Economics is an evergreen subject with its applications spanning across a multiple sectors, including banking, insurance, financial services, trade and commerce , and business management. The scope of economics is broad and highly promising and when backed with a master’s degree , it can open up a host of challenging career opportunities in different fields. Here are the scope and career in the field of economics.
After completing an M.A. in Economics you can either continue to pursue higher education like M. Phil / PH.D or you can make a direct entry into the job world. you will have to possess expansive knowledge on concepts of Economics (Micro, Macro & Applied Economics , Econometrics, Markets.) But more importantly , you will develop transferable and analytical and problem – solving skills that can be applied to numerous industries.
Economics is an excellent career option for those who love numbers and want to understand the nitty – gritty of the markets and how the economy functions. An Economics degree equips us with a high level of mathematical, statistical and analytical skills and teaches to apply economic principles and concepts to real – world challenges. In the other word’s a master’s degree in Economics prepares you for job profiles that demand numerical , analytical and problem solving skills.
Here are some employment opportunities for Economics candidates:-
ECONOMIST– Economists focus on studying the demand and supply of goods and services in an economy by gathering data, researching trends and analyzing them. They apply both qualitative and quantitative economic analysis to diverse topics relating to tax rates, business cycle.
EDUCATION– As an M.A in Economics one can enter into academia as a school teacher. A Ph.D. in Economics you can start your career as an Assistant professor/Lecturer in colleges and universities.
FINANCIAL ANALYST– Financial analysts study market trends, demographics and microeconomic factors to help a company make smart investment decisions. They use software to create presentations and reports.
STATISTICIAN – Statisticians study hard facts and numbers to find the most fitting solutions to business problems. They process and analyze collected data using different software tools Statisticians also conduct trials and surveys to produce the data requested by a company/organization.
