|Financial Risk Analyst
|Data Analyst (Banking Sector)
|Financial Planner (Banking Sector)
||International Economist (Specialization)
|Financial Controller/Financial Economist
||Industrial Economist (Specialization)
||Labour Economist (Specialization)
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.
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.