Your BA Degree in Economics What Next???

Transcription

1 Your BA Degree in Economics What Next??? Careers Service Objectives: 1. Career Planning Process 2. What are Employers looking for in potential candidates 3. Options with your Degree 4. Career Strategy Section 1 : Career Planning Process Assistance with Career Planning Process Self Assessment Action Job/ Placement/ Work Search Match Making Career Objectives Occupation Assessment Information Search Information Interview Personal Objectives Job Shadow/ Volunteer CVs & Letters Career Orientation Hands-on Experience Interviews Lifelong Learning Employment Trends Drop-in Service Prospects Planner Assistance with CVs, interview technique Information centre Web stie. Jobs page Personality & Attitudes Skills & Knowledge & Achievements Learning Styles Values Interests Entrepreneurship Watch Tunnel Vision Section 2: What are Employers looking for? Inside Outside Which provides the greatest opportunity? 40% of employers will accept graduates from any discipline People change jobs/careers on average 6 times in their life (AGCAS Association of Graduate Careers Advisory Services)

2 What are Transferable Skills? Transferable skills are the skills you acquire during any activity in your life that can be applied at a later stage in other situations e.g. they are transferable. You can acquire these skills through all sorts of activities employment, projects, voluntary work, hobbies, sports, almost any area of your life. Why is Skills Analysis Necessary? College: As you progress through your degree you are already acquiring a number of these job skills. A large part of economic training is in how to use mathematics to communicate a point precisely and how to use data to support an argument. Key skills: -critical and analytical thinking -problem solving -logical argument -communicating your ideas concisely -time/task management -using your initiative -research skills Skills Match Transferable Skills Set From the employers perspective once you have acquired a skill you then have the capacity to transfer it into their organisation and develop it further e.g. Skill Progression. Therefore, when employers shortlist from CV and from Interview they are looking for concrete evidence of the skills you have developed that are transferable and applicable to their organisation and work culture e.g. Skill Match Willingness to Learn Commitment Dependability/Reliability Team-work Communication Skills Co-operation Drive/Energy Self Management Desire to Achieve /Motivation Flexibility/Adaptability Initiative Logical Argument Numeracy Can Summarise Key Issues Time Management Research Skills Cope with Pressure/Deadlines Problem Solving Ability Section 3: Options with your Degree Value of a Degree A. Enter the employment market B. Continue to further study C. Take a year out Highly educated Proven academic and learning ability Developed and Transferable Job Skills Highly Marketable Wider range of opportunities Personal satisfaction Fun/ travel/ network

3 Option A Entering the Employment Market First destinations of 2002 Graduates Degree Blinkers!! A degree = Career in ANYTHING In employment 21% Seeking employment 1% Not available for employment 2% In further study or training 76% Total Surveyed 142 Survey Response Rate 88.7% Summary of Results Present Situation Total In employment 26 In further study or training 96 Not available for employment 3 Seeking employment 1 Total Graduates - Employment 2002 Graduates Further Study Trainee Manager Dunnes Stores Bank Official AIB / Bank Of Ireland Accounts Assistant PFPC Dubin & Apple Computers Clerical Officer Cork County Council Sales Rep/Manager Guinness & Global Stainless ltd. Teacher Overseas French Department of Education Insurance Professional Hibernian Insurance Film Producer Pinhead Films Secondary Teacher Presentation School Limerick & Scoil Mhuire Third level Asst. Lecturers Cork Institute of Technology Hdip in Computer Science Hdip in Management & Marketing Hdip in Education Hdip in Applied Economics ( Policy Analysis & Forecasting) Hdip in Business & Financial Information Systems MA in European Development Studies MA in Economics / MA in Mathematical Studies MBS / Hdip in Business Economics LLB Hdip in Arts Administration Grad Dip. In Primary Education Griffith College NUI, Galway Mary Immacul. First destinations of 2001 Graduates 2001 Graduates -Employment Further Study or Training 74% Total Surveyed 133 Survey Response Rate 90.98% Summary of Results Present Situation Total Employment 29 Further Study or Training 89 Not Available for Employment 3 Total 121 Administrator Manager Bank Official Bookkeeper Teacher (2 nd level) Drover Foods Ltd Dairygold / PJ Carrolls AIB / Bank Of Ireland Centra Unknown Employment 24% Not Available for Employment 2% Clerical Assistant Hamill & Henderson Insurance Professional Hibernian Group Telephone Sales Abtran ecare & Fulfilment Teacher Cope Foundation

