BA Economics

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Feb 21, 2024 16:06PM IST

BA Economics Overview

Bachelor of Arts in Economics or BA Economics is an undergraduate course lasting three years which teaches students about the basic ideas and methods used in economics. Students who have finished their 10+2 education from a certified board are eligible to study for a Bachelor of Arts in Economics, regardless of their previous field of study. Certain universities, such as Delhi University, offer admission to these programmes by considering the marks obtained by students in class 12th. However, institutions such as Christ University have their own entrance test for admitting students. 

BA Economics Subjects are structured in such a manner that they allow the development of skills in topics like: micro and macroeconomics, mathematical economics, statistics, econometrics, financial markets, public policy making, etc. BA in Economics core subjects include Principles of Microeconomics, Macroeconomics, International Economics, Development Economics, Environmental Economics, Public Finance, Economics of Taxation, etc.

Following completion of the course, individuals are eligible for BA Economics jobs including economic analyst, research associate, statistician and financial analyst among others. These positions can be found within companies engaged in business activities, banking sectors, rating agencies or management consulting firms as well as export-driven businesses. BA Economics salary for freshers is estimated to span from INR 3 to 6 lakhs. They also have the option to pursue advanced degrees such as a Master's in Economics, MBA or even a PhD, which could lead them to higher positions within economic consultancy, creating policies, planning strategies, predicting market trends and researching stocks. This can result in significantly larger incomes.

Generally, BA Economics gives you the understanding of concepts and ability to analyse things. This creates a solid base for successful jobs in the economics area.

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BA Economics Latest Updates

BA Economics admission is determined by the results of the CUET entrance exam. The CUET exam dates for 2024 have been announced. The National Testing Agency will administer the CUET UG Exam 2024 between May 15 and May 31, 2024.

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BA Economics Course Highlights

BA Economics is a three-year undergraduate degree. Get details of the programme such as course duration, course fee, course level, and more below:

ParticularsDetails
Name of the CourseBachelor of Arts in Economics or BA Economics
Course LevelUndergraduate
Course Duration3 years
Course ModeRegular/Full-time
Course Eligibility CriteriaPassed class 12th with a minimum 50% aggregate or above marks from a recognised school board
Course AdmissionMerit-based/Entrance Exam-based
Top Entrance ExamsCUET
Top BA Economics Colleges in IndiaSRCC, Hindu College, Loyola College, Hansraj College and others
Average Course Fees INR 15k - 65k
Average Annual Salary INR 4 - 15 LPA 
Job Profiles Economist, Auditor, Financial Analyst, Financial Planner, Statistician and others 
Areas of Employment 
  • Banking and Finance 
  • Consulting Firms 
  • Government Agencies 
  • Research Organisations 
  • International Organisations 
  • Data Analysis Firm 
  • Economic Planning Departments 
  • Academic Institutions
  • Business Development Departments 
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Why Choose BA Economics?

Here are a few key reasons why studying Bachelor of Arts in Economics can be a good choice:

Develop Analytical Skills - An economics degree sharpens your ability to think critically, analyse data, identify trends and solve complex problems. These skills are valued in many industries.
Flexible Career Options - With a BA in Economics you can work in a variety of fields like finance, business, government, law, international organisations, research, journalism etc. It opens up many career paths.
Understand the World - You will learn how markets, trade, fiscal and monetary policies, production, consumption etc interact and affect the economy as a whole. This helps make sense of the world.
High Demand - Economics graduates are in high demand in both the private and public sector. The job prospects for econ majors are usually quite good.
Well-Rounded Perspective - Economics gives you a broad base of knowledge and teaches you to think from multiple perspectives. This helps in decision making.
Strong Analytical Foundation - The rigorous training in economic theory, mathematics and statistics provides a strong base for graduate studies in economics, business, public policy etc.

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What is an Online BA Economics Degree?

An online BA in Economics programme gives the students a chance to earn their degree without having to be physically present in classrooms and lecture rooms

Here are some key things to know about online BA Economics degrees:

Curriculum - The online curriculum is as comprehensive as a campus economics BA Economics programme, containing subjects like microeconomics, macroeconomics, econometrics, international economics, public economics, monetary economics, financial markets etc.
Flexibility - Online programmes offer students to study as per their respective schedules. You can study while you still work or continue with other responsibilities.
Accessibility - Economics education online offers a way out to students who cannot be physically present in a campus due to distance, costs, or other constraints.
Virtual Lectures - Instead of in-person lectures, instruction is provided through videos, online classes, virtual office hours with profs etc.
Self-Paced Learning - Certain programs offer flexibility in coursework, permitting students to go faster where they are most comfortable and slower at places where they are stumbling.
Interactive - There exist interactive forums where one connects with professors and mates through the online platforms. Nevertheless, online programs are not as interactive as compared to the traditional programmes.
Price - The main difference between online and on-campus programs is the cost, in the form of tuition and other expenses.
Credentials: The accredited online BA Economics degree is as valid as the campus ones, though the stigma surrounding online education is prevalent in some circles.

