Peter writes: The Government Economic Service, the Bank of England, other financial institutions and large firms are all major employers of economists. Some economics graduates choose to use their skills in other occupations. According to the "Prospects" website, more than 20% of economics graduates going straight into employment become business and finance professionals, and 17% become commercial, industrial or public sector managers. Almost 18% go on to further studies or training of some sort.
Rebecca writes: Very! The skills that students learn while studying Economics make them some of the most sought after graduates in the country. Also, because economists are needed in so many different fields it is not difficult to find employment in an area that specifically suits your interests and strengths.
Peter writes: On most degree programmes, you will develop your learning, communication and self-management skills. Economics also helps you to develop problem-solving skills, and encourages you to become adept in numeracy, IT and the use of statistical methods. There may also be opportunities to foster team-working skills. The awareness of opportunity cost and the ability to interpret statistical evidence are especially important skills developed in the typical Economics programme.
John writes: On successful completion of your undergraduate studies, you will be awarded a bachelors degree. This will normally be either a BSc (bachelor of science), BA (bachelor of arts), BSc (Econ) or BA (Econ). Most bachelors degrees in economics (as in other subjects) are honours degrees and are graded as either first, upper second, lower second or third class. In England and Wales, honours degrees are normally three years, unless there is a placement year included, in which case they are four years. In Scotland honours degrees are four years. The subject or subjects you studied will normally be included in the title of the degree. Thus if you studied for a BA joint honours degree in Economics and Politics, your degree would be titled BA (hons.) in Economics and Politics.
Peter writes: Your lifetime earnings will depend on a range of factors, including your own talents and abilities. However, economic analysis tells us that occupation is important. Studying economics not only prepares you for employment in some of the better-paid occupations, it also enables you to put into perspective other factors that will determine your lifetime earnings.