Published on 09/27/2018 11:18 am
Find your niche and prepare for greatness with Economics

What next after graduation? MBA has long been a preferred go-to option for graduates. Over the years, there has been a spiked interest in Economics, due to its ever increasing scope and prospects. A career in economics is not only sought after but very revered by the young and ambitious who love to analyse, strategize and come up with ingenious solutions which can change the course of an organization, community and country. Rather than being one amongst the many in a market saturated with MBA, find your niche by pursuing MSc Economics, Economics Honours or begin early through BSc Economics in a dynamic field of interest.

Economics is a field teeming with opportunities due to its high utility and huge demand in the job

markets. Its significance has greatly increased post reforms era, with several career prospects

increasing manifolds post liberalisation, privatisation and globalisation (LPG), and after merging of world economy. Well-trained economists are in huge demand not only in India but also across the world to perform lucrative roles such as economic analysts, researchers and consultants.

There are several leading institutions and economics colleges in India. While opting for the right

college, look beyond ranking to judge a college’s worth. Look for the right blend of educational

legacy and updated, industry relevant curriculum, backed by excellent faculty.

Delhi School of Economics, Jawaharlal Nehru University, Presidency College Kolkata, University of Delhi, St. Stephen College, Delhi University, University of Bombay, Indian Statistical Institute Kolkata, Sri Ram College of Commerce, Symbiosis School of Economics, Madras School of Economics, IIT Kanpur, Banaras Hindu University to name a few, are one of the best economics colleges in India.

Symbiosis School of Economics is a leading name when it comes to economics colleges in Pune. The institute offers BSc Economics Honours, MSc Economics, Diploma in Quantitative Economics and Post Graduate Diploma in Urban Development

B.Sc. (Economics) Honours is a full-time, three-year graduation programme. It aims at imparting a programme structure which would retain the ‘traditional’ in the programme yet would plug the loopholes and limitations of only a traditional approach. The programme offers a wide array of ‘Out of box’ courses like Accounts, Environmental Economics, International Relations, Political Economy of India, Research Methodology etc, not emphasized in traditional economics graduation programs. This will help students to get an edge over others in terms of critical thinking, logical analysis and deep understanding of crucial economic issues.

The key is to look for an institute which aims at creating well rounded professionals. Individuals who would be equipped not only with the strong foundation of economic theory but also with skills required to tackle and analyse the real world business and economic issues.

M Sc Economics: A Master’s degree, with a strong background in Economic Theory, Mathematics, Statistics and Econometrics, incorporating contemporary economics, provides the basis for acquiring special focus within the related fields and subfields of Economics. The importance of quantitative skills is not unknown to Economists; courses in Mathematics, Statistics, Econometrics, Sampling Theory, Survey Design, and Computer Science are extremely helpful to hone the expertise required from a candidate who has opted for this programme. The MSc Economics at SSE is very quantitative in nature and approach. The programme provides an all-inclusive path to meticulously understand and apply Economic Theories and their application to Economic Modelling and Forecasting in the real world.

What kind of specialisation can you opt for?

International Trade

The specialization in International Trade broadly explores the principles of economics related to the causes and effects of trade beyond geographical and political boundaries. This, in turn, explains the patterns and consequences of transactions and interactions between the inhabitants of different countries, including trade, aid, investment and migration and other factors as well. Parts of the specialization also involve investigating the consequences of trade activities on economies in perspectives of resources, preferences and institutions. This specialization module highlights the angles of politico-economic policy variables on world economies, as well, particularly in the post-globalized era.

Development Studies

Development Studies include the broad areas of economics that explore the causes, needs and

processes of development in low-income countries. It also involves the study of the structural

change phenomena caused by the advancements that these economies witness in the course of their growth process. The specialization focuses on theories and methods, both spatial and

temporal, which help in forming policies at the domestic and international levels to achieve optimal social ends. The module also concentrates on certain aspects and issues of economic development across post-war periods, spanning right up to the liberalized and globalized new world economies. It is geared towards a multidisciplinary approach that encompasses social and political angles, other than pure economic concerns.

Urban Development

With cities being the main contributors to national income, it is impossible to bypass the manner in which cities and the process of urbanization is unfolding in India. It is a multidisciplinary course that encompasses issues related to urban development and planning, demography, urban economics and finance, infrastructure, informal sectors, poverty and sustainable livelihoods. Issues related to urban sociology, energy and environment, capacity building of urban development bodies are also discussed, as are experiences in urban development.

While there is no dearth of opportunities, growth and variety in the field of Economics, beginning

your career from the right platform makes all the difference. Be it Masters in Urban Development or the much sought after Master in Economics it is time to catapult your prospects by finding your own niche, analyse your skills and prepare for a promising future.

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