Economics: One subject, Myriad Career Options in Today’s World
Why Economics
Everyone knows that choosing subjects in your final years at school is very important yet can tend to be very tricky. For a start, securing the required grades would open up doors for you in
the universities of your choice. Secondly, you want subjects that interest you. Thirdly, your final years at school serve as a trial period for your future studies: you want subjects that let you
explore what you might do at university.
The right combination of Science and Art!
Many people assume that they can solely pick either science or art. Yet, university prospectuses seem to indicate that successful candidates in most courses have a good mix of both. Opting for
a course in Economics provides you with the right combination of essays and analytical math that will help you study almost any course at university.
Why Study Economics?
Economics, sometimes referred to as the queen of social sciences, is all about choice and is at the heart of all decision-making. Broad in scope, it explains how people, businesses, governments, and even families, schools, and charitable organizations make decisions with limited resources.
Economics relates to everything: you do not necessarily have to choose economics just because you want to do it at university (in fact, it is often the other way around). Economics is a useful subject to opt for even if you end up choosing Math, Engineering, Data Analytics, Statistics, Business, Finance, History, Politics, Law and so on.
Not impressed yet? Check out the following fact –
According to recent studies by Forbes magazine in the US, “The national average annual wage of an economist is $1,16,020, according to the BLS, which is more than double the average annual salary for all occupations, $51,960. “
What are the courses you can take after school?
•Bachelor and Master of Arts in
Economics, Business Economics,
Applied Economics,
•Bachelor and Master of Science in
Economics
•MBA in Business Economics
•Master of Philosophy in Economics
•PhD in Economics and
Econometrics
Core Subjects within the Field of Economic:
•Finance, Accounting, Agricultural Studies, Rural, Health & Business Development, Industrial
Law and Human Resources.
Some of the areas that Economic students have pursued after graduation:
•Business, Insurance, Law, Medicine, Government, non-profit organizations (and NGOs)
• International Relations/Development, Urban Planning, Policy Analysis, Public Policy/Public
Administration, Journalism, Media, Graduate program, Education.
According to Ms. Lakshmi Menon, Economics Mentor at StudyPlus Education Qatar, “Economics is one of the subjects which can provide you with wide-ranging career prospects, be it in Banking, Marketing, Communications, Engineering, Education etc.”