If you want to earn in lakhs, then study this subject!!!
If you want to make a career in economics, then this news is very useful for you. After taking an economics degree in India, students have many attractive and practical career options. To choose the right career, it is important to understand what work has to be done in each option and what kind of skills are required. Here we explain some of the major career options in economics in detail so that you can take the right decision.
1. Financial Analyst
The job of a financial analyst is to analyze financial data, evaluate investment options and provide financial advice to companies and institutions. This includes reviewing financial statements, studying market trends and investment recommendations. Along with this, you will advise clients on where and how they should invest their funds or investments so that they can get maximum returns.
Essential Skills
In-depth analysis of financial data
Use of Excel and financial software
Ability to do research and decision making
Salary Structure
Starting Salary: Rs 4-6 lakh per annum
Experience (10-15 years): Rs 15-30 lakh per annum
2. Economist
As an economist, your job will be to study various aspects of the economy, analyze economic policies and problems, and figure out what kind of economic steps can benefit society or businesses. You will work on trends in economic growth, unemployment, inflation, and international trade.
Essential Skills
Understanding of macroeconomic and microeconomics
Use of mathematics and statistics
Analysis of large amounts of data
Ability to write economic research papers
Salary Structure
Starting Salary: Rs 6-8 lakh per annum
Experience (10-15 years): Rs 20-40 lakh per annum
3. Policy Analyst
Policy analysts work for the government, non-profit organizations, or private companies. Their main job is to study social, economic and political policies in depth and assess their impacts. Policy Analysts ensure that all aspects are taken into consideration during policy making. Apart from this, you will do research, collect data, and prepare reports, which will be used by decision-making authorities.
Essential Skills
Deep understanding of public policy
Knowledge of legal and economic principles
Excellent written and oral communication skills
Salary Structure
Starting salary: Rs 5-7 lakh per annum
Experienced (10-15 years): Rs 18-30 lakh per annum
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