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B.Sc Economics Course, Admissions, Eligibility, Syllabus, Fees, Career

B.Sc Economics Course, Admissions, Eligibility, Syllabus, Fees, Career

Edited By Moksh Dheri | Updated on Feb 13, 2024 04:59 PM IST | #B.Sc.

B.Sc. Economics is an undergraduate specialised program in Economics. The duration of the program is three years. The minimum required qualification to enrol in B.Sc. Economics is a successful completion of 10+2 in physics, chemistry, and mathematics from a recognised board.

Economics courses provide students with the skills and knowledge to establish a successful career in the same. There are numerous career options for students enrolled in the B.Sc. degree for this particular course such as chartered accountant, actuary, investment banker, bank clerk, bank PO, certified management accountant, stockbroker, equity analyst and business journalist.

The candidates interested in pursuing B.Sc Economics course must appear for CUET UG, which is the most popular exam for different specialisations in B.Sc degree. Many institutes conduct their own entrance exam, for admissions. The top colleges are ACFA Jalandhar, BUCC Batala, and BFIT Dehradun. The average salary of an Economist in India is Rs. 16.1 LPA.

Highlights- B.Sc Economics

ParticularsValues

Degree Name

B.Sc. Economics

Degree Type

Undergraduate

Degree Duration

Three years

Entrance Exams

NPAT, SET, CUET UG

Eligibility Criteria

10+2 in Physics, Chemistry and Mathematics

Admission process

Entrance/Merit

Fees for the entire duration

Rs. 5.8 LPA

Average Salary

Rs. 10,190 to Rs. 2.08 Lakhs

Job profiles

Investment Banker, Economist, Auditor, Financial Analyst, Risk Analyst, Chartered Accountant, Actuary

Top recruiters

Goldman Sachs, Morgan Stanley, JPMorgan Chase, Bank of America Merrill Lynch, Deutsche Bank


Eligibility Criteria for B.Sc Economics

The eligibility criteria for enrollment to B.Sc. Economics varies from college to college. Candidates should check the eligibility requirements of the course before applying for the admissions to the chosen institute. We have provided below the minimum eligibility criteria set by most of the colleges for the B.Sc Economics course.

  • Completion of 10+2 from a recognised board is mandatory.
  • Individuals are required to successfully qualify 10+2 in physics,chemistry and mathematics with a minimum of 50 percent of marks or as specified by the preferred institute for BSc Economics course.

Admission Process of B.Sc Economics

The admission process for enrollment in B.Sc. Economics varies from university to university. Candidates are advised to follow the admission procedure carefully, the admission details are available on the official website of the institute. Mentioned below are the generic admission guidelines for the B.Sc Economics course.

  • Candidates wishing to apply for admissions are required to register themselves for admissions by applying online or offline as per their preference.
  • They are then required to appear for entrance exams such as CUET UG, or any other entrance exam specified by the institute.
  • Every institute publishes their cutoff annually to screen the most deserving candidates, students are advised to meet the cutoff of their desired institute to be eligible for admission.
  • Many institutes conduct their admission rounds such as Group Discussion, Personal Interview and/or aptitude tests.
  • After clearing the entrance examination, candidates are advised to pay the course fees and also submit the necessary documents required by the institute.

Top B.Sc Economics Entrance Exams

There are numerous B.Sc. Economics entrance examinations that various universities conduct to select eligible candidates to provide admissions. Mentioned below are the popular entrance exams required for the B.Sc Economics course.

NPAT: NPAT stands for NMIMS Programmes After Twelfth. It is conducted by Narsee Monjee Institute for Management Studies for admissions in BBA, B.Com, and B.Sc. Economics and B.Sc. Finance courses.

SET: SET stands for Symbiosis Entrance Test. It is a university-level entrance examination conducted to provide admissions in various academic courses running in Symbiosis University.

CUET UG: Common University Entrance Test UG (CUET UG) is a national-level entrance examination conducted by the National Testing Agency (NTA) for admissions to various undergraduate degree programmes.

Cutoff of B.Sc Economics

Cut off is the minimum score limit announced every year by colleges and universities to provide admissions to eligible students. Candidates who score within the cut-off limit are provided with the enrollment in the respective academic courses. The cutoffs are released annually by every institute.

Skills Required for B.Sc Economics course

Individuals aspiring to pursue a B.Sc Economics course need to develop few skills to enhance their knowledge and efficiency both academically and professionally such as Good Communication skills, Time Management, Problem-solving skills and Data Analysis. Below, we have listed a few more skills required for a B.Sc Economics course.

