If you are fascinated by the inner workings of economic establishments and financial trends in the business world, a degree in Economics can give you the inside story. The subject is also great for finance aspirants who want to pursue a career in government oversight roles or public policies.
A BA Economics degree can allow you to study different labour markets and industry trends in the country and contribute towards shaping the economy in a positive direction.
Read ahead to learn more about the kind of career prospects that you can expect as an economics graduate.
What are the career prospects of pursuing a BA Economics course?
An academic background in economics can bring the entire financial world into your purview. You will be able to develop the relevant skills to organize and interpret financial data, create mathematical models of financial plans, and insightful economic policies. Economists have to break down complex financial data into a format that is easily understandable by legislators and business leaders.
Here are exciting career options that are available in the economics domain.
- Investment analyst: The job involves analysing the different investment options such as mutual funds and securities and determining their pros and cons as well as their impact on the funds and market. Such roles usually exist in big investment banking companies or hedge-fund businesses. The role requires good analytical skills, mathematical skills, and a knack for market prediction.
- Foreign trade analysts: These analysts analyse the transfer of products and services across the globe. They are in charge of analysing different business styles, intricate trade issues, business stock listings, and various mergers and deals. As a foreign trade analyst, you will also be responsible for suggesting business decisions that positively impact the international trade deals of the company. They should possess a knack for numbers and a keen knowledge of international market dynamics.
- Securities analysts: They study the patterns and behaviours of different types of investment funds and securities, provide valuation reports for them, and buy and sell them to investors to earn profit for the business. These people should have an intimate knowledge of the stock market and an acute analytical mind apart from having a keen eye for details.
- Cost estimator: A cost estimator is a valuable resource for any organization as he/she calculates the cost of any business decision. They use statistical and predictive software to analyse the cost of labour, resources, and tools required to complete a project. Estimators should be excellent with mathematical, statistical, and analytical skills to do their jobs effectively.
- Portfolio manager: Portfolio managers monitor the stock market and do extensive research to make profitable decisions for their investors or clients. The job requires extensive knowledge of predictive analytics, hedge funds and securities, and behavioural patterns of the stock market. Since the job can be unpredictable, these managers need to be tenacious, analytical, and patient.
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Apart from these positions, you gain also gain entry into similar roles in allied domains such as investment administrators, customer profit analysts, market research analysts, social economists, actuaries, or portfolio managers.
Invest in a good bachelor’s program in Economics to get the finance career of your choice.
