Top 15 Careers in Economics You Must Know in 2025

By Nitin Gurmukhani

Updated on Sep 11, 2025 | 9 min read | 35.12K+ views

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Did You Know? India is the 4th largest economy in the world and is the fastest growing economy in the world, with a GDP growth rate of 7.8%. 

Economics is an important component and subject of study in the development of any country. The growing demand of the market, the rise in new sectors, and emerging trends, all lead to the need for economics professionals in India who can offer their expertise and skills across various roles and industries. 

So, which are the top careers in economics? The top careers in economics include roles such as actuary, economist, personal financial advisor, economics teacher, data scientist, trader, actuary, quantitative analyst and more.  

In this blog, we will list 15 of the best careers in economics as well as top skills and future trends in the field. So, read along as we explore the vast range of career options in economics in India!

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Top Paying Careers in Economics in India   

With an economics degree, you can go for a wide range of career opportunities and in various sectors. You can find roles in the government sector, finance, analysis, consulting, market research as well as education. 
 
The following are the 15 highest-paying careers in economics in India: 

Job Profile 

Average Annual Salary (in INR) 

Economist 

16 Lakhs 

Actuary 

11.3 Lakhs 

Credit analyst 

4.9 lakhs 

Data analyst 

6.7 Lakhs 

Market Research Analyst 

4.4 Lakhs 

Financial Advisor 

3 Lakhs  

Financial Analyst 

6.3 Lakhs 

Economic Consultant 

11 Lakhs 

Accountant 

11 Lakhs 

Statistician 

6.1 Lakhs 

Economics Teacher 

5.4 Lakhs 

Economics Professor 

12 Lakhs 

Lawyer 

5 Lakhs 

Stockbroker 

3 Lakhs 

Risk Analyst 

8 Lakhs 

Business Analyst 

9.8 Lakhs 

Trader 

7.4 Lakhs 

Source:  Ambition Box 

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Top Government Jobs for Economics Graduates 

Economics graduates are eligible for a range of government and public sector jobs in India. 

Here are the most popular careers in economics in the government sector: 

Government Job Role  Average Annual Basic Pay (in INR) 
Indian Economic Officer (IES)  7.76 lakhs 
RBI Grade B Officer  6.62 lakhs 
Assistant Audit Officer (AAO)  5.71 lakhs 
Income Tax Inspector (via SSC CGL)  5.38 lakhs 
SEBI Grade A Assistant Manager  5.34 lakhs 

Note: These numbers are the basic pay and exclude other additional allowances like DA, TA, HRA 
Get to know the Scope of MA Economics and 20+ Job Opportunities in 2025

Future Trends in Economics in India  

India’s GDP is expected to grow at a rate of 7 percent for FY25, hence paving the way for a flourishing economic impact. In fact, India’s GDP has witnessed phenomenal growth in the past decade, landing India a place among the top GDP countries.  

India is set to become a major force in the world economy and shall face a growing need for economics experts to lead the way towards economic as well as socio-economic development. More and more countries are considering India as a potential future market and making calculative investments due to its proven track record in economic growth. 

Here are some predicted trends in Indian economics: 

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  • Integration of Data Science and Analytics in Economics: More and more industries are now prioritizing data for decision-making.  Herein, economists with expertise in statistical analysis and data science will be in demand, particularly in finance, tech, and government sectors for predictive modeling and data insights. 

 Enroll in our Data Science Courses from upGrad and start your journey to a lucrative career path 

  • Fintech and Digital Finance careers: The impact of digital finance has been revolutionizing in India, with its unique approach to accessibility and affordability. The growth of fintech and digital finance shall create opportunities for economists skilled in financial technologies, blockchain, and digital currencies to work on market regulation, economic forecasting, and financial innovations. 

     

  • Careers in behavioral economics: With the current market demand for an advanced understanding of consumer behavior, behavioral economics careers are projected to be in demand. There will focus on market research, consumer psychology, and decision-making techniques to improve marketing and business tactics. 

