What is the scope of a 5-year integrated Economics course from IIT Kharagpur?

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Atul Sharma Posted On - Mar 24, 2023
Works at Indian Institute of Technology, Kharagpur (IIT KGP)

The integrated economics Course from IIT Kharagpur has a wide scope. This course comes under the umbrella of the humanities and social science department. Some of the many prospects offered by this course are 

  1. Higher studies: A student who is inclined towards higher studies can opt for Masters in Economics from any prestigious college in India and abroad and can even get a PhD degree provided that he has sufficient knowledge of economics, a stable GPA and some excellent publications.
  2. Government jobs: The scope of the score spreads to the government sector as well with jobs like RBI, Indian economic service or civil services that help you serve your country. The best part about these jobs is that you can also apply for study leave and pursue higher studies on official holidays.
  3. Software developer: Unlike the general misconception that only CS, E,C, EE students can become software developers, this course too can help you become one. While it is true that the top companies like Google and Microsoft won’t let you sit for placements, you can become a software developer for average banks. Later, you can target technical giants that don’t judge employees on the basis of the branch.
  4. MBA: This is a very common combination. Many economic students target IIMs or other business schools to pursue MBA. Moreover, with a non-engineering background, you can always have an upper hand in B-school admissions.
  5. Data Analyst/Scientist: This is the most common job profile of IIT Kharagpur students who have done an economics majors. Moreover, with the increased demand for AI and machine learning, this has become one of the most appealing fields today.
  6. Finance: The integrated economy course at IIT Kharagpur has many subjects related to finance and mathematics. This makes the student suitable for finance roles and you are likely to become a quantitative analyst.
  7. Consulting/operations: Consulting and Operation roles are available to random students, irrespective of their branch.

The best part about the economics degree is that you have a lot of free time at your hand and can explore other fields, unlike engineering students who are always busy with their coursework. Moreover, if you’re not sure about any particular branch, then Economics can definitely be a good choice.

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