Economics Career Guide: Roles, Salary & Future Scope

Pallavi Priyadarshini PandaContent Writer
Economics career scope is quite vast in our globalized world. We live in an era where the world has become smaller. There is an opportunity for trade between countries. Economics has become a very important field of study to help expand the growth and opportunities in a country.
Students who choose to pursue a career in Economics can look forward to a promising and stable career with a lot of job options. Students can pursue a career as a financial analyst, investment banker, policy analyst, business strategist, etc. A college fresher with an Economics course can expect a salary of around INR 8–15 LPA.
Students who complete the BA Economics course can choose to pursue higher education in MA Economics and Ph.D. in Economics. Most students choose to work in MNCs, universities, financial institutions, consultancies, etc. Some of the top recruiters after an Economics course are Cognizant Technology Solutions, McKinsey & Company, KPMG Boston Consulting Services, etc.
You May Like:
Top Job Profiles for Economics Graduates
The Economics language is one of the most popular subjects across the world. Students can pursue so many jobs after completing an Economics course.
Government & Private Sector Jobs after Economics Courses
Students can get a job in both, the government as well as the private sectors after completing an Economics Course. Some of the top careers for economics graduate are listed below
|
Economics Job Profiles |
Job Description |
Average Salary |
|---|---|---|
|
Investment Banker |
Provides financial advice to corporates and helps them with acquisitions and mergers. |
INR 16.7 LPA |
|
Economist |
Analyses and prepares reports for improving the financial situation of a business |
INR 16.4 LPA |
|
Actuary |
Assess the present financial situation and plans for uncertain financial conditions. |
INR 7.5 LPA |
|
Financial Analyst |
Creates financial models that could be beneficial for investors and assesses stocks and investments. |
INR 5.9 LPA |
|
Stockbroker |
Enable the sale and purchase of stocks |
INR 2.8 LPA |
Note - The salaries given above have been taken from Ambitionbox.com.
Related Articles:
Economics Courses: Emerging Trends in Careers
- Behavioral Economics: Behavioral Economics is the study of consumer patterns and behaviors. It is a growing industry as it allows big corporations to understand their target audience and develop products and services that appeal to this targeted group. This can help companies grow and increase their revenue.
- Green Growth: Sustainability is a growing concern across the globe. As most governments change their environmental policies, companies are forced to grow more sustainable in their outlook towards growth, but without the cost of hampering their advancement.
- Technology and Advancement: The advancement in technology has made information accessible at the tip of the finger. This brings a large skill gap between the current workforce and the relevant skills required by companies to grow in an effective manner.
- Development of Smart Cities: Smart cities are equipped with transportation, energy, health, utilities, and governance infrastructures. These cities are essential to enable the growth of the country along with the SEZs, as they boost trade practices and opportunities in society.
Economics Courses Scope in India: Jobs, Salary, and Further Education
There is a lot of scope for students who wish to pursue a career in Economics. Students can choose to work in the creative industry, in education as well as in the hospitality sector. There are many options for Economics freshers to choose from. Read on to find out more about Economics career scope and opportunities.
Core Industries for Economics Career
An Economics graduate can find themselves working in various industries. Students can take a look at some of the commonly chosen job industries for a career in the Economics sector.
|
Economics Core Industry |
Average Salary |
|---|---|
|
Government Organisations |
INR 4 LPA |
|
Financial Institutions |
INR 4.5 LPA |
|
Corporations |
INR 3.5 LPA |
|
Consultancies |
INR 13 LPA |
|
Universities and Colleges |
INR 15.5 LPA |
Note- This info is taken from various sources and may vary.
Economics Course Careers Top Recruiters
The top recruiting companies for students who have completed Economics courses include companies like:
|
Economics Courses Top Recruiters |
||
|---|---|---|
|
Bain & Company |
Boston Consulting Services |
KPMG |
|
McKinsey & Company |
Deloitte Consulting Services |
JP Morgan |
|
EY-Parthenon |
Morgan Stanley |
CRISIL |
Students Also Read:
Courses after Economics
There are many students who choose to go for higher studies after completing an UG or PG degree in Economics. You can check some top course options in the table below.
|
COURSE |
DESCRIPTION |
|---|---|
|
B.Ed |
A B.Ed degree equips a student with the necessary skills to enter elementary and secondary teaching positions. |
|
Law |
An academic degree that educates students about citizen rights, governance, legal knowledge, etc. |
|
MBA |
A 2-year professional management degree that instructs students on business management, administration, and operation. |
|
PhD |
A doctorate permits candidates to independently conduct and publish their research. |
Also Read:
Economics Courses: Top Colleges for Placements In India
There are many colleges in India that offer Economics courses. Some of the top colleges, with the highest average placement packages have been mentioned in the table below:
|
Economics Colleges |
Average Placement Salary |
|---|---|
Indian Institute of Foreign Trade |
INR 26.5 LPA |
IIT Kharagpur |
INR 21.28 - 24 LPA |
BITS Pilani |
INR 18 LPA |
University of Mumbai |
INR 18 LPA |
IIT Bombay |
INR 17.92 LPA |
Xavier School of Economics |
INR 17.1 LPA |
IIT Delhi |
INR 17 LPA |
Note - The info is taken from the official website and can vary.
