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Indian Economic Service As A Career


Indian Economic Service As A Career

Summary

Indian Economic Service (IES) is an administrative inter-ministerial civil service under group A of the central civil services of the Government of India. In IES one undertakes economic analysis and render information for designing and formulating developmental policies, also monitoring and evaluating various public programs. As it is inter-ministerial therefore the IES officers serve in diverse areas such as policy making, rural developments, social sector, industry, trade etc. Apart from this, IES officers also go for deputation to serve in UN bodies, foreign government, state government etc. Recruitment is based on All India Open Competitive Examination called as IES examination, conducted by the Union Public Service Comission.

Career Opportunities in Indian Economic Services

How to Pursue a Career in the Indian Economic Services

StreamGraduationAfter GraduationAfter Post Graduation
Path 1
Class XII with any stream with/without economics (Mathematics is compulsory)Pursue Bachelor of Arts in Economics/ Applied Economics/ Business Economics/ Econometrics for 3 yearsPursue Masters of Arts in Economics/ Applied Economics/ Business Economics/ Econometrics for 2 yearsAppear for UPSC IES examination
Path 2
Class XII with any stream with/without economics (Mathematics is complusory)Pursue Bachelors of Arts in any related discipline eg- economics, statistics, Mathematics etc.Pursure Masters of arts in Economics/ Applied Economics/ Business Economics/ Econometrics for 2 yearsAppear for UPSC IES examination

Important Facts

  • A post graduate degree in Economics/ Applied Economics/ Business Economics/ Econometrics is required.
  • Age should be between 21 years to 30 years.

Leading Institutes

CollegeLocationWebsite
Presidency UniversityKolkatawww.presiuniv.ac.in/web/economics.php 
Fergusson CollegePunewww.fergusson.edu 
University of DelhiDelhiwww.du.ac.in/du 
Madras Christian CollegeChennaiwww.mcc.edu.in 
Banaras Hindu UniversityVaranasiwww.bhu.ac.in 
Jai Hind CollegeMumbaiwww.jaihindcollege.com/aided/arts/junior-college/jr_Economics.html 
St. Xavier’s CollegeMumbaiwww.xaviers.edu/main 
Punjab UniversityPunjabwww.economics.puchd.ac.in 
Christ UniversityBengaluruwww.christuniversity.in 
Mithibai College of ArtsMumbaiwww.mithibai.ac.in 
University of CalcuttaCalcuttawww.caluniv.ac.in 
InstitutionLocationWebsite
Massachusetts Institute of TechnologyUnited Stateswww.web.mit.edu 
Harvard UniversityUnited Stateswww.harvard.edu 
Stanford UniversityUnited Stateswww.stanford.edu 
University of CambridgeUnited Kingdomwww.cam.ac.uk 
University of California, BerkeleyUnited Stateswww.berkeley.edu 
University College LondonUnited Kingdomwww.ucl.ac.uk/economics 
University of TokyoJapanwww.u-tokyo.ac.jp/en 
Princeton UniversityUnited Stateswww.princeton.edu 
National University of SingaporeSingaporewww.fas.nus.edu.sg/ecs 
University of MelbourneAustraliawww.unimelb.edu.au 
Yale UniversityUnited Stateswww.economics.yale.edu 

Important Entrance Exams

Undergraduate
CollegeTentative DateImportant ElementsWebsite
UPSC IESMarch-JuneGeneral English General Studies General Economics-I (including two parts) General Economics-II (concept of national income and social accounting etc.) General Economics-III (Public finance, Industrial economics etc.) Indian Economicswww.upsconline.nic.in 

Work Description

  • Role of the service can be broadly categorized in terms of economic advice, economic administration, implementation of development policy and programmes, besides dealing with other areas such as economic reforms, regulation etc.
  • IES officers are exposed to various sectors of government functioning and they provide link and continuity in policy making.
  • Economic Advisers are required to be associated with and involved in the economic reforms in the Ministry/ Department, to which they are posted.
  • IES officers provide inputs to Departments on all policy related matters, their implementation and evaluation as well.

Pros & Cons of a Career in Indian Economic Services

Pros
  • Directly involved in policy making and implementation of the same which would use and enhance the decision making skills and sense of responsibility.
  • The prestige and perks which are attached with this job is very high and will continue with you even after retirement.
  • This job will help you put your economics related skills along with critical thinking into practicality by working for the betterment of the society.
Cons
  • Studying for the entrance exam and clearing it requires huge amount of effort and dedication with extensive in depth study of the material.
  • For IES, every year, there are limited number of openings (around 30 seats or so), however, lakhs of people apply. Thus, competition is quite high.

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