Best Career Options after BA Economics: Check Scope, Job Profile, Salary and Courses

Career Option

Summary of the Career

Responsibilities

Skills Needed

Average Salary

Economic Consultant

• Economic Consultant is one of the best-paying jobs in the field of economics and has a lot of perks.
• As an Economic Consultant, you will get to work for financial companies, private and public agencies, and research institutes.

• The job of an Economic Consultant is to gather and analyse data, trends and patterns in the economy.
• To predict the future economic market and how it will affect the company that you are working for.
• To provide correct advice to the stakeholders and the officials of the organisation.

• Should have proper knowledge of economics, mathematical and statistical tools.
• Good observation and communication skills.

INR 9 Lakhs

Financial Risk Analyst

• A Financial Risk Analyst has to analyse the various opportunities and decide on their options.
• As an analyst, candidates have to work for insurance or trading corporations or in the public sector or work in areas where they have to use hedge fund analysis.

• Understanding the risk coverage, the strategies for reducing the risks and increasing the profits of the organisation.
• The analysts have to continuously observe and look out for any kind of probable risks for the organisation.

• Frequently update themselves with current finance and market understanding.
• Analytical skills, communication, problem-solving and negotiation skills.

INR 6 Lakhs

Financial Manager

• Financial Manager is very demanding career choice as every organisation needs a professional who can handle their finances accurately.

• As a Financial Manager, you will also have to work as an accounting professional.
• Taking care of the financial well-being of the organisation that you work for. This means that the Financial Managers can advise their superiors about how and where to acquire and distribute the company’s assets so that, maximum ROI (return on investment) can be incurred.

• Knowledge of finance and financial documents.
• Analytical skills
• Detail-oriented
• Communication, leadership and interpersonal communication skills
• Computer and technical skills.

INR 13 Lakhs

Market Analyst

• The job of a Market Analyst is in great demand because of the rising focus on digital marketing and advertisements.
• The analyst works with data to unearth new marketing insights for the organisation.

• Conduct research to comprehend customers’ needs and demands, check the significance of the current marketing strategy of the business and work on improving it as per requirements.
• The primary job of the analyst will be minimising risks for the company by launching fresh marketing strategies by understanding the reaction of the customers, the dropout rate and also measuring ROI (rate of interest).

Good knowledge of data analysis, marketing knowledge, customer and company association understanding and great communication skills.

INR 8 Lakhs

Operations Manager

• You can think of becoming an Operations Manager as a career option after BA Economics, if you have good leadership and administration skills along with knowledge of finance and numbers.

• As Operations Manager, the experts will lead business and finance professionals who are involved in goods and service production.
• The managers will be responsible for looking over the numerous tasks and projects.
• At the same time, these managers will also have to review and analyse the records, analytical data and budgets and manage costs related to production.

• Along with the knowledge of finance, the Operations Manager will need to have critical thinking skills, time management, leadership, and communication skills.

INR 7 Lakhs

Investment Analyst

• Working in either a bank or an investment firm will help you earn a great package. It is one of the most demanding jobs in India currently.

• Responsibilities of an Investment Analyst include monitoring inflation and deflation rates, researching the company, analysing the investment growth, making reports, and updating facts of the market and economics.

• Good understanding of finance and economics
• Analytical skills
• Decision-making skills
• Communication and research skills.

INR 10 Lakhs

Business Consultant

• Business Consultants work with existing business operations and make suggestions to improve efficiency, enhance customer service and reduce company costs.

• They have strong analytical skills, which will help them work as consultants, assisting organisations in areas such as market entry strategies, pricing strategies and performance optimisation.

• An analytical mind with excellent data collection and analysis skills
• Problem-solving skills
• Communication and interpersonal skills.

INR 7 - 10  Lakhs

MA Economics

At least 50% in an undergraduate program in Economics or a related discipline.

2 years

M.Sc Economics

At least 50% in an undergraduate program in Economics or a related discipline.

2 years

Masters of Business Economics

At least 45% in an undergraduate program in Economics or a related discipline. The final selection will be determined by your CUCET and CAT score.

2 years

Bachelor of Law (LLB)

At least 45% in an undergraduate program from a recognized university. Candidates will also be assessed based on their CLAT, SLAT, and CUET marks.

3 years

MA Quantitative Economics

At least 50% in an undergraduate program in Economics or a related discipline. Some universities might also conduct an additional entrance exam to evaluate the candidates.

2 years

Investment Analyst

INR 3 LPA – INR 17 LPA

Associate Research Analyst

INR 4.5 LPA – INR 13 LPA

Economic Consultant

INR 3.5 LPA – INR 8 LPA

Executive Assistant

INR 3.5 LPA – INR 7 LPA

Associate Professor

INR 5.5 LPA – INR 15 LPA

Credit Analyst

INR 4 LPA – INR 10 LPA

Policy Analyst

INR 5 LPA – INR 12 LPA

Foreign Trade Analyst

INR 3.5 LPA – INR 9 LPA

Market Research Analyst

INR 3 LPA – INR 7 LPA

Economic Journalist

INR 3 LPA – INR 8 LPA

Budget Analyst

INR 3 LPA – INR 10 LPA

Cost Estimator

INR 3 LPA – INR 8 LPA

College Name

Course Fee

Sawai Madhopur College of Engineering & Technology (SMCET), Jaipur

INR 30,000 (Annually)

Amity University, Gwalior

INR 34,000 (Annually)

SP Jain School of Global Management (SPJSGM), Mumbai

INR 13,00,000 (total course)

Acharya Bangalore B-School (ABBS), Bangalore

INR 60,000 (Annually)

BML Munjal University, Gurgaon

INR 2,00,000 (Annually)

Amity University Raipur, Chhattisgarh

INR 50,000 (Annually)

Centurion University of Technology and Management (CUTM), Bhubaneswar

INR 60,000 (Annually)

The ICFAI University, Dehradun

INR 75,000 (Annually)

Loyola College, Chennai

INR 33,000 (for entire course)