Introduction
Choosing to study economics is more than just picking a degree. When you enrol in any top economics program, such as the ISBF’s B.Sc. (Hons) Economics, you prepare yourself to understand how the world works beneath the surface. Everything from market fluctuations to decision-making in big corporations or government starts making more sense because of the acquired knowledge, awareness, and understanding.
While economics know-how can satisfy intellectually curious minds, did you ever wonder where this knowledge can take you once you graduate with the subject? Many students pursuing an economics program or those planning to take admission in such programs have similar thoughts. Hence, in this blog post today, we at the Indian School of Business and Finance (ISBF), positioned among the best economics colleges in India, have curated a list of the top career opportunities that you can grab after obtaining an economics degree. Let’s read on.
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Economist (Government & Policy Sector)
It’s one of the best career paths you can choose as an economics graduate. The profession requires studying economic trends, advising on policy matters, and helping shape decisions at the national or state level. This is the ideal career for anyone who wishes to contribute meaningfully to society.
Several public institutions, such as the Reserve Bank of India (RBI), NITI Aayog, the Ministry of Finance, etc., require qualified economists. While the salary varies according to the person’s experience, knowledge, skill set, etc., economists in India receive an average salary of INR 6,14,451/annum.
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Financial Analyst
Those interested in crunching numbers and using their logical thinking to finish tasks should explore the path of a financial analyst. As a financial analyst, you’ll be expected to assess investment risks, interpret financial data, help businesses make informed financial decisions, and more.
Financial analysts are always in high demand in banks, NBFCs, investment firms, insurance companies, etc., which means you’ll have plenty of opportunities and room for growth. While the salary is lucrative, it varies significantly based on the company you’re joining, your years of experience, location of work, etc. The salary may range between INR 2.2 lakh/annum to INR 13.7 lakh/annum.
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Data Analyst/Business Analyst
It’s a highly rewarding career opportunity for economics graduates who love working with numbers and enjoy finding patterns in large datasets. As a data analyst, you’ll study, analyse, and interpret raw financial data to guide businesses with their decision-making process.
Data analysts in India receive an average salary of INR 5,47,773/annum, making it a relatively lucrative career option. We at ISBF are proud to state that students in our B.Sc. (Hons) Economics program are well-prepared for all these professions because of our special emphasis on statistics and the hands-on, industry-centric training we provide to our students.
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Consulting & Strategy
Management consulting is where economics graduates truly shine. If you always wanted to work at big companies, such as McKinsey, Bain, Accenture, Deloitte, etc., your economics degree can help you secure a job in these companies. You may be hired as a management consultant, strategy analyst, business development executive, or any other role that requires solving complex business problems.
Developing growth strategies and optimising operations for clients across industries are also part of the role. Early-level professionals, especially those in the first two years, may receive an average salary of INR 9.5 lakh/annum. However, it will vary significantly based on several factors.
Conclusion
Unlike what most people believe, economics isn’t just about supply and demand curves or theoretical concepts. It’s a gateway that lets you view and shape the world around you. Whether you’re driven by public policy, finance, analytics, or something else, the economics program will help you develop skills that are highly valued across all sectors.
At ISBF, ranked among the best economics colleges in India, our B.Sc. (Hons) Economics program, offered in collaboration with the prestigious London School of Economics (LSE), focuses on much more than preparing students academically. Here, students don’t just learn about economic frameworks but are also trained to apply them in real-world challenges. With rigorous training, global curriculum, hands-on projects, and industry exposure, we at ISBF ensure our students are not only job-ready but also future-ready.