BA Economics is a subject that covers every facet of the financial and banking industries. A BA Economics graduate, whether foreign or local, will be able to analyze and provide professional opinions and ideas on many economic aspects of an industry.
As with many other courses, applicants study ideas of markets, principles of business and finance, micro and macroeconomics, demand and supply, inflation and deflation of an economy, GDP, capital influx and outflow, and other topics as part of BA Economics.
All aspirants should keep in mind that a BA in Economics may not be their best option. After completing their degree, students can always seek higher education while enrolling in MA courses, which will improve their long-term professional chances. Many graduates in India have recently been observed pursuing higher education in sectors such as management and law, among others.
So, are you ready to pursue courses after BA Economics for post-graduation? If yes, then head right down for the top 10 best courses after BA Economics in India and choose the course which suits you right….
List of Best Courses to pursue after BA Economics in India
1. Master of Arts in Economics
Economics at the advanced level entails a comprehensive and in-depth study of Economics as a discipline. This postgraduate degree programme generally includes the study of economic theory principles, micro-and macroeconomics, comparative economic systems, money and banking systems, international economics, quantitative analytical methods, applications to specific industries, and public policy issues, among other topics.
Eligibility:
- A bachelor’s degree in economics or a related branch of study is required.
- At the graduate level, a minimum percentage of 50% is necessary.
- Various entrance exams are also conducted by some universities regarding final selection.
Duration:
The duration of this MA programme is 2 years.
Job Profile:
- Professional Economist
- Data Analyst
- Equity Analyst
- Financial Planner
- Teacher
Average salary:
The average salary of a graduate in this MA programme is 5 lakh per annum to 8 lakh per annum and it depends on the specific field of expertise as well as demand.
2. Master of Arts in Applied Economics
The phrase “applied economics” refers to the use of economic theory and analysis in practice. While not strictly speaking an economics field, it is defined by the application of economic theory and econometrics to practical issues in a variety of fields, including labor economics, industrial organization, development economics, health economics, monetary economics, public economics, and economic history. The Master of Arts in Applied Economics programme lasts two years on average, however, this varies by location. In today’s worldwide world, an M.A. (Applied Economics) degree is quite valuable.
Eligibility:
- Interested students must have completed a B.A. in Economics as one of their subjects.
- They must have received a minimum of 50% in their graduation class.
- Various entrance exams are also conducted by some universities regarding final selection.
Duration:
The duration of this MA programme is 2 years.
Job Profile:
- Junior/Senior Demonstrator
- Business Consultants
- Content Developer
- Business Development Executive
- Thematic Researcher
- Macroeconomics Research Analyst
Average salary:
The average salary of a graduate in this programme is 4 lakh per annum to 7 lakh per annum and it depends on the specific field of expertise as well as demand.
3. Master of Business Economics
The Masters of Business Economics (MBE) programme is a postgraduate programme that teaches microeconomics, macroeconomics, quantitative methodologies, and applied environmental economic principles. It provides students with practical and theoretical economic knowledge, as well as management education, to assist them in making critical assessments of national and international policies, as well as changes in government structure and laws.
MBE equips students with the necessary abilities for analyzing financial markets, anticipating financial outcomes, and calculating risks. Aspirants should also have a good understanding of the global economy and financial markets.
Eligibility:
- A Bachelor’s degree or similar qualification from a recognized university/institution is required.
- Candidates must have a Bachelor’s Degree with a minimum of 45 percent or equivalent grade.
- Candidates with a background in Economics or Commerce are desired, however, the course is available to students from other disciplines.
- Selection based on scores in entrance exams such as CAT, CUCET.
Duration:
- The duration of this MA programme is 2 years.
Job Profile:
- Business Economist
- Asset Manager
- Operations Manager
- Financial Analyst
- Consultant
- Investment Banker
Average salary:
The average salary of a graduate in an MBE programme is 5 lakh per annum to 14 lakh per annum and it depends on the specific field of expertise as well as demand.
4. Master of Arts in Quantitative Economics
Quantitative Economics asserts that there are consistent relationships in the realm of human behaviors that can be quantified or measured, allowing statistics and mathematical theories to be applied to economics. Mathematics, optimization, statistics, algorithms, and complexity theory are all employed in quantitative economics to analyze and develop economic systems. Bidders’ payoffs are maximized using quantitative economics in auctions. Banking policies are founded on quantitative economics foundations and are covered in macroeconomics and finance in a methodical manner.
Eligibility:
- Graduation in Economics or a closely related discipline, with Economics as one of the major subjects of study.
- At the graduation level, a minimum aggregate score of 45 percent – 50 percent is required.
- A few institutes also have entrance exams in which students are evaluated based on their performance.
Duration:
The duration of this MA programme is 2 years.
Job Profile:
- Data Analyst
- Quantitative Developer
- Researcher
- Econometrician
- Quantitative Research Associate
- Economic Affairs Officer
Average salary:
The average salary of a graduate in this programme is 4 lakh per annum to 9 lakh per annum and it depends on the specific field of expertise as well as demand.
5. Master of Business Administration (MBA)
The majority of people assume that having a BA stops you from getting an MBA. MBA programmes are available after graduation in a variety of fields, including Arts, Commerce, and Science.
An MBA teaches students how to cope with challenging business situations and develops managerial skills, preparing them for jobs in the fast-paced corporate world. It also allows you to look for employment openings worldwide in both the public and private sectors. Furthermore, for students interested in becoming entrepreneurs, an MBA can provide them with the necessary skills and knowledge to start a business.
Eligibility:
- You must have earned a three-year diploma from a recognized institution.
- You must have graduated with a minimum CGPA of 50 percent or equivalent. There is a 5% relaxation for protected categories.
