Pros and Cons of Studying Economics

Just did your higher secondary? Looking for options for your graduation but seem confused? Don’t be as we can help you with a lucrative career option. Economics can be a good career option. For this, you will have to study economics as your majors. There is a need for you to evaluate all the pros and cons of the economics career and understand why you would want it.

Once you have a fair idea about it, you can take your decision and pursue a Bachelor of Economics, which is a key requirement for developing a career in economics.

Let’s have an overview of the pros and cons of studying economics.

• Pro: Your economics career helps you get a job as soon as you graduate. There is a high demand for individuals who have studied economics in various industries. Therefore, you can always be happy with the fact that your education will help you get a job as soon as you finish your course.
• Con: But there is a con as well. You may not get a job in your area. For instance, you may get data entry or any basic jobs. This may hamper your growth and you may have to study even more to achieve a successful career.

 

• Pro: Another pro for economics as a subject is that you get acquainted with different tools required for studying the market and various industries. This can help you become a business analyst at an MNC and get paid handsomely. For instance, economics students are good at analysing businesses and forces influencing their activities so they can effectively analyse the business.
• Con: But there is a con as well as you definitely need a graduate degree in economics. The employers hire people who at least have a degree in economics. They consider that individuals who have a degree have a thorough knowledge of economics tools such as industry analysis. However, you may have a masters or doctorate degree in the subject and employers may give you preference. Therefore, this remains one of the disadvantages of it.

 

• Pro: as an economics student, you tend to learn new things that can help you focus on observing people and how they lead. It is one of the reasons due to which employers hire economics professionals. They enable employers to analyse the business in an effective way and provide them with strategies to cope with external forces.
• Con: In your economics career, you can sense somewhere that your growth has stopped at a point. Therefore, you may feel monotonous. It is vital that you take the training overtime to ensure that you do not feel bored with your career.

These are some of the pros and cons of studying economics and taking it as your career. However, whichever career you choose, it is vital that you evaluate the pros and cons side by side so that you can get a big picture of your situation. After your thorough analysis, you can take your final decision about the career stream you wish to choose.