Economics Courses: Admission 2024, Fees, Syllabus, Entrance Exams, Top Colleges, Career Scope

Economics Courses is the study that teaches candidates about the various factors working around the financial institutions in India and all over the world. Economics is the study of how people interact with each other and the environment they make, produce and distribute goods and services. It offers candidates a comprehensive understanding of economic theories, policies, and practices, preparing students for a wide array of career opportunities. Economics is one of the most popular streams candidates select throughout and after their 10+2. Candidates may choose to take Economics courses at the undergraduate, graduate, and doctorate levels. 

Depending on the level, economics courses typically last 2 to 5 years. The average fees to study economics in India's leading colleges range from INR 25,000 to INR 1 lakh. The candidate's preferred institute will determine the cost of the economics course. Following high school, the most sought-after Economics courses include the Bachelor of Arts (BA) and Bachelor of Science (BSc) degrees.

 The eligibility criteria for the Economics course can vary by the level of the course and the university: UG Level, PG Level, PhD Courses for which you need a 50-60% from a recognized institution. Some institutions may have their own rules and examinations for admission. 

Some of the common entrance exams that allow admission to students in Economics courses are  IPU CET, CUET, UGC NET, and CUET PG etc. etc. A degree in economics gives an insight into the financial conditions of the country and its institutions to the students, which is helpful in real functioning in the industry. The students also have the option to pursue a Master of Business Administration (MBA) and Post Graduate Diploma in Management (PGDM) after graduation in Economics.

The career opportunities for Economics students in India are, Analyst, Research Assistant, Assistant Professor, Post Graduate Teacher, Economist and some top recruiters are KPMG, The Economist, World Bank, IMF, CRISIL, NITI AYOG, Alice Blue, Paytm Money, Axis Bank, Deloitte Consulting Services, Amazon etc. 

Several colleges offer Bachelor's and Master's degrees in Economics such as Hansraj College, University of Delhi, St Xavier’s College, Mumbai, Miranda House, University of Delhi, Education Lanes, Mahindra Group Initiatives, and Christ University. Candidates can get a deep insight into the Career after Economics in this article.

LATEST UPDATES:

• CUET PG registration process 2025 is open for admission to PG courses, and the last date to register is Feb 1, 2025. 
• The CUET PG 2025 exam will be scheduled between March 13, 2025, and March 31, 2025.
• Read the complete details of CUET PG.

Economics Course Highlights

The field of Economics has a broad application. Because of its global relevance, there are more prospects for employment in Economics. This article will examine the application of Economics and possible career paths.

Interested students can have a quick look at the table below for more details related to courses available in Economics, job positions, fees, colleges, and recruiters.

Quick Links Related to Economics Course:

Top Colleges to Pursue Economics

Top 14 Guesstimate Questions And Answers For Interview

Why Study Economics Courses?

• After pursuing Economics, one can pursue either a postgraduation or a doctorate in Economics and establish a career in academics. One can also pursue a Bachelor of Education (B.Ed) and work as a TGT or PGT in popular schools.
• You gain an insight into how economics works globally.
• Different economics-related careers are well-paid.
• Economics skills apply across industries and roles.
• Economics graduates are also hired by public and private banks and other commercial companies.
• Graduates can also pursue professional courses such as Chartered Accountancy, Company Secretary, Cost and Management Accounting (CMA), Chartered Financial Analyst (CFA), Bachelor of Laws (LLB), etc after studying Economics.
• Learn about international trade and global markets.
• Professionals are hired by top multi-national companies for various job profiles such as Analyst, Administrator, Economist, Banker etc.

The prerequisites for enrolling in an Economics course at the undergraduate or graduate level can differ depending on the university,  The eligibility criteria for the Economics course can vary by the level of the course and the university.

UG Level, PG Level, PhD Courses for which you need 50-60% from a recognized institution. Some institutions may have their own rules and examinations for admission. 

Candidates are advised to check the eligibility criteria of the colleges before applying for admission.

• Candidates, who have completed their 10+2 with a minimum of 50 % in any stream from a recognised board can enrol themselves in a Bachelor course. (BA)
• To pursue a Master's course in Economics,(MA) one should have a bachelor's degree in Economics with a minimum of 50 per cent marks from a recognised university.
• To pursue a Doctoral degree in Economics, (PhD) the candidate should hold a master’s degree from a recognised university and should clear UGC-NET.

