A Guide on Career Opportunities After MA Economics Programme

 

Online MA in Economics program has become the most preferred degree for students who prefer to learn about the country's economy and related sectors, such as banks, insurance, markets, etc. With a postgraduate degree in economics, students can also opt for a higher degree, such as Ph.D. in Economics. 

This is not only a good career choice but also comes with many benefits in general life. There are dignified and UGC-approved universities that offer MA economics in India with huge career opportunities. A well-reputed university will offer placements for postgraduates in relevant sectors. 

Career Scopes and Opportunities After M.A. in Economics 

Students will get vast scope and career opportunities after completing their MA in economics in India. The scopes are not limited and beyond your imagination. The job roles will be available with a good package. Moreover, economics has proven an excellent career option for students who love understanding the markets and the country's economic functions. 

The degree is not simple; it covers higher-level mathematical and statistical calculations and analytical skills. It will also teach you the economic principles and concepts of the world along with the challenges. Also, the master's in economics will prepare the student for reputed job profiles involving market research, business planning, financial management, resource allocation, and budgeting. 

Below is the list of career opportunities for students in different sectors after completing an online MA in economics. 

Banking, Financial Services, and Insurance 

The graduates, after completion of their master's degree in economics, are fit for the banking and financial sectors. They are best in the position of branch managers of the bank, clerks, development officers, economic advisers, etc., in the public and private sectors. In reputed universities, placements for foreign banks are also brought for the students. For the banking sector jobs, students in addition need to write an entrance exam like IBPS. However, a postgraduate economic candidate will be on the highly preferred list. The lucky students can also get opportunities to work for international organizations. 

Education Sector 

There are a lot of career options for economic graduates in the education sector. You can enter the academic field as a lecturer. You will be privileged to teach students the fundamental concepts and principles of Economics. As per your professional knowledge, you will also teach them to apply economics tactics in their daily activities. You can prepare the students to understand foundational knowledge. However, to enter the academic field, you must also complete a B.Ed degree. 

But, if you want to start directly as a university professor, you can continue your studies after your master's degree and pursue an M.Phil or PhD in Economics.

 

Entrepreneurship 

Do you know that an economics degree can be helpful for your business journey? Before you start a start-up, you must have a strong knowledge of market economics. In MA economics, there are excellent subjects such as Microeconomics, Economic Development and Policy in India, Introductory Mathematical Economics, Macroeconomic Theory, Introductory Econometrics and Markets, Institutions, and Economic Growth. 

Hence, the graduate will have in-depth knowledge of Economic concepts, market situations, and challenges. This will let you understand the current market trends and determine where you can be profitable. This is why an economics career is a commendable choice for students planning to become entrepreneurs. You can successfully start your business venture and apply their Economics strategies and expertise to earn profit. 

Research Field 

The online MA Economics graduates can go for Economics research. The work involves a wide variety of responsibilities doing deep market research to gather data, figuring out ruling trends, studying statistical data and future possibilities, etc. You will get a chance to solve problems professionally by analyzing data and working on economic issues. 

In the research field, it's all about proving; you must prepare detailed reports and highlight your findings. The candidates will also check out the socioeconomic impact on public policies like regulations, taxes, etc. When you opt for a future higher degree like a Ph.D. in economics, you will get a better scope of research. 

Data Analysis and Actuarial Science 

This field focuses on finding, measuring and handling risk factors and uncertainties that affect growing businesses and organizations. The graduates of MA economics in India will be given the job role of managing these activities in big business institutions. With great economic knowledge, you can predict and manage risks with diverse skills and strategies. This responsibility includes liability management, asset management, data analytics, mathematical and probability calculation, and valuation. As an Economics graduate can well manage these responsibilities, they are perfect to step ahead in their career in this field. 

With wide career opportunities and scopes, MA economics in India is the in-demand discipline in the Arts stream. A student with online learning can achieve milestones with this master's degree. Moreover, it is suggested to get admission into a UGC-recognised university in India that is approved to offer an MA in economics programme online.