4 Range of Career Areas For full details visit Economist Accountant Actuary Banker/Corporate Lending Officer Building Society (Banking) Insurance Underwriter Investment Fund Analyst Marketing Assistant Market Research Executive Purchasing Manager/Industrial Buyer Stockbroker Tax Inspector Tax Consultant Finance Careers In Brief Investment Banker / Corporate Lending Officer Corporate financiers provide a broad range of financial services and advice to companies, institutions and governments. This includes dealing with: mergers and acquisitions arranging or underwriting issuance of equity or debt; privatisations Initial Public Offerings (IPOs) and other flotations; raising venture capital; advising on and leading management buyouts. etc Stockbroker Stockbroking involves investing in securities, money and a range of financial products on behalf of institutional, corporate and private clients. A stockbroker interprets analysts' reports with a view to recommending to clients when to buy or sell stocks. They do not necessarily follow the analysts' recommendations. Stockbrokers either buy or sell for private investors (and are therefore called private client stockbrokers, investment managers or wealth managers) or to financial institutions. Finance Careers In Brief Tax Consultants Tax advisers use their extensive knowledge of continually changing tax legislation to provide advisory and consultancy services to their clients.they explain, in simple terms, complicated legislation and its implications for clients' financial affairs. They advise on all aspects of taxation in order to create the best tax strategies and future financial planning for their clients. They calculate clients' tax liability and submit tax returns by the relevant deadline and deal with the Revenue Commissioners. Actuary Actuaries are problem solvers, who use their training to analyse and interpret data, create models of the future to assess risks and estimate outcomes, making financial sense of the future, by conducting careful studies of similar events in the past, thus assessing probabilities and risk. Actuarial consultants provide an advisory service, offering advice to organisations on employees' benefits, such as pension provision. Marketing Careers In Brief Marketing Executive - Consumer Marketing executives in this field are involved in promoting and selling fast-moving consumer goods (FMCGs) and products to the public, usually via the retail trade. FMCGs are typically highvolume, low-value items with high public visibility and short life span, such as food, drink, confectionery, toiletries, and household goods. They work on various projects to support the brand/marketing manager in developing brands and promoting existing products, raising public awareness of the client's products through advertising campaigns and in-store promotions and building brand loyalty. Marketing Executive Industrial Business to business marketing including industrial marketing (supply of products to business), trade marketing (supply of goods to retail/wholesale) and business services marketing (eg telecoms); their roles all being to promote their company's products to other businesses. Other Careers In Brief Insurance Underwriter Responsible for deciding if requests for insurance cover should be accepted by assessing, identifying and calculating the risk of loss for policyholders and the company. This is achieved by defining the terms and conditions of the cover, in line with establishing appropriate premium rates that should be paid in order to achieve the company's underwriting and profit objectives, and writing policies that cover these risks. Insurance is divided into two main sectors -General: this covers personal, commercial and reinsurance. Life: this deals with pensions and life policies. Industrial Buyer / Purchasing manager Procures or purchases the highest quality and appropriate quantity of goods and services at the lowest or most competitive rate to meet user needs according to specified criteria. Also manages the relationship and process of delivery - ensuring that the goods or services are delivered to the right place at the right time.

