In this article, we will discuss some of the fields in economics that students can look for the scope in it after class 12th. 7 SCOPE OF ECONOMICS AFTER CLASS 12th. Economics is widely chosen by the students after class 12th, mainly by commerce and humanities stream students. A widely sought after course after class 12th by a huge number of students holds great value because of its wide scope in the career field. Having Economics as your strength and the specialized subject, after class 12th, you get higher chances of going into various popular fields which are in high demand with the scarcity of workers in the fields. There is a handsome salary package of economics as your majors after class 12th and you can major much scope in this. So, let us discuss some of the fields where there is a high demand for economics and holds a great scope for those who want specialization in this field, of economics, after class 12th.
Acturial Science, a field of economics, which was earlier limited to the Western Countries, is now gaining ground in India at a very fast pace. However, due to the less popular among the students, it leads to a scarcity of workers in this field, leading to high demand with a good package. There is a huge demand for this field and the basic package for an actuary fresher ranged between INR 15 Lakhs to 20 Lakhs. So, if you are interested in a field of economics and want to have a good package, then this field is best matching for you as soon as you complete the basic eligibility requirements for this field.
The main role of an accountant is to manage the accounts of a particular organization. To look after the budgets and expenditures, the accountant’s role is widely required. Most of the business plans, which are based on budget based expenditures, are handled by the accountants which look after each and every requirement of the company. It maintains the profits as well as losses of a particular business or organization and prepares all the meetings and plans based on this. He/she looks after the policies and procedures which are needed to be implemented in the organization and recommends them for the balanced budget and maximum profit.
There is a huge scope for researching as well under the economist umbrella. The main task is, therefore, the research to collect the required data in order to perform several tasks. Some of the basic tasks include the analysis of data as well as monitoring of trends and development of forecasts. After going through the current trends, the plans are made and implemented for a better generation of profits. A researcher can be of different fields and sectors such as in the public sector, or the agricultural sector, or the energy sector and so on.