Career Opportuniti es in Economics & Policy Sciences.
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Role of an Economist. Economists conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. Compile, analyse, and report data to explain economic phenomena and forecast market trends. Apply mathematical models and statistical techniques. Observe trends and based on findings, forecast production and consumption of resources. Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations..
Role of an Economist. Develop economic guidelines and standard. Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers..
Role of a Policy Maker. The role of the policy maker is to act as a funnel to gather information through consultation and research, and to reduce and extract from the information, a policy or a set of policies which serve to promote what is the preferred course of action The policy maker is someone who creates ideas and plans especially those carried out by Government or a business. Careers in public policy depend heavily on empirical research and data. As such, public policy degree programs build skills in data analysis, critical thinking, and decision-making..
Role of a Policy Maker. Some of the skills the policy makers should possess: Collecting statistical information Convening and chairing discussion forums Be able to write policy documents in an appropriate language and without ambiguity Collaboration Data Analysis.
Best Universities for Economics for MPhil and PhD.
Top Universities for Economics - Abroad. 1. Harvard University 2. Massachusetts Institute of Technology (MIT) 3. Standford University 4. University of California, Berkeley (UCB) 5. London School of Economics 6. University of Chicago 7. Boston University 8. Princeton University 7. Yale University 8. University of Oxford 9. University of Cambridge.
Best Colleges for MPhil and PhD - Public Policy/ Public Administration.
Best Colleges for MPhil and PhD - Public Policy/ Public Administration- Abraod.
Skill set. 1. Academia 2. IES 3. Economist 4. Actuarial Analyst 5. Banking services with the public sector 6. Data Analyst 7. Financial Risk Analyst 8. Investment Analyst 9. Statistician 10. Public Policy.
ACADEMIA AND IES After completing M.A in Economics with at least 55% marks a candidate can either pursue Phd in any University or appear for University Grant Commission National Eligibility Test currently conducted by National Testing Agency. By qualifying in this test a candidate can become eligible for the post of Assistant Professor in Indian Universities and Colleges or can get a Junior Research Fellowship in a Research Institution. The Ph.D. degree holders are likely to get more job opportunities in every sector. Those who have completed M.Sc. or M.A. in Economics with at least 55% marks and in the age group of 21-30 can appear in Indian Economic Service exam which is conducted by UPSC. This Central Group service belongs to group-A category. These group-A officers perform tasks like economic planning and analysis in Planning Commissions (now replaced by NITI Aayog) for the country. They can also be placed in Planning Board, Ministry of Economic Affairs, National Sample Survey and other departments that need knowledgeable persons in economics..
If you're completing a joint degree, you should make sure that majority of your degree modules are in economics. Some employers will expect you to have a postgraduate qualification, such as a Masters or PhD, in economics. It may be possible to get a job as an economist if you have a degree in a subject other than economics if you also have a postgraduate degree in economics..
Most entrants have a degree in a numerate subject such as mathematics. Other relevant degree subjects include: business studies, where the course includes numerate options or core modules Economics Engineering Physics Statistics..
BANKING SERVICES WITHIN THE PUBLIC SECTOR Reserve Bank of India hires economists in the banking sector through their own different recruiting examinations that are held from time to time. Individuals having age group 21-28 are eligible for RBI exam. Candidates can also find jobs in research institutes like National Council of Applied Economic Research, New Delhi; Indian Council of Social Science Research, Institute of Economic Growth, New Delhi etc. Economics graduates can work independently as an economic consultant. In the case of private sector different scientific research and consulting, firms can offer good job opportunities..
A degree in a relevant discipline may help, such as: business information systems computer science economics information management mathematics Statistics Postgraduate degrees in data science are becoming more popular, but they aren't usually required. You may find a postgraduate qualification helpful if you want to learn analysis skills or are changing careers. There are postgraduate qualifications in subjects including MSc Data Science, MSc Business Analytics, MSc Data Science and Analytics, MSc Big Data..
FINANCIAL RISK ANALYST Financial risk analysts are commercially aware communicators who can spot the potential risks to a project or business. Financial risk analysts identify and analyse the areas of potential risk threatening the assets, earning capacity or success of organisations in the industrial, commercial or public sector. As a financial risk analyst, you'll be responsible for predicting change and future trends, as well as forecasting cost to the organisation. There are high degrees of specialisation within the profession. Risk analysts may work in sales, origination, trading, marketing, financial services or private banking, specialising in: credit market operational regulatory..
INVESTMENT ANALYST As an investment analyst you will need to be adept in researching and understanding the financial market, and also be able to communicate this information to others. An investment analyst provides research and information to help traders, fund managers and stockbrokers make decisions about investments. The information you provide ensures investment portfolios are well managed and that potential investment opportunities are highlighted. Some analysts work for investment management companies, providing information to in-house fund managers; some analysts work for stockbrokers and investment banks, where their research is needed by portfolio managers or by clients who make their own investment decisions..
STATISTICIAN Working as statistician means dealing with data and helping to find practical solutions to problems. If you're keen on numbers, skilled in IT and like compiling information, this could be the role for you. Statisticians are concerned with the collection, analysis, interpretation and presentation of quantitative information. They work in a range of sectors, including: education the environment finance forensics government health market research sport transportation..
PUBLIC POLICY RESEARCH Every policy recommendation begins with in-depth research. Some of this research takes place on a regular basis, and includes staying abreast of relevant current events, public opinions, and political developments. DATA ANALYSIS Research and analysis go hand-in-hand for policy analysts. They must be able to cut through masses of information and diverging views, and actually make sense of the information they gather. This generally involves analyzing and integrating large volumes of qualitative and quantitative data..
SCHOLARSHIP. 1 . Hanna H. Gray Fellow Program 2. Royal Scociety Leverhulme Trust Senior Research Fellowship 3. A-Star Graduate Scholarship, Singapore 4. IGLP Residential Fellowship Program Harvard 5. SOAS University of London, V P Kantikar Memorial Scholarship 6. Smart Fellowships, ICGEB 7. SOAS University of London, Kamran Djam Scholarship 8. Scholarship for women in Finance by Imperial College Business School, London.
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