What Is The Scope Of Doing A Bachelor’s In Economics?

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.

Additionals:

Content Rally

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.

View all posts

Best Paying Jobs In Energy

Over the last decade, job requirements in the energy industry are proliferating in leaps and bounds. Especially when it comes to the renewable energy industry, a sharp hike is observable in their popularity. In this context, one of the most frequently asked questions is what are the best paying jobs in energy? You may also wonder if energy is a good career path! These are quite natural to ponder upon if you choose the energy sector as your ultimate career destination. Indeed, these are super tricky questions if you take your personal skills, career goals, and existing industry opportunities into account. There is no need to pressurize yourself; because we will speak about the best paying jobs in Energy industry in 2021. Background Information About Jobs In Energy Choosing a career is critical, but what’s more difficult is verifying whether a particular career direction is opportunistic or not. Is energy a good career path? What are the best jobs in the energy field? Do energy jobs pay well? What is the best solar energy job salary? All these questions might be forming clouds in your head - right? Well, leaving aside the negative and positive sides, the energy sector is one of the most prospective career directions. Owing to the social and political support, this sector is of utmost importance in every country. Do you want to explore some merits and demerits of it before hopping on to the best paying jobs in energy? Let’s go! Advantages Of Careers In Energy Undoubtedly energy jobs are prosperous; particularly, renewable energy jobs have endless career directions with lucrative remunerations. Let’s pinpoint some core benefits of the best paying jobs in energy: Attractive salary packages Development of technical and soft skills Strong career goals due to robust industry infrastructure There is a steady growth in this industry The energy sector is ever-changing with lots of new opportunities. Disadvantages Of Careers In Energy No job sector is perfect because of the potential challenges residing in every industry. Energy is also not an exception in this regard. Some demerits of energy-related careers are as follows: There are high upfront costs As it is evolving consistently, you have to keep updating your skills and knowledge. Only people with specialized and high technical attributed get chances High probability of exposure to fatal rays and chemicals What Are Some Best Paying Jobs In Energy? Now that you have some sound ideas on careers in energy, it’s time to know what are some best paying jobs in the energy sector. In the table below, we have jotted down the top 7 best paying jobs in energy you must know in 2021. This section will guide you to your end question - is energy a good career path? Job Profile Educational Criterion Salary (per annum) Experience Chemical Engineer Master’s in chemical engineering or industrial chemistry $108,770 None Green Construction Manager Bachelor of Sciences, training in green construction. $145,000 5 years+ experience in similar fields Data Scientist Master of Technology in Information Technology, or computer sciences $97,870 2-5 years of experience in similar fields Solar Project Manager Bachelor’s in Science, Pro level training in solar project management $138,500 5 years+ experience in similar fields Petroleum Engineer Master of Science in Petroleum Engineering $137,720 None Materials Engineer Masters in computer programming, chemical sciences, mathematics. $93,360 None Environmental Engineer Biological or chemical engineering, Master’s in environmental sciences $88,860 None Geoscientists Master’s in Geology, Geography, Applied Geology, Earth Science, and Geological sciences $120,253 2-5 years experience Wind Farm Site Manager Bachelor’s in Science, Pro level training in Wind installation and project management $125,780 None Which Educational Backgrounds Are Preferable For Energy Industry? There is not a single job in the energy industry. For the millions of career opportunities here, the educational qualifications are also multidimensional. Check out what academic backgrounds you need to have for cracking some of the best paying jobs in energy. 1. Information Technology The energy sector is heavily dependent on data. Energy giants BHP Billiton, Royal Shell, Chevron Corporation, etc., have expert IT teams who manage huge volumes of big data. So candidates with IT backgrounds are always welcome. 2. Engineering The energy sector is all about applying scientific understanding to solve real-world problems. So engineering candidates with practical knowledge have high demand in this sector. 3. Business Administration You have to gain business administration degrees if you want to acquire leadership and executive positions in the energy industry. 4. Mathematics, Chemical Science And Physics Mathematical skills, analytical abilities, in-depth knowledge in physics and chemistry are MUST for joining best paid jobs in energy. As you have to deal with scientific elements, possessing expertise in these areas is mandatory. Is Energy Sector Worthy To Build Your Career? - The Judgement I hope there is no need for any more explanation now. The above-discussed areas have answered all your queries. Firstly, to reply to your question “what do the energy jobs pay,” they pay extremely well if you have the desired skills and qualifications. Moreover, all the best paying jobs in power generation require intensive self-study and research. With the increasing demand for renewable energy resources, the number of best paying jobs in energy is also increasing. It is expected, in the upcoming years, renewable energy will attract 70% of the global energy investment. So, there are some incredible careers in energy, especially renewable energy jobs waiting for you. Considering all the above factors, it is possible to say that - YES, Energy Industry Is A Good Career Path in 2021. Also, you will find some of the best paying jobs in energy if you meet all the criteria. Frequently Asked Questions Q1. What Skills Are Required For the Best Paying Jobs In Energy? Some of the skills required to apply in the best paying jobs in energy are: Mathematical skills Deep knowledge in advanced sciences, Analytical skills Critical decision-making skills Computer Programming Q2. What Are Some Best Renewable Energy Jobs? Remuneration is always high when it comes to renewable energy jobs salaries. Some best paying renewable energy jobs are: Renewable Energy Designer Solar Project Developer Green Construction Manager Renewables Estimator Wind Operations Leader Q3. What Do Energy Jobs Pay? The average annual salary in the energy sector is $90,806. All the best paying jobs in energy fall under this category. Hence, this sector is good enough to kickstart your career. Q4. Are Energy Careers in high demand? The shortest answer is Yes. Without energy, the world will never run. Moreover, the market is hoping to make significant value in the upcoming years. Therefore, careers in energy are expected to be in high demand in the coming years. The Final Verdict To summarize, careers in energy have limitless possibilities. Not only salary but also in terms of professional development, the jobs energy sector is a promising one. So what are you waiting for? Shortlist your preferences and start applying today. I am sure you will come out with flying colors. I hope this article was able to provide you with the necessary information about the best paying jobs in the energy. Did we miss something? Drop your opinion or query in the commenting area below, and we will be resolving those in no time. Read Also: Is Electric Utilities Central A Good Career Path Is Business Services A Good Career Path Is Hotels/Resorts A Good Career Path

