Published on: 09 September 2022
Last Updated on: 19 February 2025
Economics is a part of our everyday life. It affects our daily lives in obvious and subtle ways.
Supply and demand, opportunity costs, the law of diminishing marginal returns, and the trade war are the applications of economics in the real world. You contribute to the economy by buying a Starbucks coffee and chocolate-filled croissant.
As our lives are influenced by macroeconomic trends, like inflation, interest rates, and economic growth, an in-depth understanding of economics is imperative to make informed decisions and gain a global perspective. In-depth knowledge of economics allows individuals to drive positive change. Economics helps think strategically and optimize the outcome.
Economics graduates are in huge demand across the world. In this article, we will discuss the literal meaning of economics, how it impacts our lives, and why studying BA in Economics and Business Administration is essential for creating a rock-solid career foundation.
What Does Economics Entail?
Economics study people, their behavior, decisions, and reactions in the face of scarcity and successes. It is a combination of politics, sociology, psychology, and history.
Studying economics provides a high level of mathematical and statistical skills. This discipline also allows individuals to apply economic principles and models to business or finance problems.
Moreover, pursuing economics equips individuals with a broad economic concept that can be applied to understand complex data and the relationship between things in the broader context. Upon completing a bachelor’s in economics, you will develop a wide range of skills, including communication, numeracy, problem-solving, and analytical skills.
What Can You Do With A Bachelor’s In Economics?
BA in Economics graduates has various employment opportunities across a spectrum of industries. Common career paths for BA in Economics graduates include:
1. Economist
As an economist, you will study the production and distribution of resources, goods, and services by gathering and analyzing economic data and researching trends to provide financial advice to businesses.
2. Investment Banker
As an investment banker, you will be working towards raising capital for corporations. Investment bankers usually combine financial services, analytical prowess, and practical communication skills to support institutional clients in raising money and acquisitions.
3. Data Analyst
Data analysts solve business problems by collecting, cleaning, and interpreting data sets. They identify key business insights using data analytics, data cleaning, and statistical knowledge.
4. Actuary
These professionals evaluate and advise on the impacts of financial risk and uncertainty in business. With business and economics acumen, actuaries provide reports and assess the risk of potential events.
5. Financial Analyst
As a financial analyst, you will evaluate investment opportunities, create financial modeling for investors, assess stock performances, and evaluate outcomes for business decisions.
Conclusion
If none of the above appeals to you, there are several other lucrative career options you may want to consider. You can seek a role in international development, human resource management, IT, journalism, law, market research, public relations, or taxation. Check out the top-ranked college in Germany’s Berlin to enroll in the course.
Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.
Is Investment Managers A Good Career Path in 2021? How many jobs are available for investment managers? What are the best paying jobs for investment managers?
Let’s proceed to discuss the above-listed queries in detail. Actually, investment managers give advice to companies and people on what to do with their money. The best part about this career path is that the field is varied, and you have all options available in your hand.
In finance, investment managers are paid high from the beginning. Moreover, those who are talented and qualified can get more opportunities in the long run. In the United States and also other popular countries, the investment manager is like a room full of rewards.
What Is Investment Management?
Investment management is a field that specializes in providing investment advice to clients. Investment managers work with clients to meet their investment goals, and they develop a strategy to help them meet those goals.
However, the requirements differ from person to person. They require an investment manager to take a unique approach to help them meet those goals and capabilities.
Most investment management positions only require a Bachelor’s degree to apply, and this is regarded as one of the best opportunities for millennials who are looking for rewarding career options.
Is Investment Managers A Good Career Path In 2021?
The answer to this question is an absolute Yes. This is the best career path that you can consider in 2021. You get lots of career options and financial benefits after becoming an investment manager.
To reduce your time and effort, we have listed several reasons why investment management is a rewarding career option. Let’s discuss the same in detail.
1. Investment Management Is Satisfying
Investment managers solve all kinds of investment issues of clients. With each discovery, there is satisfaction and peace. I agree that you may not be right every time with every client. But at least you would gain some experience and be an expert in that particular field.
2. You Can Be Creative And Innovative As An Investment Manager
Yes, it is true that you can become innovative and creative as an investment manager. Investment management offers you diverse fields to become more creative and innovative. Besides, as compared to similar investment-based career opportunities, working as an investment manager often requires less time.
3. The Hiring Outlook Is Bright
There is no doubt that most industry analysts expect powerful employment growth in the investment management area. Moreover, employment in the investment field is expected to rise rapidly in the coming years.
4. Investment Management Is Fascinating
Investment management is so fascinating as it gives companies and people advice on what to do with their money. It can happen that one day you are helping a company to build an app, or another day you are helping a fashion designer.