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Difference Between BA Economics and Other Courses

The difference between the BA Economics and BA (Hons) Economics Degrees is tabulated below:

BA Economics vs BA (Hons) Economics Degrees

The BA Economics course provides a comprehensive understanding of economic principles, theories, and their real-world applications. However, it may or may not be similar to other courses such as BA (Hons) Economics. To find out more about the differences and similarities check below: 

BA Economics BA (Hons) Economics 
This course focuses on the fundamental principles and theories of economics. BA (Hons) Economics provides an in-depth and specialised study of economics. 
The course offers a broad range of electives, allowing students to explore other disciplines alongside economics. The course puts more emphasis on economics-specific subjects, with fewer elective options. 
It has a typically shorter duration of three years. It is longer than the BA Economics programme. It may extend to four years. 
It provides a solid foundation in economics for pursuing various career paths or further higher studies. This course is designed for students who have a keen interest in economics. Also provides advanced knowledge and research skills for specialised careers or postgraduate studies. 
It is said to have less rigorous admission in comparison to BA (Hons) Economics programme. It often requires higher academic achievements or a competitive selection process for admission. 

It is important to note that the specific features and offerings of BA Economics and BA (Hons) Economics programmes may vary between universities. Prospective students should refer to the respective universities' websites or official information for detailed programme requirements and curriculum details.

BA Economics vs BSc Economics

The difference between the BA Economics and BSc Economics Degrees is tabulated below:

CourseBA EconomicsBSc Economics
Full FormBachelor of Arts in EconomicsBachelor of Science in Economics
AboutA Bachelor of Arts in Economics (BA Economics) is an undergraduate degree that teaches students how to analyze and interpret data using statistical and economic methods. The degree covers topics like market dynamics, public policy, and economic development.A Bachelor of Science in Economics (BSc Economics) is a graduate-level degree program that can take three to four years to complete. The programme teaches about economics and the importance of economic development. It also teaches students the fundamentals of micro and macroeconomics, as well as the tools and techniques used to analyse economic issues.
StreamArtsScience
Course Duration3 years3 years
Eligibility Criteria 10+2 with a minimum of 50% marks10+2 with a minimum of 50-55% marks.
Entrance ExamsCUET CUET 
Top CollegesRamajs College, Ethirraj College, Jai Hind CollegeSt. Xavier’s College, Christ University, Jadavpur University
Course FeesINR 15k – 65kINR 10k - 1 LPA

BA Economics vs BBA

Here's a comparison between BA Economics and BBA (Bachelor of Business Administration) in table format:

BA EconomicsBBA
Focuses on the study of economic theories, principles, and their applications.Emphasizes the study of business administration, management principles, and operational aspects of organizations.
Provides a broad understanding of economic systems, policies, and socio-economic issues.Equips students with foundational knowledge in business disciplines such as marketing, finance, human resources, and operations.
Offers a range of elective subjects, allowing students to explore various disciplines alongside economics.Typically offers a more structured curriculum with a specific focus on business-related subjects.
Can lead to career opportunities in economics, research, finance, policy analysis, and various industries where economic knowledge is valued.Primarily prepares students for managerial roles in organizations, entrepreneurship, and leadership positions in the business world.
Provides a solid foundation for pursuing postgraduate studies in economics, public policy, or related fields.Often serves as a stepping stone for pursuing an MBA (Master of Business Administration) or other specialized business-related master's degrees.

It's important to note that the specific features and offerings of BA Economics and BBA programs may vary between universities. Prospective students should refer to the respective universities' websites or official information for detailed program requirements and curriculum details.

BA Economics vs BCom

BA Economics offers a broader understanding of economic theories and policies, suitable for careers in economics, research, and policy analysis. BCom provides a comprehensive understanding of commerce-related subjects, preparing students for careers in finance, accounting, and business-related fields. Here's a comparison between BA Economics and BCom (Bachelor of Commerce) in table format:

BA EconomicsBCom
Focuses on the study of economic theories, principles, and their applications.Emphasizes the study of various aspects of commerce, including accounting, finance, business law, and taxation.
Provides a broader understanding of economic systems, policies, and socio-economic issues.Provides a comprehensive understanding of business practices, trade, and financial operations.
Offers a range of elective subjects, allowing students to explore various disciplines alongside economics.Often includes specialized subjects related to commerce, such as financial management, marketing, auditing, and business communication.
Equips students with analytical and critical thinking skills for careers in economics, finance, research, policy analysis, and related fields.Prepares students for careers in commerce-related fields, including accounting, finance, banking, taxation, and corporate sectors.
Can lead to postgraduate studies in economics, public policy, or related fields.Often serves as a foundation for pursuing specialized postgraduate degrees in commerce, such as an MCom (Master of Commerce) or professional qualifications like CA (Chartered Accountant) or CMA (Certified Management Accountant).

