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Career Choices for Economics Students. Jenny Keaveney Careers Advisory Service February 2009. What this session will cover: . Where to start What are your career options? What do you want from your career? Using your degree?

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Career choices for economics students l.jpg

Career Choices for Economics Students

Jenny Keaveney

Careers Advisory Service

February 2009


What this session will cover l.jpg
What this session will cover:

  • Where to start

  • What are your career options?

  • What do you want from your career?

  • Using your degree?

  • Relating your skills, interests and values to careers and jobs

  • How can the Careers Service help?


Where do i start l.jpg
Where do I start?

You could:

  • start from yourself and work out

  • start from your opportunities

    • for Economics graduates specifically or

    • for graduates in general

      and work back

  • Or, combine the two!


Starting with yourself l.jpg
Starting with yourself ….

  • Your interests

  • Your skills

  • Your values

  • Your personal circumstances

  • Any other factors


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Starting with your degree

  • What do Economics graduates do?

  • What careers will use your subject knowledge?

    BUT ….

  • There is more to you than your degree!


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Starting with your opportunities ..

  • One-third of advertised graduate jobs open to graduates in any subject

  • For example: advertising, accountancy, banking, marketing, personnel, public sector management,

  • Plus all the unadvertised graduate jobs!

  • Even more opportunities after experience and training


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STARTING

WITH

YOURSELF


Your interests l.jpg
Your interests

“I want something interesting”

  • What sort of things interest you?

    • your degree subject?

    • your leisure interests?

    • working in a particular way?

  • How important are these interests when other factors are taken into account?


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Your skills

Some of the skills which employers look for in graduates

  • Motivation & enthusiasm

  • Team working

  • Communication skills

  • Flexibility & adaptability

  • Initiative & self-reliance


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Your values

“Values are what gives purpose to a job in the eyes of the person who does it”

  • “I want to do something worthwhile .. “

  • “I want to earn a good salary”

  • “I want to be my own boss eventually”

    What motivates you?


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STARTING

WITH

YOUR

DEGREE


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What do Economics graduates do? (National statistics for 2007 graduates)

  • Employed 55%

  • Further study 13%

  • Working and studying 15%

  • Not available 6%

  • Seeking employment 6%

www.prospects.ac.uk/links/WDGD


What do economics graduates work as l.jpg
What do Economics graduates work as?

  • Business & Financial 47%

    • Accountants; financial and business analysts; brokers; economists; finance and investment advisers

  • Commercial, industrial and public sector managers 14%

  • Marketing, sales and advertising 5%

  • Others 34%

    • inc. teaching; surveying; police; marketing; IT; sports

National statistics for 2007 graduates: www.prospects.ac.uk/links/WDGD


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Some of the jobs obtained by 2007 Economics graduates from Kent University

  • Stock Market Trader

  • Associate – Merrill Lynch

  • Auditor – Audit Commission

  • Trainee CFA/Investment Coordinator – National Bank of Dubai

  • Trainee Chartered Accountant

  • Client Adviser – UBS

  • Charity Fundraiser

  • Cost Management Administrator – supply chain co.

  • Assistant Economist – HM Treasury


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Opportunities to work as an economist Kent University

  • Government Economic Service

  • Bank of England

  • Other public sector bodies

  • Consultancies

  • Banks

  • NGOs

NB - all but the first two will usually require or prefer a Masters degree


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Postgraduate study in Economics Kent University

  • Important if you hope to work as an economist, especially in consultancy or research

  • Offers advanced training in core theory, quantitative/econometric methods and research methods, plus opportunities to specialise

  • Available through taught courses or research


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Postgraduate study Kent Universityin other areas

  • A wide range of courses available in related areas, e.g. finance

  • Study for professional qualifications – often while working. Available in many career areas

  • Study a new subject – e.g. social work, IT, property, politics, law

  • See www.kent.ac.uk/careers/postgradmenu.htm or come to the talk on 18th February


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There is more to you Kent Universitythan your degree!

  • Many employers will recruit graduates from any degree background

  • Even where they do specify a particular degree subject or class, this is just the start!

  • It is the skills you can offer that will be the deciding factor for employers

  • and your own values and interests that will affect your decision


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STARTING Kent University

WITH

YOUR

OPPORTUNITIES


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Some of the options available Kent University

Management Consultancy

NHS Management

Personnel

Police

Public Relations

Publishing

Purchasing

Retail

Self-employment

Social Work

TEFL

Teaching

Tourism

Transport

Advertising

Armed Forces

Arts admin

Broadcasting

Central & Local Gov’t

Computing/IT

Finance

Guidance/Counselling

Journalism

Law

Library/Information work

Market research

Marketing/Sales


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Who do graduates want to work for? Kent University

Which of the following came top in the Times Top 100 survey last year?

4

1

7

10

5

6

8

Accenture? (management consultants)

PWC? (chartered accountants)

The BBC?

Goldman Sachs? (investment bank)

The NHS?

The Civil Service?

Aldi (retail)?

www.top100graduateemployers.com/top100.html


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Who DO graduates work for? Kent University

Roughly what percentage of graduate jobs are formal “graduate training programmes” with big recruiters?

  • 30%?

  • 50%?

  • 20%?

  • 40%?


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20% Kent University

Most graduates go into:

  • Jobs where they will be filling a specific vacancy

  • Jobs with small/medium sized employers

  • Jobs in the public sector

  • Short-term/temporary jobs


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Graduate jobs are changing … Kent University

  • “Traditional graduate jobs” include large company training schemes, the professions (law, accountancy, teaching etc)

  • “Newer graduate jobs” have emerged in the last 20 years. Many are administrative or specialist posts

  • Moving between employers to develop your career is now the norm


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Putting the two together .. Kent University

  • Relate your skills, interests and values to careers and jobs

  • Use computer guidance systems e.g. Prospects Planner

  • Look at job ads and job descriptions

  • Talk to people about their work and how they got their jobs

  • Use careers websites and the Careers Information Room

  • Get first-hand insight into careers of potential interest to you


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Getting an Insight Kent University

  • Summer Internships

    • IFS (Closing date 13th February)

    • Accountants

    • Banks

  • Other Work Experience

  • Volunteering

  • Networking


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Further Information Kent University– in print and in person

  • Careers Advisory Service booklet –

    “Choosing a Career”

  • AGCAS Booklet “Your Degree… What Next?” - sections on Choosing your Career and Graduate Careers

  • CAS Reference Files

  • Careers Advisers– for careers guidance interviews or “quick queries”

  • Alumni Careers Network and Careers Fair


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Further Information Kent University– on the web

  • Careers Advisory Service web pages “What Can I Do With an Economics Degree?” www.kent.ac.uk/careers/economics.htm

  • Prospects website

    • Options With Economics www.prospects.ac.uk/links/economdeg

      – “Where Do I Start?” www.prospects.ac.uk/links/wherestart


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Some final tips on choosing a career Kent University

  • Take time over your choice

  • Be realistic

  • Do the research

  • Make your own decision

  • Use the Careers Advisory Service

  • Start now!


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Choosing a Career Kent University

Careers Advisory Service

Opening hours: 9am - 5pm

Monday - Friday