University is an exciting experience for local Australian students and international students.
Whether you're a local Australian student or an international student who has moved away from home for the first time you're sure to meet some amazing people!
Studying at university provides young people with the opportunity to develop life-changing skills including:
- learning how to be independent
- creating life long friendships
- discovering strengths in your chosen subject
One of the most popular courses at university is a bachelor degree in Economics, given that it's a course with plenty of career pathways, it's clear why so many students choose to study it!
With an undergraduate in economics, you will leave university with a set of easily transferable skills which will help make you a great asset in the workplace.
During your three to four years at university, while you study your Economics undergraduate course, you will develop strong professional skills including:
- communication skills
- analytical, economic and numerical skills
- problem-solving skills
- organisational skills
- critical thinking skills
Over each semester you will get the opportunity to study a diverse range of subjects, and learn about different economic models and financial management skills.
Your undergraduate course may lead you towards studying at a business school in the future, or some other form of postgraduate study.
In order to access all of the opportunities available to economics graduates you will have to aim for success during your university studies, why not consider tuition to help support your education and do the best you can do and impress future employers!
Working with your own tutor will help you target course subjects you might just need a little extra time going over. Finding a tutor who has studied Economics at university themselves can be a great way to learn study tips and find out the best exam techniques.
You can find the perfect economics tutor here with us at Superprof, our platform makes it simple to search for tutors in your area. You will be able to view their study program, level of experience, hourly rate and reviews left by past students!
Don't forget that you can also consider online economics lessons and learn from the comfort of your own home.
Career Opportunities in Economics
With a degree in economics, there are a few jobs that we're sure you've considered such as; economics teacher/tutor or simply an Economist!
Well, we're here to go over some of the less obvious career paths you could follow with an undergraduate degree in Economics.
Some other areas of work you could consider pursuing after university study which isn't uncommon for economics graduates to enter could include;
- Data Analyst
- Financial Analyst
- Finance Manager
- Statistician or Stockbroker
- Government Policy Advisor
Australia is a great place to choose to study for an economics degree.
Economics university graduates will expect to earn reasonably high salaries compared to other university graduates and work across a range of different industries.
You may find yourself interested in intersecting areas of work such as finance and journalism, with a degree in economics you could apply for entry-level jobs in this field and offer your specialised knowledge.
Accounting is another area where you may be able to apply for jobs and expand your professional skillset, whilst at the same time providing your workplace with your analytical and quantitative approach to problem-solving.
Employers across many different industries often seek out the experience that recently graduated economics students because the ability to; relate current events to economic and business-related issues, interpret economic data from multiple sources and analyse are highly valued in the workplace.
These adaptable skills are what many employers are looking for, this will certainly help your employability over time and help you work towards financial security.
If you are a recent high school graduate who loved Year 12 Business Studies, then you may want to explore which courses here in Australia could continue your education journey!
How to Find the Right Jobs as an Economics Graduate
As we've already mentioned, there are plenty of professional opportunities for you to pursue with your mathematical and financial know-how. Before you start to apply for jobs, have a think about whether you're interested in entering the private or public sectors.
Once you finish an undergraduate degree, you don't have to enter the workforce straight away. There is always the option to follow further study to enhance your qualifications.
Jobs in the Public Sector
If you aren't interested in working in the private sector one of the most common ways to enter the public sector when it comes to jobs related to economics is by working for bodies including:
- Federal or Local Government
- Local or Regional Council
- Non-Government Organisations
- Social Enterprises/Not-for-Profits
Working for bodies such as these is great for people who want to make a socially aware financial impact, you will get to work with some amazing people who are also interested in creating positive economic change and supporting effective policy writing.
Jobs in the Private Sector
Plenty of students also pursue graduate positions in the private sector, if you are a student who is more interested in the corporate side of Economics you may consider working in:
- Investment Banking
- Retail Banking
Other industries you may consider include; marketing, advertising and insurance.
Remember that you can utilise the career counselling programs available at your university, this may assist your decision making and help you weigh up all of your options. A university career counsellor will be able to help explore where you can take your qualifications professionally, and tidy up your resume and cover letter.
Postgraduate and Further Study
Once you complete your undergraduate degree at university, you may find yourself interested in taking your education even further by considering further studies such as an Honours degree, Masters degree or even PhD!
If your undergraduate studies was a Bachelor of Science or a Bachelor of Arts with a major in Economics then you would be eligible to apply for a Masters in Economics. Your university may offer a course to support this study pathway, or you may want to try out a different university.
Completing a Masters in Economics will allow you to progress towards a PhD, if that is something you're interested in especially if quantitative research and numbers in your thing! With a PhD in economics, you could enter work positions such as;
- University Professor
- University Lecturer
- Academic Program Supervisor
- High School Curriculum Advisor
- Government Economic Policy Advisor
Keep in mind that these positions can be very competitive, however, there are plenty of other career avenues for you to explore as we've detailed above. With an open mind, you're sure to find the right job for you where you will develop professionally and grow along with your career in economics.
Follow a Career Path in Economics
Now that we're reaching the end of this article you know that having a degree in Economics is a great way to kick start your career here in Australia. Analytical and numerical skills are highly valued skills which employers are sure to be impressed by.
You might not be able to land your dream job right away, but that doesn't mean you won't gain valuable skills by trying out a few different workplaces in your first few years out of university.
If you are a recent high school graduate and are feeling a bit lost when it comes to which Economics course to apply for, we're here to help. It can be handy to keep a few things in mind while you're researching which course is right for you.
Consider factors such as:
- Entry requirements
- ATAR score
- University rankings
- Career goals
- Scholarship options
- Full fee versus Commonwealth Supported Place
A big stress for year 12 students is not reaching their desired ATAR, yes this is important but also remember it's not the end of the world if you didn't get the ATAR score you need for your dream university.
There are plenty of alternative pathways to enter university study, and the option to transfer credit across to your desired course if you begin by completing an equivalent course at another university.
Finding a tutor with us here at Superprof could be a great way to help support your education and empower you to achieve your academic dreams. With a supportive tutor at your side, you will be able to find an economics course that works for you and do the best that you can do.
It can also be a good idea to research scholarships to check your eligibility, as this can help take away some of the financial pressure that comes with university study.
This will be especially helpful if you are currently an international student having to pay full university fees.
You could consider scholarship support for further study and as well as a study visa to remain here in Australia. There is also the option to make use of a social program at universities here in Australia to help international students connect with Australian students.
Some of our tutors will have experience working across a few industries, if you have recently completed high school it may be helpful to ask your tutor about which Economics course is right for you.
Whether you're a high school student preparing for your end of year exams and striving for that dream ATAR score, or a first year economics university student, get in touch with one of our amazing Economics tutors today!
Check out our other article all about alternative economics to discover a different side and gain new perspectives in the world of Economics.
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