Top Economics Degree Jobs You Can Consider As A Graduate

A degree in economics can equip you to work in various careers, such as public policy, medicine, finance, and insurance. Economics graduates use their organizational and analytical skills to gather and interpret data and predict the impact of investments, policy decisions, and industry trends. Knowing about the various career options you can have as an economics graduate and the skills required to excel in these roles can help you decide if this career is right for you. In this article, we discuss the top economics degree jobs that you can consider as a graduate with their salary and primary duties.

Some Popular Economics Degree Jobs

Some of the popular economics degree jobs include:

1. Credit Analyst

National average salary: ₹27,136 per month

Primary duties: Credit analysts evaluate clients' credit scores by receiving specific information about them. These professionals also help their clients change their credit standing by suggesting improvement plans and providing information about various financial institutions. Their evaluations can help make confident decisions about clients' creditworthiness, such as their credit card and loan applications.

2. Market Research Analyst

National average salary: ₹17,919 per month

Primary duties: Market research analysts are marketing specialists who help determine an organization's position in the marketplace to effectively promote its products and services in the target market. These professionals research a company's competitors and study their marketing strategies while gathering consumer information and identifying areas of improvement for their company. They also analyze consumer preferences to predict the sales of a product or service and use statistical software to analyze data.

Read More: How To Become A Market Research Analyst: A Complete Guide

3. Economic Consultant

National average salary: ₹80,000 per month

Primary duties: Economic consultants conduct studies regarding many economic scenarios using their analytical and research skills. These professionals analyze industry trends to help organizations improve their overall performance. They can work in various sectors such as business, finance, healthcare, education and government sector. Economic consultants also act as expert witnesses in legal cases and help assess the monetary damages and analyze intellectual property while addressing regulatory violations.

4. Actuary

National average salary: ₹68,062 per month

Primary duties: Actuaries are professionals who use their strategic thinking and problem-solving skills to measure future events' probability, risk, and impact. These professionals use their mathematical skills to predict the financial impact of these events on a business and its clients. When analyzing risk profiles, they consider several variables to establish a good structure and process for insurance policies. Actuaries use software to conduct analyses and create graphs and charts to convey their decisions to the management team.

Related: How Much Does Actuarial Salary Make In India? (With Jobs)

5. Financial Analyst

National average salary: ₹35,789 per month

Primary duties: Financial analysts are professionals who research companies, stocks, bonds, and other investment options for a company's finance departments. These analyses often require advanced quantitative skills, and they use computer software and models to support their findings. These professionals also write reports and prepare presentations for their colleagues and clients to help them make final decisions about investments, stock/bond offerings, and mergers or acquisitions. They make predictions about business sectors and industries based on their research on macroeconomic and microeconomic conditions, along with a company's fundamentals.

Read More: How To Become A Financial Analyst: A Step-By-Step Guide

6. Policy Analyst

National average salary: ₹40,619 per month

Primary duties: Policy analysts research and analyze public issues and recommend government and legislative interventions to address these problems. Sound economic knowledge is central to understanding various issues and providing valuable insights and workable solutions. These professionals rely on their strong writing skills to present their research findings and convince legislators and government authorities of the feasibility of their recommendations.

7. Lawyer

National average salary: ₹19,875 per month

Primary duties: Lawyers use their critical thinking and analytical skills to prepare arguments for or against a court case. Many areas of law, such as corporate law, tax law, personal injury, and medical malpractice, require an understanding and application of micro and macroeconomic analysis. These professionals use their writing and research skills to perform their job effectively and gather facts and evidence to support their position. Apart from legal and economic knowledge, they also possess strong communication skills. Their job requires them to present strong cases to convince the judge and other jury members of a claim.

Related: How Much Does A Corporate Lawyer Make? (With Required Skills)

8. Management Consultant

National average salary: ₹70,725 per month

Primary duties: Management consultants analyze business problems and potential research solutions to present to their clients. These professionals use quantitative modeling methods to conduct their analyses using their mathematical skills. Their job may also require them to give presentations, make recommendations to clients, or prepare reports, so writing and communication skills are essential for these professionals. They also use their business skills to offer companies professional advice and expertise and develop many skills that can be beneficial for their business.

9. Business Reporter

National average salary: ₹18,237 per month

Primary duties: Business or economic reporters research, write, and broadcast stories about business leaders, economic policies and developments, industry trends, and financial markets. These professionals can write about complex economic issues to educate the public and perform their job effectively. They also train or mentor junior reporters in writing factual news stories while also continuously building their professional network as part of their job.

Related: 12 Types Of Journalism Jobs (With Salaries And Tips)

10. Supply Chain Analyst

National average salary: ₹56,331 per month

Primary duties: Supply chain analysts are professionals skilled in analyzing the processes throughout supply chain operations to bring forth inefficiencies and identify areas for improvement. They maximize the output at the lowest possible rates and act as the contact point for large purchases outside the company for projects. These analysts also research prices and negotiate with company representatives to ensure that the parent company gets solid prices for the best possible goods. They are also aware of the stock and actively monitor the requirements of other team members to ensure overall efficiency.

11. Loan Officer

National average salary: ₹16,646 per month

Primary duties: Loan officers process loan applications and determine the worthiness of an applicant to receive a loan based on their credit ratings. They choose the credit position of the applicants and work with them to offer workable and personalized solutions. Their tasks also include negotiating on behalf of the company and providing excellent customer service to its users.

Related: Types Of Jobs In The Banking Sector (With Salary Information)

12. Portfolio Manager

National average salary: ₹88,733 per month

Primary duties: Portfolio managers, also known as wealth managers, manage a company's funds or fund groups assigned to them by the management. These professionals research the economic climate, monitor the financial trends, and perform other analyses to make the best decisions favorable to their managed funds. They are investment decision-makers and implement investment strategies and processes to meet client goals and decide when and what to sell and buy in investments.

Related: What Is Asset Management? (With Career Options)

13. Senior Financial Analyst

National average salary: ₹51,859 per month

Primary duties: Senior financial analysts perform various financial tasks, such as budgeting, forecasting, developing economic models, assisting with financial planning, and conducting research and analysis. These professionals study the stock market and bond trends closely and use their research, prediction, and interpretation to help individuals and businesses make beneficial investment decisions. They also ensure compliance with financial guidelines, company policies, and relevant legal rules and procedures.

Related: What Does A Financial Analyst Do? (Duties And Career Advice)

14. Statistician

National average salary: ₹31,918 per month

Primary duties: Statisticians are professionals who use their mathematical and statistical skills and models and apply them to real-world problems. They can work in various industries to gather, analyze and interpret data to help in many business decision-making processes. These professionals also identify trends and relationships in data collection and communicate their findings to relevant stakeholders. They can work on several projects, including risk management and increasing business efficiency.

15. Product Manager

National average salary: ₹65,433 per month

Primary duties: Product managers identify significant business needs and customer objectives that a product can fulfill and predict the success of these products. These professionals develop plans and define strategies for creating, launching, and testing new and existing products for organizations. They also manage large teams dedicated to completing various tasks associated with developing and launching a product.

Salary figures reflect data listed on Indeed Salaries at the time of writing. Salaries may vary depending on the hiring organization and a candidate's experience, academic background, and location.