Economics Career Scope: Jobs, Placements, Salary 2024, Top Recruiters

Akansha BishtContent Writer
Economics career scope is rapidly increasing in our globalized world. We live in an era where the world has become smaller. There is a vast opportunity for trade between countries. Economics has become an essential 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 fascinating, fulfilling, and stable career with ample opportunities and scope for growth. Economics graduates can pursue a career as a financial analyst, investment banker, policy analyst, business strategist, etc. An Economics course graduate can expect a salary ranging from 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.
Popular colleges where students can study Economics courses are Delhi University, Banaras Hindu University, Amity University, Jamia Millia Islamia, Christ University, etc.
Economics Courses Career: Quick Facts
- According to the Bureau of Labor Statistics, U.S. Department of Labor, employment of economists is projected to grow 5 percent from 2023 to 2033.
- The Bureau of Labor Statistics has projected a demand for 18,400 vacancies every year, by 2033.
- As per Ambitionbox, salaries of Economists in India vary widely based on experience. Entry-level positions offer ₹2.5-5.0 Lakhs per year, rising to ₹5.0-8.0 Lakhs with 1-3 years’ experience and ₹8.0-12.0 Lakhs with 3-5 years’ experience. Senior economists earn ₹12.0-18.0 Lakhs (5-8 years) and seasoned professionals can make ₹18.0-38.0 Lakhs (8-12 years). On average, economists earn ₹16.2 Lakhs annually, influenced by factors like location and industry.
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Top Job Profiles and Careers for Economics Graduates
The Economics language is one of the most widely studied subjects across the world. Students can pursue a plethora of job opportunities 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 may vary depending on the companies offering the jobs.
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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 (Special Economic Zones), as they boost trade practices and opportunities in society.
Economics Courses Scope in India: Jobs, Salary, and Further Education
There is vast 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 graduates 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. The job opportunities are diverse. Students can take a look at some of the commonly chosen job industries for a career in the Economics sector.
Economics Core Industry |
Description |
Average Salary |
---|---|---|
Government Organisations |
Economists play a major role in the functioning and development of a nation. They address various economic problems, thus improving everyone’s life. |
INR 4 LPA |
Financial Institutions |
Investment companies, credit unions, banks, and insurance companies provide job opportunities to Economics graduates in various job profiles. |
INR 4.5 LPA |
Corporations |
Economics graduates can work in corporations and MNCs. They work to improve the business functions and performance. |
INR 3.5 LPA |
Consultancies |
Having command over the subject of economics and having good statistical skills can help them use it for consultancy. |
INR 13 LPA |
Universities and Colleges |
Academia is said to provide a large number of jobs to Economics graduates. Those who have completed their master's degree can work as assistant professors, whereas those who have a PhD can work as professors. |
INR 15.5 LPA |
Note: This information is sourced from multiple sources on the web. Hence, it 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 |
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Courses after Economics Courses
There are many students who choose to further their education after completing an undergraduate or postgraduate degree in Economics. Higher education opens up a wide horizon of possible career opportunities and helps students develop deeper knowledge and gain practical skills that can help them in the real world.
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. |
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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- Indian Institute of Technology |
INR 21.28 - 24 LPA |
BITS Pilani- Birla Institute of Technology and Science |
INR 18 LPA |
University of Mumbai |
INR 18 LPA |
IIT Bombay- Indian Institute of Technology |
INR 17.92 LPA |
Xavier School of Economics |
INR 17.1 LPA |
IIT Delhi—Indian Institute of Technology |
INR 17 LPA |
Note: The information is sourced from the official website counseling body and may vary.
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FAQs on Economics Career
Q. To which job profiles does an RBI Grade B Officer get promoted?
A. RBI Grade B Officer can get promoted to various other job profiles. The promotion is based on the officer’s work performance, seniority and internal exams. These job titles as per hierarchical structure of RBI are as follows:
- Assistant Manager
- Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
- Chief General Manager
- Executive Director
- Deputy Governor
Q. What is the difference between a Financial Analyst and Investment Banker?
A. The job profiles of a Financial Analyst and an Investment Banker are popular among candidates who have pursued Economics courses. Professionals working in both these job profiles have similar nature of job. However, there are some key differences between a Financial Analyst and an Investment Banker which are as follows:
Financial Analyst |
Investment Banker |
---|---|
Analyses and assesses the present financial condition of companies |
Advising companies over investment patterns and outcomes |
The job profile requires problem solving skills. |
The job profile requires mathematical skills. |
Works in Firms and businesses. |
Works in corporates and can also work with individual clients. |
Average Annual Salary: 2 LPA to 11 LPA |
Average Annual Salary: 1.9 LPA to 40 LPA |
Q. What is the difference between an Economist and an Accountant?
A. The job profiles of an Economist and Accountant are such that they can pursued by candidates who have completed Economics courses. Both these jobs require candidates who possess command over finance, costing and economics. However, these profiles vary on the basis of key job responsibilities and nature of job.
