Bachelor of Arts Honours (BA Hons.) Economics - Mahindra University, (MU), Hyderabad

  • Years 3 Years
  • Type Course Under Graduate
  • stream Arts
  • Delivery Mode
Written By universitykart team | Last updated date May, 13, 2024

About B.A. Hons in Economics: Admission Process, Eligibility Criteria, Fee, Scope, Benefits, Career, Scope, Job Opportunities, Top Colleges

The Bachelor of Arts (B.A) Honours in Economics is a full-time, three-year graduation program. The requirements for admission are the higher Secondary Certificate qualification from a recognized institution with a minimum aggregate mark of 45%. The entire program is divided into three years and is split into 6 semesters that last six months each. Certain universities also adhere to the annual exam schedule. The minimum cut-off mark for applying for this program varies between institutions. At various universities that are recognized admission tests are that are which are followed by an interview that assesses the qualifications of the person who is applying for admission.

This course is ideal for students looking to pursue a career in the field of economics. This can be beneficial in pursuing career-related programs like an MBA or similar programs to become an entrepreneur with a thorough understanding of the economic system and the ways it functions. It is a social science that analyzes the entire economy and the production, consumption and distribution of various items and services. A BA honours degree in Economics examines the in-depth study of both micro and macro aspects of economics.

The course covers the meaning and scope, the limitations and concepts, as well as the utility of market, production as well as other important and minor aspects of the economy. The course teaches students not just to learn in depth, but also to examine and analyze the various aspects that determine how an economy functions. The program isn't limited just to the Indian economy, but also covers international economies, giving the students with global perspective on job opportunities.

B.A. in Economics Course highlights

Course Level

Graduation

Duration

3 years

Examination Type

Semester System

Eligibility

The higher Secondary Certificate qualification from a recognized school with a minimum aggregate mark of 45%.

Admission Process

In many reputable institutions, there are entrance tests, which are followed by an interview to determine the eligibility of the person who is applying for admission.

Course Fee

INR 25,000-3 Lakhs

Average Starting Salary

INR 2lakhs - 18 lakhs

Top Recruiting Areas

Analysis/Forecasting Firms, Stock Exchanges, Manufacturing Firms, Agricultural Companies, Financial Information Firms, Banks/Credit Unions, International Trade Companies etc.

Job Positions

Sales Analyst, Economics Researcher, Economist, Customer Profit Analyst, Investment Analyst, Investment Administrator, etc

 

BA Hons Economics Eligibility Criteria

It is important to note that the BA Hons Economics eligibility criteria are very similar for each institution. BA Honours Economics admissions requirements can be described as the specific requirements that must be met by the students to be considered for admission to the Bachelor of Arts Hons Economics admissions process. A few aspects of the BA Honours Economics eligibility criteria for admission to the BA Hons Economics degree programme are as follows:

The applicants must have completed their 10+2 in any of the streams including Sciences, Humanities and Commerce.

Mathematics students can enjoy the advantage of studying their BA Hons Economics course.

Candidates should be able to score a minimum of 50% marks in their 10+2 class examination.

They must have passed their 12th grade from a recognized board in India.

BA (Hons) Economics Admission Process

Schools across India offer admission up to BA (Hons) Economics by utilizing various admission procedures, namely. Merit-based or Entrance-based admissions. These are the usual admissions procedures where a student's merits are calculated with precise steps before being granted admission. Below are some of the BA (Hons) Admissions to Economics procedures that colleges have chosen by India.

Entrance-Based Admissions

Once they have submitted their application applicants will be required to download their respective Admission cards as well as Hall Tickets and then appear for the entrance exam on the date and time specified.

Most of the universities/colleges will conduct the entrance test at the university level, therefore, candidates must go through the admission policy of their choice of college before applying for admission.

After taking the entrance exam The college or university will announce merit lists that contain the names scores and rank of the candidates.

Based on the order in which they rank Candidates will be invited for further selection processes that may consist of Personal Interviews or Group discussions.

Candidates are selected to take the courses by their overall performance on the entrance exam and in a personal interview and/or group discussion.

Merit-Based Admission

Following the submission of application forms to the appropriate colleges, candidates will be invited to participate in the appropriate BA (Hons) Selection process.

The process of selection could include individual interviews and/or group discussions.

Based on academic records and the results during the personal interview or discussions in groups, the college/university will provide admission to hopeful students.

Counselling-Based Admissions

The third type of admissions process but this type of admission is available in both merit-based and counseling-based admission. This kind of admission is most common in universities that have many colleges that are affiliated or constituent colleges that provide the same type of admission.

That is according to the results of applicants in their entrance exam or qualifying test, they will be considered for admission in counselling sessions.

