Scope of MA Economics and 20+ Job Opportunities in 2025 (With Steps to Secure One)

Did you know that the  global economy is expected to grow by 3%, creating a rising demand for skilled economists? An MA in Economics opens up diverse opportunities, enabling you to analyze different types of data and make informed decisions across sectors like policy, finance, and research. 

As the scope of MA Economics continues to expand, selecting the top career path is more important than ever. With opportunities ranging from research roles to corporate strategy, it's essential to align your skills with your interests. 

In this article, we’ll explore 20+ top career options and provide guidance on how to make the most of your degree in today’s evolving economic environment.

Top 20+ Job Opportunities and Scope of MA in Economics for 2025

As an MA Economics graduate, you might feel that your career options are mostly limited to academia or government roles. However, the scope of MA Economics is expanding rapidly in 2025. 

Beyond traditional roles, new opportunities are emerging in data science, global consultancy, corporate strategy, and financial analysis — making the possibilities broader than ever.

To simplify things, this guide breaks down the scope of MA Economics and top career paths into clear categories. 

Here’s a quick overview to help you choose the right path:

Career Option	Average Base Salary (INR)
Economist	INR 11L
Financial Analyst	INR 6L
Market Research Analyst	INR 5L
Risk Analyst	INR 7L
Policy Analyst	INR 8L
Trade Analyst	INR 5L
Data Analyst	INR 6L
Statistician	INR 4L
Economics Teacher	INR 3.4L
Lecturer	INR 3.1L
Professor	INR 12L
Investment Consultant	INR 6L
Research Analyst	INR 5L
UN Economic Specialist	INR 12L (Varies with experience and levels)
IMF Economist	INR 41.2L (Varies with experience and levels)
RBI Economist	INR 26.5L (Varies with experience and levels)
Indian Economic Services Officer	INR 6.7L (Varies with experience and levels)
Financial Controller	INR 20L
Marketing Manager	INR 12.1L
Investment Banker	INR 11L
Corporate Strategy Analyst	INR 18L
Project Manager	INR 15L
Actuary	INR 10L
Stock Broker	INR 3L

Source(s): Glassdoor, AmbitionBox

Impressed by the variety of options? Don't worry — you don't have to choose right away. 

Take your time, assess your strengths and passions, and align them with your career goals. 

Curious to know about MA in Economics scope? Read On.

Top Job Opportunities After MA Economics

Not every economist works in a suit behind a desk—some are shaping policies and influencing industries from the ground up. Careers in economics are ideal for those who enjoy using data to solve real-world problems. These roles are not only intellectually rewarding but also in high demand.

Here, explore some of the top job opportunities for economists in 2025.

Economist

Average Annual Salary: INR 11L

As an economist, you'll provide data-driven insights that help governments and organizations understand and tackle economic challenges. Whether it’s analyzing market trends or forecasting economic conditions, you’ll play a key role in shaping strategic decisions.

In this position, here’s everything you can expect.

• Eligibility Requirements: Master's in Economics or related field, with proficiency in economic modeling and analysis, and strong analytical thinking skills and attention to detail.
• Skills Required: Expertise in statistical tools (e.g., Excel, R), strong communication skills for presenting findings, and the ability to think critically and solve complex problems.

Excited about this career path? Check out the top employers seeking Economists.

Company Name	Industry	City
Tata Consultancy Services	Consulting	Mumbai
State Bank of India	Banking	New Delhi
Reserve Bank of India	Government/Banking	Mumbai

Want to master economics? Enroll in UpGrad's Economics Masterclass Online Courses and learn from industry leaders to enhance your skills!

Financial Analyst

Average Annual Salary: INR 6L

Financial analysts evaluate financial data, trends, and investment opportunities, providing essential insights to businesses and organizations. Your recommendations will directly influence financial strategies and decision-making.

If financial planning excites you, here’s what to expect.

• Eligibility Requirements: Master's in Finance or Economics, with knowledge of financial analytics and valuation techniques, and strong analytical thinking and attention to detail.
• Skills Required: Proficiency in Excel and financial analysis tools, a strong understanding of accounting and finance principles, and excellent attention to detail and organizational skills.

Confused where to start? Check out these top companies actively recruiting Financial Analysts in India.                                

