A list of Career Options for Economics Graduates

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B. A economics is a vast course that gives extensive insight into the practical and technical concepts that run the world. The subject has turned out legends like Dr Manmohan Singh, P. Chidambaram, Shashi Tharoor, etc. It is true that it one of the most sought-after courses and many students of commerce background prefer to take the route of Economics to success. Here is a list of career options for Economics Graduates.

Career Options for Economics Graduates

Here is a list of some of the top colleges that offer B.A Economics or B.Sc Economics in India.

Shri Ram College of Commerce, New Delhi

St. Stephen’s College, New Delhi

Lady Shri Ram College, New Delhi

• St. Xavier’s College, Kolkata/Mumbai

• Loyola College, Chennai

• Hindu College, New Delhi

Ashoka University, Sonepat

Hansraj College, New Delhi

• Ethiraj College for Women, Chennai

• Fergusson College, Pune

The scope of economics honours is vast and overreaching and here are some of the career options for economic graduates are

1. Actuarial Science

Actuarial science is a relatively nascent career option among Economics graduates. Actuaries make use of mathematical skills and statistical methods to determine risk in finance, insurance and other areas. The practical and analytical knowledge that comes concomitant with Economics will enable you to perform in superlative terms.

2. Finance

The curriculum of Economics is designed is such a fashion that it harnesses financial calibre and related understanding. If Finance and Banking is your area of expertise, then pursuing MBA in Finance and Banking or an M.A in finance or a Chartered Financial Analyst certification after graduating can be seriously considered.

3. Indian Economic Services (IES)

Students aspiring to crack civil services exams and who also have a flair for Economics can choose to target the IES. Economists in this domain play a material role in the creation and implementation of development policy and programmes as well as dealing with other areas such as economic reforms, regulation, price fixation and monitoring.

4. Law

The combination of knowledge of both Economics and Law makes you adept for careers in corporate law, market research and public policy. After completing your graduation in Economics, you can recourse to taking a 3-year degree in Law as well for this purpose.

5. Economics and Its Related Disciplines

Economics is a social science and has its roots in a string of humanistic themes such as environment, agriculture, political science, etc. As a result, you are eligible to specialise in any of these interdisciplinary fields:

• Agricultural Economics

• Financial Economics

• Labour Economics

• Industrial Economics

• International Economics

• Business Economics

• Banking Economics

• Environmental Economics

• Developmental Economics

• Econometrics

6. Rural Development and Public Policy

The primary objective of this arena is to improve the economic conditions of farmers and marginal groups by effecting beneficial changes in public policy. The study of the Indian economy and its logistics makes an Economics graduate well equipped to operate in such career options.

 7. Management

A degree in economics in conjunction with MBA opens up career opportunities in various domains of management, including sales, marketing, public relations, human resource management, operations, etc.

8. Consulting

A lot of consultancy firms hire Economics graduates as economic advisors to their firms. An economic advisor conducts research, prepare reports, and formulates plans to address economic problems. Problems are mostly related to the production and distribution of goods and services, monetary and fiscal policy.

Evidently, graduates of Economics have an ocean of options to choose from. They are clearly at an advantage. With these multiple career options for Economics Graduates, they can easily climb the ladder of success and sit on the top