Bachelor of Arts Honours (BA Hons.) Economics - Ramakrishna Mission Residential College

What is Bachelor of Arts Honours (B.A. Hons.) in Economics?

It's focused on the fundamental principles, theories and applications of economics. The programme includes qualitative and quantitative courses in economics, such as Indian economics, economic history microeconomics, macroeconomics, economic statistics, etc.

It is a multidisciplinary trade-based field focusing on the application of business economics. Themes vary from financial management, corporate comportement, cost accounting to corporate communication, commercialization, and so forth. BA's Economics focuses mainly on demand and supply, Indian history, national incomes, inflation and deflation, production and supply, etc. Economics as a topic works primarily with extensive data. Therefore, statistics are vital in the curriculum.

The scope of the Economics course has seen the many options offered in the recent decade rise considerably. In economics, the minimum beginning packages offered to BA range from INR 4 to 7 LPA.

Eligibility Criteria for Bachelor of Arts Honours (B.A. Hons.) in Economics

To complete universities offering BA in economics, students who intend to complete BA in economics need to fulfil the following qualifying conditions,

• Students should have class 12 exams with a minimum aggregate mark of 50% or CGPA equivalent.
• They should remove from a reputable board their class 12 tests.
• Some colleges are admitted based on entry tests and an interview round following The list of numerous entry tests conducted by institutions for students to enroll for the BA course is excerpted such as JNUEE, DUET, Jadavpur University Entry Exams, JMI EEE, and others.

Benefits of Bachelor of Arts Honours (B.A. Hons.) in Economics

There are various factors why you should do BA in economics, and some of the essential points for your reference are listed below.

• Versatile career options: You can pursue employment in several areas and aspects using an economics degree. It opens a gateway for a wide variety of roles. An economist can work in fields such as business, government, academia and private industry.
• Strong fundamental knowledge: Due to the versatility and variety of fields covered by economics, it can be the basis on which many reputable jobs can be built. The business curriculum helps you to grasp finance, the markets and the management of resources in depth.
• Challenges: You will need to engage in thought-provoking activities in your training work and use critical thinking abilities. During the course, your awareness of the world economy and how many global business areas are influenced will strengthen your challenges.

Scopes after Bachelor of Arts Honours (B.A. Hons.) in Economics

Studies can be completed after graduation from the Bachelor of Economics, for example, MA in Economics or PhD in Economics. In terms of their level and course format, the eligibility criteria for both courses differ.

Career and Job Opportunities after Bachelor of Arts Honours (B.A. Hons.) in Economics

Students are given work in many financial industries such as banks, trading markets and other governmental and commercial sectors following their degree in economics. The average wage of a graduate BA in economics is between INR 3 and LPA 5.

Top Employers: BA is one of the most sought-after courses and promises profitable career opportunities from leading worldwide companies following completion. Some of BA's leading recruiters in economics are JP Morgan Chase, Allianz, Berkshire Hathaway, Bank of America, AXA, Wells Fargo, HSBC.

ICBC, and Citigroup.

• Investment Banker earns an annual salary of INR 6 - 8 Lacks.
• The annual remuneration of a Financial Analyst is INR 5.5 - 9 Lacks.
• Stock Broker is paid a salary of around INR 6 - 9 LPA.
• Auditor earns an annual salary of INR 4 - 8 Lacks.
• The annual remuneration of Systems Analyst is INR 4 - 6 Lacks. 

Fees Structure & Course Duration of Bachelor of Arts Honours (B.A. Hons.) in Economics

The average fees for studying a B. A (Hons) in Economics ranges from INR 15,000 - 65,000 depending on the institution.Bachelor of Arts in Economics is an undergraduate degree course of 3 years, especially for students who aim to make it large in the banking and finance industry and other important companies.