Understanding the demand of a degree before choosing it is a vital thing to do. In this article, we will look at the scope of Bs Economics in Pakistan.
Students often find themselves in a burdensome situation, especially when choosing the degree they want to opt for further studies. We do not know what the future holds or which career will be the best in the next few years. But one thing is for sure a career in business, finance, or economics is the best. Numerous students every year go into the field of economics as the future has always been bright in the field of economics in Pakistan, and it will continue to grow even more rapidly in the next few years.
So, choosing a BS in economics is the best decision a student can make because not only does the field of economics opens a gateway to numerous work opportunities, but it will also be the key to your secure future and rewarding career. So, if you have a keen interest and are passionate about studying economics, you have landed on the right page. In this article, we will discuss everything about economics. Read on to find out more!
What is Bs economics?
Bs economics is a 4-year degree program that helps students understand a solid economic foundation. Bs economics helps students prepare for entry-level positions in public or private sector corporations, banks, international firms, research, and educational organizations. The study of economics revolves around the behaviors and relationships of economic agents and the functioning of markets.
What is the scope of economics in Pakistan?
An economics degree is always considered extremely valuable, especially in developing countries. International and local firms are always looking for talented, experienced, and skilled people in their businesses. Pakistan is a developing country, and the economy is always growing. People with a degree in economics can easily find well-paid jobs in Pakistan; having a degree in economics opens numerous work opportunities, not only in Pakistan but in foreign countries too. Students with bachelor’s degrees in economics are known to have reputable jobs which in the long run, secure them with a rewarding career. Choosing economics as your qualification is the best decision an individual can make as the scope of economics is relatively high these days and it will continue to rise in the future too.
What are the jobs for economics in Pakistan?
The students with an economics degree can go into various fields and apply for major posts. Be it an international firm, a local business, private or public sector. These candidates will have tons of opportunities once they graduate with a degree in economics in Pakistan. Some of the major jobs are:
- Investment Analyst
- Financial trader
- Financial manager
- Budget analyst
- Insurance underwriter
- Compliance officer
- And much more
What is the salary in Pakistan?
Well, the salary depends on an individual’s specialization, experience, and skills. It also depends on whether they work for a local or international firm, private or public sector. However, the average salary of economists in Pakistan is up to 370,000 per year. The salary of a fresh graduate starts from 45,000 per month. At the same time, the most experienced candidates make up to 85,000- 90,000 per month.
Which universities offer Bs in economics in Pakistan?
Although multiple universities in Pakistan offer qualifications in Bs in economics. But the best ones are as follows:
- University of the Punjab, Lahore
- University of Management and Technology, Lahore
- Lahore School of Economics, Lahore
- Forman Christian College, Lahore
- Lahore University of Management Sciences, Lahore
- National College of Business Administration and Economics, Bahawalpur, and Multan
- Institute of Business Administration, Karachi
- University of Karachi, Karachi
- Institute of Management Sciences, Peshawar
- Islamia College University, Peshawar
- Bahria University, Islamabad
- COMSATS Institute of Information and Technology, Islamabad
- Pakistan Institute of Development Economics, Islamabad
- International Islamic University, Islamabad
- Government College University, Faisalabad
- Riphah International University, Faisalabad
I am hopeful this article helped you understand the scope of Economics in Pakistan.