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

Updated On: October 28, 2024 06:35 PM

The opportunities after completing BA Economics are huge due to its demand in the market. The Best Career Options after BA Economics are working as an Economic Consultant, Financial Manager, etc. Find out other career options from this article.

Table of Contents

Best Career Options after BA Economics
Best Career Options after BA Economics: Other Options
Best Courses after BA Economics
Best Career Options after BA Economics with Salary
Top BA Economics Colleges in India
Faqs

BA Economics is a highly sought-after course that deals with finance, economy and banking and career options after BA Economics are huge. Those having a degree in economics can analyse and provide professional opinions and advice on different economic aspects of an industry. The BA Economics course is a 3-year UG degree that should be taken by individuals who have an interest in studying banking, finance, market, economy, etc. As Economics is the pillar system of a country, economics graduate gets ample opportunities in different fields. Students can find various job opportunities in banking, insurance, investment, etc. The best career options after BA Economics are budget analysts, economists, investment bankers, financial analysts, researchers, etc.

In India, students get to learn BA Economics in colleges in such a way that they are eligible to tackle any economic situation with expertise. Those with in-depth economics knowledge 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.

Also Check : Top 10 Career Options after BA Course

Best Career Options after BA Economics

The BA Economics graduates are in demand and they get lucrative career opportunities. 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. The CollegeDekho team has 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	Economic Consultant is one of the best-paying jobs in the field of economics and has a lot of perks. As an Economic Consultant, you will get to work for financial companies, private and public agencies, and research institutes.	The job of an Economic Consultant is to gather and analyse data, trends and patterns in the economy. To predict the future economic market and how will it affect the company that you are working for. To provide correct advice to the stakeholders and the officials of the organization.	Should have proper knowledge of economics, mathematical and statistical tools. Good observation and communication skills.	INR 9 Lakhs
Financial Risk Analyst	Financial Risk Analyst has 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 or work in areas where they have to use hedge fund analysis.	Understanding the risk coverage, the strategies for reducing the risks and increasing the profits of the organisation. The analysts have to continuously observe and look out for any kind of probable risks for the organization.	Frequently update themselves with current finance and market understanding. Analytical skills, communication, problem-solving and negotiation skills.	INR 6 Lakhs
Financial Manager	Financial Manager is very demanding career choice as every organisation needs a professional who can handle their finances accurately.	As a Financial Manager, you will also have to work as an accounting professional. Taking care of the financial well-being of the organisation that you work for. This means that the Financial Managers can advise their superiors about how and where to acquire and distribute the company’s assets so that, maximum ROI (return on investment) can be incurred.	Knowledge of finance and financial documents. Analytical skills Detail-oriented Communication, leadership and interpersonal communication skills Computer and technical skills.	INR 13 Lakhs
Market Analyst	The job of a Market Analyst is in great demand because of the rising focus on digital marketing and advertisements. The analyst works with data to unearth new marketing insights for the organisation.	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).	Good knowledge of data analysis, marketing knowledge, customer and company association understanding and great communication skills.	INR 8 Lakhs
Operations Manager	You can think of becoming an Operations Manager as a career option after BA Economics, if you have good leadership and administration skills along with knowledge of finance and numbers.	As Operations Manager, the experts will lead business and finance professionals who are involved in goods and service production. The managers will be responsible for looking over the numerous tasks and projects. At the same time, these managers will also have to review and analyse the records, analytical data and budgets and manage costs related to production.	Along with the knowledge of finance, the Operations Manager will need to have critical thinking skills, time management, leadership, and communication skills.	INR 7 Lakhs
Investment Analyst	Working in either a bank or an investment firm will help you earn a great package. It is one of the most demanding jobs in India currently.	Responsibilities of an Investment Analyst include monitoring inflation and deflation rates, researching the company, analysing the investment growth, making reports, and updating facts of the market and economics.	Good understanding of finance and economics Analytical skills Decision-making skills Communication and research skills.	INR 10 Lakhs
Business Consultant	Business Consultant 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.	Analytical mind with excellent data collection and analysis skills Problem-solving skills Communication and interpersonal skills.	INR 7 - 10 Lakhs

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 Courses after BA Economics

The BA Economics graduates can further improve their degree by doing higher studies. When you have a higher degree, it enhances your career prospects and job opportunities open up. Recently in India, it has been noticed that many graduates tend to pursue higher studies in different fields such as management or law or BEd, etc. However, it is also better to pursue courses that add value to the UG degree you pursued previously, to enhance your career chances. 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:

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. 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.

After studying Economics, students can shift to Commerce for higher studies such as M.Com or choose to do an MA Economics or M.Sc Economics. After completing a Master's, these graduates can also do a PhD in Economics. 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 with 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)
Amity University, Gwalior	INR 34,000 (Annually)
SP Jain School of Global Management (SPJSGM), Mumbai	INR 13,00,000 (total course)
Acharya Bangalore B-School (ABBS), Bangalore	INR 60,000 (Annually)
BML Munjal University, Gurgaon	INR 2,00,000 (Annually)
Amity University Raipur, Chhattisgarh	INR 50,000 (Annually)
Centurion University of Technology and Management (CUTM), Bhubaneswar	INR 60,000 (Annually)
The ICFAI University, Dehradun	INR 75,000 (Annually)
Loyola College, Chennai	INR 33,000 (for entire course)

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 the Common 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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FAQs

Which are the best career options after BA Economics?

The best career options after BA Economics are 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.

What types of government jobs are available after BA Economics?

Graduates can look for some of the best career options after BA Economics in the government sector 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.

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 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.

Which are some of the top BA Economics colleges?

To choose among the best career options after BA Economics, candidates should complete their degree from reputed institutions. 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.

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.

Can BA Economics graduates do higher studies?

For the best career options after BA Economics, graduates should try to do higher studies. Higher education will further enhance the career prospects of the candidates in the long run. An MA in Economics, an M.Sc in Economics or an MBA/ PGDM degree will enhance their career opportunities.

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.

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 some best career options after BA Economics that offer good pay packages and demanding job roles, which you can apply for after completing your bachelor's degree.

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.

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