MA Economics Jobs, Scope, Salary in India 2024

Updated on - Jan 12, 2024

MA Economics Course helps to provide a comprehensive and in-depth study of advanced economics theory to the students. There are various jobs available to candidates in a variety of fields and organizations. Almost every sector in the world requires a candidate with an economics background to handle various financial and monetary issues as Stock Broker, Trade Analyst, Financial Analyst, Marketing Manager, Branch Retail Manager, Teacher, Associate Researcher, etc. MA Economics syllabus and subject is diversified in a well-structured manner to help students by providing them with extensive knowledge and insight about the field which helps them to grow in their career.

Career Prospects And Job Scope For MA Economics

Prospects for a career after MA in Economics are available to graduates in the sectors of baking, finance, stock market, and related management organizations. Both private and government jobs after MA Economics are available in abundance for candidates possessing the required knowledge and skills.

A student of the course might ponder, ‘After MA Economics, what can I do?’ Graduates of the MA Economics course can apply to a diverse range of avenues depending upon their area of specialization. The students are trained as professionals to meet the industrial demands of the MA Economics related jobs.

Listed below are some of the job roles available to students after graduation in MA Economics:

Associate Researcher
Trade Analyst
Stock Broker
Marketing Manager
Branch Retail Manager
Bank Manager
Teacher
Data Analyst
Director of Operations
Financial Analyst
Digital Marketer
Project Manager

Areas Of Recruitment For MA Economics Graduates

Areas of recruitment for MA in Economics scope are available in a diverse range of areas concerning economics and finance.

With increased importance given to economic growth among nations, there is a rising demand for career options after MA in Economics. Job opportunities for MA Economics are available to candidates in both the public and private sectors.

Listed below are some of the areas of recruitment for jobs after MA in Economics:

Research Centers
Academic Institutes
Stock Market
Trading Companies
Central Banks
Department of Economic Affairs
Actuaries
Project Management
IT Firms

Salary Packages For MA Economics

The MA Economics salary in India on average is INR 6 LPA (Source: Payscale). MA Economics scope and salary are available in a variety of sectors depending upon the candidate’s skills and the area of interest.

The table below shows the salary breakdown of MA Economics postgraduates in India:

MA Economics Salary	Amount
Highest Salary	INR 9.6 LPA
Lowest Salary	INR 1.4 LPA
Average Salary	INR 5.5 - 6 LPA

Source: Glassdoor

The scope of MA Economics for a higher salary increases over time as the candidate gains greater experience and skill set. Listed below are some of the job opportunities after MA Economics and their designated salary:

Job Role	Average Annual Salary
HR Manager	INR 8 LPA
Business Analyst	INR 5.8 LPA
Content Writer	INR 2.9 LPA
Research Analyst	INR 5.4 LPA
Financial Advisor	INR 4.3 LPA

Source: PayScale

MA Economics Salary Abroad

MA Economics is one of the most popular courses in the world, making it an attractive prospect for Indian students to pursue abroad. Students will have access to the best academic curriculums, amenities, infrastructure and faculties while pursuing a MA in Economics abroad.

Furthermore, they will have the opportunity to work and earn attractive salaries upon completing the course. The average salary of a MA Economics postgraduate abroad is USD 66,000 per annum (Source: PayScale). The table below contains the list of job profiles abroad and the appropriate per annum salaries:

Job Profile	Salary PA
Business Analyst	USD 59,771
Credit Analyst	USD 94,662
Federal Reserve Historian	USD 75,435
Economist	USD 75,957
Financial Analyst	USD 64,136

Source: Payscale

Government Jobs For MA Economics Graduates

The 2-year postgraduate course brings in a pool of MA Economics job opportunities to choose from. The govt jobs for MA Economics are available in a diverse range of sectors for employment. In order to be eligible for MA Economics govt jobs, students must pass an entrance exam which is generally followed by a personal interview or a counselling session.

