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BA Economics (Hons) Jobs, Salary, Freshers, Government, Experienced, Sector, Scope

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Sounak Banerjee

Associate Content Manager

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. 

Ask your question

Answered Questions

DB

Divjot Bagga

06 Oct 22

The answer to this question will rely on your future goals, what you compassionately dream of doing, and what you believe you will truly like. However, Economics Honors from DU is one of the best courses with exceptional scope and value in the corporate world. Everyone is aware that the University of Delhi's most prestigious course is Economics Hons. Rapidly rising cutoffs provide proof of this. 

Additionally, compared to other courses, it offers higher placement prospects. Nevertheless, immense power entails great responsibility. It's not the kind of subject you can get by with just one night of studying. It necessitates commitment and diligence. Additionally, it is the most challenging course the university offers. So, BA Economics is the best option for anyone who is keenly interested in the subject. 

BA Economics(Hons) is DU's most difficult yet prestigious course. As a result, if you are in the unreserved category, you will need a higher percentage. Try to get a score of 90% or higher to get into DU, and 95% or higher to get into DU's good colleges. In the end, it all comes down to your score.

...Show More

PA

Pragya Agrawal

10 Oct 22

Many people believe that college isn't necessary for success in life. No, it does not. But those people are simply not telling the whole story. The amount of struggle you will face without a college degree is 20 times greater than what you will face with a good college degree. Working hard today will make your life easier tomorrow.

Any average college isn't worth it unless you're in dire financial need or your family's mental state is unbearable. The hype surrounding DU is unreal. All of those 52 lakh eco packages are overpriced. 5 people out of lakhs may get it; the rest must compete for a 5 lakh job.

You should never accept anything less than what you deserve. You can apply for Jamia to enter. You may apply for abroad studies. You can get a fellowship and take a year off. Do whatever it takes to stand out from the crowd and make a better career for yourself.

...Show More

AS

Aditya Shukla

18 Oct 21

Most DU institutions are on a similar footing. But Ramjas is regarded to be superior in most areas. Apart from similar academics to KMC, Ramjas College has one of the best cultural events. Its focus is on the holistic development of students.

With time, the value of these colleges is diminishing as cut-offs are getting competitive, and the quality of students is spreading more evenly. However, Ramjas is the best if you want to challenge yourself.

...Show More

AS

Alisha Sinha

15 Jul 22

Here are some of the best colleges for pursuing BA Economics Hons, from DU. 

College  Fee (in INR)
St. Stephen’s College  1.21 lakhs
SRCC  90,000
Lady Shri Ram College  47,610
Hindu College  52,680
Hans Raj College  62,835
Miranda House 42,480
Kirori Mal College  37,035
Ramjas College  38,575

These are among the most popular DU colleges for BA Eco. 

...Show More

PS

Preeti Singh

26 Nov 21

BA Economics Honours in Symbiosis College of Arts and Commerce is not a UGC recognized degree.

In your 1st year if you score a 60% in all the subjects, then only you are offered an Honours degree in the 2nd year.

Economics, unlike other subjects, is very much in demand, so you can expect a lot of competition. The faculty members of this department are also well experienced. You will get to familiarize yourself with the course structure. Overall the college provides a peaceful environment. 

Though keep in mind that the Honours degree is provided by the college but the main degree is given by SPPU. Nothe that before registration.

...Show More

NG

Nikhil Gupta

28 Oct 22

If you are pursuing an MA in Economics from IGNOU, then make the best use of your study material. To score well in economics, you need to develop a deep understanding of economic theories, developments in the field, and applied math. You also need to stay updated in the field of economics. This can be done by reading newspapers, and magazines. To master your classes:

  1. Make detailed notes

  2. Form a study group

It’s very important to develop an understanding of economic theories, history, and practice. Indulge yourself in the existing academic literature on the topic. Some good sources of relevant information are

  • Newspapers like Financial Times

  • Magazines like The Economist.

  • Economic blogs like Economist’s View or Grasping Reality

  • Economic books like Freakonomics, The Naked Economist, and The Armchair Economist.

Listed below are some additional tips that will help you score good marks in MA Economics in IGNOU:

  • Browse your library’s economic section

  • Podcasts like NPR's Planet Money will help you develop a better understanding

  • Watch the news daily. The economy is related to everything happening around the world. Stay well versed with what’s happening.