It's important to note that the specific features and offerings of BA Economics and BCom programs may vary between universities. Prospective students should refer to the respective universities' websites or official information for detailed program requirements and curriculum details.

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Types of BA Economics Courses

BA Economics in India can be pursued full-time, part-time, or through distance learning. The following BA Economics course information is provided below.

Type of BA EconomicsEligibility CriteriaCourse Duration
BA Economics Full-TimeMust have completed 10+2 with Arts or Humanities with a minimum of 50% marks and Entrance Exam.3 Years
BA Economics Part-TimeMust have passed 10+2 with Arts or Humanities with at least 50% marks.3 Years
Distance BA EconomicsMust finish 10+2 with Arts or Humanities and a minimum of 45-50% marks.3-5 Years
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BA Economics Eligibility Criteria

Students who want to take BA Economics courses must meet the following requirements in order to be accepted into universities that offer BA Economics courses:

  • Students must pass the class 12th or equivalent exam from a recognized board with a minimum of 45% - 50% aggregate or equivalent CGPA from a recognized state board of education.
  • Some of the colleges/ universities may require a candidate to have passed Mathematics, Statistics, or Economics in 10+2 or equivalent examination.
  • In addition, there is no set age limit or criteria for obtaining a BA Economics admission; applicants of any age group are welcome to apply and enrol in the BA Economics program.

Required Skill Set for BA Economics

BA Economics graduates should acquire skills which will help them in their career progressions. Check out some of the skills below: 

Communication Skills Time Management 
Interpersonal Skills Problem-Solving Skills 
Team Work Data Analysis 
Critical Thinking Skills Commercial Awareness 
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BA Economics Entrance Exam

The entrance exam is necessary for admission to the top government and private BA Economics programmes in India. Because colleges release the final student list based on exam results, exams are the main requirement for students. The common entrance exam for a BA in Economics is:

  • CUET: The Common University Entrance Test is conducted by the National Testing Agency. It is an all-India test for admission to UG, PG and doctorate programmes.
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List of Popular BA Economics Specialisations

While this social science degree analyses the production, distribution, and consumption of goods and services, students can choose from various popular BA Economics specialisations dedicated to a specific area of the study of economics. Check out the different Economics specialisations available for aspirants to choose from:

  • Financial Economics
  • Commerce
  • Business Economics
  • Applied Economics
  • Social Economic Policy
  • Agricultural Economics

Students also have the option to pursue BA in Economics with different degrees such as Politics, History, or Psychology.

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BA Economics Admission Process in India

The application procedure may differ slightly from other courses since BA Economics programmes in India require a specific set of abilities and knowledge. A group discussion or interview follows the entrance exam, which is still the primary method used by most BA Economics colleges to select applicants. The following are the admissions procedures for BA Economics programmes in India.

  • Entrance-Based BA Economics Admissions
  • Merit-Based BA Economics Admissions

The general steps to admission for a BA in Economics vary depending on the college, but they are as follows:

Step 1: Fill out and submit the online BA Economics application.

Step 2: Pay the registration fee and any additional costs that might be incurred in the event that admission is decided by merit. Admission to the entrance-based BA Economics programme requires the completion and passing of an exam.

Step 3: Those who made the short list will be invited to move on to the next round of interviews, group discussions, or counselling, depending on the nature of the process.

Step 4: Candidates must submit all necessary paperwork and fees in order to be admitted to the BA Economics programme, having completed the previous steps.

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Direct BA Economics Admission Process Without Entrance Exam

In most colleges and universities, admissions to the BA Economics course are based on merit. A written 10+2 exam, a series of in-person interviews, and/or a qualifying exam relevant to the course will determine which candidates are accepted into the BA Economics course. Under these scenarios, candidates are usually selected on the basis of their academic standing and their results on a prior important exam.

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BA Economics Fees in India

The course fees for BA Economics vary between INR 15k and INR 65k. The facilities and amenities offered by the college or university, as well as the level of education provided, affect the course's fees. The average yearly course fee for well-known universities that offer the course is shown below:

  NameCollegeAnnual Fee (in INR)
Hansraj College, Delhi 15k
Lady Shri Ram College for Women, Delhi 65 k
GD Goenka University, Delhi 20k
St. Xavier’s College, Mumbai 35k
NMKRV College for Women, Bangalore 15k

Note: The fees mentioned above are subject to change.

