Career Options after 10th in Economics

Reader's Digest: Looking for the right career options after 10th in Economics? Well, you are in the right place. This blog elaborates on the best career options after 10th in economics and what it takes to build a successful career in economics, and likewise.

Individuals' lives are greatly impacted by money, thus if you want to increase your income, the best method to do so is to identify and pursue your professional options.

Economics is not just about money; it also enables us to explore models that help people, businesses, and the government in the past, present, and future.

Economists can help stakeholders make wise decisions by using the framework they provide. Economists use a set of inclusive methodologies and principles to conduct their research with an eye on the greater good.

Topics to be covered 

• What Made You choose Economics? 
• Economics Scope in India 
• How can I find a job after taking an economics course? 
• Top Recruiters for Economics Courses 
• Top 10 Career Options after 10th in Economics 

What Made You Choose Economics?  

Candidates choose to pursue their degree in economics for a variety of reasons. A few of these explanations are listed below:

• It can be used in many different contexts, ranging from daily living to international affairs.

• Many people with an understanding of economics can find employment in India's sizable banking sector.

• More consulting firms are hiring personnel capable of offering corporate organizations financial counsel and analysis.

• Gaining understanding of economic principles will assist applicants in starting their own businesses and pursuing entrepreneurship. 

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Economics Scope in India 

Graduates in economics have the chance to work in positions that contribute to finding answers to the organization's most pressing financial problems. Candidates who work for the government can apply their economics expertise to benefit society.

• Governmental Organizations: Economists are vital to the health and advancement of a country. They improve everyone's lives by addressing a variety of economic issues. An employee in the government typically makes INR 4 LPA.

• Financial Institutions: Graduates in Economics can find employment prospects in a variety of job profiles in Investment Companies, Credit Unions, Banks, and Insurance Companies. An entry-level banker typically makes INR 4.5 LPA. 

• Corporations: Graduates in economics can find employment with MNCs and corporations. Their goal is to enhance the operations and output of the firm. An entry-level corporate employee typically makes INR 3.5 LPA. 

• Consultancies: Proficiency in statistics and a solid understanding of economics can be advantageous in the consulting field. A consultant typically makes INR 13 LPA. 

• Universities and Colleges: It is reported that academia offers graduates in economics many jobs. While people with a PhD can work as professors, those with a master's degree can only serve as assistant professors. A professor makes, on average, INR 15.5 LPA. 

How can I find a job after taking an economics course?  

After completing an Economics education, there are various approaches to obtain a decent career chance. The following are some detailed instructions that can assist recent graduates in Economics with starting a career in the field:

Steps	Description
Step 1	Begin with the fundamentals, if necessary, consult economics textbooks taught in schools. By doing this, the subject would become clearer and the range of conceptual ambiguities in basic economics would be eliminated.
Step 2	Read literature written for college or university courses. It is recommended that candidates consult books that address topics covered in the core subjects of the Economics course curriculum and are pertinent to the sector.
Step 3	Enroll in certification programs that are pertinent to the job description. An example of this would be a Modeling and Simulation Certificate program. Applicants may also seek online economics certification courses.
Step 4	Look at the resumes of recent hires who are Economists at entry-level in reputable companies and see what qualifications they have. Also, look at the duties listed in job postings.
Step 5	Graduates can apply for jobs on internet portals, and students studying economics at colleges can participate in on-campus placements. Consult interviewers for feedback and make necessary improvements.

Top Recruiters for Economics Courses 

There are many companies and government organizations that provide career opportunities in Economics. Some of these companies may participate in college campus placements whereas some others may have their own recruitment process. Given below are some of the top recruiters for Economics graduates: 

Economics Recruiters
NITI Aayog	Kotak Securities
Bank of Baroda	HDFC Bank
Alice Blue	Paytm Money
Deloitte Consulting Services	Axis Bank
Delhi School of Economics	Shri Ram College of Commerce

Read More: Highest Paying Career in Finance

Top 10 Career Options after 10th in Economics 

Career Options after 10th in Economics #1: Economist `

A practitioner in economics who researches, creates, and implements economic ideas and concepts and formulates economic policies is known as an economist.

An economist's duties encompass conducting surveys, compiling and analyzing data, investigating economic matters, and producing and presenting findings and journal papers. 

Average Salary Range: 5.3 Lakhs- 42.3 Lakhs Per Annum 

Career Options after 10th in Economics #2: Indian Economist Service Officer 

Indian Economic Service Officers (IES) are employed by government agencies such as the Ministry of Finance and the Income Tax Department. In addition to regulating financial rules for the public and private sectors, they offer economic advice and plans to improve the state of the economy.

Individuals need to clear the UPSC (Union Public Service Commission) Examination and receive training at the Institute of Economic Growth before they can become an Indian Economic Service Officer. 

