Economics refers to the practical and theoretical science of the manufacturing and distribution of wealth. Students may study economics as a bachelor's, master's, or doctoral degree program. Also there are diploma and certification courses offered in economics. Globalization and rapid economic growth have greatly expanded the employment opportunities in the last two decades.
The various job profiles offered are:
- Financial Risk Analyst
- Economic Researcher
- Investment Analyst
- Agricultural Economist
- Business Economist
- Cost Accountant
- Professional Economist
- Equity Analyst
- Data Analyst (Banking Sector)
- Financial Planner (Banking Sector)
- Financial Economist
You can also read Career as Economist .
There are various career option in this field:
Financial risk analyst
Public sector roles
Banking: Graduates with a background in economics are particularly valued for roles in financial control, financial planning, risk analysis, data analysis and consultancy. With a focus on keeping the financial requirements of clients and businesses on track, banking careers are largely concerned with advising and providing services for a range of banking clients and consumers.
Accountancy: Careers in accountancy typically focus on recording, classifying, interpreting and communicating financial data, requiring strong analytical skills, mathematical proficiency, computational ability, an understanding of all elements of company finances, and the ability to contextualize the data collected.
Business and financial consultancy: Economists and economics experts are at the heart of the business world and financial consulting. Roles within the business sector vary widely, but economics graduates may find positions in large and medium-sized business organizations where economic research is required.
Public sector: job roles vary hugely, economist careers in the public sector are often involved in public taxation, transport, commercial and waste services, energy and other forms of government spending.
Other common economics careers and roles include auditor, stockbroker, insurer, business manager, retail merchandizer, pricing analyst, statistician, financial consultant and salesperson.
Well, you may want to also consider these broader options: business intelligence, international development, human resource management, IT, journalism, law, management, market research, politics, public relations, social research and taxation. Or, you could even become an entrepreneur and start your own business! I hope this will be useful for your career.
The career prospects for economics graduates are many. Numerous fields are waiting for economic graduates both in the public as well as the private sectors. In the government sector, one may try for Indian Economic Services, jobs in Reserve Bank of India, PSUs and other public sector banks. All these jobs have wonderful career options. These jobs give you social prestige along with financial stability. Private sector also offers jobs for economic graduates in the fields like private banks, MNCs, BPOs, KPOs, Business journals, and newspapers. A good opportunity is also waiting for economic students in higher education. One can pursue Ph.D. in economics to enter into the field of teaching in colleges and universities.
One makes a successful career as a Corporate Lawyer after BA in economics followed by LLB. BA in economics and MBA placed one at a better position in the private sector. Economic Journalism is another shining area for job perspective. You can prepare for UPSC and take Economics as your graduation subject.