M.Sc Economics Jobs, Scope, Salary in India 2024

Updated on - Jan 4, 2023

M.Sc Economics jobs in India are available for graduates in both the public and private sectors. The M.Sc Economics scope is available for the students due to their education. Some of the popular M.Sc Economics job roles for the graduates include Economy Analyst, Senior Business Analyst, Senior Economist.

Career Prospects and Job Scope for M.Sc Economics

The M.Sc Economics scope is very high for the students in a wide variety of job roles. The M.Sc. Economics course ensures that the central role of the graduates involves the implementation of efficient business models, which analyzes all economic factors such as import exports, logistical movements, Human contribution, development of work ethics, and market crash, the decline in stocks, etc. Some of the job roles and M.Sc Economics scope graduates start with are listed below:

Economic Analyst
Senior Data Analyst
Research Analyst
Finance Operations Manager

Areas of Recruitment for M.Sc Economics

The career scope after the M.Sc Economics course is very high and rewarding. The education that the students gain after the M.Sc Economics course is very detailed and in-depth. The M.Sc program helps the students to learn about the specialization in detail. Listed below are some of the popular job opportunities for M.Sc Economics graduates available to the students:

Tax Department
Research Centers
Financial Companies
Banks
Private Organizations

Salary Packages for M.Sc Economics Graduates

M.Sc Economics salary in India is not fixed and can vary according to many factors. The factors which can affect the M.Sc Economics jobs salary in India include designation, education, and location. The average M.Sc in Economics salary in India is around INR 3 - 5 LPA [Source: PayScale]. Listed below are some of the popular salaries and after M.Sc Economics jobs:

Job Roles	Average Annual Salary
Data Scientist	INR 3.5 LPA
Data Analyst	INR 4 LPA
Business Analyst	INR 3 LPA

Source: Glassdoor

Government Jobs for M.Sc Economics Graduates

M.Sc Economics job opportunities in India are available for graduates in government jobs and the private sector. The average salary for a graduate according to PayScale is around INR 3.5 LPA. Listed below are the jobs for M.Sc Economics graduates along with their average salaries:

Job Roles	Average Annual Salary
Senior Business Analyst	INR 5 LPA
Research Analyst	INR 3.5 LPA

Source: Glassdoor

Private Jobs for M.Sc Economics Graduates

The salary after M.Sc Economics in India in the private sector is around INR 3.5 - 5 LPA [Source: Glassdoor]. Listed below are the M.Sc Economics jobs salary in India along with their job roles.

Job Roles	Average Annual Salary
Data Analyst	INR 4 LPA
Business Analyst	INR 3 LPA

Source: Glassdoor

Job Opportunities Abroad for M.Sc Economics Graduates

M.Sc Economics course has job opportunities for its graduates in both India and abroad. The education that the students gain helps the students learn about topics in great detail, which makes them employable in foreign countries. Graduates can also do certificate courses and Ph.D. to increase their chances of getting a job abroad.

Top Companies

Check the list below for the top organizations that hire M.Sc Economics graduates:

JP Morgan and Chase
Axis bank
Price water Cooperhouse
IBM
HDFC banks

Best Countries

Below is the list of top countries offering job opportunities to M.Sc Economics graduates:

Canada
India
China
France
New Zealand
United States
Australia
Japan
Germany

Various Career Designations Abroad for M.Sc Economics Graduates

There are many interesting job profiles that attract M.Sc Economics graduates to work abroad:

Senior Data Analyst
Research Analyst
Senior Business Analyst
Operations and Finance Manager
Economist

Famous Economist

Economists indulge in economic analysis and business modelling along with the implementation of new Economic analysis methodologies in predicting scenarios and altering financial plans. There are many economists around the world, who have used their knowledge to come up with theories and studies which help society understand economics better.

Some of these famous economists are listed below: