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NorthBridge Times > Career > Is a bachelor’s in Economics worth it?
Career

Is a bachelor’s in Economics worth it?

Chandan Sanwal
Chandan Sanwal Published May 22, 2020
Last updated: 2020/05/22 at 12:56 PM
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4 Min Read
WEF Report 2016 has ranked India as the 39th most competitive ecnomy.
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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.

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Chandan Sanwal May 22, 2020
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Previous Article Best GRE Prep Course How can Java Programming land you your dream job?
Next Article The ambitious dream of Prime Minister Narendra Modi “digital India” has turned into a revolution and necessitating people to move into the digital world, especially after he announced demonetization move. With this move, a huge number of masses have pushed themselves into the world of digital to avail the benefit of technology. Not only people even several state governments are also encouraging masses to use of technology through internet. Online transaction will help people to overcome demonetization move Viewing the currency crunch in the state and also in the country due to demonetization move of, Andhra Pradesh government has taken initiative for giving Smartphones to the people to avail online transaction instead of making queues at the banks and ATMs to get currency. The motive of the government is to increase the use of digital transaction using online banking or mobile wallets like PayTM. Government believes that once more and more people are used to digital transaction, the curse of black money can be reduced or eliminated from its roots. Around 60-70 lakh smartphones are estimated to serve the government’s plan. Smartphones will be available as soon as possible Most probably the phones would be the bought from an Indian manufacturer, not from Chinese mobile makers like Xiaomi and Gionee who also manufacture devices in India. As government has already announced that it has not enough money to pay salaries to their employees, so the Indian brands such as Micromax, Celkon and Karbonn can be great options in budget for it as they all are manufacturing their products in the state. Although, the government hasn’t yet announced the date to launch this scheme, but officially declared that it is going to distributing mobile phones to overcome demonetization move. Government said these samrtphones available as soon as possible as the demonetization effect can be seen everywhere in the state. There are huge queues outside the banks and ATMs and with mobile transactions; the people can make digital payments instead of physical currency. Online transaction is one of the objectives of the Government’s move of demonetization. What is security management and how does it helps in improving my career?
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