Macroeconomics jobs in the finance industry are plentiful if you know what you’re looking for. Macroeconomics is the study of big-picture economics – things like inflation, government policies, and overall economies in action. If this is your thing, then look no further than to the following five career opportunities today.
Data Scientist
As their name suggests, data scientists are researchers of information, or data. These scientists may be employed by financial institutions, government bodies, marketing groups, and even utility companies. In the macroeconomic respect, these scientists will spend most, if not all of their time working with statistical models, data sets and their management, and forecast development. The core purpose of all work here is based on designated organizational financial strategy as well as the pursuit of it.
Business Analytics Analyst
Much like data scientists, business analytics analysts seek to find answers and data specific to their organization’s ongoing missions and strategies. This is done through a wide variety of data harvesting techniques including financial database combing, pipeline resource use, and relevant third-party data sources. Once the desired data has been found, this professional is often called on to help administer such data and findings into their organization’s marketing approach, workforce, policies, and so on.
Research Investment Associate
Investment firms rely on all sorts of information and resources in order to make extremely important investment decisions on a daily basis. Part of this decision-making process relies on the valuable input of research investment associates. These professionals essentially follow a vast array of global events and trends and then report those implications back to their organization. Proficiency in presentation-making and research are key traits in this particular occupation.
Business Process Consultant
The business process consultant is another form of what is called a “portfolio manager.” In this position typically offered by banks and other financial institutions, one is responsible for providing valuable strategic guidance in investment choices made by the bank on account of its customers as well as its own investment endeavors. In order to provide such guidance, one must understand and watch the markets closely in addition to constantly applying macroeconomic forecasting concepts to those real-life scenarios. Done right, this professional’s work will make and also save their investing clientele plenty of money.
Foreign Exchange Trader
As this profession’s name suggests, this important position is all about imports, exports, and the maximization of profits based on the trade of those goods and services. All work here begins with analysis and macroeconomic modeling in order to create direction and strategy. From here, the trader can execute trades and sales with foreign and domestic clientele. This is not a lone-warrior position, though, as plenty of teamwork is required by a number of professionals in order for such trading to all work out in the end.
Related Resource: What is a Loan Officer?
Macroeconomics, the study of markets and government actions on them, is certainly a valuable tool in many institutions today. As a result, there are plenty of valuable career opportunities in this realm to be had for those possessing the needed knowledge and skills. These five above-mentioned opportunities represent just a small handful of the many, fantastic macroeconomics jobs in the finance industry available today.
