Economics is a very broad and versatile field of education. With the growth of business in India, the demand for knowledgeable economics students is rising. Most of the domains require economists in order to keep up with the market trends for the purpose of business welfare.
Apart from the opportunities in the corporate sector, there are various government jobs in the field of economics. The Government of India requires skilled economics students for its various departments including finance, defence, transportation, etc. Let’s find out about some of these jobs that you can apply for after pursuing graduation or post-graduation in Economics.
Following are the Government Jobs options after studying Economics:
1. Indian Economic Services (IES):
The IES is a Grade A central service that was constituted in 1961. IES Officers are required to give economic advice, implement development policy and programme, look after economic administration, etc. These officers are exposed to almost every government sector to assist the government in matters related to the field of economics.
2. Reserve Bank of India (RBI):
After studying economics you can also apply for different posts at the Reserve Bank of India. There are various entry-level jobs as well as other opportunities at the bank depending on your qualification and education. RBI, being the regulatory bank of India, has various posts for qualified economics students at both at entry level and management level.
3. Public Sector Undertakings (PSUs):
Economics students can also apply for jobs at different PSUs as well. There are various PSUs in India that offer economics-related posts. The job requires individuals to help the organisation with investments and budget related matters. Some of the PSUs that you can apply for are ONGC, BHEL, BSNL, etc.
4. Education Sector:
Education being a broad field providing various government job opportunities at both school level and higher education level. You can apply for the roles of assistant professors of lecturers at the economics department of universities. These jobs are not hectic and offer good salary packages even at the entry level.
5. Other Government Jobs:
Although these are not strictly related to the field of economics, Combined Defence Services, Railway Recruitment Board, etc. are some of the departments that offer some high paying government jobs.
The profiles mentioned above are some of the most reputable government jobs in the field of economics. For most of these jobs, it is essential that you pursue an undergraduate course in economics. Whereas, profiles like IES will require a postgraduate degree in economics as well.
Selection for the jobs mentioned above is done on the basis of entrance exams. Government departments/ organisations conducting the examinations will notify students whenever there are vacancies and students can apply for these competitive exams in order to secure the jobs.
Most of these exams are based on economics, English and general knowledge related syllabus. However, some exams also comprise reasoning and quantitative ability questions. With a focused education in the field of economics and preparation, you can get any of the jobs mentioned above.