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Career as an Economist

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About Career as an Economist

The study of economics is aimed at carrying out activities in such a manner to obtain optimum benefit by allocating resources like raw materials, land, capital, technology and labour. Economists achieve such objectives by researching and monitoring of demands and supply, exchange rates, business trends, taxation, employment rates, inflation, and costs of materials and based on this they try to find trends and develop predictions. Further, globalization and consequent merging of world economy has widened the career prospects of economics student in business, education, government, and the non-profit sector.
 

Career Prospects of Career as an Economist

A graduate in Economics can aspires many entry-level jobs in banking, finance, insurance, stock markets, sales and marketing as well as corporations like consulting firms or government departments. They can also begin their career with government enterprises, public undertakings, investment firms, business journals and newspapers. The Indian Economics Services and Reserve Bank of India are also excellent options open to those who want to join government services. However, the more ambitious students of economics can go for MBA degrees offered by many institutions. As a general option to all social science students, economics student can opt for journalism, law etc to diversify their career opportunities. Those who have keen interest in higher studies and research can opt for M.Phil. and Ph.D. and thereby aspire to take higher position in public and private sector. They can also take up teaching as a career in various colleges, universities and professional institutions. Some others may choose to enter non-profit institutions like NGOs. Economic consulting is another option available for students from economic background. However, the foremost growth potential for economists lies in the private sector and most notably in scientific research and consulting firms. Besides merging of world economy gives ample career opportunities in international financial institutions and research activities.
 

Skills & Education Required for Career as an Economist

Most of the colleges and universities in India offer Bachelor and Master’s degree course in Economics. Doctoral courses like M.Phil and Ph.D. courses are also offered by many universities and specific economics school within the country. Prominent among them are Delhi School of Economics, Jawaharla Nehru University, Banaras Hindu University etc.
 

Comments/ Reviews on Career as an Economist

  • i have completed my PG in Economics(credit-based) in 2011. from last three month i am working in one company as an assistant in accounts, excise(import-export) department. i also have statistics knowledge such ass OR,Regression, probability, Sampling distribution etc. but i am in search of right job. my interest is in banking and financial analysis. please give me details about the job opportunities in any company. Posted By : kautuk jagdish raut, on 15-03-2012 22:23:45 Report Abuse

  • Dear Sir. i would like to determine p. hd on recent topic which is helpful for the economically poor people. piease suggest the topic Posted By : laxman baisane, on 16-06-2011 14:48:14 Report Abuse

  • Dear Sir. i would like to determine p. hd on recent topic which is helpful for the economically poor people. piease suggest the topic Posted By : laxman baisane, on 16-06-2011 14:47:55 Report Abuse

  • Hey, I am in class 12 now. What can i do after my isc as my courier? Posted By : Namrata Adhikary, on 10-04-2011 14:24:43 Report Abuse

  • Hello, I have done B.COM from mumbai Universityand i scored 56%.Now i am interested in economics so what are the option avaialble for me to further study in economics? Please suggest. Posted By : Chirag Dand, on 14-02-2011 02:12:16 Report Abuse

  • Hello, I have done B.COM from mumbai Universityand i scored 56%.Now i am interested in economics so what are the option avaialble for me to further study in economics? Please suggest. Thanks. Posted By : Chirag Dand, on 14-02-2011 02:11:32 Report Abuse

  • Hello, I have done B.COM from mumbai Universityand i scored 56%.Now i am interested in economics so what are the option avaialble for me to further study in economics? Please suggest. Thanks. Posted By : Chirag Dand, on 14-02-2011 02:11:02 Report Abuse

  • Respected sir, I am doing MBA, (IB) specialisation is good for me or not.I am intrested in Economics. Posted By : Rahul shirsath, on 22-12-2010 05:35:29 Report Abuse

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