Is Energy A Good Career Path? – A Detailed Guide

Is Energy A Good Career Path in 2021? Energy is important in almost every aspect of our modern lives and without this, we cannot imagine our lives. It is a well-established sector that keeps on growing at a rapid speed. The decision to choose a career path should be based on your interests and skills. One of the most rewarding and well-paid career paths is the energy sector. It would have been very difficult to lead a life without energy because we are surrounded by them. The demand in energy sectors is increasing because it is a highly specialized technical field that mostly requires a post-graduate degree. Is Energy A Good Career Path In 2021? Working in the energy sector brings lots of responsibilities and duties. You should have primarily two focuses, one is creating minimizing the energy consumption and the second is developing new ways to create energy efficiently and cleanly. Those who are working as energy engineers are noble professionals and keep on working to find new energy sources, harness them, and convert the same into magic. Is energy a good career path? Yes, because the energy engineers or those who are working in this field are always in demand. This sector is going to rise in the future and individuals who are working in this field. Best Paying Jobs In Energy There are different types of energy jobs that you can consider for yourself in 2021. From high-level executives to ground-level technicians, all posts determine the long-term goals for private firms. i). Sales Engineers Several energy product providers rely on sales engineers to secure new projects. Your primary role should be selling scientific or complex technology to a client and you need to have a Bachelor's degree in the same field. ii). Electronics Engineers Electronics engineers are another best-paying job in the energy industry. Each energy operation relies heavily on electronics. They make sure that each part is installed and working well. iii). Software Developer This is a necessity for several energy operations. It enables wind turbine energy collection, solar panel functions, and fine-tuning of power plant operations. iv). Project Manager Yes, you can become a Project Manager if you consider energy as a good career path. The salary is quite good and the skills needed to become this manager can be helpful for you in the long run. v). Power Plant Operator Power plant operators are responsible for systems that distribute and generate electricity. This job comes under renewable energy jobs as it depends on the source of power generation. This sector falls under the electric utilities career path. vi). Wind Turbine Technician Wind Turbine Technician repair, maintain, inspect, and install wind turbines. It is one of the best choices for those who are searching for mechanically inclined jobs. vii). Geoscientist Geoscientists are experts in the earth’s physical aspects and one of the most popular career paths in energy sectors. However, you need a Bachelor’s degree to qualify for this post. viii). Financial Analyst Financial Analyst jobs exist in several industries. This job can be the best choice if you want to be a part of the green movement and have a penchant for numbers. ix). Petroleum Engineer Petroleum Engineers are in high demand in the energy careers. It ensures companies can develop and design oil and natural gas extraction processes. x). Civil Engineer Civil engineers focus their careers on green construction niches and renewable energy. In these roles, civil engineers help with ensuring projects, oversight, design, planning, etc. The Final Thoughts Is Energy A Good Career Path? The answer to this query is an absolute Yes. You will find numerous rewarding career jobs in this particular field. This should be your top priority if you are willing to work in the energy industry in the long run. Besides, if you have any doubts regarding the above-described information, you can mention them in the comment section below. Read Also: Is Public Utilities A Good Career Path Is Hotels/Resorts A Good Career Path Is Packaged Foods A Good Career Path Is Business Services A Good Career Path Is Basic Industries A Good Career Path Is Other Consumer Services A Good Career Path Is Clothing/Shoe/Accessory Stores A Good Career Path

