S. K. Patil Sindhudurg Mahavidyalaya

Economics Vision and Mission

VISION

The department envisions achieving high standards of academic performance to provide quality education to students, equip students with knowledge and skills in their chosen stream and to provide opportunities for students to realize their full potential and thus shape them into future leaders to address the emerging global challenges and to deal with economic, social and business realities.

MISSION

The mission of the Department of Economics consists of two interconnected components: imparting the highest quality instruction to our undergraduate and graduate students and to train students in the methods and ideas of modern theoratical and applied economics.

Economics Department

Shrirang Mandale

Dr. Shrirang Mandale

Prof. of Economics

M. A., Ph.D

Appointment Date

01/04/1985

M R Khot

Dr. M. R. Khot

Prof. of Economics

M.A., M.Phil, Ph.D, GDC & A

Appointment Date

22/11/2012

 

Bhavake Sir

Dr. P.L. Bhavake

Prof. of Economics

M. A., B.ed, D.H.E., Ph.d

Appointment Date

18/11/1985

Pramod Kharat

Prof. P. B. Kharat

Prof. of Economics

M.A., B.ed, SET

Appointment Date

12/08/2020

Hargile Sir

Dr. D.V. Hargile

Prof. of Economics

M.A., B.P.ed, M.Phil, SET, Ph.d

Appointment Date

01/03/2005

Career Scope in Economics

Economics is one of the evergreen subjects because of its high utility and huge demand in the job markets. It is also an important discipline both for a career as well as a job point of view. Job opportunities are increased because of globalization and after the merging of the world economy. A well-trained economist has a high demand not only in India but also across the world.

Because of the rapidly globalizing economic scenario. The big business organization is hired as financial analysts, researchers, and consultants.

Required Skills to Pursue Careers In Economics

If you have the following skills, then you will able to achieve better successful career in Economics.

You should have better mathematical knowledge so that you can work with different figures to pursue a better career in Economics.

You should always remain aware of the current affairs, and you have to understand the implications analytically.

You should have research-minded and should possess the ability to research every aspect of the economy.

You should be motivated enough and try to be perfect.

You should always keep patience and remain positive and optimistic.

You have to think logically in various scenarios.

Proficiency in Mathematical knowledge is essential to build up a career in Economics.

You should have better communication skills and public speaking skills to explain the complicated economic analysis to the general public who do not know Economics.

Job Opportunities In Economics In India:

Here we have covered some Career Scope in Economics in India.

Teaching Profession

It is one of the best Career Scope in Economics after completion of the degree. As an Economics Graduate, you can appear for CTET or other state-level teaching exams and become a teacher.

After completing M.A in Economics with at least 55% marks a candidate can either pursue Ph.D. in any University or appear for University Grant Commission’s National Eligibility Test currently conducted by National Testing Agency.

By qualifying in this test, a candidate can become eligible for the post of Assistant Professor in Indian Universities and Colleges or can get a Junior Research Fellowship in a Research Institution. The Ph.D. degree holders are likely to get more job opportunities in every sector.

Indian Economic Services

You have to complete M.Sc. or M.A. in Economics with at least 55% marks that can appear in the Indian Economic Service exam. The age range should 21-30 years. UPSC conducts the exam.

After selection, one has to perform tasks like economic planning and analysis in Planning Commissions for the country. They can also be placed in Planning Board, Ministry of Economic Affairs, National Sample Survey, and other departments that need knowledgeable persons in economics.

Banking Services within the Public Sector

Reserve Bank of India also recruits economists in the banking sector through their own different recruiting examinations. You should have an age limit of 21-28 years.

You can also find jobs in research institutes like the National Council of Applied Economic Research, New Delhi; Indian Council of Social Science Research, Institute of Economic Growth, New Delhi, etc. One can appear in IBPS and State Bank recruitment exam to get absorbed in the banking sector.

Private and Foreign Banks

An Economics degree holder can try for private and foreign banks. The banking job profiles available are branch managers, clerks, economic advisers, development officers, etc.

International Agencies

Experienced and famous Economists can get employment opportunities in a well-known international organization like the World Bank and the International Labor Organization.

Work as a Consultant

Economics graduates can work independently as an economic consultant. In the case of the private sector different scientific research and consulting, firms can offer excellent job opportunities.

Entrepreneurship

Economists will have a depth of market knowledge. They will quickly understand the market trends and profitable sectors of business. Hence by creating their own business, they can soon achieve exponential growth. So a large number of job opportunities can be created this way. It will also be helpful to reduce the unemployment issue in the country.

Top Job Roles for Economics Graduates

Professional Economist

Financial Risk Analyst

Data Analyst (Banking Sector)

Financial Planner (Banking Sector)

Financial Controller/Financial Economist

Equity Analyst

Cost Accountant

Economic Researcher

Business Economist

Agricultural Economist

International Economist (Specialization)

Industrial Economist (Specialization)

Labor Economist (Specialization)

Investment Analyst

Actuary

Top Courses to Pursue in Economics

There are many courses that come under economics at under graduation level(UG level), Post-graduation level (PG level) and a Ph. D level

Economic Courses at UG level

Bachelors in Business Economics

Bachelor of Art (Hons) in Business Economics

B.Com in Business Economics

BCom (Hons) in Business Economics

BBA Business Economics

Economics courses at PG Level

M.A in Financial Economics

M.A in Economics

M.A in Econometrics

M.A in Business Economics

M.A in Applied Economics

Master of Science in Economics

MBA in Business Economics

Master of Philosophy in Economics

Economics Courses at Ph.D. level

Ph.D. in Economics

Ph.D. in Econometrics

Now you have detailed information on Career Scope in Economics in India. For any confusion, ask us in the comment section. We are always ready to solve your issues.

FAQs Related Economics Career

Is economics a good career?

Yes, it is a good career. An economics graduate will have some unique and highly sought after skills and in most cases, employment prospects are good. A lot of professionals in banking and accountancy hold economics degrees. For any career related to finance, an economics degree is a good foundation to build on.

Is economics a useless degree?

It’s definitely not useless, and may actually be preferable to other degrees of similar nature. Economics is very rarely is more versatile than something like accounting, even finance in many cases. You will find a vast Career Scope in Economics

How much Math’s is involved in studying Economics?

It’s a common question faced by many students. If you’re not very proficient in Mathematics, you may wonder whether Economics is a good choice, and exactly how much Mathematical aptitude you would require.

What are the difference between B.A Economics, B.A Business Economics and B.Sc. Economics?

The similarity of the names of the courses may have caused confusion in your mind. Here is a brief guide outlining basic differences among the courses.

B.A Economics

It is a course focused on the core fundamentals of Economics, its theories and applications. It covers both qualitative and quantitative courses in Economics like Microeconomics, Macroeconomics, Econometrics, Economic Statistics, History of Economics, Indian Economy, etc.

B.A Business Economics

It is a commerce-oriented multidisciplinary field which focuses on the application of Economics to business. Themes of this course vary from organizational behavior, financial management, cost accounting to business communication, macro and micro aspects of economics, marketing, etc.

B.Sc. Economics

The syllabus and pattern of this course are similar to B.A Economics. The subtle difference is that B.Sc. Economics has more practical lessons, and statistics and mathematics are studied at a more advanced level.