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About Economics and Commerce

An economist is a person who studies and analyses data to come up with solutions which helps in the development of the country. A knack for numbers and figures is all one needs to pursue an education and a career in this field.

A student studying Economy and Commerce is trained on the following areas management, microeconomics, macroeconomics, labour relations, public finance, industrial economics, accounting, banking, financial risk management etc. A degree in Economics and Commerce would open up many opportunities for students. Some of the areas in which Economics and Commerce graduates can specialise in such as accounting, actuarial science, financial crime and governance, marketing, business economics, econometrics, international economics, environmental economics etc.

Related Departments

Economics & Commerce (B Com/H) 22118 Students Shortlisted

Top Colleges

Economics has emerged as one of the most decisive streams that govern the world now. There are many colleges across the world that imparts quality education in Economics and Commerce. Commerce is offered as an undergraduate course only in the common wealth nations. In all other countries, they come under business management courses. Following are the top colleges in India and other countries:

India

Fee per course/annum: ₹ 15,000 - ₹ 20,000

UK

Fee per course/annum: £11,000 - £16,000

USA

Fee per course/annum: $ 20,000 - $ 40,000

Career Prospects

Economists have a tremendous scope in the 21st century. They are the ones who study the ways of a society by using resources like raw materials, labour, machinery, and land to produce goods and services. There are opportunities in many industries that you can look for after graduating in Economics and Commerce:

  • Actuarial Studies
  • Business Management and Organisations
  • Corporate Governance
  • Finance
  • Financial Crime and Governance
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Jobs & Salary

Economists, in particular, are hired by local, state, and federal government agencies. The duties of a government economist are diverse and in large part depend on the particular government agency. As an Economics and Commerce graduate, here are some of the eminent brands you might get associated with:

Deloitte and Touché
Macquarie North America Ltd
Protiviti
Standard Chartered
JP Morgan

As an entrepreneur with a background in Economics and Commerce, you would be able to access financial situations better and take competent decisions for your company. You could open up a firm servicing and helping clients with their taxes, insurance and investments. Alternatively, you could also work as a consultant for multinational organisations giving them advice on their financial matters.

Pros & Cons

Pros
  • High paying careers
  • Several specialisations 
  • Jobs available in a variety of industries
  • Opportunities to travel
Cons
  • Low rate of growth
  • Time consuming
  • The job requires precision and is therefore stressful

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