- An Economist is concerned with the bigger picture of economic framework and patterns. They have a major role to play in the national and international decision making processes.
- An Accountant has to maintain financial records, prepare business statements and publish reports. They work within the guidelines set by policy makers.
Q. What is Economic Journalism?
A. Economic journalism is a sub-field of Journalism. As the name suggests the field requires candidates who possess the knowledge of both Economics and Journalism. The primary aim of this field is to recognize the issues in the field of Economics and report the problems in order to seek solutions to them. It simplifies the complex economic jargons and explains in a way that could be understood without any background knowledge in the field. A candidate who has completed Economic courses can become and Economic Journalist. The average annual salary of an Economic Journalist is 7.75 LPA.
Q. Are there any Economics Work from Home jobs?
A. In this digital era, where every field is getting digitalized, the field of economics does not stay behind. There are various job profiles that a candidate can pursue in the field of economics in remote or work from home mode. These jobs are flexible in nature and provides the opportunity to look for jobs beyong geographical limitations. Some of these jobs are listed below:
Economics Work from Home Jobs |
Average Salary |
---|---|
Content Writer (Business Category) |
2.4 LPA - 3 LPA |
Subject Matter Expert (Economics) |
2 LPA – 2.5 LPA |
Online Economics Tutor |
3 LPA |
Q. How to apply for an internship at NITI Aayog?
A. The full form of NITI Aayog is National Institution for Transforming India. The candidates pursuing undergraduate and postgraduate courses can apply for internship in NITI Aayog under the NITI Aayog internship scheme. Given below is a step-wise procedure that explains the application process from internship at NITI Aayog:
Step 1: Visit the official website of NITI Aayog and go to the Internship Section of the website.
Step 2: Read carefully the “NITI Internship Scheme” and “Instructions to fill the Online Application Form”.
Step 3: Candidates can apply for internships during the first 10 days of every month.
Step 4: Fill in the necessary details and submit the application form.
Step 5: Revisit the website to check the status of acceptance.
Q. What is the highest salary of an Economist in various sectors?
A. The highest salary of an Economist may vary depending on the company. However, the senior level Economists are known to get high salaries based on their experience and expertise in their domain.
Given below are some of the main sectors that provide job opportunities to an Economist, along with the average salary of senior-level Economists:
Sectors employing Economists |
Average Salary of Senior Economists (in INR) |
---|---|
Banking |
22.8 LPA |
Financial Services |
21.4 LPA |
IT Services & Consulting |
16.0 LPA |
Management Consulting |
15.4 LPA |
Analytics & KPO |
12.8 LPA |
Q. What is the difference between a Stock trader and a Stock broker?
A. The job roles of a Stock Trader and Stockbroker are often used interchangeably from the common man’s context. However, these job profiles differ from each other in many aspects such as job responsibilities and primary goals of the job. Stock Traders are like salesmen who buy and sell stocks to gain profit from changes in the market. The average salary of a Stock Trader is INR 3.4 LPA. Stockbrokers are middlemen who work with clients and buy and sell stocks on their behalf. The average salary of a Stockbroker is INR 2.8 LPA.
Q. What are the Group A Government jobs under the Ministry of Finance?
A. Ministry of Finance is an important Ministry under the Government of India. Many Economics graduates aspire to work in various Departments under this Ministry. They can secure Group A jobs under the Ministry of Finance by qualifying for various competitive examinations such as UPSC CSE, UPSC IES etc.
Given below are some of the top services under the Ministry of Finance under which there are various designations:
Ministry of Finance Group A Services |
|
---|---|
Indian Civil Accounts Service (ICAS) |
Indian Information Service (IIS) - Group A |
Indian Defence Accounts Service (IDAS) |
Indian Economic Service (IES) |
Indian Revenue Service (IRS) - Income Tax |
Central Excise Service (CES) |
Indian Audit and Accounts Service (IA&AS) |
Indian Cost Accounts Service (ICoAS) |
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May 27, 2025
Student Forum
Answered 4 days ago
Yes, you'll find a significant amount of Maths used in Economics courses, especially at the UG-level courses. Though UG, Diploma, and Certificate level courses with basic concepts have simpler Mathematical models used in the program, you'll find more complex Maths concepts in the further level cours
A
Contributor-Level 8
Answered 4 days ago
Hello, here are some top Economics book options you can consider, along with your regular syllabus for extra knowledge and exposure:
- What Went Wrong With Capitalism by Ruchir Sharma.
- Economics Beyond the Millennium by Alan Kirman.
- The Deficit Myth by Stephanie Kelton.
- THE shortest HISTORY OF ECONOMICS b
L
Contributor-Level 8
Answered 4 days ago
Here are some documents you must carry during the Economics application process:
- Class 10 and 12 marksheets
- A bachelor's or master's degree (if applicable)
- Provisional Certificate
- Transfer Certificate
- Migration Certificate
- Passport-sized photographs (at least two)
- Valid Photo ID Proof (Adhaar, PAN Card, Pa
I
Contributor-Level 8
Answered 4 days ago
In my opinion, Edusure and Ecopoint are the two best options for the MA in Economics entrance exam preparations. Both of them have their own ways to coach students, for example, Edusure will provide the best study materials, mock tests, and doubt-clearing sessions. Meanwhile, Ecopoint has the Econom
R
Contributor-Level 8
Answered 4 days ago
The eligibility criteria for CUET-PG entrance exam for the Master's in Economics course are to obtain a bachelor's degree in a relevant discipline from a recognised university. Reservation quotas mandate 15% seats for SC, 7.5% seats for ST, and 27% seats for other backward classes. Though there is
M
Contributor-Level 8
Answered a week ago
The MA Economics course duration and curriculum lasts two years and four semesters. The MA subject list for Economics consists of basic and elective subjects which explains surrounding concepts of Economics. The goal of MA subject list for Economics is to prepare students for careers in banking, fin
L
Contributor-Level 8
Answered a week ago
To get a seat in St. Xavier's College Ranchi for B.A. (Hons.) in Economics, you need to meet the eligibility criteria of 50% marks in the subject concerned and also 50% aggregate marks in the graduation. The course duration is 4 years under NEP.
A
Beginner-Level 1
Answered a week ago
In the B.A. (Hons.) in Economics at St. Xavier’s College Ranchi, you study economics for 4 years under the NEP program.
A
Beginner-Level 1
Answered a week ago
Students in the BA (Hons) Economics at Panjab University study a mix of theoretical and applied subjects. Key subjects include Introductory and Intermediate Microeconomics and Macroeconomics, Statistical Methods, Indian Economy, and Development Economics. The curriculum also features skill-based and
H
Contributor-Level 10
Answered a week ago
BA (Hons) Economics programme at Panjab University follows a semester-wise structure over six semesters. The curriculum includes Core Courses like Microeconomics, Macroeconomics, Econometrics, and Development Economics, along with Ability Enhancement Compulsory Courses (AECC), Skill Enhancement Cour
H
Contributor-Level 10
Answered 2 weeks ago
Christ Bannerghatta Campus offers a four-year BBA (Hons) in Finance & Economics. Over the course duration, students are taught a range of subjects related to the domains of Finance and Economics. The curriculum is divided into eight semesters. Some of the subjects included in the BBA (Hons) in Finan
H
Contributor-Level 10
Answered 2 weeks ago
Yes, you can select multiple domain subjects along with Economics in the CUET (Common University Entrance Test) exam. Depending on the course and university you are applying to, CUET allows you to choose a combination of subjects. It's essential to check the university-specific requirements for the
N
Beginner-Level 4
Answered 2 weeks ago
To prepare effectively for the CUET 2026 Economics exam, follow the mentioned below points:
- Review NCERT Textbooks: Focus on Class 11 and 12 Economics, covering Microeconomics and Macroeconomics.
- Practice Previous Papers: Solve past CUET question papers and sample papers to understand the exam pattern
Y
Beginner-Level 4
Answered 2 weeks ago
There are core and elective subjects included in the SLS, Pandit Deendayal Energy University BA (H) Economics syllabus. Candidates can choose the preferred elective from the provided list. Mentioned below are some of the core topics covered in the programme:
- Macro Economics
- Micro Economics
- Principles o
P
Contributor-Level 9
Answered 3 weeks ago
NIOS marksheet is accepted in colleges and universities and the percentage required to take admission to pursue B.com is different in every college but the minimum percentage colleges required for B.com is 60% .
