Why Pursue Masters in Economicsby Janvi T. Blogger
Why should one pursue a postgraduate degree in Economics? What are the prospects that an MA in Economics can bring?
These are some of the questions that not only haunt the minds of young graduates, but also people who are already pursuing an MA in Economics in Jaipur, or any other city for that matter. With the demand for technical jobs growing exponentially in the market, knowing the worth of one’s course is something everyone should indulge in.
That way, you will gain clarity as to what lies ahead in your field of education and also about the kinds of jobs you can expect to get once you have completed it. To better explain, here is a take on what pursuing a Masters in Economics will mean for you.
Masters in Economics and Job Prospects
A Masters in Economics will give you better insight into the many aspects of the subject and the real-world value it holds. As a part of your MA Economics in Jaipur, or wherever you study, you will come across subjects such as Macroeconomics, Microeconomics, International Economics, Currency systems, and so on.
Apart from laying the groundwork for a Ph. D in Economics, a masters’ course basically serves as a quasi-professional degree for students. By the end of your two-year course, you become thorough with the principle and theories that can aid you in your occupation later on.
Even though you will not be learning how to run a business while pursuing a Masters in Economics, you will definitely cover topics touching this area. MA in Economics, unlike an MBA, has a broader breadth of career options.
A postgraduate degree in economics is known for being versatile and for improving the student’s ability to work with numbers, large data sets, and variables. Among the most lucrative career options for students pursuing a MA in Economics are the following –
- Economist – The work of economists involves the collection and analysis of data related to a nation’s economy, involving employment, efficiency, wages, prices of various products and services, etc. Economists also plan out spends and guide policymakers regarding the impacts that the implementation of certain rules and policies can have on the economy.
- Financial Analyst – The work of financial analysts is to pay close attention to the trends prevalent in a particular industry, field of work, geographical region, etc. They also comprehend the effect that such trends (social, economic, or political) may have on investments. Employment opportunities for analysts, is growing in the market.
- Actuary – An actuary evaluates the expenses related to risks and uncertainties. They bring into use statistical, mathematical, and financial theories to analyse these kinds of risks and then aid businesses in minimizing them.
- Data Scientist – Data scientists are responsible for collecting, evaluating, and interpreting large amounts of data for recognizing ways to aid businesses in improving operations and gaining an edge over their competitors.
Apart from the above, you can always go on to pursue a Doctoral degree in economics and work in the education sector. There are ample job opportunities available for Economics postgraduates in both public and private institutions.
Created on Jul 10th 2018 07:49. Viewed 400 times.
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