Top Economics Colleges in India 2023

It is the economists who study all the market situations, financial situations and economic situations going on in the world. Any prediction of a recession is made by economists by studying all the economic situations happening around the world. Many countries have started preparations to make their economy grow. By this data, many people got aware and acted accordingly. For acting according to the economic situations also, we need economists to tell us what the next move of the company should be or of the country. But how do economists do this? Economists study economics at a very deep level and acquire a degree in economics. 

Economics is a wide subject to study. We have been taught economics in our secondary school, and then we also study it in our 10+2 if we take commerce or arts. Economics has always been a subject which has the balance of both practical and theoretical knowledge. We can find examples of economics everywhere. From small shopkeepers to even big industries, countries, everybody needs to have a basic knowledge of economics. Economics is needed to understand the market, money, demand, and supply, etc., thoroughly. Especially companies, industries and countries need to have good economists hired to plan and cater to their next economic and financial move. 

But some individuals tend to have an interest in economics and aim at being an economist or to achieve a degree in economics. With the current economic conditions going around the world, every big company or industry needs to have a good economist to understand the market and economy of the market the company is in. 

Students will learn about the business cycle, economic market, demand and supply, various factors of industries, Financial situations etc. Practical knowledge, such as financial accounting and auditing, Law, and company tax. There is a misconception that economics is only restricted to industries and markets, but actually, economics does not really have any bounds, it can be used in agriculture, Natural resources etc. 

Economists can work in both public as well as the private sector, Journalism, Finance, investment banking, venture capital etc. Some job Positions for economists would be Budget Analysts, Accountants, auditors, economic journalists etc. Average salary after completing an economics degree can range from 2.5 Lakhs to 5 Lakhs per annum. 

Economics Degree College s in India: Specializations Available

In the educational world, there are quite a few economic degrees which a candidate can pursue. There are 2 - 3 UG courses and 2 - 3 PG courses as well. It depends upon the candidate which UG or PG Course he or she wants to pursue. Every degree has some differences in them. 

Below we have listed the names of economic degrees in India: - 

1. BA in Economics 

Bachelor of Arts in Economics is one of the specializations under economic degrees. It is a 3-year graduate program which is widely offered in many commerce and art colleges and in universities. The main aim of the course is to train candidates for analyzing and understanding the basic concepts of economy, money, market, utility etc. Main subjects in this course are Microeconomics, Macroeconomics etc. The subject deals with qualitative and quantitative approaches to social science. 

2. BA (Hons) Economics 

BA (Hons) Economics is a totally different degree from BA Economics. In easy words, we can say that BA Economics is more of a beginner level course and BA (Hons) can be categorized under the intermediate level. BA (Hons) Economics is not only limited to social science approaches, but a huge part of it deals with market, goods, and services etc. It is a more in-depth study of economics. BA (Hons) Economics is a 3-year graduate course. Average salary after completing this degree would be Rs. 4 to 6 Lakhs.

3. BSc Economics 

Bachelor of Science in Economics is also a 3-year graduate program provided by many colleges and universities. It is a more practical economic degree and focuses more on Mathematics and statics, which are the practical subjects. The average salary earned would be Rs. 1.5 Lakhs to 5 Lakhs Per annum. 

4. MA in Economics 

Master of Arts in Economics is a 2-year postgraduate program. It covers all the aspects of economics such as macroeconomics, microeconomics, Public economics, econometry etc., it gives more knowledge about financial distractions and the world's economy. Average salary should be from Rs. 5 to 7 Lakhs. 

5. M.SC Economics 

As told earlier that B.SC economics is more of a practical subject, same is the thing with M.SC Economics. Besides theoretical learning, it also focuses on data, analytical concepts, Mathematical concepts etc. The average salary ranges from Rs. 6,00,000 to 12,00,000. 

Economics Degree College s in India: Eligibility Criteria

For UG: - 

1. The student should complete 10+2 examinations from a recognized board and recognized school. 

2. Candidates should acquire at least 50% in their 10+2 examinations. 

3. Candidates waiting for their final examinations are also eligible for applying to the college.

For PG: - 

1. The candidate must complete their bachelor's degree in economics. 

2. Candidates should acquire at least 50% in their bachelor's degree. 

3. Candidates in their final year are also eligible for applying to the college. 

Economics Degree College s in India: Admission Process 

1. The candidate must fulfil the eligibility criteria. 

2. Some colleges may demand entrance exams, but most of them offer admission on merit basis. 

3. Once the student is selected according to the cutoff for merit results or for the entrance exam, he or she should start the enrollment process. 

4. The admission is confirmed only after deposit of original documents and payment of course fees.

Economics Degree College s in India: Top College s in India

India is a very big country with a huge population. Every state has great colleges for economic degrees in India. Today we have distributed the colleges according to their zones and regions for easy understanding. We have also provided their fees, rankings by Careers360 and NIRF 2020, entrance exam if any College conducts and their cutoff. 

Top Economics Degree College s in India in South Zone 

The South Zone of India consists of states such as Tamil Nadu, Karnataka, etc. South zone has plenty of NIRF Ranked Colleges. Below we have listed the top 10 economics degree colleges in the south zone of India. 

Top Economics Degree College s in India in North Zone 

North Zone of India consists of Delhi, Punjab, Uttar Pradesh etc. The North Zone is the best zone for studying an economic degree. Below we have mentioned the top 10 colleges providing economic degrees. 

Top Economics Degree College s in India in West Zone 

The west zone consists of states such as Maharashtra, Rajasthan, Gujarat etc. Below we have listed the top 10 colleges in the west zone for an economics degree. 

Top Economics Degree College s in India in East Zone 

The east zone of India consists of states such as West Bengal, Bihar, Jharkhand etc. Below we have mentioned the top 10 colleges providing economic degrees in the east zone. 

FAQS 

Question 1: - What is the top undergraduate degree in economics? 

Answer - BA Economics and BSc Economics are the most popular undergraduate degree courses that students prefer in India. 

Question 2: - What is the top postgraduate degree in economics? 

Answer - MA Economics and M.SC Economics are regarded as popular postgraduate programs in Economics.

Question 3: - Which zone has the maximum number of Colleges which have been ranked by NIRF? 

Answer - The South Zone has the maximum number of colleges which are ranked in NIRF 2020 Rankings. 

Question 4: - Do colleges offer scholarships to students pursuing economics degree courses in India?

Answer: - Yes, several colleges offer scholarships to students pursuing economics degree courses. Students must get in touch with the respective college for more information.

Question 5: - In Delhi, which is the top college for studying Economics? 

Answer: - Miranda House has been ranked as the top college in Delhi for studying economics. Though it is a girls-only college.

Question 6: - Where is ST Xavier's College located? 

Answer: - St Xavier's colleges are present in many cities such as Kolkata, Mumbai, Ranchi, Ahmedabad etc. 

Question 7: - Does Lady Shri Ram College in Delhi offer an undergraduate course in economics? 

Answer: - Yes, Lady Shri Ram College does offer an undergraduate course in economics, i.e. BA (Hons) Economics.

Question 8: - In Maharashtra which College is best for an economics degree?

Answer: - Fergusson College has been rated as the best college in Maharashtra for a course in economics.

Question 9: - Is there any entrance exam for economics? 

Answer: - Very few colleges conduct entrance exams for admission to economics degree colleges. Most colleges offer admission on merit-basis.

Question 10: -  What is the average salary of an economist? 

Answer: - For a fresher, it would be around Rs. 2.5 Lakhs to 5 Lakhs per annum.  The salary will increase gradually with experience.