Top 20 Jobs After MSc in Economics (with Salary)

A master’s degree in economics offers numerous benefits, providing graduates with a strong foundation in analytical thinking, quantitative skills, and a deep understanding of economic principles. This advanced education equips individuals to navigate complex economic environments and make data-driven decisions, which are essential in today’s fast-paced job market. Graduates gain access to career opportunities, including roles such as investment banker, research economist, and financial analyst, which are critical in influencing business strategies and public policies. 

List of Jobs After an MSc in Economics with Salary

Earning your MSc in Economics opens the door to a wide range of exciting career opportunities. This advanced degree prepares you for diverse roles, from data analysis to policy advising, across various industries. Whether you’re interested in finance, research, or economic consultancy, here are 12 promising jobs after pursuing an MSc in economics to align with your skills and interests:

Job Role	Average Salary Range (₹ LPA)
Investment Analyst	₹5.1 LPA – ₹28 LPA
Business Consultant	₹3 LPA – ₹27.9 LPA
Revenue Analyst	₹2.5 LPA – ₹18 LPA
Risk Analyst	₹3.9 LPA – ₹17 LPA
Statistical Analyst	₹2 LPA – ₹15 LPA
Data Analyst	₹2 LPA – ₹14.5 LPA
Economic Analyst	₹5 LPA – ₹13.6 LPA
Financial Planner	₹2 LPA – ₹12 LPA
Policy Advisor	₹1.4 LPA – ₹7.5 LPA
Economic Researcher	₹2.6 LPA – ₹8.8 LPA
Operations Analyst	₹3.1 LPA – ₹9.8 LPA
Market Research Analyst	₹1.7 LPA – ₹9 LPA

1. Investment Analyst

An investment analyst evaluates financial data to help individuals or organizations make informed investment decisions. They research and analyze economic trends, market conditions, and the performance of stocks, bonds, and other investment opportunities. Using this information, investment analysts provide recommendations on where to invest money for the best returns.Furthermore, they create detailed reports and presentations to explain their findings to clients or senior management. If you want to build a career in this field, pursuing a financial modeling and valuation course can enhance your skills and improve your prospects for jobs after an MSc in Economics.

i. Skills Required

Here are the essential skills required to get a job as an investment banker:

• Proficiency in financial analysis tools like Excel, Bloomberg Terminal, or Reuters Eikon for evaluating investment opportunities.
• A certification in a financial modeling and valuation course with AI can significantly boost your chances of landing top-paying jobs in economics, such as an investment analyst.
• Strong understanding of investment strategies and portfolio management to assess and recommend investment options.
• Ability to perform risk analysis using tools like Value at Risk (VaR) or Monte Carlo simulations.
• Knowledge of equity research platforms such as Capital IQ or MarketSmith to track and analyze market trends.

ii. Average Salary Range: ₹5.1 LPA – ₹28 LPA

2. Business Consultant

The field of consulting offers some of the most lucrative jobs after pursuing an MSc in economics. A business consultant provides expert advice to help businesses improve their operations, solve problems, and achieve their goals. They analyze a company’s current practices, identify areas for improvement, and develop strategies to enhance efficiency, profitability, and growth. Business Consultants work closely with management to implement changes, such as optimizing processes, reducing costs, or entering new markets. They may specialize in specific areas like marketing, finance, or human resources. 

i. Required Skills

Here are the skills required to pursue business consultant jobs:

• Proficiency in business analysis tools like SWOT Analysis and Porter’s Five Forces to evaluate business environments.
• Experience with financial modeling software, such as QuickBooks, to analyze financial data and develop forecasts.
• Strong understanding of project management tools like Microsoft Project or Trello for planning and executing business strategies.
• Ability to conduct market analysis using tools like PESTLE Analysis to assess external factors affecting the business.
• Knowledge of CRM software like Salesforce to analyze customer data and improve client relationships.

ii. Average Salary Range: ₹3 LPA – ₹27.9 LPA

3. Revenue Analyst

A revenue analyst helps an organization maximize its income by analyzing financial data and market trends. They monitor revenue streams, identify patterns, and forecast future earnings based on historical data. Revenue analysts assess the effectiveness of pricing strategies, sales performance, and customer behavior to recommend improvements that boost profitability. They prepare detailed reports and present their findings to management, guiding business decisions that enhance revenue growth. Pursuing this role is a promising career option after a Master’s in Economics.

i. Required Skills

Here are the skills required to pursue revenue analyst jobs:

