Economics is the study of concepts and principles in relation to economics. It is applicable in every industry. Every organization looks for Economics graduates in order to gain an advantage over their competitors. There is an abundance of opportunities for Economics graduates in many areas regardless of industry. They can seek a career as a professional economist with data research and analysis. The areas where job opportunities lie are banks, government, local authority, insurance companies, multinational companies, financial consultancies, finance companies, investment, and healthcare.
Thanks to the skills developed during this course, the graduates can apply the same to set up their own business and be a successful entrepreneur. The top recruiters who are always on the lookout to hire fresh talent in economics are listed below:
- AON Hewitt
- Tata Consultancy Services
- Canara Bank
- Axis Bank
- Coca Cola
M.Phil. Economics: Job Profiles
The economics graduates can work for top companies at different job profiles. Some of them are displayed below in the table.
|Quantitative Modelling Manager||Quantitative Modelling Managers use Statistical methods, modeling and research to analyze Financial behavior.|
|Research Analyst||A Research Analyst prepares reports on equity securities.|
|Economist||An Economist studies the relationship between society and its economic system.|
|Fund Analyst||A Fund Analyst provides Stock Market Traders with financial information, advice, and recommendation based on global investment data.|
|Equity Analyst/Financial Analyst||An Equity/Financial Analyst research and determine which securities are likely to be profitable and help individuals or organizations make a financial decision.|
|Assistant Professor||An Assistant Professor teaches Economics to students in colleges and universities.|
M.Phil. Economics: Salary Trends
The Finance sector in India is projected to grow at a steady rate for the next few years and is supposed to generate as many as 20 Lakh new jobs in the next few years. With the growth in the industry, the finance sector will also experience a requirement for skilled professionals in research and analysis. This makes M.Phil. Economics a viable option for those who wish to pursue a career in the Finance sector.
An estimation of the latest salary trends in the field of finance and economics is displayed with the help of the graph displayed below: