Career Options for an Economics Graduate

Importance of Economics

Economics is considered as ever green subject due to its high utility and huge demand in the job markets. Economics is a very important discipline both for career as well as job point of view. The significance of economics has greatly increased post reforms era. Job opportunities have increased manifolds post liberalization, privatization and globalization (LPG), and after merging of world economy. Well-trained economists are in huge demand not only in India but also across the world for rapidly globalizing economic scenario. They are hired as economic analysts, researchers and consultants.

Employment Opportunities for Economics Graduates

An array of employment opportunities are available in economics field. Meritorious candidates can get excellent job opportunities after successfully completing their BA Economics or MA Economics degrees. Economics graduates can get prestigious jobs in the government sectors like Indian Economic Services, Indian Civil Services, Reserve Bank of India, National Sample Survey, Ministry of Economic Affairs, Planning Board, and Planning Commission, National Council for Applied Economic Research and National Institute of Public Finance and Policy.

Job opportunities are also waiting in the private sectors, NGOs and International Aid Agencies. The firms like World Bank, Asian Development Bank, IMF, and other Development Banks, Aid agencies, Financial Consultancy firms are hiring the economic graduates for its various positions. One can consume in these organizations as economist, economic advisor, executive, analyst, consultant, researcher, financial analyst, business analyst, economic research analyst and stock market analyst.

Economic Graduates in Consultancy Firms

Consultancy firms offer economic graduates various opportunities like working as an executive consultant, an economist or even an economic advisor. Plus, these jobs are considered amongst some of the highest paying jobs out there. 

Government Job Opportunities

Various job positions open up after an Economics (H) degree, in the government sector. The Indian Economic Services, the Reserve Bank of India and PSU’s offer jobs with social prestige and a brilliant start to your career.

Economic Journalism 

A flair for writing along with an Economics degree can take you places in the field of economic journalism. Basically, the job would involve studying and analyzing economic phenomenon world over and thereby drawing insights and inferences and have your ideas published in journals and magazines.

Think Tanks - Analysis of economic issues 

An undergraduate in economics gives you the perfect base for becoming a part of a think tank! These are bodies that primarily operate for the analysis of economic issues and offering recommendations. Niti Ayog, Department of Industrial Policy and Promotion and Center of Policy Research are among the top think tanks of India where you could apply.

Financial Analysis jobs 

Financial or Investment analysis is the typical job profiles for an economics graduate. And if you have a good score in your undergraduate then you have excellent chances of getting to work for a big MNC like Deloitte, Bain & Co. or McKinsey.

Statistician

Loved statistics, figures and analysis during your undergraduate in Economics? Then applying to firms for the position of a statistician is the perfect career path for you to pick after graduation.

Banking and Financial services

There is always a dearth of economists in the banking and financial services industry, you just need to be smart while applying and showcase your skills and confidence at the interviews and the job shall be yours.

Teaching in Schools or Universities

An economics degree gives you the requisite background to apply for teaching jobs at schools and universities. Furthermore, a basic teaching course along with further education would be a definite plus for your career prospects as a teacher!