11 Career Options If You're Doing Economics Hons (Not Just MBA!)
Phalasha NagpalGuest Contributor
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Just completed an undergraduate in Economics, but have no idea what to do next? Trust me, you’re not alone! Read on to know a host of options (some really fancy ones :P ) that open up for you, with an Economics degree…
1. Masters In Economics Or Finance Or An MBA
A masters degree or an MBA, right after an economics undergraduate is a great way to pave a path for a successful career. A higher education degree would enable you to get high paying jobs, particularly in MNCs and KPOs in the private sector.
Consultancy firms offer economic graduates various opportunities like working as an executive consultant, an economist or even an economic advisor. Plus, these jobs are considered amongst some of the highest paying jobs out there. #Fancy
3. Government Jobs
Various job positions open up after an Economics (H) degree, in the government sector. The Indian Economic Services, the Reserve Bank of India and PSU’s offer jobs with social prestige and a brilliant start to your career.
4. PhD And Research
A PhD in Economics after your undergraduate can provide you a wonderful platform to apply for high-level research and teaching jobs, not to forget the high pay scales that come along with them! And it makes perfect sense for you if you feel passionate about the subject or feel inspired by people like Amartya Sen.
If Corporate Law is your area of passion, then it is not too late if you have an economics degree. A Bachelor in Economics followed by an LLB and you are set to become the next Harvey from Suits! You know you've thought of it - well, it's actually attainable.
6. Economic Journalism
A flair for writing along with an Economics degree can take you places in the field of economic journalism. Basically, the job would involve studying and analyzing economic phenomenon world over and thereby drawing insights and inferences and have your ideas published in journals and magazines.
7. Think Tanks
An undergraduate in economics gives you the perfect base for becoming a part of a think tank! These are bodies that primarily operate for the analysis of economic issues and offering recommendations. Niti Ayog, Department of Industrial Policy and Promotion and Center of Policy Research are among the top think tanks of India where you could apply.
Financial or Investment analysis are the typical job profiles for an economics graduate. And if you have a good score in your undergraduate then you have excellent chances of getting to work for a big MNC like Deloitte, Bain & Co. or McKinsey!
Loved statistics, figures and analysis during your undergraduate in Economics? Then applying to firms for the position of a statistician is the perfect career path for you to pick after graduation!
10. Banking and Financial services
There is always a dearth of economists in the banking and financial services industry, you just need to be smart while applying and showcase your skills and confidence at the interviews and the job shall be yours.
An economics degree gives you the requisite background to apply for teaching jobs at schools and universities. Furthermore, a basic teaching course along with further education would be a definite plus for your career prospects as a teacher!