Therefore, you’ve virtually finished your master’s in business economics – training passed in, collection books came back, just a couple of last examinations to breeze through… everything you need to do now could be confront that challenging little concern you’ve been ignoring the past 12 months: exactly what do you will do with a master’s in economics? Simply speaking, what exactly are your job prospects? What tasks could you submit an application for, which sectors if you are searching within, and which businesses are usually happiest to see your CV within their inbox?
Just before have too excited, let’s make clear that this article won’t hand you all the answers – if you do not think all economics graduates are identical, that clearly only isn’t feasible. But we do have some useful information that will help answer fully the question of your skill with a master’s in business economics, in order to attain a choice regarding your own tastes and programs.
Which forms of employers provide many business economics jobs?
It may be helpful to start with deciding on which kinds of company usually employ many students of master’s in business economics programs. The chart the following reveals the most typical kinds of employers for students of master’s degrees at Barcelona Graduate School of Economics (Barcelona GSE), centered on a current survey.
Professional Placement by business – Class of 2014
Maybe unsurprisingly, virtually a quarter of Barcelona GSE graduates found employment in banking institutions or any other monetary solutions providers. Close behind in supplying business economics tasks had been consulting companies and research institutes, accompanied by intercontinental companies and non-profits. For more detail by detail ideas to the sort of businesses likely to battle students of master’s in economics programs, you can also need take a good look at this directory of organizations having utilized Barcelona GSE graduates in recent years – maybe an excellent starting point trying to find business economics jobs if you’re prepared start applying.
It may also be interesting to note that, those types of surveyed, around 1 / 3rd found a job away from their property country – good news for all those trying to combine a lifetime career in business economics with possibilities to gain international experience.
Think about a PhD in business economics?
Of course, going into the job market is not the only choice for all completing a master’s in economics; you may also decide to join a PhD. This is an extremely well-known alternative one of the Barcelona GSE study group. Among the 94per cent whom reacted within half a year of graduating, 87per cent had been either working or learning. Of the, 72% had been employed, while 28per cent had been learning. The chart below show in which this latter team were positioned – with just under half remaining on at Barcelona GSE, in addition to rest following a PhD in economics either somewhere else in Europe or in the united states.
Destination of Graduates Continuing knowledge – Class of 2014
If you are deciding on a PhD in economics, remember that this doesn’t necessarily mean investing in an eternity in academia. For most very specialized economics jobs, particularly research-based and consultative roles, a PhD in business economics may be exemplary preparation.
Should you choose decide to pursue a PhD in business economics, you may possibly well begin by considering possibilities within your existing establishment. This will indicate you’re already knowledgeable about potential supervisors, study specializations and capital access – in addition to both educational and social infrastructures. Having said that, looking further afield will make it better to get a hold of a PhD project which suits your interests, along with offering the opportunity to get connection with living in a new destination and extending your international network.
In a nutshell, whether you determine to begin looking for economics jobs or look for a PhD, there are numerous choices for the next action. The real question is: what will you do with a master’s in business economics?