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

09 September 2022

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.

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Benefits of Internship Programs

After graduation when you are ready to apply to your first job, do you think having prior work experience would be helpful in choosing the right career for you? Are you thinking about the best way to gain proper career experience before you have to start job searching? If so, it is probably the best route for you to look into an internship program that will give you real-life experience in the career-world within a particular industry you choose as well as serve as an eye-opener for the type of career you may want to plan for. Even if an internship turns out to not be the career choice for you, you are at least able to narrow-down your career options while boosting your resume in the process. To learn more about how an internship can prepare you for your future, we have taken a deeper look in this article to understand how beneficial internship programs are to students. Adds Value to Resume: Getting a good job in this competitive world is becoming increasingly difficult with each passing day. With how competitive the job search is today, employers are likely to give preference to a candidate that has more experience, either in that particular industry or even just the real-world in general if you are just starting out in an entry-level role. When they see experience listed on your resume, it improves your market value. An internship on your CV provides a good way to demonstrate not only work experience, but that you have developed real-life career skills as well. If you are interested in gaining internship experience while also giving back to your community, you can look into non profit internships from local charities who are also more than willing to give students a chance to broaden their educational horizons. Further, nonprofit internships allow you documented proof that displays all the skills that you have gained during the internship. Adding these skills in your resume helps in sharing your work exposure during an interview. Build Industry Connections: While working in a company during your internship programs, you interact with numerous people that let you network and establish contacts with co-workers. Working in a professional network sometimes also helps in securing a job upon completion of your internship there. You also get an opportunity to attend official meetings that give you an idea about essential career skills as well as office culture. All this experience, along with your degree, helps in reaching the pinnacle of success. When you finish your internship in a company, you will hopefully gain a reference, which acts as an invaluable help when you are looking for a job. Try to be on good terms with your fellow interns and the company in which you are attending internship program. You never know how good networking with in past career experiences can help you with a future job you apply to down the road. Develop Skills and boosts Confidence: Good skills are always preferred for a job. While attending internships, you gain skills and become more presentable. You get exposure before starting your career, and it adds as a benefit. Your confidence level is boosted when you make projects, presentations during your internships. With real-world work experience, you understand your abilities, and that makes you more confident in your job interviews. Career Exploration: You join your college with a career goal. There is a possibility that when you attend the internship, during the period your interest moves on to the subject for which you are taking an internship. So, ensure that the programs that you chose for the internships are relevant to your career interests. These programs also help you in narrowing down your career perspective. As these acts as a deciding factor for you to understand what type of job you like. If you don’t like your program, still you are in a win-win situation. This provides you an opportunity to explore the fields that you like. Financial Help: While undergoing an internship from a company, many industries offer you stipend for your valuable work. This also helps the students who are not financially strong to use the money for their college tuition fee. So it’s the best way of gaining experience and making money at the same time. Moreover, many companies offer the job to the deserving candidates, by the end of the internship. Doesn’t it seem great to have a job before your college ends? Your classroom learning is also enhanced with your work experience from these internships. So, grab a program now to brush up your skills and add value to your CV. Read Also: 4 Ways To Keep Your Top Talent At Work Best MBA Colleges In India Attracting The Best Of Best Among Students