8 Tips for Tech CV Writing to Highlight Skills & Experience

When you are creating a tech industry CV, it is recommended to be specific. CV is the first point of contact with every client where you can sell yourself as a technologist. So, make sure to include the right information for the position you are applying for. A report given by The PHA Group says that, The UK technology sector ranks third globally. It was recorded worth $988 billion in 2022. MOL Learn gave another report that said, The UK technology industry adds £41.5 billion to the country’s economy. It is estimated to create 678,000 jobs by 2025. This statistical analysis represents a surge in the tech sector. For several applicants applying for tech jobs, making a unique CV is a promising need. This guide will inform the reader of some essential tips and tricks to design your CV for the tech industry. However, if you want to stand unique among all competitors, obtain a CV writing service from a professional. Thanks to their expertise, they know how to present your skills and background. They can portray it in an interesting yet concise way that can grab the attention of hiring managers. How Do I Write A CV For the Tech Industry? Top 8 Expert Tips When a recruiter opens up your tech industry CV, he has only 6 seconds to judge your expertise. If you stuff it with irrelevant information, those 6 seconds can be wasted in reading it and then considering you as needing to be aligned with the interest. The tech professionals are in high demand. Due to increasing competition, a standard CV for tech industries would not be able to gain a cutting edge. A resume is more than a document listing your expertise. You need to present the highlights creatively so that the manager can think of calling you for an interview. To implement it effectively, the tips below can assist the intent. 1. Tailor It to Specific Companies When recruiters scan your resume for the Tech Industry, they look for the specific keywords. If these keywords are mentioned in your resume, they will be taken out among others. So, make sure to add these keywords to it. Write them in bold letters to highlight your key expertise. 2. Create a Technological Skills Section Are you looking for a way that how do you list tech skills on a CV? Making a separate technology section in the tech industry CV can be the best way to go regarding this. Place it right below your introduction and summary section. You can write it in bullet points and mention the specific tools or software used there. Also, mention your expertise in using various technological tools. Remember to mention your skills in using both hardware and software. 3. Mention Expertise in Bullet Points Most of the students make mistakes there. They do not differentiate their tech industry resume from the cover letter. A CV is only meant to highlight the key expertise. You are not supposed to write the details of each point. However, in the cover letter, you will explain all the bullet points you mentioned in your CV. The recruiter does not have time to read this big block of information in the tech industry CV. Stick to the point to grant ease and enhance your chances of getting selected for an interview call. 4. Don’t Make It Longer Than One Page Once again, it's about the effective presentation of a tech industry CV. Writing long will increase the length, and the CV will exceed more than one page. A manager is likely not to turn the page to read the information mentioned on page number 2. It might also be possible that the most relevant expertise is mentioned on the 2nd page. To avoid the trouble, be concise about font size and type to fit all the information on one page. 5. Get The Formatting Right You can submit your resume in whichever format you like. However, it is recommended to be submitted in pdf or Word document. Make sure the presentation must be in the document type that is required by the uploading tool. Furthermore, cross-check the job description as it is considered the most preferred format in the whole tech industry CV structure. 6. Don’t Embellish It You may want to embellish your CV, but it can be done elsewhere. As we have discussed above, the tech CV must be specific and balanced. The simpler and clearer it is, the better it looks. This sort of creativity and storytelling can be practised in other documents such as cover letters and portfolios. For more clarification, get some Tech industry CV writing ideas from previous samples. You will understand how simplicity is crucial for each sample. 7. Use AI Tools and Software to Better the Presentation There are several tools available that can help you design a tech industry CV beautifully. It may include Canva, CakeResume, etc. Remember that an over-designed resume is prone to get rejected first-hand. The use of vibrant colours is great but don’t ignore the simplicity and clarity behind it. The document must be scannable afterwards. 8. Prove Your Abilities Simply listing your key expertise in the tech industry CV does not seem sound. The recruiter may be suspicious that you just write about it. In practice, you have not done anything productive in the industry. That's why there is a need to prove your skills. You may mention your previous experience, the company name, and the great benefit that sector got out of your service. Try to use specific terminology to describe it so that the manager can get an idea about your previous work. Tech Industry CV Examples The UNC gives an example of a tech industry CV template. You may not align with the expertise provided below. However, get an idea and design your CV accordingly. If you need more than the template to write your bio specifically, search for your town's top CV writing services. These experts understand the competitive market well enough to design your resume efficiently. Taking expert assistance might be the best career decision you ever made. Conclusion There is no doubt that the tech industry sector is expanding. That’s why it is introducing several jobs to the applicants, for such students, making a tech industry CV is crucial. The way you will be preferred among all other candidates is highly dependent on your resume. To beat the increasing competition, the above-mentioned key tips are helpful. Present your key skills efficiently and get ready to be called for the proceeding by the HR manager. Read Also: How to Start Your Career as a Financial Advisor? Top 7 Things To Take Into Consideration When Selecting Essay Writing Service 6 Ways to Achieve an Essay Writing Task Successfully

What Is The Scope Of Doing A Bachelor’s In Economics?

What Does Economics Entail?