Company Name	Industry	City
HDFC Bank	Banking/Finance	Mumbai
ICICI Securities	Finance/Investment	Bangalore
Bajaj Finance	Financial Services	Pune

Ready to start? A course in Financial Analysis from UpGrad can give you the tools you need to break into this rewarding career.

Market Research Analyst

Average Annual Salary: INR 5L

Market research analysts collect and interpret data to help businesses understand their customers, competitors, and overall market trends. Your work will influence everything from product development to marketing strategies.

If you enjoy research and data analysis, this career could be your next big move.

• Eligibility Requirements: Master's in Marketing, Business, or Economics, with knowledge of survey techniques, top data analysis skills and tools, and the ability to interpret complex data.
• Skills Required: Expertise in research techniques and tools, strong analytical and data interpretation skills, and the ability to present findings clearly and concisely.

Check out these top recruiting companies for Market Research Analyst in India.

Company Name	Industry	City
Nielsen	Market Research	Gurgaon
Kantar	Consulting/Market Research	Delhi
ZS Associates	Consulting/Pharmaceuticals	Pune

Also Read: How To Do Market Research – [Ultimate Guide]

Risk Analyst

Average Annual Salary: INR 7L

Risk analysts identify and assess potential risks in various areas, including finance, operations, and market conditions. Your work helps organizations minimize threats and navigate complex challenges.

Intrigued by the idea of predicting and mitigating risks? Here’s what the role involves.

• Eligibility Requirements: Master's in Risk Management, Economics, or Finance, with knowledge of risk management software and strategies, and strong analytical and problem-solving skills.
• Skills Required: Expertise in risk analysis tools, strong decision-making and problem-solving abilities, and the ability to work under pressure and meet deadlines.

Top companies in India regularly hire Risk Analysts. Here’s a list of some of the best-known employers in this field.

Company Name	Industry	City
Axis Bank	Banking/Finance	Mumbai
Reliance Industries	Conglomerate	Mumbai
EY (Ernst & Young)	Consulting	Bangalore

Policy Analyst

Average Annual Salary: INR 8L

Policy analysts research and assess policies that affect sectors like education, healthcare, and economic development. Your findings will directly contribute to shaping government decisions and strategies.

If policy and governance fascinate you, here’s what you can expect.

• Eligibility Requirements: Master's in Public Policy, Economics, or related field, with a solid understanding of policy analysis and governance, and strong writing and research skills.
• Skills Required: Strong research and writing abilities, the capacity to analyze complex data, and effective communication and presentation skills.

Here are some top employers looking for Policy Analysts.

Company Name	Industry	City
NITI Aayog	Government/Public Policy	New Delhi
PwC India	Consulting/Policy	Mumbai
Centre for Policy Research	Research/Think Tank	Delhi

Trade Analyst

Average Annual Salary: INR 5L

Trade analysts keep a close eye on global trade trends, helping businesses fine-tune their trade strategies and tackle the challenges of international commerce. You’ll be diving deep into market shifts, trade policies, and global supply chain management to give businesses the edge they need.

Here's a quick overview of what you can expect.

• Eligibility Requirements: A Master’s in Economics, International Business, or related field, with expertise in trade laws and market trends, along with strong analytical and communication skills.
• Skills Required: Strong knowledge of international trade laws, excellent research and analysis skills, and the ability to communicate complex information clearly.

Ready to take the next step in your career? Check out these top companies hiring Trade Analysts in India.

Company Name	Industry	City
Adani Ports & SEZ	Trade/Logistics	Ahmedabad
Mahindra & Mahindra	Conglomerate/Trade	Mumbai
Port of Kolkata	Shipping/Trade	Kolkata

Scope of MA Economics in Data and Statistics

With an MA in Economics, you can tap into a range of opportunities in data analysis and statistics. Let’s explore how this degree can shape your career.

Data Analyst

Average Annual Salary: INR 6L

Data analysts gather, interpret, and transform data into actionable insights that drive business strategies. Your work will guide organizations in making data-driven decisions that improve efficiency and performance.

If analyzing data and discovering trends excite you, here’s a glimpse of the role.

