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.

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Red flags of a job interview: 8 reasons to turn down an offer

Changes are exciting, but they also fill us with doubts. Do you know an old English proverb, "better the devil you know than the one you don't know"? Many will argue with it, as knowing any bad information on anything is more of a repulsive factor than a reassuring one, but still, going into a new work environment is scary. What if the reality is different from what you've been told in a job interview? Does logic drive your decisions, or are you just following your emotions? Will your life improve after accepting the offer? Changing jobs is stressful enough for any employee, especially if it is done more because of the external circumstances, but it may sometimes provoke regretful thoughts after getting to work. This happens mostly because the hiring managers often describe the work environment better than it really is to create fake impressions and help the candidate 'swallow the bait.' Do you want to see the company as it is and be able to detect the so-called 'red flags' from the very beginning? If your answer is 'yes,' this article is just what you need! 8 Prime Reasons For Job interview Red Flags 1. Inaccuracy and hesitation Let's start from the most logical part: we all seek clear and honest answers while asking about the corporate values and important job conditions. If the hiring manager tries to avoid the direct answer to your questions, gets defensive, stammers, or even hesitates, it might be a sign that something is fishy 2. No consistency between the interviewers The best way to detect red flags in any recruitment process is to ask different employees the same questions. During your job search, you may be involved in a multi-leveled interview process, so this is the best way to double-check the facts the recruiters told you. No matter who you are speaking with, whether it is a top manager or a regular employee, asking similar questions at meetings with them is a great way to check if the answers coincide. If the main point of all the answers stays the same, but with different wording and perspective, it's even better, as it helps to build a complete picture of certain aspects of the company. But you have to be suspicious if the answers cardinally differentiate from one or the other or are directly contradictory. For example, the recruiter says they are seeking someone who could integrate a words to pages converter tool like this into a corporate site. Still, the team lead mentions that you should also create it from scratch, run all the tests yourself and integrate it. It seems to be a far bigger job than you expected, right? Or just the lack of understanding and communication between employees. 3. Completely altered information from what you saw in the job description If you find out that the conditions and your functions as an employee are different from what you saw in a job description before sending a CV, it is also a good indicator of something being wrong in the company. Sometimes the hiring team tends to embellish the real work conditions to attract more specialists. Still, if the interview points out that the real expectations differ from the description, it is confusing and shows the company's lack of professionalism. Who knows, maybe the salary here is also not that high, and the collective turns out to be problematic. 4. The selection progress takes an eternity No matter the reason, slow and time-consuming selection processes are signs of faulty organization. If the final decision requires too much time or the number of job interviews knows no end, you might have a thought or two about the adequacy of the company's scheduling or requirements. A healthy recruitment process should never take longer than a few months. 4-5 interview sessions are more than enough to learn about the candidate's skills and helpful personality traits, but exceptions also happen. You Consider Going Through Some High Paying Energy Jobs We've Sorted. 5. Constant rescheduling of the meetings Let's get things straight: we are no robots, and changing plans is fine in some serious unplanned circumstances. Having a rescheduled job interview is fine, but it gets really suspicious if the recruiter changes the date several times in a row. Accepting an offer from a company with a poor organization may lead to neglecting a new employee's time and needs further on. It is way better to spend more time searching for a more organized team and getting all the necessary work-life balance. 6. Poor or toxic internal relationship If some of the interviews in the selection process involve people from different departments, observing their interactions with each other may be helpful to see the overall atmosphere in the company. Any signs of criticism, arguments, repulsive non-verbal language, or out-of-place cruel remarks may be a sign of tension or toxicity between colleagues, so if you value friendliness and positivity, it may not be the collective you are looking for. 7. Any signs of discriminative behavior These are the easiest to detect. If you detect unnecessary, discriminatory questions or mentions of sensitive topics like religion, gender identity, race, etc., it shows that discrimination is regular for this company. It is not only offensive for you as a specialist but may also be uncomfortable for you to survive in a collective like this. Remember: you spend most of your adult life at work, so it must not harm your psychological well-being, even with a high salary rate offered. 8. Your personal feelings and comfort Professional Job interviews involve a conversation between any amount of people where they try to know more about each other and the environment that surrounds them through both verbal and non-verbal signs. Suppose you feel uncomfortable in the process for whatever reason (it may be the recruiter's questions, gestures or personality, the room you are in, future work conditions, or even a reason you haven't figured out yourself). In that case, it is also a legit factor for you to move on and find yourself in a more appealing position. Of course, if some of you have had a rough day and could not connect or have a decent conversation with the recruitment team or any other employee once, it is not the reason to cross the company out of the list. Still, if you feel out of place all the time, you have the right to move on and look for professional happiness elsewhere. Additionals: Clicka Jobs USA – Why It Is Making Headlines?Part Time Job To Consider In Singapore During Covid-19How to Get a Job as a Pharmaceutical Sales Representative9 Best Entry Level Marketing Jobs When Starting Your Career

