If you have a mind that always gets you into a logical explanation of everything around you and ponders into the mathematical interpretation of every little incident around, economics would be the best option for taking up as your major during the undergraduate course. Apart from satisfying your curiosity of analytics, this domain also has the potential to fetch you jobs that are well paid and are respected as well. Here is a brief idea of the best jobs that you can look up for upon completing your graduation in economics:
Market Research Analyst
This job role refers to the responsibility to interpret the upcoming market trends under varying economic conditions to explain the scope of products and services associated with any industry. The economics graduates receive specific training in making graphs and charts consequent upon a data-driven analysis of economic situations. Knowledge of statistical tools is another aspect that makes economics graduates the most suitable professionals in this field. With an average annual salary of INR 3,75,000, it is one of the most sought after jobs for any economics major graduate.
Economic Consultant
Consultancy can be another smart choice for an economics graduate. The consultancies are generally provided to the corporate and major business houses to help them determine their next business move based on the analytical propositions of the consultants built on market researches. Almost every industry like finance, education, healthcare, government, and even service sector has a huge demand for economic consultants. Apart from being one of the most prestigious occupations, it can render a professional an annual package as high as INR5,50,000.
Credit Analyst
Credit analysis is directly related to one of the major wings of economics, the micro-economic theories. Hence, an economics graduate will always be the best choice for this position. Assessment of risk involved with any loaning transaction and making reports on how to get rid of any credit debt with optimum benefits are some of the key responsibilities of any credit analyst. The interest rate that would be best for taking or giving loans is also the lookout of a credit analyst to ensure maximum profit for the organization in concern.
Compensation and Benefits Manager
This job directly relates to tools of labor market, and economics surely has a part of it related to the same. Knowledge in numbers, statistical figures, operations, analyses, interpretations, and tools like optimum budget analysis, utility management, and budget equilibrium are certain parameters that make economic graduates the best choice for such an unorthodox job. Various organizations of high repute recruit compensation and benefits managers to make sure that they do not overspend on wage bill. Hence, these managers work as a right hand to the senior management team of any organization enjoying lucrative compensation packages themselves.
Financial Analyst
Currently, it is one of the most recognized and well-paid options available in the market for economics graduates. The in-depth knowledge in bonds, speculative market, stocks, and investment tools is what makes financial analyst a perfect job for graduates in economics. It is not only a respected designation but also comes with handsome compensation packages. The minimum that you can expect from this job is an annual average package of INR 4,00,000 as your income.
Business Reporter
If you have a flair for writing in you, and at the same time, also still wish to stand by the economics knowledge that you have gathered over your days of graduation, opting for a business reporter job would be a smart and effective choice. You will find a way to express your own economic views on certain phenomenon through your columns apart from broadcasting the views of reputed business leaders and companies. The median annual income for such a job revolves around INR 3,90,000 pa.
We, at Lingaya’s Vidyapeeth, one among the leading government approved Colleges in Gurgaon, have been dedicatedly working towards imparting the young minds with industry-relevant education that augments their possibilities of getting absorbed into the working crowd of the market today. Our curriculum, industry training, teaching methods, and placement counseling conform to the latest industry trends and requirements guaranteeing the selection of our graduates into leading business firms.