Top 7 Career Options after BA Economics (Hon) – Geeta University

What do Tesla Inc. CEO Elon Musk, third-richest man in the world Warren Buffet, and former Reserve Bank of India Governor Urjit Patel have in common? You guessed correctly, yes!

They are highly known among the world's brightest brains and have achieved outstanding success in their disciplines.

But did you know that all three of them had degrees in economics?

In the current corporate environment, a career in economics is quite lucrative. An economics graduate has a wide range of career options, from marketing and data science to public policy and development, thanks to the subject's rigour and multidisciplinary character.

So let's take a closer look at a few of these professions. This guide is for you if you're one of the hundreds of students looking to pursue a career as an Economics Honours graduate but are unsure on how to proceed.

Policymaking:

Since the capacity to comprehend the economy as a whole is the primary competency of an Economics graduate, many students decide to study Economics at the undergraduate and graduate levels in order to succeed as researchers and policymakers. In the future, one may strive to fulfil this function as the state's or nation's finance minister, central banker, or in another technical policy-making capacity. Alternatives to popular election include academic pursuits coupled with active policy consultations or becoming a technocrat (or technical bureaucrat).

Development Sector Organizations or Think Tanks:

This industry is closely related to policymaking, but frequently as its doppelganger. In order to provide civil society and governments with credible policy alternatives, both development sector organizations and think tanks frequently conduct research on current and alternative policy options in areas like poverty, rural/urban development, education, healthcare, agriculture, international trade, and economic policy. Once more, this is a research-driven sector, thus graduates with experience in statistical and econometric tools—which tend to be Economics grads—have an advantage.

 Economist in a Corporate Sector Firm:

Numerous corporate sector companies employ economists to undertake research on the macroeconomic environment in which they operate and assist them in more adeptly navigating economic cycles and policy shifts. Utilizing statistical and econometric methods, you will perform in-depth research and provide suggestions based on your results. If you decide to pursue this job, you may end up working for a bank, a big e-commerce company, or even a significant technological company like Google.

Allied Areas:

Not every Economics graduate chooses to pursue a career in fundamental economics. Many go into related fields like management and finance and find great success there because to the solid analytical foundation offered by an education in economics.

 Management Consulting:

Analytical problem-solving is the core of management consulting. When faced with difficulties they are unable to resolve with the internal resources at their disposal, organisations from all industries and sectors, including the government, turn to consultants to provide an objective, qualified, and well-researched perspective. A consultant thus often engages in problem-solving across a variety of sectors by performing extensive studies of the customers' businesses and the markets they compete in.

 Finance:

Many Economics majors choose to specialise in finance since undergraduate economics programmes provide the fundamental skills needed for finance. The financial services sector offers job options in investment banking, corporate banking, private banking, and investment, wealth, and asset management. Another option is to focus on corporate finance, which will affect revenue streams, investment plans, and overall financial management, with the goal of one day rising to the position of chief financial officer.

Actuarial Science:

A rapidly growing professional option for graduates of economics is actuarial science. Actuaries are in essence professionals in analysing risk and uncertainty, as well as pricing and allocating resources to deal with them. In addition to economics, they are well-versed in mathematics, statistics, and finance, and they frequently work for pension funds, investment companies, and actuarial consulting organizations.

 

Geeta University have laid the runway for thousands of dreams taking off to the destination of careers with the journey. Geeta University is the top University in Haryana, with high placement records.