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Careers Centre

Economics and Finance

Introduction

Popular career areas for Economics & Finance students:

A degree from Scotland's first university is an excellent start to any future career. St Andrews has a reputation for excellence and the ability to attract the brightest students world wide. With this as a starting point you are well on the way to impressing future employers.

Economics graduates are sought after, and they end up in a wide variety of interesting professions. Popular career choices for economics graduates include: accountancy; fund management; personnel management; stockbroking; investment analysis; tax consultancy; management consultancy; the armed forces (officer training); banking; the civil service; journalism; academia; etc. Many of our graduates go on to further study (e.g. Diploma, MSc, PhD).

“If you want to earn a big salary, you would be advised to study medicine or economics, says a report by the Institute for Fiscal Studies (IFS). The report states Economics was the second most lucrative degree, with male students earning a median salary of £42,000, and women earning £38,000.” BBC April 2016

Review your degree skills

The profile below identifies the skills that can be developed through the study of your discipline based on subject benchmark statements developed by UK higher education academic communities.

Student success story

Katy Barlow
Katy collecting her award from Fiona Bruce and Chris Jones, Head of Global Resourcing at Gazprom.

TargetJobs Mathematics, Economics and Finance Undergraduate of the Year Award 2015

St Andrews student, Katy Barlow, studying Maths and Economics, has won the TargetJobs Mathematics, Economics and Finance Undergraduate of the Year Award, sponsored by Gazprom. Her prize is a summer internship in the UK and Singapore.

Katy and 109 other undergraduates were invited to the final in Canary Wharf where the winners were announced.

Where do our Economics/Finance graduates go?

Recent Economics/Finance graduates
Deloitte - Associate Auditor HSBC - Finance Advisor KPMG - Tax Consultant
Hibernian Football Club - Finance Director Logistics Officer - Royal Navy Bank of America Merrill Lynch - Wealth Asset Analyst
Graduates who are established in their profession

Strategy&, part of the PwC network - Senior Associate (Economics & Policy)

Eltham College - Head of Upper/Lower Sixth and Head of Economics and Business

University of York - Lecturer in Economics

EY - Associate

Frontier Economics - Consultant M&G - Investment Graduate
Simon Constable

Simon graduated in 1991.  He is a Broadcaster/columnist with the The Wall Street Journal.

Read Simon's case study

Dawid Sawicki

David graduated in 2015.  He is an Associate with Moore Stephens LLP.

Read David's case study

 Visit the Graduate Destinations page to see what graduates and postgraduates from your School are doing now.

Network with alumni

Many jobs and internships are not advertised.  One of the best ways to find out about these ‘hidden opportunities’ is by networking.  Networking can also help secure a job that is publicised or is part of a training scheme.  Your contacts can open doors, set up meetings, help prepare you for interviews, and provide you with an inside look at a company or industry. 

How to contact alumni

There are two main ways to contact alumni on-line:

  1. Saint Connect - brings together alumni and current students to facilitate networking, enable informal mentoring, provide industry discussion groups, and enable graduates and students to stay up to date with their student societies and sports teams.
  2. LinkedIn - most comprehensive resource to connect with alumni is the University of St Andrews LinkedIn – Alumni Tool. There are also many LinkedIn St Andrews Groups, mainly based on location, which you can join to network with fellow students and alumni, eg St Andrews North America Careers Link.

Postgraduate study/research

In 2014, 27.4% of economics/finance graduates went on to do further study.  
Advisers are able and willing to discuss postgraduate applications - vocational and academic. 

Popular postgraduate institutions and courses:

Also:

Summer internships/work experience

Campus Opportunities

Work experience is becoming ‘essential’ in the UK when it comes to securing graduate level employment.

During the 2015-16 academic year, more than 90% of the UK’s leading graduate employers offered paid work experience programmes for students and recent graduates. Altogether, 55% of St Andrews finalists had completed some element of work experience with a graduate employer whilst at university – much higher than the survey average. More than two-fifths had a part-time job during term-time and three-fifths had some form of casual vacation work.Source: High Fliers –The UK Graduate Careers Survey 2016.

Case studies

Key links and resources

Career-related

Professional Bodies, Trade Organisations & Journals/Magazines