Career Options after B.Sc Honours
More than 100 Career Options in Economics- You Need the Right Skills
Studying economics teaches you about social policy and financial markets, useful for careers in finance, accountancy and government administration. The employment of economists is projected to grow 5 percent from 2023 to 2033, about as fast as the average for all occupations, suggests the US Bureau of Labour Statistics. They observe that about 1,000 openings for economists are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labour force, such as to retire.
Globally, nine of the top ten jobs held by economics graduates in employment are related to business, finance and marketing. These include finance and investment analysts and advisers, chartered and certified accountants, management consultants and business analysts , actuaries, economists and statisticians, taxation experts, financial admin occupations, business sales executives, financial accounts managers and brokers.
Having said these, there are certain job options that are directly related to the undergraduate degree offered at VSEP. For example, Actuary. Chartered public finance accountant, Compliance officer, Data analyst, Economist, Financial manager, Financial risk analyst, Internal auditor, Investment analyst, Political risk analyst, Statistician, Stockbroker, Tax adviser and alike. Further, at VSEP there are options for minor in Health Economics and Data Analytics. While the rapid growth in employment opportunities in Data related sector needs no explanation, it is important to mention that post Covid 19, the growth and innovation in the health sector is rising. A recent data in a social media reports that as on date there are around 114 job options for Health Economists in India ( Refer: https://www.linkedin.com/jobs/health-economics-jobs/?currentJobId=4080256805&originalSubdomain=in). This is just the beginning.
There are even employment options where the undergraduate degree offered by VSEP would be helpful. For example, jobs like Business development manager, Civil Service – both at the state level and centre, Other Central and state government jobs, Local government officer, Management consultant, Policy officer, Politician’s assistant, Procurement manager, Quantity surveyor,
Risk manager, Analyst, Research Associate, etc.
However, what is binding is the skill shortage, or precisely the lack of appropriate skills within the workforce. According to the Economic Survey 2023-24, 65% of India’s fast-growing population is under the age of 35, and many lack the skills needed by a modern economy. It also stated that about 51.25% of the country’s youth is deemed employable, according to estimates. This is to say that about one in two graduates are not yet readily employable straight out of college. However, it must be noted that the percentage has improved from around 34% to 51.3% in the last decade.
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Therefore, the choice of course and right college (having faculties with proven track record) is of immense significance having an impact on students’ future careers, as well as their overall well-being and happiness, and ofcourse leading to a fulfilling career. The course, thus chosen, should align with students’ interests and career aspirations will increase their chances of finding a job that they enjoy and are good at. This can lead to greater job satisfaction, higher earnings, and a more fulfilling life overall.
India is set to dominate the global economic landscape, maintaining its status as the fastest-growing large economy for the next two fiscal years. The January 2025 edition of the World Bank’s Global Economic Prospects (GEP) report projects India’s economy to grow at a steady rate of 6.7% in both FY26 and FY27, significantly outpacing global and regional peers. At a time when global growth is expected to remain at 2.7 per cent in 2025-26, this remarkable performance underscores India’s resilience and its growing significance in shaping the world’s economic trajectory. Therefore, its high time for students, especially the non-engineering and non-medical cohort to reap the benefit.
Remember, opportunities are scarce so do not leave for tomorrow what you can do today !
