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.
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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.
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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, 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 |
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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. |
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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 |
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.
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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
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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
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Banaras Hindu University
University of Delhi
Savitribai Phule Pune University (Pune)Aligarh Muslim University (Aligarh)
University of Hyderabad (Hyderabad)
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The 5 year integrated BS-MS in Economics at IIT Roorkee is a highly analytical programme. It uniquely blends traditional economic theory with heavy quantitative, statistical & programming skills like Python, R & STATA making graduates highly competitive in the finance, banking & data sectors.
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Answered 2 weeks ago
Shri Chinai College of Commerce and Economics BMS cutoff was released for various categories. Check out the table below to view the Round 1 cutoff details across different categories.
| Category | First Merit List Cutoff 2026 |
|---|---|
| General | 45.33 |
| OBC | 55 |
| SC | 47.67 |
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According to official institute website, admission in BSc Economics at UPES Knowledge Acres is given through valid score in entrance exam such as SAT/ IB/ CIE/ CUET or Personal Interview.
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Answered 2 weeks ago
Documents required for BSc (Hons) Economics admission in UPES Knowledge Acres are Class 10 Marksheet, Class 12 Marksheet, National Level Exam Score (If any), Migration / Transfer Certificate, Student Aadhar Card, PAN Card of Student and Parents.
Uttarakhand domicile students have to submit Domicile C
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Answered 2 weeks ago
UPES Knowledge Acres provides scholarships for BSc (Hons) Economics based on merit in Class 12 and CUET score. Other scholarships such as Domicile Scholarship, Sports Scholarship, Need cum Merit based scholarship, Employee spouse scholarship, Employee ward scholarship, Scholarships for wards of teac
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Answered 2 weeks ago
Application fee to apply for BSc (Hons) Economics in UPES at its Knowledge Acres campus is INR 1,750. Students can pay this fee online while submitting the application form for the course.
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Answered 2 weeks ago
Candidates need to get minimum 50% in Class 10 and Class 12 to be eligible for BSc (Hons) Economics at UPES Knowledge Acres. Eligible candidates can admission through valid score in CUET/SAT/ IB/ CIE and performance in Personal Interview.
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Answered 2 weeks ago
UPES offers BSc (Hons) Economics & Finance and BSc (Hons) Economics with Data Science through School of Liberal Studies & Humanities at its Knowledge Acres (Kondali) campus. The course duration is 3+1 years.
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Answered 2 weeks ago
Hostel facility is provided by UPES for BSc (Hons) Economics students of School of Law, UPES Knowledge Acres campus. Accommodation is provided on-campus on first come, first serve basis. There are separate rooms for boys and girls on triple sharing basis.
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Answered 2 weeks ago
Merit scholarships for BSc (Hons) Economics in UPES Knowledge Acres campus are applicable for tuition fee of the first year only. If a student meets eligibility for more than one scholarship at UPES, he/she will get the highest of the scholarship/concession offered but not both.
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Answered 2 weeks ago
There are many components of BSc (Hons) Economics fee in UPES Knowledge Acres Campus but the major are tuition fee and academic fee. Total tuition fee for all 8 semesters is INR 9,73,200 and total academic service fee is INR 3,22,000.
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Answered 2 weeks ago
There are total 53 seats. There is a 3 year course with a total tuition fee of INR 5400. The economics department in the university prepares students for roles in research, finance & public policy.
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Answered 3 weeks ago
Yes, MS in Applied Economics & Finance course of UC Santa Cruz is a STEM OPT course. This course is of 1-year duration. It is one of the top picked course among Indian students. The graduates of this course have gone into Tech giants like Apple, Google, Amazon, Twitter, Bloomberg, etc. For admission
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Answered 3 weeks ago
The best universities in Europe for bachelor's in economics are
- University of Cambridge, UK
- University of Oxford, UK
- LSE, UK
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- University of Amsterdam, Netherlands
- Bocconi University, Italy
R
Contributor-Level 8
Answered a month ago
Candidates must pass bachelor's degree with a minimum of 55% aggregate to apply for MS in Economics programme at Ahmedabad University. Aspirants must also have a score in CAT/ GATE/ JAM/ CUET-PG/ AMSOM Postgraduate Aptitude Test for admission. Selected candidates also have to pass PI round for final
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Yes, you can get admission in MSc Economics at ICFAI School of Social Sciences without entrance exam as admission is based on merit in academics. But you have to attend the personal interview conducted by the institute as part of admission process.
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Eligible applicants are invited for a personal interview as part of the admission process for MSc Economics in ICFAI School of Social Sciences. Selected students have to pay admission fee of INR 20,000 on the day of the interview to confirm seat.
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To be eligible for MSc Economics in ICFAI School of Social Sciences, candidates must get minimum 50% marks in Graduation with Economics / Statistics / Mathematics / Commerce / Business / Accounts as a discipline or subject.
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Answered 2 months ago
The Uni of Naples Masters in Economics and Finance course duration is 2 years. The course is completely taught in English. The classes of this course are taught by academics from this university as well as other universities in Europe and the U.S. Students who want to take admission to this course a
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Contributor-Level 10
Answered 2 months ago
The chapters that are included in Maharashtra HSC Economics are given below.
Introduction to Microeconomics
Consumers behavior
Analysis of Supply
Types of Market & Price Determination
Factors of Production
Introduction to Macroeconomics
National Income
Determinants of Aggregates
Money
Commercial Bank
Central B
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Contributor-Level 8
Answered 2 months ago
The University of London International Programmes programs features more than 100-degree programs at UG and PG level. University of London International Programmes offers BSc in Economics for the duration of 3 years. The University of London International Programmes BSc in Economics first year tuiti
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Answered 2 months ago
BA is a popular course of Siddharth College. It is offered for three-years. Total 366 seats are offered in the course. Admissions are merit based. However, there are no placement statistics available as per official website. The college is 'NAAC B' accredited. Students from any recognised board and
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It is considered a decent college. The college was established by People's Education Society. Total fee is generally affordable. Cutoff for admissions are also low as compared to other colleges. It's a is 'NAAC B' accredited college. However, there is no official data for placements. Students can ex
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You can apply online for admissions. The form is released on official college website. First register yourself and create a unique username and password. Login using the same. Fill all the necessary details. Upload documents in correct size and format. Then submit your application. The university re
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After completing BAMMC, students generally have two choices. They can either pursue higher studies or seek employment in related field. Students with Mass media background can work as many roles. Some of them are Copywriter, Journalist, News Anchor, and many more. The related fields include Print an
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No, the course cannot be completed in two-years. It is offered for the duration of three years only. The course is further divided in six semesters. Application forms are released online on website. Moreover, it is compulsory for all to complete all semesters to get the degree. The curriculum consis
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The course is offered for three-years in full-time mode. Admissions are based on merit score. Students from all streams (Science/Commerce/Arts) can apply. Admission forms are available on college website. Selection process include filling of application form, merit list and fee payment. Students fro
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University of Gottingen or Berlin School of Economics and Law, which is better for Economics in Germany?