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BA Economics Syllabus

BA Economics syllabus and subjects are organised in such a way that students have a deeper comprehension of the course's numerous disciplines, which is necessary for them to develop knowledge in future courses. The following are some of the most important topics covered in this programme:

Semester 1 Semester 2 Semester 3 
Micro Economics Macroeconomics-IMacroeconomics-II
Introduction to Political Science Ethics, Philosophy and Logic Introduction to Psychology 
English Language Professional Communication Principles of Management 
Linear Algebra Calculus Issues in Development and Growth 
Probability and Statistics Statistical Inference Mathematical Analysis for Economists 
Computer Skills and Applications History of the Indian Economy Environmental Studies 
Semester 4 Semester 5 Semester 6 
Banking and Market Regulations International Finance and Financial Institutions Elective Stream-I
Indian Economy-IIntroduction to Database Management Systems & Economic Applications Elective Stream-II
History of Economic Thought Econometrics-IIThesis 
Public Finance Indian Economy-II-
International Trade Financial Economics -
-Public Policy -
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BA Economics Subjects

BA Economics course subjects provides students with a comprehensive understanding of economic theories, principles, and their practical applications. Here is an overview of the BA Economics core and BA Economics optional subjects covered in the course curriculum:

 Core SubjectsOptional Subjects (Electives)
Microeconomics Econometrics 
Macroeconomics Development Economics 
Mathematical Economics International Economics 
Statistics Monetary Economics 
Financial Economics Public Economics 
Managerial Economics Environmental Economics 
Economic History Labour Economics 
International Trade Urban Economics 
Economic Policy Agricultural Economics 
Research Methodology Behavioural Economics 
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Top Private BA Economics Colleges in India

In India, there are numerous private universities that provide BA Economics programmes. A private university charges far more in tuition than a public university does. The private BA Economics colleges in India as well as the BA Economics fees are listed in the table below:

Top Private BA Economics CollegesFee Structure (Entire Course)
Loyola College, ChennaiINR 33k
PSG College of Arts and Science, CoimbatoreINR 21k
PSGR Krishnammal College for Women, CoimbatoreINR 15k
St Thomas College, ThrissurINR 15k
St Teresa's College, ErnakulamINR 27k
Mar Ivanios College, NalanchiraINR 15k
Viva College, VirarINR 22k
Sacred Heart College, KochiINR 18k
St Joseph's College, TiruchirappalliINR 22k

Note: The fees mentioned above are subject to change.

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Top Government BA Economics Colleges in India

Government-run colleges charge less in tuition than private universities do. In India, these universities are highly regarded for providing excellent education. The government BA Economics colleges and fees in India are listed in the table below:

Top Government BA Economics CollegesFee Structure (Entire Course)
St Xavier's College, AhmedabadINR 24k
Government Arts College, CoimbatoreINR 14k
Presidency College, ChennaiINR 15k
Farook College, KozhikodeINR 16k
Maharaja's College, ErnakulamINR 15k
Government Victoria College, PalakkadINR 15.3k
Government Girls College, AjmerINR 15.5k
Parul Institute of Arts, VadodaraINR 65k
Khoirabari College, UdalguriINR 19k

Note: The fees mentioned above are subject to change.

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Top BA Economics Colleges in India

India offers numerous prestigious institutions for pursuing a BA Economics degree. These colleges are known for their academic excellence, experienced faculty, and overall reputation. They provide a conducive environment for students to develop a strong foundation in economics, critical thinking skills, and analytical abilities. Admissions to these colleges are competitive and may involve entrance exams, merit-based selection, or a combination of both. Prospective students should research the specific admission criteria and offerings of each college to make informed decisions about their education and future career prospects.

Here is a table outlining some of the top BA Economics colleges in India:

CollegeLocation
Delhi School of EconomicsNew Delhi
St. Stephen's CollegeDelhi
Loyola CollegeChennai
Presidency CollegeChennai
Shri Ram College of Commerce (SRCC)Delhi
Lady Shri Ram College for WomenDelhi
St. Xavier's CollegeMumbai
Christ UniversityBengaluru
Madras Christian CollegeChennai
Hindu CollegeDelhi

A few of the top BA in Economics state-wise colleges are mentioned below:

BA Economics Colleges in Delhi 

Here's a table showcasing some prominent colleges offering a BA in Economics program in Delhi:

CollegeLocation
Delhi School of EconomicsNorth Campus, Delhi University
St. Stephen's CollegeNorth Campus, Delhi University
Lady Shri Ram College for WomenSouth Campus, Delhi University
Shri Ram College of Commerce (SRCC)North Campus, Delhi University
Hansraj CollegeNorth Campus, Delhi University
Miranda HouseNorth Campus, Delhi University
Sri Venkateswara CollegeSouth Campus, Delhi University
Jesus and Mary CollegeSouth Campus, Delhi University
Gargi CollegeSouth Campus, Delhi University
Kamala Nehru CollegeSouth Campus, Delhi University

These colleges in Delhi are renowned for their BA in Economics programs, distinguished faculty, and academic excellence. They offer a conducive learning environment and numerous opportunities for students to enhance their knowledge and skills in economics. Prospective students should refer to the official websites of these colleges for specific admission criteria, curriculum details, and other relevant information.

