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You’re starting a new economics job. How can you build resilience to overcome challenges?

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You’ve landed a new economics job. Congratulations! Whether you’re a fresh graduate, a seasoned professional, or a career changer, starting a new role can be both exciting and daunting. You’ll face new tasks, expectations, and challenges that will test your skills, knowledge, and resilience. How can you cope with the inevitable stress and uncertainty, and thrive in your new position? Here are some tips to help you build resilience and overcome challenges in your new economics job.

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Arka Kanungo, LSSGB?, MCIHT, AITP, MCoA

Consultant - Transport & Trade Facilitation, ADB | International Cooperation Division, Ministry of Road Transport &…
Shreyansh S.

Associate Partner at Shree Legal Associate || Head Editor & Founder at LAWLOVELEGAL || Experienced in Commission Sales…
Vitor Hoffmann

Project manager, Financial analyst, Logistics analyst, Martial artist

1 Assess your strengths and weaknesses

One of the first steps to building resilience is to know yourself. What are your core competencies, skills, and interests in economics? What are the areas that you need to improve or learn more about? How do you handle feedback, criticism, and failure? By assessing your strengths and weaknesses, you can identify your goals, priorities, and gaps in your new job. You can also seek opportunities to leverage your strengths and address your weaknesses, such as taking courses, attending workshops, or finding mentors.

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Shreyansh S.

Associate Partner at Shree Legal Associate || Head Editor & Founder at LAWLOVELEGAL || Experienced in Commission Sales || Passionate Blogger || LLB & LLM in Constitutional & Administrative Law ||
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To build resilience in a new economics job: 1. Embrace a growth mindset: View challenges as opportunities for learning and growth rather than setbacks. 2. Establish a support network: Connect with colleagues, mentors, and industry peers to seek advice and perspective. 3. Practice self-care: Prioritize physical health, mental well-being, and work-life balance to maintain resilience. 4. Set realistic goals: Break down tasks into manageable steps and celebrate progress to stay motivated. 5. Learn from setbacks: Analyze mistakes or setbacks as opportunities for improvement and adjust strategies accordingly.

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2 Embrace uncertainty and change

Another key aspect of resilience is the ability to adapt to uncertainty and change. In economics, you’ll encounter complex and dynamic problems that require constant analysis, evaluation, and innovation. You’ll also face changing policies, markets, and data that will affect your work and decisions. Rather than resisting or fearing uncertainty and change, embrace them as opportunities to learn, grow, and challenge yourself. Be flexible, curious, and open-minded, and seek feedback and support from your colleagues, managers, and peers.

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Vitor Hoffmann

Project manager, Financial analyst, Logistics analyst, Martial artist
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In economics, adaptability to uncertainty and change is paramount. Complex problems demand continual analysis, evaluation, and innovation. Policies, markets, and data evolve, shaping decisions. Embrace uncertainty as a chance to learn and grow. Stay flexible, curious, and open-minded. Seek feedback and support from colleagues, managers, and peers to navigate challenges effectively.

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3 Develop a growth mindset

A growth mindset is the belief that you can improve your abilities and outcomes through effort, feedback, and learning. A growth mindset helps you build resilience by fostering a positive attitude towards challenges, setbacks, and failures. Instead of seeing them as threats or limitations, you see them as chances to improve and develop your skills and knowledge in economics. You also avoid comparing yourself to others or judging yourself by fixed standards. Instead, you focus on your own progress and potential.

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Vitor Hoffmann

Project manager, Financial analyst, Logistics analyst, Martial artist
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In an economics job, a growth mindset is essential. It's the belief that through effort, feedback, and learning, you can enhance your skills and outcomes. This mindset fosters resilience by encouraging a positive approach to challenges and setbacks. Instead of seeing them as barriers, you view them as chances to improve your understanding and abilities in economics. You prioritize your progress and potential, steering clear of comparisons and rigid standards.

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4 Manage your stress and emotions

Stress and emotions are inevitable in any job, especially in economics, where you may face high-pressure situations, tight deadlines, and conflicting opinions. However, too much stress and negative emotions can harm your resilience, performance, and well-being. Therefore, it’s important to manage your stress and emotions effectively. You can do this by practicing self-care, such as getting enough sleep, exercise, and nutrition, and by engaging in relaxing activities, such as meditation, hobbies, or socializing. You can also use coping strategies, such as reframing, problem-solving, or seeking help, to deal with difficult emotions and situations.

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5 Celebrate your achievements and successes

Finally, building resilience also involves recognizing and celebrating your achievements and successes in your new economics job. No matter how big or small, every accomplishment deserves acknowledgment and appreciation. Celebrating your achievements and successes can boost your confidence, motivation, and satisfaction. It can also help you acknowledge the efforts and contributions of others who supported you along the way. You can celebrate your achievements and successes by rewarding yourself, sharing them with others, or keeping a record of them.

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Arka Kanungo, LSSGB?, MCIHT, AITP, MCoA

Consultant - Transport & Trade Facilitation, ADB | International Cooperation Division, Ministry of Road Transport & Highways (MoRTH), Govt. of India | LinkedIn Top Voice ?? - Transportation, Economics & Logistics
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Starting a new economics job necessitates building resilience to navigate challenges effectively. a. Cultivating a growth mindset fosters adaptability and willingness to learn from setbacks, enabling professional development. b. Establishing strong networks within the organisation/industry provides support and access to diverse perspectives, facilitating problem-solving and resource sharing. c. Prioritising self-care practices like time management and stress management fosters mental and emotional well-being, enhancing resilience in demanding situations. Instance: > Embracing a growth mindset exemplified by economist Angela Duckworth's dedication to learning and perseverance, enables one to navigate unfamiliar challenges with resilience.

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Shrutika Saxena

Finance Professional | 13+ Years Experience | ACCA Pursuing | Open to Relocation
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-Build a Support Network: Connect with colleagues, mentors, and industry peers for advice, feedback, and encouragement. -Set Realistic Goals: Break down tasks into manageable steps and celebrate progress to stay motivated. -Learn from Setbacks: Analyze mistakes as learning opportunities and adjust your approach accordingly. -Stay Curious: Maintain a thirst for knowledge and actively seek out learning opportunities in economics.

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You’re starting a new economics job. How can you build resilience to overcome challenges?

1

2

3

4

5

6

1 Assess your strengths and weaknesses

2 Embrace uncertainty and change

3 Develop a growth mindset

4 Manage your stress and emotions

5 Celebrate your achievements and successes

6 Here’s what else to consider

Economics

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You’re starting a new economics job. How can you build resilience to overcome challenges?

1

2

3

4

5

6

1 Assess your strengths and weaknesses

2 Embrace uncertainty and change

3 Develop a growth mindset

4 Manage your stress and emotions

5 Celebrate your achievements and successes

6 Here’s what else to consider

Economics

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