Career in Economics
People who wish to make a future around business and management, this course is for you! But, of course, that’s not all that this subject is about. Economics teaches students the various factors that come into play around the financial institutions of India and the world. Keeping your main focus on money and finance, a degree in economics will also give you insights about the financial situations of the country and its institutions.
Career in economics is actually quite promising. There are multiple bachelor level courses within economics, such as – BA in Business Economics, B.Com in Applied Economics/Business Economics, Bachelor in Economics, B.Sc. in Economics, BA in Economics, et cetera. The crux of all these courses is similar. But let’s focus on two of the most popular courses.
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Career in Economics: Career Path
Bachelor of Science in Economics (B.Sc.)
B. Sc. in Economics is an undergraduate course that deals with practical knowledge in the field of economics. Students with good communication skills, good problem-solving and time management abilities, and analytical skills can enroll themselves in this course. While pursuing the Economics degree, candidates learn how economic development is important for us and the ways it should be practiced in different sectors such as the optimal use of natural resources, consumption of goods and services in their best way, the equilibrium of demand and supply in the market, etc.
The course is 3-years long, which makes it important that students develop an interest in current social and political affairs.
Eligibility
Students must have cleared their senior secondary education with 45% minimum aggregate, and it would, of course, be helpful to have actually studied Economics in school, although not absolutely necessary.
Admission will be done on the basis of a cut off merit list prepared by the colleges but in some colleges there can be entrance examination as well, depending upon the policies of the institution or college.
Curriculum
| Semester 1 | Microeconomics I |
| Macroeconomics I | |
| Semester 2 | Microeconomics II |
| Macroeconomics II | |
| Semester 3 | Elementary Mathematics for Economics |
| The Monetary System | |
| Semester 4 | Mathematical Applications in Economics |
| Introduction to Development Economics | |
| Semester 5 | Elements of Public Finance |
| Introduction to Econometrics | |
| Introduction to Environmental Economics | |
| International Trade and Policy | |
| History Economics Thought – I | |
| Policy and the Indian Economy | |
| Semester 6 | Public Economics |
| Econometric Methods | |
| Economics of Natural Resources and Sustainable Development | |
| International Economics | |
| History of Economic Thought II | |
| Planning for Development: India and the Northeast |
Career in Economics: Top Colleges
| St. Xavier’s, Kolkata |
| DAV College, Amritsar |
| Ananda Chandra College |
| Christ University, Bangalore |
| Presidency University, Kolkata |
| Symbiosis School of Economics, Pune |
| Punjab University |
| Hindu College |
Career in Economics: Job Profiles
- Bank Teller
- Budget Analyst
- Content Developer
- Data Entry Operator
- Economic Affairs specialist
- Investment Administrator
- Manager-Economics Modelling
- Research Analyst
- Sales Execute
- Subject Matter Expert
- Economics-Lecturer
Top Recruiters
Popular sectors where economic students find jobs are as follows :
- Banks
- Financial Sectors
- Education Institutes
- Stock Exchanges
- Transformation Centres
Popular recruiting agencies are as follows :
- IBM
- Cipla
- HDFC Bank
- Aditya Birla Group
- Britannia Industries
- India Tv
- Reliance
Bachelor of Arts in Economics (BA)
This undergraduate course is 3-years long and mainly deals with the theoretical aspects of economics. The course is designed to train students in analyzing concepts and processes of the economy by educating them in areas such as definition, nature, scope, concepts, utility, production, market, monopoly, et cetera.
Eligibility
Students need to have a minimum of 50% aggregate to seek admission in any reputed institution.
The general procedure for admission involves a merit-based entry. Few institutions conduct entrance exams, followed by personal interviews.
Curriculum
Following are the different topics you’ll be studying in the course of 3 years :
| Introductory Economics |
| Statistical Methods in Economy |
| Mathematical Methods in Economics |
| Introductory Macroeconomics |
| Statistical Methods in Economics-II |
| Mathematical Methods in Economics-II |
| Intermediate Economics |
| Intermediate Macroeconomics |
| Economic History of India: 1857-1947 |
| Introductory Econometrics |
| Intermediate Microeconomics-II |
| Intermediate Macroeconomics-II |
| Economy, State and Society |
| Indian Economic Development Since 1947-I |
| Indian Economic Development Since 1947-II |
| Development Theory and Experience-I |
| Public Economics |
Career in Economics: Top Colleges
Career in Economics: Job Profiles
- Bank Teller
- Budget Analyst
- Business Writer
- Cost Estimator
- Customer Profit Analyst
- Economist
- Economic Researcher
- Financial Service Manager
- Fixed Income Portfolio Manager
- Foreign Trade Analyst
- Investment Analyst
- Investment Administrator
- Market Research Analyst
- Research Assistant
- Sales Analyst
- Securities Analyst Trainee
Top Recruiters
- Accenture
- Capgemini
- Intelenet Global Services
- IBM Group
- Wipro Technologies
Relevant Future Path with Economics
It’s important to pursue degrees of higher education in this field if you wish to stick to economics. Following are the many options you can pick :
- M.Sc. in Economics
- M.Sc. in Financial Economics and Administration
- M.Com in Applied Economics
- Master of Arts in Economics
- Master of Arts in Econometrics
- Master of Arts in Business Economics
- Master of Philosophy (MPhil) in Economics
Having a degree in Economics opens a lot of doors in different fields. Following are courses that will be especially good for economics students to take up :
- MBA
- MBA in Finance
- MBA in Managerial Economics
- MBA in Macroeconomic Theory and Policy
- MBA in Economic Legislation
[For students seeking admissions in Indian universities, you’ll have to appear for certain entrance examinations like CAT and CMAT. For universities abroad, students only need to appear for GRE or GMAT.]
- Chartered Accountant (CA)
- Company Secretary (CS)
- Chartered Financial Analyst (CFA)
The Civil Services Examination is a nationwide competitive examination conducted by the Union Public Service Commission (UPSC) for recruitment to various civil services of the Government of India, including the Indian Administrative Service (IAS), Indian Forest Service (IFS), and Indian Police Service (IPS).
The State Civil Services examinations and recruitment are conducted by the individual states public service commissions in India. These services are feeders of All India Services.
We hope this is going to be helpful if you are planning to pursue a career in economics. For more guidance, feel free to connect with us and provide your feedback as well, so that we can also improve in the future.
