8 tips to do B.A in Economics after 12th
Bachelor of Arts in Economics 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 Economics 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. Economics 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. Economics 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
BA graduates have access to diverse job opportunities. They have access to both Government and Private sector jobs. Some of the job profiles which are in high demand in this era are:
- 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.
