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Published by Afterschool.my on Oct 02, 2020, 05:09 pm
Have you second guessed a Degree in Economics because of the stigma describing economics of being selfish beings? Well, lawyers are labelled as liars and law manipulators, so your gifts of understanding supply and demand should not be buried within as there is an avalanche of opportunities awaiting you in the future.
Here are five careers that you can pursue with an economic degree and no it does not involve any selfishness but good skill put to good use.
Market Research Analyst
The market research analyst monitors industry trends and gain knowledge to assess how services or products might fare under various economic structure. They are equipped to gather and analyze data and design studies. Their skill is to quantify results and present the data to clients. According to the Bureau of Labor Statistics (BLS) it is estimated that a market research analyst’s median annual salary was $63,790. The Bureau of Labor Statistics also predicted that market research analyst employment will increase by 20% from 2018 to 2028.
Average Monthly Salary (Entry-Level): RM3,700/month
Highest Potential Salary (Senior Level): RM61,200/year
Actuaries administer advanced mathematical and statistical skills to decide the probability of events like illnesses, deaths, fires and business failures. They need to observe and consider a huge number of variables during the process of risk analyzing profiles to determine a structure that is profitable for insurance policies. Actuaries depend on software to assist with their analyses. They design graphs and charts to convey their decisions to management team members. The Bureau of Labor Statistics suggest that that jobs for actuaries will grow at the much-faster-than-average rate of 20% through 2028.
Average Monthly Salary (Entry-Level): RM2,200/month
Highest Potential Salary (Senior Level): RM57,600/year
The credit analysts carry out microeconomic analysis of high probability clients to measure the risks related with loaning funds to other business. They take into consideration the economic trends and variables impacting the industries, competitors of prospective clients, and the region. The analysts provide reports detailing their findings and suggest interest rates that are fitting to the clients’ risk profiles
Average Monthly Salary (Entry-Level): RM3,600/month
Highest Potential Salary (Senior Level): RM55,200/year
Financial analysts conducts research on an array of factors namely bonds, stocks, companies, industries and various investment vehicles for finance departments. An analyst needs an advanced quantitative skills. The analysts use models and computer software to assist their analysis. They provide written report and presentations for clients and colleagues who controls the final decisions about mergers/acquisition and stock/bond offerings.
Average Monthly Salary (Entry-Level): RM6,400/month
Highest Potential Salary (Senior Level): RM80,400/year
Business or Economics reporters research write, reports and broadcast economic-centric stories like business leaders, companies, economic developments, industry trend, stock markets and financial markets. Business writers are gifted because it is a major skill to write economic issues and jargons in layman terms to ensure the average readers could grasp the points.
Average Monthly Salary (Entry-Level): RM2,600/month
Highest Potential Salary (Senior Level): RM60,400/year
The career options above are clear example that a Degree in Economics is a doorway towards building the skillsets you possess in economics.
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