Career Options In Economics: Important Points To Know (2021)

Introduction

Economics is one of the evergreen subjects with high demand and wide implementation in the job markets. Job opportunities are expanding in light of globalization and after the converging of the world economy. A well-trained economist analyst has a high demand in India as well as across the world. Here you will track down a complete guide on career options in economics.

List of Career Options

As you know, economics is a tremendous field with a wide extent of development. Here are a couple of career options in economics that you can explore:

1. Economist
2. Personal Financial Advisor
3. Economics Teacher
4. Quantitative Analyst
5. Supply Chain Analyst
6. Compensation Manager
7. Business Reporter
8. Product Manager
9. Economic Consultant

1. Economist

Average Salary Range: Rs. 1.88 to Rs. 14.80 Lakhs p.a.

If analysis and research is your cup of tea, you are intended to be an economist. With a reliable experience in economics and a distinct interest in the economic working of the market, you will be capable of understanding consumer behaviour and producer behaviour efficiently.

With an expert and educational experience in economics, the economist career path isn’t just the most secure wagered yet also a standout amongst other best career options after masters in economics in India.

2. Personal Financial Advisor

Average Salary Range: Rs. 1.84 to Rs. 10.00 Lakhs p.a.

A personal financial planner is a financial advisor. It is one of the best career options in economics whose essential occupation is to manage money and plan investments in a manner that creates the best return for the principal. It is basically a number game and would be trying just as compensating for the individuals who like the number games and have an extreme interest in finance and economics.

3. Economics Teacher

Average Salary Range: Rs. 2.06 to Rs. 10.00 Lakhs p.a.

No introduction requires for the profession of a teacher, and it is one of the best career options in economics after 12^th class. The branch of economics is immense to the point that everything has some component of economics in it. 

The fields of study of economics can be separated into two, for example, research and teaching. The young enthusiastic students who hope to advance research ideas with energy for educating can become economics faculties.

4. Quantitative Analyst

Average Salary Range: Rs. 4.82 to Rs. 20.00 Lakhs p.a.

The essential job of a quantitative analyst is to settle on financial choices in the business with the assistance of quantitative techniques. The job of a quantitative analyst is important in associations such as investment bankers, fund managers and PE firms.

5. Supply Chain Analyst

Average Salary Range: Rs. 2.49 to Rs. 10.00 Lakhs p.a.

A supply chain analyst is an important person in the entire work process of the supply chain who analyses and collects information to enhance the performance and to downsize the expenses. The role of a supply chain analyst requires reliable business acumen and analytical skills.

The important job obligations of an analyst incorporate the implementation and planning of overseeing inventory procedures, maintaining standards, and supply chain optimisation projects.

6. Compensation Manager

Average Salary Range: Rs. 4.85 to Rs. 40.00 Lakhs p.a.

The role of a compensation manager is to ensure that the organization’s compensation scale framework is satisfactory and up to date, taking over the current inflation rates and the standard of living. It is quite possibly the most remunerating career option in economics.

7. Business Reporter

Average Salary Range: Rs. 1.01 to Rs. 10.00 Lakhs p.a.

As a business reporter, the essential job is to accumulate data on organisations and speak with people inside and outside of your association, including the government, public, and others.

This is one of the exciting career options in economics for each individual who likes to pursue businesses throughout the planet and to make stories from an outsider viewpoint.

8. Product Manager

Average Salary Range: Rs. 5.04 to Rs. 31.00 Lakhs p.a.

The product manager is the key individual who is presented with a definitive responsibility of bringing into life a product of the association with no glitches and postponements.

9. Economic Consultant

Average Salary Range: Rs. 2.04 to Rs. 20.00 Lakhs p.a.

The career of an economic consultant has three columns, namely, knowledge of statistics, economics and mathematics. The essential occupation of an economic consultant is to direct research about the economic situation of the client business to reconstruct the business to close the holes that block the development of business.

Conclusion

All the above career options in economics request patience, hard work, and discipline. Notwithstanding, it won’t be an underestimation to say that these career paths will undoubtedly take you to sustainable development and growth!

So, there you go, a specific list of the best career options in Economics! We’ve taken consideration to incorporate both the evergreen and trending career choices with the goal that you can find out what lies ahead and prepare your professional steps accordingly.

Want to know all relevant information about your future? Head to our website to check out the best and the latest information about various fields to build your knowledge and scope.

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