Top career options after pursuing MA in Economics

Introduction

Economics is regarded to be one of the best career options if you have an interest in knowing about the market in-depth and also how the economy works. Top career options after pursuing MA in Economics are wide and there are various profiles for which you can serve as the best option. As an economy degree holder, you have to have a good command of mathematical, analytical, and statistical approaches. Along with that, there are various concepts and challenges that need to be analyzed in Economics.

After completing your post Graduation that is MA in economics, you can successfully look forward to applying for the positions of Financial Consultant, Risk analyst, economic researcher, and investment analyst as well. So let us have a look at the career options after masters in economics in India.

Career Options after MA in Economics

Education Industry:

If you have MA in Economics then you can enter the teaching field. Your main goal while being in the teaching profession is to impart knowledge to the students regarding various concepts, principles, theories, and even the way these are applied in our daily life.

The idea behind teaching economics at the school and college levels is to let the students know how strong their foundation has to be. Moreover, if you have a Ph.D. degree or M.Phil in economics after your MA you can even join as an Assistant Professor in Colleges and Universities.

Data Analysts:

Data analysts are those who analyze the risks and uncertainties and see how it is going to impact the businesses. Moreover, in order to predict the uncertainties and the risks to the organization one needs to have the required skills and knowledge for the same. Moreover, MA in Economics graduates fit perfectly well into this profession.

Economists:

Economists are also in huge demand as they have to study the demand and supply of goods as well as services that are in an economy. The job of an economist is one of the most common among the MA Economics Jobs. Also, for this both quantitative and qualitative analysis are needed and that too on diverse topics. Economists who have collaborations with large companies have great scope and the average salary of these economists is huge.

Research and Consultancy:

Those who complete MA in economics also have a great career option of being in research and consultancy sector. Here they can perform a wide range of duties like gathering data, forecasting the market and studying various trends and data. The socio-economic impact of the various public policies is also studied by them along with the taxes and regulations. Those who have completed MA in economics can even join the consultancy firms or even work independently.

Entrepreneurship:

After graduating in MA Economics, the graduates have access to great knowledge on various concepts of Economics and various market situations as well. The economist graduates can easily understand the various market trends and know about the profitable sectors. This is the reason why entrepreneurship is regarded to be the best career choices and the people can drive a lot of profit through it and make their business grow.

Financial analyst:

Financial analysts are those who study the market trends and the economic factors that have impact on the investment decisions. These have the know how of stocks, bonds, investments, companies and industries as well. The financial decisions are made as per their effect on the short term and long term growth of the company. MA economics salary in India ranges from 4 LPA to 9 LPA.

Important Things to Keep in Mind:

• The scope of economics is wide and varied.
• Those who have MA degree in Economics have ensured that they have a competitive graph and they can even bag high paying job roles.
• After pursuing MA economics the graduates have various field in which they can enter for eg, they have the financial services, market analysis, economic consultancies, public policies, education and much more.
• The salary of the MA Economics Jobs is huge and thus, they can open their doors to highly paid jobs.