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You're a mid-career economist looking to switch paths. What are your options?

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You've spent years working as an economist, applying your skills and knowledge to various fields and sectors. But now you feel like you need a change, a new challenge, or a different perspective. Maybe you're bored with your current role, dissatisfied with your work environment, or curious about other opportunities. Whatever your reasons, you're not alone. Many economists face the same dilemma at some point in their careers. So what can you do to reinvent yourself and explore new possibilities? Here are some options to consider.

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Matías Félix Ruiz

Chief Administrative Officer @ Skywire Networks | Top Economics Voice | Harvard Leadership

1 Stay in economics, but change your focus

One option is to stay in economics, but switch to a different subfield, industry, or organization. For example, if you've been working as a macroeconomist in the public sector, you could try becoming a microeconomist in the private sector. Or if you've been specializing in development economics, you could branch out into environmental economics. Or if you've been working for a large institution, you could join a smaller think tank or consultancy. This way, you can leverage your existing skills and experience, but apply them to new problems, contexts, and audiences.

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Matías Félix Ruiz

Chief Administrative Officer @ Skywire Networks | Top Economics Voice | Harvard Leadership
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An alternative is to explore interdisciplinary opportunities that combine economics with other fields such as technology, psychology, or sociology. For instance, you could delve into behavioral economics, which blends economics with psychology to understand how individuals make economic decisions. Another option is to explore the intersection of economics and technology, focusing on areas like fintech, blockchain, or AI economics, where economic principles are applied to innovative technological advancements. Diversifying your focus, allows you not only broaden your knowledge but also position yourself at the forefront of emerging trends, making your expertise even more valuable and sought after in the market.

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2 Transition to a related field

Another option is to transition to a field that is related to economics, but has its own distinct methods, theories, and applications. For example, you could move into finance, business, or management, where you can use your analytical, quantitative, and problem-solving skills to make decisions, strategies, and policies. Or you could shift to sociology, psychology, or political science, where you can use your understanding of human behavior, incentives, and institutions to study social phenomena, issues, and trends. Or you could enter data science, machine learning, or artificial intelligence, where you can use your programming, modeling, and statistical skills to generate insights, predictions, and solutions.

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Amritpal Kaur

Economics and Business Management teacher
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I always believe to remain focused. Yes , if I had to change, I think it would be to do something new in my line only by learning new skills. As I am an Economics teacher my focus always remains to make my teaching exciting , not boating and it should be understandable by my students

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3 Learn a new skill

A third option is to learn a new skill that complements your economics background and opens up new opportunities. For example, you could learn a new language, which could help you communicate with different clients, partners, or markets. Or you could learn a new software, tool, or framework, which could help you improve your productivity, efficiency, or creativity. Or you could learn a new domain, topic, or discipline, which could help you broaden your knowledge, perspective, or interests. Learning a new skill can also help you boost your confidence, motivation, and satisfaction.

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Matías Félix Ruiz

Chief Administrative Officer @ Skywire Networks | Top Economics Voice | Harvard Leadership
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Master the art of storytelling can make economics more accessible and engaging to the general public, policymakers, or potential collaborators. You could start by crafting compelling narratives around economic trends, historical events, or policy debates, using real-world examples and analogies to illustrate key concepts. Additionally, you could explore opportunities to share your stories through various mediums such as blogs, podcasts, or public speaking engagements, helping you reach a wider audience and drive meaningful discussions about economics and its impact on society.

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4 Start your own project

A fourth option is to start your own project that showcases your economics expertise and passion. For example, you could start a blog, podcast, or newsletter, where you can share your opinions, insights, or stories on economics topics that matter to you. Or you could start a course, workshop, or webinar, where you can teach, mentor, or coach others who want to learn economics or improve their skills. Or you could start a research, consulting, or advocacy project, where you can address a specific problem, question, or cause that you care about. Starting your own project can also help you build your network, reputation, and portfolio.

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Matías Félix Ruiz

Chief Administrative Officer @ Skywire Networks | Top Economics Voice | Harvard Leadership
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Consider leveraging your economics expertise to create an educational platform or resource hub that provides valuable insights and resources to students, professionals, or enthusiasts interested in economics. You could develop an online course or workshop series that covers fundamental economic principles, current trends, and practical applications, catering to individuals looking to enhance their understanding of economics. Also, you could curate a collection of recommended readings, research papers, and case studies, creating a comprehensive resource library for those seeking to delve deeper into economic concepts.

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5 Explore other careers

A fifth option is to explore other careers that are not directly related to economics, but still appeal to your interests, values, or goals. For example, you could pursue a career in journalism, writing, or communication, where you can use your storytelling, research, and editing skills to inform, educate, or entertain your audience. Or you could pursue a career in education, teaching, or training, where you can use your pedagogical, interpersonal, and organizational skills to inspire, guide, or support your students. Or you could pursue a career in entrepreneurship, innovation, or social impact, where you can use your entrepreneurial, creative, and leadership skills to create, launch, or scale your own venture or initiative.

These are just some of the options you have as a mid-career economist looking to switch paths. Of course, there are many more possibilities, depending on your preferences, circumstances, and opportunities. The important thing is to be open-minded, curious, and proactive. Don't be afraid to experiment, network, and learn. You never know what you might discover or achieve.

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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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Economics

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You're a mid-career economist looking to switch paths. What are your options?

1

2

3

4

5

6

1 Stay in economics, but change your focus

2 Transition to a related field

3 Learn a new skill

4 Start your own project

5 Explore other careers

6 Here’s what else to consider

Economics

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You're a mid-career economist looking to switch paths. What are your options?

1

2

3

4

5

6

1 Stay in economics, but change your focus

2 Transition to a related field

3 Learn a new skill

4 Start your own project

5 Explore other careers

6 Here’s what else to consider

Economics

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