Introduction
We all remember the 2008 Financial Crisis, the one where the U.S. housing market collapsed due to excessive subprime mortgages, leading to a global economic downturn.
What do you think went wrong here? Well, it was the lack of financial literacy and risk assessment, which led to massive bailouts, market crashes, and regulatory reformations across financial institutions. In the presence of financial expertise, economic understanding, on-point business decisions, and policy-making, the outcome would have been different.
There are many such examples to cite that underline the importance of economics and finance professionals. A recent article in the Economic Times even hinted at jobs in the financial sector growing by a whopping 9% in 2025.
To bridge the gap between market demand and available expertise, we at the Indian School of Business and Finance (ISBF), positioned among the best finance colleges in India, have designed our B.Sc. (Hons) in Economics & Finance program in such a way that it not just promises a hands-on curriculum and industry experience to students but couples it up with a highly valuable graduate degree from the University of London.
At ISBF, we ensure that we deliver a perfect blend of theory and practical insights to our students while also instilling in them all the necessary skills they would need to make it high in their professional sphere going ahead. Here are some vital skills that we help aspirants build in the course of learning:
Analytical Thinking:
To leave their mark in the field of economics and finance, we help our students develop analytical thinking abilities. Because of this, our students are able to comfortably dissect complex data and keep track of market trends. Eventually, these skills contribute to them bagging meaningful job roles in the areas of investment banking, financial analysis, and risk management.
Quantitative and Statistical Skills:
Your interest in economics and finance may lead you to pursue a job in actuarial science, data science, or portfolio management. This is where strong quantitative and statistical skills can come to your rescue to carry out activities such as financial modelling and economic forecasting accurately and with ease.
Problem-Solving:
We at ISBF would like to underline the fact that irrespective of the stream you choose, problem-solving skills always act as your cape. In the area of economics and finance, this is no exception.
Irrespective of the job role you choose, be it that of an economist, financial consultant, or corporate finance head, moving ahead seamlessly in the absence of problem-solving skills is next to impossible.
Hence, it is vital for candidates to be excellent problem solvers so that they can identify and address financial efficiencies, economic risks, and strategic opportunities, and take the right call well within time.
Knowledge of Financial Markets and Economic Principles:
In order to build a meaningful career in economics and finance, one must develop a deeper understanding of the financial markets and economic principles. These come particularly handy for the ones looking to work as investment bankers, traders, and economists.
Knowledge of this is crucial for the candidates to understand market fluctuations, interest rates, monetary policies, and economic indicators.
Risk Management:
Growth in the area of economics and finance is guaranteed to those who understand market volatility and economic uncertainty when assessing investment risks. This counts as a mandatory skill for those looking to flourish as risk managers, actuaries, and portfolio managers.
Summing Up:
In 2013, India was hit by a currency crisis, which was when the finance and economics proficiency of the then RBI Governor, Mr Raghuram Rajan, contributed to stabilizing the Indian economy. His policies around interest rate adjustments and forex reserves management helped restore investor confidence minimising the gravity of the situation.
While there is a lot there to learn on the job in roles like this, a relevant qualification and subject expertise only make the onward journey easy. We at ISBF, regarded as one of the best finance colleges in India, attend to this requirement with our B.Sc. (Hons) in Economics & Finance undergraduate program. You can gather more details about this course here and apply for admission to the 2025 batch.