BA Hons. Economics

Among the many popular commerce, banking and finance courses offered in the educational institutions, BA (Hons) Economics has been one of the highly sought after courses in India. The 2-year undergraduate honours programme in economics has been designed to train the students in precisely understanding the workings of various economic systems.

In layman’s terms, the curriculum of BA (Hons) Economics students will gain a deeper understanding of the production of financial and non-financial resources, efficient distribution of such resources, steps of conserving the limited resources and systematically assigning the funds or resources in accordance with the socio-economic policies and frameworks to provide sustainable and effective solutions to the issues of the society.

BA (Hons) Economics Students with such expertise and skillset can help build and develop a society, a nation or even a company/organisation. The need for professionals with a robust grasp of the economical standing of various bodies is crucial to the overall development of an organisation.

BA (Hons) Economics Course Highlights

Check out the BA (Hons) Economics course highlights here.

• Candidates who have their class 12 board examination in any stream from a recognised board of education such as CBSE, ICSE or State Boards.

• Candidates must have secured a minimum aggregate score of 50% in the qualifying examination. Some colleges would prefer students who cleared their qualifying exam with Economics as one of the major subjects.

• Admissions to the course may be done based on entrance test scores, therefore, candidates must appear for the respective entrance test.

BA (Hons) Economics Admission Process

Educational Institutions across India offer admissions to BA (Hons) Economics using different admission processes, viz. Entrance-based or Merit-Based admissions. These are the commonly used admission processes where a student’s overall merit is calculated using precise steps and then offered admissions. Here are the BA (Hons) Economics admission processes opted by colleges across India.

Entrance-Based Admissions

• After applying for admission, applicants will be asked to download the respective Admit Cards or Hall Tickets and appear for the entrance test on the stipulated date and time.

  • Most of the universities/colleges will conduct the entrance test at the university-level, therefore, candidates must go through the admission policy of their choice of college prior to applying for admission.

• After attempting the entrance test, the university/college will release appropriate merit lists which will contain the names and the rank/score of the candidates.

• In the order their ranks, the candidates will be called for further selection processes which may include Personal Interviews and/or Group Discussions.

• Candidates will be selected for the courses on the basis of their overall performance in the entrance examination and personal interview and/or group discussion.

Merit-Based Admission

• After submission of the application forms at the respective colleges, the candidates will be called for the respective BA (Hons) Economics selection processes.

• The selection processes may include a personal interview and//or group discussion.

• Based on the past academic records and the performance in the personal interview and/or group discussion, the university/college will offer admission to the prospective students.

Counselling-Based Admissions

• There is a third kind of admission processes, however, this type of admission can be found under both counseling-based and merit-based admission. This type of admission is mostly prevalent in Universities with many constituent colleges or affiliated colleges offering the same programme.

• In other words, based on the performance of the candidates in the entrance test or their qualifying exam, candidates will be offered admission through counselling sessions.

• Under counselling-based admission, the university will release merit lists containing the names of all candidates in the order of their merit. Based on their rank/scores depicted in the merit lists, candidates will be called for the counselling sessions at the specified counselling centres.

• Here candidates will select the course and college of their choice.

• On the basis of the preferred choice of college and course, their rank, and the vacancy in the preferred course, prospective students will be offered admission to BA (Hons) Economics.

Note: Each college and institution will define its own admission guidelines and policies. Therefore, aspiring BA (Hons) Economics students must go through the respective guidelines of the individual colleges.

BA (Hons) Economics Course Fee

The annual course fee of a BA (Hons) Economics in any one of the reputed colleges of India can range anywhere between ?10,000 - ?1,50,000. The average course fee would differ from college to college subject to different factors such as ownership of the institution, the popularity of the course and college and much more. Unmistakably, BA (Hons) Economics course fees at government colleges would be cheaper than BA (Hons) Economics in a private institution.

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One of the most attractive aspects of pursuing the course is the job prospects of BA (Hons) Economics. Aspirants across the nation prepare to pursue the course in order to build for themselves, a lucrative and stable career path. After graduating BA (Hons) Economics from any one of the colleges in India, various employment opportunities will be available to the graduates.

Here are some of the areas of employment for BA (Hons) Economics graduates in India:

• Finance and Banking Sector

• Trade Markets

• Import and Export Industry

• Agriculture

• Government Economics Department / Public Service Commission

• Agriculture Sector

• Commerce Sector

There are other sectors and industry that require skilled and qualified Economists who can lead the respective institutions to growth and development. The starting salary of a BA (Hons) Economics graduate may range anywhere between ?2,50,000 - ?4,50,000. This will be dependent on several factors including the area of employment, job profile and much more.

Here are some of the job profiles for BA (Hons) Economics graduates in India:

• Economists

• Sales Executive

• Budget Analyst

• Investment Analyst

• Operations Manager

• Personal Financial Consultant

• Corporate and Financial Analyst

• Marketing Manager

These are just some of the popular job profiles that are offered to graduates of BA (Hons) Economics in India. Graduates will be able to pursue a range of job profiles during the lifetime as an Economist or a graduate of Economics. With a number of job profiles, it should also be noted that the candidates, with further experience and skills in the field of economics, will be able to earn anywhere between ?6,00,000 - ?15,00,000 per year.

Apart from pursuing a career in the field of economics, there are several opportunities to pursue higher education instead. There are several courses that can be pursued by aspirants at the postgraduate level. Here are some of the programmes available to BA (Hons) Economics graduates in India.

• MA in Economics

• MBA

• PGDM

• Journalism Courses

• LLB

Pursuing higher education is one of the best ways to not only improve your skills but to also widen your horizon for the different career paths, better job profiles and packages as well.