MA Economics career options: Jobs opportunities and Salary
MA economics full form is Master of Arts in Economics. It is a 2-year course/4-semester postgraduate programme which is a blend of all the aspects of economics in society for example finances, econometry, wealth generation, accounting etc.
Pursuing MA in economics has been the 1st choice of arts graduates. The first reason for this is, It studies the deep insight knowledge of economics such as Microeconomics, Macroeconomics, methods of Economics, Econometrics, Markets strategies etc. The second reason is there are numerous jobs for economics post-graduate in India waiting for the right individual in the marketplace through various industries.
MA economics career after graduation offers you two paths either you can go for higher studies like pursuing a career in PhD in economics or work in a professional job world. Read this blog to know more about ma economics career options in india in a nutshell with all detail about various scopes with how much you can bag from those career options.
MA Economics Job Opportunities
MA in economics career is very competitive in India that demands strong analytical, statistical and mathematical skills, so it is a field for those who are curious about the economy including how it functions and its impacts on the global scenario. This career field needs a profound knowledge of supply, exchange rates, demand, taxation, inflation, interest rates, policy trade, international trade etc along with excellent numerical, analytical and problem-solving skills.
Employment areas after MA in Economics
There are various industries, sectors and areas where ma economics post-graduates make a successful career:
- Trading Companies
- Education Industry
- Stock Market
- Central Banks
- Consultancy firms
- Department of Economic Affairs
- BFSI
- Research Centers
- Actuaries
- Project Management
- IT Firms
Also Read:Â Why to pursue M.A. Applied Psychology
Top 5 best Job Profile after MA in Economics
These are the best job profiles for which for can apply after completing your ma in economics.
- Stock Broker
A stock broker can work for various agencies and firms from India as well as from overseas. These are professional who has the license to buy and sell stocks and exchange other securities on the behalf of investors or corporations.
- Trade Analyst
They are hired by agencies, investors or corporations to typically analyse the stock market activity and provide trade solutions in simple words they provide strategies to clients by analysing the stock market activities. They also are responsible for supporting the accounting, financial and sales team.
- Financial AnalystÂ
They are the ones who make investment decisions by gathering and analysing financial data for their clients which can be corporate companies, insurance companies securities firms mutual funds, private or govt banks and pension funds. We can also say they assist clients to endorse the business and industry from a financial perspective.
- Marketing Manager
They make a marketing agenda after that organise and manage marketing campaigns for promotions of products among the consumers for raising demand and supply. Several roles are performed by a marketing manager like supervising marketing campaigns, making good budgets, assisting marketing teams and finding new opportunities for expanding business.
- Research Analyst
They are experts in gathering and analyzing data to improve productivity, profitability and savings for companies/organizations. They need the convincing communication ability which is beneficial when presenting data for making decisions for marketing.
Read:Â What Should You Do after completing BA in Political Sci. (honours)
Entrepreneurship After MA in Economics
One of the major benefits of an MA in Economics is that it gives you all the essential knowledge and skills to open your own business venture. For example, it teaches you about topics like how to analyze the market in order to find growth opportunities to make a profit out of it. Simultaneously how to keep up with the changing market trends and various concepts&principles of economics.
MA Economics Jobs salary in india
If we take about how much an individual can bag after graduating from ma in economics it depends on the sector and job profile they choose in accordance with the skills and knowledge they possess. This graph shows MA economics salary in India in various job profiles.
Source for the graph:Â Glassdoor
Frequently Answered Questions
Q1. Can I apply for govt jobs after m.a in economics?
Ans. Yes, you can apply for vacancies in the government organisations like the Reserve Bank of India (RBI), Department of economic affairs, Indian Railways and Union Public Service Commission (UPSC).
Q2. What we can do in the education sector after ma in economics?
Ans. As an M.A. in Economics graduate, you can enter into academia as a school teacher or after pursuing a PhD in Economics you can start your career as a Lecturer or Assistant Professor in colleges/universities.
Q3. Are there jobs in rbi after ma economics?
Ans. There are many ma economics job opportunities that come under Grade B in the Reserve Bank of India (RBI) that can be grabbed by post-graduates of ma economics.
Q4. Career options after Master in economics in india?
Ans. After holding a degree of master in economics in India you can find jobs in these profiles Financial Analyst, Stock Broker, Associate Researcher, Economy Analyst, Teacher, Senior Business Analyst, Senior Economist, Trade Analyst, Marketing Manager and Branch Retail Manager.
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