The job opportunities after completing a BA Economics are huge for graduates. The aspirants who are curious about the Best Career Options after BA Economics should give this article a read to get detailed information.
The BA Economics course is among the top choices for students who have studied Economics or Commerce in their 10+2 level as it offers a plethora of job opportunities. Students from a commerce background also find it difficult to choose between the B.Com course and the BA Economics course. Many students are now taking up BA Economics as the scope for jobs is increasing every day. More companies will be hiring students who have done their graduation in Economics as it is one of the most promising subjects that have a huge demand in the market. Students often wonder what will be the best career options after BA Economics, they should understand that with various courses or higher studies, their chances of getting into a top company rise.
While selecting the Economics undergraduate course for yourself, the first question that comes to the student’s mind is what are the best career options after BA Economics? For those aspiring to pursue BA Economics as their undergraduate course, you will be able to seek a career path ranging from a research assistant to a bank teller or economist. There are numerous BA Economics job opportunities and with the correct skill, knowledge, and experience, the pay package one can receive after graduating in BA Economics can be highly lucrative.
If you are a person who is interested in understanding economics, the understanding behind each economic policy, the functioning of different economic strategies and various economic principles, then BA Economics may be the right option for you. In this article, you will get an idea of the best career options after BA Economics along with the average initial salary that is offered to a graduate.
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Best Career Options after BA Economics: Highlights
BA Economics is a subject that deals with every part of the finance and banking sector. A student who has completed a BA Economics degree will be able to analyse and give his/ her professional opinion and advice on different economic aspects of an industry. BA Economics is a 3-year undergraduate course for students who are interested in banking, finance, market, economy, etc. The scope of jobs for BA Economics graduates in India is ever-demanding as it is one of the pillar systems of the country. Students can find various job opportunities in banking, insurance, investment, etc. They can build their career as budget analysts, economists, investment bankers, financial analysts, researchers, etc.
In India, students get to learn the economics curriculum in colleges/ universities in such a way that they are eligible to tackle any economic situation with expertise. Those having in-depth knowledge of economics can save a company/ organisation or even the country from bankruptcy and huge debts. BA Economics is a multidisciplinary course that provides knowledge on how societies use resources, make informed decisions and create certain economic policies to address economic challenges. As a result, the best career options after BA Economics for fresh graduates in the fields of banking, finance, analysis, etc are ample.
Best Career Options after BA Economics
After completing the BA Economics course, the graduates are in demand and there are lucrative career choices for them. Although graduates can get placed at top companies with a moderate pay package, those who have done higher studies or relevant courses can get better jobs with high salaries. We have listed down the best career options after BA Economics where candidates can use the knowledge that they have gained during their BA curriculum and have a successful career.
Career Option | Summary of the Career | Responsibilities | Skills Needed | Average Salary |
|---|---|---|---|---|
Economic Consultant | After completing your BA in Economics, while you look for career options, a job as an Economic Consultant will be best for you. It 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. All this is done by the consultant to predict the future economic market and how will it affect the company that you are working for. It is the job of the Economic Consultants to predict the market and provide correct advice to the stakeholders and the officials of the organization. The analysis is done using mathematical and statistical methods and models. | To become a good Economic Consultant, individuals should have proper knowledge of economics, mathematical and statistical tools, observation and communication skills. | The average salary of an Economic Consultant will be around INR 9 LPA. |
Financial Risk Analyst | After your Bachelor's in Economics, you can think of becoming a Financial Risk Analyst which has a specific set of working techniques. You have to analyse the various opportunities and decide your options. As an analyst, candidates have to work for insurance or trading corporations or in the public sector. Candidates may have to work in areas where they have to use hedge fund analysis and can have a great career after the BA Economics. | As a Financial Risk Analyst, your duties will include 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 organization. | To work as a Financial Risk Analyst, candidates have to frequently update themselves with current finance and market understanding, analytical skills, communication, problem-solving and negotiation skills. | The average salary that a Financial Risk Analyst can expect is INR 6 LPA in India at the beginning of their career. |
Financial Manager | A great career option after BA Economics is becoming a Financial Manager which is quite popular among candidates who have completed their bachelor’s in Economics. It is a 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. The duties that you have to perform include 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. | To become a Financial Manager, you need skills like knowledge of finance and financial documents, analytical skills, detail-oriented, communication, leadership and interpersonal communication. And if you have computer and technical skills then, it will benefit you when applying for a job. With these skills, you can become a Financial Manager in top companies in India. | A candidate who has completed his/ her BA Economics can choose to become a Financial Manager and expect an average salary package of INR 13 lakhs per annum in India. |
Market Analyst | Those who have an interest in the marketing field and can use numbers and data for marketing products can think of becoming a 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. | As Market Analysts, professionals have to 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 minimizing 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). | To work as a Market Analyst, candidates must have a good knowledge of data analysis, marketing knowledge, customer and company association understanding and great communication skills. | Those who get the post of Market Analyst will get an average salary of INR 8 lakhs per annum. |
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. | In India, an Operation Manager will get an average salary of INR 7 lakhs per annum. |
Investment Analyst | Becoming an Investment Analyst is a great career choice after BA Economics if you have an interest in working in investment firms or banks. 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. | Investment Analyst professionals need to have a good understanding of finance and economics, analytical skills, decision-making skills, communication and research skills. With these skills, they will be able to achieve success in their professional career. | The salary of an Investment Analyst in India is INR 10 lakhs per annum. |
Business Consultant | One of the best career options after BA Economics is to become a Business Consultant. These professionals will 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. | Business Consultants should have an analytical mind with excellent data collection and analysis skills, problem-solving skills, communication and interpersonal skills. | The average salary of a Business Consultant will be around INR 7 LPA to 10 LPA. |
Also Read:Best Career Options after B.Com: Eligibility, Salary, Top Colleges
Best Career Options after BA Economics: Other Options
Candidates who have completed their BA Economics degree and looking for job opportunities in private and public sectors should know the types of jobs available for them. We have discussed some of the top career options for BA Economics students before, we have listed down some of more best career options after BA Economics below in private and government sectors:
- Finance and Budget Analyst
- Banker
- Market Analyst
- Economist
- Business or Economic Writer/ Journalist
- Investment Administrator and Analyst
- Sales Executive or Analyst
- Human Resources
- Operations Manager
The aforementioned BA Economics job opportunities are just some of the fields available to a fresh graduate in India. It is important to note that variation in the job profiles can be achieved if students pursue higher education in the same or different fields. We have also discussed the courses that BA Economics graduates can pursue to improve their scopes in the job market. The salary of a BA Economics graduate depends on the skills and work experience of the graduate along with the degree obtained, among others. While searching for the best career options after BA Economics, graduates should consider both private and government job opportunities.