• Eligibility Requirements: Master’s degree in Data Science, Statistics, or related field, with proficiency in data analysis tools and strong problem-solving skills.
• Skills Required: Proficiency in data analysis software (Excel, Python, R), attention to detail, and strong communication skills to present complex data simply.

Thinking this is the career for you? See where you could work next.

Company Name	Industry	City
TCS	IT/Consulting	Mumbai
Infosys	IT/Consulting	Bangalore
Accenture	Consulting/Technology	Gurgaon

Ready to level up your career? Enroll in UpGrad’s Data Analysis Course and start mastering the skills employers are looking for!

Statistician

Average Annual Salary: INR 4L

Statisticians use mathematical models and data analysis techniques to solve real-world problems. Whether in research, government, or private industry, your role will involve analyzing data and helping organizations make informed decisions.

Here’s what you’ll be doing in this field.

• Eligibility Requirements: Master’s degree in Statistics, Mathematics, or related field, with experience in statistical software and data modeling.
• Skills Required: Advanced knowledge of statistical techniques, expertise in software like SAS, SPSS, or R, business statistics and the ability to communicate findings effectively.

Excited to join this career path? See who’s hiring for this role.

Company Name	Industry	City
ICICI Bank	Banking/Finance	Mumbai
DRDO	Government/Research	New Delhi
Nielsen	Market Research	Gurgaon

Scope of MA Economics in Academic and Teaching

With an MA in Economics, you can unlock a range of opportunities in academia and teaching. Let’s explore how this degree can lead you to a fulfilling career in education.

Economics Teacher

Average Annual Salary: INR 3.4L

Economics teachers shape the minds of future economists, guiding students through the complexities of economic theories, models, and real-world applications.

If you enjoy teaching and sharing your knowledge of economics, this could be the right fit for you.

• Eligibility Requirements: Master’s degree in Economics, with a strong grasp of economic concepts and teaching methods.
• Skills Required: Strong communication and presentation skills, the ability to simplify complex concepts, and a passion for teaching.

Looking to take your skills further? Check out top hiring institutions.

Company Name	Industry	City
Delhi University	Education	New Delhi
Symbiosis University	Education	Pune
St. Xavier’s College	Education	Mumbai

Lecturer/Professor

Average Annual Salary Lecturer: INR 3.1L

Average Annual Salary Professor: INR 12L

Lecturers and professors in economics teach students at universities and colleges, conduct research, and contribute to academic growth in the field of economics.

If academia is where you want to make your mark, here’s what you can expect.

• Eligibility Requirements: PhD in Economics, a strong research background, teaching experience, UGC NET qualification, and academic publications.
• Skills Required: Excellent teaching and communication skills, research capabilities, and the ability to stay updated with the latest economic trends.

Ready to start? Check these out.

Institution Name	Industry	City
All Universities	Education	Pan India
JNU	Education/Research	New Delhi
IITs, NITs	Education/Research	Pan India

Scope of MA Economics in Consultancy and Research Sector

With a background in MA Economics, you can explore diverse career paths in consultancy and research. Here’s how this degree can help you excel in these fields.

Investment Consultant

Average Annual Salary: INR 6L

Investment consultants provide expert advice on investment strategies, helping clients maximize returns while managing risks. This role involves analyzing market trends and identifying profitable investment opportunities.

If you have a passion for finance and enjoy helping others make smart investment decisions, this could be your ideal role.

• Eligibility Requirements: Master’s degree in Finance, Economics, MBA in Finance or related field, with experience in financial planning and analysis.
• Skills Required: Strong understanding of financial markets, excellent analytical skills, and the ability to build client relationships.

Excited to start? Look at the top employers hiring for this role here.

Organization Name	Industry	City
HDFC Bank	Banking/Finance	Pan India
ICICI Securities	Finance/Investment	Pan India
Kotak Mahindra Bank	Banking/Investment	Pan India

Research Analyst

Average Annual Salary: INR 5L

Research analysts specialize in collecting data, modeling and deployment, analyzing trends, and providing insights to businesses and governments to inform strategic decisions.

If you have a strong analytical mindset and enjoy uncovering patterns, here’s what the role involves.

• Eligibility Requirements: Master’s degree in Economics, Statistics, or related field, with strong analytical and research skills.
• Skills Required: Strong research and analytical skills, proficiency with research tools, data science and the ability to present data clearly.

