Scope Of Macroeconomics In Pakistan: Jobs, Admission, Career

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

And much more. 

Keep reading.

What Is Macroeconomics And What Do Economists Do?

Don’t know where the global market is heading?

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?

Statistical and interpreting skills, along with interpersonal and leadership abilities, are necessary.

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

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:

A Bachelor’s degree in Finance, Economics, Commerce or Business Administration.
Master’s degree in Economics with specialization in Macroeconomics.
Doctorate’s degree would be ideal in joining any academic institution.

Work Form:

Regular office timings of 9 to 5 hours. Occasional traveling when working with a company having multiple sites.

Work Place: 

Regular offices or academic institutes.

Obstacles: 

Fierce competition for securing jobs in this field. The element of uncertainty and not knowing when things will change dramatically due to constant or drastic price changes and sudden recession.

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

Here is the sector-wise salary in Pakistan, data taken from LUMS Prospectus that is a prestigious university in Pakistan.

  • 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?

When you type the Macroeconomics’s jobs in Pakistan, you can also write your city name instead of Pakistan to find the jobs.

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.  

You can also use Google Image that is a handy tool for finding jobs.

You can search the jobs in your city or province, and you can conclude either you should select this field or not based on the jobs available.

It’s recommended to search for the Economics Job in Pakistan instead of Macroeconomics because job title for Macroeconomics is not mentioned in any of the jobs in Pakistan, only a few.

What Are The Universities In Pakistan Offering Admissions In Macroeconomics?

These are the universities that are offering Macroeconomics in Pakistan.

InstituteCity
1. Abbottabad University Of Science And TechnologyAbbottabad
2. Women University Azad Jammu &KashmirBagh
3. The Islamia University Of Bahawalpur[sub Campus]Bahawal Nagar
4. The Government Sadiq College Women UniversityBahawal Pur
5. The Islamia University Of BahawalpurBahawal Pur
6. University Of Science &TechnologyBannu
7. The University Of BunerBuner
8. University Of MalakandChakdara
9. Bacha Khan UniversityCharsadda
10. Ghazi UniversityD.g.khan
11. University Of Education [ D.g. Khan Campus ]D.g.khan
12. Gomal UniversityD.i. Khan
13. Government College University, FaisalabadFaisalabad
14. Government College Women UniversityFaisalabad
15. University Of Education [ Faisalabad Campus ]Faisalabad
16. Karakoram International UniversityGilgit
17. University Of GujratGujrat
18. University Of HaripurHaripur
19. Hazara University [havellian Campus]Havelian
20. Bahria University, IslamabadIslamabad

In order to find the department of Macroeconomics in any university, just type Macroeconomics+ university name like

Moreover, you can call them.

What Is The Trend Of Macroeconomics In Pakistan?

Google has created a fantastic tool called Google Trend that shows the searches being done by the people living in the country or city.

I am searching do people search Macroeconomics in Pakistan? If so, which province or city.

Here you can see it all.

Did you like the article? Do you feel something is missing in the article that I should write about? Leave your comment below, it means a lot to me 🙂