Careers in Economics after Graduation in India

Economics is considered an evergreen subject due to its high utility and huge demand in the job markets. Economics is a very important discipline both for career as well as job point of view. The significance of economics has greatly increased post reforms era. Job opportunities have increased manifolds post-liberalization, privatization, and globalization (LPG), and after the merging of the world economy. Well-trained economists are in huge demand not only in India but also across the world for a rapidly globalizing economic scenario. They are hired as economic analysts, researchers, and consultants.

Economic Courses and Eligibility

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

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

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 career prospects for economics graduates are many. Numerous fields are waiting for economic graduates both in the public as well as private sectors. In the government sector, one may try for Indian Economic Services, jobs in Reserve Bank of India, PSUs, and other public sector banks. All these jobs have wonderful career options. These jobs give you social prestige along with financial stability. The private sector also offers jobs for economic graduates in the fields like private banks, MNCs, BPOs, KPOs, Business journals, and newspapers. A good opportunity is also waiting for economic students in higher education. One can pursue a Ph.D. in economics to enter into the field of teaching in colleges and universities.

One makes a successful career as a Corporate Lawyer after BA in economics followed by LLB.  BA in economics and MBA placed one in a better position in the private sector.  Economic Journalism is another shining area for job perspective.

Universities and Colleges Offering Economics

There are many institutes, colleges, and universities that have economics in its BA, MA, and Ph.D. level courses. Here are the lists of institutions that are offering economics. You can easily see other information related to the respective universities/colleges/institutes with their given website.

  1. Delhi School of Economics-www.econdse.org
  2. Jawaharlal Nehru University-www.jnu.ac.in
  3. Presidency College Kolkata-www.presiuniv.ac.in
  4. University of Delhi, South Campus-www.south.du.ac.in
  5. St. Stephen College, Delhi University-www.ststephens.edu
  6. University of Bombay-www.mu.ac.in
  7. Indian Statistical Institute Kolkata-www. isical.ac.in
  8. Sri Ram College of Commerce-www.srcc.edu
  9. University of Agriculture Science-www.uasbangalore.edu.in
  10. Ravenshaw University, Cuttack-www. ravenshawuniversity.ac.in
  11. Gokhale Institute of Economics & Politic-www.gipe.ac.in
  12. Symbiosis School of Economics-www.sse.ac.in
  13. Madras School of Economics-www.mse.ac.in
  14. IIT kanpur-www.iitk.ac.in
  15. Banaras Hindu University-www.bhu.ac.in

For world recognized 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 the economics field. Meritorious candidates can get excellent job opportunities after successfully completing their BA or MA in economics. Economics graduates can get prestigious jobs in the government sectors like Indian Economic Services, Indian Civil Services, Reserve Bank of India, National Sample Survey, Ministry of Economic Affairs, Planning Board, Planning Commission, National Council for Applied Economic Research, and National Institute of Public Finance and Policy.

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, Financial Consultancy firms are hiring the economic graduates for their various positions. One can consume in these organizations as economist, economic advisor, executive, analyst, consultant, researcher, financial analyst, business analyst, economic research analyst, and stock market analyst. As far as salary is concerned, lots of candidates are hired through campus placement. The average salary is Rs 4 to 8 lakh per annum. But for the deserving candidates, the field opens a plethora of options, and remuneration is also beyond expectation.  The filed like accountancy, actuarial, banking; insurance is also open many job opportunities.

Economics Employment Opportunities

The various fields are offering better job opportunities after passing a BA or MA in economics. Some of the high demand sectors are given below where job prospects are huge.

  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 important 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.

    Reply
  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.

    Regards
    Madhu

    Reply
    • 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

      Reply
    • 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.

      Reply
    • 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

      Reply
    • 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,

      Reply
  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…!!

    Reply
    • 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

      Reply
    • 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 b.com honour atleast u will be job of accountant..or i will suggest do some professional course.

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

        Reply
    • 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.

      Reply
      • 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

        Reply
    • 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…

      Reply
  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

    Reply
    • 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……

      Reply
  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…!!

    Reply
    • 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…,

      Reply
  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…,

    Reply
    • 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

      Reply
  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……

    Reply
  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…..

    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 graduation.so plz help me mam….what i will do?

    Reply
  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

    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

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

    Reply
  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.

    Reply
  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.

    Reply
  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 ..

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

    Reply
  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

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

    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.

    Reply
  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

    Reply
  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 …

    Reply
    • 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.

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

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

    Reply
  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

    Reply
  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

    Reply
  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.
    Regards
    Priyanshi

    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?

    Reply
  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.

    Reply
  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…..

    Reply

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