Economics is considered one of the most sought after subjects due to its high utility and huge demand in the job markets. It is also, a very important discipline for not just an individual but the world at large. The significance of economics has greatly increased post reforms era. Job opportunities have increased by leaps and bounds post liberalisation, privatisation and globalisation (LPG), and after merging of the world economy.
There is great demand for expert economists not just in India but all around the world with rapidly changing global economy. Economist are sought after to work in the roles of analysts, researchers or consultants. The question is, where should you begin to make your mark in this lucrative field?
The answer lies in identifying two things. What’s your key interest and which is the best platform to give your career a foundation it deserves?
It is most ideal to start early, with BSc Economics from a reputed institution. Let’s talk about interests first. There is extensive demand for consultants, researchers, analysts and strategists who can understand and devise policies for the changing economic trends.
Economic advisors are an inevitable part of every organization, big or small. The field attracts those who love to acquire knowledge, stay curious about the world affairs and issues, while wanting to make a difference with their knowledge. Economics offers an interesting mix of subjects within it.
That said, which field of career would you like to explore through economics? A few notable ones are banking, manufacturing, trade, commerce, taxation, finance, insurance and so on. To be honest economics is utilised in almost every walk of life one can imagine – right from the household to building a nation. It is safe to say that a rewarding career with great future is definitely something which pursuing economics can help you achieve.
The scope: There are both public and private sector jobs available in the market for the students of economics. Be it freelance, consultancy, associating with a large multi-national or aiming to be a diplomat, the world is your oyster. You can explore the prospects of becoming economic analysts, critic and reviewer as well.
You can specialize in macroeconomics and deal with investments and inflation or use your skill in productivity related jobs. There are abundant opportunities for Industrial Economists, Macroeconomists and Financial Economists out there.
If you’re someone who aims high and wants to make maximum impact in the community around, do your research on Indian Economic Service. It is one of the most aspired bureaucratic jobs. The Government requires economics professionals for honourable posts in Reserve Bank of India, National Institute of Public Finance and Policy, Planning Commission, and more such state or national level jobs. If you would rather not venture into high pressure government administrative fields, look out for opportunities in the corporate arena. You may find your perfect fit in job profiles like managers, executives, researchers, analysts and economic consultants.
Prestigious job opportunities await you at acclaimed international platforms such as World Bank and International Monetary Fund. Multinational private companies hire economics graduates and post graduates for notable positions with impressive salary packages. Economics journalism is a lucrative job profile that is rapidly gaining recognition. One can expect high salary packages apart from rewarding incentives.
While the future is teeming with opportunities for an economist, how do you know if you’re the right fit for the field? Take a look at some key skills which are required and also enhanced go perfection, in the field of economics:
· An analytical bent of mind
· Quantitative aptitude
· Sound logical skills
· Articulation and strong ability to assimilate information
· Great ability to express with clarity
· Focus and commitment
· Patience and self-motivation
· Positive attitude to take on real world problems
You can pursue economics from one of the premier economics colleges in India. There are many distinguished government run as well as private institutions that foster brilliant economics curriculums. Choose a college that offers you extensive courses, eminent faculty, industry exposure and brilliant peers.
When it comes to industry exposure, a legacy of educational excellence, safe environment for students to grow in, there is one city that shines through in all aspects – Pune. A city that is thronged by young students and professionals due to its ideal environment, career opportunities and rich cosmopolitan culture. One name that leads by example in the perfect amalgamation of education, culture, thought leadership and infinite opportunities, is Symbiosis.
Established in 2008, SSE is a dynamic institution with a demonstrable record of success. With its rigorous curriculum, esteemed faculty and industry exposure, the institute aims to develop in you, intellectual discipline, critical and analytical assessment. All of this is aimed to help you master rational thinking, along with an understanding of the need for constrained optimization, and a strong urge to strive towards achieving equilibrium.
If you have the will, there’s way. But it’s all the more important to choose the right way. Do your research and opt for the right course from a platform of excellence. Welcome to vibrant field of Economics!
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