List Of Career With Economics Degree In Finance And Economic

The economic activity attracts many people and a person having a vast Career With Economics Degree. But those who are preparing only to choose their profession in life often do not understand the features of specific activities too well. And therefore it is very important to properly understand the nuances of professions related to the economy.

List Of Career With Economics Degree In Finance And Economic

List of Career With Economics Degree

There are a number of Career With Economics Degree which relates to economics and finance that are considered the most popular.

Accountant

It is this position that deservedly opens the list of financial and economic professions. Despite all the changes that have taken place in recent years and frequent discussions about the uselessness of accounting activities, it is only becoming more significant. In addition to financial statements, this specialist is responsible for tax documentation. It is easy to understand that such activities cannot be seriously entrusted to any computers and the most advanced programs.

This does not mean, of course, that there is no place for information technology in accounting. On the contrary, people working in this area should be able to use a number of specific programs. Job descriptions of accountants are approved in each organization separately. But, one way or another, these specialists are constantly working with the primary financial documentation. On its basis, they compile comprehensive information materials, reports and statements.

Each new transaction for the purchase or sale of material assets by an enterprise does not take place without the participation of accounting personnel.

The accountant is also obliged:

  • deal with the obligations of the organization (and the obligations that anyone has before the organization – similarly);
  • keep payroll and other payments due to the personnel of the company according to law, according to internal documents or on any other legitimate basis;
  • issue certificates on the real level of wages to all employees upon their request;
  • participate in the inventory of property (if this changes its overall balance sheet composition, the value is reevaluated).

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Economist

The very name of this profession shows that it is included in the category of occupations related to the economy. Most people went for this Career With Economics Degree But it is important to understand that several specializations are hidden under one common name. An economist working in production is mainly concerned with balancing the material assets and financial resources of an organization. It takes into account the volume of raw materials, stock balances of products. And he makes sure that sales, production, delivery of new batches of raw materials occur rhythmically.

Another variety is the economist for labor and wages. If the accountant draws up documents for payroll, then the economist calculates who and how much has worked out during the reporting period. He makes sure that all necessary incentives and bonuses that the employee can apply for are added to the salary. This group of specializations also includes pricing economists. They are engaged in calculating the cost of finished products and services, calculate costs, also calculate the desired level of profit – and then draw conclusions about how much it should cost.

Still need to mention economists, analysts who:

  • plan economic projects for the near and distant future;
  • evaluate the degree of implementation of the initiated projects in practice;
  • evaluate the prospects of competitors and the chances of getting around them in one way or another;
  • determine how well the state of the organization, what are the causes of the situation and how to improve the state of affairs.

Financier

Career With Economics Degree

This is one of the highest paid professions, the best career with economics degree even among all occupations in the “financial world.” It is this specialist who performs large operations with financial flows. And it is not surprising, therefore, that he receives a serious reward.

First of all, for maintaining trade secrets, and for not being tempted to direct the financial flow into your own pocket. Financiers are engaged in lending, investment work and many other types of operations in the market, on the stock exchange.

This is not an economist or accountant in the usual sense. However, skills in both of these specializations are vital for fulfilling responsibilities. Higher education of a socio-economic profile is strictly necessary. It will certainly have to be supported by practical achievements in the field of financial management. This is one of the most practically-oriented professions where one cannot do without dry theory and mathematical models.

Bad is the financier who:

  • does not monitor the state of markets, including those related to its segment, international and national;
  • Will not be able to figure out the specifics of a particular market or investment in a matter of minutes;
  • hardly supports the competitiveness of promoted products;
  • it does not clearly understand how the banking sector works, how interest rates are determined in it;
  • fails to predict the likely actions of the financial authorities of any state in a particular situation.

Auditor

A similar profession is relatively young and deserves special attention. So called authorized people who are engaged in the audit of financial statements and other documents. But auditors are also involved in consultations. It is already extremely difficult to imagine modern economic practices without these people. 

There is a widespread myth that auditors conspire with the leaders of various organizations and help them hide their income. Of course, there are isolated cases of such a development of events. However, in general, the auditor, on the contrary, is a thunderstorm of dishonest officials. Auditing is very time consuming and responsible. And yet it is extremely interesting, because it allows you to get acquainted with the current state of the modern economy.

