Career in Economics

Career in Economics


The study of economics provides a good opportunity to gain an edge in today’s rapidly globalising world. Well-trained economists are in huge demand across industries, not only at the national but at the international level as well.In recent years, there has been a suckten spun in he demand for economic analysts, researchers and consultants as they arc well-equipped and trained to effectively handle the increasing complexities of a rapidly globalising and com­petitive society. Competition is known to be a stern taskmaster and then is believed to be no room for laxity in its lexicon. Accordingly, in order to excel today in the fields of industry, trade, commerce, banking, insurance, finance and the like, one needs to have the competitive edge.It is precisely against this backdrop t hat the study of economics opens up the doors of a wide variety of the most sought-after career options. For, the stu­dents of economics are pro­vided with deep insights into how an economy func­tions at the macro-level and how the markets operate at the micro-level. In addition, imparting the knowledge of economics also entails developing sufficient groundings into statistical and mathematical methods for economics, economet­rics, public finance, mone­tary economics, interna­tional economics, develop­ment economics and eco­nomic policy-making, all of which arc extremely desir­able from the practical per­spective of building a career whether in the pub­lic sector, private set-tor or even non-government organisations. 


To become an economist one has to undergo one or more of the following courses

1.Bachelor's degree programme

Educational Qualification
Candidates who wish to join Bachelor's degree programme should have passed 10+2 or equivalent examination securing a minimum of 50%  or more marks in the aggregate (for some college of repute) with economics as one of subjects at this level.An undergraduate degree in economics requires the completion of general education courses (along with classes in business, management and economics in some universities). Core economics topics include microeconomics, macroeconomics, econometrics, indian economy and economic thought. Depending on the university, the major may be offered through the college of liberal arts, within the social science department or in the school of business.

2.MA Economics/MSc

Educational Qualification
A master's degree can generally be completed within two years, though some programs may be able to be completed in less time. An undergraduate degree in economics is  required for admission in different universities. Economics masters degrees prepare graduates for further study at the doctoral degree level. Some programs allow students to choose an area of emphasis such as international economics or economic development; others may offer cover wide-reaching topics in contemporary economic issues. A thesis may be required, though some programs offer a non-thesis option.

*Skill sets required

A logical and analytical bent of mind Quantitative aptitude Articulation and strong ability to assimilate information Felicity of expression Sincerity, commitment and devotion High level of motivation to strive for perfection A high level of patience, with a positive and opti­mistic attitude Willingness to work hard in a selfless manner.

 *Job Prospect

After successfully acquir­ing an undergraduate degree in economics, one could either straightaway choose a career in economic journalism, economic and financial research, banking and finance, sales and marketing etc. or instead appear for competi­tive exams such as the civil services IES, economic and statistical services. Alternatively, with a view to enhancing career prospects, one may choose to either pursue further studies in economics or instead branch off to higher studies in some related field such as environmental economics, demography, business economics, insur­ance and actuarial science, risk management, finance, business administration and management, interna­tional marketing and global business operations. 

Some of the premier educa­tional institutions for under­graduate studies in econom­ics in India are: 

St Stephen’s College. Delhi Click me
Shri Ram College of Commerce, Delhi Click me
Lady Shri Ram College for Women, Delhi Click me
Hans Raj College, Delhi Click me
Hindu College, Delhi Click me
Presidency College, Kolkata Click me
St Xavier’s College, Kolkata Click me
St Xavier’s College, Mumbai Click me
Loyola College, Chennai Click me
                                                BEST OF LUCK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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