Before studying the subject, you should know what is the role of an economist? What are his duties and responsibilities as an economist? If you want to become an economist, you have to study supply and demand of resources and goods, as well as the evaluation of economic interests. The role of the economist can also be found and observed at the political level. The economist also plays a crucial role in understanding and harnessing the power of the economy. As an economist, you should always focus on increasing and concentrating the economic part of the country.

Every year many vacancies for economists are published. Once you complete the course, you have many options. You can choose the right one. It would not be wrong to say that the economic situation of the country depends mainly on economists. If you have a clear vision and concept for the topic, you can execute everything efficiently. They can show your country the right way to conquer and strengthen its economic position. It is the economy that largely depends on the population of the country. As an Indian citizen, you should always focus on the welfare of the country’s economy. They should try to revive the economy of the country and put it in a good position.

The right to become an economist

To become an economist, you must have a specific academic qualification. The following rules will enable you to know the conditions.

  • You must have passed the 10+2 exam from a recognized school and institution. It’s mandatory. Shortly after completing this level, you will need to obtain a degree in economics from a reputable university. It doesn’t matter if you go to a good university. This is a three-year course.
  • If you want, you can also pursue a master’s degree in economics. This is a two-year course. To become an economist, you have to be between 21 and 30 years old.
  • You must pass an entrance exam or take a test administered by the organization. If you qualify, you may be selected for the position.

Skills required to become an economist

Apart from this, you must have some special skills that are indispensable for this profession. You must have these skills.

  • You must have excellent communication skills. However, it is good if you can speak and write fluent English. This makes it easier to get along with people.
  • This position requires you to have good numerical and analytical skills.
  • You have to have a solid overall culture. This is very necessary for the work. Stay tuned and keep up to date with the latest developments.
  • It would help if you were passionate about being an economist. This zeal will help you achieve your goal.
  • You have to have a positive attitude. You must have a solution for every problem. Try to be positive and this will solve half of your problems in your professional life.

Different categories of economists

You can choose between different types of economist jobs. Here are a few of them.

  • The job of a research economist is to develop various mathematical models and explain cycles, including demand, supply chain and other important elements. You will need to apply mathematics and statistics as well as the principles of economics.
  • The task of the industrial economist is to study the organizational structure of the enterprise and to apply the principles of profit improvement. As an economist, you should always keep the goal of increasing income in mind and focus on that.
  • As a financial economist, you will be responsible for setting monetary policy and forecasting the future economic performance of the country. This is an important task for you to accomplish. It will include different types of banking institutions and other financial sites.
  • As a business administrator, your job is to work as a business administrator. You need to set a company policy. They may be required to regulate various areas of international trade policy. It will be an integral part of your work.
  • If you want to work as an economist, you have to deal with the supply of workers and the demand for them by employers. You should thoroughly examine your employees’ pay policies. Improvements in the industry are mainly based on workers’ wages. Sometimes it is necessary to publish a guide on employee welfare. This will also be part of your job.

So, as an economist, you have many options. You can choose the right one.

Steps to becoming an economist

To become a successful economist, you have to choose and follow certain steps.

  • The most important thing in this case is that you pass the course. After high school, you should get a degree in economics. The Economics programme consists of two parts. One is a Bachelor of Arts in Economics and the other is a Bachelor of Science in Economics. You must have and obtain the basics of the course by this basic level.
  • When you graduate, you have to do an internship. This is a must for the course. This internship program allows you to gain significant experience. Relevant internship experience is highly desirable. There are many such institutions that offer internship programs. You can take advantage of the opportunity to do an internship at these places.
  • To become a budding economist, it’s a good idea to do a master’s degree. This broadens your chances of becoming an economist. You can also expand your expertise by taking a master’s degree. This course can make a big difference in your professional life.
  • After earning a master’s degree in economics, you may have the opportunity to work or serve in numerous financial institutions. You can also work in banks. You can become a financial expert at various multinational companies. In addition, many government agencies are also looking for reputable economists.
  • If you want to make a better career as a trade student, you can also opt for graduate studies. This course is designed for children aged 4-7 years. You can get a huge range out of this degree. By the time you have completed this course, you will have a lot of experience in this field. You can do good research in a relevant field. That’s great.
  • Otherwise, it is possible to work for professional agencies. In these organizations, there are several conferences, meetings on the professional career of an economist.

Economists’ vacancies:

You will have a wide range of opportunities in the field of economics. This is the kind of course that can help you in different areas.

As an economist, you can work at various financial institutions. The banking sector is perhaps the most suitable place to work. You can use your skills and knowledge in this area. You can also gain a lot of experience in banking. It’s the kind of place that never goes bad. You will always need banking services. You can also get excellent jobs in the private and public sectors.

If you are considering becoming an industrial economist or a financial economist, you have many options. The Indian government recruits economists from various places such as the Reserve Bank of India, the Indian Economic Service and many others. If you want to prove yourself, this could be the place for you.

Another very prestigious job in this field is that of SAI. You have probably seen that many companies are looking for excellent economists.  However, you can still work as a freelancer in the financial sector. This gives you a chance to work independently and earn a good amount of money.

Still, you have great opportunities in the economics profession. However, you must be suitable for the job. You can only do that if you get the right degree in the right place.

Top Indian Institutes of Economics

There are several colleges in India that offer this course to students. If you have the chance, you should try to get into universities like this. This will allow you to study and get a quality education from the best faculties. Here are some of the best universities.

  • Stevens College, New Delhi
  • Loyola College, Chennai
  • President’s College, Kolkata
  • Lady Sri Ram College for Women, New Delhi.
  • Delhi School of Economics, New Delhi
  • Xavier College, Mumbai
  • Institute of Commerce and Economics R, Mumbai

Conclusion:

The path to becoming an economist is not an easy one. It takes dedication and hard work. If you really want to become an economist, start preparing at the end of the 10+2 course. Your love for the subject will lead you to the right place. You need to make your dreams come true, because this subject offers great prospects.

frequently asked questions

What are the required qualifications to become an economist?

ucas, discover jobs, job profile.

Is it difficult to become an economist?

The articles are as…

Is this a good job for an economist?

Article specialists

Feedback,salary of an economist in indiahow to become an economist in australiahow to become an economist in canadaeconomist jobs in indiaeconomist salaryhow to become economist after 12th,People also search for,Privacy settings,How Search works,salary of an economist in india,how to become an economist in australia,economist jobs in india,how to become economist after 12th,how to become an economist without a degree,economist salary,how to become an economist in canada,high school subjects needed to become an economist

You May Also Like

How To Become A Radiologist In India

Have you ever heard of an MRI or seen an x-ray? These…

How to Become a Chartered Engineer in India?

A Chartered Engineer is a Licensed Engineer who has completed a course…

B.Sc Nutrition Course: Details, Eligibility, Fees, Syllabus, Duration, Colleges, Career, Salary

There was a time when almost no candidates chose to study nutrition.…

How To Become A News Anchor In India?

Being a news anchor seems like the most exciting job with lots…