Most global issues have an economic perspective or etiology. The study of Economics can provide a way to analyze and solve major financial issues plaguing a country, area or even a business. Although, the subject pre-dominantly involves the usage of arithmetic principles, pursuing economics can also be an excellent way to gain several transferable skills such as analytical, problem solving and logical thinking skills.
Economics is a broad discipline that has applications in almost every professional and academic domain such as business, marketing, social sciences and anthropology. Studying an economics degree can help open up new career opportunities in the banking and financial sector, industrial sector or the world of academics.
If you are deliberating on your decision to pursue a bachelor’s course in Economics, reading this blog can help you take a firm decision. It explores the future scope of the course and some interesting career opportunities following the degree.
What are the career prospects of an economics course?
Pursuing a course in economics build a strong foundation for a career in any finance-related domain of your choice. The course also opens doors for a lot of job opportunities in humanities as Economics has its roots in social sciences. You can explore a career as a part of NGOs, government health bodies, public planning commissions, labour departments, and agricultural organisations.
The course can also pave the way for post graduate studies in interesting domains such as management, actuarial science, law, public policies, or public planning. You can also pursue an academic career by doing a PhD subsequently.
Pursuing a course can allow you to explore a career in any of the following roles.
- Investment analyst: The job involves analysing the different investment options such as mutual funds and securities, and determining their pros and cons as well as their impact on the funds and market. Such roles usually exist in big investment banking companies or hedge-fund businesses. The role requires good analytical skills, mathematical skills, and a knack for market prediction.
- Securities analyst: They study the patterns and behaviours of different types of invested funds and securities, provide valuation reports for them, and buy and sell them to investors to earn profit for the business. These people should have an intimate knowledge of the stock market and an acute analytical mind apart from having a keen eye for details.
- Economic researcher: These people usually work for research organisations and study the economic impact of a social or a financial problem. Their job is to analyse and identify patterns in the information collected from surveys and census from the general public. They should have the hang of analysing data, and should be familiar with different statistical techniques and tools.
- Economic consultant: As an economic consultant, you would need to study the financial impact of new public policies, assess IP and antitrust violations in the economic domain, and prepare research reports that analyse different industry trends and their financial effects, and possible economic scenarios. You should have accurate analytical and predictive skills in addition to excellent writing skills.
Apart from these positions, you gain also gain an entry into similar roles in allied domains such as investment administrators, customer profit analysts, market research analysts, social economists, or portfolio managers. Enrol in an economics course today to kick-start a bright financial career.