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

Dont know what to choose between B.Com Hons and BA Economics
February 2, 2021
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Table of Contents

Introduction

B.Com (Honors) and BA Economics (Honors) are two of the most sought after graduation courses. Both are hotshots among students of all the streams, be it commerce, humanities, or science. The only condition is that you must have studied Maths in your 11th and 12th. This is because of the huge application of Maths in both these subjects. 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 Honors 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 make the right decision for yourself.

BA Economics (Hons.)

BA Economics Hons.

BA Economics is a 3-year full-time 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 institutes also follow the yearly program of exam.

Selection process:

In many colleges, 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 colleges, 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 Honors 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. International Finance
  7. Agricultural Economics
  8. Industrial Economics

Graduates of BA Economics Honours may be hired as Sales Analysts, Economics Researchers, Economists, Customer Profit Analysts, Investment Analysts, and Investment Administrators. 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.

BA Economics Honors Syllabus

The syllabus given below is followed in most colleges. Certain institutions may opt to shift the subjects to different semesters according to their convenience and process. But all core subjects are taught in every college in the three years. You can find the detailed syllabus on the official UGC website.

Career Prospect for BA Economics

This 3 year-long course not only equips the students with a strong understanding of Micro and Macroeconomics but also knowledge of the Indian, agricultural, regional, 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 Ph.D. to further hone their skills. Best colleges to do your MA in 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. The average starting salary of BA Economics Honors graduates is 2 to 15 lacs per annum depending upon their college and performance.

JobAverage Salary
Investment Analyst4.5 Lakhs per annum and above
Sales Analyst4.5 Lakhs per annum and above
Economist6.87 Lakhs per annum and above

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

  • Accenture
  • Capgemini
  • IBM Group
  • Wipro Technologies

B.Com Honours

B.Com Honours

BCom Honours is also a three-year course. It is one of the most popular courses for 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 a 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 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 institute. Whoever’s 12th board marks lie in the range of the cut-off marks can easily secure admission. The top colleges of DU for B.Com Honors are:

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

In various other recognized colleges, 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 CA or 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 B.com

  • 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. You can also find a detailed list of all core and elective courses on the official UGC website.

Career Prospect of B.Com

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. Besides financial services, marketing, project management there are some other advanced career options in this field. For example, CA, CWA, and Company Secretary.

Average starting salaries

Accountant – The starting salary for an accountant is Rs 2 lakhs per annum and can increase eventually.

Business Executive – A Business Executive with 5-9 years of involvement earns an average salary of  Rs 3 lakhs per annum which increases with experience.

Tax Consultant – The starting salary for a tax consultant can be around Rs 4 to 5 lakhs and can go up to Rs 10 lakhs after you gain some experience.

Financial Analyst – A financial analyst earns a starting average salary of Rs 3.7 lakhs per annum which can increase up to Rs 6 lakhs after an experience 3 to 4 years.

Account Executive – An Account Executive earns around Rs 2.5 to 3 lakhs during the start of their career.

Business Consultant – It is a well paying job and people starting their career with this job can expect to earn around Rs 9 to 10 lakhs.

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

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

Final Thoughts

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 and it all depends on the career path you choose for yourself.

Chegg is an e-learning company which provides digital and physical textbook rentals, online tutoring, and other student services. Chegg’s online tutoring connect millions of students across the globe with thousands of tutors. Chegg India hires subject matter experts from India who answer questions of the students online through our 24*7 Chegg Study portal. So just choose your subject, become a subject matter expert, answer anytime anywhere and earn sitting at home.

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