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Who is an Economist? Are you eager to know about the role of an Economist? The mantra of a typical Economist is to collect data, analyze data and Implement data models. Every single day, new start-ups emerge. A few provide new and innovative solutions, and the rest come up with quality services or products that customers favor. Companies strive hard to bring their products and services to the pinnacle of the market. In order to bring a company to the top, one needs to satisfy the current trends of the market and meet the needs of the customer. But, how to conquer the market? How do I know the latest trends? Why are they important? Who deciphers the secrets behind market trends? How do you get optimal solutions to be at the top? Asking "How to Be an Economist?" can provide answers to all of these queries. Let's dig in to find who can become Economists, Economist qualifications, average salaries, and job prospects for an Economist.
Economics is the study of how resources are used, how goods are produced, and how this affects society over a given time period. An Economist gathers these data through different surveys and studies, analyses the statistical data, and then proposes an efficient solution as per the requirement. An Economist can work in any sector, and they also advise companies on investments, taxes, etc. Economists study everything from small to large communities.
Mentioned below are the roles and responsibilities of an Economist:
Conduct research and collect data through surveys in order to address economic problems.
Use different mathematical techniques to analyze data and prepare reports.
Advise businesses and government organizations on Economy- related topics.
Write and publish Articles.
Propose recommendations and policies to regulate the market.
A brief walk through the life of an Economist got you enthralled? A picture of ‘What do Economists do?’ painted in your head? Then you definitely have to skim through elaborate details related to the same.
The earlier the preparation, the better the advancement. In India, students who aspire to become an Economist must have a strong foundation in Economics. Choosing Economics or Accounting as a mandatory subject in their 12th grade will be advantageous. In order to start a career as an Economist, students can pursue the courses mentioned below once they meet the eligibility requirements.
Undergraduate Degree:
After completing 12th, students can take up an undergraduate course in Economics. Colleges select students based on their merit score in 10+2/ 2nd PUC or through entrance exams. They can either take up Bachelor of Science (B.Sc) in Economics or Bachelor of Arts (BA) in Economics.
After a brief dive into the 2 courses, let’s look into BA and B.Sc Economics Colleges in Bangalore.
Students can do internships after completing their UG degree in Economics or get into any entry level jobs. But most of the students pursue a PG degree.
Postgraduate Degree:
Pursuing a higher degree increases chances of getting a good job along with a good salary. Hence most of the students opt for a PG degree after pursuing a Bachelor's degree. Entrance exams are mandatory to join a few colleges. Students can either choose Master of Science (M.Sc) in Economics or Master of Arts (MA) in Economics.
Students can choose from the following Economics colleges in Bangalore to pursue their Masters Degree.
After pursuing a Master’s Degree students can start working or they can move on further and pursue their PhD degree. After attaining the above mentioned Economist qualifications, students can go on and pursue a career as an Economist. As many sectors require Economists, there are a wide range of career opportunities.
Career Opportunities as an Economist:
After checking all the boxes of the required Economist qualifications, let’s look at some career options, or the best field a student can choose from, to work as an Economist.
Stock Exchanges
Banks
Research Organizations
Finance Companies
Newspapers and Journals
Both Private and Government Sectors offer jobs for an Economist. Some of them are listed below.
Research Economist Econometricians Financial Economist Labor Economist Industrial Economist After pursuing an Economics degree, many students choose to become an Economist as it has many benefits compared to other fields. So, what are they? Title of an Economist is both impactful and eminent. It is a stable profession in the long run and it comes with good benefits like: High Salary Job Stability Job Availability in Multiple Industry sectors The scope for Economists has been spiking up. Job opportunities are plenty. If one genuinely aspires to become an Economist they need to strive hard, as it is a competitive field. Hopefully this article clearly answers the question “How to become an Economist after 12th” and helps students get to their dream job as an Economist.How much Does an Economist Earn:
The salary of an Economist in India depends on various factors. The pay scale for an Economist is higher in the private sectors than in government organizations. Students' marks and the college they pursue their degree from also determine their salary to some extent. An experienced candidate will be preferred in big firms and will be offered high salaries. Average salary of an economist in India is Rs. 7,17,000 PA. The average economist salary in India for different categories are mentioned below:Benefits of Choosing the Economist Career:
Conclusion:
