Macroeconomic trends taking place around the world influence our daily lives to a great extent. Being aware of the global economy and the rapid changes that take place is important to live a good life. India is also home to some famous economists who have contributed to significant discoveries and theories in economics.
This legacy and the scope of economics have prompted thousands of students to take up BSc Economics after their school education. Pursuing a BSc in Economics expands your academic knowledge in the field and introduces you to new concepts that will help you excel in your respective career field.
As the career options after a BSc in Economics are plenty and diverse, listed here are the top nine opportunities you can look forward to as you step into the world of economics.
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Economists can be employed in any industry as they help analyse market trends through careful research and can help make better business and financial decisions. As an economist, you must analyse data, conduct various surveys, identify problems, and suggest solutions that can be beneficial for businesses.
2. Data analyst
The responsibilities of a data analyst are similar to that of an economist. A data analyst collects and analyses large amounts of raw data to identify patterns which can inform business decisions and predict market trends.
3. Financial risk analyst
A financial risk analyst analyses various financial documents and other accounts of an organisation to reduce the potential risk that may arise. You must study the costs, investments, economic conditions, transactions, clients, and other factors to determine the risk factors involved in a decision.
4. Investment analyst
As an investment analyst, you must study the market trends and guide the financial decisions in investments such as buying, holding, or selling a share at a particular time.
5. Management consultant
Management consultants help organizations and businesses solve their problems through the development of various innovative strategies. Helping optimise business growth is their primary responsibility.
A statistician collects and interprets data to assist the decision-making process of clients and stakeholders. They also prepare various models that help predict market forecasts and industry outlooks.
7. Compensation manager
Compensation managers are responsible for establishing and maintaining the pay system of an organisation through adequate research and analysis. You must closely work with the human resource department and ensure that the benefit plans reach every employee in an organisation.
As an actuary, you must analyse statistical data to determine the potential market risks. Actuaries make predictions on how much of a risk a client can be and how to compensate for that effect. Insurance companies are where actuaries are employed the most.
9. Marketing analyst
Market analysts are responsible for tracking and analysing market activities such as the sales and performance of certain products or services and preparing regular reports. These insights help companies plan strategies accordingly.
All these careers pay you well and offer flexible work options. So, enrol in a BSc Economics course today.