Those who have DC who studied economics..

[Donkry]

What kind of careers are they working in?

I graduated in economics 10 years ago, I was a tax adviser in accountancy and now moved to civil service 😊

I said this on another thread earlier today but I would say for anyone to a degree they enjoy and actually want to study towards.

A degree can help you get your first job, it doesn’t really matter what subject it’s in (ignoring vocational degrees). Once you’re in the world or work, nobody really cares about your degree - I’ve literally never been asked about mine.

DS1 studied Economics and Management. DS2 studied Economics. Both are working in Consulting.

What type of consulting? Would they say they use their degree in their job?

Consultancy - specific economic regulation consultancies or teams within the bigger consultancies.
Or regulation departments within utility companies is another option .

Think big name Consultancy Firms - so a variety of projects on a range of topics.

Both relatively recent graduates. The degrees were useful in the recruitment process. They could do the maths quickly and confidently trot out all the right language on the business cases. Applicants who had studied eg MFL found that much harder -although I suspect recruiters take that into account while assessing. The majority of those going into the big consultanceies straight from University have studied economics or maths subjects, but they also need data analysts and linguists.

As far as I can see the few years of consulting seem to involve a lot of power points, Excel spread sheets, data analysis etc. But there is probably more to it.
Obviously you also need communication skills, inter personal skills etc.

Regulatory Reporting Analyst.

My degree is in economics, I've spent 25 years in investment banking, definitely using my degree.

My ds (economics and management) also working in consulting but for smallish company - apparently mainly organisational health but I’m not sure what that means. Works for wide range of clients both public and private sector and UK and abroad.

I taught economics

Are the hours brutal?

DH did a degree and a Masters in Economics/ Econometrics. Took early retirement at 56 and worked as an Economist/ in economic research in a variety of different banks and hedge funds. Definitely used his degrees in his work.

He was paid well but the hours were brutal. We live in a commuter town but he usually left for the station at 5:30am and rarely home before 8pm.

A friend of mine's son did Economics and he works for the Bank of England.

Another young person I know did Economics and went on to train to be an accountant.

I have a degree in economics. I work in the Chief Operating Office for a bank.

My DS is 24 and all his Economics friends with university have found good jobs, none of them earn less than 40k.

I did politics and economics. Now a chief strategy officer. I do use the economics actually - but a level type stuff!

I've got friends who are/were consultants. It's brutal not a career for people who want a work/life balance.

Doable in the first 10 years or so - no kids - but after that most people go client side.

I do some consulting now but it's niche and in my terms.

DS did Maths and Economics and had planned to go into finance, but he didn't like the work culture and ended up doing a Computing Masters, and he now works in tech - just as well paid with a better work life balance.

DS is doing economics. He hopes to work in economic consultancy when he graduates. He's very numerate and can work long hours.
He will absolutely be using his degree. He used it in all his internships.

They can be if we have a big transaction on, but it’s much better than when I started. 7-7 was the standard working day then, 7-10 not unusual and there were all nighters a few times a year.

These days a standard day is more like 8-6.30, of course we still do a 7-10/11 when needed but that’s probably a maximum of 10-15 days a year. It’s been years since I had to do an all nighter. I do have to work holidays occasionally, but I don’t really mind so much, it’s interesting work and I have a great team and fantastic clients.

Ds did econometrics, graduated summer 2024 and just about to start an economic consulting role with a boutique arm of one of the big 4 following a summer 2023 internship.

He was expecting brutal hours from the internship and was pleasantly surprised.

DD is in her last year of Economics degree. She did a summer internship with an investment bank. They offered her a job. She starts October on £550000 basic salary plus bonuses which are expected to be about £30K.

£550,000 basic???

Tell us more.

Apologies! Added too many 0000s. Ii is £55000 basic plus bonuses!

how intense is it, eg watching films like margin call, and the big short etc may give a bias view of the industry

@Donkry my son is in final year of a Stats & Economics degree. He has been offered a job starting in September to train as an actuary.

Dd will be working in the corporate finance division in one of the big investment banks.
She speaks Spanish which has been a great help as the bank she will be working for prefers individuals who speak a second language (namely Spanish, French , German and Mandarin)

whats the hours like and is it high intense etc ?