The Economics as a subject is a very important course. Many students are interested in higher studies in this subject. The students who complete a graduate or a post graduate degree in economics are well aware about the fact they will get good career opportunities in this field. Economics is a subject which seems to be interesting and therefore after completion of the degree in this, one can go in for a PhD program as it may always fetch in higher career opportunities. The course in economics covers multi dimensional aspects.

In order to opt in for a PhD program, the basic requirement is a Post graduate degree in economics itself. Most of the students after the completion of the post graduation program may go in for Ph D because of the enormous career growth that it brings in.

The major opportunity which lies in the field of Economics is that it is mainly involved in the field of Research. Research oriented works are mainly safe in the hands of Economics graduates. A PhD degree should only be taken if a person has ample interests in research oriented works. Mostly the PhDs are taken by people who are involved in the Academics field. This may result in better understanding of the particular field or subject in a better manner.

Career Options after a Degree in Economics

As already mentioned a person should be a graduate in Economics to go in for the higher level of studies in the same field. After the graduation degree the students can opt in for the Masters in Economics. The students can opt in for the various specializations which are available such as

• Applied Economics
• Econometrics
• Business economics etc.

A significant career option for a student who is interested in pursuing a Masters can opt in for IES (Indian Economic Service) exam which is conducted by the UPSC.

A PhD degree in economics is suitable for teaching profession. There are numerous opportunities present in both government as well as private sector colleges and Universities. The candidates can clear NET conducted by UGC for lecture posts. The remuneration in this field is pretty good when compared to others.

A PhD degree will help a person to get in to research oriented teaching profession .The candidates can also get employed in Research labs etc. After PhD one can also apply for the Junior Fellowship exams. They enjoy prominent positions while working in journals, newspapers, magazines etc in communicating their opinions related to different issues.

Hence the course of Economics in is in higher demand among the students nowadays. This high demand will bring in tremendous changes in the industry itself where in more students are inclined towards studying this subject in detail.