In the case of admission based on counselling the university will issue merit lists that list the names of every candidate according to their merit. Based on their scores and rank within the merit list, students are invited to attend counselling sessions at the designated counselling centres.

Here, students can choose the college and course that they would like to attend.

Based on the selection of college and course, the rank of students, and the availability of the chosen course interested Students will be considered for acceptance to BA (Hons) Economics.

Notice: Each institution and college will have its admissions guidelines and admissions policies. Thus, prospective BA (Hons) Economics undergraduates should read the guidelines for admissions to specific institutions.

BA Hons Economics Top Entrance Exams

BA Hons Economics is a degree programme that is determined based on the student's performance in their 10+2 scores and profiles. Some schools are offering BA Hons Economics admission based on the CUET entrance test.

CUET: It is the CUET also known as the Common University Entrance Test is an entrance test on a national scale conducted through the National Testing Agency (NTA) for applicants who want to be admitted to undergraduate degree programmes across a variety of programs.

Top Institutes Offering B.A in Economics

Name of Institute

City

Average Fees in INR

Lady Shri Ram College for Women

New Delhi

16,390

Loyola College

Chennai

4,614

Quantum University

Roorkee

53,000

Christ University

Bangalore

56,667

Miranda House College

Chennai

12,160

Presidency College

Chennai

4,617

Madras Christian College

Chennai

18,179

Hindu College

New Delhi

14,333

Hansraj College

New Delhi

14,333

Fergusson College

Pune

3,037

K J Somaiya College of Arts and Science

Mumbai

8,345

Ramjas College

New Delhi

10,573

Jesus and Mary College

New Delhi

12,997

Presidency University

Kolkata

3,700

Jai Hind College

Mumbai

4,262

Sri Venkateswara College

New Delhi

9,590

Delhi College of Arts and Commerce

New Delhi

9,120

St. Xavier's College

Ahmedabad

4,740

Shri Ram College of Commerce

New Delhi

29,273

St Andrew's College of Arts and Commerce

Mumbai

5,263

St. Mira's College for Girls

Pune

1,400

BA Hons Economics Skills Required

BA Hons Economics is a degree program that requires lots of information and requires students to be proficient in math and numerical accuracy. Additionally, students are required to have a lot of observational ability. BA Hons Economics is a degree program that studies different aspects of economics, and students enrolled in this program are expected to excel in all aspects. The top competencies required by BA Hons Economics students are listed in the table below:

Numerical Accuracy

Observation Skills

Predictive Nature

Active Listening

Patience

Leadership

Decision-Making Skills

Critical Thinking Skills

After BA Hons Economics Salary

The salary that one can earn after having completed BA Hons Economics in their first job is entirely subjective and is based on many factors, such as the level of expertise acquired by the candidate and the level of knowledge of the student and, of course, the type of job one is going to be working for. For the beginning BA Hons Economics graduate, the median salary is 5 lakh. 5 lakh annually. For an entry-level BA Hons Economics candidate with not more than three years of work experience, The average salary is about 10 lakh. 10 lakhs per annum. The maximum pay for someone who has at least five years of work experience is 15 lakh. 15 lakh per year.

Job Profiles

Average Salary

Economist

Rs. 13.1 LPA

Credit Manager

Rs. 6.0 LPA

Financial Planner

Rs. 3.5 LPA

Investment Banker

Rs. 4.5 LPA

Equity Research Analyst

Rs. 5.0 LPA

Top BA Hons Economics Colleges in India

The top colleges that offer BA Hons Economics courses are listed below. These schools offer BA Hons Economics degrees with the lowest academic cost. In the table below, we have provided some of the BA Hons Economics colleges in India as well as BA Hons Economics fees:

Colleges

Fees

Ahmedabad University, Ahmedabad

Rs. 12.60 Lakhs

Amity University, Gurugram

Rs. 4.08 Lakhs

Christ University, Bangalore

Rs. 1.55 Lakhs

Chaudhary Devi Lal University, Sirsa

Rs. 10,760

Delhi Technological University, Delhi

Rs. 2.97 Lakhs

Ashoka University, Sonepat

Rs. 27.81 Lakhs

Assam Don Bosco University, Guwahati

Rs. 2.19 Lakhs

Dr BR Ambedkar University, Delhi

Rs. 1.29 Lakhs

Banaras Hindu University, Varanasi

Rs. 26,600

Barkatullah University, Bhopal

Rs. 1.23 Lakhs

Top Private BA Hons Economics Colleges in India

Private colleges in India that offer BA Hons Economics courses are excelling in academic performance. The tuition cost for these institutes is different. Below, we have included some of the Tuition fees for private BA Hons Economics colleges and BA Hons Economics fees:

