Measures of Central Tendency: Mean, Median and Mode
Scope of studying economics
1. Scope of Studying Economics- an Option for Broad
Career Prospects
Summary
• A degree in economics offers students diverse career options across multiple fields covering everything from retail
and agriculture to business and banking. After completing a degree (bachelor’s/master’s/or doctoral) in Economics,
students may get an array of options in securing internship programs as well as different job roles such as,
economics researcher, financial or investment analyst, economic consultant, auditor, financial manager, and many
more.
• A degree (bachelor’s/master’s/or doctoral) in economics offers students diverse career options across multiple
fields covering everything from retail and agriculture to business and banking. Students may get an array of options
in securing internship program as well as different job roles such as, economics researcher, financial or investment
analyst, economic consultant, auditor, financial manager, financial advisor, data analyst, accountant, actuary, public
sector roles.
• Professional economists can work in public and private banks, MNCs, insurance companies, accountancy firms,
government bodies, financial consultancies, and many other organizations. In the area of accounting, their main
roles are monitoring the financial situation of organizations, businesses, or individual.
2. • Economics is a popular subject choice for generations of students as it offers
diverse career options covering everything from retail and agriculture to
business and banking. Depending on students’ area of interest, a degree in
economics helps them foster specialized analytical skills. Thus it enables them
to enter and achieve success across multiple industries as an expert in
economics.
• An economics degree boosts chances of employability in different areas,
regardless of the sectors one works in. This is refelected in the ever-growing
demand for pursuing bachelor’s or master’s degree by both national and
international students as well as strong demand for economics graduates
throughout the global labour market.
4. An economics degree boosts chances of employability in different
areas, regardless of the tors one works in. This is reflected in the ever-
growing demand for pursuing bachelor’s or master’s degree by both
national and international students as well as strong demand for
economics graduates throughout the global labour market.
Wide Career Prospects in Economics
After completing a degree (bachelor’s/master’s/or doctoral) in
Economics, students will get a whole range of career choices open for
them. Even students pursuing second or final year of an economics
degree, may get an array of options in securing internship programmes
as well as different job roles, such as
6. Here are some other common career prospects in economics-
• Professional Economists: Persons, having completed either masters or doctoral degrees work as professional economists. They are
generally involved in research and analysis of economic data, statistics, and trends. They confidently handle economic forecasts, reports,
strategies, policy, presentations for clients, companies, financial organisations, and public bodies. Professional economists can work in
public and private banks, MNCs, insurance companies, accountancy firms, government bodies, financial consultancies, and many other
organisations.
• Career in Public Sectors: Career as economists in public sectors such as, various government firms, banking services, and such are prolific.
They are involved in various economic related activities like public taxation, commercial and waste services, economic policy and
regulations setup, budget making, and so on.
• Career in Private Sectors: The demand for economics degree holders in private sectors is huge. Starting from small and medium enterprises
to every big business organisation, economics experts have different positions to hold there. Updated industry information and awareness
of corporate finance are essential to know.
• Career in Accountancy: In the area of accounting, ecomomics graduates, masters, or doctors have numerous scopes across multiple
industries. Their main roles are monitoring the financial situation of organisations, businesses, or indivudal. The major works in
accountancy involve recording, classifying, analysing, and reporting of financial data. This requires strong analytical expertise, mathematical
proficiency, computational skill, understaning of company finances, and ability to contextualize the data.
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7. Key Points
• 1.A degree (bachelor’s/master’s/or doctoral) in economics offers students diverse career options across multiple
fields.
• 2.Students may get an array of options in securing diverse job roles such as, economics researcher, financial or
investment analyst, economic consultant, auditor, financial manager, financial advisor, data analyst, accountant,
actuary, public sector roles.
• 3.Professional economists can work in public and private banks, MNCs, insurance companies, accountancy firms,
government bodies, financial consultancies, and many other organizations.
• 4.Economists working in government organizations provide their services in public taxation, economic policy and
regulations setup, commercial and waste activities, budget making, and so on.
• 5.Starting from small and medium enterprises to every big business organization, economics experts have different
positions to hold.
• 6.In the area of accounting, their main roles are monitoring the financial situation of organizations, businesses, or
individual.