Scope of Studying Economics- an Option for Broad Career Prospects

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Scope of Studying Economics- an Option for Broad Career Prospects Economics is a popular subject choice for generations of students as it offers diverse career options covering everything from retail and agriculture to business and banking. Depending on students’ area of interest, a degree in economics helps them foster specialized analytical skills. Thus it enables them to enter and achieve success across multiple industries as an expert in economics.

Pic 1: Different Career Options in Economics An economics degree boosts chances of employ ability in different areas, regardless of the sectors one works in. This is refelected in the ever-growing demand for pursuing bachelor’s or master’s degree by both national and international students as well as strong demand for economics graduates throughout the global labour market.

Wide Career Prospects in Economics After completing a degree (bachelor’s/master’s/or doctoral) in Economics, students will get a whole range of career choices open for them. Even students pursuing second or final year of an economics degree, may get an array of options in securing internship programmes as well as different job roles, such as     

Economics Researcher Financial or investment analyst Economic consultant Auditor Financial manager Financial advisor

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Data analyst Accountant Actuary Public sector roles

Here are some other common career prospects in economicsProfessional Economists: Persons, having completed either masters or doctoral degrees work as professional economists. They are generally involved in research and analysis of economic data, statistics, and trends. They confidently handle economic forecasts, reports, strategies, policy, presentations for clients, companies, financial organisations, and public bodies. Professional economists can work in public and private banks, MNCs, insurance companies, accountancy firms, government bodies, financial consultancies, and many other organisations.

Career in Public Sectors: Career as economists in public sectors such as, various government firms, banking services, and such are prolific. They are involved in various economic related activities like public taxation, commercial and waste services, economic policy and regulations setup, budget making, and so on.

Career in Private Sectors: The demand for economics degree holders in private sectors is huge. Starting from small and medium enterprises to every big business organisation, economics experts have different positions to hold there. Updated industry information and awareness of corporate finance are essential to know.

Career in Accountancy: In the area of accounting, ecomomics graduates, masters, or doctors have numerous scopes across multiple industries. Their main roles are monitoring the financial situation of organisations, businesses, or indivudal. The major works in accountancy involve recording, classifying, analysing, and reporting of financial data. This requires strong analytical expertise, mathematical proficiency, computational skill, understaning of company finances, and ability to contextualize the data.

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