Economists study people and their choices to understand why they make certain decisions. They have a thorough understanding of how the economy works. The role of an economist includes giving economical and financial advice to businesses, companies, brands or even the government. They are also responsible for evaluating the company's business stance and give strategy suggestions keeping in mind economic outlook. They guide governments and organisations in making financial decisions in order to improve the country's economy.
Personal Competencies
The approx. course fee ranges between INR 5,000 - 1,00,000*.
*These figures are estimated numbers and will vary from Institute to Institute
Entry Pathway
1. Complete 10 + 2 in any stream (preferably Commerce) with Mathematics as a subiect
2. Complete Bachelor's degree in Arts (B.A.) in Economics, followed by a Master's degree in Economics and then complete a PhD in the same or related discipline
OR
Complete a Bachelor's degree in Management Studies (BMS)/Business Administration (BBA) in Economics followed by a Master's degree in Business Administration (MBA) in Business Economics
Please check the duration of the course during enrolment
Where will you study?
The course is offered by the of Economics.
This list of institutes is indicative only.
GOVERNMENT INSTITUTES
1. Miranda House, University of Delhi, New Delhi
2. Shri Ram College of Commerce, New Delhi
3. Hindu College, New Delhi
4. Lady Brabourne College, Kolkata
5. New College Institute of Management, Chennai
6. Jadavpur University, Kolkata
7. Jamia Millia Islamia, New Delhi
8. Delhi School of Economics, New Delhi
PRIVATE INSTITUTES
(Please check if the institute is affiliated and accredited with IJGC before applying.
1. Fergusson College, Pune
2. Loyola College, Chennai
3. St. Xavier's College, Kolkata
4. St. Andrews College of Arts Science and Commerce, Mumbai
5. PSG College of Arts and Science, Coimbatore
6. Rani Birla Girls' College, Kolkata
7. St. Joseph's College, Bengaluru
8. Jyoti Nivas College, Bengaluru
DISTANCE LEARNING INSTITUTE
Indira Gandhi National Open University (IGNOU)
Fees
The approx. course fee ranges between INR 5,000 - 1,00,000*.
*These figures are estimated numbers and will vary from Institute to Institute
Scholarships & Loans
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE Schemes and State Schemes*
• Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI*.
• Scholarships are also available in the institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Ministry of Education, Government of India and Indian Banks Association (IBA).
• Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc.
• All banks give education loans.
Where will you work?
Places of Work: Government and Private Banks, Finance Companies, Global Firms, Government and Private Colleges/Universities, NGOs, Government and Private Companies
Work Environment: You will typically work independently in an office. You are likely to collaborate with other economists and statisticians, sometimes working with teams. YOU may be required to travel as part of the job
Opportunities for work exist for differently abled in this field
Gita Gopinath is one of the top names among women economists worldwide. She is the first Economist to be serving as managing director Of the International Monetary Fund (IMF) since January 2022. Prior to this, she served as the chief economist of IMF between 2019 and 2022. She completed her bachelors from Lady Shri Ram College, University of Delhi and went on to pursue a master's from Delhi School of Economics.*
ECONOMIST
NCS Code: 2631.0100 | RD014The approx. course fee ranges between INR 5,000 - 1,00,000*.
*These figures are estimated numbers and will vary from Institute to Institute
1. Complete 10 + 2 in any stream (preferably Commerce) with Mathematics as a subiect
2. Complete Bachelor's degree in Arts (B.A.) in Economics, followed by a Master's degree in Economics and then complete a PhD in the same or related discipline
OR
Complete a Bachelor's degree in Management Studies (BMS)/Business Administration (BBA) in Economics followed by a Master's degree in Business Administration (MBA) in Business Economics
Please check the duration of the course during enrolment
The course is offered by the of Economics.
This list of institutes is indicative only.
GOVERNMENT INSTITUTES
1. Miranda House, University of Delhi, New Delhi
2. Shri Ram College of Commerce, New Delhi
3. Hindu College, New Delhi
4. Lady Brabourne College, Kolkata
5. New College Institute of Management, Chennai
6. Jadavpur University, Kolkata
7. Jamia Millia Islamia, New Delhi
8. Delhi School of Economics, New Delhi
PRIVATE INSTITUTES
(Please check if the institute is affiliated and accredited with IJGC before applying.
1. Fergusson College, Pune
2. Loyola College, Chennai
3. St. Xavier's College, Kolkata
4. St. Andrews College of Arts Science and Commerce, Mumbai
5. PSG College of Arts and Science, Coimbatore
6. Rani Birla Girls' College, Kolkata
7. St. Joseph's College, Bengaluru
8. Jyoti Nivas College, Bengaluru
Information on Institute rankings is available at - https://www.nirfindia.org/Rankings/2023/Ranking.html
DISTANCE LEARNING INSTITUTE
Indira Gandhi National Open University (IGNOU)
The approx. course fee ranges between INR 5,000 - 1,00,000*.
*These figures are estimated numbers and will vary from Institute to Institute
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE Schemes and State Schemes*
• Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI*.
• Scholarships are also available in the institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Ministry of Education, Government of India and Indian Banks Association (IBA).
• Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc.
• All banks give education loans.
Places of Work: Government and Private Banks, Finance Companies, Global Firms, Government and Private Colleges/Universities, NGOs, Government and Private Companies
Work Environment: You will typically work independently in an office. You are likely to collaborate with other economists and statisticians, sometimes working with teams. YOU may be required to travel as part of the job
Opportunities for work exist for differently abled in this field
Assistant Economist → Economist → Chief Economist
OR
Assistant Economist → Economist → Teacher/Professor
The approx. salary of an Economist ranges between INR 16,000 - 1,60,OOO* per month.
Source - https://www.payscale.com/research/lN/Job=Economist/Salary
*The figures indicative to Change
Experts from the field
Gita Gopinath is one of the top names among women economists worldwide. She is the first Economist to be serving as managing director Of the International Monetary Fund (IMF) since January 2022. Prior to this, she served as the chief economist of IMF between 2019 and 2022. She completed her bachelors from Lady Shri Ram College, University of Delhi and went on to pursue a master's from Delhi School of Economics.*
Source: https://www.shethepeople.tv/shestars/five-indian-women-economists
*The above information is for training purposes only and will not be used for any commercial gains
business analyst, financial expert, economist