Are you confused about deciding on Economics studies and career opportunities? At the end of this article, you will get a clear picture of this stream and its interest. How will it direct the career path and how much is it worth for you?
Clear Doubts About Economics Subject Career Admission
First, I think that most of the aspirants want to know who can pursue this career interest?
Anyone who has passed the 10+2 stage exam can enroll for the UG level course Chandigarh university admission. You don’t have to worry about the scope of an Economics degree holder as it has a broad area to discover and you can explore in any niche across the globe.
If you are good at problem-solving and transferable analytical skills then you don’t have to look back. After pursuing an Economics Degree offered from Chandigarh university courses you can go with any of the following:
- Financial Risk analyst
- Investment Analyst
- Data Analyst
- Financial planner
- Economic Researcher
- Financial Consultant
- Public Sector Roles
All of the above roles can be assigned for the graduate degree holder if you don’t play any role after your graduation level economics program then you can go ahead with the Master’s Degree specialization path. It will give your more advanced opportunities in this interest.
Role of Economics Knowledge in Accountancy
Accountancy is all about financial data management. An Economics Graduate can make his career as an Accountant where you have to focus and keep an eye on every financial movement, and situation associated with any industry/ organization, business, or individual. The Accountant deals with the act of Data Records, Data Collection, interpretation, and financial data communication.
Economics graduates have a good understanding of mathematical proficiency, analytical skills, company finance elements, and computer skills. They can easily manage a complex set of data.
Role of Economics Knowledge in the Banking Sector
Baking Sector looking for skilled individuals/ aspirants and offering high-paying job designation for Economics Degree holders. These candidates can adapt and manage the behavior, challenge, and responsibilities of Risk Analyst, Financial Planning, Financial Control, Consultancy, Data Analytics, etc. Here, in this banking sector, you need to serve the client and customers with needful advice and respective services including this you need to balance the track of financial requirements of business and clients.
To manage the responsibilities of a Professional Economist, you need to pursue the specialization to postgraduate level. The skilled Professional Economist, proficient to prepare economic forecasts, reports for the clients, individually or the organization, industries companies.
Professional Economists have to keep updating themselves with the current affairs and economic context that helps to connect with the public and private banks, think-tanks, local/ national governments, accountancy firms, financial consultancies, large-multinational companies, and local authorities.
Economist Role in Public Sector
If you have pursued the course with Economics interest you must have gained the information and knowledge about the expenses, financial consultancy, economic planning, pricing & risk analysis of the public & private sector.
As an Economics professional you deal with the public sector’s functionalities such as waste, commercial services, public taxation, transport energy, and other expenses.
Economics Role in Business and Financial Consultancy Sector
Business and financial consultants play a major role in the growth of the business. You have to manage the economic research in large and medium scale organizations. The professional designated Economic Researcher understands the economic fundamentals, theories, models and can manage the functionalities and responsibilities using the mathematical, analytical, and problem-solving skills.
You can drive a financial consultancy firm where you can give your suggestions and advice to multiple clients, and organizations, to plan the financial strategies and reports. You have to keep checking on the business world trends and updates to upskill the knowledge and awareness of finance requirements aligned with the corporate world.
Economics Knowledge in Actuarial & Data Analysis
This field is related to the advice and evaluation of financial risk and uncertain behavior. Here, as an Actuary, you need to understand both business and economics along with mathematics and compiled statistics. They work to overcome the risk, for this, they plan the strategies and provide the reports.
The actuarial plays an important role in different domains such as pension, insurance, banking, investment, healthcare. The actuary should have great communication skills to make the non-expert people understand complex data practices.
If you have decided to pursue a career with the Economics Subject interest, you have many more high-paid opportunities. You can go with the Business Manager role, Auditor, Insurer, StockBroker, Financial Consultant, Salesperson, Statistician, Retail Merchandiser, Pricing Analyst, International Development, HRM (Human Resource Management), Journalism, Market Research, Politics, Social Research, Taxation, Law, IT, Public Relations, Entrepreneur, etc.
So, which option or role you found interesting for you?
DO you like any of them?
All are good and offer a bright future!