Careers in Economics after Graduation in India

Economics is one of the demanding subjects due to its vast market value. Economics is an essential discipline both for career and job point of view. The significance of economics has significantly increased post the reforms era. Job opportunities have increased manifold post-liberalization, privatisation, and globalisation (LPG).  After the merging of the world economy, research-based economists are in wave demand across the world for a rapidly globalising economic scenario. They are hired as financial analysts, researchers, and consultants.

Economic Courses and Eligibility

The teaching of economics started from the XI standard. To get admission to a good college, one has to secure good marks in economics in XI and XII exams. After passing a B.A. in economics, one may pursue an MA and Ph.D. in economics with some specialisation.

The economics course syllabus includes papers like mathematical economics, statistical economics, monetary economics, international economics, developmental economics, econometrics, public finance, and economic policymaking.  The specialisation in the field of economics increases its importance. The specialised areas are finance, agriculture, econometrics, rural development, health, business development, international economics, industrial law, and human resources.

Economic Courses

At UG Level

  1. BA (Economics)
  2. BA(Hons) (Economics)
  3. B.Sc. (Economics)
  4. BSc. (Hons) (Economics)
  5. BA (Business Economics)
  6. BA (Developmental Economics)

At PG Level

  1. MA (Analytical & Applied Economics)
  2. MA (Applied Economics)
  3. MA (Business Economics)
  4. MA (Corporation and Applied Economics)
  5. MA (Econometrics)
  6. MA (Economics)
  7. MA (Indian Economics)
  8. MA (Quantitative Economics)
  9. MBA (Business Economics)
  10. M.Sc. (Applied Economics)
  11. M.Sc. (Mathematical Economics)
  12. MBE(Master of Business Economics)

At M.Phil. and Ph.D. Levels

  1. M.Phil. (Applied Economics)
  2. M.Phil. (Economics)
  3. M.Phil.(Applied Econometrics)
  4. Ph.D. (Business Economics)
  5. Ph.D.(Economics)

Diploma Courses in Economics

  1. Post Graduate Diploma (Applied Economics)
  2. Post Graduate Diploma (Econometrics)

What are the Career Prospects in Economics?

The lucrative career prospects for economics graduates are open both in public and private domains. The various job opportunities which are available:

Indian Economic Services
Reserve Bank of India
Public sector banks
Private banks
Business journals

All these jobs are of social prestige along with financial stability. After doing PhD, one can join colleges or universities for teaching.

A career option as a Corporate Lawyer after a BA in economics followed by an LLB is also lucrative. BA in economics and MBA placed one in a better position in the private sector. Economic Journalism is another shining area from a job perspective.

Universities and Colleges Offering Economics

Many institutes, colleges, and universities have BA, MA, and PhD level courses in economics. Here are the lists of institutions that are offering economics. On their website, you can easily see other information about the respective universities/colleges/institutes.

  1. Delhi School of
  2. Jawaharlal Nehru
  3. Presidency College
  4. University of Delhi, South
  5. St. Stephen College, Delhi University
  6. University of
  7. Indian Statistical Institute Kolkata-www.
  8. Sri Ram College of
  9. University of Agriculture
  10. Ravenshaw University, Cuttack-www.
  11. Gokhale Institute of Economics &
  12. Symbiosis School of
  13. Madras School of
  14. IIT
  15. Banaras Hindu

For a recognised institution in the field of economics, everybody wishes to join the London School of Economics.

Jobs in Economics Fields

An array of employment opportunities is available in economics. Deserving candidates can get excellent job opportunities after completing their BA or MA in economics. Those with higher degrees in economics can get prestigious jobs in various government organisations. Job opportunities are also waiting in the private sector, NGOs, and International Aid Agencies. Firms like the World Bank, Asian Development Bank, IMF, and other Development Banks, Aid agencies, and Financial Consultancy firms are hiring economic graduates for their various positions. One can work in these organisations as an economist, economic advisor, executive, analyst, consultant, researcher, financial analyst, business analyst, economic research analyst, and stock market analyst. As far as salary is concerned, many candidates are hired through campus placement. The average salary is Rs 4 to 8 lakh per annum. But for deserving candidates, the field opens many options, and remuneration is beyond expectation. Fields like accountancy, actuarial, banking, and insurance also open many job opportunities.

Economics Employment Opportunities

The various fields offer better job opportunities after passing a BA or MA in economics. Some high-demand sectors are given below, where job prospects are enormous.

