Career In Economics
The subject of economics in any case is not inferior to the subjects of science. The importance of this subject can be understood from the fact that separate ‘Nobel Prize’ is given in it. Its students start getting job opportunities only after graduation. As the qualification of the student increases, better opportunities are available. The demand of economics experts has increased considerably than before. Today, in the digital world, economists are getting good positions and packages. The demand for students of this subject has increased from online shopping or work to online data interpretation.
Economics studies the production, distribution, exchange and consumption of goods and services. Its study goes into detail about topics like how the economy of the whole world operates, what is the relationship between people’s spending capacity and the market, and what is the role of economists in matters like GDP, inflation and unemployment.
Economics related graduation and post graduation level courses are available in most universities and colleges of the country. BA or BA (Hons) Economics, B.Sc Economics, BA in Business Economics and BA in Applied Economics are some of the popular courses at graduation level. .
To do post graduation in this subject, it is necessary to be a graduate from any stream. Students can take courses at PG level such as MA in Financial Economics, MA in Economics, MA in Economics, MA in Business Economics, MA in Applied Economics, MSc in Economics, MBA (Business Economics). After this, you can take the path of M.Phil and PhD in Economics. Students can further understand their interest and specialize in any sub-disciplines like Micro Economics, Macro Economics, Financial Economics.
What are the Characteristics:
It is necessary to have better ability to analyze the data present in the students of economics. They should have basic understanding of Maths and Statistics. The student should be interested in national and international level economic issues. His thinking and behavior should be more on problem-solving, because during the job he will have to deal with new problems. The student should be interested in knowing and understanding the data. .
There is a demand for professionals in this sector in all industrial units of private sector, commerce, actuarial science etc. Every year a large number of economists are appointed in the government sector in the Reserve Bank of India, NITI Aayog, National Institute of Public Finance and Policy, National Sample Survey and related departments of various state governments. Business organizations like FICCI, ASSOCHAM are ready to hire professionals as economic analysts.
‘Graduate youth in economics get opportunities in policy makers’ role in banks and financial institutions.
Through the Indian Economic Service, various ministries get opportunities as economic advisors. In this, the Union Public Service Commission (UPSC) conducts competitive examination to select suitable candidates. In this examination only youths with at least Masters degree in Economics / Statistics can be included. .
‘Economics experts get excellent opportunities in foreign institutions such as International Monetary Fund, World Bank, Asian Development Bank and multinational companies. Their appointments are in the form of economist, analyst, consultant etc.
‘For various economies in the age group of 21-28, recruitments are released from time to time at various RBI positions. National Council of Applied Economics Research, New Delhi, Indian Council of Social Science Research also has a bright future.
After doing MA in Economics, you can become a lecturer in any college and university by taking a PhD degree or an Assistant Professor after a test by University level National Testing Agency. After doing B.Ed in Economics, there will also be opportunities as a teacher in a government or private school.
‘If the student has studied economics and has also done law, then he can get a job in a law firm as well. Apart from this, business journalism is also very important these days. .
Salary is Attractive:
Economists working in government service usually get 20-25 thousand rupees per month. After one or two years of experience, this salary reaches 30–35 thousand rupees per month, whereas in the private sector it depends on the company. The economics teacher in the university gets Rs 40-45 thousand per month. After experience, the annual salary can be in lakhs of rupees. (Expert: Professor Renu Tyagi, Shyam Lal College, University of Delhi).
Economists play an important role in bringing the economy of any country out of recession. The development of the country depends on their policies. This is the reason that economics is a very popular field in terms of employment. The demand for skilled youth has increased in government and private companies. Deepika Sharma is telling
1. Major Institutions ‘University of Delhi, South Campus’ Delhi School of Economics ‘Jawaharlal Nehru University, Delhi’ Banaras Hindu University ‘Meerut University’ Kumaon University (Uttarakhand) ‘Babasaheb Bhimrao Ambedkar University (Lucknow)’ Vinoba Bhave University (Jharkhand)
2. Challenges of this sector Only after graduation, employment options are made in this field. But higher studies are needed for more progress. Basic understanding of mathematics and statistics is very important. Take economics studies seriously. The BA (Hons) syllabus of economics is considered quite difficult.
3. Challenges of this sector Only after graduation, employment options are made in this sector. But higher studies are needed for more progress. Basic understanding of mathematics and statistics is very important. Take economics studies seriously. The BA (Hons) syllabus of economics is considered quite difficult.
‘University of Delhi, South Campus
Delhi School of Economics
Jawaharlal Nehru University, Delhi
‘Banaras Hindu University
‘University of Meerut
‘Kumaon University (Uttarakhand)
Babasaheb Bhimrao Ambedkar University (Lucknow)
‘Vinoba Bhave University (Jharkhand)