Exploring a career path in economics: What should I know?

As a high school junior interested in economics, I'm curious about the career paths available in this field. What types of jobs can I pursue with a degree in economics, and what kind of companies or sectors typically hire economics graduates? I'm also interested in understanding the skill sets that are most valued in this career path. Any tips on high school courses or extracurriculars that would help me prepare for a future in economics?

A degree in economics opens up a wide range of career paths across different sectors. For instance, you could work as an economist, financial analyst, investment analyst, data analyst, or market research analyst. You could also work in economic consulting or public policy. Companies that commonly hire economics graduates include management consultancies, investment banks, insurance companies, property firms, as well as governmental and non-profit organizations.

The skill sets most valued in this field often include analytical abilities, problem-solving skills, and comprehension of complex systems. Quantitative skills, like the ability to manipulate data and understand statistical concepts, are also highly valued. So is the ability to communicate your findings clearly in written and verbal form.

In terms of your high school preparation, any classes you can take that help build these skills, such as AP Economics, statistics, or advanced math will be beneficial. Outside of academics, taking part in clubs like the Math team, Economics Club, or Finance Society, will help you gain a better sense of economic concepts and their real-world applications. These extracurriculars can provide opportunities to engage in activities like stock market simulations, guest speaker events, and group research projects that deepen your understanding of economics. It's also worth finding economics-related volunteering opportunities or internships, to get firsthand exposure to the field. Trying to read economics-related books and keeping up with financial news can further your understanding of the topic.

Remember, it's also important to explore your interests outside of economics. Universities appreciate applicants who display passion in a certain field (like economics) but also have well-rounded interests. Explore different clubs and activities, and consider leadership roles in the groups you're most passionate about.

Finally, as you start to shape your college list, consider schools that have a strong economics program. This can help set you up for success in the field. The skills and understanding you acquire will be a significant asset, regardless of whether you choose to directly pursue a career in economics or some other related field.