Some of the top governmental organizations that offer MA Economics scope for jobs are RBI, Indian Economic Services, BHEL, the Department of Economic Affairs, the railway ministry and the defence sector. The average salary after MA in Economics is INR 6 LPA (Source: Payscale). Listed below are some of the government job roles for MA Economics and their salaries offered:

Job Role	Average Annual Salary
Administrative Officer	INR 7.4 LPA
Economist	INR 8 LPA
RBI Grade B Officer	INR 5 LPA
High School Teacher	INR 3.6 LPA

Source: PayScale

Private Jobs For MA Economics Graduates

The private sector has an abundance of opportunities to offer for MA Economics graduates. With the corporate sector highly dependent on financial and economic management, the scope for MA Economics has only increased in recent years. Upon the completion of the course, students can opt for various MA in Economics jobs directly through the placement cell or by themselves. The average salary after MA Economics graduation is INR 6 LPA (Source: Payscale).

Listed below are some of the designations in the private sector that offer a handsome MA Economics job salary:

Job Role	Average Annual Salary
Project Manager	INR 20 LPA
Research Analyst	INR 5.4 LPA
Senior Business Analyst	INR 8 LPA
Financial Advisor	INR 4.24 LPA

Source: PayScale

Career Scope of MA Economics

MA Economics is one of the most diverse courses in terms of, not just employment opportunities across various domains, but also the scope of higher education for postgraduates.

Depending on the MA Economics specialization opted for by the student, they will be able to find relevant jobs in their domain. The scope of a MA in Economics is quite vast.

Courses after MA Economics

MA Economics postgraduates can opt for higher studies once they complete their postgraduate studies. There are plenty of options for MA Economics postgraduates to choose from depending on their MA Economics specialization. The list below contains the names of courses that MA Economics postgraduates can pursue after completing the course:

Career Options after MA Economics

There are a number of employment domains that MA Economics postgraduates can join immediately after post-graduation. MA Economics helps you learn how to interpret financial trends and analyze financial data at an advanced level. The list of career opportunities available to MA Economics postgraduates is as follows:

Market Research Analyst: Market Research Analysts review, analyze, and collect vast volumes of data. A Market Research Analyst aims to take a company's profits to heights by leveraging the data at hand.
Credit Analyst: Credit Analysts are experts in determining an individual’s or business’s creditworthiness. They conduct microeconomic analysis for prospective clients to identify and evaluate the risks involved with loan credit to them.
Statistician: Statisticians study hard numbers and facts to find the fittest solutions to business problems. They are concerned with analyzing, collecting, presenting, and interpreting quantitative data. Statisticians work in various industries, including finance, education, transportation, market research, sports, forensics, and healthcare.
Financial Analyst: Financial Analyst studies demographics, market trends and microeconomic factors for helping a company take smart investing decisions. They research industries, stocks, companies, bonds, and other investment factors to understand where and how a company has invested its resources and how such future financial decisions and investments will impact its long and short-term growth.
Entrepreneurship: As MA Economics postgraduates possess in-depth knowledge of various Economic matters, principles, and concepts and analyze market trends, they can quickly understand the market situation and identify the profitable areas.

Job Opportunities For MA Economics Graduates

Job opportunities for MA Economics are available in abundance in India. But that does not mean opportunities are not lucrative abroad. Many top MA Economics colleges send their best students for working opportunities in foreign nations.

Various top companies in India also send their best employees for better exposure and experience. The salary pay also increases with job opportunities abroad. Better infrastructure and working facilities in many American and European nations often attract loads of Indian candidates.

Top Companies For Graduates

Below is a list of top companies hiring for MA Economics graduates:

Infosys
HSBC
HDFC
Axis Bank
Accenture
Hewlett Packard
Whatfix
Dell
State Bank of India
Reserve Bank of India
Tata Consultancy Services

Best Countries For Graduates

Below is a list of top countries for graduates of MA Economics:

United States of America
France
Japan
Germany
United Kingdom
Canada
UAE
Qatar

Various Career Designations For MA Economics Graduates

MA Economics is one of the most lucrative career options for aspiring candidates in the field of finance, economic management, banking and trade. Graduates who do not want to take up MA Economics jobs immediately after the course completion can opt for higher studies in the form of an MBA, M.Phil or a PhD. Listed below are some of the career designations available to MA Economics graduates:

Risk Analyst
Trade Analyst
Stock Broker
Economist
Marketing Manager
Financial Analyst
Teacher
Associate Researcher
Statistical Investigator

Best Economists

With economics being one of the dominant areas of academia and research throughout the years, there have also been many greats of the field that have carved up names for themselves. Some of these individuals have not only excelled in their fields but have shaped countries and societies through their vision and expertise. Listed below are some of the most famous economists around the globe: