personal profile as a researcher – but there are some tips that can help to make this process smoother and more efficient. Here are effective ways economists can build a personal brand.
-
- insight
Recruitment for Academic Positions: Timing & Strategy
Applying for an academic job, like in most other professions, requires a long and sometimes exhausting process of applications and interviews. And like in every other profession, every applicant wants to be as efficient as possible and quickly succeed in getting his or her dream job with as little effort and fuss as possible.
-
- insight
The Top Career Paths in Environmental Economics
If you're a current economics student and you've chosen to specialise in environmental economics, then the good news is that there are a ton of job opportunities in this field. With the growing awareness of environmental issues and concern for sustainability, you can find work in all sorts of areas. But what are some of the specific jobs that you could do as an environmental economist? Today we're looking at possible career paths to give you some ideas about the kind of work which you might like to do once you graduate.
Also Interesting
Related Items
Upcoming Deadlines
- Jan 22, 2020
- Jan 28, 2020
- Jan 30, 2020
- Jan 31, 2020
- Jan 31, 2020