5. You Have Several Options
Yes, as an investment manager, you have diverse options available in your hand. You can become a hedge fund manager, private equity associate, rating analyst, risk analyst, stockbroker, investment analyst, and much more.
6. Serving Your Community
If you have an interest in serving your community, then investment managers can be a great career option. In addition, you can improve the quality of life in your local community by helping them as much as you can.
7. Career Stability
Investment management is an industry that provides strong growth projections. There are many individuals who need investment advice, and by helping them, you are making your career stable in this domain.
How Many Jobs Are Available For Investment Managers?
There is no doubt that there is a wide range of jobs available for investment managers. There are more than five lakhs of jobs available in the investment management field, and you can pursue your career in the same.
Now, let’s discuss some of the best paying jobs in investment managers that can interest you.
1. Hedge Fund Manager
The hedge fund manager is one of the best fields that you can choose in 2021. They perform duties similar to investment bankers and must monitor the market to protect investors. This investing is rarely a career with typically full-time hours.
2. Financial Analyst
Financial Analysts is also one of the great career paths in investment management. They help business stakeholders make informed business decisions about company finances.
3. Insurance Advisor
These advisors help clients to find the most suitable insurance in order to meet both short and long-term insurance needs. They guide in making a perfect purchase decision.
4. Financial Advisor
Financial advisors are actually professionals who help clients meet both short and long-term financial goals and lead them to services that make sense. They are the primary point of contact for customers.
5. Investment Banker
If you have an interest in investment banking, then you can choose your career as an investment banker. Here, you need to manage the portfolios of government agencies and businesses that invest in a number of firms.
The Final Thoughts
I hope you have got an answer to your question “Is Investment Managers A Good Career Path In 2021?” and I have tried my best to explain the same to you in detail. The best-paying jobs in investment management can encourage you to consider your career path in this sector.
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Blue-collar jobs are manual labor positions that require employees to use their hands and physical strength to complete tasks. Maybe that is why people do not consider talking about the best blue collar jobs for women.
However, if you are someone who is trying your best to strive for equity/equality, and would want to know about this topic, I have you covered!
Therefore, keep on reading this blog till the end to learn more…
Women and Blue Collar Jobs: Do They Go Hand in Hand?
Well, it is true that blue-collar jobs include working with machinery, in factories, or on building sites, and frequently involve creating or fixing things. These workers typically acquire their abilities through hands-on training or specialized education.
But what about the women? Does the idea of blue collar jobs and the other gender go hand in hand?
For women, the world of blue collar occupations is evolving. These jobs have historically largely been performed by males and typically involve manual labor, such as building buildings or mending cars. But now, a growing number of women are participating.
Blue-collar jobs were once thought of as "men's work," but that is no longer the case. More and more women are entering the construction, plumbing, and mechanics industries, demonstrating their ability to perform these tasks on par with men.
An increasing number of women are filling these jobs. They're going into welding, truck driving, and electrical work. This shift is taking place due to the high salary and increased availability of these positions.
Businesses are beginning to understand the benefits of having a diverse workforce. Women contribute fresh perspectives and expertise.
It's not always simple, though. Blue-collar workers may encounter difficulties. Some still see these vocations as inappropriate for women. For this reason, women must receive training and assistance.
Women in these sectors can get employment and acquire skills through organizations like Women Who Weld and Professional Women in Construction.
The good news is that conditions are improving. A growing number of women are becoming well-paid tradespeople.
Additionally, they're helping to reduce the wage gap between men and women. So, more women entering these fields create opportunities for others to follow.
Benefits of Blue Collar Jobs for Women
Unlike what many people think, there are several benefits of blue collar jobs for women. They offer good pay, stability, and security.
Additionally, blue-collar jobs offer many career growth opportunities. These jobs are rewarding and empowering for women.
Wondering what the benefits might be in particular? Well, I have you covered!
Here are some of the major benefits of blue collar jobs for women:
1. Job Security
Firstly, blue collar jobs tend to be one of the most stable jobs in the world. This is because these are also important for the society as a whole.
2. Good Pay
Believe it or not, blue-collar jobs pay well. This might increase if you have certain special skills. So, this is a great way for most women to make money.
3. Career Growth
As a women, you can definitely think about your career advancements in this field. All you need to do is be diligent and keep trying.
4. Financial Benefits
Blue collar jobs offer several healthcare and financial benefits. So, if you are someone who is trying hard to take care of your family, this can be an interesting reason for you to join this industry.
5. Diverse Work Environment
Lastly, needless to say, the work environment in the blue collar jobs ave become more and more varied in recent years. And this is one of the reasons why there are several opportunities for you, as a woman, in this industry.
