Job prospects and career options in economics

What are the job prospects in this field?

• Globalisation has led to increased job prospects in various fields like business, education, government and non- profit sector.

• Well-trained economists are in huge demand across industries both at the national and international level.

• Opportunities for economics academicians are available in finance sector, urban and rural development, foreign trade, colleges and universities, government service etc.

What are the available career options in Economics?

• Planning commissions, management consultants and organizations associated with data collection and interpretations employ graduates with an economic graduation.

• Economics professionals are employed as
- economic analyst,
- finance economist,
- econometrician,
- economic advisor
- economist

• A government job is the most sought after in this field. The Indian Economic Service and Reserve Bank of India are excellent options open to those who want to join government services.

• Those who have specialised in economics can appear for Indian Economic Service (IES) exam conducted by UPSC which is the gateway to a challenging career in which selected candidates can join the service as Group-A officers.

• Economic consulting is also a career option in this field.

• Banking and insurance sector is also a lucrative option in this field. Financial institutions like various nationalised banks, private and foreign banks and insurance companies offer good openings to postgraduate degree holders in economics.

• Tax, taxation, filling process of indirect and direct taxes is the part of public economics.

• Investment consultant is yet another career option available to those wanting to pursue a career in this field.

• Those who have keen interest in higher studies and research can opt for M.Phil. and Ph.D. and thereby aspire to take higher position in public and private sector.

• Forest sector is also one of the important sectors for those pursuing of economics and agricultural economics.

• Those with degree in economics followed by a degree in Journalism and Mass Communication may get opportunities in print media as well as in television.