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

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

    #B.Sc.
    Team Careers360Updated on 06 Nov 2024, 03:02 PM IST

    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 admission 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 per cent of marks or as specified by the preferred institute for BSc Economics course.
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    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 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 businesses 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, and 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 is 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 fees of private colleges are usually higher as compared to government colleges. Below, we have provided 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 Questions (FAQs)

    Q: What is the minimum required education to enroll in a B.Sc. Economics programme.
    A:

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

    Q: What is the average fee of B.Sc. Economics?
    A:

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

    Q: What is the average salary offered to B.Sc. Economics graduates?
    A:

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

    Q: What are the various career options for B.Sc. Economics candidates?
    A:

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

    Q: What are the top recruiters of B.Sc. Economics graduates?
    A:

    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.

    Q: What is the average salary of an accountant?
    A:

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

    Q: What is the average salary of an auditor?
    A:

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

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