Ready to dive into this role? Here’s where you could land next.

Company Name	Industry	City
EY (Ernst & Young)	Consulting/Research	Bangalore
KPMG	Consulting	New Delhi
McKinsey & Company	Consulting	Mumbai

Scope of MA Economics in International and Global Job Opportunities

A degree in MA Economics opens doors to various international and global career opportunities. Here’s how this qualification can help you succeed on the global stage.

UN Economic Specialist

Average Annual Salary: INR 72L (Varies with experience and levels)

UN Economic Specialists work with international organizations to analyze global economic issues and contribute to policy formulation on a global scale. Your work will focus on tackling issues such as poverty, inequality, and economic development.

If you are passionate about global economic issues, this role is for you.

• Eligibility Requirements: Master’s degree in Economics or related field, with experience in international economics or development policy.
• Skills Required: Strong research skills, knowledge of international economic policies, and the ability to work with diverse stakeholders.

Want to take off in this career? Start here.

Organization Name	Industry	City
United Nations	International/Policy	New York
UNDP	International	New Delhi
UNESCO	International	Paris

IMF Economist

Average Annual Salary: INR 41.2L (Varies with experience and levels)

IMF Economists analyze global financial trends, provide policy advice to member countries, and work to stabilize the global economy. Your work will directly contribute to shaping global economic policies.

If you are eager to make an impact on a global scale, here’s what the role involves.

• Eligibility Requirements: Master’s or PhD in Economics, Knowledge of MBA in Finance syllabus with a focus on macroeconomics or international finance, and extensive research experience.
• Skills Required: Expertise in macroeconomics, strong analytical skills, and the ability to communicate complex ideas effectively.

Passionate about this career? Explore the top employers seeking talent.

Organization Name	Industry	City
International Monetary Fund	International	Washington D.C.
World Bank	International	Washington D.C.
UNESCO	International	Paris

Scope of MA Economics in Government Sector

Holding an MA in Economics opens up several career opportunities within the government sector. Here’s how this degree can lead to a rewarding role in public service.

RBI Economist

Average Annual Salary: INR 26.5L (Varies with experience and levels)

RBI Economists analyze India’s economic trends, formulate policies, and contribute to shaping the country’s monetary policy. Your insights will be key to ensuring financial stability and promoting economic growth in India.

If you are passionate about India's economy, this role might be your next move.

• Eligibility Requirements: Master’s degree in Economics, with experience in economic research, data analysis, and monetary policy.
• Skills Required: Strong research and analytical skills, knowledge of macroeconomic policies, and the ability to communicate complex economic concepts.

Check out the table below to see where you can apply.

Organization Name	Industry	City
Reserve Bank of India	Government/Banking	Mumbai
State Bank of India	Banking	Mumbai
UNESCO	International	Paris

Also Read: How do I get a job in the Banking Sector in India?

Indian Economic Services Officer

Average Annual Salary: INR 6.7L (Varies with experience and levels)

Indian Economic Services Officers contribute to economic planning and policy formulation in government sectors. Your work will influence national policies and drive the country’s economic development.

If public service and economic policy interest you, here’s what you can expect.

• Eligibility Requirements: Master’s degree in Economics, with extensive knowledge of Indian economy and public policy.
• Skills Required: Strong analytical skills, knowledge of Indian economic policies, and the ability to prepare detailed reports.

Ready to apply? Start here

Organization Name	Industry	City
Government of India	Government/Economic	New Delhi
Ministry of Finance	Government/Economic	New Delhi
McKinsey & Company	Consulting	Mumbai

Scope of MA Economics in Corporate Sector

A degree in MA Economics opens up a range of opportunities in the corporate sector. Here’s how this qualification can help you build a successful career in business and management.

Financial Controller

Average Annual Salary: INR 20L

Financial controllers manage a company’s financial operations, ensuring accuracy in financial reporting and compliance with regulations. Your role is vital in overseeing financial statements, managing budgets, and guiding business strategy.

If you're detail-oriented and have a knack for financial management, here's what the role entails.