You May Like:
Top 10 Economics Colleges of Delhi University
Which Economics colleges in India offer good placements?
- Popular Economics Colleges in India
- Popular Private Economics Colleges in India
- Popular Exams
- Popular Economics Specializations
- Most Popular Courses
- Popular Economics UG Courses
- Popular Economics PG Courses
Popular Economics Colleges in India
Popular Private Economics Colleges in India
Economics Applications open. Apply Now
Economics Applications open. Apply Now
Economics Applications open. Apply Now
Popular Exams
Aug '26 | CPGET 2026 Counselling TENTATIVE |
5 Aug ' 26 | CPGET 2026 Result |
2 Jul ' 26 | PUBDET 2026 2nd Merit List |
Jun '26 | PUBDET 2026 Results TENTATIVE |
22 Aug ' 26 | SAT India Exam (August) Attempt |
12 Sep ' 26 | SAT India Exam (September) Attempt |
23 Jun ' 26 | CUET UG 2026 Result |
21 Jun ' 26 | CUET UG 2026 Final Answer Key |
Popular Economics Specializations
Popular Specializations
Most Popular Courses
Popular Courses
- B.A. (History + Economics)Hansraj College, University of Delhi
- B.A. (Economics + Commerce)Hansraj College, University of Delhi
- B.A. (Hons.) in EconomicsHansraj College, University of Delhi
- B.A. (Hons.) in EconomicsHindu College, University of Delhi
- B.A. (Economics, English)Hindu College, University of Delhi
- B.A. (Hons.) in EconomicsMiranda House, University of Delhi
- Bachelor of Arts (B.A.)Kirori Mal College, University of Delhi
- B.A. (Hons.) in EconomicsKirori Mal College, University of Delhi
- B.A. (Hons.) in EconomicsAtma Ram Sanatan Dharma College, University of Delhi
- B.A. in EconomicsPSG College of Arts and Science - PSGCAS
Popular Economics UG Courses
UG Courses
- B.A.
3016 Colleges
- B.Sc.
296 Colleges
- B.A. (Hons)
144 Colleges
- B.Com
10 Colleges
- B.Ed
7 Colleges
Popular Economics PG Courses
PG Courses
- M.A.
1690 Colleges
- M.Sc.
88 Colleges
- M.Com
12 Colleges
- PG Diploma
11 Colleges
- MBA/PGDM
10 Colleges
News & Updates
Student Forum
Answered Yesterday
Yes, you can apply for BA Economics even if your class 12th result is awaited. There are many colleges that offer admission before the results are out.
Candidates will need to submit a passing certificate and any other documents required by the college. Colleges can reject your application if the doc
B
Contributor-Level 8
Answered Yesterday
Yes, you can get admission in a BA Economics course without appearing for an entrance exam. Many colleges in India offer admission on the basis of class 12th scores. But, candidates should verify with college of their eligibility criteria and admission policy.
B
Contributor-Level 8
Answered Yesterday
BSc Economics is very maths centric. Students have to study concepts including calculus, linear algebra and advanced statistics.
BA Economics has more theory. It involves studying policy history, political structures, human behaviour and economic history. It is a more social science.
B
Contributor-Level 8
Answered Yesterday
You don't have to be a Mathematics genius to study BA Economics. But you should have a strong hold on at least class 12th level maths.
You should be able to understand parts of math like calculus, algebra and basic statistics.
B
Contributor-Level 8
Answered 2 days ago
Students can visit the official WBCHSE website and open the Model Question Paper Books or previous year paper section. From there, they can download the Economics sample paper for their required semester.
S
Contributor-Level 7
Answered 2 days ago
The paper has three sections. Section A carries 2-mark questions, Section B carries 4-mark questions, and Section C carries 6-mark questions, adding up to 40 marks.
S
Contributor-Level 7
Answered 2 days ago
Semester III Economics generally follows an objective, MCQ-based format worth 40 marks. It covers National Income Accounting, the Keynesian system, and early Indian Economic Development topics
S
Contributor-Level 7
Answered 2 days ago
The WBCHSE Class 12 Economics Semester IV paper carries 40 marks and runs for 2 hours. It covers Macroeconomics and Indian Economic Development topics from the semester syllabus.
S
Contributor-Level 7
Answered 3 days ago
The total tuition fee of Vishwakarma University BSc Economics course is INR 3.9 lakh.
M
Contributor-Level 10
Answered 6 days ago
By completing M.Sc. (Economics) programme at Lovely Professional University (LPU), students who want to do their research-based career and would like to get associated with Banking and finance, consulting, Public policy and Data analysis field would get a wonderful opportunity to make their career.
Y
Beginner-Level 2
Answered a week ago
Sure, I am sharing the details about the BS in Economics programme at IIT Patna below.
The course duration is 4 years.You need to have a valid score in JEE Advanced and 75% marks in 10+2 (HSC) or equivalent.
A
Contributor-Level 10
Answered a week ago
Students need at least 35 out of 100 marks to pass the TS Inter Economics exam.
