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Subject: Prospects in for Commerce in Accounts and Economics
Date: 10-Oct-2008
Question: What are future prospects in accounts and economics after +2?
Answer: The employment options open to those who specialise in economics are manifold. To begin with, government enterprises, public undertakings, banks, finance and investment firms, business journals and newspapers and the private sector throw up many avenues of employment in various departments.

The Indian Economics Services are also an excellent option open to those who want to join government service. Officers are recruited through examinations conducted by the Union Public Service Commission. To be eligible for this examination, one needs to be a graduate and in the 21-28 age group. The examination is held in the month of September every year. The announcement for the same is made in the month of March of the same year. The written examination has papers in English, General Studies, General Economics and Indian Economics. The written examination is followed by an interview.

Another highly lucrative avenue open to those looking for government employment is the Reserve Bank of India. Written tests are conducted by the RBI for the purpose. Postgraduates in the age group 21-28 are eligible for the examination. Those who successfully clear the examination are finally selected through personal interviews. Prospects for economists are good in all sectors of the economy. The economies of the world are growing in unison and most are growing rapidly and naturally with the increases economic activity, economists will find many more opportunities to utilise their educational qualifications remuneratively.

Economics is taught as a part of bachelor's degree programmes. It may be taken up as an Honours/major subject during graduation. In the usual three-year Honours curriculum, students are exposed to economic theory, public finance, taxation, business organisation, international trade, financial systems and banking, etc, with special emphasis on the Indian economy.

This can be followed by the postgraduate programme in economics, usually a two-year programme. Students get an opportunity to specialise in a specific branch such as rural economics, agriculture economics, welfare economics, public finance, monetary economics and so on.

Courses in Economics are:

  • M.Sc. in Economics.
  • M Phil/Ph.D in Development studies with major emphasis on Economics.
  • M.A./Ph.D

As far as accounts is concerned a career as a finance professional today is vastly different than it used to be years ago. The study and analysis of today’s markets, financial products and other financially related sectors of the business world are the foundation of financial activities to date. Stockbroker, financial planner, and investment banker are just a few examples of jobs that may be chosen when pursuing a career in finance. As finance grows year to year, being accurate and up to date with financial information and financial techniques is essential when considering a career in finance.

You can go for a degree course in Financial Management, CA, CFA,MBA Finance or diploma courses in stock broking, investment banking etc after doing B.Com.

All the best
CareerAge Counselor