BA {Hons.} Economics Latest Updates
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BA Economics (Hons) is a 3 year undergraduate program divided into 6 semesters through which candidates can develop a deep understanding of advanced knowledge of economics. Economics Honors is one of the highly sought after courses. However, the course is tough but a highly rewarding course.
Economists are always in demand due to their analytical, statistical and logical skills. They play important part in policy creation in the government sector. The Indian economy has recovered as it was before the pandemic. Real GDP in the FY 2021-22 is 8.7% which is approximately 1.5% higher than the real GDP in the FY 2019-2020.
See Also: How to become an economist?
This field offers very interesting areas of work such as Economist, financial risk analyst, accountant, investment analyst, and a lot more. Economics graduates can be employed in areas such asForecasting Firms, Stock Market, Manufacturing firms, agricultural companies, financial advisory firms, Banking & Insurance, etc.
Some of the top recruiters are KPMG, Infosys, Accenture, Wipro, Ministry of economic research, Planning commission of India, National sample survey etc. The average salary of a BA Economics (Hons) is around INR 6.04 LPA.
BA Economics (Hons.) Jobs
Economics is one of the fields which gained considerable growth in the past years. In terms of jobs and salary packages, this field is very attractive. Economy is one of the pillars in the growth of a country. The candidates can seek job opportunities in areas like Stock Exchanges, Financial Institution, Manufacturing firms, Agricultural companies, trade market and many more. Tabulated below are some of the top job profiles of BA Economics (Hons.) along with salary package,
| Job Profile | Description | Average Annual Salary |
|---|---|---|
| Budget Analyst | Budgets analysts are the professionals who help in creating budgets, preparing reports. They are engaged with private and government organizations and monitor organizational spending. | 7.13 L |
| Sales Executive | Sales executives are one who promote their products or services to sell them to their clients or negotiate contracts with the aim of maximizing profits. | 3.39 L |
| Business Writer | Business writers are expert professionals who specialize in writing about business topics such as Finance, stock market and economy. They write for business columns for magazines or newspapers or even a journal | 3.19 L |
| Economist | Economists are the one who study production and distribution, demand and supply of goods & services. They basically collect and analyze data, present trends to predict future trends etc. | 7.17 L |
| Market Research Analyst | Market research analysts are professionals who analyze the market trends and study potential consumers and competitors. They help in studying consumer behavior and what are the needs of the present consumers. | 7.98 L |
| Bank Teller | A Bank teller usually is employed in financial institutions whose responsibilities include handling cash and other negotiable instruments. | 3.36 L |
| Research assistant | A research assistant is one who conducts background research on various economic issues including inflation, stock market, supply and demand, employment etc. | 4.60 L |
| Investment banker | Investment Bankers are experts who use their knowledge and skills to help organizations in maximizing capital. They provide expert advice in raising capital and mergers and acquisitions. | 13.44 L |
Jobs After BA Economics (Hons.): Sector Wise
A career in economics is one of the most reputed and rewarding careers as this field focuses on the objective of social development, public policy, national income etc. There are plethora of job opportunities in both private as well as public sector. Candidates can go for policy making, civil services, economist and other job roles in various sectors such as agricultural, environmental, political science, financial economics, banking etc. Discussed below are some of the top job profiles in both private as well as government sectors.
Jobs After BA Economics (Hons.): Private Jobs
There are a number of opportunities after completing BA Economics (Hons) in the private sector. There are multiple job profiles on which the candidate can be hired such as Business analyst, market analyst, bank teller, etc. According to Glassdoor, the average salary of a BA Economics (Hons) ranges between INR 3.60 L - 6 LPA. Tabulated below are the top job profiles in private sector along with the salary structure,
| Job Profile | Description | Average Annual Salary |
|---|---|---|
| Operations Manager | Operation Managers are one who oversee the business of the organization. They manage processes, purchasing, accounting, inventory and IT. They are mostly responsible of overseeing the production of goods and services | 7.67 L |
| Investment Administrator | Investment Administrators are professionals who provide guidance and support to clients making an investment. They maintain customers accounts and records, prepare portfolio reports and investment information. | 8.60 L |
| Human resources | Human resource managers are responsible for employing people, training them, compensating and developing strategies for the better functioning of the manpower. | 6.93 L |
| Credit Analyst | A credit analyst is an expert professional who analyzes the credit worthiness of the customers as well as the firms and also assists in the ongoing management of the firm. | 5.30 L |
Jobs After BA Economics (Hons.) : Government Jobs
BA Economics (Hons) offers multiple opportunities in the Government sector. Some of the top government organizations in India are Central board of Direct Taxes, Reserve Bank of India, Civil Services, Indian Economic Services and so many more. According to Glassdoor, the average salary of a BA Economics (Hons) ranges between INR 3.15 L - 7 LPA . Tabulated below some of the top job profiles in Government sector,
