Update on 20 Feb, 23
5 minutes read
There was a time when most Commerce students preferred a B.Com course for their graduation but in the past few years, BA in Economics has also become a go-to choice for the students. Students who wish to pursue a career in banking or management can pursue a B.A in Economics degree.
Considering the global economic circumstances and also the national economic downfall, the demand for economic experts is relatively higher than it was in the past.
B.A Economics is an undergraduate course offered in the discipline of Commerce. There is immense career scope in Economics. An Economics graduate can find promising career opportunities in various sectors such as Banking, Corporate sectors, Education Sector, Public Service Undertakings, etc. To know more about BA in Economics Scope and other details of this course, Read this Article.
The duration of the BA Economics course is 3 years. It is a course offered in the field of commerce but anyone who has completed their 10+2 from Arts/Science/Commerce can enroll in this course. BA in Economics Course focusses on topics such as History of Indian Economy, National Income, GDP, Inflation and Deflation, Production and Supply and so many other issues.
This course imparts knowledge about the core fundamentals of Economics, its theories, and its Applications. BA in Economics is the best course for students who wish to build their career in Economics, This course lays a strong foundation for your finance, business, and economics knowledge and prepares you for the employment industry.
The curriculum of the Bachelor in Economics course incorporates the basic knowledge and skills required to specialize in Finance.
Bachelor's in Economics is a combination of Micro Economics, Macro Economics, and Statistics. For the candidates who are not familiar with these three. "Macroeconomics is the study of the global and national economy and this subject covers the wide concepts of employment, income, government budget, and payments balance, Microeconomics, on the other hand, involves the study of economy study at a micro-level (individual level) like the study of markets, price determination, market demand, and supply, etc. You will also learn Statistics in your course as it will help you to interpret and use economic data to make meaningful predictions.
Economics is related to subjects that teach you the fundamentals of Finance, markets, principles of business, banking, and various functions of our economy. Under these topics, you will learn about demand, supply production, international economy, Capital flow, Loan Operations, Inflation, GDP, and Statistics.
The following are the core subjects included in BA Economics Curriculum:
And these are the elective subjects in BA Economics:
Well, Many students fear Mathematics and therefore they may want to choose a course that involves minimal Maths in the curriculum. So, before opting for BA Economics, you should know what exactly you are enrolling in.
To be very clear, the student must have a good grasp of Mathematics, especially Calculus, Algebra, Statistics, and graphs. If you are not good at Mathematics, you would face problems in understanding your syllabus.
Mathematics is an integral part of economics and therefore many colleges require the candidate to have studied Maths till the 12th (not necessarily as the main subject but atleast as an optional one).
|Name of the Course||Bachelor of Arts in Economics (B.A in Economics)|
|Course Duration||3 years|
|Course Mode||Regular / Full-time|
|Course Eligibility Criteria||Class 12th Board exams with 50% aggregate marks|
|Course Admission Process||Merit-Based as well as Entrance Exams|
|Average Course Fees||Rs 45,000 (Annually)|
|Average Salary||Rs 3 LPA - Rs 4.5 LPA|
|Areas of Employment||Government / Private Banks, Finance & Banking Sectors, Trade Markets|
Apart from CUET-UG, you can apply for admissions through other university-level entrance exams. Certain Colleges such as Guru Gobind Singh Indraprastha University shortlist candidates by conducting their own university-level or institute-level entrance exam.
Below we have mentioned the names of the Top Entrance exams for BA Economics Admissions:
|Exam Name||Application Period||Exam Date|
|IPU CET||March 4, 2023, to May 31, 2023||June 18, 2023, to June 19 (UG and B.Ed)
June 23, 2023, to June 25, 2023 (PG and Ph.D.)
|BHU UET||February 2023||May 2023|
|PUCET||May 19, 2023, to June 18, 2023||July 3, 2023|
|NPAT||December 23, 2023, to June 20, 2023||April 1, 2023, to June 26, 2023|
|TISS BAT||May 27, 2023, to May 31, 2023||July 2023|
|JNUEE||May 19, 2023, to June 18, 2023||To be Announced|
Below We have the Top BA Economics Colleges in India along with their course fee:
|College Name||Total Course Fees|
|Lady Shri Ram College for Women (DU), New Delhi||Rs 47,610|
|Loyola College, Chennai||Rs 36,000 (HSC)
Rs 63,000 (CBSE)
|Christ University, Bangalore||Rs 2.25 Lacs (Karnataka)
Rs 2.85 Lacs ( Other Indian States)
|Sr. Xavier's College, Mumbai||Rs 16,569|
|Presidency College, Chennai||Rs 3,740|
|Jadavpur University, Kolkata||Rs 7,200|
|Fergusson College, Pune||Rs 22,340|
|St. Andrew's College of Arts & Commerce, Mumbai||Rs 13,050|
|Kasturba Gandhi Degree & PG College for Women, Secunderabad||Rs 31,100|
|Symbiosis College of Arts & Commerce. Pune||Rs 90,000|
|Banasthali Vidyapith Jaipur||Rs 1.44 Lacs|
As we have mentioned earlier, There is a vast scope in Economics. Pursuing a BA in Economics degree can open doors of bright career opportunities for you. After completing this course, You can apply for a job in government organizations or private firms based on your interest.
