Economist job

Opportunities for Progression in a Career in Economics Economics is an Evergreen Subject, meaning that it is in great demand at both the national and international levels because of its practicality in our day-to-day lives. This gives economics a wide range of career possibilities. The area of economics is quite intriguing, and it provides a wide range of subfields to study within it. Economist, financial risk analyst, accountant, investment analyst, financial consultant, data analyst, and many more professions are among the career opportunities available to those who study economics. You can discover a comprehensive reference on the employment opportunities available in Economics here.

Opportunities for a Career in Economics and Jobs That Are Available to Economics Graduates

Because of its widespread applicability and significant need in today's labor markets, economics is consistently ranked among the most in-demand academic disciplines. It is also a vital discipline from the point of view of a career as well as a job, and both of these perspectives are important. Globalization and the subsequent integration of economies throughout the globe have both contributed to an increase in available employment possibilities. Not just in India, but also all around the globe, there is a great need for economists who have received adequate education.

How Does One Obtain a Career in Economics?

A bachelor's degree is the minimum requirement to enter the field of economics. There are several undergraduate economics programs available at institutions located all around India. To start a successful career in economics, you may choose to get one of the following degrees at the undergraduate level:

Programs Leading to a Bachelor's Degree:

Economics major with a Bachelor of Arts degree.

A degree in Applied Economics at the Bachelor of Arts level

Bachelor of Arts in Economics and Business Administration

Bachelor of Arts with Highest Honors in the Study of Economics

Economics majors may get a Bachelor of Science degree.

After receiving your bachelor's degree in economics, you have the option of continuing your education by enrolling in one of the many master's degree programs that are available at different colleges. You have the option of enrolling in any one of the following postgraduate programs:

Coursework for a Master's Degree:

Master of Arts in Economic Theory and Practice

Earned the degree of Master of Arts in Econometrics

Master of Arts in Business and Economics Degree Holders

The Master of Arts in Applied Economics degree program.

Master of Philosophy (MPhil) in Economic Theory and Practice

Economics Master of Science (MSc) degree holder

a Master of Business Administration (MBA) degree with a concentration in Business Economics

Curriculum for the Doctoral Degree:

Additionally, you have the opportunity to further your study by obtaining a PhD degree in the field of economics or econometrics.

Curriculum for an Economics Degree

You will receive a general overview of the curriculum for the Economics Degree here, broken down into its several levels. Although the course will be presented in a slightly different way at each university, the subject that we have outlined below will still be covered.

At the undergraduate level, students enrolled in these programs would study topics such as Macroeconomics, Microeconomics, Utility, Elasticity of Demand, Monopoly, Factor Pricing, Interest, Demographic Features, Agriculture and Land Development, Small Scale and Cottage Industries, the infrastructure of the Indian Economy, Macro Variables, Classical Theory of Employment, Source of Revenue, Public Finance, Bank, Money, Inflation, Deflation, and Recession, and so on.

At the postgraduate level, students who are working toward obtaining their Master's Degree in Economics would study topics such as Microeconomic Analysis, Elementary Statistics, Theory of Pricing and Distribution, Macroeconomic Analysis, Quantitative Methods, International Finance, Economics of Industry, Growth Models of Economics, and Issues in the Indian Economy, amongst other topics.

Students at the doctoral level are expected to do exhaustive study on the economics-related ideas relevant to their fields. They are required to send in their "thesis" to the appropriate authorities at this point. Ph.D.s are granted to students by universities only after the submitted theses have been evaluated.

Competencies Necessary to Pursue Professions in the Economic Field

If you possess the following talents, then you will have a greater chance of advancing your career in the field of economics:

If you want to have a successful career in economics, you need improve your mathematical understanding so that you are able to deal with a variety of figures.

You should never let your awareness of current events lapse, and you should analyze the ramifications of current events.

You should be someone who is interested in study and should have the capacity to examine every facet of the economy.

You need to have sufficient motivation, and you should strive for perfection.

You should never lose your patience and constantly try to maintain a good and cheerful outlook.

In a variety of contexts, logical reasoning is required of you.

Building a successful career in Economics requires a solid foundation in mathematical knowledge and skills.

If you want to convey the sophisticated economic analysis to members of the general public who aren't familiar with economics, you need have greater communication skills and more experience giving speeches in public.

Career Prospects In Economics In India | The Best Jobs In Economics & Career Opportunities In Economics

In this article, we will discuss different career opportunities in economics in India:

Options for a Career in Economics: the Teaching Profession

After completing the degree, it offers one of the most promising career opportunities in economics. You can become a teacher if you have a degree in economics and then take either the CTET or one of the other state-level teaching tests.

A candidate who has earned a Master of Arts in Economics with a grade point average of at least 55 percent is eligible to either pursue a doctoral degree in economics at any university or take the University Grant Commission's National Eligibility Test, which is currently administered by the National Testing Agency.

If a candidate does well enough on this exam, they may be able to get a Junior Research Fellowship at one of India's research institutions or become eligible for the position of Assistant Professor at one of India's universities or colleges. Those who have earned a Ph.D. are more likely to have access to a wider variety of employment options across all industries.

Career Opportunities in Economics: The Indian Economic Service.

The IES is another excellent career opportunity in the field of economics. To be eligible to take the Indian Economic Service examination, you must first earn a Master of Science or Master of Arts degree in Economics with a minimum grade of 55 percent. The age range should be between 21 and 30. The IES examination is managed by UPSC.

After being chosen, candidates are required to participate in activities such as economic planning and analysis inside the country's Planning Commissions. They are also eligible for positions in the National Sample Survey, the Planning Board, the Ministry of Economic Affairs, and any other government agencies that need individuals with expertise in economics.

Alternative Professions in the Field of Economics: Banking Work in the Public Sector

It is the most prevalent and well-known area of specialization within the Economics field. Examinations developed specifically by the Reserve Bank of India are used to select candidates for the position of economist in the banking industry. There should be a cap on age between 21 and 28 years old.

At addition, there are employment opportunities available in research institutions such as the National Council of Applied Economic Research in New Delhi, the Indian Council of Social Science Research, the Institute of Economic Growth in New Delhi, and other similar organizations. To get employment in the banking industry, candidates may demonstrate their qualifications by taking the IBPS and State Bank recruiting exams.

Career Opportunities in Economics: Private and International Banks

A person with a degree in economics has opportunities to work in both private and foreign banks. The job profiles that are accessible in the banking industry include branch managers, clerks, economic counselors, development officers, and other similar positions.

Career Opportunities in Economics: International Organizations

Employment possibilities are available at reputable international organizations such as the World Bank and the International Labor Organization for seasoned and well-known economists. These organizations include the World Bank and the International Labor Organization.

Options for Professions in Economics: Working as a Consultant

Graduates of economics programs are qualified to operate on their own as economic consultants. In the case of the private sector, several scientific research and consultancy businesses may be able to provide good employment prospects.

Career Options in Economics: Starting Your Own Business

Economists will have a comprehensive understanding of the market. They will acquire an instantaneous comprehension of the market tendencies and lucrative company fields. Therefore, by starting their own company, individuals have the potential to quickly experience exponential development. Therefore, this approach has the potential to provide a significant number of new employment openings. It would also be beneficial in reducing the problem of unemployment that the nation is now facing.