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Don’t know what to choose between B.Com Hons and BA Economics? Let’s compare and find out

 

B.Com (Honours) and BA Economics (Honours) are two of the most sought after courses for undergraduate level of study. Both are hotshots among students of all the streams- commerce, humanities as well as science. The only condition is that you must have studied maths in your 11th and 12th. This is because of the humungous application of maths in both these subjects throughout the duration of the courses.

Many students who’ve just finished their 12th grade find it difficult to choose one of the subjects for their bachelor’s. Since both of them guarantee a promising future, it is often difficult to stick with one. No subject can be deemed better than the other, so it is actually your field interest that will determine the choice you make. This article will provide you with in-depth information about what the two courses present you with. We will list out all the subjects in BA Economics as well as in B.Com Honours that you will study in the course of three years. There will also be the future prospects of both of them so that you can easily make the right decision for yourself.\

BA Economics (Honours)

BA Economics Hons.

BA Economics is 3-year full-time undergraduate course. The eligibility for which is a 12th standard qualification from a recognized board with minimum aggregate marks of 50%. It deals with the qualitative as well as the quantitative aspects of economics. The entire course program is spread across 3 years which is divided into 6 semesters of 6 months each. A few universities also follow the yearly program of examination.

Selection process:

In many universities, such as the Delhi University, students are admitted on the basis of their 12th percentage. Every college fixes a cut-off above according to which they select their candidates. This cut-off varies from college to college. The top colleges of DU for BA Economics are:

  • Sri Ram College of Commerce
  • St Stephens College
  • Lady Sri Ram College
  • Miranda House
  • Hindu College

In various other recognized universities, there are entrance tests held (sometimes followed by an interview) to select candidates seeking admission. Some of them are:

  • Christ University, Bangalore
  • St. Mira’ College for Girls, Pune
  • Jamia Millia Islamia, New Delhi
  • Aligarh Muslim University, Uttar Pradesh

BA Economics Honours are best suited for students who are keen to learn about the economy and how it runs. Economics helps you to understand the working of an economy in great detail including production, consumption, supply, demand, distribution of goods and services, imports and exports, etc. You will study both, the macro well as the micro aspects of economics. Economics makes use of a great deal of mathematics. You will constantly find yourself indulged in statistics, differentiation, integration, data interpretation, and so on.

List of all Subjects in BA Economics Honours:

Core/ Compulsory Subjects in BA Economics:

  1. Microeconomics
  2. Mathematical Methods of Economics
  3. Macroeconomics
  4. Statistics
  5. Econometrics
  6. International Trade
  7. Development of Economics
  8. Indian Economics
  9. History of Economics Thought

Optional Subjects in BA Economics:

  1. Money and Banking
  2. Regional Economics
  3. Public Economics
  4. Financial Economics
  5. Computer Applications
  6. Environmental Economics
  7. International Finance
  8. Agricultural Economics
  9. Industrial Economics

Graduates of BA Economics Honours may be hired as Sales Analysts, Economics Researchers, Economists, Customer Profit Analysts, Investment Analysts, Investment Administrators etc. They are hired in areas such as Analysis/Forecasting Firms, Stock Exchanges, Manufacturing Firms, Agricultural Companies, Financial Information Firms, Banks/Credit Unions, International Trade Companies, etc.

The course has been designed to make the pupil understand the nuances of not only the Indian economy but the entire world. An economic graduate emerges with a global knowledge of how markets operate. The students develop analytical and problem-solving skills. As a result, it prepares them for different commerce and banking-related jobs. They may also become entrepreneurs running their business with the knowledge of production, consumption, and distribution in the economy.

Through a comprehensive study of the market forces of demand and supply, utility, consumption, production, and other important but basic aspects of economics, the course gives a very detailed introduction to economics to the students. This course requires a student with a very sharp analytical mind as well as quick problem-solving techniques. The student should have an interest in the market, politics as well as foreign affairs. This is because no entity can be separated from economics, whether it is a pandemic or war or trade or industrialization, economics is always a very big part of it.

