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BA Economics Graduate Seeking High-Paying Career: Which Path to Choose?

Nayagam P

Nayagam P P  |3916 Answers  |Ask -

Career Counsellor - Answered on Sep 27, 2024

Nayagam is a certified career counsellor and the founder of EduJob360.
He started his career as an HR professional and has over 10 years of experience in tutoring and mentoring students from Classes 8 to 12, helping them choose the right stream, course and college/university.
He also counsels students on how to prepare for entrance exams for getting admission into reputed universities /colleges for their graduate/postgraduate courses.
He has guided both fresh graduates and experienced professionals on how to write a resume, how to prepare for job interviews and how to negotiate their salary when joining a new job.
Nayagam has published an eBook, Professional Resume Writing Without Googling.
He has a postgraduate degree in human resources from Bhartiya Vidya Bhavan, Delhi, a postgraduate diploma in labour law from Madras University, a postgraduate diploma in school counselling from Symbiosis, Pune, and a certification in child psychology from Counsel India.
He has also completed his master’s degree in career counselling from ICCC-Mindler and Counsel, India.
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Asked by Anonymous - Jun 25, 2024Hindi
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I just graduated BA Economics what should i do next if i want a high paying job

Ans: Options for you: (1) MA Economics with any one of the reputed Universities/Colleges such as Delhi School of Economics, JNU-Delhi, Madras School of Economics, Chennai, University of Hyderabad, Indian Statistical Institute, Ashoka University, Symbiosis School of Economics or MBA with IIM, XLRI, SPJIMR-Mumbai, ISB-Hyderabad, Masters in Business/Finance Analytics with JBIMS or NMIMS, Great Lakes of Chennai/Gurgaon, IIM/ISB or LLB or CFA or Actuarial Science. Check these options and their respective websites for Admission Process & Placement Statistics of last 3-years and choose the most suitable one for you. All the BEST for Your Prosperous Future.

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Abhishek

Abhishek Shah  | Answer  |Ask -

HR Expert - Answered on Jul 24, 2023

Asked by Anonymous - Jun 28, 2023Hindi
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I've graduated in economics and would like to study majorly in macroeconomics and even find jobs in it. Could you guide me on the career options for this
Ans: Hello,

Congratulations on graduating in economics and showing a keen interest in macroeconomics. Macroeconomic analysis is a crucial field that focuses on studying the overall performance and behavior of an economy, including factors like growth, inflation, unemployment, and monetary policy. It has significant applications in various sectors, and there are several career options you can explore:

Economist: As an economist, you can work in both the public and private sectors. In the public sector, you might find opportunities in government agencies, central banks, or international organizations like the International Monetary Fund (IMF) or the World Bank. In the private sector, economists are often hired by financial institutions, consulting firms, or research organizations to provide economic insights and forecasts.

Research Analyst: Many think tanks, economic research institutes, and academic institutions employ research analysts to conduct studies and analyze economic data. Your role would involve understanding macroeconomic trends, writing reports, and providing policy recommendations.

Financial Analyst: In the finance industry, macroeconomics plays a significant role in investment decisions. Financial analysts assess economic indicators and trends to guide investment strategies for clients or their companies.

Policy Advisor: Governments and international organizations often seek macroeconomic experts to advise on economic policies. As a policy advisor, you would be involved in formulating and implementing strategies to address economic challenges and promote growth.

Academic Researcher/Professor: If you have a passion for academia, you could pursue a Ph.D. in economics and become an academic researcher or professor. This path allows you to contribute to the field's knowledge by conducting original research and teaching students.

Market Research Analyst: Some companies employ macroeconomists as market research analysts. Your role would involve analyzing economic trends to help the company understand market conditions and make informed business decisions.

Data Analyst/Quantitative Analyst: With your economics background, you could also transition into roles that involve data analysis and quantitative modeling. Many industries, including finance, technology, and healthcare, value professionals who can analyze and interpret data to inform decision-making.

To maximize your chances of landing a job in macroeconomics, consider building a strong network in the field, staying up-to-date with current economic developments, and honing your analytical and quantitative skills. Additionally, publishing research papers or articles in reputable economic journals can boost your credibility and visibility as an expert in macroeconomics.

Remember that the job market may vary depending on your location and the demand for economists in your country or region. However, with the right skills and determination, there are plenty of opportunities to make a meaningful impact in the field of macroeconomics. Good luck with your career endeavors!

Regards,
Abhishek Shah

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