After completing this course, you will be able to choose your career path ranging from a Bank Officer to an Economist or a Research Assistant. In simple words, there is a vast scope in Economics and with the right skills, knowledge, and hard work, a BA Economics graduate can achieve his/her career goals and earn outstanding income.
Candidates who wish to expand their knowledge can also opt for higher studies, They can pursue courses such as M.A in Economics, MBA, MSc. in Economics, M.Com, MBA/PGDM, and LLB. A Masters's degree course after BA in Economics is a wise career move if you want to improve your future career prospects.
Candidates can find numerous job opportunities after BA in economics in the banking sector, public sector, and corporate sector. There are many government organizations such as SSC (Staff Selection Commission), Indian Railways, Union Public Service Commission (UPSC), and Reserved Bank of India (RBI) that recruit Economics graduates in various departments and various job roles.
Below we are mentioning the various roles and job opportunities after BA economics that you may get after completing your course:
Economist: An Economist is a professional who studies the relation between the resources of society and its production/output by using various indicators. The professional researches the economic issues conduct surveys, analyzes the data with the help of mathematical models and statistics, predicts future trends based on the research, and prepares the research report for businesses or government. Their predictions help the government or businesses to take necessary actions for the upcoming financial/economical threat or opportunity.
Investment Banker: An Investment Banker is a professional who has a good knowledge of finances and thus he/she applies his/her knowledge to help the government or individuals in raising capital by issuing stocks or borrowing money. They also provide financial consultation during huge financial transactions such as mergers and acquisitions. Moreover, an Investment Banker is also indulged in providing consultation to individuals/corporations for financial security such as bonds and stocks, no. of securities that should be issued, and what price should be set for every security.
Financial Analyst Financial: Analysts usually work in banks, investment companies, or corporate organizations. They use their financial knowledge to help organizations to make well-planned business and business decisions. They work with financial data, build financial models, study the economic and business trends and prepare the reports to present to the decision-makers.
Market Analyst: The Market Analyst is responsible for analyzing the data and making the right recommendations to support the organization's marketing efforts. Their job responsibilities involve gathering, and sorting data through website analysis and surveys, and analyzing the data to prepare a report that helps in marking major marketing decisions. Marketing analysts are also responsible for reviewing the performance of marketing campaigns such as revenue generation, reach, and engagement, so they can be improved.
Human Resources: Human Resource officials are responsible for arranging interviews, hiring and onboarding new employees, and managing the existing staff. They look after the staffing in an organization and help the employees to get familiar with the policies of the company.
Business/Economics Journalist: The Economics Journalist is a media person who tracks, analyzes, and interprets the fluctuations in the national or global economy. They usually write or speak about the entire purview of the commercial activities related to the economy. Their work provides news and articles about people, organizations, places, and issues that are directly related to the business sector.
Investment Analyst: An Investment Analyst is a finance professional who holds expertise in evaluating the financial markets and gathering investment information, particularly for the purpose of making the sell, buy and providing recommendations for securities, Most Buy-side analysts work for fund managers at financial consulting firms and mutual fund companies. Sell-side analysts usually work at big investment banks. They are responsible for issuing buy, sell, and hold recommendations as well as conducting company-specific research.
The salary of BA Economics graduates differs according to their Job Profiles. Below we have tabulated the average salary offered to BA economics graduates in India according to their job profiles.
|Job Profile||Average Salary|
|Economist||Rs 10.61 L.P.A|
|Investment Banker||Rs 7.78 L.P.A|
|Financial Analyst||Rs 5.0 L.P.A|
|Market Analyst||Rs 8.19 L.P.A|
|Human Resources||Rs 5.0 L.P.A|
|Business/Economics Journalist||Rs 4.84 L.P.A|
|Investment Analyst||Rs 16.73 L.P.A|
|Operation Manager||Rs 10 L.P.A|
|Stock Broker||Rs 3.25 L.P.A|
BA Economics is a promising course that will prepare you to face the real world of finances and business, Many renowned personalities such as Dr. Manmohan Singh and P.Chidambaram have done their major in Economics.
If you are also interested in studying global finances, then this course can help you to build a career in Economics which is indeed a highly demanded career in India.
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