Economics

Hi Zubair.
B.Com (H) is an undergraduate degree designed to inculcate business acumen in students. The course curriculum includes subjects like cost accounting, organizational behaviour and then one can specialize in fields like accounts and economics. You can also pursue courses like Chartered Accountancy along with your B.Com. You can better your skills by pursuing post graduation courses like MBA or M.Com.
Eligibility Criteria: HSC or equivalent, with Maths and English as compulsory subjects.
Scope: You can join a KPO (Knowledge Process Outsourcing) that deals with processing of payrolls, administration of accounts or insurance at entry level positions. If you're interested in figures, and balancing ledgers, cost accounts, then you can join as an account assistant or in the auditing department of various firms. Apart from this, you can go for higher education, by pursuing courses like an MBA or an M.Com.
B.Com (P)
The course is similar to B.Com (H). The difference lies in the fact that you can specialize in a certain subject in B.Com (H), but the B.Com (P) course gives you an overview of all those subjects taught in the honours course.
Eligibility Criteria: HSC or equivalent, with Maths and English as compulsory subjects.
Scope: You can pursue higher education after your graduation. You can pursue courses like MBA or M.Com. Compared to the honours course, the job opportunities are a little less, after pursuing this course.
B.Com vs. B.Com Honours (Hons)B.Com (H)B.Com (P)You are taught in depth, about the subjects You are given an overview of the subjects.You can specialize in subjects like Accounting or Economics You can not specialize in these subjects. The cut-off for various universities is relatively higher.The cut-off for various universities is relatively lower. The industry demand for this course is relatively more.The industry demand for this course is relatively less.
All the best.
Regards.
Gijoo

Hi Akshata,
Students with a BA in Economics can enter into different sectors like:
Banking and finance
Teaching
Retail
Stock and Share brokering
FMCG
PR etc
Higher studies after B.A in Economics:
M.A. in Economics
M.A. in Mass Communication (MMC)
M.Sc. in Advertisement & Journalism
Master of Business Administration (MBA)
Masters in Applied Economics
MBA in Economics
The major employment areas for these professionals are:
-Agricultural Institutions
-Economic Research Institutes
-Analysis/Forecasting firms
-Stock Exchanges
-Financial Information Firms
-Banks/ Credit Unions
-International Trade Companies
-Manufacturing Firms
-Computer/ Telecommunication Companies
-Environmental Protection Agencies
-Government Departments
-Statistical Research Firms
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Hi Akshata,
The career that you wish to look forward depends entirely upon your area of interest and your skills.
Your passion in a particular subject and your caliber for attaining the highest level of specialization, will eventually lead to a phenomenal career path.
Both LLB and Economics offer promising career opportunities.
Diploma course will not fetch much of a purpose, in case you are looking for good career path.
Since you have already completed your graduation you can opt for LLB program by appearing for CLAT exam.
Law is a career which requires loads of patience and logical skills. First generation lawyers particularly face numerous problems in their profession as is true of every other profession. It becomes easier if one trains under a Senior Counsel in the beginning of their career.
Law Specializations:
Criminal Law
Corporation Law
Civil Law
Tax Law
Labour Law
Real Estate Law
Lawyers are also required in corporate companies as well as government set ups. You can work with a senior lawyer to gain hands-on experience in different specializations such as corporate, labour, consumer, fundamental rights and telecom law.
On the other hand, career opportunities in Economics:
Nowadays, the scope of job opportunities for economists has expanded in different sectors like:
-Education
-Business
-NGOs
-Government organizations like:
• The Indian Economics Services
• Reserve Bank of India
• National Sample Survey
• Ministry of Economic Affairs
• Planning Board
• Planning Commission
Job Opportunities:
• Government departments - Indian Economics Service (IES) through UPSC.
• Corporate - Job titles such as Data Analyst, Financial Analyst, Research Analyst, Business Analyst, Economic Research Analyst, Stock Market Analyst, etc.
• Banks/ Financial Institutions - A graduate in economics can join at an entry-level position in banks, MNCs and research firms and can expect pay packages up to Rs 12,000 per month.
• Teaching - One can appear for NET/ SET exams to qualify for working as assistant professors/ professors in colleges.
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