Graduate Jobs in Economics
There are plenty of graduate jobs in economics. They are as diverse as they come, with positions covering every industry from agriculture and food to banking and business. Depending on the area of interest, having a degree in economics will help the graduate develop specialised skills that allow the person to enter various sectors as an economist, or any professional with an eye for economics in South Africa.
A degree in economics will improve the employability of the graduate in many areas, no matter what the industry one belongs in. There is a high demand for graduate jobs in economics because almost all aspects of people’s life can be analysed through an economic perspective.
Graduate jobs in economics require the person to have a degree in economics, an economics major in a general degree, or a joint degree. Graduates of a joint degree must make sure that majority of the degree modules are in the subject. The graduate must also have units in macroeconomics and microeconomics. Some examples of joint degrees include:
- Economics and/with law
- Economics and/with finance
- Economics and/with management studies
- Economics and/with mathematics
- International economics
Jobs in economics require candidates to have skills that are needed in the economics field that include strong quantitative, analytical and mathematical skills; statistical modelling and data processing skills; attention to detail; ability to create productive working relationships; ability to work individually and in a team; has time and organisational skills; and ability to work under pressure during deadlines. Having all of these qualities can increase the probability of being hired as an economist in South Africa.
What to Expect
Economists in South Africa work in both public and private sectors. When employed in the public sector, the work is more focused on policy making and regulation of the markets. When one joins the private sector, the work often involves analysing market trends, both domestic and international.
Employment and Careers
There are various job opportunities for economics graduates in South Africa that include jobs in the finance and banking sectors, law, business analysis, public policy, and journalism. The majority of the graduate jobs in economics are for full time economists, with an average salary of around R250,000. Below are other job positions and the salary ranges that an individual with a Bachelor of Commerce or an Economics Degree can apply for in South Africa.
- Data Analyst: R216,000
- Merchandise Planner: R225,000
- Financial Analyst: R252,000
- Business Analyst: R273,000
- Management Consultant:R420,000
- Portfolio Manager: R500,000
Some of the large corporations that provide graduate jobs in economics in South Africa include:
- Capitec Bank
- Indigo Cosmetics
The bad news is that most companies prefer economists with at least a year of experience in the field. Some of the top cities for employment in South Africa include Johannesburg, Sandton, Cape Town, Pretoria and Durban.
Economics Graduate Programmes by Location