Careers In Economics

Shiza Sana
Post Category : Economics

4/12/2019 2:38:06 PM

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Careers In Economics

Careers in economics is a fast growing broad field that offers jobs related to collection, analysing, managing, interpreting the data to make it useful for the development of various businesses, organisations and product developments. The field of economics is relate to taxation, auditing, banking, and financial activities.

 

LIST OF COLLEGES FOR ECONOMICS

 

CAREER OPTIONS

 

  • ACTUARIAL

Actuarial is a professional who analyses, compiles, measures and manages the risks and uncertainties in insurance, finance, etc. Their skills include mathematics, mathematical statistics, economics, computer science, finance and business.

 

  • BANKING AND FINANCE

Banking and finance is one of the emerging career opportunities in recent times with the growth of globalization and international trade a number of policies has been introduced giving rise to job prospects. Finance and banking are two different but related fields of work. Finance is related to policies, insurance and accounting in short managing the money in different sectors, whereas banking is accepting, depositing and lending money.

 

  • CHARTED ACCOUNTANT

The duties of a chartered accountant includes taxation, auditing, financial management, business recovery and providing analysis and reports about possible risks and profits to their clients. They can be professionally related to either public or private sectors.

 

  • DATA ANALYST

Data analysts are required in the field of finance, consultation, manufacturing, sales, education etc. as the name suggest the data analyst, analyses, research’s and reviews the given data to find useful information, trends and insights into a certain sector. Finding ways to and determining samples to profit the business by comparing and calculating efficient areas of progress. Their other duties include auditing and monitoring data quality, carrying out surveys, prepare research reports, create graphs, visuals, and dashboards, mining large datasheets and drawing valid reference points.

 

Economists are related to part a of social studies i.e. economics. An economist studies the society in terms of production and its effects on society, how these production activities profit the society. They study about the distribution and consumption of various materials like raw materials, land, technology, labour and many other resources necessary for human use. They monitor the demand of a product and its supply, rate of employment opportunities in numerous sectors, unemployment, looking at the costs of materials etc.

Their analysis can used in various fields of business, crime, education, politics etc.

 

  • FINANCIAL RISK ANALYST

Is the professional who determine and calculated any potential risk to financial activities of a business or an organisation. They compare various potential risk to invert the possible risks or failures. There functions include; making recommendations to control or minimise the risk factors, monitor market trends, carry out analysis, review legal procedures. In short safeguarding the company from any damage in terms of finance.

 

  • INVESTMENT ANALYST

Analysis in any field is comparing and calculating potential risks and profits for the given data for various organisations. Investment analysts provide information to stockbrokers, fund managers about the investment potentials in different sectors and policies. Their responsibilities include; keeping up to date with market developments, considering how natural factors affect the market, financial demonstration and projection etc.

 

  • PRODUCT MANAGER

A to invent a product that is feasible, useful and valuable for the community. A product manager is embedded in the process of production a product from a grass root level like vision, planning, creation and launching. Product manger is responsible for development of different products for an organisation by combining technology, business and design in order to investment a product that is feasible, useful and valuable for the community. Their work is to define business strategies behind a product for both physical as well as virtual products like software’s.

 

Statistician as a professions concerned with statistics. They deal with collection of numerical data, its interpretation and analysis in quantitative form. A statistician advises policymakers on the basis of the findings of various pattern changes. They work in both public and private sectors.

 

  • STOCKBROKER

In simple language a stockbroker is a professional who deals with buying and selling of stocks. They are often paid in commission for the customers purchase price. They are either Discretionary i.e. they carry out all the management of investments on behalf of clients; or Advisory i.e. the stockbroker would not be directly involved in buying the shares but will only advise about appropriate investment plans. One more type service that stockbroker provide is the Executive broker who provide their services only when clients require them to or ask for their advice.

There are 3 types of stockbrokers: Full service broker- Providing clients with information which is usually not available and getting commission if the client plans to invest in them

Discount Broker- Recommends stocks to clients without intensive research

Online broker- Help or back the client in doing their own research by not being directly involved in the process.

 

  • SALES ANALYST

A sales analyst creates sales reports for an organisation listing various factors concerning with the product they wish to sell or promote. A sales analyst look deep into the conditions of market to deliver the desired results and calculate the demands and mark the areas of target. They identify the area of weakness, determine goals and suggest ways to improve sales by doing an extensive research on the risk factors.