Future prospects of B.Sc in Economics
Bachelor of Science in Economics is an under graduate course covering the study of basic concepts in the area of Economics. Candidates who have completed this course can have numerous job openings in various fields. Economics has its application in all sectors. Apart from this, candidates can go for several higher study options as well. This will facilitate them to attain great heights in the area of Economics.
Higher study Options in Economics
Candidates who have completed their three-year degree course in economics with good marks can seek admission to two-year MA/ M.Sc. programme in economics. The post graduation programmes offer several specialisations for study. Candidates can choose the electives according to their areas of interest. Some of the specialisations which candidates can opt for based on their area of interest are mentioned below.
- World economics
- Industrial economics
- Financial economics
- Rural economics
- Health economics
- Development economics
- International economics
- Agricultural economics
- Labour economics
- Business economics
- Economics of human resource development
Some universities offer courses in Business Economics, leading to the Master of Business Economics (MBE). Econometrics is one of the significant specialisation areas of economics, combining economic theory and application of Mathematics.
Colleges offering higher studies in Economics
There are ample institutions in the country offering higher studies in Economics. Some of the prominent universities and institutions are mentioned below.
- The Cochin University of Science and Technology, Kerala
- The Delhi School of Economics
- Indira Gandhi Institute of Development Research (IGIDR), Mumbai
- Gokhale Institute of Politics and Economics, Pune
- Banaras Hindu University, Varanasi
- Madras School of Economics, Chennai
Job Opportunities after B.Sc in Economics
Globalisation and the closeness of the world economy have widened the career prospects of economists. Candidates who have graduation in Economics can find entry-level jobs in banking, finance, insurance, stock markets or share-broking, sales and marketing and so on. Ample job opportunities are available in government enterprises, public sector companies and investment firms etc. The Union Public Service Commission conducts the IES examination every year. The Indian Economics Service and positions in the Reserve Bank of India are excellent options in the government sector for economics graduates.
Career opportunities in research are available in institutions such as the National Council of Applied Economics Research and many other universities. On qualifying in NET one can take a doctorate to reach higher positions in the research and development field. Organizations such as FICCI, ASSOCHAM and CII are the other major prospective employers.
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