Shining light on the prospects of a Masters in Economics degree holder

Economics is the social science that thoroughly investigates the factors involved in the production, distribution and consumption of the good and services. Due to its increasing demand today, economics has opened the gateway to a plethora of job opportunities across innumerable fields.  Below is a list of 3 broad factors you should be aware of while thinking about choosing Economics for higher education.

1.      Government Economist

-          Working as a government Economist, you serve in a wide range of varying positions involving policy research and analysis. You play a vital role as a policy maker and get to use your insights learnt in your master’s degree when drafting, reviewing and implementing programs and policies. In short, the main goal is to check and make sure that the policies do not have adverse consequences than what is the desired outcome. For example, while making shifts in the interest rate on macro-economic level, the micro economics policies should be taken into great consideration as to how individuals respond to the change and so on, and then implement the change.

-          Another aspect is where you can work in the public sector, where you get an opportunity to work on important societal problems, potentially involving around improving the lives of others.

2.      Private Sector Economist

-          For those students who wish to enter the private sector, Masters in Economics gives you a value edge over the rest of the crowd at the entry level. Apart from having an upper hand during an job interview, the knowledge and skills you obtained in your pursuit of the degree will give you an expert insight into complex financial economic situations and help you better analyse your company’s work be it being a company’s administrator, making policies, planning future business activities and so on.

-          Masters in Economics helps the job candidates stand out from the rest of the UG crowd when they are looking for employment in positions such as business consultants, health insurance analysts, financial managers, public policy analysts and much more.

3.      A prerequisite for Ph.D in Economics

     Getting a Masters in Economics in India is a stepping stone to Ph. D in Economics. If you wish to get into the education sector and teach Economics at a distinguished college or university, getting a Ph. D in Economics is often considered as a minimum requirement for most institutes.

While there is no dearth of opportunities in the field, the most important thing to consider is your key area of interest. Here’s a glance at some notable professions and their key responsibilities in the field of Economics:

-  Research Economist: Analyses and predicts consequences of economic activity on individuals

-          Business Economist: Makes decisions on company’s policies, plans business activities with respect to market conditions, national and international trade policies and more

-          Agricultural Economist: Deals with agricultural financing, forecast production and consumption of agricultural products and so on

-          Financial Economist: Develops monetary policies and devises techniques for regulating financial activities

-          International Economist: Establishes international trade policies, collects and analyses foreign trade data for favourable trade balances

-          Labor Economist: Handles labor policies, disputes, unions or work as a government or industry advisor

-          Professor of Economics in an established university

Why a Masters degree?

If you have an analytical approach to current issues, incline towards the use of math and statistical data to find clever insights of a problem and wish to be on the forefront of globalization and merging of world economy, then Masters in Economics is a must for you.

We can’t stress enough on the fact that one of the best ways to set yourself up for a successful career in Economics is to complete a master’s degree. Also, it is equally important to start at the right platform. When it comes to Economics, you have to make a smart choice with regards to picking an institute which will give you the best industry exposure and also provide an environment which will challenge you and improve your capabilities. Take into consideration the university’s reputation, the faculty and infrastructure and other notable features like the alumni network, student culture and so on.

Symbiosis School of Economics specializes in applied economics and provides you with the analytical skills needed for you to solve the real-world challenges. The curriculum is meticulously designed for the students to think out of the box and come up with solutions of the assessments to help them grow in knowledge and develop practical skills. The course is designed to provide you with insights and explanations you need to be aware of to get a better understanding on the matters and current events related to the world Economy. By the end of this extensive course, you will be imparted with excellent analytical skills and reasoning to explore great prospects in India and abroad.

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