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Written by Mohit Mittal
Feb 05, 2026

Economist-Scope, Qualification & Growth

The economist is an important person now because of the way the world is connected and the economy is all linked together. The economy is really important for any government to keep going. So economists are right in the middle of talking about politics and arguing about things and helping the government make decisions, about the economy. The economy is what matters and that is why economists are so important today they are the ones who help the government make economic policies. The work of an economist is really interesting to a lot of people. Economists like to learn from them and do research. Nowadays being an economist is a cool job that a lot of young people want to have. It is a way for people to use their brains and think deeply about things.

To be an economist you have to work very hard but it is worth it because you can have a great career, as an economist. This job is really tough because it needs you to be perfect work hard and have a lot of patience. You have to be very good at what you do. That takes a lot of effort and time. The profession demands perfection, hard work and a high level of patience from the people who are, in this profession.

Economist Eligibility

People who want to join the Bachelors degree programme need to do one thing. They should have passed the 10+2 exam or an exam that is equivalent, to it. They must have gotten at 50 percent marks when all their marks are added together. This is what some of the colleges want. It is also necessary that they have studied economics at the 10+2 level. The Bachelors degree programme is what they want to join.

Economist Required Skills

  • To do his job well an economist needs to be good at understanding things and working with statistics. An economist should also be confident when faced with tasks and be able to make sense of the information given to them.
  • So to learn these things or to get better at them an economist can take a course that is made for people who want to be an economist, as their career. This will help an economist get the skills they need to be successful.
  • People should be able to understand written sentences and paragraphs in work-related documents. They need to know what these written sentences and paragraphs in work-related documents are saying. This is important for work-related documents. Understanding written sentences and paragraphs, in work-related documents is very important.
  • People should be able to check the performance of their work or the work of other people or organizations to make things better or to fix problems. They need to be able to monitor the performance of their work and the work of other individuals to see what is going well and what is not. They also need to be able to check the performance of organizations to make sure everything is working correctly. This way they can make improvements to the performance of their work the work of other people or organizations or they can take action to fix any problems they find with the performance of their own work or the work of other individuals or organizations.

How to become an Economist?

To be an Economist one has to follow the given steps:

Step 1 : People study economics as part of a big degree program. This program is usually called a Bachelor of Arts in Economics or a Bachelor of Science in Economics. Economics is a part of these programs like the BA in Economics or the B.Sc, in Economics.

  • So when you are studying for your degree you can choose this as your subject, like an Honours or major subject during the time you are, in college getting your graduation degree.
  • In the three year course for Honours students learn about economic theory, public finance, taxation how businesses are organised, international trade, financial systems and banking and things like that. The Indian economy is given importance in this course. Students get to know a lot, about the economy in the three year Honours course.

Step 2 : When you finish this three year course you will know a lot about all the parts of economics. Then you can get a job in a company or in the government as an assistant economist. Economics is a field. You can also choose to keep studying and get a Master of Arts in Economics or a Master of Science in Economics. After that you can even get a PhD in Economics. This will help you become an expert, in economics.

Some of the top institutes providing courses in Economics

  • Indian Institute of Economics
  • Delhi School of Economics
  • Symbiosis School of Economics

Economist Job Description

  • The job of economists includes looking at how goods and servicesre made, sold and used. They want to make sure everything is done in a way that gets the results. This means using things like materials, land and money in the best way possible. Economists also have to make use of people, technology and other important things that are not always available.
  • Economists do research. Keep an eye on things like how much people want certain goods and services how much they cost and what is happening with businesses. They also look at things like exchange rates, taxes, employment rates, inflation and the cost of materials. By doing this economists can help people make decisions about how to use resources, like raw materials, land and money. This is what economists do to achieve their goals.
  • The work of economists is used in areas of our lives such as business, finance, government, crime, education, the family, health and law policies. This is what makes the field of economics a career-oriented social science field. The study of economics is really important, in our society. That is why economists are needed in so many different fields, including business, finance, government and education and even in the family, health and law policies.

Economist Career Prospects

  • When you have a degree in economics you can get a lot of jobs. A person who graduates with an economics degree can apply for jobs in banks, finance companies, insurance companies and the stock market. They can also work in sales and marketing. Big companies like consulting firms and government offices also hire people with economics degrees. Economics degrees are really useful, for getting a job.
  • People can also start their career, with government companies, public undertakings, investment firms, business journals and newspapers. They can work for government companies or public undertakings or investment firms or business journals or newspapers. Government companies and undertakings and investment firms and business journals and newspapers are all places where people can begin their career.
  • The Indian Economics Services and Reserve Bank of India are really choices, for people who want to work in government services. People who want to join government services can consider the Indian Economics Services and Reserve Bank of India as options.
  • Economics students have a lot of options. They can do something, than economics. For example economics students can choose to do journalism or law. This helps economics students to have career opportunities. Economics students can do things with their degree, not just economics.
  • People can also become teachers, at colleges, universities and professional institutions. They can teach at these colleges, universities and professional institutions as a career. Teaching is something that people can do at these colleges, universities and professional institutions.
  • Students who study economics have another option to think about, which is consulting. The private sector is where economists can really grow and do well in scientific research and consulting firms. When you think about it the world economy is becoming more connected. This gives people who study economics a lot of chances to work in international financial institutions and do research. Economic consulting and research are interesting fields for students, from an economic background to consider.

Economist Salary

In todays world an Economist should get a salary. This is because we are living in a time where countries are opening up and working with each other. An Economist can work in the government or, in a company. If they work in the government they usually get paid around Rs. 20,000 To Rs. 25,000 Per month as an assistant.. If they are experienced and have been working for a long time like senior Economists they can get around Rs. 30,000 Per month on average.
In colleges and universities, economics teachers are getting Rs. 50,000 to Rs. 70,000 depending upon seniority. In the case of the private sector, salaries are even higher. Economic consultants are also earning good returns depending on the number of their clients.

Frequently Asked Questions

An Economist is a professional who studies economic data, market trends, and policies to analyze and predict economic outcomes.
You need a bachelor’s degree in Economics, followed by a master’s degree. A PhD is required for research and academic roles.
BA/BSc in Economics and MA/MSc in Economics are the most preferred courses.
Analytical thinking, statistical skills, data analysis, research ability, and economic theory knowledge are essential.
Entry-level salaries range from ₹5–8 LPA, while experienced economists can earn ₹20 LPA or more.

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