| Job Profile | Description | Average Annual Salary |
|---|---|---|
| Accountant | An Accountant is one who helps businesses make the financial decisions in the company by collecting, analyzing, tracking company finances. | 3.17 L |
| Banker | A banker is a one who works at financial institutions, banks, insurance companies etc who looks after and assists private as well as commercial clients. They set up accounts, budget planning, and also offers advice to clients for their investment | 4.12 L |
| Auditor | An auditor is one who reviews and analyzes the data of financial transactions in the company and ensures that all the tax laws are complied with and also checks its accuracy. | 5.86 L |
| IAS officer | An IAS officer is an administrative officer who looks after the assigned jurisdiction. They are considered to be the head of the city. | 6.72 L |
Jobs After BA Economics (Hons.) Freshers
After completion of BA Economics (Hons), there are several options available to candidates. They can continue with higher studies such as MA in Economics, M.Com, MBA etc. to develop deep knowledge. Candidates can explore government options such as Indian Economics services, Union public service commission, Reserve bank of India, etc. The average starting salary of a BA Economics (Hons) is around INR 4.50 LPA. Tabulated below are some of top job profiles in India along with salary structure,
| Job Profile | Average Annual Salary |
|---|---|
| Data Analyst | 4.07 L |
| Executive Assistant | 4.09 L |
| Research Analyst | 6.81 L |
| Business Development Manager | 8.26 L |
| Human Resource Manager | 7.90 L |
| Operations Manager | 6.80 L |
| Financial Analyst | 3.97 L |
BA Economics (Hons.) Jobs in India
In India, there are several top recruiters who hire fresh as well as experienced candidates who have completed BA Economics (Hons). Some of the top recruiters are Accenture, IKEA, TATA, Reliance, KPMG, Infosys are some of the among the top private firms. Candidates can also choose their area of work depending upon their specialization. Some of the top job profiles are tabulated below for your reference,
| Job Profile | Average Annual Salary |
|---|---|
| Financial Analyst | 5.04 L |
| Manager Finance & Accounting | 12.00 L |
| Data Analyst | 6.30 L |
| Economist | 7.17 L |
| Financial Planner | 3.18 L |
| International Economist | 15.10 L |
| Investment Analyst | 6.10 L |
| Actuary | 10.76 L |
| Financial Controller | 22.40 L |
| Agricultural Economist | 6.21 L |
BA Economics (Hons.): Salary
According to Payscale, the average salary of a BA Economics (Hons) graduate is around INR 6.04 LPA. The salary is also dependent on a number of factors such as level of education, skills, knowledge, location, job role etc. The starting salary of a BA Economics is around INR 3.26 LPA while the highest can go up to INR 18 LPA. However, it also depends on the job which he is doing. Some are very high paid jobs such as investment banker, financial manager, banker, IAS officer etc. Tabulated below is the salary of a BA Economics (Hons. ) job profiles,
| Job Role | Average Annual Salary |
|---|---|
| Economist | Check Salary |
| Investment Banker | Check Salary |
| Associate Professor | Check Salary |
| Fraud Examiner | Check Salary |
| Accounts Manager | Check Salary |
| Market Research Analyst | Check Salary |
| Credit Analyst | Check Salary |
| Research Analyst | Check Salary |
| Financial Analyst | Check Salary |
BA Economics (Hons.) Jobs: FAQs
Ques. What is BA Economics (Hons.)?
Ans. A BA Economics (Hons.) graduate can choose to do the following:
- They analyze the financial health of the company or organization
- Analyze data to predict present and future trends.
- It involves study of areas like economics, banking, market, etc
- Helps in the development of skills
- Study includes Macro and micro economics, financial economics, economic statistics etc.
Ques. What are the career prospects of BA Economics (Hons.) ?
Ans. There are career options after BA Economics (Hons.):
- Associate Professor
- Credit Analyst
- Financial Analyst
- Market Research Analyst
- Investment banker
Ques. What are the skills required to become an investment banker?
Ans. The skills required to become a Forensic Examiner are:
- Attention to detail
- Logical and critical thinking
- Teamwork
- Knowledge of economics and statistics
Ques. Who are the top recruiters for BA Economics (Hons.) graduates?
Ans. Some of the top recruiters for BA Economics (Hons.) graduates are:
- Quality Control Bureau
- Infosys
- KPMG
- Indian Statistical survey
- Trade market
Ques. Is there any internship required to become a Chartered Accountant ?
Ans. yes, to get a degree of chartered accountants, candidates need to go for 3 years articleship. It is compulsory and needs to be done.
Ques. Can a student from an Economics background become an IAS Officer ?
Ans. Yes, students from any background can aspire to become an IAS Officer irrespective of their stream.
Ques. Can one pursue BA Economics (Hons.) from distance learning?
Ans. Yes almost every college in India provides BA Economics (Hons.) from distance learning.
Ques. What is the highest salary of a BA Economics graduate?
Ans. The highest salary of a BA Economics graduate can be around INR 18 LPA.
Ques. What do economists do?
Ans. A economist is responsible for:
- Study of production and distribution of resources, goods and services.
- Collect and analyze data
- Research trends
- Evaluate economic issues.
Ques. What is the highest salary of an Investment Banker?
Ans. The highest salary of an Investment Banker in India is around INR 17.5 LPA.
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