BA Economics Colleges in Mumbai

Here are some prominent colleges in Mumbai offering a BA in Economics programme:

CollegeLocation
St. Xavier's CollegeFort, Mumbai
Jai Hind CollegeChurchgate, Mumbai
Mithibai CollegeVile Parle, Mumbai
Narsee Monjee CollegeVile Parle, Mumbai
Ramnarain Ruia CollegeMatunga, Mumbai
K. J. Somaiya CollegeVidyavihar, Mumbai
SIES College of Arts, Science, and CommerceSion, Mumbai
H.R. College of Commerce and EconomicsChurchgate, Mumbai
Wilson CollegeGirgaon, Mumbai
R.A. Podar CollegeMatunga, Mumbai

These colleges in Mumbai are known for their strong academic programs, experienced faculty, and vibrant learning environments. As admission criteria and availability of courses may vary, prospective students are encouraged to visit the official websites of these colleges for detailed information on admissions, curriculum, and other relevant aspects.

BA Economics Colleges in Bangalore

Here are some well-known colleges in Bangalore offering a BA in Economics programme:

CollegeLocation
Christ UniversityHosur Road, Bangalore
St. Joseph's CollegeLangford Road, Bangalore
Mount Carmel CollegePalace Road, Bangalore
Jain UniversityJC Road, Bangalore
Christ (Deemed to be University)Kengeri Campus, Bangalore
Jyoti Nivas CollegeHosur Road, Bangalore
National CollegeBasavanagudi, Bangalore
Bangalore UniversityJnana Bharathi Campus, Bangalore
Maharani Lakshmi Ammanni CollegeMalleswaram, Bangalore
MES College of Arts, Commerce, and ScienceMalleswaram, Bangalore

These colleges in Bangalore offer BA in Economics programs and provide a quality education in the field. Each college may have its own admission criteria, curriculum, and facilities, so it is recommended for prospective students to visit the official websites or contact the colleges directly for detailed information on admissions and other relevant aspects.

BA in Economics Colleges in Chennai

Here are some renowned colleges in Chennai offering a BA in Economics programme:

CollegeLocation
Loyola CollegeNungambakkam, Chennai
Presidency CollegeKamarajar Salai, Chennai
Madras Christian CollegeTambaram, Chennai
Stella Maris CollegeCathedral Road, Chennai
Women's Christian CollegeCollege Road, Chennai
Ethiraj College for WomenEgmore, Chennai
Queen Mary's CollegeMylapore, Chennai
The New CollegeRoyapettah, Chennai
DG Vaishnav CollegeArumbakkam, Chennai
Madras School of EconomicsGandhi Mandapam Road, Chennai

These colleges in Chennai are known for their academic excellence, experienced faculty, and vibrant learning environments. It is advisable for prospective students to refer to the official websites or contact the colleges directly for detailed information on admissions, curriculum, and other relevant aspects as admission criteria and availability of courses may vary.

BA in Economics Colleges in Kolkata

Here are some reputed colleges in Kolkata offering a BA in Economics programme:

CollegeLocation
Presidency UniversityCollege Street, Kolkata
St. Xavier's CollegePark Street, Kolkata
Jadavpur UniversityJadavpur, Kolkata
Loreto CollegeMiddleton Row, Kolkata
Scottish Church CollegeUpper Circular Road, Kolkata
Shri Shikshayatan CollegeLord Sinha Road, Kolkata
Bhawanipur Education Society CollegeElgin Road, Kolkata
Goenka College of Commerce and Business AdministrationB.B.D. Bagh, Kolkata
Ramakrishna Mission Vivekananda Centenary CollegeRahara, Kolkata
Ashutosh CollegeBallygunge, Kolkata

These colleges in Kolkata are esteemed institutions known for their academic standards, faculty expertise, and vibrant campus life. Prospective students are advised to visit the official websites or contact the colleges directly for detailed information on admission procedures, course offerings, and any specific requirements.

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Career Options After BA Economics

BA Economics degree opens up a wide range of job opportunities and promising career prospects. Graduates with this qualification possess a strong foundation in economic principles, data analysis, and critical thinking, which are highly sought after in various sectors. Here are some potential career options and job prospects after BA Economics for graduates:

Job Profile Description of job role 
Economic Analyst Many organisations, including government bodies, financial institutions, and research firms, hire economic analysts to analyse economic data, forecast trends, and provide insights for decision-making. 
Business Consultant With their strong analytical skills, economics graduates can work as consultants, assisting organisations in areas such as market entry strategies, pricing strategies, and performance optimisation.
Financial Analyst BA Economics graduates can work as financial analysts, examining financial data, assessing investment opportunities, and offering recommendations to clients or organisations.
Market Researcher Analyst These professionals analyse market trends, conduct surveys, and gather data to help companies understand consumer behaviour, assess market demand, and make informed business decisions.
Data Analyst Proficiency in data analysis equips economics graduates to work as data analysts, extracting insights from large datasets, conducting statistical analysis, and supporting evidence-based decision-making.
Policy Analyst BA Economics graduates can work as policy analysts, evaluating the impact of government policies, proposing policy reforms, and contributing to public policy-making processes.
Researcher Graduates can pursue research roles in academic institutions, think tanks, or research organisations, conducting economic research, publishing papers, and contributing to the development of economic theories and policies.

