Economics Career Guide: Roles, Salary & Future Scope
Akansha BishtSenior Executive
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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Student Forum
Anything you would want to ask experts?Answered Yesterday
Yes, students can join Siddharth College of Commerce & Economics without entrance exams. The college accepts admisison based on merit. Students must have to qualify Class 10+2 from the recognised board.
A
Contributor-Level 9
Answered Yesterday
The total tuition fee of MA History and Economics at Laxman Devram Sonawane College is INR 6000. This number is taken from the website of college. It can chnage.
R
Contributor-Level 10
Answered 2 days ago
For taking admission in MA Economics programme at Laxman Devram Sonawane College, candidates have to fill an application form. Students have to appear in an entrance test conducted by the college. They have to write an essay paper in the subject and a general test.
R
Contributor-Level 10
Answered a week ago
Yes, GIBS Business School provides opportunities for international placements and internships that are limited and based on a few partnerships and programs instead of being available to every GIBS student. The school partners with international universities and organizations to host students in coun
M
Contributor-Level 9
Answered 3 weeks ago
There are many food places that offer quality Indian food to students near the HWR Berlin Campus. Some popular ones are mentioned below.
| Restaurant | Known For | Address |
|---|---|---|
| Haveli | Daal Makhani, Shahi Paneer, and Garlic Naan | Regensburger Strade 7, 10777, Berlin, Germany |
| Amrit - Schoneberg | Chaat, Pakode, Biryani, Tandoori Chicken | Winterfesdstr. 40 Schoneberg, Berlin, Germany |
| Mela | Coffee, Mango Lassi, Paneer Tadka, Naan | Crellestr. 46, 10827 Berlin, Germany |
Source: Trip Advisor
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Contributor-Level 10
Answered 3 weeks ago
HWR Berlin Germany can be a good choice for Indian students to consider, for the reasons mentioned below.
- It ranks among the top 20 MBA schools in Germany
- Courses like the Full-time MBA, Global Supply Chain and Operations Management, and International Business management can be pursued in English
- Stude
A
Contributor-Level 10
Answered 4 weeks ago
No, a valid CUET score is accepted for admissions to both BA (Hons) in Liberal Arts & Humanities and the BA (Hons) in Philosophy, Politics & Economics at JSLAH.
In the previous year admissions, CUET was only listed as an accepted exam for the BA (Hons) in Liberal Arts & Humanities admission.
S
Contributor-Level 10
Answered a month ago
The tuition fees is INR 5.92 Lacs per year at Ashoka University for MA Economics. The residence off-campus cost for double occupancy is INR 95,000. Aspirants also have to pay INR 5,400 for essential services (medical insurance and laundary service).
N
Guide-Level 15
Answered a month ago
Of course not. You can pursue an MSc or even an MCom in Economics. But for that, you need to be from a Science or Commerce background. For an MA in Economics, you can be from any stream with the Economics subject.
G
Contributor-Level 9
Answered a month ago
The CUET-PG exam pattern for every course is the same. If you're preparing for the MA Economics course admission -
- It'll be an MCQ-based paper
- Time will be 90 minutes
- The exam will be held in the CBT mode
- Total marks will be 300
- +4 for each correct answer, -1 for each incorrect answer
- Total 75 questions
L
Contributor-Level 9
Answered a month ago
The UGC NET Paper 2 subject specific i.e, Economics, consists of 100 questions worth 2 marks each. The exam will be of 3-hour duration, so there will be no breaks between paper 1 and paper 2. Candidates should cover all significant units of the of the Economics syllabus as mentioned below:
- Micro Econ
S
Contributor-Level 10
Answered a month ago
Both provide good career options. Careers in corporate finance, banking, accounting, and business management can be got with an MCom, which normally focuses on subjects like accounting, finance, marketing, and management.
Graduates with an MA in Economics are frequently prepared for positions in acad
P
Contributor-Level 7
Answered 2 months ago
There are mainly two streams where you can opt for an Economics subject in Classes 11 and 12, i.e., Humanities and Commerce. If you're a Commerce student (with maths), you can pursue your career in Finance, accounting, business, etc. Being an Arts student, you can study policy, international relatio
A
Contributor-Level 10
Answered 2 months ago
The highest salary of an Economist may differ on the basis of the company. However, the senior level Economists are known to get high salaries based on their experience.
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 |
A
Contributor-Level 9
Answered 2 months ago
As a student familiar with campus life at *Quantum University*, I can say that the placement scenario for BA Economics students is promising. At Quantum, the Economics programme emphasizes not just theory but real‑world application through *data analysis, economic modeling, research projects, and in
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Beginner-Level 2
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Can I get into Siddharth College of Commerce & Economics without entrance exams?