The Fastest Growing Research Areas in Economics and Finance

Thinking about a PhD in Economics or Finance? You're definitely not alone! With global economies and financial systems constantly shifting, more and more students are diving into research areas that are in line with the latest trends.

Not only can this give you the chance to make a real impact, but it could also give your career a major boost when you graduate. Let’s take a look at some of the fastest-growing research areas in economics and finance and see if anything grabs your attention.

This information is based on real data from FindAPhD.com, showing exactly what students like you are searching for right now.

#1 Banking (+35%)

The banking sector is undergoing a remarkable transformation, with a staggering 35% growth in research. This surge can be attributed to the rise of fintech, regulatory changes, and the need for sustainable banking practices. If you're pondering whether a focus on banking is right for you, consider this: what specific challenges in the banking sector are you passionate about addressing?

PhD research in banking can lead to numerous career opportunities, from roles in academic institutions to high-level positions in banks and financial consultancy firms. With the financial landscape shifting rapidly, expertise in this area is invaluable.

#2 Investment (+33%)

Investment research is another hot topic, showing a 33% increase in interest. As markets become more volatile and investors seek innovative strategies, the demand for research in this area is on the rise. But before you dive in, ask yourself: which investment strategies or asset classes intrigue you the most?

By focusing your PhD on investment, you’ll be well-positioned to provide insights into market trends and help shape future investment strategies. Graduates with a strong background in investment are highly sought after in hedge funds, private equity firms, and financial advisory roles.

#3 Macroeconomics (+7%)

Macroeconomics is crucial for understanding how economies function on a larger scale. With a 7% growth in research, this area remains relevant as global economic challenges arise. If you're considering this path, think about this: how can your research contribute to solving current macroeconomic issues?

A PhD in Macroeconomics opens doors to careers in government agencies, international organisations, and think tanks. Your expertise can influence policy-making and help governments navigate complex economic landscapes.

#4 Actuarial Science (+7%)

Actuarial science is another field experiencing a 7% growth in research interest. As businesses and governments increasingly rely on data to manage risk, actuaries play a vital role. Before committing to this path, reflect on: do you enjoy working with numbers and statistics to solve real-world problems?

A PhD in Actuarial Science can lead to exciting opportunities in insurance companies, pension funds, and consulting firms. With the increasing complexity of risk assessment, your skills will be in high demand.

Conclusion

As you consider pursuing a PhD in one of these trending research areas, remember that your choice can significantly impact your future career. Not only do these fields offer the chance to delve into significant research, but they also enhance your employability in a competitive job market.

So, which area excites you the most? Take your time to explore and reflect on these questions before making your decision. If you're ready to embark on your academic journey, don’t hesitate to explore thousands of popular PhD degrees around the world. Happy researching!

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Where is this data from?

The popularity of our platforms means we can reveal exactly what other students like you are looking to study right now. Our student data is based on millions of searches across FindAPhD, uncovering the current trends for international study and the hottest specialisms in different subject areas.