Colleges

Fees

Ahmedabad University, Ahmedabad

Rs. 12.60 Lakhs

Amity University, Gurugram

Rs. 4.08 Lakhs

Christ University, Bangalore

Rs. 1.55 Lakhs

ICFAI University, Dehradun

Rs. 1.21 Lakhs

Kalinga Institute of Industrial Technology, Bhubaneswar

Rs. 4.35 Lakhs

NorthCap University, Gurgaon

Rs. 8.28 Lakhs

Sharda University, Greater Noida

Rs. 2.87 Lakhs

Akal University, Bathinda

Rs. 1.20 Lakhs

Ashoka University, Sonepat

Rs. 27.81 Lakhs

Assam Don Bosco University, Guwahati

Rs. 2.19 Lakhs

Top Government BA Hons Economics Colleges in India

In India, several government institutions offer BA Hons Economics degree courses. Government-run colleges cost lower fees than private schools. Below, in the table, we have included the state-run BA Hons Economics colleges and BA Hons Economics fees:

Colleges

Fees

Dr BR Ambedkar University, Delhi

Rs. 1.29 Lakhs

Banaras Hindu University, Varanasi

Rs. 26,600

Barkatullah University, Bhopal

Rs. 1.23 Lakhs

Chaudhary Devi Lal University, Sirsa

Rs. 10,760

Delhi Technological University, Delhi

Rs. 2.97 Lakhs

University of Delhi, Delhi

Rs. 59,250

Guru Gobind Singh Indraprastha University, Delhi

Rs. 3.07 Lakhs

Guru Ghasidas Vishwavidyalaya, Bilaspur

Rs. 16,150

Guru Nanak Dev University, Amritsar

Rs. 93,000

Himachal Pradesh University, Shimla

Rs. 8,000

Top BA Hons Economics Colleges in the Top States

Each state in India has the top BA Hons Economics degree colleges in India. Certain states have more advantages than others when it comes to educational quality, industrial exposure and admissions. The Top list of BA Hons Economics in top states is provided in the following table:

BA Hons Economics Colleges in Delhi

BA Hons Economics Colleges in Haryana

BA Hons Economics Colleges in Punjab

BA Hons Economics Colleges in Bihar

BA Hons Economics Colleges in Odisha

BA Hons Economics Colleges in West Bengal

BA Hons Economics Colleges in Assam

BA Hons Economics Colleges in Jharkhand

BA Economics Honours Scope

It is important to note that the Bachelor of Arts Economics Honours scope is vast and there are a lot of options available after the conclusion of this BA Hons Economics degree programme. If you are looking for higher education, specifically the master's degree there are a lot of options available. Students can pursue a master's program like a Master of Arts (MA) in Economics or an MBA, a Master of Science, or an MBA. There are more opportunities for employment than ever after completion of the postgraduate degree program. If students decide to pursue an economics research field and finance, they may take on the PhD program following having completed their master's degrees.

Career Options After Completing BA Hons Economics 

There are a variety of career paths following the completion of this BA Hons Economics degree programme. Employment opportunities are plentiful in the fields of finance and economics. There are many multinational corporations employing students who have completed a BA in economics to become entry-level professionals. The government sector also offers numerous job openings available to BA Hons Economics graduates in banks and departments. Some of the most sought-after jobs include economics, investor banker financial analyst as well as credit management.

• Economist: An economist is a specialist who is accountable for studying and analyzing the transfer, production and use of money as well as capital resources to devise new strategies to create better and more efficient methods to maintain the economy. The job of an economist is to make improvements to the physical growth of a nation or organization.

• Credit Manager: A Credit Manager is a professional accountable for supervising and managing credit management and making decisions about credit limits. Credit managers approve credit to customers and oversee the application of credit policy.

• Financial planner: The Financial Planner A Financial planner is an expert who is charged with looking over and analyzing a business's financial assets and liabilities as well as investments and portfolios to develop a better strategy for finances in the coming year's financial year, and to ensure that the outcomes are in line with the goals.

• Investor Banker: A person who is an investment banker is a professional accountable for analyzing different businesses and recommending to directors to make investments in a specific group of assets to boost the capitalization of the business. A banker who is an investment analyst is accountable for determining the risk involved when investing and deciding if it is appropriate to invest in a company or not.

Equity Research Analyst: An Equity Research Analyst is a professional accountable for being both a buy-side and sell-side analyst within the security sector. An equity researcher is accountable for the production of research reports, suggestions, and projections regarding the company and its shares.

Jobs After BA Economics (Hons. ): Private Jobs

There are numerous opportunities to work after you have completed the BA in Economics (Hons) for employment in the private industry. There are a variety of job descriptions in which a candidate could be hired, including Market analyst, business analyst, bank clerk and many more. According to Glassdoor the median pay for a BA in Economics (Hons) can range from INR 3.60 L- 6 LPA. The following are the most popular jobs within the private sector with their salary structure.

