Have you loved Economics throughout your school life? Do numbers amaze you? If so, then this article is the next best thing you should read after Economics. It is the study of how to effectively and efficiently manage scarce resources. Usually, it involves mathematical tools like statistics, probability, and econometrics, etc.
Economics graduates have a great demand in the market for jobs and opportunities. The reason for this is that economics graduates possess good decision-making ability, analysis, and interpretation skills. The careers for economics students are diverse and large in numbers.
There are some careers about which most people do not know, which are given below -
1. Indian Economic Services
One of the most prestigious jobs for an economics major is joining Indian Economic Services. IES officers make policies and take other important economic decisions related to the growth and development of the country. In this job, awesome perks are also provided by the government along with good salaries.
2. Actuarial Science
An actuary is a professional who evaluates financial risk and uncertainty. There is a great demand for people who possess knowledge related to it. Most jobs under this are related to insurance companies. For this profession, a person needs to be an expert in mathematical and quantitative tools of economics.
3. Accountant
An economics student can work as an accountant with big companies like Jio, Tata, Airtel, and Samsung, etc. Under this job, a person is required to classify data and make it more suitable for analysis, particularly financial data. Economics graduates can identify the root of financial problems with the help of statistical and mathematical tools. Hence, it is a perfect opportunity for them.
4. Data Analyst
There is a great demand for data analysts in the market. As a data analyst, a person is required to analyze the data and interpret it mathematically. Popular and big firms usually recruit many data analysts to keep an eye on the graphs of their production and profits. Economics students are good at analysis and interpretation. Hence, it is an amazing opportunity for them.
5. Reserve Bank of India
Another great organization for an economics graduate is Reserve Bank of India. In RBI, there is a post called ‘B’ Grade officer. For this post, a candidate should have a master’s degree in economics. ‘B’ Grade officers have a good pay scale along with other perks like government quarters in the heart of the city, etc. Hence, it is an invaluable opportunity for economics majors.
6. Economic Journalism
This is an amazing and inestimable job for economics students. Today, there are certain news channels and newspapers which focus on economics like The Economic Times, Mint, etc. There is a huge demand for economics graduates in these organizations. So, an economics student can pursue journalism focusing on economic issues.
7. International Organizations
Organizations like the World Bank and International Monetary Fund, etc. are keen on hiring economists. An economics student can be a part of such prestigious institutions by applying economic concepts in real life. This is a precious opportunity for economics students.
8. Research
Research and development are required in every field of study and are necessary to apply the learned skills in real life. Economics people can work as a researcher for various private organizations and other government institutions. This will help the person to apply economics for the betterment of society.
These are some of the amazing jobs for economics graduates. An economics student can work as an IES officer with the government of India. Actuarial science is also growing rapidly in the market. Actuaries are required to make predictions related to key financial decisions. Another great job is working as a data analyst. Reserve Bank of India is also an attractive place for economics students to work. Apart from this, economic journalism is also growing at a rapid pace.
An individual can also work with international organizations like IMF and UNO, etc. The demand for economic researchers is no less in the market. Hence, economics graduates have a dizzying demand in the market. Don’t regret one day of not making it big when you actually had so many opportunities for the same. Work for it now and join various internship programmers on Udemy which provide courses on Data and Actuarial Science!
Written by - Vaibhav Sharma
Edited by - Kashish Chadha
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