• Proficiency in financial analysis tools like Excel and SQL for managing and analyzing revenue data.
• Experience with revenue management software such as Revinate or Zoho Analytics to track and optimize revenue streams.
• Strong understanding of financial modeling and forecasting techniques to predict revenue trends and performance.
• Ability to analyze sales and financial data to identify patterns, opportunities, and areas for improvement.
• Knowledge of business intelligence tools such as Power BI to create detailed reports and visualizations.

ii. Average Salary Range: ₹2.5 LPA – ₹18 LPA

Pro Tip: When exploring jobs after MBA in business analytics, focus on roles that match your analytical and strategic thinking skills. Strengthen your expertise in tools like SQL, Power BI, and Python, and build a strong portfolio showcasing data-driven projects to attract top recruiters.

4. Risk Analyst

Risk analysts have one of the best jobs after pursuing an MSc in economics. They are responsible for assessing potential risks that could impact an organization’s financial health, operations, or reputation. Furthermore, they analyze data, market trends, and financial documents to identify possible threats and opportunities. Risk analysts evaluate the likelihood and impact of these risks and develop strategies to mitigate them. They create detailed reports and provide recommendations to help the organization make informed decisions and minimize potential losses. 

i. Required Skills

Here are the skills required to pursue risk analyst jobs:

• Proficiency in risk management software, such as RiskWatch or SAS Risk Management, for assessing and monitoring risks.
• Experience with financial analysis tools like Excel and Bloomberg Terminal to analyze financial data and identify risk factors.
• Strong understanding of risk assessment methodologies, including Value at Risk (VaR) and stress testing.
• Ability to perform quantitative analysis using statistical software like R to model and predict risk scenarios.
• Knowledge of regulatory requirements related to risk management to ensure compliance with industry standards.
• Excellent analytical skills to evaluate risk data and develop effective risk mitigation strategies.

ii. Average Salary Range: ₹3.9 LPA – ₹17 LPA

5. Statistical Analyst

A statistical analyst uses statistical methods to collect, analyze, and interpret data to help organizations make informed decisions. They work with large datasets, applying techniques like regression analysis, hypothesis testing, and probability modeling to uncover trends and patterns. Statistical analysts create reports and visualizations to present their findings clearly and actionably. They work in various fields, including finance, healthcare, marketing, and government, where data-driven insights are essential. This role is one of the most promising job opportunities after a Master’s in Economics.

i. Required Skills

Here are the skills required to pursue statistical analyst jobs:

• Experience with statistical software, such as SPSS, STATA, or Minitab, for performing complex analyses.
• Strong knowledge of statistical methods and techniques, including regression analysis, hypothesis testing, and probability theory.
• Ability to perform data cleaning and preprocessing using tools like Excel to ensure data quality and accuracy.
• Strong foundation in mathematics, including calculus and linear algebra, to support statistical analysis.
• The capability to identify trends, patterns, and anomalies in data to solve complex problems.

ii. Average Salary Range: ₹2 LPA – ₹15 LPA

Pro Tip: To land one of the best-paying jobs with an economics degree, master data interpretation, market analysis, and financial modeling skills. Leverage your economics knowledge and technical skills in tools like Excel, R, or Python to differentiate your profile and attract top employers.

6. Data Analyst

The field of data offers numerous career opportunities after pursuing an MSc in economics. Data analysts interpret and analyze data to help organizations make informed decisions. They collect data from various sources, clean and organize it, and then use statistical tools to identify trends, patterns, and insights. Data analysts work across different industries, helping businesses optimize operations, improve products, and understand customer behavior. If you’re aiming to land a job in this field, consider enrolling in a data science placement course with AI. This course provides practical experience and enhances your chances of securing a great job.

i. Required Skills

Here are the skills required to pursue data analyst jobs:

• Proficiency in data analysis tools like Excel and SQL for collecting and analyzing large datasets.
• Experience with data visualization tools such as Tableau or Power BI to create clear and actionable reports.
• Strong understanding of statistical techniques to interpret data and identify trends that inform business decisions.
• Ability to use data cleaning tools like OpenRefine to ensure data accuracy before analysis.
• Knowledge of database management systems such as MySQL or Oracle to manage and query data efficiently.
• Attention to detail to ensure accurate and reliable data reporting and analysis.

ii. Average Salary Range: ₹2 LPA – ₹14.5 LPA

Pro Tip: When exploring how to get a job in data analytics, focus on building strong analytical skills using Excel, SQL, and Python. Work on real projects, earn relevant certifications, and network actively with industry professionals to stand out to potential employers.

