Download What career options are open to you with an economics minor?

5/23/2017
What career options are open to
you with an economics minor?
Evelyn Anderson
ACU
Will a minor in economics
give me a competitive
advantage in the job market?
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Irrespective of which major you have chosen (Human
Resource Management, Marketing, International Business,
Informatics), a minor in economics will only enhance your
job prospect, for economics is considered to be the
progenitor of all business disciplines. Industries that
require a good knowledge of economics, such as the
banking and finance industry, are significant consumers of
IT, therefore Informatics students should find knowledge
of economics a feather in their cap, and they are being
sought after by banks, mutual funds and government
departments such as the Treasury and the ABS.
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Options
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Teaching
Marketing
Strategic Management
Public Relations
Finance Industry (Financial planner, consultant,
analyst, stockbroking, journalism)
Government
Be your own boss!
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Teaching
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Economics is the only discipline among the
business majors offered at ACU to enable
you to teach at high schools.
You will need a diploma (one year in
duration) to qualify for teaching.
The employment rate for ACU teaching
graduates is one of the highest in Australia.
(96%)
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Public Relations
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You will find that knowledge of economics
will enable you to go to the top of your
chosen fields of specialisation, such as
marketing, human resource management
and public relations.
Example
http://www.stratcom.com.au
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Finance Industry
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The Australian finance industry contributes
6.4% of GDP, and employs 300,000 people.
It is worth A$38,400 billion in 1999.
Funds under management have grown to
A$588.6 billion.
The finance industry employs many
economists to work as financial planners,
stockbrokers, analysts and consultants.
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Financial Planners
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Associate of FPA - This qualification may be
granted to applicants who have completed the first
unit of the Diploma of Financial Planning (DFP)
Certified Financial Planner - is the highest
designation offered by the FPA. You will need to
complete a DFP (8 units) to obtain this
qualification.
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Financial planners are well remunerated.
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Analysts
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You will generally need to pass the CFA
(certified Financial Analysts) exam to
qualify.
Financial analysts can be paid in excess of
A$200,000 p.a.
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Government
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Many government departments employ
economics graduates, the Reserve Bank of
Australia, and the Treasury, just to name a
few. IT professionals may find a minor in
economics help build their competitive
advantage, for the banking and finance
industry and the government are major
economics-oriented consumers of computer
technology.
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