Career

Students have queries regarding the best field suitable for a stable future they want

Nina Mukherji
Nina Mukherji
Posted on 09 Jul 2024
05:59 AM
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Influence policy-making q I’m in Class XI and have a keen interest in economics. What are the career options available if I graduate in it? I have also opted for maths and I’m curious to understand how crucial it is in the field of economics.

You have a variety of career paths to choose from, utilising your grasp of economic principles, data analysis skills and critical thinking. A popular choice is to become an economist. This role offers opportunities in government agencies, research institutions, financial firms and international organisations like the World Bank or International Monetary Fund. Economists play a crucial role in analysing data, conducting research and providing insights into inflation, unemployment, economic growth and policy impacts. Their work often leads to significant policy changes. Depending on your interests, you can specialise in labour economics, environmental economics or international trade.

Another option is financial analysis, where you assess market trends and investment opportunities. Financial analysts use economic theories to understand how interest rates, inflation and global conditions influence financial markets. This role requires a strong grasp of economic principles and the ability to apply quantitative analysis to financial data.

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Policy analysis will lead to opportunities in government agencies, think tanks and non-profit organisations. Policy analysts evaluate the economic impact of policies and regulations and provide recommendations. They use economic models and statistical techniques to simulate policy outcomes, predict economic trends and inform decision-making processes.

Maths equips economists with the tools necessary for economic modelling and analysis. Calculus, statistics and linear algebra are used to formulate economic theories and support research. Furthermore, maths is crucial for econometrics, a branch of economics that uses statistical methods to analyse economic data.

Sea love q How do I become a marine biologist?

Marine biology involves the study of organisms living in the ocean, their habitats and ecosystems. As a marine biologist, you would contribute to understanding marine life and its conservation. You could specialise in marine ecology, marine conservation, marine genetics, marine physiology, marine microbiology or marine toxicology. Marine biology involves both field study — conducting surveys, collecting specimens, monitoring marine habitats — and laboratory work.

You must study biology, chemistry and physics in high school. You can graduate in marine biology, oceanography, ecology or even economics and statistics to build a strong foundation. Most people pursue a master’s or PhD to gain research experience and develop expertise in a specific area. If you’re considering studying abroad, the US, Australia, Canada, the UK and New Zealand are popular choices. India also offers quality education and research opportunities, particularly in coastal regions with diverse marine ecosystems.

Nina Mukherji is a career counsellor and certified psychometric assessor. She conducts workshops in various areas for students. Mail your queries to telegraphyou@gmail.com with “Ask Nina” in the subject line. Don’t forget to add the name of your school or college and a contact number

Last updated on 09 Jul 2024
06:00 AM
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