  1. Accounting
  2. Auditor
  3. Banking and Finance
  4. Insurance Investment
  5. Marketing
  6. Stock Broker
  7. Media Analyst
  8. Management
  9. Manufacturing
  10. Advertising
  11. Communication
  12. Actuarial
  13. Education and Research
  14. Retailing
  15. System Analysis

Different Fields of Economics

There are various fields of economics. Some of the essential disciplines are given here.

  1. Agricultural Economics
  2. Financial Economics
  3. Labour Economics
  4. Industrial Economics
  5. International Economics
  6. Business Economics
  7. Banking Economics
  8. Environmental Economics
  9. Developmental Economics
  10. Rural Economics and Rural Development
  11. Econometrics

64 thoughts on “Careers in Economics after Graduation in India”

  1. Thanks for the great information. I have to a doubt. I think we cannot join planning commission,Reserve Bank of India, National Sample Survey, Ministry of Economic Affairs etc only on the basis of our degree (UG/PG)

    There must be some exams.

  2. Hello, Myself Madhu. I have done Masters in Business Economics and currently, I am serving a small IT firm as Business Analyst. But I want to move to Public sector. I have tried to search, but not yet found that which government organizations hire MBE graduates as Business Analyst and what is the selection procedure. I will be really grateful if somebody help me knowing this. Hope I will get a positive reply soon.


    • Hello ma’am i want to enquire that i have also pursued Business Economicsa my Graduationcourse, so is for post grad. IS MBA having more opp. And scope or post grad. In MBE or doing post grad. In economicsfom colleges like DSE.

      Ma’am plzzz reply ASAP

    • Those who want to enter into central goverrnment service/job, should follow the “”Employment News”” published weekly by the government. All central government jobs will be through UPSC OR SSC or Specified Recruitment Board or Selection Board open competitive examinations, and interviews. Selections will be strictly on all india merit basis only.

    • Madhu I am Daniel see I am also interested in economicst so what should I do for DEGREE in economicst. Plz reply in this number 9509722400

    • Job opportunities are also waiting in the private sectors, NGOs and International Aid Agencies. The firms like World Bank, Asian Development Bank, IMF, and other Development Banks, Aid agencies,

  3. i am in 12 right now and i have a doubt which stream to choose …now i am thinking about doing economics honours ….for dis course do v have to good vry good in maths or any other subject ??? please do reply really in need of ur help…!!

    • yes,u need to be fairly good in maths if u want to do eco honours. it is a serious course and need to work hard in order to excel but it has an excellent scope

    • please dont do economic honour because when u come in the market for job everybody considered it as u have done B.A which has no value…seriously go for honour atleast u will be job of accountant..or i will suggest do some professional course.

      • you need to do a more detailed research on the scope of humanitites before saying BA has no scope and Bcom has plenty

    • As economics is a subject of great demand, one have to pass 10+2 with good marks so that he/she can secure a seat in a reputed college in economics as honours. Besides, in some institutes, it is necessary to have mathematics in your 10+2 to get admission in economics honours.

      • No dear you just have to be good or you can say average in mathematics.
        Its not that you should be excel in mathematics but alteast you should be able to understand.
        Best of luck

    • There is no any need of maths for doing graduation by economics…
      Yup, there is some colleges like BHU,DU they prefer maths but not all collages…Me also in 12th …so I have serched it on internet or on u-tube also..
      There is some colleges like Loyola’s college in tamil nadu, and other many colleges which prefer graduation for economics without maths…

  4. sir i have completed an M.A in economics. please tell me sir, my whole education have been art faculty. i should do the my careear in economics please tell me the, job vacancy

    • bro u can apply for government service like IES ( indian economics service) conducted by UPSC….only MA economics student can give thiz xam……….god bless uh……

  5. i am in 12 right now and i have a doubt which stream to choose …now i am thinking about doing economics honours ….for dis course do v have to good vry good in maths or any other subject ??? please do reply really in need of ur help…!!

    • Hi……i love economics but i didn’t take maths..
      so plz tell me best economic collage india if a person is not taken maths in class 12…,

  6. Hi……i love economics but i didn’t take maths..
    so plz tell me best economic collage india if a person is not taken maths in class 12…,

    • if you have not taken maths it would be extremely difficult to perform well in economics …….. both the subjects r interlinked ur 12th economics is totally different from economics in graduation …. it is more analytical ……. and if you will take admission in any private college for economics hons it will be of no use ………. find your interest in any other subject

  7. Hlo mam this is preeti I have done mah graduation BT I m puzzle bw master of economics or m.a Eco which is d best degree plz hlo me I will be ur grateful I need advice plz……

  8. Hello Mam.. I m priya.. I hv completed my UG by B.A. Wid eco. English n fine arts n PG in Economics …bt I secure 1st divion in UG n 3rd div in PG..can now I hv any option to make future by economics in public sector plz reply…..