BA Economics Top Recruiters

Candidates with a BA Economics degree are employed in a variety of financial industries, including banks, trading markets, and other government and private sectors of the economy.

Aspirants can get attractive employment offers from top worldwide organizations after successfully completing BA Economics. The following are some of the top recruiters for BA Economics programs:

  • Citigroup
  • JP Morgan Chase
  • Wells Fargo
  • ICBC
  • Allianz
  • AXA
  • Bank of America
  • HSBC

BA Economics Employment Areas

Agricultural companies, economic research institutions, analysis/ forecasting firms, stock exchanges, financial information firms, banks/ credit unions, international trade companies, manufacturing firms, statistical research firms, and more are all looking for BA Economics graduates. BA Economics jobs are available in a variety of industries and it pays well. The following are some regions where BA Economics students can be recruited after the BA Economics course completion:

  • Finance
  • Education
  • Business Entities
  • Law
  • Research and Development
  • Actuarial Science
  • Banking Institutions

BA Economics Salary

After completing a Bachelor of Arts in Economics, graduates can be employed in different roles. Given below is an idea of the salary prospects for BA Economics graduates in India:

Job Roles Salary Range  
Economic Analyst INR 4 - 10 LPA 
Financial Analyst INR 4 - 12 LPA 
Market Research Analyst INR 4 - 8 LPA 
Policy Analyst INR 4.5 - 12 LPA 
Data Analyst INR 4.5 - 10 LPA 
Business Consultant INR 5 -15 LPA 
Researcher INR 3 - 8 LPA 

Please note that the salary ranges provided are approximate and can vary depending on factors such as years of experience, location, organisation, and individual skills.

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Courses After BA Economics Degree

The first course that we'll discuss is the MA in Economics, which can be pursued immediately after getting a BA in Economics. 

MA Economics

A Master of Arts in Economics (MA Economics) is a two-year postgraduate degree that studies economic development and various branches of economics. It provides an in-depth understanding of the finance and management sectors and develops skills to face challenges in the industry.  Some topics covered in the course include: Monetary economics, Elementary statistics, International trade. MA Economics graduates can pursue careers as financial analysts, trade analysts, bank managers, and marketing managers. The average salary of a professional economist in India is between INR 88k to INR 1.32L per month. To be eligible for an MA Economics, you need a bachelor's degree in economics or a relevant field of study with a minimum of 50% at the graduation level. 

After completing their bachelor's and postgraduate degrees, students can pursue research studies or a PhD in Economics.

PhD in Economics

A PhD in Economics can teach you how to analyse economic data, evaluate public policy, and understand macroeconomic variables. With a PhD, you can work for a college, the Federal Reserve, banks, or other organisations. You can also become a public intellectual by writing books or working in the media. 

Furthermore, after completing the BA in Economics, candidates are also eligible to continue on to professional programmes like: 

  • Chartered Accountancy: CA stands for Chartered Accountant. Chartered accountants are globally recognised financial professionals who work for corporations, governments, and individuals. They handle budgets, audits, taxes, and business strategies for their clients. 
     
  • Company Secretary: A prestigious professional qualification programme, the Company Secretary (CS) course gives you the information and abilities to become a valuable advisor to businesses on legal, financial, and governance issues. The legal facets of a company or sole proprietorship are managed by a certified company secretary. In addition to maintaining and auditing the company's tax returns, a CS also keeps records, counsels the board of directors on the financial standing of the business, and makes sure the business complies with all applicable laws and regulations.  
     
  • Cost and Management Accounting (CMA): Cost and Management Accounting (CMA) is a certificate course that leads to the CMA designation. The designation may lead to a lucrative career in business accounting. CMA focuses on financial understanding to help organisations succeed by providing credible financial information and analysis. Cost accounting is the analysis, calculation, and control of an organization's costs. Management accounting provides both financial and non-financial information to help with planning, decision-making, and control. 
     
  • Chartered Financial Analyst (CFA): A Chartered Financial Analyst (CFA) is a professional designation awarded by the CFA Institute to financial and investment professionals. The CFA exam consists of three parts that cover the fundamentals of investment tools, asset valuation, portfolio management, and wealth planning.  
     
