You’re considering a new career in economics. How can you be sure it’s the right choice?

If you think about economics, for many people, stock charts, curves and financial news come to mind. But in my opinion, it's a fascinating universe that delves into the complex interplay between how people behave and the factors that influence the world around us. The field of economics is constantly developing. New technologies, shifting populations, and unexpected occurrences all contribute to a dynamic world. This constant shift fascinates me. Hence, If you're curious, I would suggest to explore introductory online courses to gain initial insights. However, self-awareness is crucial. Evaluate your interest in the core skills needed for a career in economics, such as analytical thinking, data analysis, and problem-solving.

Creio ser urgente come?ar a transitar pela Ciência de Dados, na importancia de dominar esta área. O início de estudos de modelos matemáticos, para melhor ilustrar a economia, também devem ser encarados, como destaque aos modelos DGSE.

consider talking to professionals in the field, seeking informational interviews, or even pursuing internships or volunteer opportunities to gain firsthand experience and insights into what a career in economics entails. This can help you gauge whether it's the right fit for you based on your experiences and interactions within the field.

Reflect on your passion for analyzing and solving complex problems. Evaluate your interest in economic theories and their real-world applications. Seek experiences through internships or projects to gauge your engagement and satisfaction. Consider your aptitude for quantitative analysis and research. Ultimately, ensuring alignment with your interests, skills, and values confirms economics as the right path for your career aspirations.

Choosing a new career in economics requires careful consideration. Start by assessing your interest in economic theories, data analysis, and their applications to real-world issues. Research the field extensively, including potential career paths, job outlook, and required skills. Networking with professionals already working in economics can provide valuable insights into the day-to-day realities of the profession. Consider seeking informational interviews or shadowing opportunities. Evaluate your strengths and how they align with the demands of the field. Reflect on your long-term career goals and how a shift to economics aligns with them. Taking an introductory course or attending economics workshops can also help gauge your interest.

In my experience, when I was considering a career in economics, I reflected on my skills in maths and data analysis, as well as my ability to communicate complex ideas clearly and concisely. This gave me confidence that I could thrive in an economic environment, where data analysis and communication are key to success. Therefore, by assessing your skills and strengths, you can make a more informed decision about whether a career in economics is the right choice for you, based on your capabilities and potential to excel in the field.

1. Analytical skills 2. Quantitative skills 3. Problem-solving abilities 4. Critical thinking 5. Communication skills 6. Research skills 7. Attention to detail 8. Interdisciplinary knowledge 9. Ethical awareness It's not necessarily required to be proficient in every one of these areas when starting in the field of economics, even if having a solid foundation in them is advantageous. It takes time and experience to develop these abilities, but over time, people may progressively hone and polish them. But as you advance in your profession, having a basic grasp and a willingness to study and develop in these areas will greatly increase your effectiveness and success in the subject of economics.

Being familiar and the niche interest in Maths and have ability to play with data seems one to became yourself beyond boundary.

Skills and strengths: Do you have strong analytical skills, critical thinking abilities, and a knack for problem-solving, which are essential in the field of economics?

La capacidad de conectar diferentes fuerzas en un todo es algo que está detrás del pensamiento económico. Es decir cuando se analiza un evento si bien las matemáticas y ciencia de datos son herramientas cruciales, de fondo debo poder ver la conexión entre las diferentes variables.

An excellent start towards building your mathematical skills heading into a PhD degree in Quantitative Modeling should include managerial statistics, linear regression, forecasting methodologies, understanding forward curve analysis, and basic simulations like Matlab. My early start included modeling using SAS programming which helped understand what variables were good predictors and which ones may increase the R2 (Pearson Coefficient) but didn't make the forecasts any better. This is the Durbin Watson measure of the effectiveness (significance) of each variable in the forecast. Forecasting investment decisions for projects includes both input and raw material prices and the market price for the finished products and volatilities.

consider obtaining certifications or licenses that may be relevant to your chosen career path within economics, such as Chartered Financial Analyst (CFA), Certified Economic Development (CEcD), or Professional Researcher Certification (PRC), depending on your specific interests and goals. These credentials can enhance your credibility and competitiveness in the job market.

Economía tiene un rango muy amplio por eso considero que es necesario una formación básica que cubra las áreas mas relevantes para luego ir tomando cursos y certificados más especializados

To determine whether economics is the right profession for you, consider your interest in economic theories, strong analytical and mathematical skills, and excellent communication qualities. Obtain a bachelor's degree in economics or a similar discipline, participate in internships and research projects, and seek higher degrees such as a master's or Ph.D. to specialize and develop your career in economics.

Education and qualifications: Assess if you are willing to invest the time and effort into obtaining the necessary education and qualifications, such as a degree in economics or related fields.

Financial Institutions: Economists in banks, investment firms, and financial institutions analyze economic data and trends to inform investment strategies, risk management decisions, and financial market forecasts. Academia: Pursuing a career in academia, you can become a professor or researcher at universities and colleges, conducting original research, teaching economics courses, and mentoring students pursuing degrees in economics.

In my opinion, economists always play an indirect but crucial role in all sectors. During a discussion with my global business management course professor, I realized that there are various career opportunities out there for an economics enthusiast. One such career option which I felt highly fascinating and impactful was to serve as Trade policy analyst in UN related organization like World Trade Organization in particular, or any other international institutions in general. Policy making and analysis, consulting, and banks, or other financial institutions are areas that can provide huge work opportunities, thereby allowing us to contribute to their missions of reducing poverty, ensuring economic stability, and promoting social justice.

Think about pursuing a career in academics, financial analysis, policy analysis, consultancy, or economic research. Examine opportunities in universities, research groups, financial institutions, consulting businesses, and government agencies. Make educated judgments about your career in economics by keeping up with industry trends, technology changes, and global economic events.

Career outlook: Research the job market for economists and consider the demand for professionals in this field. Look into potential job opportunities and growth prospects.

The following is a list of things to think about while thinking about the prospects and difficulties of a career in economics: Challenges: 1. Navigating complex economic theories and policies 2. Examining enormous volumes of data and figuring out economic indicators 3. Dealing with societal problems including unemployment, inequality, and market volatility Opportunities: 1. Developing economic strategy and influencing policy 2. Researching issues to help companies and decision-makers 3. Examining several job options in international organizations, academia, government, consultancy, and finance.

The pay is something else one considers, if a job satisfies all the other things, but it can't pay the bills then one should reconsider to something that pays fairly well and provides a bit of the other factors