Careers in Economics
What is meant by Career in Economics?
It is possible to start your career in economics, by understanding how goods and services are created in the market through various resources such as land, labor, capital, technology etc. The job of an economist revolves around researching and monitoring various trends in the market such as:
Various taxations applied on products and services.
The candidates building a Career in Economics can apply for a job in any of the following organizations and sectors:
Private sector - consisting of large, medium and small scaled enterprises.
Popular Career in Economics options:
You can work as:
Micro-economists: Emphasizing on small and medium scaled enterprises, you will research and analyze factors pertaining to maximize production and cutting back on costs.
Macroeconomists: Such individuals look at the bigger picture and conduct research and analyses of trends impacting the overall economy of any country.
Financial Economists: Similar to Macroeconomists, such candidates study the interest rates of currencies and banking systems of a country.
International Economists: Monitoring the overall financial and business scenarios of the world, you will be comparing market trends and general demand and supply of products across the globe.
Organizational or Industrial Economists: Such individuals can assess the pulse of any industry or organization through their strong analytical skills.
Demographic or Labor Economists: They observe the various trends impacting the labor force of any job market.
Public Finance Economists: They scrutinize the steps taken by the government concerning public welfare such as the budget, taxation etc.
Econometricians: These candidates have strong mathematical skills that are put to use in applying several economic models for predicting trends and occurrences in business.
Education for Career in Economics
In the last decade, there was an overall upward trend in the job market for anyone pursuing a Career in Economics. O*NET states that as of 2012, economists working in different capacities working across the country and having varying academic backgrounds had a median wage of $91,860. You can pursue the following degrees in order to work towards a Career in Economics:
Bachelor’s degree program in Economics
Master’s degree in Economics
PhD in Economics.
Q:To get into good careers in Economics, you need to have apt knowledge of course on Entrepreneurship. Can you please tell me of the areas of study?
A:For good careers in Economics you need to have ample understanding and comprehension of the course on Entrepreneurship. This course sparks the interest that is needed by the students if they wish to start a new endeavor by the introduction to the tools and processes that are required when launching a new product or a venture. Complete knowledge of entrepreneurship strategies is compulsory if you wish to get the top of the line jobs in the field of economics.
Q:Can you please tell me about the different BS financial economics jobs I can go for?
A:There are numerous BS financial economics jobs that you can choose. You can find jobs in diverse fields such as asset management, investment and commercial banking, management of financial institutions, financial engineering, corporate financial management, consulting, and private/equity venture capital. You can specialize in the field of your interest in order to advance in a finance related career.
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