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Professionals who have a degree in Economics and Finance are globally getting recognition because of the world class reputation of the course. Now that the entire world is suffering from economic difficulties, state and government leaders, prime ministers, and presidents like US President Barack Obama are now seeking the help of known economists and financial advisers to redesign global finance. Not to mention the fact that the most powerful CEOs and company directors are graduates of courses in Economics and Finance.

Many even say that today’s economic condition is the gravest after the Depression years. However, optimism among economic leaders and drivers is getting on the way to mark another beginning to address the economic problems of today. Professionals who have earned a course in Economics and Finance and have relevant work experiences from financial institutions, government agencies (e.g. Treasury, Finance, Social Security, Trade, etc.), multi-national corporations, universities, international institutions, private research centers, and Unions are the best candidates in every position that deals with Economics and Finance.

Their knowledge and experience in terms of how various market industries work are matchless. Their perceptions in economic conditions and the course of actions that they take in controlling the entire economy are based on proven economic and financial theories. And these are exactly the reasons why they are the hottest candidates in the position of a research officer, economists, market analysts, academics, policy makers, policy advisors, investment advisors, and other valuable positions that are related to business.

Their influence in decision-making is huge. To those uninitiated, degree holders of Economics and Finance are actually the ones who formulate business strategies and policies based on their skills and understanding of theories, models, and technical tools needed in business operations. Their rigorous education in the course allows them to deal with business matters and topics that include macroeconomics, microeconomics, economic modeling, econometrics, and international trade theory among others.

More so, students of the course need to take subject areas that deal with non-dominant theories of the market. A balanced understanding of government and economy of various regions and countries, political economy, and Asian economics are tacked to pursuit higher education studies.

Some historical perspectives are needed in taking the curriculum of the course. Such approaches include history of economic thought, philosophical and ethical concerns and the global economy as a whole.

There is no doubt that even top companies suffer from economies plunge, deflation, and the weakening of exports. But with a whole and brand new approach that can be created and developed through economics and finance, the entire world is now facing the emergence of newly-found system that requires every country and region to become part of the redesigning event. Relevant global finance, together with innovative management tools, the re-emergence of a fully-recovered market industries and world economy is at stake.

The repairs and reconstruction that will be done will be owed by the execution of courses of actions courtesy of respectable and effective economics and financial consultants and analyst who finished a course in Economics and Finance.

Job positions for :

Accountant

At present, the demand for professionals who have background in accounting and other related field is huge. Their diploma and relevant education in accounting, economics, and other business courses help them obtain not just professional recognition but a great advantage in the market, not to mention high-paying position.

Accountants are needed in multinational firms because of their skills, knowledge, and experience in running business operations firmly. They are skilled in keeping company records and in preparing important and accurate documents. When it comes to company tax matters, their services are highly needed.

Their responsibilities and duties in any business firm are vital functions that deal with giving clients business and accounting services that include public relations, internal auditing, management, and government accounting. Other fundamental tasks of accountants are: to prepare, to analyze, to verify, and to evaluate financial documents needed by clients.

The nature of work of Accountants is wide-ranging. Public accountants perform general accounting, auditing, and consulting services to the clients that are composed of corporations, non-profit organizations, governments and its agencies, and other individuals. However, job specification among Accountants need to be distinct so they can concentrate on performing particular matters like tax concerns, the preparation of tax returns of individuals, and the consultations servicing provided to corporations in managing their taxes.

Some Accountants perform tasks that involve plainly consultation. They provide advices to their clients that pertain to compensation or an employees health benefits, accounting and its design, the processing of data of a specific system, the giving of controls that will safeguard client or company’s assets.

There are also known Forensic Accountants who do investigation and interpretation of bankruptcies and financial transactions. The scope of their services and responsibilities extend to auditing financial statements that contain financial reports.

Additionally, there are also Certified Public Accountants that decide to have their own firms and manage their own business instead of being a corporate or government accountant.

On the other hand, Management Accountants who are also called industrial or private accountants work for corporations and companies to manage company’s budgeting, performance assessment, and assets and costs management among others. Their skills and knowledge in interpreting and analyzing financial information needed in making risky company decisions are expected to be impeccable — not because they have passed the rigorous examination for CPAs but because it is what they do.

Tax authorities, stockholders, creditors, non-management groups, regulatory agencies, and other clients that require study and interpretation of their financial records are the market of accountants—their employers. They will be hired to become part of accounting departments and company teams that will take care of financial analysis, cost accounting, and planning and budgeting.

Finally, with technological advancements and unstoppable innovations, Accountants should equip themselves in special software packages that are needed in controlling and managing the corporation’s financial systems. Most of the recordkeeping are stored and performed using the computer. Files and documents which are available in special formats should be made to correct problems. This means Accountant should also gain extensive computer skills that will enable them to create and develop software needed in data management.

Economic Consultant

Economic consulting is a highly-skilled profession that involves skills in market research and analysis, economic forecasting for governments, businesses, policy organizations, financial institutions, public and private sectors that need advisory services. Economic Consultants distinguish themselves from other professionals because when it comes to critical thinking and rigorous marginal techniques, their specialization is way broader than other business courses.

Apart from working as Economic Consultant, their career options is wide-ranging because they can also apply for positions in public policy making, local government administration, teaching and education, accounting, commercial banking, stock broking, commercial consulting, and entrepreneurship.

There are many large economic consulting firms that demand the services of Economic Consultants. As consultants, they can advise firms on making and executing business strategies. They can also prepare economic pieces of evidence when a firm faces court cases. Or, they can formulate and develop analyses needed in making and influencing public policy.

Though there are still rooms for further studies in-store for economic consultants like an MBA degree, the common career path for many Economic Consultants who have done a great deal of the profession is to take law. The skill that has been acquired in making careful reasoning is relevant in taking up law that is why economic consultants are a good fit in a future law career. If not law, they can still pursue a career in the academe if their real love and passion is to teach and study economics and further write about it.

According to a Wall Street Journal article, wherein jobs under economics discipline ranks fourth in terms of compensation, an economic consultant’s average starting salary is $43,419. Further studies and post higher education will also contribute in the increase of salary since economic consultants with MA degree earn $80,000 (for men) and $60,000 (for women) while those who have PhD earn $96,000 (for men) and $83,500 (for women).

What exactly does an Economic Consultant do to gain such a high compensation? Their functions and tasks should never be underestimated because every function they have is nerve-wrecking, both literally and metaphorically. They provide economic advice to a wide range of industrial, corporate and commercial organizations. They handle interviews for staff, suppliers, competitors, as they also design questionnaires needed in data gathering and data analysis.

When it comes to their skills, their knowledge in economic is simply matchless. They are computer literate while their research skills are beyond average not to mention the legitimacy and effectiveness of their language and interpersonal skills.

An Economic Consultant is one of the most-sought after professional among large economic consulting firms. Their expertise in dealing with economic issues and areas such as anti-trust, financial institutions and their practices, general commercial damages, and intellectual property damages are based on proven theories and applications that take place in business environment.

Yes, the profession in economic consulting is compelling and this can be attributed to the fact that large firms look for aggressive professionals who can manage to settle issues that go beyond average business problems—say for instance dealing with major litigation matters.