  9. hello mam.I am swagata ..I am a student of BA 2nd year.I didnot have economics in higher secondary level. now i have economics general in graduation level.but I want to read economics after plz help me mam….what i will do?

  10. hiii… I am doing eco honours in private collage but i am not interested in math . so plzz justed me that i choice better or not???? and is it true that collage give placement after under grad course . i hope some one reply

  11. Hlw mam…. M rajlakhi… M also a student of eco (hons)…bt I didn’t hv maths in 12… Cn I flourish my life further eco as background… Plz reply 2 me

  12. Hello sir i am learning in subject in ba -pol,eco,soc and complsary eng,mar.but i wish pg in psychology it possible sir!

  13. Pappu Prasad
    Hello sir/mam, naw i m pursuin in part 2 by eco hon’s.
    so want to know that,what can i do after complited graduation,bcs i belong to a middle familly.

  14. hii mam. i am doing my ba corporate economics . going to complete my first year. so wht are the oppurtunities i have after completing ba corporate economics.

  15. I want to be a manager or deputy manager in any govt sector.But i do not know what qualification are needed for it.sir kindly reply me..i am Graduate ..

  16. Hello MAm , me Priya Rathore
    In BA 3rd year with,geo& eng.literature.And after BA I want to proceed with Economic in MA can I go with this..

  17. Plz suggest me !
    I am graduate in B. Sc. Math and physics.
    But I am targeting the Bank PO job since last year.
    can I post graduation in economics ?because of interest and need of awareness . And this will be helpfull to my career

  18. Hai.. I’m neha I’m after 12 selected BA economics.I have a doubt . After this anymore options studying. Please reply

  19. hello sir
    I am a student of B.Tech in electronics branch but i have a lot of interest in banking and economics so i want to continue my study in the field of economy or do job with in economical field so please suggest me some appropriate course or job so that my future get enliaghted.

  20. Hi I am somonath and I have some questions about economics carrier way. After complete PG in economic can apply different types of post and after complete PG in economic can join MBA in finance it got better opportunity to find more well positions job.. So my question is what is carrier prospects after PG in economic join MBA in finance

  21. Hii I’m tanya… I’m in 3rd year doing B.A. economics from B.H.U. and I’m really confused what to do after this… Plzz suggest something …

    • First of all, give full concentration on your graduation. There is a vast scope of economics both in the government as well as private sectors. It is also recommended to do MA in the same field.

  22. Hi sir myself amrutha studying 12 std. I chose bio maths after 12 can i opt for BA it easy by not choosing commerce in 11 and 12std.really confused pls reply

  23. I ,Priyanka Jaiswal , pursuing b.a eco (hon) ,please tell me mam/ sir what can I do after completing graduation .

  24. I have done M. A economics and b. Ed currently working on international school but looking for great pay and some other good field to settle down my future…. Can you please suggest

  25. I need to choose a degree course but i am not clear with my goals but i have an interest in economics so is ba in economics good for me as now i need a course that helps me evolve and also which determine my financial stability in future

  26. Hello, this is Priyanshi. I have passed class 10th this year. And now I am confused in choosing subjects. I want to be an IAS officer or any other civil services. I want to serve for my country. There are enormous subjects in Arts stream. It is very difficult to choose subjects out of these wide options. Can you help me to choose good subjects in Arts for preparations of UPSC exam.
    I am waiting for a positive reply.

  27. I want to masters in econometrics but I don’t have maths or statistics in graduation. Is it possible for me to masters in econometrics?

  28. I am a student of BA Hons Economic and I want to thank Quantum University and team for giving me a chance to be a part of such esteemed university. The location of university can be beautifully defined in pictures. The faculty enables the student to take right decisions and make them professionally qualified for their future endeavors. It has been great experience as a student here. The infrastructure, facilities and the way to imparting knowledge is truly commendable. I would advise everyone to join Quantum University for good education and great placements.

  29. Hello i am final year student of BA (Hons)Economics and i am very confused about my career and i want pursue MA Eco at renowned university …please suggest me what should i do…..


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