Careers in Economics

Since money play a crucial role in our life, In simpler words you can say that economics is study of economy and study how its problem can be corrected in most efficient manner for well being of everyone.

In today’s world of globalization world economy is changing its dynamics, for that economist expert are needed

Courses in India:
Economics includes statistical and mathematical methods for economics, econometrics, public finance, monetary economics, international economics, development economics and economic policy-making. For making career in private sector, public sector or in NGO economics is most desirable subject for that.

Specialization can be done in areas like finance, insurance, agriculture, econometrics, rural development, health, business development, human resource, industrial law, international economics, etc. Following are the routes:

1. After class XII (HSC), three-year BA (Economics) - From any statutory recognized university

2. After BA (Economics)/ BCom, one can do MA (Economics) for two years - From any statutory recognized university

Some globally recognized Institutes for studying Economics are Delhi School of Economics, Gokhale Institute of Economics & Politics, Pune, Symbiosis School of Economics, Pune, Madras School of Economics and London School of Economics.

• Delhi School of Economics -
Master of Business Economics (MBE). Specialization in following areas: Quantitative techniques in business, Business Finance, Marketing and Distribution, Human Resource Management, Economics of Infrastructure and Regulation, Agriculture and Resource Economics.

• Indira Gandhi Institute of Development Research, Mumbai (IGIDR) –
MSc (Economics).

• Symbiosis School of Economics -
 BSc and MSc in Economics.
 

• Gokhale Institute of Economics and Politics -
MA (Economics), offers  new courses - Masters in Financial Economics, Masters in Agri-Business Economics.

• Madras School Of Economics -
MSc (Economics) - Financial Economics, Actuarial Economics, Applied Quantitative Finance, and Environmental Economics.

• IIT Kanpur offers a five-year integrated MSc course in Economics (after 12th/ HSC)

3. After MSc/ MA one can enroll for an MPhil in Economics - From any statutory recognised university

4. One can take admission to PhD in Economics after MSc/ MA by appearing for the PhD entrance conducted by universities/ institutes.

Job Opportunities: 

• Government departments - Indian Economics Service (IES) through UPSC.

• Corporate - Job titles such as Data Analyst, Financial Analyst, Research Analyst, Business Analyst, Economic Research Analyst, Stock Market Analyst, etc.

• Banks/ Financial Institutions - A graduate in economics can join at an entry-level position in banks, MNCs and research firms and can expect pay packages up to Rs 12,000 per month.

• Teaching - One can appear for NET/ SET exams to qualify for working as assistant professors/ professors in colleges.

• Research - One can opt for fellowship programmes offered by IIMs and other management institutes.