How To Become A Radiology Tech? – Skills, Qualifications, Education, And More

How to become a radiology tech? You can start your career by getting an associate degree in radiology. However, if you get an advanced degree, you can qualify for leadership roles. Then, you must consider specializing in a radiology area. Moreover, you must earn a certification from ARRT if you want to get a state license. In this article, you will learn about how to become a radiology tech and pursue a career in the field. This article also guides you through the factors you must consider as you prepare to become a radiology tech. Finally, you will get a step-by-step guide on pursuing a career as a radiology tech. Hence, to learn more, read on to the end of the article. How to Become a Radiology Tech? – A General Overview Generally, a radiology tech performs important diagnostic imaging procedures. Also, they perform scans to get a better idea of a patient’s health condition. This helps radiologists and physicians better. If this job seems interesting to you, you must consider pursuing a career as a radiology tech. However, you must understand the different requirements for becoming a radiology tech. This can help you successfully land a job at a reputed place. A radiology tech is a healthcare professional who helps in finding out health issues with patients. If you become a radiology tech, you have to operate X-rays and other medical imaging tech to find out problems. Moreover, you will have other duties as well. For instance, you might need to explain radiology procedures to patients and handle complex imaging machines. Moreover, you also need to ensure the compliance of safety protocols. According to the US Bureau of Labor Survey, the average radiology tech salary is $73,410 (2023 data). Moreover, you will have better-earning potential with some radiology tech specializations like MRI scanning, nuclear medicine, radiation therapists, etc. Radiology Tech Specializations Once you pursue a career as a radiology tech, you must have one or more specializations. Some specializations include: Medical Imaging like X-rays, CT Scans, MRI, and mammography Nuclear Medicine To become a radiologist technician, you must complete a high school diploma and then pursue a radiology program. Then, after you choose your specialization, you must get a radiographer certification. After that, you can prepare your resume and then apply for jobs. How To Become A Radiology Tech? – Factors To Consider If you want a service in the healthcare industry and also want plenty of contact with patients, you will enjoy a career as a radiology tech. In fact, to start working, you just need an associate degree in radiology or a similar field. However, if you want early success in this career, you must have an eye for detail. Also, having good math and technical skills will help you grow a lot. Apart from that, you need to show a compassionate outlook. On the other hand, this is actually a physically demanding job. Apart from that, this field is constantly evolving. Hence, if you have more stamina than others and you can adapt to different conditions, you can succeed in this job. The following are the major factors you must consider if you want to know how to become a radiology tech: Radiology Tech Job Description As a radiographer, you might practice radiography or specialize in different medical imaging techniques. Actually, you have to work with doctors and radiologists to produce images of patients’s organs. The following are some of the major tasks you will need to do as a radiology tech: Prepare patients for radiology tests. Also, you must explain the procedure to them and make them remove metal objects from their body. Perform tests like X-ray exams, mammograms, MRI scans, etc. Sometimes, you must review patient histories, doctor reports, charts, etc. Position patients and align them with machines. Additionally, you must calibrate machines to accurately produce images. Moreover, you must follow safety protocols and shielding devices. This way, you can save yourself, patients, and other coworkers from harmful radiation. You must check the clarity of images and explain them to doctors in your team. Since you know the correct procedure to use equipment, you need to sterilize and store imaging equipment accordingly. You must control radiology tech equipment in such a way as to produce accurate images with enough density and detail. Stay updated about radiation equipment and its safety measures. Also, you must learn how to use protection devices. You must have basic information about state and federal regulations and the policies of medical institutions. This way, you can ensure compliance with those regulations and policies. Radiology Technician (Xray Tech) Specializations Here are the major specializations of a radiology tech out of which you need to choose yours: X-rays Computed tomography (CT) Magnetic resonance imaging (MRI) Sonography Bone densitometry Nuclear medicine Vascular interventional radiography Mammography Cardiac-interventional radiography Essential Qualifications And Education To become a radiology tech, you can take different educational approaches. This is because there are several pathways to explore. The following are some of the most popular options to consider: 🎓LXMO Certificates You need almost a year to complete LXMO certificates. Basically, with the help of these certifications, you can quickly become a radiology tech. However, there are some drawbacks to consider. For instance, if you have something less than an associate degree, you cannot earn an ARRT certificate. As a result, you will not qualify for a radiology tech license in some states. 🎓Associate Degrees Generally, associate programs are for two years. Once you complete them, you can get a good exposure to radiology technology. Apart from that, these programs also include hands-on clinical experience and general education classes. 🎓Practitioner Certificates A degree course takes a lot of time and effort. Hence, radiology tech expands their qualification by earning certificates with specializations. However, these certificates are for practicing individuals and not starters in the field. 🎓Bachelor’s Degree A four-year degree in radiology technology will give you a deep dive into medical imaging. Also, you can develop a big picture in the radiology field. Also, you will gain various communication and analytical skills. Hence, you will be ready for managerial and supervisory roles. 🎓Master’s Degree If you want to pursue further studies in the field of radiology technology, a Master’s Degree is the way forward. This will prepare you to pursue extensive knowledge in the subject. Also, you can be prepared for leadership and advanced practice. Moreover, you will have a chance to become a registered radiologist assistant. How To Become A Radiology Tech? – Steps To Follow To become a radiology tech, follow the steps below: 1. Pass a Diploma or an Equivalent Program Here, you just need to earn a high school diploma or the GED test. Moreover, you will benefit from taking classes in the PCMB (Physics, Chemistry, Math, and Biology). Once you have a solid background in these subjects, you will have a better understanding of radiology and its technologies. Moreover, you can consider volunteering at a healthcare center. This will help you understand the work environment. 2. Complete an Accredited Radiology Program Many medical facilities and employers look for radiology tech with formal education and certification. Hence, you must pursue a hospital-based or college-based program with JRCERT accreditation. Hence, you must consider getting a two-year associate degree in radiology tech. This will ensure you an entry-level position. However, for supervisory and administrative roles, you might need a Bachelor’s or a Master’s Degree. After getting your specialization, you must complete your clinical training at a major hospital or a diagnostic center. This will help you to get placements after you complete your training. 3. Earn A Certification To start working, you have to show a state board license along with an ARRT certification. However, to get this certification, you must have a Bachelor’s degree. Also, you must meet the ethical requirements of this certification. Moreover, to maintain your certification, you must complete various continuing education courses in radiology and radiography. Furthermore, you can also choose advanced training as you complete the former. 4. Prepare Your Resume And Apply For Jobs With the help of an effective resume, you can improve your chances of securing an interview. However, make sure you get tips on your resume from a professional. Additionally, ensure your resume is concise and has a professional summary of why you are the right person for the job. Apart from that, your resume must also contain brief details about your skills, experience, and educational background. Moreover, you must also ensure that your resume is tailored to your job requirements. Land Your Radiology Tech Job Now You now know how to become a radiology tech. You have seen that these professionals perform multiple medical imaging procedures, CT scans, and X-rays. However, as a radiology tech, you will be working with medical teams consisting of doctors, registered nurses, and other healthcare professionals. Hence, consider working on your communication skills. Do you have more suggestions on how to become a radiology tech? Please share your ideas and opinions in the comments section below. Read Also: Copywriting Jobs 101: Essential Steps To Become A Copywriter In Demand Jobs 2024: 11 Roles That Are Skyrocketing In The Job Market