S
Contributor-Level 7
Answered a week ago
The sample paper is a useful tool, but it should be used along with the textbook and class notes. not as a complete replacement for them.
S
Contributor-Level 7
Answered a week ago
TGBIE usually releases model papers a few months before the board exams. Students can check this page for the latest update once the paper is out
S
Contributor-Level 7
Answered 2 weeks ago
Students interested in financial analysis, policy research, and economic consulting can find M.Sc. Economics at LPU a suitable choice. The curriculum covers economic theory, data analysis, econometrics, and public policy with practical projects and research work. Industry interaction and analytical
S
Beginner-Level 1
Answered 3 weeks ago
M.Sc. Economics opens doors to much more than teaching or research. After completing the program, students can explore roles such as Economic Analyst, Data Analyst, Research Associate, Policy Consultant, Financial Analyst, and Market Research Executive. Many also prepare for government services bank
a
Beginner-Level 5
Answered 3 weeks ago
M.Sc. Economics graduates from LPU get opportunities in banking, financial services, market research, consulting, analytics and corporate firms. The course builds skills in data analysis, econometrics and policy research through practical learning. Students also receive placement support, internship
S
Beginner-Level 1
Answered 3 weeks ago
Yes, students can prepare for RBI, UPSC, UGC NET, and similar competitive exams while pursuing M.Sc. Economics at LPU. The course builds a strong base in economics, statistics, research, and analytical thinking, which is useful for many exams. With proper time management, regular classes, and self s
S
Beginner-Level 1
Answered 3 weeks ago
The M.Sc. Economics programme at LPU helps students build strong analytical and quantitative skills through subjects such as econometrics, statistics, data analysis, forecasting, and economic modeling. Students also learn to use research methods and software for solving real economic problems. This
S
Beginner-Level 1
Answered 3 weeks ago
The M.Sc. Economics programme at LPU covers subjects like Microeconomics, Macroeconomics, Econometrics, Public Economics, International Economics, Financial Economics and Research Methods. The curriculum also includes data analysis, policy studies and practical projects. This helps students build an
S
Beginner-Level 1
Answered 3 weeks ago
Yes. LPU includes practical learning through econometrics, data analysis, and economic research as part of the M.Sc. Economics curriculum. Students work with real datasets, research projects, and analytical tools to understand economic trends and solve practical problems. This approach helps build r
S
Beginner-Level 1
Answered 3 weeks ago
M.Sc. Economics graduates from LPU can explore careers in banks, consulting firms, financial institutions, research organizations and government sectors through competitive exams. The curriculum builds skills in data analysis, policy, finance and economics with practical exposure, helping students p
S
Beginner-Level 1
Answered 3 weeks ago
Yes. The M.Sc. Economics programme at LPU includes research based learning through projects that help students study real economic issues using data and analysis. Students also get opportunities for internships and industry exposure, depending on the curriculum and availability. This practical appro
S
Beginner-Level 1
Answered 4 weeks ago
This depends upon your future career path. If you want to join the field of research, academics, or policymaking, then you should go for MA Economics.
But if you are interested in management careers, then choose MBA Economics.
B
Contributor-Level 8
Answered a month ago
There is no fixed percentage cutoff for every year. However based on recent merit lists the BA Arts cutoff generally falls around 35% to 55% (Class 12 marks) for most categories depending on the round and seat availability. Since BA is a non-technical course, admission is mostly merit-based and rel
A
Beginner-Level 4
Answered a month ago
With a CUET PG 2026 score of 164 and a B.A. Economics from GITAM University, your chances of getting into top universities like Delhi University (DU), Banaras Hindu University (BHU), or the University of Hyderabad are likely to be limited in the General category, as their M.A. Economics cut-offs are
A
Beginner-Level 4
Answered a month ago
Candidates need minimum 55% aggregate in Class 12 or equivalent and Mathematics as one of the subject from any recognised board to be eligible for admission in BSc Economics at Adamas University.
S
Contributor-Level 10
Answered a month ago
University of Gottingen is generally considered the better option for Indian students interested in a more research-oriented Economics degree. Gottingen maintains an excellent reputation for empirical methods, econometrics, and development economics.
However, students interested in a more practical d
A
Contributor-Level 10
Answered a month ago
Bocconi ranks among the top 10 universities in Europe and top 15-30 globally for Business, Management, and Economics. Given below is how the university ranks for these programs:
- QS World 2026 (Social Sciences and Management) - #4 in Europe and #12 in the world
- QS World 2026 (Economics and Econometrics
A
Contributor-Level 10
Answered a month ago
Banaras Hindu University
University of Delhi
Savitribai Phule Pune University (Pune)Aligarh Muslim University (Aligarh)
University of Hyderabad (Hyderabad)
M
Beginner-Level 2
Taking an Exam? Selecting a College?
Find insights & recommendations on colleges and exams that you won't find anywhere else
On Shiksha, get access to
- 66k Colleges
- 1k Exams
- 710k Reviews
- 1850k Answers
Can I still apply for BA Economics if my class 12th result is awaited?