Future Workforce Needs in Economics Discussed with Labor Market Representatives at Baku Business University

On September 30, 2026, a working meeting entitled “Analysis of the Relevance of Educational Programs to Labor Market Needs and Applicant Demand, and Forecasting of Student Admission Plans” was held at the Department of Economic Theory of Baku Business University.

Alongside representatives of Baku Business University, the meeting was attended by representatives of the labor market and business sector, including Israfil Mirzai, Sales Director at Caspel; Ugur Mahmudov, Marketing Director at Ozio Ecosystem; and Samir Mahmudov, Business Development Manager at GFC LLC.

The main purpose of the meeting was to discuss current and future labor market requirements for graduates in Economics and identify employers' expectations of modern economics professionals. Participants also exchanged views on improving the educational program in response to changing labor market needs and developing the student admission plan for the upcoming academic year.

The discussions focused on the professional and digital skills required of economists in today's labor market, particularly business analytics, data analytics, financial modeling, and the use of digital tools. Employer representatives emphasized the importance of analytical thinking, data analysis, digital literacy, and practical problem-solving skills alongside fundamental economic knowledge.

The meeting also addressed the alignment of the Economics curriculum with contemporary labor market requirements, the strengthening of practice-oriented education, the organization of student internships at partner companies, and the expansion of university–business cooperation.

Following the exchange of views, the participants agreed to continue cooperation aimed at improving the educational program, developing students' practical skills, and strengthening graduates' readiness for the labor market.

At the conclusion of the meeting, participants emphasized the importance of taking employers' feedback and recommendations into account when developing the admission plan for the next academic year and determining the future development priorities of the Economics program.

Baku Business University remains committed to maintaining close cooperation with labor market representatives, aligning its educational programs with the evolving needs of the modern economy and business sector, strengthening students' practical training, and facilitating graduates' integration into the labor market.