B.Sc. Agriculture- An emerging career option in India

B.Sc. Agriculture is a program that is intended to bring expertise in cutting-edge techniques and technologies in the field of agriculture with special emphasis on sustainable and smart agricultural methods. The core curriculum of this course involves the study of horticulture, animal science, soil science, food technology, entomology, agronomy, plant pathology, genetics, and plant breeding. They focus comprehensively on field visits because the only way to impart agricultural knowledge is through experimental learning. B.Sc. Agriculture degree offers a rewarding career in the field of research and development. Here is the list of some of the lucrative career options one can avail after pursuing a bachelor’s degree in agriculture. Here are B.Sc. Agriculture- An emerging career option in India: 1. Actuarial Analyst: The role of an actuarial analyst is to estimate the probability of catastrophic events including earthquakes, hurricanes, and pandemics to assess the risk in revelation to insurance companies. They work in insurance companies to design pension and investment plans. 2. Agriculture Technical Service Manager: They work closely with seed companies within the boundaries of UPL (United Phosphorus Limited) products, chemical, and seed technologies to promote productivity, growth, and usage. They are also responsible for responding to technical service inquiries from customers as well as clients. 3. Agronomist: Agronomists are involved in the study of developing new ways to improve farming techniques by conducting research to combat the complex issues revolving around the agricultural industry. This job role requires a self-motivated and detail-oriented individual possessing excellent analytical skills to handle sales stages, grower accounts, and CRM tools amongst many other responsibilities. 4. Agricultural Lecturer: A lecturer in agricultural studies needs to be abreast of the latest developments in the field by agriculture by evaluating literature and contributing time to scientific conferences. They have to prepare course material, deliver lectures, supervise laboratory sessions to conduct research and publish their findings in the form of professional journals. 5. Research Associate: The role of an agricultural research associate is to plan and coordinate various clinical research trails under his supervision in a laboratory. The projects may involve the development of improved ways of food production, animal husbandry, farming, and disease control operations. 6. Rural Development Officers: They plan, develop, and act as a regulatory body for regional rural issues pertaining to agriculture. Promoting financial literacy issues and to uproot them from their root causes for the betterment of society is one of their core principles. They are employed in banks and insurance sectors as junior agricultural associates, field officers, agricultural and probationary officers by different public and private banks of India. Apart from the aforementioned roles, B.Sc. Agriculture plays a strong foundation for plenty of job opportunities as agriculture portfolio managers, program managers, agriculture officers, research or fundamental analysts, primary production managers, farming consultants, associate managers, subject matter specialists, management executives, marketing executives, and project managers amongst many others. If you are looking for B. Sc. agriculture admission details, then research for best universities in India and explore the diverse field of agricultural advancements. Read Also: 8 Family Friendly Careers That Offer Great Pay and Work-Life Balance Finding Your Dream Career: 5 Useful Tips for you to Research about a Company Before You Apply

How to Get a Job as a Pharmaceutical Sales Representative

Are you passionate about both business and science? Do you want to improve the lives of people suffering from various illnesses by providing them with access to innovative treatments and technologies? Then being a pharmaceutical sales representative may be the perfect job for you! Being a pharmaceutical sales representative (PSR) is a gratifying and highly desirable job. By educating healthcare professionals on the latest advancements in the industry, PSRs can indirectly get patients medications that could significantly improve their lives. If you’re considering becoming a PSR, here are a few things you should know about the position and how you can land your first job. What Does a Pharmaceutical Sales Representative Do? Pharmaceutical sales repswork for a pharmaceutical company to promote their products to various healthcare practitioners and educate them on new developments in the industry. Like any job in sales, the representative must seek out business opportunities, promote the product, and develop customer relationships to become successful. The job can pay exceptionally well and often provides flexible hours, making it an extremely sought-after position. Because of this, working with the best pharmaceutical sales recruiters is the best way to land a great job. There are several specialties within the field of pharmaceutical sales. Choosing a specialty that interests you will benefit your success as a PSR. Specialties include: Medical devices Medical equipment Pharmaceuticals Education Requirements Entry-level pharmaceutical sales jobs will require at least a bachelor’s degree. While some companies won’t care what your degree is in, others will prefer it be in either science or business. Because of how competitive jobs in this field are, having an MSc or an MBA will put you a step ahead of the competition for landing a job. Some companies or higher-level positions may even require you to be a registered nurse or pharmacist. Essentially, the deeper your understanding of various medications and how they affect the body, the better you will be as a PSR and the more desirable you will be as a new hire. Experience in The Field Having sales experience can be important in securing a job as a PSR. Additionally, having experience interning for a company in the industry or shadowing someone who is already established in their career as a PSR could give you a leg up on your competition when applying for jobs. Networking is an excellent way of getting your foot in the door, connecting with people in the field, learning about new job opportunities, and asking informal interview questions to learn about the industry. Skills and Qualities Being a pharmaceutical sales rep requires a lot of the same skills and qualities as most other sales jobs. This includes being self-motivated, having excellent communication and people skills, and having a business mindset. A good salesperson can take initiative and work both independently and as part of a team. They also are able to handle rejection well and not let setbacks affect their future performance. On top of those skills and qualities, you must also have a strong understanding of science and medication to be a PSR specifically. Read Also: How to Develop A Healthcare App? Top Non-Physician Career Opportunities in the Healthcare Sector in 2021 How Cutting Edge Technology is Helping Dubai Improve its Healthcare Services Where Do Healthcare Companies Buy TVs In Bulk? Healthcare Jobs That Will Be Most in Demand 2020–2025

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

What Does Economics Entail?