Perfect Resume Samples for Every Job

Your resume is the most important element in your application portfolio. You could have an impressive education. You may have a solid work history and volunteering experience. But, if your resume doesn’t showcase these features, you may be passed over. Worse, the person who gets the position may not have your skills or your sense of responsibility. Why would they choose him to interview over you? Many templates will help you design a resume online. What’s more, there are plenty of people who are willing to help you design and write your resume. These people will twist words until they do not resemble the truth, but they are not lies. Here is an example. There was a warehouse worker who put away stock and did cycle-counts. During the lunch break, he would answer telephone calls putting them on hold before his superior could take over. His resume read, “Assisted the operations manager in maintaining a multi-million dollar inventory” and “Served as backup for the parts manager when he was unavailable.” While these statements are not necessarily lies, they are not exactly truthful either. We are not suggesting that you bend the truth in your resume like this person did but we are suggesting that a properly worded resume gets you in the running. Who do you have to impress? If you are invited over for an interview, you will probably have to go through several layers of management to secure the position. You will have to impress each of these people. But, there is something you need to keep in mind. Most department heads have administrative assistants. Often, these assistants are tasked with screening the cover letters and resumes that come in. The assistant typically has one criterion to look for. He or she will look for these criteria and give the management team their opinion of the top 10. This means that you want your resume to showcase all your strengths. But the wording must be simple and easy to understand. If you write, “Personally designed an automated system allowing real-time delivery of HVAC equipment on commercial job sites, giving our clients a 10% increase of their ROI” The assistant will think, “Okay, whatever.” But, if you write. “I designed a program that saved our customers time on their jobs and gave them a higher return on their investment.” The bell goes off, and you make the cut. You have to impress people in a way that be understandable both to a CEO and a receptionist. Save your gift of gab for the interview. Resume Content: Your resume tells the reader who you are. The resume is the document that lists your education, experience, and achievements. It allows you to show where you went the extra mile. By using clear language, you are sending a message that you do not need to muddy the waters with your impressive vocabulary. You have the background, skills, and knowledge to bring to the table. All resumes offer an equal opportunity to show who you are. Your goal is to write it in a professional manner that emphasizes your qualities and grabs the reader's attention. The format you choose is your tool to reach that goal. You can look for resumes that appeal to you online. Be selective of the website you use, as you do not want a cookie-cutter resume. Look for a quality sample resume, and you will be at the head of the pack from step one. What your resume needs to include? When you find a resume sample that you like, you will start filling it with your personal data. Of course, that includes your name, address, and contact information. After that, you can write a brief summary of what you do and what you aspire to do in the future. This lets the reader make a first impression about you. You will go on to add your education and any specialized training you may have completed. Do not stretch the truth here. These things are easily verified online. Next is your work history. Write down where you worked, what your achievements are and how you advanced your career within the company (if relevant). You do not have to explain why you left unless the employer specifically asks. If they do, be careful not to disrespect or criticize the company you left. If you left because you did not get a promotion, you can say that you want to work for a company that offers more opportunities for career growth. Finally, you may be asked for references. Do not list references on your resume. Instead, send your resume with “References available upon requests.” Conclusion: Use a high-quality resume format. Be straightforward and honest. Bonus tip: If you are applying for a job offered by your current company’s competitor, do not hint that you are willing to give them insider tips. You have to show respect for the industry and be professional. That will take you much further in the business world. Read More: 5 Common Resume Mistakes You Should Avoid. How to Write an Effective Resume that Get Noticed? Tips on Building Your Resume for a Website Design Company.

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

What Does Economics Entail?