Economics graduates will be entering careers which involve studying and problem-solving as it relates to allocating or distributing resources, money, knowledge, time, capital, labour. The career prospects in this field are very good. You can find Economics Graduate Jobs in nearly any profession or industry.
Some of the industries available to you include:
These jobs will be split in either the public or private sector. Private sector Economists may be called upon to analyse domestic and international markets. Public sector workers usually play roles in government policy and market regulation analysis and design.
Government offices such as the Reserve Bank of Australia, Australian Treasury, The Productivity Commission, Australian National Audit Office, and The Australian Bureau of Statistics. Additionally, international companies and nonprofit organisations are also keen on hiring Economics Graduates. For instance, the World Bank, the Organisation for Economic Cooperation and Development, and the International Monetary Fund. Local government agencies, non-profit groups, and banks are also looking for someone who can analyse their funds accurately.
In Australia, an average Economist salary is AU$76,294 per year. This depends on experience and can go as low as AU$50,508 or as high as AU$124,001.
Your salary is linked to the location you will be working in. In larger centres, you can expect to make a bit more than the low end of the average salary as a new graduate. After a little more experience, you may be earning as much as AU$128,468 per year.
You would be well served by first deciding which areas you wish to live in the country. From there, you can then look at costs of living compared to the average starting salary. For instance, you will need to know basic prices for transportation, housing, food, and more. When adding up basic expenses, use the low end of the average starting salary and see if the figure left over is adequate for your needs.
From there, it can be a simple matter of deciding upon an industry to start out and checking private or government job banks for available positions.