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BA economics job opportunities

2 months ago

The BA economics job opportunities available to an economics graduate are:

Financial Risk analyst

Agricultural economist

Financial Controller

Economist

Investment Administrator & analyst.

Market Analyst

Finance and Budget Analyst.

Banker

Economics Writer/Journalist

Sales executive or analyst.

Financial Planner.

The economist is the chief scientist of a nation’s economy because he makes the economic policies that foster growth.

The world is reeling under economic depression owing to the aftereffects of Corona, which have rendered many economies vulnerable to fluctuations.

It’s the economist who revitalizes the economy because they know the intricacies of finance & economics.

Nations cannot bolster their economy without the help of economists because they devise macro & micro economic strategies crucial for fostering growth.

Post pandemic countries are restructuring their economy as the pandemic induced lockdown has stalled their growth.

BA economics job opportunities in the Government sector

The government is the primary recruiter for economists because it devises macroeconomic policies crucial for fostering growth & development.

The Government relies on the expertise of economists because they usher growth by devising financial strategies.

For a nation like India where hordes compete for meagre jobs, a sound economic policy is crucial for generating employment because we are the 2nd most populated nation in the world.

The government’s economic policies play a crucial role in spearheading growth because it devises them for raising the standard of living of its citizens.

The various job opportunities for BA economics in the Government sector include:

Civil Service

Indian Statistical Services

Public Sector Banks

Indian Economic Service

Public Sector Undertakings

Indian Railways

SSC CGL

Income tax Inspector

Chief Economic adviser

Apart from the mentioned above, a BA economics graduate is eligible for all posts that require a graduate degree because it’s the basic qualification for most government jobs.

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BA economics job opportunities & salary in India

BA economics job’s salary in India

Most companies offer decent salaries to a BA economics graduate because they are good at problem solving, have analytical skills and are quick decision takers.

Most banks and financial institutions hire them because they forecast future challenges & recommend corrective actions.

Career Profile Average annual Salary

Operations Manager 400000-800000

Sales Executive or Analyst 250000-450000

Investment Administrator and Analyst 450000-600000

Economic Writer/Journalist 300000 – 600000

Economist 300000-700000

Market Analyst 400000-650000

Banker 375000- 750000

Finance and Budget Analyst 350500-500000

The salaries stated above are just a miniscule to the plethora of opportunities available to BA economics graduates because financial institutions, banks hire them in large numbers.

After BA economics, what can I do?

There is no dearth of options available for BA economics graduate. We have already mentioned some of them earlier. Financial institutions & credit assessment companies hire them because of their solid grasp on econometrics.

Higher Studies

After a BA in economics, candidates can pursue MBA, MA economics, B.Ed. or other courses as per their interest because a higher qualification opens the door for dream careers.

Banks & financial institutions prefer an MBA with an economic background because they are adept at macro & microeconomics market challenges.

They are part of the strategic management team as they devise plan for revamping growth. A higher degree like PhD can fetch you jobs of Lecturer or a Professor in a college.

Professional Economist

They advise their organization on various macro & microeconomic parameters that affect the financial wellbeing of the firm. Professional economists can work with consultancies or provide their service for a hefty fee.

The GOI appoints the Chief Economic Advisor (CAE) who advises the Government on implementing financial strategies that foster growth.

After BA economics, what can I do?

Many firms, like the Centre for Monitoring Indian Economy (CMIE) hires professional economists because it provides customized financial reports on different sectors of the economy.

Banking Careers

Firms value graduates with a background in economics for roles in risk analysis, financial control, financial planning, data analysis and consultancy.

Accounting Careers

An economics graduate has a sound understanding of the financial condition of an organization because they study complex data and provide the root cause of the problem.

Many accounting firms hire BA economics graduates because they manage the portfolio of these clients and require people with good financial market knowledge.

Careers in Business and Financial Consultancy

With sound economic knowledge, a BA economics graduate is indispensable for financial consultancies because they advise their clients about the market fluctuations and suggest corrective measures.

Some firms where a BA economics graduate finds job opportunities are:

Deloitte

PWC

BCG

Bain and Company

McKinsey & Company

KPMG

EY-Parthenon

IBM Global Services

Finally Accenture

Economics Career in the Public Sector

Government economic policies are based on the growth projection given by the economists because they study macro & microeconomic parameters of growth.

Public spending, taxation, PDS, transport and other Government spending that will usher growth are based on the advice of the Chief Economic advisor.

Actuarial and data Analysis careers in economics

An actuary forecasts the market risks and provides solutions to minimize it because they study economic data and presents it in layman terms.

Risk analysis companies who advice investors when to invest & exit the market for maximum returns hire them.

With the amount of BA economics job opportunities available, I am pretty sure a degree in economics is worth pursuing, given the volatile market situation in the world.