Quick Summary
- Overview of career opportunities after a Bachelor in Economics
- Top job roles in the field of economics and finance
- Essential skills needed for success in the industry
- Tips on how to secure a job after graduation
- Insights into salary expectations and industry demand in India
Table of Contents
The Bachelor of Economics (B.A. Economics) is a highly sought-after course for commerce students, offering many job opportunities and a promising career path. With the nation’s economy rapidly growing, the demand for skilled economics experts is rising. By pursuing a B.A. in Economics, students contribute to the nation’s development and pave the way for successful careers.
In this blog, we will explore a B.A.’s scope and job prospects. Economics bachelor degree and the best courses to consider after completing your undergraduate studies. Let’s delve into the world of B.A. Economics and discover the endless possibilities it holds for aspiring economists.
Scope after B.A. Economics
There is a lot of scope in the field of economics, and the career options in economics vary from Auditor to Accountant and from financial manager to Economist. All of these career fields are quite in demand and are lucrative career choices. Making a career after B.A. Economics is successful for students.
15 Best Career Options after B.A. Economics
To use the knowledge you gained from your studies and have a successful career, you need to know about B.A. Economics jobs that you can do after graduation completion. Here are the best 15 career options after B.A. Economics has been discussed.
- Auditor
- Economic Consultant
- Actuarial Analyst
- Financial Risk Analyst
- Financial Manager
- Tutor
- Subject Matter Expert
- Human Resources
- Market Analyst
- Banker
- Operations Manager
- Economic Writer
- Economist
- Sales Analyst
- Investment Analyst
1. Auditor
After completing your bachelor of economics, becoming an auditor is a great career choice. It is not only a career with lots of interesting challenges but quite an in-demand career field.
Responsibilities
An auditor is responsible for auditing the financial statement of an organisation. For that, you need to make audit plans, review the financial statements, collect evidence of the authenticity of payments made, verify all the legal compliance and issue an audited report.
Skills needed
As an auditor, you must have certain skills to do your work diligently. An auditor must have good knowledge of all the laws related to finance, be a problem-solver, be tactful and reliable, and have analytical skills and the ability to maintain confidentiality.
Average Salary
The average salary of an auditor in India is 3 lakhs per annum.
2. Economic Consultant
Being one of the best-paying job roles in economics, this is an option you might want to explore after your B.A. Economics. You can have a career in economics after graduation as an economic consultant. You can work for financial companies, private and public agencies, and research institutes.
Responsibilities
An economic consultant’s job is to collect and analyse data, trends and patterns in the economy. This is done to predict the future economic market and how it will affect the organisation you are working for. This is done using mathematical and statistical methods and models. According to the predictions, your task as a consultant will be to give the right advice to the stakeholders and company officials.
Skills needed
An economic consultant should have good economic knowledge, mathematical and statical knowledge, and communication and observation skills.
Average Salary
On average, an economic consultant earns 9 lakhs per annum.
3. Actuarial Analyst
The role of the actuarial analyst is crucial in the finance sector, which is why there is a high demand for actuarial analyst personnel. If you choose this as after B.A. For economics jobs, you can make a lucrative career in the finance sector. However, you should ensure that you are good at managing risks and have a keen interest in numbers, data and maths.
Responsibilities
An actuarial analyst is responsible for analysing and managing the business’s financial risks. You will help accredited actuaries solve complex financial problems through strategic decisions.
Skills needed
An actuarial analyst should have specialised math knowledge in calculus, probability and statistics. Along with these, you must have analytical, decision-making, problem-solving and project-management skills. Computer skills like coding and Excel skills are added on, too.
Average Salary
The average salary of an actuarial analyst in India is 6 lakhs per annum.
4. Financial Risk Analyst
Much like an actuarial analyst, you can also choose to become a financial risk analyst after a bachelor of economics. But the job roles differ in terms of underlying fields and sections of analysis. You will work for insurance or trading companies or the public sector. You might even work in areas that need hedge fund analysis and can have a great career after B.A. Economics.
Responsibilities
As a financial risk analyst, your responsibilities will include making recommendations for risk coverage, developing strategies for minimising risks, and increasing the organisation’s profits. You must also continuously monitor and look out for any possible risks to the organisation.
Skills Needed
You should constantly update yourself with current finance and market knowledge, analytical skills, communication, problem-solving, and negotiation skills, which are also required in a financial risk analyst.
Average Salary
The average salary of a financial risk analyst is 6 lakhs per annum in India.
5. Financial Manager
Becoming a financial manager is one of the good options after B.A. Economics scope, that you can choose positively. It is a career quite high-demand as every organisation needs a professional who can manage their finances accurately.
Responsibilities
As a financial manager and an accounting professional, your task is to take care of the organisation’s financial well-being. You can advise the superiors about how and where to acquire and allocate the company’s assets. So that maximum ROI (return on investment) can be incurred.
Skills Needed
As a financial manager, you need skills like knowledge of finance and financial documents, analytical skills, and attention to detail. Communication, leadership, and interpersonal communication are also must-haves. If you have computer and technical skills, they will benefit you when applying for a job.
Salary
If you choose to become a financial manager after completing a BA in Economics, you can earn an average salary of 13 lakhs per annum in India.
6. Tutor
If you want to help other students and guide them towards a bright career and have a hold on your subject’s knowledge. Then you can consider tutoring to be one of the best after a B.A. Economics jobs. As a tutor, you are not required to teach in any school, you can take classes independently. And the choice is yours whether to teach online and earn money or open an offline tuition centre.
Responsibilities
You are responsible for students’ futures and careers. This is your biggest responsibility, and you can fulfil it by teaching them and clearing all their doubts related to economic topics.
Skills Needed
As a tutor, your greatest skill is your knowledge, along with that you should have good communication skills, problem-solving, interpersonal communication and leadership skills are required to be a good tutor.
Salary
As a tutor, you can earn average 2 lakhs per annum.
Recommended Read:
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- Online Tuition Jobs: A Full-Time Career or Part-Time Gig for Skilled Individuals
7. Subject Matter Expert
If you know economics and have a good knowledge of your subject matter, you can become a Subject Matter Expert for educational websites. It is one of the best career options after a B.A. Economics.
If you decide to work as a Subject Matter Expert, then you can become a Q/A Expert at Chegg. As Chegg’s Subject Matter Expert, you will be working for flexible hours, getting timely pay-outs and earning from your home.
Responsibilities
As a subject matter expert, you are responsible for providing accurate information and knowledge to the students. As an expert in your subject, you are expected to solve students’ queries related to that subject.
Skills needed
A subject matter expert should have extensive knowledge of their subject and niche. In addition, communication skills, time management, adaptability, a strong work ethic, and management skills are necessary.
Salary
The average salary of a subject matter expert in India is 5 lakhs per annum.
8. Human Resources
Human resources is also one of the great career choices for a BA in Economics scope. As a human resource manager, you can help manage the hiring of skilled and reliable human resources for an organisation.
Responsibilities
As human resource personnel, your daily responsibilities include filling job postings, handling payroll and benefit plan enrolments of employees, ensuring the smooth onboarding process of new employees, and maintaining accurate employment records.
Skills Needed
Accounting knowledge and computer skills are a must and good human resource personnel have organisation skills, communication skills, management skills, teamwork, adaptability, leadership skills and confidentiality.
Salary
On average, a human resource manager earns 7 lakhs per annum in India.
9. Market Analyst
Becoming a marketing analyst is a great career choice after a bachelor of economics if you have an interest in the marketing field and can use numbers and data for marketing products in an interesting manner. Marketing analyst jobs are in high demand because of the rising focus on digital marketing and advertisements, so if you want you can pursue this after one of after B.A. Economics jobs.
Responsibilities
As a marketing analyst, your job is to conduct research to understand customers’ needs and demands, Check the effectiveness of the current marketing strategy of the business, and work on improving it as needed. Your main task will be minimising risks for the company by launching fresh marketing strategies, understanding the customer response rate and dropout rate, and measuring ROI.
Skills Needed
As a market analyst, you should have good knowledge of data analysis, marketing knowledge, customer and company relation knowledge and great communication skills.
Salary
The average salary of a market analyst is 8 lakhs per annum.
10. Banker
You can positively consider banking one of the best after a B.A. Economics scope. As a banker, you will work for a bank and help customers to get loans and investment tools. And this will help the bank earn interest at minimal risk.
Responsibilities
As a banker, you need to fulfil several responsibilities. Some of them are discussing loan requirements and terms with clients, negotiating the purchase of commodities, arranging loans, and verifying and preparing necessary documents and financial statements.
Skills needed
A banker’s key skills are business banking, relationship management, business development and customer orientation.
Salary
The average salary of a banker in India is 3 lakhs per annum.