  • Bachelor of Laws (LLB): A Bachelor of Laws (LLB) is an undergraduate degree in Law Sciences. The purpose of the LLB syllabus is to provide students with a solid understanding of legal concepts, research techniques, and the roles and responsibilities that lawyers have in society. Depending on the jurisdiction, obtaining this degree is frequently necessary in order to sit for bar exams or become a licenced practitioner.
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FAQs about B.A. Economics

Is BA Economics good for IAS?

When it comes to UPSC exams, pursuing a BA Economics degree can be a favourable choice. Opting for other subjects such as Ecology, Psychology, Politics, and Geography within the BA programme can greatly enhance your preparation for the UPSC exams. These subjects offer valuable knowledge and insights that can significantly contribute to your success in the UPSC examination.

Can I study Economics if I am weak in Math?

If you have the willingness and potential to excel in mathematics, pursuing Economics can be suitable for you. Economics heavily relies on mathematical concepts. If you faced challenges in math due to inadequate teaching or lack of motivation, there is still hope. However, if you had proficient teachers and dedicated effort in mastering math, it might be better to explore other career options that align better with your abilities.

What skills are required to become an Economist?

To become an Economist, several key skills are essential. These include strong analytical and critical thinking abilities, proficiency in data analysis and statistical techniques, excellent problem-solving skills, effective communication and writing skills, a deep understanding of economic principles and theories, and the ability to interpret and present complex economic information.      

Can we do BA Economics without Math?

No, it is not possible to pursue a BA Economics degree without having some background in mathematics. While some mathematical concepts and techniques are incorporated into the curriculum, the emphasis is more on economic theory and analysis. However, having a basic understanding of math, particularly statistics, can be beneficial in comprehending and applying economic principles effectively.

Which is better, BA Economics or B.Sc Economics?

The choice between BA Economics and BSc Economics depends on individual preferences and career goals. This course offers a broader interdisciplinary approach, incorporating subjects like humanities and social sciences. While BSc Economics focuses more on quantitative and scientific aspects of economics. You have to choose based on your interests and desired career trajectory.

Is BA Economics good for Commerce students?

Yes, BA Economics can be a good choice for Commerce students. It provides a deeper understanding of economic principles, analysis, and decision-making. Commerce students already have a foundation in subjects like accounting and business, and combining it with economics can enhance their knowledge and expand career opportunities in fields such as finance, consulting, and policy analysis.

What is the future of Economics courses in India?

The future of Economics courses in India appears promising. With the country's growing economy and the increasing importance of data-driven decision-making, there is a growing demand for economists and economic analysts. Graduates with strong analytical and critical thinking skills can expect ample opportunities in various sectors, contributing to economic development and policy formulation.

Do Economists earn higher salaries?

Economists in India can earn higher salaries compared to average professionals, especially with experience and expertise. The salary range for economists in India varies based on factors such as qualifications, job roles, and organisations. Generally, economists can earn anywhere from INR 6-20 LPA or even higher, depending on their level of seniority and the sector they work in.

What is the starting salary after BA Economics?

The starting salary after completing a BA Economics degree can vary based on various factors such as the job role, industry, location, and individual skills. On average, graduates can expect a starting salary ranging from INR 3-6 LPA in India. However, it's important to note that actual salaries may differ and can be higher or lower depending on specific circumstances.

Does BA Economics contain Math?

Yes, BA Economics typically includes mathematical components. Students studying economics will encounter mathematical concepts and techniques, such as calculus, statistics, and algebra, as they are essential for economic analysis and modelling. However, it is not mandatory to have maths for pursuing BA in Economics. Also, some colleges and universities offer admission to this course without strict mathematics prerequisites.

Which is better, BA English or BA Economics?

The choice between BA English and BA Economics depends on individual interests and career aspirations. BA English focuses on literature, language, and communication skills, while BA Economics emphasises economic theory and analysis. You have to consider your passion for language and literature versus your interest in economic principles and analysis to determine which programme aligns better with your personal and professional goals.

Is BA Economics tougher than B Com?

Science students may initially find it challenging to pursue a B Com course due to limited familiarity with the subject matter. It is important to note that Mathematics is not a mandatory requirement for B Com. On the other hand, Science students may find BA Economics is comparatively easier as it incorporates elements of Statistics and Mathematics, which aligns with their academic background.

Is BBA better than BA Economics?

The choice between a BBA (Bachelor of Business Administration) and a BA in Economics depends on individual interests and career goals. BBA focuses on business management and administration, while BA Economics emphasises economic theory and analysis. Both degrees have their own merits and can lead to diverse career paths. It is essential to consider your interests and desired career trajectory to determine which programme aligns better with your goals.

Which is better B Com or BA in Economics?

Both the programmes are good, but the choice between the B Com or BA in Economics programme depends on your interest and future scope. A B Com in Economics is recommended for students interested in banking and business, while a BA in Economics is recommended for students interested in demand and supply and the behaviour of commodities.

Is BA Economics a good choice?

