Top Colleges For Economics Hons In Delhi

By Author: Indian School of Business & Finance
Total Articles: 65
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The subject of economics is a very broad one and holds a lot of significance and utility in our day-to-day life. Be it on the personal front or on a corporate level, economics is one subject sound knowledge of which always to your aid. No wonder there is such a huge demand for skilled economics graduates in the job market as well. In fact, the employment graph for economics grads is predicted to grow by 6% from 2021 to 2031.
 
Although there is a buffet of career choices after graduating in Economics, there are some careers that many Indian students prefer to pursue. So today, in this article below, we, at the Indian School of Business & Finance, ranked among the leading colleges for Economics Hons in Delhi, will shed light on five of the most common career choices that economics students in India make after completing their graduation. Let's get into it without any further ado.
Professional Economist: 
The main goal of a Professional Economist is to analyze the data to predict how the economy will ...
... grow in the future. They use their skills in mathematics and statistics to study how people should react to changes in prices and wages. They also look at other economic issues, such as unemployment and inflation, to pinpoint the best way to manage them. They study international trade and provide accurate forecasts to help businesses plan.
Financial Risk Analyst:
Financial risk analysts are the ones who are responsible for estimating the likelihood and potential impact of an economic event. They use their mathematics, finance, and statistics knowledge to forecast the future. Risk analysts are generally well-versed in quantitative fields such as mathematics, finance, and statistics.
Data Analyst: 
The job of a data analyst is to analyze and interpret the data collected by statisticians. They find out what information is in the data and how to use it to make better decisions. Banks highly covet data analysts. The reason is that the banking sector has been using data analytics for a long time so as to understand its customers better and offer them more personalized service. There are many different types of data analysts in the banking sector, ranging from those who work with financial transactions to those who work with customer behavior.
Financial Planner: 
Financial planners are responsible for providing guidance and advice to clients on their finances. They help their clients make sound decisions concerning their finances and plan for the future. Their job is not only limited to offering financial advice but also includes developing financial plans, managing investments, and providing retirement planning services. Financial planners work with a wide variety of clients from different backgrounds and levels of wealth. Some planners work with specific groups of people, such as young adults or retirees. Since they have a varied skillset, financial planners are highly sought-after in most finance-related industries such as Banking, Insurance, etc.
Equity Analyst: 
An Equity Analyst is a person who evaluates stocks, bonds, and other securities. They are also responsible for recommending investments and trading strategies to clients. There are two types of equity analysts: Sell-side analysts, who work for brokerage firms or banks and offer advice to potential investors on buying or selling stocks, and Buy-side analysts, who work in the investment management industry. They are often hired by financial institutions, investment banks, and other corporations to analyze a company's equity.
 
Listed above are the most common career choices amongst economics graduates. Some other popular choices include Financial Controller, Cost Accountant, Economic Researcher, and Actuary. Thus, we, at the Indian School of Business & Finance, one of the best colleges for Economics Hons in Delhi, would like to suggest you to do your bit of research beforehand and make a wise career choice that suits your inclinations and interests.
A Bright Future Ahead for Economics Grads
If economics is what you are willing to pursue your graduation in, let us tell you that you have many reasons to be optimistic about your future. The primary and most important is that since the Indian economy is growing at a robust rate, this will lead to an increased demand for finance-related jobs requiring expertise in economics and finance. The earning potential is also pretty lucrative in the domain, with salary packages ranging from INR 20,000 to INR 100,000 (or more) in the current job market. No wonder why many students gravitate toward this field.
 
Hopefully, this article from the Indian School of Business & Finance, positioned among the top colleges for Economics Hons in Delhi, has been enlightening and has been able to encourage you to take up Economics as a subject. Some of the country's greatest minds, from past and present generations, have been students of Economics and have made significant contributions to the betterment of our nation. We are sure you'll consider this and try to achieve the same.

Hey! Myself Tanya! I work as a marketing strategist. I have been working as a content writer for various educational institutions.