A graduate in Economics can
aspire for entry-level jobs in banking, finance, insurance, stock markets,
sales and marketing as well as corporations like consulting firms or government
departments. They can also begin their career with government enterprises,
public undertakings, investment firms, business journals and newspapers. The
Indian Economics Services and Reserve Bank of India are also excellent options
open to those who want to join government services. However, the more ambitious
students of economics can go for MBA degrees or an (MBE) Masters in
Business Economics that are offered by many institutions.
As a general option to all social
science students, economics student can opt for journalism, law etc to
diversify their career opportunities. Those who have keen interest in higher
studies and research can opt for M.Phil. and Ph.D. and thereby aspire to take higher
position in public and private sector. They can also take up teaching as a
career in various colleges, universities and professional institutions. Some
others may choose to enter non-profit institutions like NGOs. Economic
consulting is another option available for students from economic
background. However, the foremost growth potential for economists lies in the
private sector and most notably in scientific research and consulting firms.
Besides merging of world economy gives ample career opportunities in
international financial institutions and research activities.
Remuneration
In the age of liberalization and
globalization Economists supposed to get good return whether in public or
private sectors. In most of the government services Economists are drawing
around Rs.10000 to Rs.12000 annually as assistants while experienced and senior
economists command an average monthly salary of Rs. 25000. Similarly the salary
of an economics teacher in colleges can be around Rs12000 to Rs25000 depending
upon seniority. The remuneration is even more for economic professional working
in private sector companies. Another field of great return for economists is
that of consultancy where the returns varies with the number of their clients.
Institutes
Offering Courses on Economics
Institutes
Offering Courses on Economics
Most of the colleges and universities in India offer
Bachelor and Master’s degree course in
Economics. Doctoral
courses like M.Phil and Ph.D. courses are also offered by many universities and
specific economics school within the country. Almost all the universities in
Orissa offer Masters Course in Economics.