There is great potential for students with an advanced degree like a master’s or specialized certificate course in the current business milieu that is riddled with complexities. In addition, the COVID-19 pandemic has posed multiple challenges to businesses, which can be tackled by skilled, talented, and learned professionals. That’s why employers are recruiting candidates with advanced degrees in economics, commerce, science, and mathematics, among others.
As a result, more and more companies are preparing for opportunities to realize the current business environment. So naturally, that leads to more job opportunities for students with a master’s degree.
Introduction To MA In Economics
MA in Economics is an advanced course that brings an increase in opportunities. It is one of the most popular post-graduate courses that offers a competitive salary, among others. The advanced course equips students with deep knowledge and quantitative skills to perform various functions in organizations across different industries.
Moreover, the course trains aspirants with a different application of mathematical methods, using various software used in contemporary business practices, fundamental economic principles, and others. Therefore, being a popular course among students, a wide range of career opportunities knock on your door after completing an MA in Economics. In the succeeding part of the article, we will enlist some of the jobs you can take after completing your MA in Economics.
List Of Jobs After MA Economics
Here are some of the popular jobs to take after completing an MA in Economics:
Organizations today rely on data to make critical business decisions. Therefore, the role and demand for data analysts, data scientists, and data engineers are substantially increasing. While data scientist deals with unstructured and raw data, data analyst tackles structured and refined data.
Similarly, they both perform different functions in an organization. Here are some of the roles and responsibilities of a data analyst; check them out:
- Using statistical tools to interpret the data
- Designing and developing data systems and databases
- Preparing reports to communicate with the stakeholders
- Collaborating with scientists, engineers, designers, etc.,
- Mining data and reorganizing it
If the role of data analyst sounds like a good fit for you, here’s what you need to do next:
- After completing your MA in Economics, take a certificate course in data analytics and learn the fundamentals. These certification courses help build a strong base and attract quality work opportunities.
- Hone skills like data visualization, MS office basics, leadership skills, communication skills, etc., to introduce efficiency and effectiveness.
- Apply for jobs; meanwhile, prepare for the interview.
The field of economics is expected to see exponential growth in the coming years. As a result, it will lead to increased demand for skilled talents and experienced pioneers who can train the talents to become industry leaders. Therefore, a teaching job after completing an MA in Economics is a lucrative career option.
It is believed that there have been many graduates who have entered academia after completing their MA in Economics. So, you can also become a professor if you have a strong hold on economics- its fundamental concept, implication on society, implementation in business, and more. If the role of an Economics professor sounds like a good fit for you, taking an M. Phil, PhD or other doctorates will help build a prosperous future in the field.
A researcher is an individual skilled and trained to dig into existing information and draw new and deep insights. They are talented professionals who seek answers to- what, why, how, when, and others. In order to become a researcher, there are some qualities that an aspirant must have; here are they:
- Unbiased in research
These qualities help in inducing efficiency and effectiveness in the research process and mining out unexpected results. Therefore, MA in Economics can be your stepping stone to becoming a researcher. After completing the graduation programme, you can take up jobs like market research analyst, research assistant, research associate, and others.
Statisticians have played a vital role in research and academia for decades, and off-late, they have forayed into several business organizations. The main reason is the introduction and wide use of data science applications. In addition, statisticians have made inroads into boardrooms by providing their expertise in data-driven business decisions.
Simply put, statisticians are individuals who apply statistical methods and models to real-world problems. They gather and analyze data to draw meaningful insights into making business decisions. As a result, they are a valuable asset for companies relying on data for making significant business decisions.
Now that you are aware of who a statistician is, let’s look at the duties performed by them in an organization:
- Designing different processes and systems for data collection
- Assisting stakeholders in decision making
- Offering expertise and advise in organizational and business strategy
- Identifying new trends and their effect on data
- Collecting, interpreting, and analyzing data
Many graduate and undergraduate courses train you with appropriate skills and deep knowledge about various statistical models and others. Taking up these courses will help in attracting quality work opportunities.
An economist is one of the lucrative and popular jobs after completing an MA in Economics. They focus on understanding the demand and supply of goods and services in an economy using different qualitative and quantitative methods. Furthermore, economists apply different methods to analyze topics such as tax rates, international trade, economic development, transportation, etc.
They play a vital role in an organization and are one of the in-demand jobs. There are many specializations courses in MA Economics that helps aspirants make a career in diverse fields like science, commerce, mathematics, statistics, and others. Similarly, there are many certificates and other advanced courses that economics graduates undertake for prestigious jobs and competitive pay packages.
Emeritus India has some of the best certificate courses to pursue after graduation. We have partnered with various universities to develop these courses to help you gain a competitive advantage over others.