Job Profile

Description

Average Annual Salary

Operations Manager

Operation Managers manage the business of the business. They oversee processes, purchasing, accounts inventory, as well as IT. They are typically responsible for supervising the production of products as well as services.

7.67 L

Investment Administrator

Investment Administrators are experts who provide advice and assistance to investors. They manage customer accounts and records, as well as prepare reports on portfolios and invest information.

8.60 L

Human resources

Managers of human resources are accountable for hiring people, educating them, compensating them and establishing strategies for the efficient functioning of the workforce.

6.93 L

Credit Analyst

An analyst in credit is a skilled professional who studies the creditworthiness of customers and firms and helps in the management of the company.

5.30 L

Jobs After BA Economics (Hons.): Government Jobs

BA Economics (Hons) gives you numerous opportunities in the government sector. Some of the most prestigious government agencies in India are the Central Board of Direct Taxes, Reserve Bank of India, Civil Services, Indian Economic Services and many more. According to Glassdoor the pay for a bachelor's degree in Economics (Hons) can range from INR 3.15 L- 7 LPA. Below are some of the most popular job profiles within the government sector.

Job Profile

Description

Average Annual Salary

Accountant

A professional accountant assists companies in making business decisions regarding finances by analyzing, collecting and monitoring company financials.

3.17 L

Banker

A banker is someone who works in banks, financial institutions insurance companies, etc. who assists with commercial as well as private customers. They establish budgets, and accounts and offer suggestions to clients regarding their investments.

4.12 L

Auditor

An auditor studies and evaluates the information of financial transactions within the business makes sure that all tax laws are in compliance and also confirms the accuracy of the data.

5.86 L

IAS officer

An IAS Officer is an executive officer who oversees the jurisdiction assigned to them. They are believed to be the head of the city.

6.72 L

 

BA Economics Top Recruiters:

American Express

Arista

Deutsche Bank

Goldman Sachs

Britannia

Bajaj Finance Limited

Directi

IDFC

PayPal

HDFC

FAQS- Related to Ba Economics Hons

Ques. What is BA Economics (Hons. )?

Ans. A BA Economics (Hons.) graduate may choose to pursue one of the following:

They evaluate how the finances of a company or the organization.

Utilize data analysis to predict current or future patterns.

It is the study of various areas such as banking, economics market, economics, etc.

Supports the development of competencies

The course covers Macro and microeconomics and financial economics, as well as Economic statistics, etc.

Ques. What are the prospects for a career in a BA in Economics (Hons.)?

Ans. There are many career possibilities following a BA in Economics (Hons. ):

Associate Professor

Credit Analyst

Financial Analyst

Market Research Analyst

Investment banker

Ques. What are the necessary skills to be an investment banker?

Ans. The necessary skills to be a Forensic Examiner include:

Attention to detail

Critical and analytical thinking

Teamwork

The ability to understand statistics and economics

Ques. Who are the best employers in the field of BA Economics (Hons.) graduates?

Ans. Some of the most sought-after employers to recruit BA Economics (Hons.) graduates include:

Quality Control Bureau

Infosys

KPMG

Indian Statistical Survey

Market for trade

Ques. Are there any required internships for becoming a chartered Accountant?

Ans. Yes, to obtain an accounting degree from a chartered accountant the candidates must apply for a three-year articleship. It is mandatory and has to be completed.

Ques. What is the procedure for admission in the case of BA Hons Economics?

Ans. The BA Hons Economics admission process is based on merit.

Ques. What are the aims of the scope of BA Hons Economics?

Ans. The range scope of BA Hons Economics is quite large and offers a wide range of possibilities after the conclusion of the BA Hons Economics degree programme.

Ques. What are the most sought-after job descriptions after graduation of a BA in Hons Economics?

Ans. Some of the most well-known work profiles include the economist, banker for investment finance analyst, credit manager and many more.

Ques. Which companies employ BA Hons Economics students?

Ans. Bajaj Finance Limited GIC Housing Finance Limited IDFC Finance Limited, and HDFC Indiabulls Housing Finance Limited are among the most sought-after recruiters for BA Hons Economics students.

Ques. What is the cost structure for BA Hons Economics?

Ans. The cost amount to pay for a BA Hons Economics is somewhere about Rs. 1.4 lakh to 4 lakh. 4 lakh over the whole duration of the course.

Ques. What is the salary average for candidates after they have completed their BA Hons in Economics?

Ans. For a BA Hons Economics graduates The initial pay is about 5 lakh rupees. 5 lakh annually.

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