Top Soft Skills To Boost Your Career As An Economist

Top Soft Skills To Boost Your Career As An Economist

By

Hard skills are abilities such as technical skills, programming, or factual knowledge, which can be tested and which generally form the basis for academic assessment. These skills are surely important for you to achieve your career goals. However, there are other important skills which aren't usually taught, but are just as vital for success. They are known as soft skills, and today we're considering some of the soft skills you'll need to distinguish yourself in a career in economics.

1.Communication skills

In order to really excel in your career, it's not enough for you to know lots of facts and to understand lots of complex ideas – you also have to be able to communicate this knowledge to others. You should work on your oral presentation skills as well as your written work, as you will be asked to present more often as you become more senior. You should also work on the ability to communicate with different audiences – academics, industry people, and lay people all need different approaches, and you should be able to adapt your information to a useful level for each audience. This is particularly true in economics, where there is a huge gulf between the average person's understanding and expert knowledge. Being able to clearly communicate important information to the public about recessions, global economics, and the long-term consequences of economic policies will help you to stand out in your field.

2.Teamwork

While academia can often promote a loan wolf approach to research, over your career it is vital for you to be able to work as part of team. You need to be able to take direction from a manager, to cooperate with colleagues, and to give support to more junior workers. This requires you to let go of your ego and to focus on getting the project complete, rather than focusing on what you want to do or what you think is the correct approach. “Difficult to work with” is not something that anyone wants in their reference, so put some effort into improving your teamwork skills.

3.Leadership

In addition to working in a team, over your career you will likely need to lead a team in order to be successful. Management is an extremely challenging field, which some people mistakenly believe is easy. Finding the right balance of giving clear instructions while being approachable for your team is tricky! You may also need to manage people from other fields like business, IT, or science, so you need to know how to reach people with these different backgrounds. There are a huge range of books, courses, and other materials on leadership skills, and even if leadership is not your ultimate career goal, it will be useful for you to study the basic principles.

4.People skills

Sometimes, very ambitious people can be dismissive of people skills. “I'm brilliant at what I do – why should bother to be nice to people?” But this is a mistake. Every work project and career opportunity is also an interpersonal interaction. Knowing how to speak to people, being able to deal with emotions, looking people in the eye, and making others feel comfortable are all essential skills to make your appear competent and professional. If you're unsure about how to work on your people skills, pick a friend or colleague who you find easy to talk to and observe them in their interactions. How do they talk to others, how do they stand, what do they not do? Try to model these behaviours to make yourself open and approachable, which will benefit you at every stage of your career.

 

5.Language skills

In an increasingly globalised world, language skills have never been more important. Especially if you are working on global economic topics, speaking more than one language can be a real boon to your career and make you stand out from the pack. Obviously, if you specialise in the economics of a particular geographic area, it's useful for you to speak the local language. But there are also languages which will be important for future economic development which everyone could benefit from learning – such as Cantonese, Spanish, Japanese, or Russian.

For job opportunities and more for economists, check out these articles:

>> 10 Most Useful Apps for Economics Students 

>> Top Finance Podcasts

>> Top Economics Podcasts

>> 30 Top Twitter Feeds in Economics and Finance