     

  • Rise of health economics: There will be a greater need for health economics specialists as India's healthcare industry grows. There will be a demand for economic professionals to assess policies, finance healthcare, and enhance access to medical services within public health programs.  

Wrap Up 

We explored how economics offers diverse and dynamic career opportunities in India, ranging from finance to policy-making. With the growing need for data-driven insights, professionals can thrive in sectors like banking, consulting, and government. 

The increasing importance of sustainability, digital finance, and health economics further broadens the scope of economics in India. There are now ample avenues for growth. By combining analytical skills with real-world applications, graduates explore a range of careers in economics. 

Looking for professional guidance about your career options? Book a free 1:1 counseling session with us to get personalized mentorship! 

Frequently Asked Questions (FAQs)

1. What Competitive Exams Can You Take After a BA in Economics?

After your BA in Economics, you can take UPSC for civil services, RBI Grade B, Indian Economic Service, SSC, or banking exams. If you’re thinking about higher studies, CAT, GMAT, or GRE are good options for MBA or global programs.

2. Is studying economics hard?

It really depends on your interest and mindset. Economics involves logic, real-world thinking, and data interpretation. It’s not heavy on complex math, but it does require focus and curiosity. If you enjoy understanding how things work, it becomes easier over time. 

3. What is BA economics salary?

Starting salaries for BA Economics graduates are usually ₹3 to ₹5 lakh per year. This depends on the role and sector you choose. Finance, research, and consulting often pay more, and you can earn more with experience or a master’s degree. 

4. What professional courses can you pursue after BA in Economics?

fter a BA in economics, you can pursue professional courses like CFA (Chartered Financial Analyst, CS (Company Secretary), Data Analytics, FRM (Financial Risk Management) and even Actuarial Science. With these courses, you can work across domains such as finance, business and policy.

5. What is the highest salary of an Economist?

Top economists working in central banks, global firms, or international organizations can earn ₹30 to ₹50 LPA in India. In international roles or senior policy positions, salaries can cross ₹1 crore depending on experience, education, and area of specialization. 

6. Does BA Economics require math in 12th?

No  doing a BA economics doesn't always require you to have math in 12th. Some colleges allow students from any stream, while others prefer students who had math in 12th. Having basic math skills helps, but the subject focuses more on concepts and analysis than complex calculations. 

7. Which job has no 1 salary in India?

CEO roles usually have the highest pay, especially in private companies. Other high-paying jobs include investment banking, management consulting, and top legal or medical positions. Salaries vary a lot based on your field, company, and years of experience. 

8. What are the jobs after BA Economics?

You can become a research analyst, policy advisor, financial analyst, or work in consulting. Many go into civil services or pursue an MBA. Economics gives you a flexible base to work in government, private companies, or even non-profits and think tanks. 

9. What are some careers in economics without math?

There are various careers in economics that do not need math. Your top choices are in policy research, economic journalism, development studies, or consulting. These jobs rely more on writing, research, and big-picture thinking than technical math or complex equations.

10. Is there any scope in economics?

Absolutely, there’s plenty of scope. Economics graduates work in finance, policy, consulting, research, data, and more. As the world becomes more data-driven and policy-focused, people who understand economic systems are needed in both public and private sectors. 

11. What are the top careers in Economics after 12th?

After 12th, you can go for a BA or BSc in Economics. These degrees lead to jobs in banking, analytics, public policy, and more. With the right skills and internships, you can get into finance, data science, research, or even civil services. 

12. How is BA Economics different from BSc Economics?

BA Economics is more theory-focused and often includes humanities subjects. BSc Economics is usually more technical and math heavy. If you're into policy, research, or social impact, BA might suit you more. For data or research, BSc is better.  