Top Blue Collar Jobs for Women in 2024
If you check out Reddit, you will find out that the searches related to the blue collar jobs for women have been growing immensely. However, while the searches and discussions have increased, the options that the users mention are limited to laborers and mechanics.
But are these all? That’s the most you can be as a woman if you are in the blue collar industry?
Absolutely not!
Here is a list of the best blue collar jobs for women in 2024 that you must take a look at:
1. Lockout Tagout
The first one on this list is lockout tagout. I know you were not expecting such jobs on this list. But as the saying goes, it is what it is!
What is this job about? Lockout tagout, or LOTO for short, is a safety protocol used in industrial and blue-collar industries to make sure that potentially dangerous machinery is turned off correctly and cannot be started up again until maintenance or repairs are finished. Before beginning any repair work, dangerous power sources must be "tagged out" and "locked out."
Lockout refers to locking the machine's energy supply so that it cannot be turned on. This could be a specialized tool made to hold an energy-isolating device securely, such as a padlock. The lock makes sure that the machine can't be turned on and that it can only be taken off by the person who installed it or, in their absence, by following a particular, safe method.
The process of adding a tag to a locked device is known as "tagout." This tag serves as a warning label and has details like the date, the name of the person who installed the lock, and the rationale behind it. It alerts other employees to the danger of using the machine until the tag is taken off.
The goal of LOTO is to safeguard employees against the unplanned activation or starting of machinery and equipment as well as the potential discharge of dangerous energy while performing maintenance or repairs. This is important because unexpected machine starts might result in fatalities or severe injuries.
2. Eyeswash Stations
Second on this list is the job of being at an Eyewash Station. Now you might be wondering why? To understand that, you need to first understand how work gets done at eyewash stations in the first place.
Just imagine that you are working at a factory, working with certain chemicals. If these get into your eyes, it can be pretty dangerous, leading to losing eyesight. To ensure that things like these don’t happen, it is important to have first aid.
The eyewash stations work as a first aid centre for these construction sites. It's usually mounted on a wall or can be a portable unit, and it has a special fixture with two nozzles that are positioned so that they can flush both eyes simultaneously.
In blue-collar jobs, where workers are often exposed to risks like flying debris, dust, or chemicals, having an eyewash station is not just a good idea— safety regulations often require it.
To ensure that the workers can use these stations in times of emergency, the people who can assist them must be there at all times. That is why organizations are recruiting many people for this blue collar job. So, you can definitely apply for this one!
3. Truck Drivers
Thirdly, several people work in the blue-collar industries as truck drivers. And if you think it is a rather predictable option, you are right! But is it a good option? Yes!
Transporting goods from one location to another entails lengthy hours spent on the road as a truck driver.
This job requires steady driving abilities, the capacity to handle lengthy journeys, and occasionally heavy lifting to load and unload cargo.
Because it requires physical labor and is usually paid on an hourly basis, it is classified as blue-collar.
Truck driving and other blue-collar vocations were traditionally performed primarily by males, but this is beginning to change. Because these areas provide decent income, employment security, and prospects for growth, more women are pursuing them.
For instance, women who drive trucks can experience the freedom of the open road, travel to various parts of the nation, and enjoy being essential to the smooth operation of supply chains.
The trucking industry is aggressively seeking to increase the number of female drivers because it recognizes the value that women bring to the profession.
This helps diversify the workforce. Additionally, it helps address the long-standing driver shortage. Women are proving to be skilled drivers who frequently offer new abilities and a fresh viewpoint to the field.
4. Landscaper
Lastly, if you are searching for some of the best blue-collar jobs for women in 2024, consider a landscaper's job. Yes, I know that the work can be physically tiring. However, nothing comes easily, right? So, what is this one about, and how can women be in this role?
Creating and maintaining lovely outdoor environments, such as gardens, parks, and residential neighborhoods, is the task of landscaping.
Landscapers create plans for plants and other features, select plants appropriate for the soil and climate, and maintain green areas to their finest appearance. It's a profession that blends art and nature.
This labor can be physically taxing because it frequently entails digging, planting, trimming, and occasionally heavy lifting.
And this is why, traditionally, males have held most blue-collar jobs like landscaping. However, this is beginning to change.
A growing number of women are joining the industry, contributing their skills and viewpoints. They demonstrate the abilities and drive to succeed in positions requiring a strong physical build and an acute sense of design.
Clients and landscaping firms alike are beginning to see the value that women offer to the workforce. As a result, the sector is opening up and providing women opportunities to pursue jobs as landscapers.