7. Economic Analyst

An economic analyst studies economic data to understand trends, forecast future economic conditions, and provide insights that guide decision-making. This role is an excellent option for those exploring a career after a Master’s in Economics. They analyze factors like employment rates, inflation, and market performance to assess the health of the economy. Economic analysts work with governments, businesses, or financial institutions, helping them make informed decisions by interpreting complex data and predicting economic outcomes. They create reports, develop models, and offer recommendations on economic policies or business strategies. 

i. Required Skills

Here are the skills required to pursue economic analyst jobs:

• Strong understanding of economic theories and principles, with the ability to apply them to real-world situations.
• Proficiency in data analysis and statistical software, such as Excel, R, or Stata, to analyze large datasets and produce meaningful insights.
• Ability to interpret complex economic data and present findings clearly and concisely for stakeholders.
• Excellent research skills to gather and assess relevant economic information from reliable sources.
• Strong written and verbal business communication skills to effectively convey economic concepts and analysis to both technical and non-technical audiences.
• Ability to work with large amounts of data and identify trends that can influence economic strategies and policies.

ii. Average Salary Range: ₹5 LPA – ₹13.6 LPA

8. Financial Planner

The field of finance offers some of the most lucrative jobs after pursuing an MSc in economics. A financial planner helps clients develop strategies to manage their finances effectively, focusing on areas such as investments, retirement planning, and tax management. They analyze financial data, assess clients’ needs, and provide personalized advice to help them achieve their financial goals. Financial planners work closely with individuals and organizations to ensure that financial plans are tailored to each client’s unique situation. 

i. Required Skills

Here are the skills required to pursue financial planner jobs:

• Proficiency in financial planning software, such as RedVision, FinEdge, or Arthayantra, to create and analyze financial plans.
• Strong understanding of tax laws and regulations to optimize clients’ tax liabilities within legal frameworks.
• A certification in personal finance 101 course can significantly enhance your prospects for securing lucrative positions in financial planning.
• Ability to analyze investment options using tools like Value Research or Moneycontrol to recommend the best strategies for clients.
• Excellent communication skills to explain complex financial concepts clearly to clients.
• Knowledge of estate planning tools and software to help clients plan for the transfer of assets.
• Understanding of insurance products and the ability to incorporate them into a comprehensive financial plan.

ii. Average Salary Range: ₹2 LPA – ₹12 LPA

9. Policy Advisor

A policy advisor provides expert advice to government officials, organizations, or businesses on policy decisions. They research and analyze various issues, such as economic trends, social challenges, or regulatory changes, to understand their potential impact, making it a sought-after role among those pursuing a career after completing an MSc in Economics. Additionally, they use this analysis to recommend strategies and solutions that align with the organization’s goals and public interest. Policy advisors may draft policy proposals, prepare briefing documents, and engage with stakeholders to build support.

i. Required Skills

Here are the skills required to pursue policy advisor jobs:

• Proficiency in economic modeling and analysis tools like Stata, R, or Excel for evaluating the impact of policies.
• Strong research skills to gather and analyze data from credible sources, such as government databases and academic journals.
• Experience with policy analysis frameworks to assess the potential outcomes and effectiveness of different policy options.
• Excellent communication skills to articulate policy recommendations clearly in written reports and presentations.
• Knowledge of regulatory processes and government functioning is necessary to navigate the policy-making environment effectively.
• Ability to work with data visualization tools like Power BI or Tableau to present complex data in an accessible format.

ii. Average Salary Range: ₹1.4 LPA – ₹7.5 LPA

10. Economic Researcher

The field of research offers some of the most promising jobs after completing an MSc in economics. An economic researcher studies economic trends, policies, and data to understand how economies function. They collect and analyze information on topics like employment, inflation, trade, and market conditions. Using this data, economic researchers identify patterns, forecast, and evaluate the impact of monetary policy. They often work for governments, universities, think tanks, or private companies, providing insights that help shape economic strategies and decisions. 

i. Required Skills

Here are the skills required to pursue economic researcher jobs:

• Experience with software, such as R, STATA, or SAS, for performing data analysis and modeling.
• Experience with econometric tools to model economic relationships and test hypotheses.
• Strong understanding of economic theories and principles to design and conduct relevant research studies.
• Ability to perform data collection and analysis using tools like Excel to manage and interpret large datasets.
• Strong writing skills to produce clear and comprehensive research reports and papers.
• Knowledge of research methodologies, including both qualitative and quantitative approaches to gathering and analyzing data.

