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What is an economics personal statement?
An economics personal statement should describe your motivations for wanting to study this subject. It tells the university who you are and why you will make a great economics candidate. Whether you're applying for an undergraduate or postgraduate course, it's crucial you present yourself in the best possible light to convince admissions tutors you will be a valuable asset to their department.
Your economics personal statement will be used by universities to decide whether you are a good student to study economics, and whether they want to offer you a place on their course.
How do I write an economics personal statement?
We recommend you start your economics personal statement by jotting down some ideas about your skills, experience, hobbies/extracurricular activities, strengths and ambitions for the future. Our personal statement template can help you structure your thoughts into coherent and concise paragraphs.
Start early and give yourself plenty of time to re-draft your economics statement, and proofread it for spelling and grammar. You will need to go through at least three or four revisions before you have a final, polished draft.
Once you're happy with it, make sure you check it for spelling and grammar (don't just rely on Spellchecker for this). Get someone else to read through it if you're worried you might miss something. You can then think about pasting it into your UCAS form, ready to send off.
What should I include in my economics personal statement?
- Be specific and try to give examples of your problem-solving and analytical skills, both of which are important in an economics degree.
- If you’re applying for a joint honours, e.g. economics and maths , then tailor your statement so you relate it to both of these subjects.
- A business management and economics personal statement might mention a role of responsibility, such as leader of your student debating society or head boy/girl at your sixth form. Or for an economics and finance personal statement , you could mention managing money at your Saturday job.
- Any hobbies or other activities you are involved in outside of school should always be linked to your economics course. If you don't feel something is relevant, then don't mention it - remember you only have a limited space of 4,000 characters, so every word has to earn its place. Our personal statement length checker can help you with this.
- Round off by talking about your career plans and any other ambitions you have for the future. Mention how your economics degree is going to help you achieve this.
How do I write the introduction for my economics personal statement?
Your introduction should pick out one or two aspects of economics that you particularly enjoy or are passionate about. For example, you might talk about your interest in current affairs and world development, and include one or two situations that made you want to study economics in more detail. This could be anything from a fiscal decision made by the Bank of England, or a how a civil war in another country has affected their levels of income.
By starting with an anecdote, or a specific situation you've read about or experienced, you will have a better chance of drawing the reader in, and making them want to finish reading your personal statement.
Whatever you choose to open with, it should be reflective and persuade the admissions tutors that this is the only subject you want to go on to study at university.
Economics personal statement introduction example
To help demonstrate what you should include in your opening paragraph, take a look at this great example below, where the writer uses their experience of growing up in a poor country where wealth was unevenly distributed as a catalyst for developing their interest in economics:
"Being born and brought up in a country where an uneven distribution of income is a norm, the poor live on a minimum wage of Rupees 115 a day, whilst the billionaires form the sixth largest group in the world. This vast contrast between the rich and the poor has always intrigued me and I have often questioned how this economy India, functions with such instability and chaos."
Here is another good example from another student, who talks about how their studies of the Great Depression ignited their appreciation for economics:
"Studying the Great Depression in the USA in 1929 for my extended project is when I started to fully appreciate my interest in economics. Being able to analyse and argue the issues within my extended project and relate it to the current economic crisis has awakened my passion for the subject further, especially as this subject is covered extensively in the news and media. This shows that economics is an essential factor of our society. Studying this subject in university will equip me with the knowledge to understand the economy thoroughly. "
Hopefully these examples will inspire you to write your own introduction for your economics statement that will grab the reader's attention and make the admissions tutors want to offer you a place on their course.
How do I write a conclusion for my economics personal statement?
Your conclusion should encompass where you hope your economics degree to take you, and what you hope to achieve in the future. This might include your career ambitions, or moving on to a postgraduate course to further enhance your education.
You may also wish to reiterate why are enthusiastic about applying for an economics degree, and why you think you will be a good student for this particular course.
Don't round off your statement with something vague, or by repeating something you've already mentioned elsewhere in your UCAS application. You only have 47 lines of space in which to sell yourself to the admissions tutors, so don't waste it!
Economics personal statement conclusion example
To help you write your concluding paragrapgh, take a look at this example below, where the writer talks about using the knowledge they will gain in real life situations, and how they enjoy learning about the effects of economics on a daily basis:
"I am very passionate about studying economics because I look forward to developing my current knowledge, and applying it to real life situations. I believe my desire to keep in touch with today’s economics is what will allow me to thrive in higher education."
This writer chooses to talk about applying for a Masters program once they complete their degree, and taking up internships during their summer break to gain more work experience:
"My aspirations upon graduation from University would be to advance my studies in a similarly themed Masters program or work in international development. I plan on taking internships throughout the summer breaks to gain more work experience and help me fund my student lifestyle. I am looking forward to learning and developing in various economic subjects and am excited about the opportunities that I’ll have both as a student and once I graduate."
Hopefully these two examples will help you write your own conclusion for your economics personal statement, and round it off in a way that will make it stand out from the crowd.
For more help and advice on what to write in your economics personal statement, please see:
- Personal Statement Editing Services
- Personal Statement Tips From A Teacher
- Analysis Of A Personal Statement
- The 15th January UCAS Deadline: 4 Ways To Avoid Missing It
- Personal Statement FAQs
- Personal Statement Timeline
- 10 Top Personal Statement Writing Tips
- What To Do If You Miss The 15th January UCAS Deadline.
What can I do with an economics degree?
There are many different options for those choosing to pursue an economics degree. These include:
- business analyst
- financial consultant
- investment analyst .
However, there are also many other career paths where an economics degree could be useful, such as:
- data scientist
- economic development officer
- quantity surveyor .
For more advice on what you can do with your economics degree, please visit TopUniversities and Prospects .
What are the best UK universities for economics?
Currently, the best UK universities to study economics at for 2023 are:
For more information on UK university rankings for economics, please see The Complete University Guide and The Telegraph.
Further resources
For more information and advice on economics degrees and careers, please see the following:
- 9 Economics Degree Jobs
- Careers in Economics - LSE
- 10 Jobs for Graduates With An Economics Degree
- What jobs can you get with an Economics degree in the UK?
- Economics - Career Pilot
- What to do with an Economics degree - Bright Network
Related resources
Economics statement analysis.
Find out more
UCAS Economics Subject Guide
Careers In Economics
National Careers Service: Economist
Economics Courses
Economics Degree Jobs
Economics University Rankings 2023
Economics Degree Guide