11. Operations Manager
If you have good leadership and administration skills, along with knowledge of finance and numbers, you can opt for an operations manager career after a bachelor of economics.
Responsibilities
As operations manager, your role will be to lead business and finance professionals involved in goods and service production. You will be responsible for overseeing multiple tasks and projects. At the same time, you will review and analyse records, analytical data, and budgets and manage costs related to production.
Skills needed
Along with the knowledge of finance, you will need to have critical thinking skills, time management, leadership, and communication.
Salary
The average salary of an operations manager is 7 lakhs per annum in India.
12. Economic Writer
Having the skill of writing combined with the knowledge of finance is a great combination, and if you have these, then you can positively opt for the economic writer position after a B.A. Economics jobs. You can work for newspaper publications and financial journals as an economic writer.
Responsibilities
As an economic writer, you are responsible for writing finance course guides and academic books, financial articles and blogs on websites, extensive research in the financial field, and much more.
Skills needed
An economic writer must have technical knowledge of finance, writing, communication, and organisational and adaptive skills.
Salary
The average salary of an economic writer is 13 lakhs per annum in India.
13. Economist
If you like reading and researching current finance and marketing trends, becoming an economist after a bachelor of economics is a good career choice. You will gain a wide range of knowledge and skills as an economist.
Responsibilities
As an economist, you will collect and analyse data, conduct surveys, and evaluate government policing. Your central task will be making predictions based on all the research and surveys. These predictions will relate to financial trends in the upcoming time.
Skills needed
As an economist, you need to know overall everything related to finance. Also, you need to have analytical skills. communication skills, research and logical and reasoning skills.
Salary
The average salary of an economist in India is 15 lakhs per annum.
14. Sales Analyst
Working as a sales analyst is also a good choice after completing a bachelor of economics. It’s a highly in-demand job title, and many companies need sales analysts to manage and increase their sales.
Responsibilities
A sales analyst implements sales goals and monitors current market trends. Then, they recommend marketing and sales strategies to respective departments. Removing bottlenecks to increase efficiency and feeding information into CRM are also part of their job.
Skills needed
You should have good technical, mathematical, and statistical knowledge. Skills like communication, teamwork, and management are also needed.
Salary
The average salary of a sales analyst in India is 5 lakh per annum.
15. Investment Analyst
An investment analyst can work for banks or investment firms; in both places, you will be making a good career choice after your bachelor of economics. Being one of the high-demand BA Economics jobs, you will earn a good salary, too.
Responsibility
Monitor inflation and deflation rates, research the company, analyse investment growth, make reports, and update knowledge of the market and economics.
Skills Needed
Understanding finance and economics, as well as analytical, decision-making, communication, and research skills, are highly needed.
Salary
The salary of an investment analyst in India is 10 lakhs per annum.
Best Courses after B.A. Economics
Whether to do a job or not after completing your bachelor of economics is your choice. However, if you want to gain more knowledge and expertise in economics, you can pursue some of the best courses after earning your B.A. Economics.
- Masters of Arts in Economics
- Masters of Business Economics
- Bachelor of Law (LLB)
- Masters of Arts in Mass Communication
- Master of Arts in Quantitative Economics
1. Masters of Arts in Economics
This is one of the best courses to do if you want to gain expertise in economics. After completing a master’s, you will have lots of career options in front of you.
Eligibility
To be admitted to M.A. Economics, the candidate must have completed a bachelor of economics or a related programme. A minimum of 50% marks are required.
Duration
It’s a 2-year master’s programme.
Subjects
Subjects taught include the study of economic theories, micro and macroeconomics, international economics, quantitative analytical methods and more.
Scope
After completing a master’s, you can apply for job roles such as Data analyst, professional economist, teacher, financial planner, etc.
2. Masters of Business Economics
In the master of business economics programme, students are taught everything related to economics, including theoretical and practical knowledge. It is a good course to take after a bachelor of economics.
Eligibility
Graduation from a similar or relevant field with a minimum of 45% marks.
Final selections occur on the marks obtained in CAT, and CUCET.
Duration
This a 2-year MA programme.
Subjects
Subjects like micro and macroeconomics, quantitative methodologies, and applied environmental economic principles are taught.
Scope
After doing a master’s in business economics, you can apply for jobs like- asset manager, investment banker, consultant, and financial analyst.
3. Bachelor of Law (LLB)
LLB is also a great option after completing your bachelor of economics. Good financial lawyers are needed in every industry, making LLB the right choice for you.
