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Economics

Careers and employability

Our economics students leave Manchester with the skills and knowledge they need to take the next step towards their chosen field.

Graduate stats

  • 80% of recent economics graduates are in work or engaged in further study six months after they graduate.
  • 72% of those economics graduates are working in professional or managerial roles.

(Source: Key Information Set Data from UNISTATS)

A recent survey revealed that economics graduates had the second highest level of salary, exceeded only by clinical dentists and putting them above law, accountancy and business management.

Typical career paths

Our graduates are highly sought after and are able to use their skills and knowledge in a wide range of different areas, such as:

  • accountancy and actuarial science
  • finance and banking
  • management training
  • consultancy
  • government.

Further study

Fifty percent of our BAEcon students go straight on to the world of work, while 20% take on further study and 10% are studying or working abroad.

Our students go on to:

  • advanced economics training;
  • professional training within academia;
  • other specialised training and into careers.

Find out more about postgraduate research with the Economics department at Manchester.

Every year we have students from our economics programmes  (BSc, BA Econ and PPE) going on to postgraduate here at Manchester, but also at other leading universities including the following.

  • Cambridge
  • Oxford
  • London School of Economics
  • Imperial College
  • King’s College

Skills and opportunities

Our degrees are designed to help you to gain useful employment not only through the acquisition of knowledge of key concepts from economics and a subject-specific skill set but also through a range of transferable skills. 

Subject-specific concepts include...

Opportunity cost. The importance of incentives. The idea of equilibrium, disequilibrium and stability. Strategic thinking. Expectations and surprises. The relevance of marginal considerations.

Subject-specific skills include...

  • An ability to abstract. From the study of economic principles and models, students see how one can abstract the essential features of complex systems and provide a useable framework for evaluation and assessment of the effects of policy or other exogenous events.
  • An ability to use various forms of logical analysis including both deduction and induction with economic reasoning often being formulated in terms of logical ways of using assumption-based models. 
  • An ability to organise, present and analyse data. Also knowledge of sources of relevance to understanding industry, business and government.
  • An ability to frame questions. That is the ability to decide what should be taken as given or fixed for the purposes of setting up and solving a problem, ie what the important 'parameters' are in constraining the solution to the problem.
  • An ability to analyse, manage and present information using numerical, statistical and computational skills.

Transferable skills give you the ability to:

  • research, source and examine information thoroughly;
  • critically analyse evidence and construct coherent arguments;
  • write and speak well and communicate technical concepts to a broad audience;
  • act independently and pursue one’s own intellectual endeavours;
  • act with others in a team;
  • take an open-minded approach to work.

Recent graduate employers

Our students are typically very successful with getting useful and fulfilling employment or with going on to further study. Here are some recent examples.

  • The UK Civil Service including the Government Economic Service, the Bank of England, the Department for International Development, the Home Office and the Foreign Office.
  • Big city firms including KPMG, Deloitte, PricewaterhouseCoopers, Merrill Lynch, Goldman Sachs, Citibank, United Assurance, HSBC, Prudential plc, Nationwide Building Society, Deutsche Bank and the Co-Op.
  • Large industrial companies such as Ford, Rolls Royce, British Telecom and BP.  

Other useful sites