After the successful completion of the course, the candidates can seek a career in the prestigious Reserve Bank of India, Planning Commission, Planning Board, Ministry of Economic Affairs, and The Indian Economic Service.

 

Become a Subject Matter Expert

 

BA Economics Honours Syllabus

The syllabus given below is followed in most universities. Certain institutions may opt to shift the subjects to different semesters according to their convenience and process. But the all core subjects are taught in every college/university in the three years.

Semester I Semester II
Economics Core Course 1 : Introductory Microeconomics Economics Core Course 3 : Introductory Macroeconomics
Economics Core Course 2 : Mathematical Methods for Economics-I
Ability Enhancement Compulsory Course Economics Core Course 4 : Mathematical Methods for Economics-II
Generic Elective/ Subsidiary Course-I Ability Enhancement Compulsory Course (AECC)-II
Semester-III Semester IV
Economics Core Course 5 : Intermediate Microeconomics-I Economics Core Course 8 : Intermediate Microeconomics-II
Economics Core Course 6 : Intermediate Macroeconomics-I Economics Core Course 9 : Intermediate Macroeconomics-II
Economics Core Course 7 : Statistical Methods for Economics Economics Core Course 10 : Introductory Econometrics
Skill Enhancement Course (SEC)-I Skill Enhancement Course (SEC)-II
Generic Elective (GE) Course-III Generic Elective (GE) Course-IV
Semester V Semester VI
Economics Core Course 11 : Indian Economy-I Economics Core Course 13 : History of Economic Thought
Economics Core Course 12 : Development Economics-I Economics Core Course 14 : International Trade
Discipline Specific Elective (DSE) Course-I Discipline Specific Elective (DSE) Course-III (From List of Group-II)
Discipline Specific Elective (DSE) Course-II Discipline Specific Elective (DSE) Course-IV (From List of Group-II)

Career Prospect for BA Economics

This 3 year long undergraduate course not only equips the students with strong understanding of Micro and Macro economics, but also knowledge of  the Indian economy, agricultural economy, regional economy and industrial economy. It also takes into account the environmental aspects of the growth and development of different economic plans in the country.

Some students can go on to pursue a Masters in Economics and a PhD to further hone their skills. Best colleges to do your MA Economics are:

  • Delhi School of Economic
  • Indian Statistical Institute
  • Indra Gandhi Institute of Development Research
  • Madras School of Economics

They can even go for an MBA. Economics graduates are especially preferred because of their strong mathematics and reasoning skills.

Many also opt for the Indian Economic Services which is accounted as one of the best government jobs in India.

Average starting salary of BA Economics Honours graduate is 2 to 15 lacs per annum depending upon their college and performance.

Job Average Salary
Investment Analyst 4.5 Lakhs per annum and above
Sales Analyst 4.5 Lakhs per annum and above
Economist 6.87 Lakhs per annum and above

Some of the recruiting companies that hire B.A. Economics graduates are:

  • Accenture
  • Capgemini
  • Intelent Global Services
  • IBM Group
  • Wipro Technologies

B.Com Honours

B.Com Honours

Bachelor of Commerce Honours is also a three-year undergraduate course. It is one of the most popular undergraduate courses in commerce students. There are three most popular courses under Commerce, namely BCom, BCom (H) and BCom LLB. Candidates who wish to pursue higher studies and career in accounting, commerce, banking, finance and insurance, take up B.Com and B.Com (H) courses at UG level. Those who plan to take up a career in law opt for B.Com LLB.

This course inculcates the skill of understanding business in the pupils mind. It provides with in-depth knowledge of accounting and organizational behavior that is great for any future businessperson.

