Bachelor of Arts in career in economics after 12ths is a program that focuses on the discipline of economics. It is an undergraduate level Bachelor’s Degree course. The academic program is 3 years long. Students who have passed 10+2 are eligible to pursue this course. An economic degree builds a good foundation of career related to finance. An economics graduate will have some unique and highly sought after skills and in most cases, employment prospects are good. From this article, you will find out how to make a career in B.A in Economics after 12th and give you a chance to make the best career in this widely opened field.
About course
The course essentially involves a study of the main aspects related to improving an organization’s overall profitability through different approaches and techniques.
The Bachelor of Economics or BA Economics degree is a three-year undergraduate degree with a focus on qualitative and quantitative aspects of economics. BA career in economics after 12th is an amalgamation of Macroeconomics, Microeconomics, and Statistics.
Macroeconomics is the study of the national and global economy as a whole and covers broad concepts of income and employment, government budget, and balance of payments.
Microeconomics studies economics concepts at the individual level, such as the study of price determination, types of markets, demand and supply, etc.
Statistics is an essential element to the study of Economics as it helps to interpret and make sense of economic data. The core-degree comprises microeconomics, macroeconomics, and econometrics; while mathematical economics is sometimes required
Here are the benefits of opting B.A in Economics:
Scope
The scope of the subject is getting high nowadays. Aspirants with economic degrees can even opt for Indian administrative service. An economist is always high on demand due to the analytical skills he/she has. Becoming an economist is a good career option as it helps in the multidimensional growth of a person. This career has started experiencing a boom due to the productive role a modern economist can play in drawing and implementing policies with a technology-driven approach.
A lot of professionals in banking and accountancy hold economics degrees. career in economics after 12th as a subject extends from rural studies, statistics, GDP to banking, finance, and development. The subject is rich in information, theories, and analytics. If these themes intrigue you then you may be a budding economist. This tip will help you to make a career in B.A in economics after the 12th class.
Promising career
BA in economics is a promising career as it has versatile career options. It opens the doors to a broad range of roles, and economists often have the opportunity of working in industries such as business, government sectors, and academics as well as in a private industrial setting. career in economics after 12th courses offer students the opportunities to do computer simulations, economic experiments, create economic web pages, and participate in fieldwork research projects.
Self development
The study of economics helps people understand the world around them. It enables people to understand people, businesses, markets, and governments, and therefore better respond to the threats and opportunities that emerge when things change. The course sows the seeds of ideation, curiosity, and interest in the young minds of students, further leading them to make successful careers in banking, finance, statistics, actuary, auditing, marketing.
The economic degree will equip you with many skills, like:
• Thinking logically and critically
• The ability to simplify complex issues and extract the relevant pieces of information
• Data analysis
• written and spoken communication
• Problem-solving using your initiative
• Time management
• Commercial and cultural awareness
• Teamwork and interpersonal skills
• Research skills
• Presentation skills.
Specialization courses
There are different specialization courses after you complete your B.A Economics.
1) Agricultural Economics
2) Financial Economics
3) Labor Economics
4) Industrial Economics
5) International Economics
6) Business Economics
7) Banking Economics
8) Environmental Economics
9) Developmental Economics
10) Econometrics
Job Profiles
- Investment Analyst
- Investment Administrator
- Economist
- Economic Researcher
- Sales Analyst
- Financial Service Manager
- Securities Analyst Trainee
- Cost Estimator
- Customer Profit Analyst
- Fixed Income Portfolio Manager
- Foreign Trade Analyst
- Market Research Analyst
- Financial risk analyst
- Data analyst
- Financial planner
- Accountant
- Financial consultant
Salary structure
The average salary ranges between INR 6,00,000-1,00,000. It also depends on the type of job you select & also whether it belongs to the private or government sector.
BA in economics is a diverse subject that provides knowledge about practical & technical concepts that run around the world. So if anything mentioned above sparks your mind, then you should think of taking this route.
Hope from this article, you find out how to make a career in B.A in Economics after 12th and give you a chance to make the best career in this widely opened field.
Frequently Asked Questions (FAQs)
Q:What is a B.A. in Economics?
A four-year undergraduate degree known as a Bachelor of Arts in Economics (BA in Economics) gives students a foundation in economic theory. Microeconomics, macroeconomics, statistics, and econometrics are frequently studied by students enrolled in BA in Economics programmes. They might also enrol in courses in public policy, finance, and business.
Q:What are the career prospects for a B.A. in Economics?
The career prospects for a BA in Economics are good. Economists are employed in a variety of industries, including finance, business, government, and academia. They can work as analysts, consultants, researchers, and teachers.
Q: What are the skills and knowledge required for a B.A. in Economics?
A BA in Economics requires the following knowledge and abilities:
powerful analytical and problem-solving abilities
excellent written and verbal communication abilities
An aptitude for both independent and teamwork An interest in current affairs and public politics
proficiency with statistical software
Q: What are the challenges of getting a B.A. in Economics?
Following are some difficulties in earning a BA in Economics:
The academic work might be difficult.
The course may be challenging.
It might be difficult to find employment as an economist.
Q: How much does a B.A. in Economics cost?
The cost of a BA in Economics can vary depending on the college or university. However, the average cost of tuition and fees for a private college is around $50,000 per year. The average cost of tuition and fees for a public college is around $10,000 per year.
