Environmental Economist

Balancing the Environment and Economy: A Career in Environmental Economics

About

Environmental economics is a branch of economics that deals with the study of the interactions between the economy and the environment. It is concerned with the economic analysis of environmental issues such as pollution, climate change and natural resource management.

An environmental economist is a professional who applies economic principles and tools to analyse environmental problems and design policy solutions. They work in various fields such as government, international organisations, research institutions and consulting firms. They are responsible for evaluating the economic costs and benefits of environmental policies along with programs, conducting economic assessments of natural resources and developing market-based approaches for environmental protection.

Eligibility

For Bachelor’s

  • Students need to pass 10+2 class with at least 55% marks.
  • A bachelor’s degree in environmental science is a great option for the aspirants.
  • Candidates can opt for a certificate course or diploma to enhance their expertise in the environmental economy field. 

For Masters

  • Undergraduates need to clear a bachelor’s degree in environmental science or any other related field. 
  • No entrance exam is conducted for the admission process in the PG Program.

Job Roles

The field of environmental economy aims to provide in-depth knowledge and enhance the skills of the students. To do such a task, the environmental economy presents innumerable job profiles. Below are mentioned some job profiles:

  • Energy Economist
  • Ecological Economist
  • Natural Resource Economist
  • Marine Resource Economist
  • Chief Economist
  • Agricultural Economist
  • Principal Research Economist

Top Recruiters

There are many recruiters from leading companies who enlist potential students in the environmental economy field. Following are some Recruiters from where students can find an employment opportunity in India: 

  • World Bank
  • Asian Development Bank
  • Ministry of Economic Affairs
  • Indian Council for Research on International Economic Relations
  • McKinsey & Company
  • National Council for Applied Economic Research
  • The Energy and Resources Institute

Salary

The salary range may vary from company to company, but the salary of an environmental economist is very impressive only in India.

 

Level of Salary

Annual Level Salary 

Starting Salary

Approx Rs 6,15,000 

Mid Level Salary

Approx Rs 18,00,000 

Senior Level Salary

Approx Rs 22,00,000 

Skills

  • Problem-solving skills
  • Critical thinking
  • Organisation skills
  • Analytical skills

Scope

The career scope for environmental economists is quite promising given the increasing global focus on environmental issues and the need for evidence-based policy solutions to address them. Environmental economists can make significant contributions in promoting sustainable development as well as ensuring a more livable planet for the future generations.

Benefits

  • Opportunity to learn new things
  • Interesting field
  • Can study about environment 
  • Prestigious job
  • Lucrative

Drawbacks

  • Need theoretical knowledge
  • Competitive
  • Long working hours
  • Stressful job