• Eligibility Requirements: Master’s in Finance, Accounting, or related field, with experience in financial, marketing management and accounting software.
• Skills Required: Strong analytical skills, attention to detail, proficiency in accounting software, and the ability to communicate complex financial data.

Check out the table below to see where you can apply.

Company Name	Industry	City
HDFC Bank	Banking/Finance	Mumbai
Accenture	Consulting	Bangalore
Tata Group	Conglomerate	Mumbai

Marketing Manager

Average Annual Salary: INR 12L

Marketing managers oversee the creation and execution of marketing strategies that drive brand awareness and sales. Your role will involve working closely with various teams to ensure that the brand’s message is clear and engaging.

If you are creative and strategic, this is the role for you.

• Eligibility Requirements: Bachelor’s or Master’s degree in Marketing, Business, or related field, with experience in digital marketing and campaign management.
• Skills Required: Strong leadership abilities, excellent communication skills, creative thinking, and a deep understanding of digital marketing tools.

Take a look at the table below to explore where you can apply.

Company Name	Industry	City
Coca-Cola India	FMCG	Gurgaon
Unilever	FMCG	Mumbai
Mindshare	Advertising	New Delhi

Investment Banker

Average Annual Salary: INR 11L

Investment bankers assist organizations in raising capital, managing mergers and acquisitions, and providing financial advisory services. Your work will require a keen understanding of market trends and financial strategies.

If you are analytical and thrive in a fast-paced environment, here’s what you’ll be doing.

• Eligibility Requirements: Master’s in Finance or related field, with a strong background in financial analysis, modeling, and investment strategies.
• Skills Required: Strong financial modeling skills, knowledge of the stock market, and the ability to negotiate and communicate effectively.

Here’s a glimpse at top companies to apply.

Company Name	Industry	City
Goldman Sachs	Banking/Finance	Mumbai
Morgan Stanley	Investment Banking	Bangalore
Barclays	Banking/Finance	Mumbai

Also Read: How to Become an Investment Banker in India? Complete Guide

Corporate Strategy Analyst

Average Annual Salary: INR 18L

Corporate strategy analysts work closely with senior management to analyze market trends, assess business performance, and recommend strategies for growth. Your insights will play a key role in shaping the company’s long-term direction.

If you enjoy strategic planning and market analysis, check below..

• Eligibility Requirements: Bachelor’s or Master’s degree in Business Administration, Economics, or related field, with a background in strategic planning and analysis.
• Skills Required: Strong analytical skills, excellent communication abilities, and expertise in market research and data interpretation.

 Here are the top companies seeking your skills in this career.

Company Name	Industry	City
McKinsey & Company	Consulting/Strategy	Mumbai
BCG	Consulting	Bangalore
Deloitte	Consulting/Strategy	New Delhi

Project Manager

Average Annual Salary: INR 15L

Project managers oversee projects from initiation to completion, ensuring that they are delivered on time, within scope, and within budget. Your leadership skills will be key in coordinating teams and managing resources.

If you’re organized and enjoy working with cross-functional teams, here’s what the role involves.

• Eligibility Requirements: Bachelor’s degree in Engineering, Business, or related field, with experience in project management and proficiency in project management tools.
• Skills Required: Strong organizational skills, leadership abilities, and expertise in project management methodologies.

Check out the top companies looking for Project Managers.

Company Name	Industry	City
Infosys	IT/Consulting	Bangalore
Larsen & Toubro	Construction/Engineering	Mumbai
Accenture	Consulting/Technology	Gurgaon

Also Read: Best Project Management Courses & Certification Online in 2024

Actuary

Average Annual Salary: INR 10L

Actuaries analyze financial risks using mathematics, statistics, and financial theory to help organizations make informed decisions regarding insurance, pensions, and investments.

If you enjoy working with data and solving complex problems, this could be the role for you.

• Eligibility Requirements: Master’s degree in Actuarial Science, Mathematics, or related field, with professional certification (e.g., IAI, IFoA).
• Skills Required: Strong analytical and mathematical skills, proficiency in actuarial software, and attention to detail.

Here are the top companies hiring for this role.