- A valid cut-off score of CAT/XAT/GMAT.
- Work experience will be preferred.
Duration:
2 years is the duration of this post-graduation programme.
Job Profile:
- HR Manager
- Marketing Manager
- Business Development Manager
- Operations Manager,
- Business Analyst (IT)
- Financial Analyst
Average Salary
The average salary of an MBA graduate is 6 lakh per annum and it depends on the specific field of expertise as well as demand.
6. Bachelor of Education (B.Ed)
Bachelor of Education [BEd] is a great option for people who wish to start a career as a teacher. It’s also one of the courses available following BA. ICT, Pedagogy of a School Subject, Different Learning Methods, and other topics will be covered over the course of 3-4 years.
After completing a BEd programme, you can take teaching aptitude tests like TET, CTET, and others, and if you pass, you can pursue teaching positions in primary and secondary schools.
Eligibility:
- Bachelor’s degree or other equivalent degrees, ideally from Delhi University or another equivalent university, with at least 50% marks in any two disciplines out of 200 during their graduating year.
- A master’s degree from a recognized university in any of the fields with a minimum of 50%. If the aspirant wants to teach a subject other than their master’s, he or she must have studied that topic at the graduate level with a grade of 200 and a passing grade of 50 percent.
- Candidates for the Bachelor of Education must be at least 21 years old and at least 28 years old, regardless of whether they have a Bachelor’s or Master’s degree.
Duration:
- 2 years is the duration of this post-graduation programme.
Job Profile:
- High School Teacher
- Head Teacher
- Mathematics Teacher
- Teacher Assistant
- Social Worker
Average Salary:
The average salary of a B.ED graduate is approximately 4 lakh per annum and it depends on the specific field of expertise as well as demand.
7. Bachelor of Law (LLB)
The Bachelor of Laws, or LLB, is a popular choice among people who desire to continue their education after completing their BA. The programme, which lasts three years, provides substantial information on issues like jurisprudence, environmental law, arbitration, insurance law, and the Consumer Protection Act, among others. After completing the course, you can pursue an LLM, begin practicing law after registering with the appropriate bodies, or work in the public or private sectors.
Eligibility:
- Aspirants to the LLB programme must have successfully finished their bachelor’s degree in an accredited institution with a minimum aggregate of 45 percent.
- Selection based on marks scored in entrance exams such as CLAT, SLAT, CUET, etc.
Duration:
3 years is the duration of this post-graduation programme.
Job Profile:
- Legal Manager
- Attorney
- Lawyer
- General Counsel
- Legal Advisor
- HR Manager
- Legal Affairs Manager
Average Salary:
The average salary of an LLB graduate is 2-7 lakhs per annum according to pay scale data.
8. Masters in Data Science
One of the most popular options after graduating is to get a master’s degree in data science. Data science has earned the moniker “the best job of the twenty-first century” because, in a world where 2.5 quintillion bytes of data is generated every day, a professional who can organize this data to create business solutions will be in great demand.
With the Big Data mania showing no signs of slowing down, companies all over the world are hurrying to hire Data Scientists to assist them in managing mission-critical data.
Eligibility:
- Because this is a Master’s programme, having a Bachelor’s degree is required.
- Various entrance exams for different institutes might be conducted for final selection.
Duration:
The duration of this course varies between 6 months to 2 years as it is present as a full-time as well as a part-time course.
Job Profile:
- Data Scientist
- Dat Architect
- Business Intelligence Manager.
Average Salary:
The average salary of a master’s graduate in Data Science is 6-7 lakh per annum according to Payscale.com.
9. Master of Arts in Mass Communication
The MA in Mass Communication is a postgraduate degree in mass communication that covers themes including communication research, development communication, media development, interactive communication skills, media law and ethics, and more.
Fashion photographers, film directors, producers, screenwriters, journalists, TV correspondents, and public relations officers are among the professions that an MA in mass communication prepares students for.
Eligibility:
- A bachelor’s degree in any field from a recognized university is the minimum requirement for entrance to the programme.
- At the undergraduate level, the candidate must have received a minimum of 50% in the aggregate.
- Candidates must pass the entrance examinations held by the respective institution and college.
- After passing the admission exam, candidates must pass the second phase, which is often focused on group discussion, and then the final personal interview.
Duration:
The duration of this MA programme is 2 years.
Job Profile:
- Client Servicing Manager
- Public Relations Officer
- Assistant Technical Officer
- Broadcast Assistant
- Deputy Manager
Average salary:
The average salary of a graduate in this MA programme is 5 lakh per annum to 7 lakh per annum depending on the specific field of expertise as well as demand.
10. Master of Arts in Human Resource Management
Human Resource Management is a topic that is covered in this course. It describes how an organization’s personnel are managed. While human resource management is commonly referred to as a “soft” management talent, it requires a strategic emphasis inside an organization to ensure that people resources can help the firm achieve its objectives. The M.A. in Human Resource Management usually lasts two academic years, though this can vary depending on the institute.
Eligibility:
- Completion of a recognized university’s graduate programme in any discipline.
- At the graduation level, a minimum aggregate score of 50% (45% for SC/ST/OBC students) is required.
- Various entrance exams are also conducted by some universities regarding final selection.
Duration:
The duration of this MA programme is 2 years.
Job Profile:
- Human Resource Manager
- Assistant Manager
- Executive Human Resource
- Sales and Business Development Manager
- Quality Control Manager
- Product Development Executive
Average salary:
The average salary of a graduate in this MA programme is 3 lakh per annum to 10 lakh per annum depending on the specific field of expertise as well as demand.
Conclusion:
The above is a list of some of the excellent to pursue after BA Economics in India. We hope that we provided the best information regarding your query and helped you to pursue your interest in a given programme.
