Written by: Aleena Hussain
In this article, you will know:
- What is Macroeconomics
- Jobs of Macroeconomics is in Pakistan
- Salary of Economists in Pakistan
- Find Out This Field is a Match for You
What is Macroeconomics and What Do Economists Do?
Don’t have any idea how industries make money?
Confused by the demand and supply services?
Fret not, Economics have all the answers. Better yet Macroeconomics is the solution if you’re wondering about global trade and large scale productivity.
Economics is the study of goods and services, while Macroeconomics is the subfield of Economics, which deals with broad scales of economic factors such as national productivity and interest rates. Those who study Macroeconomics are called economists.
Economists research the market conditions, industry trends, labor markets, public and monetary policies, demographics, national economic growth for the best maximum utilization of scarce resources.
Macro-economists look at the overall big picture of national and global price levels, inflation, and economic climate.
They may work as consultants or have regular jobs in business intelligence, international development, journalism, or as an entrepreneur.
There is an excellent demand for economists in the state agencies and private companies in the following regions:
- Central banks and financial intermediaries
- Retail and Accountancy firms
- Public taxation departments
- Government budget-making departments
- Commercial and Transport services
- Energy power plants management
- Think tanks and research institutes
- Large multinational corporations
- Financial consultancy agencies
- Healthcare administration
- Journalistic services
- Real estate firms
- Human Resource Offices
- Banking sector
- Insurance and industrial companies
Internships in accountancy firms and in the banking sector heavily credit one’s resume.
Graduation in Economics and further certification in Finance and Business Administration is the initial step in making a name for oneself in this area.
Post-graduation specialization in Macroeconomics would benefit from getting good jobs.
Awareness of corporate finance, current affairs, and economic contexts are the core traits required in this career.
What Are the Required Skills in Macroeconomics?
An economist should be able to use computer software for the representation of one’s findings through graphics, charts, diagrams, tables, or graphs.
Problem-solving and mediating disagreements capabilities should be present.
And do you know 77% of Employers Not Happy with the Quality of Pakistani Graduates
These are the skills that lack in fresh graduates in Pakistan
- Verbal Communication (83.63%)
- Positive Attitude (71.93%)
- Team Working (64.91%)
- Critical Thinking (59.06%)
- Self Confidence (59.06%)
- Written Communication (57.31%)
- Drive &Resilience (57.31%)
- Stress Tolerance (47.37%)
- Adaptability (46.20%)
- Time Management (45.61%)
- Self-Awareness (45.03%) and Planning &Organizing (45.03%)
- Integrity (43.86%)
What Are the Career Prospects of Macroeconomics?
- Market Research Analyst:
He looks at the industrial trends and economic climate to predict consumer increase, identifies competitors, price fluctuations, and increases the sale of certain products.
- Actuary:
Analyzes the financial conditions to determine risk and uncertainty principles in the finance arena regarding insurance policies on pensions, deaths, property damage, or theft.
- Financial Consultant:
Advises and guides businesses and individuals regarding economic scenarios, investment deals, and cash management.
- Economic Researcher:
Conduct research on industry trends, finance departments, public fiscal policies, government budgets, and market financial situation.
- Accountant:
Records manage and reports money transactions of businesses and individuals. Ensures all financial records are accurate, and proper tax has been paid by the authority.
What Are the Important Points To Be Economists?
- Interests
-
Economics
-
Management
-
fascination with numbers
-
Commerce
-
Business
-
Taking risks
- Academic Qualifications:
Master’s degree in Economics with specialization in Macroeconomics.
Doctorate’s degree would be ideal in joining any academic institution.
- Work Form:
- Work Place:
- Obstacles:
What are the Macroeconomics Salaries in Pakistan?
The average salary of a fresh graduate Macroeconomics is between Rs. 20,000 to Rs. 30,000 per month in Pakistan, according to Indeed Pakistan.
You can find Macroeconomics jobs in Pakistan from
- Health Care (Rs. 100,000 per month)
- FMCG (Rs. 85,571 per month)
- Home Appliances (Rs. 75,000 per month)
- Engineering (Rs. 75,000 per month)
- Group/Conglomerate (Rs. 71,676 per month)
- IT/Technology (Rs. 61,676 per month)
- Textile (Rs. 55,000 per month)
- Transport (Rs. 55,000 per month)
- Banking/Financial (Rs. 52,042 per month)
- Consulting (Rs. 52,042 per month)
- Manufacturing (Rs. 50,000 per month)
- Packaging (Rs. 50,000 per month)
What is the Future of Macroeconomics Jobs in Pakistan?
Pro Tip:
Go to Tool>Select Within 24 Hours, past week etc . You will be the first to apply for the job hence more chances for the job getting in the industry.
What are the Universities in Pakistan Offering Admissions in Macroeconomics?
| Institute | City |
| 1. Abbottabad University Of Science And Technology | Abbottabad |
| 2. Women University Azad Jammu &Kashmir | Bagh |
| 3. The Islamia University Of Bahawalpur[sub Campus] | Bahawal Nagar |
| 4. The Government Sadiq College Women University | Bahawal Pur |
| 5. The Islamia University Of Bahawalpur | Bahawal Pur |
| 6. University Of Science &Technology | Bannu |
| 7. The University Of Buner | Buner |
| 8. University Of Malakand | Chakdara |
| 9. Bacha Khan University | Charsadda |
| 10. Ghazi University | D.g.khan |
| 11. University Of Education [ D.g. Khan Campus ] | D.g.khan |
| 12. Gomal University | D.i. Khan |
| 13. Government College University, Faisalabad | Faisalabad |
| 14. Government College Women University | Faisalabad |
| 15. University Of Education [ Faisalabad Campus ] | Faisalabad |
| 16. Karakoram International University | Gilgit |
| 17. University Of Gujrat | Gujrat |
| 18. University Of Haripur | Haripur |
| 19. Hazara University [havellian Campus] | Havelian |
| 20. Bahria University, Islamabad | Islamabad |
In order to find the department of Macroeconomics in any university, just type Macroeconomics+ university name like
What is the Trend of Macroeconomics in Pakistan?
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