Company Name	Industry	City
LIC India	Insurance	Mumbai
SBI Life Insurance	Insurance	Mumbai
Max Life Insurance	Insurance	Delhi

Stock Broker

Average Annual Salary: INR 3L

Stock brokers buy and sell securities on behalf of clients, guiding investment strategies and ensuring clients' portfolios are well-managed to meet their financial goals.

If you’re analytical and have a passion for the stock market, this role could be your ideal fit.

• Eligibility Requirements: Bachelor’s degree in Finance, Economics, or related field, with certifications like NISM Series-X and experience in securities trading.
• Skills Required: Strong market knowledge, excellent negotiation skills, and the ability to analyze stock trends.

Here are the employers actively hiring for this role.

Company Name	Industry	City
Zerodha	Financial Services	Bangalore
ICICI Securities	Finance/Stock Market	Mumbai
HDFC Securities	Finance/Stock Market	Mumbai

Best Academic Courses and Certifications to Pursue After MA Economics

Your journey in the economics field begins with choosing the right course, and the options are numerous! 

With an MA in Economics, the possibilities expand, and it's all about finding what excites you and aligns with your career goals. Specialized certifications and advanced courses can further enhance your skills, opening doors to a variety of roles across industries.

Explore these best certifications and courses after an MA in Economics to find what resonates with your aspirations and take your career to the next level!

Chartered Financial Analyst (CFA)

Average Annual Salary: INR 10L

If you want to excel in investment management, the CFA certification will give you the necessary skills. It dives into portfolio management, financial analysis, and investment strategies, preparing you for high-level roles in finance.

Why should you consider the CFA to align with the scope of  MA in Economics? Here’s a snapshot.

• Duration: 2–3 years
• Career Opportunities: Portfolio Manager, Investment Analyst, Financial Advisor
• Benefits:
  • Achieve global recognition in finance and investment.
  • Open doors to high-paying, senior-level positions.
  • Gain a comprehensive understanding of financial markets.

Also Read: How to Become Financial Advisor? How to Become, Salary, Qualifications, Skills [2024]

Certified Economic Development (CEcD)

Average Annual Salary: INR 5.5L 

The CEcD certification allows you to specialize in economic development. You’ll learn how to improve business retention and drive growth in communities, making you an asset to local development projects.

Here’s what you can expect from pursuingCEcD.

• Duration: 2 years
• Career Opportunities: Economic Development Officer, Policy Analyst, Economic Consultant
• Benefits:
  • Gain expertise in driving economic growth at the community level.
  • Access career opportunities in both government and private sectors.
  • Build a strong network within the economic development field.

Certified Business Economist (CBE)

Average Annual Salary: INR 5L

The CBE certification lets you apply economic theory to solve real-world business problems. You’ll become proficient in business forecasting and economic analysis, which can set you apart in the corporate world.

Thinking about what's great about CBE? Here's an overview.

• Duration: 1 year
• Career Opportunities: Economic Analyst, Financial Consultant, Economic Advisor
• Benefits:
  • Master the art of applying economic analysis to business challenges.
  • Increase your value as an expert in decision-making and forecasting.
  • Unlock opportunities across a variety of industries.

Master of Business Administration (MBA)

Average Annual Salary: INR 9.8L

An MBA will give you the leadership and management skills needed to thrive in executive roles. With a range of specializations, you can tailor the program to your career ambitions and gain a competitive edge.

Here’s what you need to know about pursuing an MBA.

• Duration: 2 years
• Career Opportunities: Business Analyst, Corporate Strategist, Executive
• Benefits:
  • Develop strong leadership and strategic thinking skills.
  • Enjoy a broad range of career opportunities across all industries.
  • Build an extensive professional network through alumni and business connections.

Looking to advance your career? Enroll in UpGrad’s Online MBA Degree course from the world’s top B-schools and gain the skills to lead in today’s business world!

Financial Risk Manager (FRM)

Average Annual Salary: INR 9L

If you want to focus on risk management, the FRM certification will train you to assess and manage risks across investment portfolios, banks, and businesses. You’ll gain skills in financial regulations and risk analysis.

Here’s why FRM is the best course for economic students.

• Duration: 1 year
• Career Opportunities: Risk Analyst, Risk Manager, Chief Risk Officer
• Benefits:
  • Become an expert in managing financial risks.
  • Gain recognition in both the financial and corporate sectors.
  • Stay in high demand as a risk management professional.

