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

Cyril Titus Zachariah
Cyril Titus ZachariahUpdated On: July 12, 2022 04:40 pm IST

B.A. Economics provides diverse career opportunities and promising future prospects. Check out the different job profiles, career options, salary offered, higher education prospects, and much more about B.A. Economics here.

BA Economics Career Scope

When it comes to financing and commerce courses, many might opt for B.Com, but the underdog in the field has been BA Economics. Over the years, BA Economics has been gaining popularity among commerce and banking aspirants. The value of a person who graduated from one of the economics courses in India is in high value as the global economy in itself is in a dire situation.

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, 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 as a course that details each and 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.

Like many other courses, aspirants will go through various different subjects under BA Economics such as concepts of markets, principles of business and finance, micro and macro-economics, demand and supply, inflation, and deflation of an economy, GDP, capital inflow and outflow, among other topics.

In India, the educational institutions have uniques designed the curriculum to ensure that the students are trained and qualified to tackle any and each economical situation with expertise. Therefore, the importance of such a degree is astronomical as the in-depth knowledge of an economist can either save a company/organisation or even the country from bankruptcy and huge debts.

What is the Scope of BA Economics?

While selecting the undergraduate course for yourself, the first question that each aspirant asks is the future scope of the course. 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 along with their ability to use their knowledge and skills gained in the professional world, that will dictate the true scope of BA Economics for each and 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 options and with the correct skill, knowledge, and experience, the pay package one can receive after graduating BA Economics can be highly lucrative.

Career Options and Salary After BA Economics

Once you have graduated in the course from one of the prestigious economics colleges in India, you can pursue career options after BA Economics in one of the following profiles and fields:

  • 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 job openings mentioned above are just some of the avenues available to a BA Economics 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. Moreover, the initial salary varies over different parameters including the 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 are some Career Options in the Government Sector one can look into after pursuing BA Economics:

  • 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. One can always choose to pursue higher studies after completing their 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 B.Ed, which opens up opportunities 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.

Who is it suited for?

With such a wide range of options available after BA Economics, 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 B.A. Economics Colleges in India along with the course fee here:

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 B.A. Economics hard or easy?

Economy is considered to be the tough amongst the other commerce stream options.

Can Economists work in the hospital?

Yes, Economists are required in the medical field as a Health Economist.

Is B.A. Economic good in future?

Yes, choosing B.A. Economics is a good option as it allows one to venture into numerous filed in the future.

. Can I get a government job after B.A. Economics?

Yes, the candidates can apply for government jobs after B.A. Economics. They can apply in government banks and take further competitive exams for growth.

Difference between B.A. Economics and B.Sc. Economics?

B.A. Economics focuses on the fundamental principles of Economics and its theories. Mainly covers the subjects like microeconomics, macroeconomics, statistics, Indian economy, history of economics, etc. whereas, B.Sc. Economics

What is the salary of a B.A. Economics?

The pay scale ranges between Rs. 3,75,000/ -  7,50,000/- per annum.

Is a B.A. or BS in Economics better?

Since B.A. Degree offers more of theoretical job offers and BS offers math-oriented jobs in hand. It is completely the choice of candidate’s interest.

What are the best colleges for economics in India?

Some of the best colleges for B.A. Economics are as follow:

  1. Shri Ram College of Commerce, New Delhi
  2. St. Stephen’s College, New Delhi
  3. Lady Shri Ram College, New Delhi
  4. St. Xavier’s College, Kolkata/Mumbai
  5. Loyola College, Chennai
  6. Hindu College, New Delhi
  7. Ashoka University, Sonepat
  8. Loyola College, Chennai
  9. Hansraj College, New Delhi
  10. Ethiraj College for Women, Chennai

What is the difference between B.A. Economics and B.A. Business Economics?

B.A. Business Economics mainly focuses on teaching the application of economics into the business. It includes organizational behavior, finance management, accounting, business communication, marketing, etc. Whereas, B.A. Economics focuses on the fundamental principles of Economics and its theories. Mainly covers the subjects like microeconomics, macroeconomics, statistics, Indian economy, history of economics, etc.

Is studying B.A. Economic includes maths as well?

Yes, candidates must know some basics of maths as it will be needed while studying other subjects like statistics in B.A. Economic program.

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