Average Salary Range: 56,100- 1.77 Lakhs Per Annum (including benefits) 

Read More: Career Options After 10th in Commerce

Career Options after 10th in Economics #3: Personal Financial Advisor 

The main responsibility of a financial advisor, who is also a personal financial planner, is to manage funds and make investments that maximize the principal's return. For people who enjoy number games and have a strong interest in economics and finance, it is essentially a number game that would be both tough and rewarding. 

A personal financial advisor is skilled at offering their clients final recommendations and keeping a tailored strategy for each individual client. 

Average Salary Range: 1.84 Lakhs – 10.00 Lakhs Per annum 

Career Options after 10th in Economics #4: Economics Teacher 

There is no need to introduce the teaching profession; it is regarded as one of the most honorable in the world. Because economics is such a vast field, economics permeates everything. Economics can be studied in two different ways: teaching and research.

The economics instructor explains economics ideas to the class, teaches economics theory, and assists each student individually to ensure they are keeping up with the material. 

Average Salary Range: 2.06 Lakhs – 10.00 Lakhs Per annum 

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Career Options after 10th in Economics #5: Supply Chain Analyst 

An essential member of the supply chain process, a supply chain analyst gathers and evaluates data to boost efficiency and cut expenses. A supply chain analyst must possess both business acumen and good analytical abilities. 

Planning and carrying out supply chain optimization projects, upholding standards, and supervising inventory operations are among an analyst's essential duties. 

Average Salary Range: 2.49 Lakhs – 10.00 Lakhs Per annum 

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Career Options after 10th in Economics #6: Product Manager 

A product manager's main responsibilities include planning products, branding, and customer relations. They oversee the development teams, make crucial choices regarding the features and methods of production, and weigh the pros and cons to minimize costs and maximize output.

In addition, product managers research market trends, client needs, and sales margins. 

Average Salary Range: 5.04 Lakhs – 31.00 Lakhs Per annum 

Career Options after 10th in Economics #7: Quantitative Analyst 

Quantitative analysts play a crucial role in organizations like investment banks, fund managers, and PE firms. Making financial decisions for the company using quantitative techniques is the main responsibility of a quantitative analyst. 

The analyst position requires a high level of proficiency with numbers and their analysis. Since several instruments must be used to process vast volumes of data to make a business decision, strong computing abilities are another crucial tool. 

Average Salary Range: 4.82 Lakhs – 20.00 Lakhs Per annum 

See: Career Options After 10th Without Math

Career Options after 10th in Economics #8: Business Reporter 

Graduates with a passion for journalism can pursue careers as business reporters. As part of their work description, they must research current business and economic developments, financial laws and policies, and their effects on other industries.

Then, succinctly report them to a large audience. They also maintain track of the stock market's volatility and forecast future increases or decreases in the value of companies' stock.

Average Salary Range: 1.01 Lakhs – 10.00 Lakhs Per annum 

Career Options after 10th in Economics #9: Economic Consultant 

The three main pillars of an economic consultant's profession are their understanding of statistics, economics, and mathematics. 

An economic consultant's main responsibility is to gather information about the client organization's financial situation to rebuild the company and plug any gaps that prevent it from growing. 

Since the output of the economic consultants can have a substantial impact on the entire firm, they must possess great analytical abilities to deliver optimal results for the organizations. 

Average Salary Range: 2.04 Lakhs – 20.00 Lakhs Per annum 

Learn: Career Counselling After 10th

Career Options after 10th in Economics #10: Compensation Manager 

It is an extremely important division for any business since it contains any rewards, both monetary and intangible, that the staff members receive from the organization.

A compensation manager's responsibility is to ensure that the organization's pay scale system is appropriate and current, accounting for current inflation rates and living standards. The intention is to guarantee that the compensation is both sufficient and equitable for current staff members and attractive enough to draw in fresh talent for the organization. 

Average Salary Range: 4.85 Lakhs – 40.00 Lakhs Per annum 

Conclusion 

• In conclusion, after completing the tenth grade, considering career alternatives in economics brings up a wide range of chances across several sectors.

• Economics offers a strong foundation for consulting and technology jobs and more conventional government and finance employment.

• Every professional option that has been emphasized offers a different combination of benefits and challenges, with the potential to profoundly impact societal and economic development in addition to personal improvement.

• Although the pay for these positions varies depending on the degree of training and experience needed, they all provide opportunities for career growth and financial security. 

• Economists are in high demand as the international economy develops, which makes this a viable career option for young people hoping to have a big impact on the globe.

• Therefore, pursuing a profession in economics is not simply a means of achieving personal goals but also of making a positive impact on society at large by ensuring that every action is a step toward overall development and a deeper comprehension of the global financial dynamics.