A graduate in Economics can aspire to many entry-level jobs in banking, finance, insurance, stock markets, sales and marketing as well as corporations like consulting firms or government departments. They can also begin their career with government enterprises, public undertakings, investment firms, business journals and newspapers. The Indian Economics Services and Reserve Bank of India are also excellent options open to those who want to join government services.
Of course, students of economics can also go for MBA degrees offered by many institutions. As a general option to all social science students, economics student can opt for journalism, law etc depending on their area of interest. Those who have keen interest in higher studies and research can opt for M.Phil., Ph.D. and thereby aspire to take higher position in public and private sector. They can also take up teaching as a career in various colleges, universities and professional institutions. Some others may choose to enter non-profit institutions like NGOs. Economic consulting is another option available for students from economic background.
In most of the government services Economists are getting Rs 10000 to Rs 12000 per month, as assistants while experienced and seniors have an average monthly salary of Rs 25000. In colleges and universities economics teachers are getting Rs 12000 to Rs 25000 depending upon seniority. In case of private sector, remuneration is even higher. Economic consultants are also earning good returns, depending upon how enterprising they are.