ii. Average Salary Range: ₹2.6 LPA – ₹8.8 LPA

11. Operations Analyst

An operations analyst is a professional who examines a company’s processes to find ways to improve efficiency. They gather and analyze data to identify problems and suggest solutions, making this role one of the promising job opportunities after an MSc in Economics. By reviewing workflows and performance metrics, businesses can make informed decisions. They also work closely with different departments to implement changes and monitor their effectiveness. In essence, an operations analyst ensures that a company’s day-to-day activities run smoothly and effectively, helping it achieve its goals more efficiently.

i. Required Skills

Here are the skills required to pursue operations analyst jobs:

• Proficiency in data analysis tools like Excel, SQL, and Python for evaluating operational data and identifying inefficiencies.
• Experience with process improvement methodologies, such as Lean Six Sigma, to implement operational enhancements.
• Strong understanding of business operations and supply chain management to optimize processes and resource allocation.
• Ability to use project management software like Microsoft Project or Asana to track and manage operational projects.
• Knowledge of data visualization tools, such as Tableau or Power BI, to present insights and performance metrics clearly.
• Excellent problem-solving skills to address operational challenges and develop practical solutions.

ii. Average Salary Range: ₹3.1 LPA – ₹9.8 LPA

12. Market Research Analyst

A market research analyst studies market conditions to help businesses understand what products or services customers want. They collect and analyze data on consumer preferences, competitors, and industry trends, making this role a sought-after option among job opportunities after a Masters in Economics. Furthermore, through surveys, focus groups, and other research methods, they gather insights that inform product development, marketing strategies, and business decisions, enabling companies to make informed, data-driven choices.

i. Required Skills

Here are the skills required to pursue market research analyst jobs:

• Proficiency in statistical software and tools like SPSS, SAS, or R for analyzing market data.
• Experience with survey tools such as Qualtrics or Google Forms to design and conduct market surveys.
• Strong data analysis skills to interpret consumer behavior and market trends using tools like Tableau.
• Knowledge of database management systems, such as Oracle, to manage and query large datasets effectively.
• Ability to conduct competitive analysis using platforms like SEMrush or SimilarWeb to understand market positioning.

ii. Average Salary Range: ₹1.7 LPA – ₹9 LPA

Top Companies Hiring MSc Economics Graduates

As the global economy becomes increasingly complex, the demand for skilled economics professionals continues to grow. Economics graduates are in high demand in India across many top companies, hiring individuals with specialized skills. Let us explore some of the top companies in India that actively offer jobs after economic’s masters and the roles they offer.

Companies	Job Roles	Average Annual Salary
TCS (Tata Consultancy Services)	Economic Consultant	₹6 LPA – ₹15 LPA
	Data Scientist	₹4.8 LPA – ₹12.5 LPA
	Business Analyst	₹10.9 LPA – ₹30 LPA
	Data Analyst	₹1.4 LPA – ₹10 LPA
RBI (Reserve Bank of India)	RBI Grade B Officer (DEPR)	₹12 LPA – ₹16 LPA
	RBI Grade B Officer (DSIM)	₹12 LPA – ₹16 LPA
	Economic Analyst	₹10 LPA – ₹18 LPA
Axis Bank	Financial Analyst	₹7.94 LPA – ₹11.1 LPA
	Credit Analyst	₹5 LPA – ₹18.5 LPA
	Risk Analyst	₹8.88 LPA – ₹24.73 LPA
Capgemini	Financial Analyst	₹8 LPA – ₹18 LPA.
	Risk Analyst	₹15.36 LPA – ₹20.85 LPA
	Strategy Consultant	₹9.9 LPA – ₹17.6 LPA
Goldman Sachs	Market Research Analyst	₹9 LPA – ₹20 LPA
	Project Manager	₹15 LPA – ₹35 LPA
	Investment Banking Analyst	₹10.1 LPA – ₹36 LPA
McKinsey & Company	Quantitative Analyst	₹18 LPA – ₹38 LPA
	Economic Research Analyst	₹8.5 LPA – ₹25 LPA
	Data Analyst	₹10 LPA – ₹20 LPA
HDFC Bank	Treasury Analyst	₹8 LPA – ₹20 LPA
	Product Manager	₹6.5 LPA – ₹25 LPA
	Economic Research Analyst	₹7 LPA – ₹18 LPA