  • CNN's Richard Quest offers the business-oriented show "Quest Means Business”.

  • While attempting the paper, start with the questions you are most confident about.

  • Analyze graphs carefully 

These tips aim at helping everybody in general. But if you still face trouble understanding the concepts, hire a tutor.

...Show More

RK

Ritesh Kumar

23 Feb 23

Both the colleges ISBF Delhi and NMIMS Mumbai offer a decent Economic Honors program. I have drawn a detailed comparison between the two on the basis of the following parameters 

Worth of the Degree: NMIMS might be a reputed college but its degree cannot be compared to that of ISBF which offers a University of London degree in addition to academic assistance from London School of Economics and Political Science, the top-ranked institute in Economics.

Curriculum: Economics is vast and covers a very broad spectrum of subjects from development and finance to international trade. Now the University of London excellently allows the students to choose 6 electives of their choice in addition to 6 compulsory subjects. This ensures that the students get a job in the sector they are passionate about. This flexibility of curriculum lacks on the part of NMIMS.

Prospects: A DU student applying to top institutions in the UK for a master, is required to complete a diploma year before starting with his master's. This aims to compensate for the difference in the standard of education. However, anyone with a University of London degree can directly apply for a Master in top universities in the UK.

Batch size: The batch size at ISBF is relatively smaller than that of NMIMS. This aids in better student-teacher interaction and class discussions. This in turn helps in better delivery of the curriculum.

So in almost all aspects, ISBF is a better choice than NMIMS.

...Show More

RC

Rishabh Chandel

09 Jun 21

If you are considering pursuing a degree in Economics, it is recommended that you do not prioritize Xavier's Kolkata.

  • You'd be better off starting at one of the top ten colleges in Delhi or one of the top five in Mumbai.
  • Kolkata lacks the atmosphere and opportunities that economics graduates require both during and after graduation.
  • In contrast, Delhi has a great environment (coaching and guidance for higher studies in eco) and opportunities (training and internships) for eco graduates.
  • The Finance Industry in Mumbai will be very helpful (and much needed) in obtaining internships, part-time jobs, or any other type of practical training.
  • Calcutta is devoid of all of these.
  • Also, Mathematics is mandatory in order to be admitted to B.A. (Eco) at St. Xavier's Kolkata.

If you are not applying through any quotas (such as Christian, SC/ST, or from schools affiliated with Xavier's), you will need at least 96 percent in class 12th. Despite the fact that it appears in subsequent lists, it goes down by 1%–2%.

...Show More

AL

Adrija Lahiri,

16 Nov 21

One of my friends studied at Ravenshaw University. According to him, here are some of the facts about it you should know.

  • Ravenshaw University is the best university in Odisha for pursuing an undergraduate degree in Economics.
  • The course structure and the syllabus are similar to the one followed by Delhi University.
  • The faculties are highly experienced and provide proper guidance.
  • It is known to be the most disciplined department in the college. Classes are never disturbed by strikes or student politics.
  • The Economics students proved to be good in entrance exams for Masters in Economics and in the MBA entrance exam.
  • Many of the seniors are pursuing their Masters in reputed institutes like JNU, HCU, MSE, etc. One of them made it to IGIDR last year.

Other than academics, Ravenshaw also looks after the holistic development of the students. The infrastructure is well maintained. Hostels are clean and the food provided is hygienic. Many cultural events and fests also take place. Overall, it is a really good college.

...Show More

RS

Rudrani Sengupta

04 Oct 21

The answer to this question depends on what you want to do. I have a few friends from Loyola College, Chennai, and here is what they have to say about the institute.

  • Loyola has really good professors and a vast library with huge collections of books.
  • It also has a digital library and conducts national-level symposiums. The placement office is amazing and a lot of different companies from diversified fields come to the campus. In the last placement drive, the highest CTC offered was 5 LPA. 
  • Loyola has a policy of 80% attendance. It also has a compulsory club of 60 hours during the first year and there are a lot of options to choose from – NCC, NSS, FOP, Loyola dream team, AICUF, Rotaract, Radio, LPA, Debate Club, etc.

Even after all of this, certain students have arrear and do not like to study. They just want to enjoy themselves and do not enroll in any club, do not use the library at all. 

Overall, the college is good but it is up to you to make the most of your time there.

...Show More

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