  • Good Communication skills
  • Interpersonal Skills
  • Problem-Solving Skills
  • Critical Thinking Skills
  • Data Analysis
  • Time Management
  • Teamwork

Syllabus of B.Sc Economics

The academic curriculum of B.Sc. Economics varies from institute to institute. The B.Sc. The economics syllabus covers major subjects such as Calculus, Econometrics, Environmental Economics, Urban Economics, Banking, and Finance. We have provided below the syllabus of the Gokhale Institute of Politics and Economics.

Year 1

Introduction to Calculus for Economics

Principles of Microeconomics

Introduction to Statistics using Spreadsheets and SPSS

Intermediate Statistics Using Spreadsheets and SPSS

Basic Financial Methods

Intermediate Calculus for Economics

Data Management

Business Communication

Principles of Economics

Introduction to Management & Cost Accounting

Presentation and Communication Skills

Introduction to Sociology

Foreign Language - 1 (French and Chinese)

Foreign Language - 2 (French and Chinese)

Year 2

Demography

Marketing Theory and Pricing Strategies

Principles of Macroeconomics

Intermediate Macroeconomics

The Interplay of Economic Theory and Data

Econometrics with Case Studies using R and Python

Introduction to theory of econometrics

The Indian Economy: 1947-1991*

Operations Research

Development Economics

Intermediate Microeconomics

Research Methodology using Real World Projects

Foreign Language - 3 (French and Chinese)

Foreign Language - 4 (French and Chinese)

Year 3

Advanced Analytics (ML,DL, AI and NN) Using R and Python

Strategy and Game Theory

Pure Theory of Trade

Behavioral Economics

Urban Economics

Schools of Economic Thought

The Indian Economy: 1991 - Present Day

Energy Economics

Banking and Finance

Environmental Economics

Analytics Project Work

Foreign Language


Fee Structure of B.Sc Economics

The B.Sc Economics fee structure varies from college to college. Institutes rely on academic fees to provide sufficient facilities to students and pay salaries to staff. Generally, a private institute is more expensive than a government institute.The average academic fee of a B.Sc. Economics ranges from Rs. 10,190 to Rs. 2.08 Lakhs.

Scope of B.Sc Economics

B.Sc Economics offers a wide scope for the graduates, they receive training to perform various financial operations. This includes analysing statistical report patterns to predict future trends, identify risks, and assist business in making effective decisions to ensure profitability.

There are many career options available for BSc Economics graduates in the finance sector such as Accountant, Auditor, Economist, Investment Banker, Stock Market Analyst, and risk management analyst. For those interested in an academic career as a teacher or lecturer, pursuing an MSc, or Ph.D. in Economics are very good options.

Career Options after B.Sc Economics

There are numerous career options for B.Sc. Economics graduates. The career preference depends on the candidate’s interests and future goals. We have provided below major job profiles for aspiring individuals enrolled in B.Sc. Economics.

Investment Banker - An investment banker is a finance professional who is employed by financial institutions with the responsibilities of raising capital for government, corporate and other entities. He or she facilitates transactions that are usually large and complicated including acquisition, merger, and sales for clients.

Financial Analyst - A financial analyst is responsible for performing financial forecasting, analysing, and creating financial models to help the employing organisation and clients make effective business decisions.

Auditor - An auditor is a finance professional responsible for managing the accounts of an employing organisation. He or she ensures the validity of financial records. He or she helps in abiding by the risk involved in the investment decisions.

Statistician - A statistician is responsible for creating surveys, opinion polls, and surveys. He or she collects and organises data. A statistician studies the patterns in the data to predict future trends based on past practices. He or she utilises the information to help businesses remain competitive

Benefits of Studying B.Sc Economics

B.Sc in Economics opens up a wide range of career options for the graduates, the course also equips students with the skills needed for various job roles in different sectors such as Banking, Finance, Insurance, Stock Market, and Sales and Marketing. Additionally, attractive opportunities can be found in government organisations, media companies, investment firms.

Top Recruiters:

  • Goldman Sachs
  • Morgan Stanley
  • JPMorgan Chase
  • Bank of America Merrill Lynch
  • Deutsche Bank

Salary after B.Sc Economics

The salary offered to B.Sc. Economic graduates vary depending on candidates skills and knowledge. Some factors play a key role such as the size and location of the employing organisation. Mentioned in the table below are the average salary of some of the top career options in the field of B.Sc Economics.