Also Read: Top Certifications for a Successful Career in Risk Management

Certified Management Accountant (CMA)

Average Annual Salary: INR 8.2L

As a CMA, you’ll become an expert in financial decision-making, cost management, and financial reporting. This certification strengthens your ability to optimize financial operations and strategy within organizations.

Here’s why CMA could be the perfect fit for you.

• Duration: 1–3 years
• Career Opportunities: Management Accountant, Finance Manager, Corporate Financial Analyst
• Benefits:
  • Gain specialized knowledge in financial operations and cost control.
  • Enjoy higher job security within the finance and accounting sectors.
  • Achieve global recognition as a financial management expert.

Data Science and Analytics Certification

Average Annual Salary: INR 12L

A Data Science and Analytics certification will equip you with advanced tools to analyze economic trends using big data and machine learning techniques. It’s ideal for anyone interested in turning data into actionable insights.

Here’s why you should go for Data Science and Analytics Certification.

• Duration: 6 months to 2 years
• Career Opportunities: Data Analyst, Economic Analyst, Data Scientist
• Benefits:
  • Master the art of working with large datasets for informed decision-making.
  • Increase your marketability in the growing fields of AI and machine learning.
  • Stay competitive in data-driven industries.

Ready to advance your career in data science? Join UpGrad's Data Science and Analytics course and master the latest tools and techniques!

Certified Public Accountant (CPA)

Average Annual Salary: INR 6L

The CPA certification is the standard credential you need to become a top accountant globally. If you’re aiming for a career in accounting or auditing, the CPA certification equips you with expertise in financial regulations, auditing, and taxation.

Here’s what you can expect from CPA.

• Duration: 2 years
• Career Opportunities: Auditor, Financial Consultant, Tax Consultant
• Benefits:
  • Gain the most recognized certification for accountants worldwide.
  • Stay in high demand for auditing and accounting roles.
  • Open doors to work across various industries and sectors.

Doctorate in Economics (Ph.D.)

Average Annual Salary: INR 7.5L

A Ph.D. in Economics is perfect if you want to lead in research or policy-making. This advanced degree focuses on developing your ability to conduct high-level research and contribute to economic policy development.

Here’s why Ph.D. is a great choice for you.

• Duration: 3–5 years
• Career Opportunities: University Professor, Policy Advisor, Senior Researcher
• Benefits:
  • Gain the credentials needed for high-level academic and research roles.
  • Influence economic policy through advanced research and teaching.
  • Establish yourself as a thought leader in economics.

Master’s in Public Policy (MPP)

Average Annual Salary: INR 5.9L

If you want to shape public sector decision-making, the MPP certification will provide you with skills in policy analysis, governance, and public sector management. You’ll be ready to influence national and international policy.

• Duration: 2 years
• Career Opportunities: Policy Analyst, Economic Advisor, Public Sector Consultant
• Benefits:
  • Play a significant role in shaping public policies.
  • Work across government, NGOs, and international organizations.
  • Gain expertise in public administration and governance.

Ready to build a career in public policy? A Master’s in Public Policy from UpGrad will equip you with the skills to create meaningful change at local, national, and global levels.

Post Graduate Diploma in Management (PGDM)

Average Annual Salary: INR 10L  

The PGDM is a flexible option if you want to specialize in business management. Whether you want to focus on finance, marketing, or operations, the PGDM equips you with the skills you need for managerial success.

Here’s why PGDM stands out.

• Duration: 1–2 years
• Career Opportunities: Management Consultant, Business Manager, Marketing Manager
• Benefits:
  • Gain a comprehensive understanding of business management.
  • Specialize in your desired area of business.
  • Develop strong professional connections within the business community.

Looking to sharpen your management skills? Enroll in UpGrad's Post Graduate Diploma in Management (BIMTECH) and drive your career forward!

Post Graduate Diploma (PG Diploma)

Average Annual Salary:INR 9.6L

A PG Diploma is perfect if you want to deepen your expertise in a specific area like finance, marketing, or operations. This qualification provides specialized knowledge to further your career in a focused field.

Here’s why a PG Diploma is worth pursuing.