Apart from these job profiles, there are numerous government job openings for BA Economics graduates, especially in Government Banks and the RBI. Here are some of the best career options after BA Economics in the Government Sector that one can look into:
- Civil Services
- Indian Statistical Services
- Government Banks
In India, people who can secure a seat in one of the Government-run organisations have good career prospects as the salaries and perks offered to a government employee are impressive in the long-run.
Best Career Options after BA Economics: Best Courses
All aspirants should note that pursuing a BA Economics degree may not be the last option. BA Economics job opportunities are not limited and one can always decide to pursue higher studies after completing their bachelor’s course, which will further enhance their career prospects in the long run. Recently in India, it has been noticed that many graduates tend to pursue higher studies in different fields such as management and law, etc. However, it is also better to pursue courses that add value to the UG degree you pursued previously, to enhance your career prospects. Those looking for the best career options after BA Economics can try pursuing one of the below-mentioned courses to improve their career prospect. Here are some PG courses to pursue after BA Economics:
M.Sc in Economics course
As we have discussed the best courses after BA Economics above, candidates should understand a few things. After completing the undergraduate BA Economics course, students can study MBA or PGDM which will enhance their career opportunities in fields like management and marketing. While those who are interested in studying LL.B can choose to become corporate lawyers. These courses are very popular among students as the career growth is great along with good salary packages.
B.Ed is another popular course that students these days are choosing to study after their undergraduate or postgraduate level. Once the B.Ed course is done, candidates can start their careers as teachers in private or government schools. The B Ed should only be done by those who have a knack for teaching students and shaping their lives academically.
Higher studies in commerce and banking courses such as M.Com, MA Economics and M.Sc Economics will allow the students to try their hand at research, especially through Junior Research Fellowships. Candidates can think of doing PhD after their postgraduate studies. Students who are confused about the best career options after BA Economics should go through all the possible options and then choose the one suitable for them.
Also Read:Top Private Colleges for MA Economics in India 2024: Selection Process, Fees, Entrance Exams
Best Career Options after BA Economics: Salary
With such a wide range of BA Economics job opportunities available after completing the degree, which are also highly lucrative, BA Economics may just be the course that you may have been looking for. While you are looking for the best career options after BA Economics, you should also have an idea of the basic salary that graduates get at the start of their careers. Below we have discussed the job profiles and the average salaries:
Job Profile | Average Initial Salary |
|---|---|
Finance and Budget Analyst | INR 3,50,500 - 5,00,000 |
Banker | INR 3,75,000 - 7,50,000 |
Market Analyst | INR 4,00,000 - 6,50,000 |
Economist | INR 3,00,000 - 7,00,000 |
Business or Economic Writer/Journalist | INR 3,00,000 - 6,00,000 |
Investment Administrator and Analyst | INR 4,50,000 - 6,00,000 |
Sales Executive or Analyst | INR 2,50,000 - 4,50,000 |
Human Resources | INR 3,50,000 - 7,50,000 |
Operations Manager | INR 4,00,000 - 8,00,000 |
Top BA Economics Colleges in India
Candidates who are thinking of the best career options after BA Economics need to first complete their degree from a reputed college in India. Take a look at the top Economics colleges in India along with the course fees that will open up job opportunities after graduating:
College Name | Course Fee |
|---|---|
Sawai Madhopur College of Engineering & Technology (SMCET), Jaipur | INR 30,000 (Annually) |
INR 34,000 (Annually) | |
INR 13,00,000 (total course) | |
INR 60,000 (Annually) | |
INR 2,00,000 (Annually) | |
INR 50,000 (Annually) | |
Centurion University of Technology and Management (CUTM), Bhubaneswar | INR 60,000 (Annually) |
INR 75,000 (Annually) | |
Loyola College, Chennai | INR 33,000 (for entire course) |
Also Read:B.Com (Hons) vs Economics (Hons): Which is the Better Course?
If you are interested in applying for admission in one of the colleges mentioned, you can fill out theCommon Application Form available on our website, in order to take admission. Our education experts can help you with the entire admission process.
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