Is an economics degree useful for a career in consulting?
Yes. An economics degree can be useful for consulting because it develops skills in quantitative analysis, problem-solving, interpreting data, and understanding markets and organisations. It is not a universal requirement, however: consulting firms recruit graduates from a range of subjects, and relevant experience, communication, teamwork, commercial awareness, and case-interview preparation may also be important.
Key points
- Economics can be particularly relevant to economic, policy, financial, market, and business strategy consulting.
- Modules involving statistics, econometrics, data analysis, and applied economics may provide useful preparation.
- Internships, projects, societies, and practice with structured problem-solving can help demonstrate consulting-related skills.
Things to check
- Requirements and selection methods vary by employer, country, and type of consulting, so check current information from the firms or roles you are considering.