• Duration: 1–2 years
• Career Opportunities: Project Manager, Consultant, Financial Analyst
• Benefits:
  • Gain expertise in a particular business field.
  • Increase your chances of career growth in specific industries.
  • Develop a stronger professional profile for higher-level roles.

MA Economic Degree: Overview and Potential in the Job Market

The MA Economics program equips you with the tools to analyze complex economic issues, use quantitative methods, and apply theoretical concepts to real-world problems. 

With this degree, you’ll be prepared for a range of roles across various sectors, expanding the scope of MA Economics and giving you the flexibility to shape your career path.

Here’s where you can make your mark with an MA Economics degree.

• Education: Become a lecturer or academic researcher, teaching the next generation of economists.
• BFSI (Banking, Financial Services, and Insurance): Take on roles like financial analyst, economist, or risk consultant, applying financial and economic principles.
• Government and Policy: Work in economic policy analysis or with government agencies to shape policies, utilizing macroeconomic and policy knowledge.
• Consulting: Use your economic expertise to advise companies on strategy, market research, and decision-making.
• Entrepreneurship: Apply economic principles to start a business or advise startups on growth strategies and market positioning.

Got a glance at the opportunities? Now, let's explore the industry demands for MA Economics graduates.

Industry Demand for MA Economics Graduates

The demand for skilled economists is growing, especially as industries lean more on data to make informed decisions. With the scope of MA Economics expanding, your degree opens doors across various sectors. 

Here's why the demand for economists is on the rise.

• As businesses, finance, technology, and government sectors embrace data-driven solutions, the need for economists and data analysts continues to soar.
• Governments are increasingly looking for experts to help craft policies and economic strategies, fueling growth in the public sector.
• Consulting firms are expanding their teams to bring in economists who can provide deeper insights into market trends and assist with financial forecasting.

In terms of salary, here’s what you can expect as an MA Economics graduate.

• Economists working in the public sector can earn an average of INR 17.1L annually.
• Financial analysts in the BFSI industry typically earn an average of INR 6L per year.
• Policy researchers in government or think tanks usually earn an average of INR 2.4L annually.

Now, let’s talk about the importance of internships and work experience.

• Internships are a fantastic way to gain hands-on experience and make you stand out when you enter the job market, helping expand the scope of MA Economics.
• Getting work experience can greatly boost your employability and salary potential, speeding up your career in finance and consulting.

This is a thrilling time to step into the field of economics, and with the right experience, you’re sure to find plenty of opportunities.

Steps to Secure a Job After Completing an MA in Economics

Completing your MA in Economics is a great achievement, but to truly succeed, you need to take some key steps to land that perfect job. Your degree alone won’t cut it; practical experience and a clear focus on industry expectations are essential. 

Here's how you can secure a job after your MA.

• Step 1: Build a Strong Foundation in Economics
  Master core theories like microeconomics, macroeconomics, and game theory, and study key works by economists like Keynes and Friedman to deepen your understanding.
• Step 2: Study Advanced Economics Books
  Read advanced books like Macroeconomics by Mankiw, Principles of Economics by Dornbusch, and Capital in the Twenty-First Century by Piketty, while staying updated with research from top journals like the American Economic Review.
• Step 3: Take Relevant Certification Courses
  Certifications in econometrics, data analysis, or financial modeling, along with proficiency in Python or R through platforms like UpGrad, will further enhance your qualifications for data-driven roles.
• Step 4: Understand Industry Expectations
  Research the qualifications and skills employers seek in finance, government, and tailor your skill set accordingly to meet these industry demands.
• Step 5: Apply for Jobs and Gain Practical Experience
  Look for roles like economic analyst, policy researcher, or financial analyst, and pursue internships in finance, government, or research to gain experience and grow your network.

Conclusion

The scope of MA Economics in 2025 offers a range of exciting opportunities across industries like finance, government, and consulting. As the demand for skilled economists continues to rise, you'll find numerous impactful roles that match your expertise and interests. Whether you aim to work in policy, economic research, or financial analysis, the possibilities are vast.

Ready to take your career in economics to the next level? Explore UpGrad’s 500+ courses and 50+ specializations designed to help you upskill and succeed in this evolving field. Take the next step in your professional journey — schedule a free call today!