13. Can BA Economics do MBA?

Yes, you can do an MBA after BA Economics. You can choose any specialization to go in your desired space. With an economics undergraduate background, you bring in strong analytical and reasoning skills, which are useful in MBA entrance exams. 

14. What are the top fields for economics jobs in India?

The top fields for economics jobs in India are finance, banking, analytics, public policy, consulting, and government. There's growing demand in sustainability, tech, and international trade too. Economics fits many industries because it builds skills in decision-making, analysis, and understanding how markets and people behave. 

15. What is the difference between economist and financial analyst?

An economist studies economic systems, trends, and public policy, often in research or government roles. On the other hand, a financial analyst focuses on companies, markets, and investments. Both work with data, but economists look at big-picture trends, while analysts deal with business performance. 

16. Which is better, economics or commerce?

It really depends on your personal preferences when choosing between economics and commerce. Commerce is more concerned with business, accounting, and trade, while economics studies how economies and markets work. So based on what interests you more, you can have your pick.  

17. Can I work in banking after BA Economics?

Yes, you can work in banking jobs after your graduation in economics. You can get roles in both the public and private sectors. You can also prepare for banking exams like IBPS or SBI to enter public sector banks.

18. What is the role of an economic consultant?

Economic consultants provide businesses or governments with economic strategy advice, economic consultants examine data and trends. By applying economic theory and data analysis, they assist in resolving issues such as pricing, regulation, or market competition. 

19. Are internships important for economics students?

Yes, internships provide real-world experience and improve job prospects. They assist you in putting your education into practice, expand your professional network and grow your professional network, and improving your resume for post-graduation job applications.  

20. What are the best higher studies options after BA Economics?

You can go for programs in public policy, finance, data analytics, international relations, or an MA or MBA in economics. A lot of students get ready for the civil service or pursue master's degrees in development studies. 

References: 
https://www.pib.gov.in/PressNoteDetails.aspx?id=155121&NoteId=155121&ModuleId 
https://www.worldeconomics.com/Countries-With-Highest-Growth/India.aspx 
https://www.ambitionbox.com/profile/economist-salary  
https://www.ambitionbox.com/profile/financial-advisor-salary
https://www.ambitionbox.com/profile/economics-teacher-salary 
https://www.ambitionbox.com/profile/economics-professor-salary 
https://www.glassdoor.co.in/Salaries/economic-consultant-salary-SRCH_KO0,19.htm 
https://www.ambitionbox.com/profile/consultant-economist-salary  
https://www.glassdoor.co.in/Salaries/actuary-salary-SRCH_KO0,7.htm 
https://www.ambitionbox.com/profile/quantitative-analyst-salary 
https://www.ambitionbox.com/profile/data-analyst-salary 
https://www.ambitionbox.com/profile/market-research-analyst-salary 
https://www.ambitionbox.com/profile/financial-analyst-salary 
https://www.ambitionbox.com/profile/chartered-accountant-salary 
https://www.ambitionbox.com/profile/lawyer-salary 
https://www.ambitionbox.com/profile/business-analyst-salary 
https://www.ambitionbox.com/profile/risk-analyst-salary  
https://www.ambitionbox.com/profile/statistician-salary 
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https://ecoholics.in/indian-economic-service-syllabus-eligibility-and-exam-pattern/ 
https://www.adda247.com/engineering-jobs/upsc-ies-salary/ 
https://www.adda247.com/jobs/rbi-grade-b-salary/ 
https://www.sscadda.com/ssc-cgl-assistant-audit-officer-salary/ 
https://www.adda247.com/jobs/ssc-cgl-income-tax-inspector-salary/  
https://www.adda247.com/jobs/sebi-grade-a-salary/

Nitin Gurmukhani

64 articles published

Nitin Gurmukhani is a seasoned professional specializing in Digital Marketing Professional with experience in Performance Marketing (Google Ads, Facebook Ads, Linkedin Ads, Youtube Ads), SEO (Search E...

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