Little help is appreciated

Ask her to clear post gradiation course in same field & than vast scope in banking sector, as they recruit under specialised officer category at h.o. Or at high profile branch. So don't worry, just ask her to complete her post graduation. Meanwhile after completing graduation ask her to get the knowledge of banking industry by taking experience.

Hi Sheli,

Economics, especially the field of macro economics is starting to gain significance in India.  A lot of the banking, financial services, equity research companies these days tend to have their own group of economists.  They are typically involved in reviewing economic policies, its impact on economic growth and charting out the direction of the economy....primarily for the benefit of investors in the Indian market.  A lot of the domestic and international financial institutions, investments banks, investment companies, mutual funds, consulting firms, etc., hire economists these days, at well paying positions.

 

Micro economists can often find roles in companies that have a corporate strategy group, or corporate strategy consulting companies, including certain advertising agencies.  

 

Nevertheless, there are plenty of opportunities for economists, both in India and outside.  It would help to do some further research on whether she would like to specialize in micro economics or macro economics.  Some work experience, followed by a Masters in Economics or PhD or even an MBA are possible options.

 

All the best,

AlphaVeda.com

 

 

Thanks AlphaVeda and Sumit; that helped a lot.

 

She is more interested in working in Govt. sector.

I would further like to ask, what will be her career options in Govt. sector if she goes for Post Graduation given that she likes Macro more.

 

Thanks

 

Sheli

 

Hi Sheli,

 

Unfortunately, we don't have much of a perspective on government opportunities.  There certainly are opportunities, and macro economics does lend itself well to a role within the government.   Reserve Bank of India is a good avenue.  D Subbarao, the current governor of the RBI is an economist.  The Department of Economic Affairs, the Planning Commission, Ministry of Finance, etc., are also opportunities.   

 

In many of the above cases, there may be a need to take the IAS or Civil Service Exams.  So, for a role in the government, it may not necessarily end with a post graduation.  Montek Singh Alhuwalia, chairman of the Planning Commission is an economist, and one of those rare situations of not being a member of the Indian Civil Service.

 

While there are plenty of opportunites in similar government organisations, both at the central and state level, it would help do more research on the entry points for these roles.  

 

All the best,

AlphaVeda.com

(Please check back for a newly improved site in a few weeks)

Eco Hons. have good scope in govt sector...RBI, Banks, PSU's do recruite economists though may not be in large numbers but ur sis will need only one vacancy...

Besides civil services, UPSC generally comes out with various vacancies for economic graduates and PG's mostly in teaching field ...hence If she goes for PG then do advise her to clear UGC test...