List of Government Jobs After an MSc Economics with Salary

With an MSc in Economics, graduates can explore prestigious government roles in the Indian Economic Service (IES), Reserve Bank of India (RBI), and various departments as policy analysts, advisors, and researchers. These positions focus on economic research, analysis, and policy formulation. Additionally, promising opportunities are available in public sector banks (Specialist Officers), audit, and accountancy. Here is a list of top government jobs after an MSc economics with salary:

Government Jobs After MSc Economics	Average Annual Salary
Indian Economic Service (IES)	₹9 LPA – ₹12 LPA
Reserve Bank of India (RBI) Grade B Officer	₹12 LPA – ₹16 LPA
National Sample Survey Office (NSSO) Investigator	₹9.3 LPA – ₹34.8 LPA
NABARD Grade A Officer	₹12 LPA – ₹12.5 LPA
SEBI Grade A Officer	₹7.5 LPA – ₹19 LPA
Public Sector Undertakings (PSUs)	₹5 LPA – ₹21 LPA
State Bank of India (SBI) Probationary Officer (PO)	₹8 LPA – ₹12 LPA
Income Tax Officer	₹7 LPA – ₹16 LPA
Professor in Government Colleges and Universities	₹4 LPA – ₹21 LPA

How to Get a Job After an MSc in Economics?

Pursuing an MSc in economics gives you a deep understanding of economic theories, financial markets, and data analysis. However, securing a job requires more than just academic knowledge. You need practical skills, networking ability, and a well-tailored resume to draft the perfect job application documents, including the resume and cover letter. Here’s how you can boost your chances of getting a job after an MSc in Economics:

1. Government Exams: Candidates with an MSc in Economics can secure prestigious government jobs by appearing for exams like UPSC Indian Economic Service (IES), RBI Grade B, NABARD, SEBI, SSC, and state public service commissions. To prepare for the exam, focus on macro and microeconomics, statistics, and current economic affairs. Additionally, practice past papers and stay updated with the examination deadline and syllabus to maximize your chances of passing the exam.
2. Apply for Jobs in Corporate and Private Sectors: Check the career websites of companies in the corporate and private sectors. MSc Economics graduates can explore various roles. They can work with top consulting firms like Deloitte, EY, KPMG, and McKinsey. Companies like TCS, Infosys, and Accenture hire economists to interpret data, optimize business strategies, and support decision-making. Opportunities are also available in market research and consulting, where research firms like Nielsen and Frost & Sullivan recruit economists.
3. Master Data Analysis Tools: Gain proficiency in software like Python, R, Stata, and Excel. Employers hire candidates who can interpret complex economic data and trends.
4. Gain Practical Experience: Apply for internships and research assistant roles to get industry exposure. Working on real-world projects enhances the problem-solving and analytical skills required for economics jobs.
5. Enhance Your Networking Skills: Attend economic conferences, join LinkedIn groups, and connect with professionals. Networking can lead to mentorship and job referrals.
6. Consider Specialized Certifications: Earning credentials like Chartered Financial Analyst (CFA), Financial Risk Management (FRM), or a data science course with a placement guarantee can make your application stand out in the job market. These certifications add credibility to your expertise in economics, finance, and analytics.
7. Tailor Your Job Applications: Customize your resume and cover letter for each role. Highlight relevant coursework, projects, and technical skills that match the job description.
8. Prepare for Interviews Thoroughly: Brush up on economic theories, case studies, and quantitative reasoning. Be ready to demonstrate problem-solving skills with real-world economic scenarios.

Conclusion

Graduates in economics can excel in roles such as economists, data analysts, policy advisors, and financial consultants, contributing to the public and private sectors. The analytical and problem-solving skills gained during the course are highly valued, enabling professionals to tackle complex economic challenges. With the increasing demand for financial expertise in today’s globalized world, jobs after an MSc in Economics offer a great start to the professional journey. A degree in economics paves the way for lucrative careers in academia, government, international organizations, and the corporate world. To learn more about the job roles, check out our guide on the best-paying jobs with an economics degree.

FAQs

Sources:

1. https://www.ambitionbox.com/profile/investment-management-analyst-salary
2. https://www.ambitionbox.com/profile/business-consultant-salary
3. https://www.ambitionbox.com/profile/revenue-management-analyst-salary
4. https://www.glassdoor.co.in/Salaries/economic-analyst-salary-SRCH_KO0,16.htm
5. https://www.ambitionbox.com/profile/operations-analysis-analyst-salary