5 Career Profile 1 Career Profile 2 Stephen O Connor BA (Economics & Applied Mathematics) Experience: Summer work in Bank and ongoing voluntary work in Credit Union Postgrad: Chartered Institute of Management Accountants (CIMA) Job: Trainee Management Accountant, Allied Irish Bank Joanne Ahern BA (Economics & English) Experience: 3 years volunteer work with Campus Radio, UCC Postgrad: Higher Diploma in Applied Communications, NUIG Job: Sub Editor, Radio 1, News at 1, News Reader 2FM, RTE News on Line Option B: Further Studies Post Graduates Masters Programmes Conversion Courses Postgraduate Courses in UCC Directly-related MBS Electronic Business and Commerce MBS / H.Dip in Economic Science (Business Economics) H.Dip in Education H.Dip in Business and Financial Information Systems H.Dip in Applied Economics (Policy Analysis & Forecasting MA in Economics or MEcon Sc. MBS (Corporate Finance and Accounting) MSc Multimedia Technology Other Irish Universities Directly-related Courses MA in Economics NUIG MSc in Economic Science NUIG MSc in Economic Policy Studies TCD H.Dip in Economic Science NUIM MA in Economics and Finance NUIM MA in Sc in European Economic and Public Affairs UCD Train to be a Qualified Accountant You can still follow your career plans even if you are not studying a related degree Law Psychology Business Did you know? Journalism Computers/IT Accounting

6 Conversion Courses Postgraduate Diplomas (UCC) Postgraduate Diplomas Vocational Training Higher Diploma in Computer Science Business & Financial Information Services Co-operative Organisation, Food Marketing & Rural Development Management & Marketing Social Policy Psychology Other University Postgraduate Courses - Business & Media H.Dip. in Business Studies (UCD, UL, NUIG) International Marketing (DIT) Business to Business Marketing (DIT) Applied Communications (NUI,G) Business Studies IT (UCD) MA in Public Relations (DIT) MSc in Advertising (DIT) MA in Journalism (DCU, DIT) Marketing Masters Prog. Smurfit Business School Postgraduate Courses Research/Administration / Law H.Dip.in Sociology & Social Research (UCD) H.Dip/MA in Social Services Administration (UCC) H.Dip/MA in Public Management (IPA) Diploma/MA in Administration &Law (UUJ) MA in European Social Policy Analysis (NUI,M) M.Phil in Social Work Research (TCD) MSc in Social Research Methods (UUJ) Hdip in Legal Studies (DIT) LLB/LLM Masters in Law (UCC) LLB Grad entry (UL) LLM Masters in Law (TCD) Other Career Areas: Administration/Research / Law Public Service Semi-State Bodies Educational Institutions Hospitals/Health Boards Research Institutes Solicitor / Barrister Vocational/Professional Training Courses FAS Graduate Courses Professional Examinations + on-the-job work experience In-house traineeships

7 Option C - Take a Year Out Long-term Career Strategy Make summer work for you Prepare for Homecoming Section 4 Career Strategy Planning for 2004 : -Milk Round Closing dates (Check out Careers website: -Graduate Recruitment Fair (3 rd week in October) -Postgraduate Studies Exhibition ( 1 st week in Feb each year) -Making College work for you What next? Employment Update and target your C.V. NOW Talk to an Advisor Why do you want to be a..?/ Do you know what's involved in the day to day duties of this role? Network Interviewing / Shadow Work Newspapers/Publications/Web Graduate Recruitment / The Milkround Large Irish and International companies visit colleges to present on their graduate recruitment schemes, from the start of the academic year. Most companies are seeking good results irrespective of degree type. Keep an eye on the careers website for company presentation evenings and application closing dates plus details of the Graduate Recruitment Fair (Oct 04) Research the Organisation What Next? Further Study What Next? For everyone Researching & Choosing the Right Course How does this course fit into my bigger career plan? Is this the right course to achieve my career aims and are my aims realistic? Check course content and structure. Check destination of past graduates. How will I finance this course? Information Occupational files Employer files Postgraduate information Prospects Planner Free internet access Booklets/leaflets Careers Service 3/4 Brighton Villas Western Rd. Mon-Thus: Fri: Advice Drop-in service Workshops Careers Talks Placement Milkround Website - Postgrad. fair

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