Eligibility
Candidates must have completed a bachelor’s degree with a minimum of 45% marks from a recognised university. Selection will be based on marks scored in CLAT, SLAT, CUET, etc.
Duration
The duration of the LLB programme is 3-year.
Subjects
Subjects related to, environmental law, arbitration, insurance law, and consumer protection law are taught.
Scope
After LLB, you can apply for jobs like legal manager, attorney, lawyer HR manager, and legal affairs manager.
4. Masters of Arts in Mass Communication
If you are interested in journalism and mass communication, you can take this course after your bachelor of economics.
Eligibility
The candidate must have passed bachelor’s from a recognised university with 50% marks.
The candidate must pass the entrance exam conducted by colleges and all the other rounds.
Duration
It is a 2-year M.A. programme.
Subjects
Subjects like communication research, development communication and media development are taught.
Scope
After this programme, you can apply for jobs like- Client servicing manager, deputy manager, public relations officer
5. Master of Arts in Quantitative Economics
This master’s degree talks all about the effect of human activities on the mathematical and statical theories applied in economics. If you want to gain deep knowledge related to this field you can do this after your bachelor of economics course.
Eligibility
Graduation in a bachelor of economics or other degrees with economics as a major. 50 % marks are required. Some universities also take the entrance exam
Duration
It is a 2-year master’s.
Subjects
Subjects like statistics, algorithms and mathematical and economic theories are taught.
Scope
After your master’s, you can apply for jobs like data analyst, quantitative developer, researcher, or economic affairs officer.
Also Read: BSc Economics: Course Overview, Subjects & Admission
How to get a Job after Bachelor in Economics
After completing a Bachelor of Economics, securing a job can be straightforward if you follow a structured approach. Here are some practical steps to guide you:
- Build a Strong Resume: Highlight your academic achievements, internships, and any relevant projects or skills you’ve acquired, such as data analysis, economic research, and financial modelling.
- Networking: Connect with professionals in the field through platforms like LinkedIn. Attend seminars, webinars, and industry events to build relationships that could lead to job opportunities.
- Apply for Internships: Gaining hands-on experience is crucial. Internships at companies, think tanks, or research institutions can sometimes lead to full-time roles.
- Skill Development: Pursue additional certifications or short-term courses to enhance skills in high-demand areas like econometrics, data science, or financial analysis. Websites like Coursera and edX offer relevant courses.
- Campus Placements: Take advantage of your university’s placement services. Many colleges have tie-ups with top companies that recruit fresh graduates directly.
- Job Portals and Online Applications: Explore job portals like Naukri, Indeed, or government job boards. Look for entry-level roles like economic analyst, research associate, or financial consultant.
By staying proactive, enhancing your skills, and leveraging connections, you can successfully land a rewarding job in the field of economics.
Future of Economics
A Bachelor of Economics is a great course and will open great after my B.A. Economics scope for the students. The article discusses what you can do after a B.A. economics degree. With so many choices in the career field and after a B.A. economics degree one is bound to get confused.
However, there is nothing to be confused about, as you must have read the article and got informed about the eligibility, skills required and scope of each field. Now, just make the choice that matches your skills, and career vision.
Frequently Asked Questions
Can I do MBA after BA in economics?
Yes, you can positively do MBA after completing your bachelor of economics degree. And if you want you can even do an MBA specialisation programme like MBA in Finance, which will teach you about economics, and statistics in depth. Not only this, MBA opens up great career opportunities for you as you can apply for job roles like financial analyst, hr manager, and marketing manager.
What is the scope of the Bachelor of Economics?
There is lots of scope in economics, truly saying it is one of the most popular courses among commerce students. After completing a Bachelor of Economics one can make a career in several lucrative career options. You can even do courses like M.A. Economics, MBA, and LLB to further enhance your skills and career prospect.
Which field is the best after a BA economics?
There are several great fields after B.A. Economics. That you can choose, but what is more, important is your skills, the knowledge and the vision you have for your future, and of course, you have to constantly upgrade yourself from time to time. Only you can work in some of the great fields after a bachelor of economics, like financial analyst, auditing, data analysis, and financial management.
What is the highest-paying job in economics?
There is many great paying and in-demand job roles in economics, which you can apply for after completing your bachelor of economics. Some of these most lucrative carers are finance managers, economic writers, management analysts, operations research analysts, and personal financial advisors. These were roles in the private sector, but you can also apply in the government sector too.
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