The much refined character played by Hritik Roshan in the much applauded ‘Zindagi Na Milegi Dobara’ arouses the need to know his qualification, eh? He plays a broker, a much captured job in movies these days. Whacked up your heads yet? Here’s a clue, you could start by studying Economics. Economics is a much welcomed and cherished profession in today’s Monetary-assets-capital- leading to capitalism world. If social sciences bring out the philosophical and truth-seeking side of you, then you are on the right path. If you think Economics is all about money then you are in the wrong direction all-together. Economics is about Planning of the country’s resources, Control of these plans implementation in the right manner, measurement of assets from the foreign nationals leading to unwavering economic balance of the country.
If you have an intensifying bright young mind wanting to bring about a change, but don’t know where to start and waiting desperately for guidance on India’s policies, poverty issues, worried about longevity of deceptive food security bills, politicians’ petty issues, then X marks the spot here guys!
All the way from sciences, politics, history and mathematics is this good old field becoming your saviour. You get to diversify your interests in different categories like Developmental Economics, Behavioural Economics, Business Economics, Public Economics, Mathematical Economics and Econometrics. While graduating in Economics, your basic subjects will be Micro-Economics (which deals with studying of production in small units, like production in a firm), Macro-Economics (which deals with studying of economy on a whole) and General Economics (Banking and Finance) .So after your basic graduation is done, you are welcomed to a fiscal world of interesting fields and diverse education. Depending on your interests, you can identify yourselves (in the field of economics as):
-Research Analysts: Traditionally, analysts use fundamental analysis principles but technical chart analysis and tactical evaluation of the market environment are also routine. Often at the end of the assessment of analyzed securities, an analyst would provide a rating recommending an investment action, e.g. to buy, sell, or hold the security. Apart from this, you can also study charted accountancy along with your graduation and apply the knowledge of it your analysis boosting your resume as well as skills.
The government offers pretty much coveted aspects of economics jobs’, if you are a graduate and a post graduate in economics, keeping any of the technical subjects, you can apply for the Indian Economics Services (IES), while cracking these exams, one should keep in mind the thorough reading of the specialized subject and also, should be able to read, communicate and advance in any of the Indian languages since one paper has to be answered in that language. You could also apply for Indian Statistical Services if one of your subjects in graduation is applied statistics and your second or first subject in post graduation is Statistics. The job placements are respected and a drop in the bucket, if your dream job is to work in Bombay Stock Exchange or National Stock Exchange.
Masters of Business Administration:
So if you are not somebody confused in your ambitions, and following a humanities course out of passion (unlike engineering, and then mba, wasting of countries resources, and doing a bank job later), you could apply for this course, seeking a degree in either Human resources or Finance (these being of your interests), you could have a variety of jobs available and you could create some too. You could start your own Ngo perhaps. A degree in Human resources is a much acclaimed myth because of the jobs people are obliged to take up under this degree. However you could be the change you want to see.
To sum up:
• Government departments – Indian Economics Service (IES) through UPSC.
• Corporate – Job titles such as Data Analyst, Financial Analyst, Research Analyst, Business Analyst, Economic Research Analyst, Stock Market Analyst, etc.
• Banks/ Financial Institutions – A graduate in economics can join at an entry-level position in banks, MNCs and research firms and can expect pay packages up to Rs 12,000 per month.
• Teaching – One can appear for NET/ SET exams to qualify for working as assistant professors/ professors in colleges.
• Research – One can opt for fellowship programmes offered by IIMs and other management institutes.
In the world of hot-shot millionaires giving out their ideas at investment, emerging of books like the ‘Corporate Chanakya’and here we are stuck in the mentality of engineering being the super most apple of the eye. India should not have been backward in the case of Economics being considered as a field of arts. Evolving from fore-sighted economic intellects like Chanakya and Kautilya, and emergent Economists like Amartya Sen and Dr Manmohan Singh, it’s demoralizing to know that Economics is still considered to be just a field of arts fetching you a B.A (good for nothing degree) in India.
Did I demoralize you? I might have, perhaps. But if you are going to be taking up Economics or any other field of arts for that matter, you would have to go through the rolling-eyes-as-if-you-did-something-wrong phase, until u tell them you are going for civil services. However, this journey of studying your passion (if humanities!) will blossom you into a careful, unconventional and consistent human being. Happy Humanities!