Careers Service Occupations

Economics & Statistics

Economics and Statistics

About

Economics and statistics graduates can offer a range of skills highly sought after by employers.

Careers advice

Industry news

Publications for the sector include The EconomistFinancial Times and Royal Statistical Society.

Professional bodies

These represent people working in the sector, providing training and networking opportunities. They often provide careers support for students and graduates. 

They also provide development for people already working in the sector. Follow them on LinkedIn, or visit their websites for news, contacts, work experience and vacancies.

The main professional associations for this sector include:

Making contacts

Making contacts is essential for success in this sector. Many jobs come through networking and speculative applications. You could start with:

Social media, particularly LinkedIn and Twitter, is useful for making contacts, finding employers and opportunities. Find out more about how to use social media for your career and subscribe to our management consultancy Twitter list

Events

Recruitment fairs, open days, talks and other events give insight and opportunities to make useful contacts. Regular events for this sector include The Economics Network and employer presentations. 

For more events for this sector see Careers Service events and External Events.

Related sectors

You may also be interested in Accountancy and TaxBanking and FinanceManagement Consultancy and Insurance, Pensions and Actuarial.

See our other occupational pages for more options.

Roles

The following job profiles include descriptions of typical duties and entry requirements.

Economics

Economist

Skills employers look for

Employers are looking for:

  • excellent verbal and written communication skills, with the ability to explain complex information
  • strong research skills and the ability to analyse complex information
  • organisational and time management skills
  • the ability to be able to prioritise tasks, work under pressure and to meet deadlines
  • working well in a team and be able to build good working relationships
  • an excellent understanding of business and economics, as well as IT, statistical and numerical skills

Statistics

Clinical data manager

Financial risk analyst

Statistician

Skills employers look for

Employers are looking for:

  • excellent verbal and written communication skills, with the ability to influence others
  • ability to explain complex information to non-statisticians
  • excellent statistical, analytical, mathematical and IT skills
  • an ability to work in a team and on your own, taking responsibility for prioritising workload to meet deadlines
  • high levels of accuracy and attention to detail
  • good problem solving skills

Gaining Experience

Finding a job in economics and statistics is competitive. Relevant work experience is invaluable in developing expertise and demonstrating commitment.

These sites can help you:

Finding companies 

Smaller organisations often don’t advertise opportunities. You can contact them with a speculative approach. This is a common way of gaining experience and building contacts in the events sector. Find organisations that interest you and get in touch, always with a named contact. Be specific about why you are writing to them and what you’re looking for.

Show your enthusiasm for the sector and highlight any relevant skills. Don’t give up if you don’t get a reply – follow up with a phone call or email to show that you’re keen.

You can find companies by:

  • using the North East Graduate Directory to search for local companies offering work experience
  • researching employers via company profiles, business directories and databases
  • looking at social media to find and connect with employers, particularly through LinkedIn
  • checking professional bodies' member directories to find out about companies operating in the sector. You can find links to these directories under the Finding Jobs tab above

Other ways to gain experience

For more ways to develop skills, or if you have difficulty finding relevant experience:

  • look out for employer events - see About for details
  • use competitions for developing skills and connecting with employers
  • volunteer! Oxfam Finance Office in Newcastle, for example, offers voluntary work to students. See Volunteering for more opportunities
  • become active in student societies 
  • think about part-time work. Part-time jobs can help you to develop relevant skills in communication, team work and leadership

Finding Jobs

Competition is strong, especially for entry-level positions.

Use the following resources to find advertised vacancies. You can also use them to research employers for speculative applications:

Economics

Statistics

For opportunities in data science and analytics, see Information Technology: Finding jobs.

Finding companies

Not all jobs are advertised. You can approach employers or find work through networking in the industry.

Find companies that interest you and get in touch, always with a named contact. Be specific about why you are writing to them and what you’re looking for. 

Show your enthusiasm for the sector and highlight any relevant skills. Don’t give up if you don’t get a reply – follow up with a phone call or email to show you’re keen.

Specialist recruitment agencies

Recruitment agencies often advertise graduate and entry-level positions. They also have a wealth of industry knowledge, eg Datatech Analytics.

Search Agency Central for a list of specialist recruitment agencies.