Economics and Statistics

Working in the Economics or Statistics sector involves researching, analysing and interpreting complex data to provide insights and recommendations that significantly influence decision-making in government, business and non-profit organisations. The sector is dynamic and fast-paced, constantly shaped by rapidly changing national and global events.  Analysts must stay up to date with current affairs and be prepared to adapt their analyses swiftly. The high-pressure nature of the work means that decisions based on your analysis can have significant economic, political, or social consequences, emphasising the need for quick thinking and adaptability.   

Working in economics or statistics offers the opportunity to engage with some of the most pressing and complex issues facing society today. It’s a career that demands intellectual rigour, critical thinking, adaptability, and a commitment to making informed contributions to important decisions. You'll be constantly challenged and stimulated by the dynamic nature of the work. 

Combining expertise from economics and statistics you will frequently work in interdisciplinary teams in a collaborative environment.  Government, Research and Intelligence sectors offer a broad range of analytical, research, and strategic roles in diverse work environments. This diversity provides opportunities for individuals with different skills, interests and career ambitions. 

Government Agencies: Analysts might work in departments like the Treasury, Work and Pensions, or Health, providing insights that shape public policy and national strategies. 

Private Sector: Companies, especially those in finance, consulting, medical or multinational corporations, hire analysts to assess economic trends, political risks, and social dynamics that could impact their operations. 

Think Tanks & NGOs: These organisations focus on issues like human rights, climate change, or economic development, often influencing policy debates and public opinion. 

Sector careers advice, news and insights 

Career Zone resources 

 Find out what it’s like to work in National Security at the Secret Intelligence Service (MI6), MI5, GCHQ, NCSC or NSA. 

Read the following articles or watch the videos to get a feel for some of the roles within the sector: 

 Job Profiles (from Prospects) 

If you are interested in these roles you might also be curious to read about the following sectors

Every employer is different so there are no definitive lists here.  These are meant as a guide and should be considered in addition to fully exploring role requirements outlined in person specification, job description and advert for each role you consider applying for.  

Both specialist and transferable skills are required to work within the fields of economics and statistics.  Many roles have a strategic, logical and analytical focus, whilst others are more research-based, requiring strong communication skills.  Below are just some of the skills that many of the roles in the sector require. 

  • Analytical skills: Strong ability to process and interpret complex datasets, recognising patterns, and making informed predictions. 
  • Research skills: Proficiency in quantitative and qualitative research methodologies, including data collection, statistical analysis, and report writing.
  • Critical thinking: Ability to assess the validity of sources, understand biases, and construct logical arguments.
  • Verbal & written communication skills: Ability to present findings clearly to both technical and non-technical audiences, often through reports, presentations, and briefings.
  • Subject matter expertise: Deep knowledge of specific regions, industries, or issues is often required. This could include understanding economic theories, political systems, or social structures.
  • High levels of accuracy and attention to detail: accuracy is hugely important when it comes to statistics, economics and reporting.
  • Commercial awareness: an excellent understanding of business, key economic, social and political drivers as well as current affairs (for economic roles). 

To develop these skills, remember Career Zone offers a range of Personal and Professional Development sessions which are available to book on Handshake and run at least once per term. Please also read through the sections about Gaining Experience and Further Study and Professional Development to discover how you can develop your skills through experience and by gaining further knowledge or qualifications.   

All experiences ranging from volunteering, active involvement in clubs/societies can help you to develop relevant and transferable skills. You may wish to consider involvement in: 

Voluntary Work 

Voluntary work experience will give you an opportunity to develop your communication, organisation and other skills.  Perhaps you might also be able to analyse data or make suggestions for improved processes which would provide useful experiences for a working in government or at an NGO.   

