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Explore the World of BA Hons Economics: Opportunities Beyond the Dismal Science!
Be it the microcosm of individual decision-making or the macroscopic view of the global markets; economics offers deep insights into the mechanism driving human behaviour and shaping the world where we humans live.
Often dubbed as the "dismal science" by its critics, Economics is anything but dreary in its real-world application. It studies how humans, businesses, and governments make choices in a world of scarce resources.
At the core of economics lie the principles of scarcity: the notion that resources are confined, but our needs and desires are boundless. This paramount concept underpins every economic decision, ranging from the allocation of personal finances to national policy formulations.
Weren't you intrigued with concepts such as price fluctuations of goods and services, inflation, and GDP captivating during your intermediate? If yes, then why not consider making a career in economics after 12th grade with a BA Hons Economics?
The Market Size
The global financial analytics market size reached US$ 11.5 Billion in 2023. Moving ahead, IMARC Group anticipates the market to reach US$ 26.4 Billion by 2032, exhibiting a growth rate (CAGR) of 9.4% between the years 2024 and 2032. Rapid digitalization in public and private organisations, integration of artificial intelligence (AI), machine learning (ML), and cloud computing, as well as the development of advanced financial analytics solutions, are some of the major factors propelling the market.
Report Attribute | Key Statistics |
---|---|
Base Year | 2023 |
Forecast Years | 2024-2032 |
Historical Years | 2018-2023 |
Market Size in 2023 | US$ 11.5 Billion |
Market Forecast in 2032 | US$ 26.4 Billion |
Market Growth Rate 2024-2032 | 9.4% |
What Can I Do after BA Hons Economics?
Once you complete a BA Hons Economics degree, you will have ample options available to you. Below are some of the potential pathways you could consider:
- Further Education
Pursue a PG course such as M.A., M.Sc., or M.Phil. in Economics to deepen your understanding of economic theory, policy analysis, or specific areas of interest within the field.
Also, you can consider opting for a PhD in Economics if you have a great interest in research and academia.
- Careers in Finance and Banking
Propel roles in investment banking, commercial banking, or financial analysis, flexing your analytical skills and developing a deep understanding of economic principles.
Not only this, but you can also consider opportunities in multiple areas like financial consulting, risk management, or asset management firms.
- Government and Public Policy
Golden opportunity to work for government agencies or international organisations in roles related to economic policy analysis, public finance, or economic development.
Additionally, you can explore massive opportunities in public sector consulting, where you can help with economic analysis and advice.
- Nonprofit and International Organizations
You can associate yourself with nonprofit organisations, think tanks or research institutes focused on economic development, poverty alleviation, or social policy.
Also, you can explore opportunities with the World Bank, International Monetary Fund (IMF), or United Nations (UN) in areas like economic research, policy analysis, or project management.
- Private Sector
Jobs after BA Hons Economics are vast and varied. You can try your hands in the field of data analysis, business intelligence, or market forecasting, specifically in industries such as technology, healthcare, or energy.
Regardless of whether you aspire to pursue higher education, or kick-start a career in finance, government, or entrepreneurship, a degree in economics offers a solid foundation for a wide spectrum of opportunities.
Jobs After B.A. (Hons) Economics
A degree in B.A. (Hons) Economics offers a broader range of job opportunities across various domains. Graduates can emerge as:
- Economist
- Data analyst
- Financial planner
- Accountant
- Financial risk analyst
And more!
Elevate Your Understanding of the Global Economy with B.A. (Hons) Economics at M. S. Ramaiah University of Applied Sciences
- S. Ramaiah University of Applied Sciences, one of the trailblazers in the heart of Silicon Valley, offers a dynamic and holistic Bachelor of Arts in Economics (B.A. (Hons) in Economics), which is typically crafted to equip students with a strong background in economic theory and its real-world applications.
The B.A. (Hons) in Economics course at the University focuses on a multidisciplinary approach, integrating economics with data science, providing brilliant minds with an all-inclusive understanding of the global economic landscape.
At the University, students engaged in a vigorous curriculum that wraps micro as well as macroeconomics, econometrics, international economics, development economics, and relevant data science programmes.
The course also encourages research skills, critical thinking and analytical reasoning, preparing students for dynamic career paths in various fields such as finance, policy analysis, research, and more.
Moreover, M. S. Ramaiah University of Applied Sciences fosters an interactive learning environment that motivates students to participate in workshops, internships, and research projects, improving their practical skills. With a focus on ameliorating the development of highly skilled professionals, the B.A. (Hons) in Economics course at M. S. Ramaiah University of Applied Sciences empowers students to contribute meaningfully to the rapidly evolving field of Economics.
B.A. (Hons) Economics Eligibility Criteria
- Candidates must have cleared their 12th in any stream from a recognized board like CBSE, ICSE, or State Boards.
- A minimum aggregate of 50% marks in the qualifying examination is a must. Chances are, some universities/institutions may offer preference to candidates who have flourished in their qualifying exam with Economics as their major subject.
- Admission to the course is highly dependent on entrance test scores. Hence, aspirants are required to sit in the relevant entrance test for consideration.
To Put It All Together
With remunerating opportunities spanning finance, government, business, and beyond, BA Hons Economics acts as a launching pad for dynamic and rewarding career paths in today's dynamic global economy.
This undergraduate degree equips graduates with a versatile skill set that incorporates critical thinking, data analysis, and problem-solving abilities. If you are all set to make a difference with your impeccable skill sets and knowledge, join MSRUAS's BA (Hons) in Economics programme now.