Selection Process:

The standard criterion for admitting students is based on the cut-off marks set by each academic institute. Whoever’s 12th boards marks lie in the range of the cut-off marks can easily secure admission. The top colleges of DU for B.Com Honours are:

  • Shri Ram College of Commerce
  • Lady Shri Ram College
  • Hansraj College
  • Hindu College
  • Ramjas College

In various other recognized universities, there are entrance tests held (sometimes followed by an interview) to select candidates seeking admission. Some of them are:

  • DUET
  • Christ University, Bangalore
  • Jamia Millia Islamia, New Delhi
  • Aligarh Muslim University, Uttar Pradesh

The candidate must have studied Commerce in class 11 and 12 with Accountancy, Business Studies, Economics, Maths, and English as main subjects. The student should also have completed his/her high school from a recognized board.

The best thing about this honors course is that many colleges like to include some syllabus of Chartered Accountancy (CA) or Chartered Financial Analyst (CFA) which makes it easier for the students to prepare well for these highly acclaimed certifications. It is a great option to give CA and CFA exams while pursuing your B.Com degree.

Colleges offer specialization in this course such as:

  • B.Com Hons Accountancy:

This course is for students who are particularly interested in expertise in the field of accounting. Graduates after completing BCom (Hons) in Accountancy are hired in areas such as Accounting Offices, Auditing departments, treasury, information systems, etc.

  • B.Com Hons Accounting & Finance:

This is a specialized niche course in the field of commerce, which basically covers the main aspects related to the accounting and finance world. Students who are strong in Maths and Economics should pursue BCom (Hons) Accounting and Finance course.

B.Com (Hons) Syllabus

The syllabus consists of compulsory core subjects and students can select a few elective subjects from the elective course list provided by the college.

Semester I Semester II Semester III
Business Organization & Management Business Statistics Business Mathematics
Financial Accounting Basics of Computer Income Tax Laws & Practice
Micro Economics I Micro Economics II Macro Economics
Business Laws Corporate Laws Marketing Principles
Any Language college is offering (Mainly English) Any Language college is offering (Mainly English)
Semester IV Semester V Semester VI
Indirect Tax Management Accounting International Business
Corporate Accounting Financial Management Ethics of Business
Cost Accounting Auditing Business Communication
Human resource Management E-Commerce Project Work
Performance & Policies in Indian Economy Elective Course (Any One) Elective Course (Any One)

Common elective courses:

BCom (Hons) Elective Courses

Financial Markets & Services Compensation Management Corporate Tax Planning
Advertising & Personal Selling Business Data Processing Entrepreneurship & Small Businesses
Fundamentals of Investment Consumer Relation & Customer Care Business Tax Procedure & Management

Career Prospect:

Freshers can get placed in reputed finance companies, consultancies, MNCs and other sectors.

As Accountants, commerce graduates keep track of the profit and loss records of an organization. They are trained in  Basic Principles of Accountancy, Cost Accounting, and Management Accounting.

They may also work as Tax Consultants or in the field of banking. Chartered Accountant (CA), Cost and Work Accountant (CWA), and Company Secretary (CS) are some other advanced career options in this field, besides financial services, marketing, project management.

Average starting salaries:

BCom (H) jobs Average salary
Accountant Rs 2 lakh per annum and above
Business Executive Rs 3 lakh per annum and above
Accounts Manager Rs 5.8 lakh per annum and above
Tax Consultant Rs 4.5 lakh per annum and above
Financial Analyst Rs 3.7 lakh per annum and above
Financial Consultant Rs 5 lakh per annum and above
Account Executive Rs 2.5 lakh per annum and above
Business Consultant Rs 9 lakh per annum and above

Top recruiters of B.Com graduates include banks, multinational companies, finance firms and auditing agencies. Some of them are:

  • SBI
  • ICICI Bank
  • HDFC
  • Deloitte
  • IndusInd Bank
  • Ernest & Young

Conclusion:

We hope that this article has helped you in clearing your confusion. It is an in-depth analysis of both the subjects. Nobody can really tell you which one subject is better. It all depends on the career path you choose for yourself.

 

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