Women in the landscaping industry can work for an organization or launch their own firm, providing everything from complete landscape design and construction to basic grass care.
What are the Trends to Follow in Blue Collar Jobs for Women?
Now that you are aware of the opportunities that you may have as a woman in the blue collar jobs, you might be wondering: “Is it a growing sector? What are the statistics?”
You see, whatever I have mentioned above in this article has data behind it.
In blue-collar jobs, women are slowly but definitely building a name for themselves. Even though they currently only make up 14% to 15% of the population, their numbers have increased significantly since the pandemic outbreak.
The number of people in employment has grown significantly throughout the years, from 18 million in 1950 to 92 million expected by 2050. However, while it is true that initially, the predictions stated that women are 80% less likely than males to hold these positions, data says otherwise.
“In 2022, women comprised 17.0% of all blue-collar workers,” according to CDC’s May Bulletin. This report also stated that from 2011 to 2022, “the proportion of women increased in construction (+1.7%), blue-collar all industries (+3.1%), and blue-collar construction (+2.0%).”
Wrapping It Up!
Things are looking better for women in blue-collar jobs. Women can perform these jobs, and they can do them well. It's a positive development for workplace equality. Additionally, it's creating a more varied and exciting future for blue-collar jobs.
In case you were searching for the best blue-collar jobs for women, I hope that this blog has been helpful to you. If you have any other queries related to the same, please feel free to let me know.
All that you need to do is scroll down until you reach the bottom of the page. Then, leave your comments and suggestions in the box below. I will be there to answer them all for you.
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You’ve had success with your applicant tracking system and the new hires are getting settled in. They seem to fit in well and are enjoying their jobs. Everything seems like a hiring manager’s dream. This is great! Now, how do we make sure they stay happy and comfortable? Everyone is rooting for them to be long tenured employees and here’s a few tips to make sure that happens.
5 Tips For Employee Retention For Any Organization
Employee retention is a pretty effective process. Hence, if you invest an immense amount of money for your employee training purposes, some of the trained employees are starting to leave your company every year. Therefore, your organization is undoubtedly going to hit the challenging part. This is why you have to be conscious and take the step to retain your employees for your organization every time.
How to do it? Read through the five tips and know-how to retain your employees.
1.Development
People new to the workforce especially, as well as those more tenured, want to know what their future looks like. Many in the workforce see the best way to climb the ladder is to leave companies after a few years.
Making an active effort to promote internally will help keep employees as well help with luring new candidates when they learn your company is known for development.
2.Competitive Pay For Employee Retention
While many of us love what we do, most people enter the fields they do because they see it as the best way for them to have the comforts they need in life. It sounds obvious to some, but worth saying that a lot of people working don’t feel valued by the pay they receive.
Not feeling valued, through lack of compensation, is a major reason as to why people are going to take an offer if it’s presented to them. They might not start looking because of it, but when presented with it, who can blame them for taking a new opportunity to better themselves and their families?
Ensuring you are competitive within the market is one of the best ways to keep the talent you have for years to come.
3.An Inclusive Environment
Everyone wants to feel safe and comfortable at work. This is something to keep in mind at every stage of employment. It should start with fair hiring practices and continue throughout an employee’s tenure.
There are many ways to make for a more inclusive environment and it starts by embracing different backgrounds, opinions, and life experiences. Moreover, you must consider the role of wrongful termination lawyers in case your management fails to follow the rules and policies regarding employee termination.
4.Retention Surveys
This is a great way to make sure everyone is happy in their positions, and as a way to catch something before it results in someone leaving. These can be run internally or a 3rd party company can provide the service. Either route can be right, it would all depend on what your business structure looks like.
We are all human and things can slip through the cracks; it’s understandable. A way to minimize that is data provided from surveys. Regardless if the survey is conducted internally or externally it can be tailored to what you think might be pressing issues at your company.
Also, make sure to allow for open ended feedback in case something is important to a team member that you innocently might not have thought to ask about. What better way to show employees to care than giving them an opportunity to speak freely?
5.Perks
Another way to make sure employees are staying is to offer them something they aren’t likely to get elsewhere. This can vary greatly depending on what kind of service your company provides and what the physical space of your office is. For example, an in-house gym is a popular perk but not possible in every office space.
It might also be worth considering offering the service or product you sell to employees at a discount. If that’s also not feasible, consider something like paying employees’ cell phone plans, especially if they use their phones for work, as a way to show your appreciation as their employer.
Conclusion:
The employee is an asset to the organization. So when you are having the goal to build a stable organization these five tips of employee retention are going to sort out your issues within seconds. Apply these tips and maintain stable growth with family-like organization members.
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