Career as an Economist

Economics is one of the traditional subjects which has universal application. There is no area of activity where economics does not play a role. Economics deals with allocation and distribution of resources both of natural and artificial forms. The resources available are either primary, i.e. minerals in ore form, agricultural produce, fisheries and dairy products.

The secondary or manufacturing sector is perhaps the most demanding area for an economist. The manufacturing sector utilizes resources of primary sector to produce goods by using technology and human resources. The tertiary sector is an extension of the secondary sector. All service industries and commercial organizations fall within this category. In recent years, with growth of market economy it has become important to plan production and business strategies well in advance. Most multinational companies, large conglomerates, and multi location business houses appoint economists or economic advisors to provide production and marketing guidelines.

Economists are also in great demand in planning commission and advisory boards of government departments. Research institutes and data interpretation organizations also require economists. Development authorities are among the biggest employers of economics scholars. Developmental economics is a vital area in an underdeveloped or developing economy as India. At each and every step an economist’s advice is sought. In matters of education and poverty eradication an economist is the best person to advice. 

Recruitment Consultant is a new career which is rewarding and includes sales and people skills. The industry has come up very recently with such vigor and force. To enter this profession there is no rigid rules that you need to have a formal educational background. If you have done your Masters in Business Administration then it will help you to survive and succeed in this career. There are many colleges and Universities in India and abroad which provide you with a Masters in Business Administration. This career is very lucrative after the initial years of struggle. But you need to work hard and around 10 or 12 hours a day. There is dearth of skilled consultants which means if you are good then there is definitely room for you. You can work for any company be it an IT or a Telecommunications. Your role will include a lot of responsibilities. Building relationship with client, headhunting, reviewing and receiving applications, preparing resumes and offering guidance to clients and candidates about payments and reviewing recruitment policies and programs are to name a few. Get to meet new people and get the insights of the industry as you traverse new paths and become one of the most successful recruitment consultants.