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What can you do with a degree in Economics?

Posted on July 31, 2020 by Umer Fayaz  | Blog | Teaching

Economics is perhaps the most interdisciplinary subject that has application in almost every field. Given the rising popularity of jobs related to economics, it is becoming one of the most widely pursued fields. The discipline combines several fields including politics, sociology, psychology and history, making it an all-encompassing subject that opens doors to a plethora of opportunities. Depending upon the reputation of an institution where the degree is pursued from, a degree in Economics offers a spectrum of distinguished job opportunities in a number of fields.

Why Study Economics?

A degree in economics has a great potential to boost your employability as it equips you with critical thinking and research skills. Be it a private banking and investment sector or a government policymaking, economics plays a pivotal role in shaping concepts and measuring outcomes. With a degree in economics, you can cater to a number of job positions that offer lucrative salary packages, some of which include:

  • Financial risk analyst
  • Economist
  • Actuary
  • Data analyst
  • Accountant
  • Financial planner
  • Financial consultant
  • Investment analyst
  • Economic researcher
  • Become an Economist

Become an Economist

The most reputed and highly rewarding career path that you can opt for after finishing your degree in Economics is that of an Economist. As a professional economist, you will be tasked with solving real-world problems that involve researching and analysing economic data to derive possible solutions for the existing problems.

A degree in economics from a top business school can give you a kickstart towards becoming a successful economist. The top employers in the field include government, public and private banks, financial institutions, think-tanks, insurance companies etc. Though the job requires you to have an exhaustive knowledge of the subject, it is highly rewarding when it comes to salary prospects and job satisfaction.

Banking Careers

Banks being the primary employers for economics graduates, they offer numerous roles to economics graduates. From private to government-owned banks, the demand for graduates with an economics background is very high. Top banks around the world turn to the best institutions providing undergraduate and postgraduate programmes in economics to fill their vacancies. The job involves financial control, risk analysis, data analysis and giving financial advice to the clients.

Accounting Careers

Though higher education institutions often teach Accounting as a separate subject, having a background in Economics is a plus point. Businesses all over the world hire Accountants to keep their business on track. The job of an Accountant involves monitoring of the financial situation, classifying, interpreting, presenting and recording of financial data. Doing all this requires exceptional analytical skills and proficiency in mathematics and finance. Those who study Economics are likely to perform well in their roles as Accountants as they are trained to interpret complex data and have a greater sense of risk management. Some even go on to pursue a career in Actuarial Science.

Why is ISBF a Perfect Launchpad to Make a Career in Economics?

Having a degree in Economics can propel you towards lucrative career opportunities but which institute you pursue your degree from makes a huge difference. At ISBF, the programmes are offered under the academic direction of the London School of Economics (LSE) - both Economics Honours and dual specialisation ones like Economics & Management and Economics & Finance.

Being a premier institution in imparting quality education in Economics and owing to its long-standing association with LSE and University of London, the degrees offered are globally recognized and prepare students for a high-impact career in the field. The curriculum is application-oriented and enquiry-based which equips students with necessary technical and soft skills and give them an edge over their peers while applying for any postgraduate programme in Economics in India and abroad along with gaining employment with the top organisations in the world.

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