Top 6 Career Options after BA Economics - Eligibility, Salary
A BA in Economics is a popular course among commerce students, providing several job prospects and a good career path. The demand for experienced economics specialists is increasing with the nation's economy quickly expanding. Students pursuing a BA in Economics help the nation's growth and lay the path for prosperous jobs.
Career Options after BA Economics
A BA in Economics provides a wide range of career opportunities. Graduates may pursue careers in finance, banking, public policy, research or academics. They are ideal candidates for jobs such as economic analysts, financial consultants, policy advisers and market researchers.
1. Auditor
An auditor is an excellent professional path after earning a bachelor's degree in economics. It is not only a rewarding job with many unique challenges, but it is also in high demand. One must develop audit strategies, evaluate financial accounts, check all legal compliance, and provide an audited report to audit an organisation's financial statements.
One must have specific abilities to do an auditor’s duties efficiently. An auditor must be well-versed in all financial regulations, a problem solver, dependable, and have analytical and confidentiality abilities. The Average Salary of an Auditor is Rs 3-4 lakhs per annum.
2. Economist
Economist is one of the highest-paying jobs in the field of Economics, so one should consider it after earning a BA Economics. One can pursue a career as an economic consultant after graduation. He or she might work for financial institutions, corporate and public organisations, or research institutes.
An economist's role is to gather and assess data, trends, and patterns in the economy. An economic consultant should have strong economic, mathematical, and static knowledge, as well as communication and observation abilities. The average annual salary for an economist is Rs 8-10 lakhs per annum.
3. Actuarial Analyst
An actuarial analyst’s role is critical in the financial industry, and there is a significant need for actuarial analyst experts. One can pursue a profitable career in finance after completing a BA in Economics. An actuarial analyst analyses and manages a company's financial risks. Additionally, he or she assists qualified actuaries in making strategic decisions to solve difficult financial challenges.
An Actuarial analyst should have a strong background in mathematics, probability, and statistics. In addition, he or she must be skilled in analysis, decision-making, problem-solving, and project management. Computer skills such as coding and Excel are also added on. An Actuarial analyst in India earns an average annual income of Rs 6-7 lakhs.
4. Financial Advisor
A Financial Advisor is one of the excellent jobs available after completing a B.A. in Economics. His or her primary responsibility is to ensure the organisation's financial well-being. He or she advises supervisors on how and where to buy and allocate the company assets so that the highest ROI (return on investment) may be achieved.
A Financial Advisor must have an understanding of finance and financial documentation, analytical skills, attention to detail, communication, leadership, and interpersonal communication abilities. A Financial Advisor with a BA Economics degree may make an average annual income of Rs 13-15 lakhs in India.
5. Subject Matter Expert
A person having knowledge of economics and a strong understanding of a topic may work as a Subject Matter Expert for instructional websites. It is one of the top career alternatives after obtaining a B.A. in Economics. He or she is accountable for providing correct information and expertise to students.
A Subject Matter Expert is supposed to answer students’ questions about it. A Subject Matter Expert should have a good understanding of their field and specialisation. Aside from this, communication skills, time management, adaptability, a strong work ethic, and managerial abilities are required. A subject matter expert in India earns an average annual income of Rs 5-6 lakhs.
6. Operations Manager
Operations Manager is an individual with strong leadership and administrative abilities.He or she understands statistics and economics to pursue a career as an operations manager after completing a bachelor's degree in economics. He or she is responsible for leading business and financial experts involved in goods and services.
An Operations Manager reviews different assignments and projects. He or she also examines and assesses records, analytical data, and budgets, as well as controls production-related expenditures. Financial expertise, critical thinking, time management, leadership, and communication abilities are some of the skills needed to become an operations manager.
Salary Trends after BA LLB
The Salary is determined by several criteria including the candidate's experience and the job description selected by the candidate. As the candidate gains experience, his or her income will improve. In the table below, we have covered the most popular job roles as well as their average annual pay.
Job Profiles | Average Annual Salary |
Auditor | Rs. 3.5 Lakhs |
Economic Consultant | Rs. 9 Lakhs |
Actuarial Analyst | Rs. 6.5 Lakhs |
Financial Manager | Rs. 14 Lakhs |
Subject Matter Expert | Rs. 5.5 Lakhs |
Conclusion
A B.A. in Economics provides a wide range of career options. Graduates may pursue careers in Finance, banking, financial consultants, policy advisers and market researchers. Further education or professional training can improve chances, making economic graduates useful assets in a variety of industries.
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