Yes, pursuing a BA Economics course is a good choice for individuals interested in understanding and analysing the complexities of the economy. It offers a strong foundation in economic principles, analytical skills, and critical thinking, which are highly valued in various sectors. The degree opens up diverse career opportunities and provides the knowledge and skills needed to make informed decisions and contribute to economic growth and development.

What is in BA Economics?

BA Economics course includes Microeconomics, Macroeconomics, Econometrics, Mathematical Economics, Development Economics, International Economics, Monetary Economics, Public Finance, Managerial Economics, and Economic History. Additionally, students may also have to study subjects such as Statistics, Mathematics, Accounting, and Business Economics to complement their understanding of economic principles and analysis.

Is BA Economics easy?

BA Economics is a lot easier for students with a science background as it involves mathematics and statistics. Also, students from the science stream are already familiar with critical maths and statistics as compared to commerce students who may find this course a bit difficult due to the presence of complex math and statistics problems.

Can I do CA with BA Economics?

Yes, you may pursue CA professional programme with a BA Economics course, as along with the CA course one can pursue other degree programmes too. Both the courses also share common subjects such as taxation, costing, law, accounting, auditing, and others. However, after your IPCC in CA, you will have to finish your degree programme and then continue with article ship.

Is Economics a tough subject?

Economics as a subject can be tough and demanding because it includes several different disciplines like mathematics, business, psychology, finance and others. However, if you are interested and are consistent you will have fun understanding this subject. You also have to apply practical approaches to understand economic principles and issues then the subject will become fun and easier to understand.

What skills are required for BA Economics?

The BA Economics aspirants should possess various soft skills and qualities to enhance their expertise. They should have skills such as Management Skills, Analytical Skills, Problem-Solving Skills, Mathematical Skills, Effective Communication skills, Good Work Ethics, Data Management, Risk Assessment, Project Management, Application of Economics Models, and Economic Research skills.

Do economists make good money?

The starting salary of a BA Economics graduate in India ranges from 3.5 - 6 LPA. Due to an increase in demand for economists in India, the salary projection is going to positively increase in the future. While with experience in the field and expertise, the candidate can also expect an increase in terms of salary and career growth.

Are Economists in high demand?

As per reports, between 2019 and 2029, economist employment is predicted to rise at a rate of 14%, substantially faster than the average for all occupations. The demand for economists is predicted to rise as the global economy becomes more complicated. The business climate is becoming more competitive which further makes a BA Economics degree more lucrative.

Is BA Economics a good degree?

Yes, BA Economics is a good degree if your interest ranges in this course. It is a solid starting point for any finance-related employment. A typical employment route for a graduate in this course is in data analysis, actuarial analysis, investment analysis, and other various jobs. The salary packages offered after the degree is decent and is a reputed career path option for many.

What are the subjects in BA Economics?

Some of the core subjects available in the BA Economics programme include Indian Economy, Econometrics, Economics Statistics, Macroeconomics, Microeconomics, History of Economics, Economic Theory, Economy and Society, Development Theory, and others. The electives of this programme include Political Economy, Advanced Macroeconomics, Money and Financial Markets, International Economics, and more.

What are the jobs after BA Economics?

Pursuing a BA Economics course can lead to a variety of intriguing professional opportunities. Some of the career profiles available after completing the course are Auditor, Stock Broker, Budget Analyst, Financial Analyst, Economist, Investment Banker, Business/ Economic writer, Economist, Market Researcher Analyst, Cost Estimator, and Customer Profit Analyst.

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Related Questions

A

Abhik Das, Student / Alumni

-Answered on Jan-15-2024

Dear student, the Government Girls PG College Rewa is yet to announce its BA admission schedule for the academic year 2021-22. The contact details of the admission office of the institute have been provided below - 

 Phone No. : 07662256868

 Mobile No. : 9425329967

The online admission application form is released on the institute’s official website homepage. Interested students can apply for admission into various courses that the institution offers. The aforementioned contact numbers can also clear all your admission-related doubts and queries. 

Also, several similar reputed institutions have already started their BA intake process for the academic year 2021-22. These colleges can be accessed easily through our common application form. Apply for admission into these colleges through our form before the final application submission date. Call 18005729877 for more details regarding this direct admission process.

K

Kanwaldeep singh, Student / Alumni

-Answered on Nov-22-2023
You can contact the centre once through you have taken admission. You can also contact the university or call on the toll-free numbers for more help.
K

Kanwaldeep singh, Student / Alumni

-Answered on Oct-25-2023
LPU offers more than 300 programs even BA also. The admissions for 2023 session have been closed. The registration for LPUNEST 2024 phase 1 has been started. The slot booking will starts from 1st January 2024 and last date is 15th January 2024. The exams will be in between 20 January to February 05, 2024. The result will be declared within 48 working hours. Interviews & Counselling will be disclosed by the university. I would suggest you to to register on priority & book the seat once you get the option to book seat. Goodluck!!