Best Career Options After BA Economics - Check Scope, Job Profile, Salary and Courses

Cyril Titus Zachariah
Cyril Titus ZachariahUpdated On: December 21, 2023 10:11 am IST

After getting a degree in BA Economics, the job opportunities are huge. To know more about Economics Honours scope, check out this article and find the job profiles, career options, salary offered, higher education prospects, and much more about the course.

BA Economics Career Scope

When it comes to financing and commerce courses, many might opt for B.Com, but BA Economics is the underdog in this field. BA Economics job opportunities are increasing day by day and this subject is gaining popularity. Someone who has graduated with an economics course is valued more in the global economy. Economics Honours scope will also increase in the near future as it is one of the most promising subjects that have a huge demand in the market. 

Thus, if you are a person who is interested in understanding economics, the motive and understanding behind each economic policy, the functioning of different economic strategies, and various economic principles, BA Economics jobs salary per month, then BA Economics may be the right option for you. In this article, you will be able to understand the scope of BA Economics, the job profiles on offer, and the average initial salary that is offered to a graduate.

About BA Economics

BA Economics is a subject that deals with every aspect of the finance and banking sector. Whether international or domestic, a BA Economics graduate will be able to analyse and give his/her professional opinion and suggestions on different economical aspects of an industry. BA Economics is a 3-year undergraduate degree program and those having an interest in banking, finance, market, economy, etc should study this course.

In the BA Economics course, candidates need to study some important subjects such as concepts of markets, principles of business and finance, micro and macroeconomics, demand and supply, inflation, and deflation of an economy, GDP, capital inflow and outflow, public policy, international trade, etc.

In India, colleges and universities have prepared the Economics curriculum in such as way that students are eligible to tackle any economic situation with expertise. An in-depth study of Economics will help candidates 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 policies to address economic challenges. As a result, there are BA Economics job opportunities for fresh graduates in the fields of banking, finance, analysis, etc.

What is the Scope of BA Economics?

While selecting the undergraduate course for yourself, the first question that comes to the student’s mind is the Economics Honours scope in the market. BA Economics, as a course, entails a bright future with a sea of opportunities in terms of job profiles as well as further education. However, it is the skills gained by the student during their course along with their ability to use their knowledge and skills that will decide the BA Economics job opportunities for every graduate.

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.

Career Options and Salary After BA Economics

Once you have graduated in BA Economics from one of the prestigious economics colleges in India, your BA Economics job opportunities will rise in the profiles mentioned below:

  • 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

Career Profile

Average Initial Salary

Finance and Budget Analyst

3,50,500 - 5,00,000

Banker

3,75,000 - 7,50,000

Market Analyst

4,00,000 - 6,50,000

Economist

3,00,000 - 7,00,000

Business or Economic Writer/Journalist

3,00,000 - 6,00,000

Investment Administrator and Analyst

4,50,000 - 6,00,000

Sales Executive or Analyst

2,50,000 - 4,50,000

Human Resources

3,50,000 - 7,50,000

Operations Manager

4,00,000 - 8,00,000

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 is students pursue higher education in the same or different fields. Some of the higher education possibilities have been mentioned below. BA Economics jobs salary per month varies considering various factors such as skills and work experience of the graduate along with the degree obtained, among others.

Apart from these job profiles, there are numerous government job openings for BA Economics graduates, especially in Government Banks and the RBI. Here is some Economics Honours scope in the Government Sector one can look into after pursuing the BA Economics degree:

  • Civil Services

  • Indian Statistical Services

  • Government Banks

In India, people who are able to secure a seat in one of the Government-run organisations have good career prospects as the remunerations offered to a government employee are impressive stable in the long-run.

Higher Education Options After BA Economics

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, in order to enhance your career prospects. Here are some PG courses to pursue after BA Economics:

The last three options mentioned above are all possibilities one can look into after completing their UG course. While MBA or PGDM will allow a BA Economics graduate to enhance their career opportunities in management and marketing fields, LLB will open up opportunities for becoming a Corporate Lawyer. These new fields and specialisations come with great remunerations and career growth opportunities.

On the other hand, one can pursue a B.Ed which will open up their Economics Honours scope in the field of teaching and professorship. This option is mainly for those who have a knack and an interest in teaching and further producing skilled and qualified professionals in the field. 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.