Job ProfileAverage Salary

Investment Banker

Rs. 17.8 LPA

Economist

Rs. 16.1 LPA

Financial Analyst

Rs. 5.8 LPA

Statistician

Rs. 5.8 LPA

Source: Ambition Box

List of Top B.Sc Economics Colleges in India with Fees

There are many institutes offering B.Sc Economics courses, the admission to these institutes is either based on the entrance exam or direct admission based on the candidate’s prior academic performance. Mentioned below are the top B.Sc Economics colleges in India.


Top Private B.Sc Economics Colleges in India with Fees

There are both government as well as private colleges in India that offer B.Sc. Economics. The academic fee of private colleges is usually higher as compared to government colleges. We have provided below a list of top private B.Sc. Economics colleges in India.

CollegesFees

Adarsh Bhartiya College Pathankot

Rs. 88,230

ACFA Jalandhar

Rs. 1.40 Lakhs

Baba Budha College

Rs. 69,000

Banarsi Dass Arya Girls College

Rs. 1.15 Lakhs

BLM Girls College Nawanshahr

Rs. 2.08 Lakhs

Top Government B.Sc Economics Colleges in India with Fees

There are numerous government B.Sc. Economics colleges in India are located at various places. We have provided below a list of top government B.Sc. Economics colleges in India. The syllabus of the course, including fee and facilities provided to students in these colleges may vary.

CollegesFees

Amardeep Singh Shergill Memorial College

Rs. 66,730

Asansol Girls College Asansol

Rs. 10,190

Banwarilal Bhalotia College

Rs. 14,010

BUCC Batala

Rs. 98,640

Bebe Nanaki University College

Rs. 32,100

B.Sc in Economics offers a complete understanding of economic principles, providing a strong foundation for careers in finance, banking, and public policy. The course also equips students with analytical skills, preparing them for diverse opportunities in the global economy.

Frequently Asked Question (FAQs)

1. What is the minimum required education to enroll in a B.Sc. Economics programme.

Individuals are required to complete a 10+2 in physics,  chemistry and mathematics to enrol in a B.Sc. Economics course.

2. What is the average fee of B.Sc. Economics?

The average fee for B.Sc. Economics ranges from Rs. 50,000 to Rs. 100,000

3. What is the average salary offered to B.Sc. Economics graduates?

The average salary offered to B.Sc. Economics graduates range from Rs. 200,000 to Rs. 500,000 per annum.

4. What are the various career options for B.Sc. Economics candidates?

We have provided below the major career options for B.Sc. Economics graduates: Accountant, Financial Analyst, Chartered Accountant, Risk Analyst, Actuary, Statistician, and Economist.

5. What are the top recruiters of B.Sc. Economics graduates?

We have provided below a list of top B.Sc. Economics recruiters: Goldman Sachs, Morgan Stanley, JPMorgan Chase, Bank of America Merrill Lynch, and Deutsche Bank.

6. What is the average salary of an accountant?

The average salary of an accountant is Rs. 249633 per annum, according to payscale.com.

7. What is the average salary of an auditor?

The average salary of an auditor is Rs. 487962 per annum, according to payscale.com.

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Questions related to B.Sc.

Have a question related to B.Sc. ?

With a score of 76% in your B.Sc. program, you may have a chance of getting admission to Delhi University (DU) for various B.Sc. courses, but it largely depends on the specific course and the competition in that year.


For BA LLB or similar programs, the admission is based on CUET scores. You should check the specific cutoffs for the colleges you are interested in, as they can vary significantly. Generally, higher-ranked colleges may have cutoffs above 80%.


Keep an eye on the official DU admission portal for the latest updates on cutoffs and admission criteria.



Hello aspirant,

The type of institute, the course selected, and the institute's location all affect the cost of the B.Sc. Nursing programme. Before submitting an application for a B.Sc. Nursing programme, candidates should be aware of the institute's fees. A B.Sc. Nursing programme normally costs between Rs. 6,260 and Rs. 5.20 lakhs.

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It is not possible to do two degree courses simultaneously due to ugc guidelines and also it is very difficult for you to do Bsc and bmlt together the course of bsc is so vast and hard requires proper study.

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With a rank of 255 in the general category for the BSc Mathematics entrance exam at DDU Gorakhpur in 2024, you have a good chance of getting admission to the main campus of the university.

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