Jobs for economics graduate in nigeria. Economics is a social science that focuses on the creation, distribution, and utilization of resources. It is a vast discipline that has been characterized in a variety of ways by a number of experts in the subject.
Adam Smith, widely regarded as the father of modern economics, defined it as a topic concerned with the nature and causes of a nation’s wealth development. Marshall, another well-known economist, characterized it as a study of people going about their daily lives.
Skills Required To Succed As An Economists In Nigeria
Given the dynamic nature and complexities surrounding the study of Economics, we have decided to delineate 5 skills that would help any Economist become relevant in the work place. This is because most theories in Economics are limited in practical reality due to unreasonable assumptions.
1. STRONG ANALYTICAL SKILLS
To excel as an Economist, you need a thorough knowledge of your analytical tools. They include Mathematical kits (Graph, Bar and Pie Chart, histogram) and personal qualities such as intellectual acumen, curiosity and communication skills.
2. EXCELLENT KNOWLEDGE OF CALCULUS and ALGEBRA
Although you need a very strong quantitative ability, more focused knowledge on Calculus and Algebra may ensure a successful career. This skill is particularly necessary for those who intend to pursue a postgraduate study in Economics and end up in the Academics or as a Researcher.
Calculus and Algebra enables us to quantify dynamic phenomenas.
3. GOOD MODELLING SKILLS
We have said earlier how important having good quantitative and verbal skills are. However, having an excellent ability to present a simplified view of an Economic Phenomena can be quite helpful in understanding a transient concept.
4. PROACTIVE NATURE
Economics involve a lot of forecasting and policy decision making. As a policy maker, you are expected to know the ripple effect of any policy you intend to initiate and if possible plan alternative course of action, if the policy proves futile.
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5. OPEN TO CRITICISM
An Economist must be open to criticism, because of its complex nature. Even the Greats; Keynes, Adam Smith, Marshall et al, have always been criticised for presenting unapplicable theories. Their ability to take Criticism by the chin and make adjustments have led to their theories been relevant till today.
Jobs For Economics Graduate In Nigeria.
Economics, like many other social sciences, is a broad field that trains graduates for jobs in both the public and private sectors. Economic graduates can work in financial institutions such as banks, insurance firms, and accounting organizations. They can work as financial risk analysts, data analysts, investment analysts, statisticians, accountants, management consultants, or in federal or state ministries in both the public and private sectors. We’ll quickly go over some of the best economics job prospects in Nigeria.
- Chartered accountant
- Chartered certified accountant
- Investment analyst
- Data analyst
- Financial risk analyst
- Forensic accountant
- Federal minister
- State commissioner
- Quantity surveyor
- Data scientist
- Management consultant
- Chartered Public finance accountant
- Civil service fast streamer
Despite its complexity, economics is a highly vast and interesting field. As a result, economics is extremely valuable in today’s world, particularly in a country like Nigeria, which has several economic issues.