Best Career Options after BA Economics

You have already got an idea of the career opportunities that you will get after completing the BA Economics course from the aforementioned section. 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

A great career choice after completing a bachelor of economics is becoming a Market Analyst only if candidates have a curiosity in the marketing field and can use numbers and data for marketing products in an interesting manner. 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. 

Who is it suited for?

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. If you have a knack for numbers and handling finances and subjects such as economic policies pique your interest, then you may be able to pursue a BA Economics course in India.

With the dynamic nature of the economy, fluctuating at any given moment and the varying reasons behind such fluctuations, to pursue economics as a career one have the mental capacity to handle the immense pressure and obstacles that come their way. Since you are part of the team that handles the financial stability of the company or department you are employed in, the task gets much riskier and fragile and should be carried out with utmost dedication and determination.

Top B.A. Economics Colleges in India

Have a look at the top BA Economics Colleges in India along with the course fee that will open up your BA Economics job opportunities after graduating:

College NameCourse 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 Lacs

Acharya Bangalore B-School (ABBS), Bangalore

INR 60,000 (Annually)

BML Munjal University, Gurgaon

INR 2 Lacs (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)

 If you are interested in applying for admissions 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.

FAQs

Is BA Economics in demand in the Indian market?

BA Economics is amongst the most sought-after career options in the country and the reason behind this demand is the importance of economics in the business world. Hence, pursuing a BA Economics degree will be beneficial if you want to work in good job profiles.

Is it possible to get a job after completing the BA Economics degree?

There are various job opportunities after completing your graduate studies with a BA Economics degree. There are various good-paying and demanding job roles in economics, which you can apply for after completing your bachelor's and the job opportunities are increasing day by day and this subject is gaining popularity. 

 

What can a student study in BA Economics?

BA Economics is a subject that deals with every aspect of the finance and banking sector. Students will get to understand the economic concepts of an economy such as concepts of markets, principles of business and finance, micro and macroeconomics, demand and supply, inflation, and deflation of an economy, GDP, capital inflow and outflow, among other topics.

Can BA Economics graduates do higher studies?

Yes, BA Economics graduates can always go for higher studies and should never limit themselves to a bachelor’s degree. Higher education will further enhance the career prospects of the candidates in the long run. An MA in Economics or an M.Sc in Economics or an MBA/ PGDM degree will enhance their career opportunities in economics and management fields.

 

Who should pursue the BA Economics course?

Candidates who have a knack for numbers and handling finances and subjects such as economic policies interest you, then you may be able to pursue a BA Economics course in India. If you get to work as a financial analyst, then you need to handle the financial stability of the company which can get riskier and should be carried out with utmost dedication and determination.

 

Which are some of the top BA Economics colleges?

Some of the top BA Economics colleges are Sawai Madhopur College of Engineering & Technology (SMCET), Jaipur, Amity University, Gwalior, SP Jain School of Global Management (SPJSGM), Mumbai, Acharya Bangalore B-School (ABBS), Bangalore, BML Munjal University, Gurgaon, Amity University Raipur, Chhattisgarh, Centurion University of Technology and Management (CUTM), Bhubaneswar, The ICFAI University, Dehradun, etc. 

 

What is the work of a Market Analyst?

A Market Analyst 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 job of a Market Analyst is in great demand because of the focus on digital marketing and advertisements. 

 

Is BA Economics a tough graduation course?

A BA Economics degree is a demanding degree as it implicates studying many theoretical terms and concepts but it is not so tough. You have to dedicate a lot of time every day to understand the different economic topics and appear for the exam. 

 

What types of government jobs are available after BA Economics?

After completing BA Economics, graduates can get various types of government jobs such as Accountant, Income Tax Officer, Professor/ Assistant Professor, Economist, Financial Consultant, Budget Analyst, Data Analyst, Probationary Officer, IFS Officer, IAS Officer, Banker, Statistical Investigator, Audit Officer/ Auditor Compiler, etc. 

 

Which are the best career options after BA Economics?

Candidates who have completed their BA Economics from reputable universities/ colleges get into top companies in positions such as Finance and Budget Analyst, Bank Manager, Market Analyst, Economist, Business or Economic Writer/ Journalist, Investment Administrator and Analyst, Sales Executive or Analyst, Human Resources, Operations Manager, Investment Banker, etc. 

 

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