Mathematics and Economics degree

Hi guys, I just wanted to know what good careers / popular careers / high salary careers are there relating to Mathematics and Economics (since I did some research but I haven’t found useful info).
If you do find a useful website, please reply and attach it!
Also, could you let me know what type of work experiences are useful for A mathematics and economics degree

Reply 1

MindMax2000

Universities Forum Helper

Original post by h.0712

I like how people think they will make a lot of money purely because of a degree. I think anyone can tell you that's not how the world works.

A degree in maths and economics, like many degrees can allow you to go into research in maths/economics, do a postgrad in certain areas (don't need to be in economics or maths), go into teaching, or do work that asks for any degree (or quanatitative degrees in particular considering the degree you're doing). The specific roles that having such a degree would provide advantages for include: bioinformaticians with NHS (assuming you're based in the UK) and as an economist.

The particular careers that are good or high paying would require you to secure an entry level role in that career, and try to do what you can to either climb the corporate ladder or network your way up. This is all assuming that you are able to stay in the sector long enough and be able to keep your job for long enough.
Whether you can secure the entry level role doesn't really depend on your degree as such. Unless you are working in the health sector, academia, or teaching, then having specific degrees would matter. Soem areas such as engineering, medicine, architecture can be progressed into via specific degree apprenticeships, but you're still ending up with a degree level qualification. Otherwise, it doesn't matter as much in other areas.

With specific industries, having the right professional qualification would mean more than having the right degree; this is usually to ensure that you have covered the necessary material for the job as well as meeting regulatory requirements. For example, to become a mortgage advisor, you would need an appropriate level 4 certificate in mortgage advisory; no degree would cover the specific material for you to act as one.

For resources, I recommend you check the following:
https://nationalcareers.service.gov.uk/explore-careers
https://www.careerpilot.org.uk/job-sectors/sectors

If you want to have the brochure like information on what you can do with an economics and maths degree, see the following:
https://www.prospects.ac.uk/careers-advice/what-can-i-do-with-my-degree/economics
https://www.milkround.com/advice/what-jobs-can-you-get-with-an-economics-degree-in-the-uk
https://www.thecompleteuniversityguide.co.uk/student-advice/careers/careers-with-an-economics-degree
https://www.brightnetwork.co.uk/graduate-career-advice/no-idea-what-do/what-to-do-with-degree/10-career-routes-you-can-pursue-economics-degree/
https://www.ucas.com/explore/subjects/economics
https://www.prospects.ac.uk/careers-advice/what-can-i-do-with-my-degree/mathematics
https://uk.indeed.com/career-advice/finding-a-job/careers-in-maths
https://www.thecompleteuniversityguide.co.uk/student-advice/careers/careers-with-a-mathematics-degree
https://www.ucas.com/connect/blogs/career-options-maths-graduate
https://www.milkround.com/advice/what-jobs-can-you-get-with-a-maths-degree-in-the-uk
https://www.mathscareers.org.uk/wp-content/uploads/2014/05/Whatcanidowithmymathsdegree.pdf
https://www.brightnetwork.co.uk/graduate-career-advice/no-idea-what-do/what-to-do-with-degree/maths-degree/
https://oxfordsummercourses.com/articles/in-demand-careers-in-mathematics/

Of course, with any degree there should be a very clear disclaimer: just because you're qualified for a job doesn't necessarily mean you will get it, and just because you have a degree doesn't mean you will get any job.
There are various high paying jobs that do not require a degree, and most of them will not hire you just because you have a degree.

In terms of work experience, you don't need specific work experience to do a degree in economics and maths, since it's an academic subject. This isn't healthcare or vetinary science where the places are ridiculously competitive.
Having said that, there are a number of things that would help: trying to do something at the Bank of England or some sort of government economics service, as well as joining mathematical olympiads. They tend to make your application shine a lot more for the competitive places at top end universities.