Economics majors figure out how to assemble, sort out, and…
Economics is an exciting field of study and a challenging profession. Degree in Economics or Bachelor of Science (BS) or social science degree will start by introducing students to the core economics topics. It covers microeconomics and macroeconomics, calculus, quantitative skills, econometrics, etc. It leads your career options extremely wide open. You can end up working in a government job or private sector to research or academic. Though, skills are important than a master’s or a Ph.D. degree. If you want to go particularly in research, go for organizations where you can get in with a master’s degree. IIT’s have other programs, other than the famous B.Tech courses. One of such is a four years BS course. Some IITs have dual degree (BS+MS) programs.
IIT JAM (Joint Admission Test for M.Sc) is an exam conducted by IITs (Indian Institute of Technology), through which you can take admissions in a master’s program in economics. It is an exam for admission to top colleges. 20 IITs take JAM scores for admissions. Any bachelor student from physics, chemistry, social science, and mathematics background and any degree student with B.A, B.sc, B.com, B.E., B.Tech, or equivalent degree with 55% aggregate can apply. And with the JEE exam score, you can take admissions in B.Sc, M.Sc integrated program in IIT. For studying in the top college in India or abroad, it is indeed compulsory to have mathematics in class 12th in school. For eg- studying at the London School of Economics.
IITs have a good infrastructure, placements, and industry-related course curriculum. Colleges have facilities like good classrooms, Wi-Fi, library, labs, canteen, hostel, medical, sports, and so on. All the teachers are Ph.D. holders and are knowledgeable. The total student fee for the course varies from 9 lakhs to 10 lakhs. The average package was 13 LPA and, the highest was 36 LPA.
Aspirants need to be good with data because mostly they will be working on it. If you are working in a bank, you will be doing economics research for a bank. Your job will require looking at data across economies and, making projections as to the sorting of GDP growth rate for a particular economy. Or working on micro-level job profiles like markets and, you will be looking at stocks, currencies, and projects where they are going.
In terms of a corporate career, if you are not hired as an economist or become a CEO, then there are job roles in industries like investment banking, consultancy, marketing, etc. Different economist has different job roles. An agricultural economist can work in universities, research ICAR, in a private agricultural firm, in the government sector. Development economists work on national survey sample data, senses data, or any other surveys of programs. They tell how policies can be improved. If you do not want to study after under graduation degree in economics, then you can go for the job overall, it is an excellent career option. Anything outside natural sciences has job offers for you and, you can get opportunities in sectors like management consultancy, strategy consultancy, banking, journalism, law, etc. After completing M.Sc from IITs, Byju’s Unacademy, etc. also, hire students for subject expert roles. If you want to go for UPSC preparation with this branch, then it is also a good choice.
:By- Priya Panwar