Auditors work in both the public and commercial sectors. They must be very careful, because the slightest mistake can turn into very unpleasant consequences. Even if it is admitted unintentionally. Deliberate mistakes are usually just a cover for scams or an instrument for their commission. Private auditors, unlike state ones , are primarily focused not on punishing those responsible, but on improving the state of documentation and reporting in the organization so that it does not suffer losses.

Most often, an audit is conducted at the location of the organization, because not only documents are important, but also live communication with employees.

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Financial analyst

A good financial analyst is, first of all, one who is guided by the existing market and who can make the decision most advantageous for the organization. This is an activity for diligent and thoughtful people. A penchant for math is also highly desirable. Not a single financial manipulation in any organization is complete without financial analysts. It is their opinion that is taken into account primarily in order to find out the actual amount of risks and the degree of danger in a particular case. It is generally accepted that this profession is from the category “man is a sign system”.

It is the analyst who can say whether the market offer will be profitable or an attempt to deal with it will result in failure. If you plan to invest in a specific project or to cooperate with a counterparty, or to strengthen your presence in any industry, again you will have to analyze the prospects. And even another higher education without analytical skills rarely allows you to make the right decision.

This activity is at the junction of financial disciplines, but special attention is paid to assessing the adequacy of expenses and verifying the accuracy of calculating probable incomes.

Also, analysts are busy:

  • preparation and evaluation of business plans;
  • preparation of recommendations on how to reduce risks;
  • assessment of the creditworthiness of borrowers (especially relevant for the bank);
  • forecasting general economic dynamics and industry processes.

Other Career With Economics Degree

Other Career With Economics Degree

This, of course, does not end the list of economic professions. Many dozens of them can be distinguished. And a number of specializations appeared only recently. In this area, for example, partially refers to the “technical writer.” He is engaged in documenting the usual procedures for solving typical problems in an organization. Economic and economic activities, of course, also have many “typical” components. Therefore, they can be optimized.

Other important specializations:

  • market risk analyst;
  • private equity analyst;
  • crisis management manager;
  • project manager (for him, of course, the practical financial side of the implementation of each project is important);
  • foreign economic activity manager;
  • venture investment portfolio manager;
  • specialist in the field of leasing;
  • tax consultant;
  • customs inspector.

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Demanded Economic specialties with higher education

Demanded Economic Specialties With Higher Education

The general list of specializations is important, of course. But even more significant may be the composition of professions, which are among the most popular in the labor market. Knowing them, it will be much more difficult to miss the target. And, of course, the activity of an accountant remains one of the attractive professions of the financial plan. Not without reason, even at the faculties of modern universities and institutes, such specialization is given much attention. Maximum income awaits “accountants in the singular.” But this is an option with very high employment and an extremely high level of responsibility. Beginners will have to work in a narrow area and do only the same type of operations. And nobody will entrust the most responsible matters to them. But even in such a situation, income may be relatively acceptable.

Of the professions already mentioned, an economist can also have a high income. First of all, this applies to those who are involved in forecasting the situation on the market or are engaged in a promising project. Another worth mentioning trader. The role of the stock market in the economy is growing steadily, and it is unlikely that any of the players in the world market will seriously consider an organization that is not represented there. Not to mention how profitable it is for a company to even have a separate sales department. Of course, the work of the specialists employed there is also paid well.

But without experience it will be very tight. Customs and freight brokers have the right to receive state accreditation. This admission will allow for private practice.

Still higher incomes can receive:

  • banking professionals;
  • marketers
  • tax inspectors;
  • business consultants;
  • economic engineers.

Promising areas without higher education in Economics

Promising Areas Without Higher Education In Economics

You can work as a customs broker even after 11th grade. Potentially, even after 9th grade. It is only necessary to undergo training in a good educational institution of the appropriate level. It is also provided by some colleges and training centers. True, you have to choose very carefully. The slightest mistake – and hopes for good earnings in the field of customs circulation will collapse.

But there are far more chances to become an economist with secondary education. Other options are a financial consultant and an insurance agent.

Insurance today is becoming more relevant, and the state is making efforts to distribute it. A worthy conclusion to the general list will be the profession of a merchandiser.

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