The admission process for economics courses varies by university, but here are some general steps to follow:

• Eligibility: Check the eligibility criteria for the college/ institution and the program that you're interested in, and you need a 10+2 with a minimum of 50% marks in any stream from a recognized board. To pursue a master's degree, you'll usually need a bachelor's degree in economics with a minimum of 50% marks.
  
• Entrance exam: Many programs require an entrance exam to be admitted, such as the CUET PG, PUCET PG, URATPG, IPU CET, or Jamia Milia Islamia (JMI) Entrance Exam. and then wait for the results
• Counselling: Some programs may include a counselling process after the entrance exam and some may not, depending on the institution.
• Seat confirmation: After the counselling process, students will need to confirm their seats. 
• Submit documents:
• You may need to submit documents after applying for admission.
• Pay fees:
• You may need to pay an application fee and other fees to secure your admission.

Top Entrance Exams for Economics Courses 2024

Most renowned colleges shortlist aspirants for admission to Economics courses offered by them based on their performance in an entrance exam. Candidates qualifying for the written exam have to then appear for counselling.

Some popular entrance exams for Economics courses conducted in India are listed below:

Note: This information is sourced from the official website of the institute/exam.

Through the study of Economics, one gets an opportunity to learn about the Indian economy and its financial institutions. This topic helps to understand the mechanism behind the financial institution. Courses related to this subject introduce an understanding of macroeconomics and microeconomics and development in various fields etc.

Some of the courses offered in Economics are given below:

Since economics is a subject that deals more with the economics of the state and the world, students who choose humanities or commerce as their major in classes 11 and 12 typically choose economics as their major in college. The curriculum of economics courses varies from college to college.

Here is the common syllabus and Subjects in Economics.

Specialisations in Economics

To be more effective and competitive, students need to opt for a specialisation in economics. An organisation or person can emphasise their skills and training by specialising in one area of economics. This may result in a higher reputation in the field or at work by establishing credibility and authority concerning a certain topic or procedure.

Candidates pursuing higher studies in the field of economics can undertake courses based on various specialisations such as:

Top Colleges for Economics Courses

Economics is a very popular and sought-after course by students.Our society is quickly becoming more competitive and international, which has led to an increase in complexity. Career prospects for experts like economic analysts, researchers, and consultants have increased significantly in recent years.

Every year, students compete for seats in the top institutions offering various courses in Economics. Some of these top colleges include government and private institutions. The colleges mentioned in the table are listed alphabetically and not in any order of ranking hierarchy.

Top Government Colleges for BA Economics

Some of the popular government colleges for Economics are as follows:

Top Private Colleges for BA Economics

Some of the popular private colleges for pursuing Economics are as follows:

Economics Career Scope:Job Profiles, Salary and Top Recruiters

After studying Economics, students get a good knowledge of the Indian economy, agricultural economy, and industrial economy. Students who want to make their career in the business and commerce and banking sectors can do wonders with the help of the courses available in Economics. The average salary of a graduate from Economics background in India is INR 4-5 LPA. The pay scale, however, rises with experience and performace.

Economics Job Profiles

One should also possess the analytical ability, problem-solving and logical reasoning ability to advance in this field. After completing a bachelor's or a master-level course candidates can try their luck in several profiles. Since it is one of the pillars of the Indian economic system, the field of economics is always demanding. Many chances are available for students in the banking, insurance, investment, etc.

A list of  Economics employment prospects in India is provided below:

Top Recruiters for Economics

After completing the course students can become valuable assets for the companies and institutions such as the Ministry of Economic Affairs, the Reserve Bank of India and the Indian Economic Services. Well-trained economists are being sought after by numerous domestic and foreign companies. Regarding work opportunities for economists, the banking and insurance sectors are extremely important. Click to learn Top Economic Courses in India.

Jobs opportunities have multiplied since liberalisation, privatisation, and globalisation. The course in Economics really offers some great career scope with good perks and salaries. The top recruiters for Economics graduates are: 

Economics Courses FAQs 2024