D
Beginner-Level 1
Answered 3 weeks ago
For couses like BSc Economics, you have to pay the fees annually. Often it depends on college whether you are subjected to pay the fees annually or yu have to pay the fees semester wise. For better understanding, you should ask your college adminstration.
L
Contributor-Level 8
Answered 3 weeks ago
Hindu College is one of the best colleges of Delhi University, North Campus. If your score is above cut off, congratulations, If you are from OBC category you have high chances of getting in hindu college. Once NTA would make the site live for preference filling make sure to prioritise HINDU COLLEGE
L
Contributor-Level 8
Answered 3 weeks ago
The language of instruction for the University of Tuebingen MSc in Economics and Finance is English. The course is for 4 semesters. To take admission to this course, a Bachelor's degree in Economics, Business Studies or a related field is required. Additionally, the applicants are expected to have s
I
Contributor-Level 9
Answered a month ago
Yes, candidates can pursue BBA course at ECMT Kolkata without studying maths or economics, but students will have to work hard to grasp the concepts. Because these two topics are fundamental to the field. After completing their Class 12, students from any discipline may pursue a bachelor's degree in
T
Contributor-Level 10
Answered a month ago
No, students belonging to the General AI quota cannot gain admission to the BCom course at H.R. College of Commerce and Economics. The first merit list has been released for the academic year 2025-26, in which the minimum cutoff percentage for BCom admission was 93.5. Therefore, considering the firs
R
Contributor-Level 10
Answered a month ago
The total course fee at both the universities is cumulative of various components, such as tuition fee, security deposit, library fee, and more. Additionally, the fee can also vary based on the chosen BSc/ BSc (H) programme. The total tuition fees for BSc at JRSU is INR 49,500. For BSc at Central Un
P
Contributor-Level 9
Answered a month ago
For universities participating in CUET PG 2025, the admission process generally involves the following steps:
1. CUET PG Examination: Candidates must appear for the CUET PG 2025 exam and achieve the required cutoff marks for their desired programme and university.
2. Application to Universities:
R
Contributor-Level 10
Answered a month ago
G- 92%
Obc- 90%
Sc-89%
St-90%\68%
S
Beginner-Level 1
Answered a month ago
Both the institutes offer courses in collaboration with Ajeenkya DY Patil University. The three-year BBA course is offered in one specialisation at ICRI Pune and in different specialisations at ILAM. Hence, there is a fee range at ILAM. Below table showcases the fee details:
Institute | Total Tuition Fee |
---|---|
BBA at ICRI Pune | INR 3.9 lakh |
BBA at ILAM | INR 3.9 Lacs - INR 6.9 lakh |
NOTE: The aforementioned
V
Contributor-Level 9
Answered a month ago
ICRI has its campuses at different cities across the country. The total tuition fees for BSc at both ICRI Pune and ICRI Mumbai is INR 3.5 lakh. Hence, both the institutes are the same in terms of fees. Students still getting confused which institute to get in can compare them based on placements, fa
H
Contributor-Level 9
Answered a month ago
Masters of Applied Economics programme offered by Australian National University focuses on students who are interest in rigorous training in economics. The programme is designed for individuals looking forward to strengthening fundamentals of Economics, Statistics and Econometrics. The minimum requ
S
Contributor-Level 10
Answered a month ago
Economics is one of the most sought-after courses. There are several reasons why candidates should choose to pursue a PhD Economics course. Some of these reasons have been listed below:
A PhD degree in economics opens up many job opportunities in the business, corporate, and government sectors.
The s
A
Contributor-Level 10
Answered a month ago
If your score in CUET PG economics is 47 marks, there may be still some universities you can apply, especially universities of central government. Some central universities like Tripura University, Ambedkar University Sikkim, Mahatma Gandhi Central University Bihar might have cut off less than your
A
Contributor-Level 10
Answered 2 months ago
Admission to Hyderabad Central University for BA Economics
Hyderabad Central University offers a 5-Year Integrated MA in Economics. This means you can do your BA and MA together in one course.
Important
- You need at least 60% marks in 12th class.
- Students from any stream (Science, Commerce, or Arts)
R
Beginner-Level 1
Answered 2 months ago
The study of economic systems, organisations, and policies and how they have changed over time to shape societies and impact global development is a fascinating topic covered in economic history classes. Economic Historians use both quantitative data and qualitative sources to understand the histori
S
Contributor-Level 10
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Do Economics courses include a lot of Mathematics?