University of Exeter Employability Schemes 

  • Pathways to Charity and Development: A sector-specific training programme consisting of courses and a paid week-long internship in June or July each year.
  • Career Mentor Scheme: An award-winning employability scheme which matches a student or graduate with an experienced professional for sector insight and one-to-one career advice and guidance over a 6-month period.
  • Career Zone Internship schemes: Internships can be extremely useful, so try and get relevant vacation work or placements. Search for Student Campus Partner (SCP)or Student Business Partner (SBP) roles on Handshake.
  • Exeter Award: The Exeter Award will help you stand out from the crowd and give you the confidence to shout about the experiences you've had at university.
  • The Global Leaders Experience is a unique opportunity to develop your intercultural skills as part of a short, outbound mobility experience
  • Grand Challenges is a project week in June each year in which you work in interdisciplinary groups with other like-minded students to design innovative solutions to real world challenges.
  • Other Exeter Employability Schemes can be found here 

Developing Commercial Awareness 

Try to keep up-to-date with industry news and events. This is important for your applications and interviews so you know about recent developments and key news stories. Some suggestions are: 

Networking 

  • Use the LinkedIn Alumni tool to connect with Exeter alumni working in this field.  Join relevant sector-specific groups to gain insights and learn more.  

Speculative applications and where to find opportunities 

Undertaking relevant work experience will also allow you to develop new skills and gain a valuable insight into the sector. As jobs and opportunities are not always advertised, it can be useful to develop your networking skills and apply speculatively. Before visiting the sites below you may find it useful to read our Researching employers page. 

 

Finding Part-time Work  

Many students work part-time during their studies.  Part-time jobs are often found in the hospitality or retail sector where you can gain transferrable interpersonal, communication and teamwork skills.   

Search for part-time work here:

  • Handshake.  
  • General job sites such as Find a Job or Indeed (filter on “part-time” and “Exeter” or “Penryn”).
  • Identify and call into local businesses with your CV to ask about part-time jobs.
  • Attend the part-time / casual jobs fair, held twice yearly on Streatham Campus.
  • Penryn Campus Careers Fairs 

Virtual Work Experience 

  • Forage provides short virtual internships in a range of sectors, with opportunities to connect with employers.
  • The Bright Network provides virtual internships in a range of sectors and fast-track opportunities for graduate programmes and internships for virtual-intern alumni. Look out for the Bright Network annual June internship week. 

Competition can be strong, especially for entry-level positions. Use the following resources to find advertised vacancies and get help with researching employers 

For general information about finding graduate opportunities, please visit our Graduate Jobs page.

Graduate schemes and internships 

Graduate Jobs 

Economist / Statistics  Roles 

Civil Service & Government 

Intelligence  

  • MI5
  • MI6 (Secret Intelligence Service)
  • GCHQ- Communications work for linguists, political analysts and IT specialist
  • Dstl- Defence, Science and Technology Laboratory 

Recruitment Agencies 

There are a wide range of recruiters who advertise economist, analyst and statistician roles and for graduate and entry-level positions. See Agency Central for a list of specialist recruitment agencies and search by sector. Ensure any recruiters you connect with are members of a professional body such as the Chartered Institute of Personnel & Development or the Recruitment & Employment Confederation.  Some of the main recruitment agencies for economists and statisticians include srs, Murray McIntosh and economistjobs.com Datatech Analytics  

Placements  

If you are interested in finding out more about work placements, you can also access the Work Placements SharePoint via Single Sign-On. This resource covers all aspects of credit-bearing work experiences as part of your degree, including what a placement is, how to apply for them, and bespoke information for international students or those interested in working abroad. 

  • Bank of England offers a range of work experience opportunities, including industrial placements 

Local and Regional Opportunities   

  • Areas of opportunity in Devon and Cornwall can be explored on the following websites: 

Further sources of support 

If you are an international student, visit our international webpages for help finding opportunities both in the UK and globally. 

To find opportunities outside the UK use GoinGlobal. 

For help with making speculative applications you may find it useful to read our Researching employers page. 

Some individuals decide to undertake further study to develop their skills and knowledge of the sector and related occupations. Not all roles or employers will require this, so it is important to research entry requirements and employer preferences before committing to additional training or qualifications. Use the sites below to research your further study options.  

Click here to look into Masters Courses around the UK, focused on Economics on the Find a Masters platform.  Or if you would prefer to stay at the University of Exeter, click here.   

Information and links from professional bodies 

If you have studied a related degree, check if your course is accredited by one of the professional bodies. Being a member of a professional body is voluntary; however, it can be valuable for developing networks, continuing your professional development, and generally keeping up to date with what's happening in the sector.  

Advice 

If you are considering postgraduate or doctoral level study before entering your chosen sector, please visit our Postgraduate Study page for more information about choosing further study.