Economics

Introduction

Did you know that there are over 2 million job titles and over 900 industries in Canada? That is a lot of possible career options! Understanding the Canadian economy and the types of jobs that are available is one of the best ways to begin your career search.

Students often report feeling limited by their degree choice and worry that they may not have many viable career options. Although your degree can point you in a career direction, it will not necessarily determine the type of job you can pursue. Unlike many college programs, your undergraduate degree is not intended to train you for one specific job. Some students may feel frustrated by this, but the great news is that your degree opens up many more opportunities than you may think!

Employers today are looking for graduates with transferable skills and people who have a sense of where they fit into the world of work. Because of this, it is really important to think beyond your degree when making a career decision. You want to consider all of your interests, the skills you would like to use, what fits with your personality, and the values that you have.

Determining your career path requires a lot of research, both personal and occupational. It's almost impossible to make a career decision if you haven't invested time in both of these things. This section will get you started and will showcase some popular industries and occupational areas related to your degree.

Business and Financial

This sector comprises establishments primarily engaged in financial transactions or in facilitating financial transactions. Included are:

* establishments that are primarily engaged in financial intermediation. They raise funds by taking deposits and/or issuing securities, and, in the process, incur liabilities, which they use to acquire financial assets by making loans and/or purchasing securities.

* establishments that are primarily engaged in the pooling of risk by underwriting annuities and insurance. They collect fees, build up reserves, invest those reserves and make contractual payments. Fees are based on the expected incidence of the insured risk and the expected return on investment.

Sample Job Titles:

Economist

Economists and economic policy researchers and analysts conduct research, monitor data, analyze information and prepare reports and plans to resolve economic and business problems and develop models to analyze, explain and forecast economic behaviour and patterns. They advise on matters such as finance, fiscal and monetary policy, international trade, agricultural and natural resource commodities and labour and industrial markets. They are employed by government departments and agencies and throughout the private sector in associations, unions, research organizations, banks and investment firms.

Social policy researchers, consultants and program officers conduct research, develop policy and implement or administer programs in areas such as consumer affairs, employment, home economics, immigration, law enforcement, corrections, human rights, housing, labour, family services, foreign aid and international development. They are employed by government departments and agencies

Sample Job Titles:

Educational Services

The Educational Services sector comprises establishments that provide instruction and training in a wide variety of subjects. This instruction and training is provided by specialized establishments, such as schools, colleges, universities, and training centers. These establishments may be privately owned and operated for profit or not for profit, or they may be publicly owned and operated. They may also offer food and/or accommodation services to their students.

Educational services are usually delivered by teachers or instructors that explain, tell, demonstrate, supervise, and direct learning. Instruction is imparted in diverse settings, such as educational institutions, the workplace, or the home, and through diverse means, such as correspondence, television, the Internet, or other electronic and distance-learning methods.

Sample Job Titles:

Law Practice

Further education is required.

The legal services industry incorporates a range of services for clients requiring legal assistance. Opportunities are available in private practice, the public sector and in-house in industry and commerce.

Global recession and economic factors have resulted in law firms restructuring, downsizing and in some cases merging or closing. Further changes within the industry are emerging following the Legal Services Act 2007, enabling law and non-law firms to merge to form alternative business structures. Cuts within the Legal Services Budget have resulted in a reduction in firms offering publicly funded work being awarded contracts, putting greater pressure on the pro bono and voluntary legal advice sector.

Sample Job Titles:

Media & Communication

Media and communications is a collection of companies involved in telecommunications equipment and services, television and radio broadcasting, motion picture/video production, and publishing. The media and communications industry makes the world a smaller place by entertaining, informing, and connecting people around the world.

The Media and Communications industry is Highly Concentrated. The production in this industry is dominated by a small amount of large firms that are able to shape the industry’s direction and price levels.

Sample Job Titles:

Publishing

Publishing is made up of a diverse group of industries including: Books, Directories and Mailing Lists, Journals, Magazines and Business Media, Newspapers, News Agencies and other Information Services.

From the printed word to online, the occupations and roles involved are many and varied. Whether a journalist, commissioning editor, designer or an advertising executive, multimedia formats mean the industry is at an exciting time and subject to rapid change.

Sample Job Titles:

Other Industries

This section has highlighted a number of popular industries and job titles that align with your academic program; however, it was by no means an exhaustive list of all the possible options available to you with the degree you possess. Access the resources below to learn about other industries and job titles that are a fit for you.

Canadian Industries: Browse through over 900 Canadian Industries.

LinkedIn: Search through thousands of Western Alumni by degree.

National Occupational Classification (NOC): The national reference on occupations - organizes over 40,000 job titles.

Informational Interviews: Find out about jobs and career paths you never knew existed.

CareerCruising: Peruse career & further educational options (visit the "Resources" section of CareerCentral for the username & password).

Working in Canada: The leading source for labour market information in Canada.

US Occupational Outlook Handbook: Browse hundreds of occupational profiles.