Economic career option . High salary in this field

Hi Tannu, to answer your further questions.

Pursue a Bachelor's Degree: To become an investment banker, start by pursuing a bachelor's degree in finance, economics, or a related field.

Consider pursuing optional certifications such as Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) to enhance your qualifications and demonstrate your expertise in specific areas.

Hi Tannu,

Economics is the study of deep insight in economical functions at macro and micro levels to handle the global market. It is the science of economic system and theories that manages production, distribution and consumption of goods and services. Economics favours quantitative skills and critical thinkers.

Fields involved in economics are

1. econometrics ,

2. international economics,

3. economic policy making ,

4. public finance,

5. development economics,

6. monitory economics, etc .

Candidates aspiring for career in Economics must have passed the 10+2 (HSC) examination from recognized Board/University with Economics as one of the recommended subjects. One can move on to pursue Bachelor's degree in Economics followed by a Master's Degree or Doctor of Philosophy degree for prospective economists to be competitive. However, job prospects are open after graduation itself.

Trending Field: Business Economics, Monetary economics, Financial economics

With growing economy worldwide, economists are in great demand in colleges and universities, banks, rating agencies, securities firms etc. Some of them can pay an economist in 6 figures.

Hello Tannu,

An economics career offers diverse high-paying opportunities. Here are some lucrative career options:

1. Data Scientist/Econometrician

• Role : Analyze and interpret large datasets to identify trends, especially in finance or market research.
  
  
• Salary : Rs.10-30 LPA for experienced professionals in India; higher internationally.
  
  
• Skills : Statistics, programming (Python, R), and machine learning.
  
  2. Investment Banker
  
  
• Role : Advise on mergers, acquisitions, and raising capital for businesses.
• Salary : Rs.12-50 LPA in India; can exceed Rs.1 Cr globally with bonuses.
• Skills : Financial modeling, valuation techniques, negotiation.
  
  3. Financial Analyst
  
  
• Role : Provide insights on investments, stock markets, and financial health.
• Salary : Rs.6-15 LPA in India; higher with CFA certification.
• Skills : Strong quantitative analysis, Excel, financial knowledge.
  
  4. Economist
  
  
• Role : Work in think tanks, government, or international organizations like IMF, World Bank.
  
  
• Salary : Rs.8-25 LPA in India; globally, dollars 80,000-150,000 per year.
• Skills : Policy analysis, forecasting, and statistical methods.
  
  5. Actuary
  
  
• Role : Assess financial risks using mathematics and statistics, mainly in insurance.
  
  
• Salary : Rs.8-20 LPA; internationally, 100,000+ dollars.
• Skills : Actuarial science, risk management, statistics.
  
  6. Corporate Policy Analyst
  
  
• Role : Formulate economic and financial policies for corporations.
• Salary : Rs.10-20 LPA in multinational firms.
• Skills : Economics, strategic planning, business acumen.
  
  7. Academia and Research
  
  
• Role : Professors or researchers in reputed institutions.
• Salary : Rs.6-15 LPA initially; higher with seniority and global research grants.
• Skills : Advanced economic theories, writing, and teaching.
  
  8. Market Research Analyst
  
  
• Role : Study market conditions to determine potential sales.
• Salary : Rs.4-12 LPA; international roles offer more.
• Skills : Research methods, consumer behavior analysis.
  
  9. Policy Advisor
  
  
• Role : Advise governments or organizations on economic and social policies.
• Salary : Rs.15-30 LPA with organizations like UN, OECD, or private consulting.
• Skills : Policy modeling, global economic trends understanding.
  
  10. Management Consultant
  
  
• Role : Optimize business efficiency and profit.
• Salary : Rs.15-30 LPA in top firms like McKinsey, BCG.
• Skills : Problem-solving, presentation, and leadership.

A mix of strong academic qualifications (economics, finance, or related fields) and certifications (CFA, FRM, Actuarial Science) greatly enhances career prospects.

For more details, you can check out an article by Careers360 whose link is given below:

Link: https://www.careers360.com/careers/articles/career-options-after-ba-economics

I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.

Thank you and wishing you all the best for your bright future.