Table of Content:

• Scope in Economics
• Best Jobs For Graduates With Economics Degree
• Conclusion

Economics is an evergreen subject that is in high demand at both the national and universal levels for its usefulness in our daily lives. The field of economics is fascinating and offers a variety of subjects. It is also an important area from both an academic and professional perspective. Employment opportunities are at a peak due to globalization and after merging the world economy. All of this is because of a rapidly globalizing economic scenario.

Scope in Economics

Economics has evolved over the centuries due to a lack of resources. Therefore, to understand the scope, you need to know why it is required. The purpose is to get the most out of your help.

A degree in economics can improve your employability chances in many areas, regardless of the industry in which you work. Career opportunities in economics include jobs such as economists, financial risk analysts, accountants, investment analysts, financial advisors, and data analysts.

There is a strong demand for economic graduates across the global employment market. The widely transferable analytical and problem-solving skills developed by economics students mean that economics careers are extensive and diverse.

Best Jobs For Graduates With Economics Degree

1. Economy Consultant:

Economic consultants often work with legal professionals to produce analysis, data, evidence, and other material in business or financial proceedings. While paralegals often perform most of these duties, consultants can also be used for larger and more complex cases.

The average salary of an Economy Consultant is Rs.5L to Rs.12L PA.

2. Business Reporter:

Business reporters are journalists who focus on business trends and stories. They research and write about financial trends, economic policies, government behavior, and businesses affecting a country’s finances.

The average salary of a Business Reporter is Rs.2L to Rs.9L PA.

3. Portfolio manager:

Portfolio managers are responsible for managing the assigned fund or group of funds. They need to investigate economic conditions and trends and perform other analyses to make the best decisions for the fund.

The average salary of a Portfolio Manager is Rs.4L to Rs.15L PA.

4. Management Consultants:

Management consultants work with both public and private organizations to assess areas for operational improvement. They plan to improve organizational function for a better and more efficient working method.

The average salary of a Management Consultant is Rs.6L to Rs.25L PA.

5. Senior Financial Analyst:

The job of a financial analyst is to assess a company’s financial position and assist in making investment decisions. This position appeals to anyone interested in data acquisition, financial modeling, spreadsheets, investment dissertation writing, communication with investors and management, and forecasting.

The average salary of a Senior Financial Analyst is Rs.2L to Rs.9L PA.

6. Corporate Lawyer:

Corporate lawyers are responsible for assisting and representing companies in legal matters. Their duties include oversight of contracts, negotiations, and advice on situations with legal implications.

The average salary of a Corporate Lawyer is Rs.2L to Rs.30L PA.

7. Product Manager:

Product managers define strategies and plans for developing, launching, and testing new and existing products for your organization. Often, they lead a team dedicated to various tasks related to the work of a particular product.

The average salary of a Product Manager is Rs.5L to Rs.35L PA.

8. Economist:

Economists investigate financial trends related to equities, bonds, spending, exchange rates, inflation, and more. They carry out specific investigations, make forecasts, and notify organizations such as businesses and government agencies.

The average salary of an Economist is Rs.1.5L to Rs.14.8L PA.

9. Actuary:

Actuaries carry out statistical and mathematical studies to define the economic consequences of a particular risk. They can work with public or private organizations to perform risk analysis and financial forecasting.

The average salary of an Actuary is Rs.3.5L to Rs.50L PA.

10. Quantitative Analyst:

Quantitative analysts use various of mathematical and statistical methods to conduct risk management and other financial research. They may work with public or private organizations to study selling or buying habits and identify beneficial opportunities.

The average salary of a Quantitative Analyst is Rs.4L to Rs.30L PA.

Conclusion

With an economic background, anything seems possible. Other common careers and roles in business include accountants, stockbrokers, insurance companies, managing directors, retail salespeople, price analysts, statisticians, financial advisors, and salespeople. But if none of the above positions appeal to you, what can you do with your degree? You can also consider a broader range of options, like business intelligence, international development, human resources, IT, journalism, law, management, market research, politics, public relations, social research, and taxes. You can become an entrepreneur and start your own business.