Build an exciting career in economics with globally marketable courses from top-ranked universities.
Economics, in simple terms, can be defined as a social science stream concerned with the process or system by which goods and services are produced, sold, and bought. Although it is so wide that a single line of definition wouldn’t be enough to tell you the depth that economics courses take you through.
- Learn what is buyer’s market, taxation, foreign trade, price controls, unemployment and inflation, supply and demand, monetary policy.
- Acquire in-depth knowledge in several areas of economics, as well as a broad perspective on the subject.
- Economic courses produce highly reputed professions and hence are intensively taught in multiple countries of the world.
- Master the skills and topics like exchange rates, interest rates and skills like mathematical aptitude, understanding of complex systems.
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Top Marketable Careers for Economics Graduates
A good diploma in economics or a business economics course from a reputed university paves your entrance into the world of economy with much ease with good job placements. Although, it’s up to you how you mold your professional life and in which way. Some of the job roles that deem fit to a person with a degree in economics are:
Credit Analyst
The role of a credit analyst is to evaluate client credit scores by emanating specific information like earnings history, credit payment history, assets and liabilities to determine their suitability for credit terms. If a company hires a credit analyst, his job will be to check the credit risk of a potential customer of the company. Based on the calculations done by the credit analyst the company will decide on whether or not to provide credit terms to a customer.
Other jobs of a credit analyst is to help the client have better credit planning and reviewing the credit limits of existing clients to verify qualification for an increase in their credit limit. The average salary of a credit analyst is $55K per year.
Financial Services Sales Agent
As complex as the job profile sounds, the job profile is to act as a middleman between buyers and sellers in the financial marketplace. They are often categorised as financial brokers and financial bankers. From buying and selling stocks for their client to provide financial advice and track investments, all tasks are on the table.
As more people start to invest and be aware of financial planning, careers as securities, commodities, and financial services sales agents can be very lucrative and in demand. The average salary of a Securities, Commodities, and Financial Services Sales Agent is $65K per year.
Personal finance advisor
Personal finance advisor or a personal financial consultant is an ever growing job and many economics degree holders choose this as a profession at least once in their work life. They are experts of finances who provide customised services to individuals in order to help them make a financial decision. From taxes and mortgages to stock funds and retirement planning, a financial advisor has core knowledge about all aspects of his client’s finance.
Although a bachelor of economics or a BA economics can help you land the role, it is often advised to have a master economics degree to get better job prospects. Personal finance advisor can work freelancing to multiple individual clients or can work as a professional in an investment firm and handle clients of the firm. The average salary of a personal finance advisor is $87K per year.
Operations Research Analyst
This job profile is trending in this decade as industries start to realise financial issues and corporate faults. The task depends on which industry you work for or what the situation is, but the crux of the role is to understand the operations of the firm, find missing loopholes and faults and provide the firm a plan to fix it.
The role is like a fire fighter job and industries often need an operations research analyst to give their shattered finance structure a meaning, hence the pay is higher than peer profiles. So is the competition. The average salary of an operations research analyst is $87K per year.
Policy analyst
Policy analysts are responsible for studying national economic trends as it pertains to corporations and government bodies. They gather data from a variety of sources to forecast economic trends and outcomes. The average salary is $66K per year.
Actuary
A large number of actuaries are hired by insurance companies as they perform statistical and mathematical analysis to define the financial outcomes of a certain risk. It can be a natural disaster or an over-turn in the election of the country or a change in CEO of an enterprise. There are different types of actuaries, based on the departments they work in from health insurance to corporate risks.
Actuaries work with public or private organizations to do risk analyses and financial forecasting. The job is very demanding as the finance sector continues to be influenced by its environment and the sudden changes that take place. The average salary of an actuary is $111K per year.
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Check out the list of most popular questions around economics programs
What is Economics?
Literally speaking, economics is the social science that studies the production, finance, distribution, and consumption of goods and services, using them effectively even if they are scarce. An economics course focuses on practical and theoretical science of the production and distribution of wealth.
What are the subjects needed to study Economics?
Math, English and one of Physics, Biology or Chemistry subjects are often needed for getting into an economics course in many universities. If you want an edge over your peers who are applying to the same course as you, having economics and statistics is one way to go. History can be an advantage if you’re choosing a BA economics course.
If you are applying for Bsc Economics, business studies and accounting statistics are useful. Although, for undergraduate study, you might can apply with an overall high average. For masters, a student with high knowledge in maths and experience in the feild is always preferred.
However, this depends on the specific university and course you would like to apply for, which Craydel expert admission counsellors can guide you through.
How many years do you study for an Economics degree?
- BA/Bsc in Economics: 2-3 years
- MSc Finance/ Marketing: 1 year
What are the best courses for Economics?
Bsc in Economics is often focused on the technical and mathematical aspects of economics. If you are looking for a role of personal finance advisor, actuary or other finance related jobs which require statistical analysis on a daily basis, a Bsc would be a good choice.
BA courses focus on economic theories, histories, sociological and psychological aspects of economics, suitable for job profiles like economists and policy analysts.
Master courses are mostly focused on a certain specialization like marketing and finance.
You want to choose a course that builds on your past education and fits your career plans. Request a call from experts at Craydel if you’re confused while choosing a course.
What are the different careers in Economics?
If you are looking for field jobs where you get to explore more, Securities, Commodities, Financial Services Sales Agent, Credit Analyst, Business Journalist and Personal Finance Advisor are high paid careers you could be looking at.
Becoming a finance manager, research analyst and going into actuary are not particularly desk jobs, but you will spend most of your time inside your office analysing and managing the financials for your company.
For an indepth look into some of the most popular specialisations, check out our “Top Marketable Careers for Economics Graduates” section above.
How can Craydel help me find the best Economics courses?
The world of economics is just growing bigger and wilder and it’s needless to say that there are opportunities for a person having B.A Economics or M.A Economics degree. Craydel aims to provide students and experienced professionals a full guide to pursue a career in economics with a variety of economics courses helping them get a graduate diploma in economics and excel in the career of their choice.
Apart from providing online economics courses as well as in-campus degrees in economics from the best universities in Europe, USA and Africa, our experts guide you by:
- providing clarity about your goals and how to achieve them
- broadening your perspective regarding your career plan and help you choosing between various online economics degree and universities providing best education in the area of your interest
- suggesting a suitable course and country for study, that is in sync with your budget