Bachelor of Science [B.Sc] (Economics): Jobs, Scope, Career, Govt. Jobs, Salary 2023

Job Profiles	Job Description
Research Analyst- Macro Economics	Responsible for conducting survey and analyze economic issues
Manager-Economics Modelling	Forecast and interpret market trends for future growth planning.
Budget analyst	Prepare budgets plans and execute them at right stage.
Economic Affairs specialist	Responsible for preparing social and economic data bases and handle development issues and challenges.
Economics-Lecturer	Provides knowledge of economics as a whole in colleges and institutes.

JB

How is B.Sc Economics at NMIMS Mumbai?

PJ

Pooja Johar

29 Jun 21

The B.Sc Economics course offered by the Sarla Anil Modi School of Economics of the NMIMS Mumbai is great and will be a wonderful experience if you factor out the cost of the course.

Academics:

The course is well balanced and the pedagogy not only includes core subjects but also from fields such as psychology, sociology, political science, IT, etc.
The institute also hosts many guest lectures and seminars which offer a better understanding of the real world.
The demerit of the course is that it is too focused and requires a lot of attention. Attendance is taken seriously.

Fees:

The yearly fee for the batch of 2017-20 was INR 2.5 lakhs.
The university provides very limited accommodation options, so you need to live for yourself in Mumbai. Depending on your lifestyle and accommodation you will need another INR 3.5 lakhs to INR 7 lakhs per annum towards living expenses.

So even if you take the lower amount, you will need close to INR 18 lakhs to INR 20 lakhs for the whole 3 years of the undergraduate program.

Placements:

Here are the placement stats released by the department for the batch of 2016-19.

Total number of students – 87
Number of students opting for placements – 18
Percentage of students placed who opted for placements – 77%
Highest salary – INR 11.60 lakhs per annum
Average salary – INR 4.60 lakhs per annum
Some recruiters – PwC, KPMG, Nomura, Kotak Mahindra Bank, Mu Sigma, JP Morgan India Services, IDBI Federal Life, etc.

The experience is really good, but choose the institute only if you are willing to pay the huge fees for your undergraduate.

RS

Are there any placements at DU for B.Sc students?

AK

Aruna Kakkar

10 Oct 22

When a 12th-grade student enrols in a prestigious Delhi university, he or she has many hopes for placement and compensation.

However, only 1% of students are placed in the top colleges. B.Sc. is solely academic in nature. You should never have unrealistic expectations of receiving gleaming packages after completing your B.Sc. To get a job in this field, you will need to further your education.

The main advantage of studying at DU is the exposure you will receive. It will aid in your personal development.

SP

I'm doing PCME in 11-12th grade with no economics background. Can I pursue economics honours from symbiosis or any other college for undergrad?

SV

Shweta Vashisht

27 Jun 21

Yes, you can undeniably pursue economics honors from any college, even if you didn’t have Economics in your 12th. The first semester in economics ug degree is dedicated to the basic and fundamental understanding of the subject, which is also taught in school. Thus, even if you have not studied the aspects of it in school, the college you are part of will certainly cover the topics you still have to know about.

But if you are planning to do a course in Economics, it will be better to make yourself familiar with the basic concept of the course. Pick up some books on Economics after you are done with your entrance examinations if you are planning on giving any. My friends with Economics degrees suggested the following books that you can begin with.

Introductory Microeconomics by Deepashree (taught in the 12th standard)
Introductory Macroeconomics by Deepashree (for the 12th standard again)
Principles of economics by Mankiw (this is taught in the college for the first semester or anytime during the first year)

These are to name a few. You can likewise add on more.

KK

Which is better BSc Economics from NMIMS or BMS from St. Xavier’s?

NG

Nabamita Ghosh

21 Oct 20

Both NMIMS and St. Xavier’s are highly reputed institutes in Mumbai and ranked amongst the top 10. NMIMS is ranked 22nd by NIRF in the MBA category while St.Xavier’s is ranked 4th by The Week for Arts. NMIMS has international collaborations with University of Florida, TelAviv University and King's College London amongst many others. Both these institutes have highly qualified faculty who strive to curate global leaders.

Admission Process

NMIMS

Admissions to BSc Economics at NMIMS is conducted through NMIMS NPAT.
NPAT can be given within 5 windows and the best of three are used to shortlist the candidates.
30% of seats in each program are reserved for girls.

St. Xavier’s

At St.Xavier’s, students are given admission for BMS based on a 60% weightage to Entrance Test and 40% weightage of Class XII aggregate marks.

Intermediate graduate or possess a diploma in any English branch with a 2/3/4-year duration after passing the SSC exam.
The intake is 60 students per batch. Out of these, 50% seats are reserved for Christian Minority.

Fee Structure

The fees for Bsc Economics at NMIMS is 1.26 lacs per year.
The total fee at St. Xavier’s is 1.12 lacs per year.

Placements

NMIMS

After BSc Economics at NMIMS, a student can pursue PG in economics/management, a career in finance/industry/banks, market research institutions as market analysts. The key placement highlights are:

There is an average of 77% placement for this course.
The highest CTC offered was 11.6 LPA
The average CTC offered was 4.6 LPA
20+ summer internship offers
The chief recruiters were Verity Knowledge Solutions, Tres Vista, JP Morgan India Services, Education International, Nomura

St. Xavier’s

After BMS, a student can get into administration & operations, project management (executive level), enterprise management, human resource management & development, data management & system analysis, sales & marketing, and financial management. The notable features about placement statistics are:

The median salary is 4 LPA.
Average placement rate over 50%
The top recruiters are Accenture, Axis Bank, Crisil, Mahindra & Mahindra, and SAP.

BMS and BSc Economics are entirely different fields to compare. Selecting a course and a college depends much on the present industry developments apart from personal interest. It is upto the individual to analyse and come to a conclusion after considering the stats.

AL

Is a BSc in economics from Gokhale Institute better than that of the Symbiosis School of economics?

NV

Nidhi Verma

24 Dec 21

For B.Sc in Economics, Symbiosis School of Economics should be considered before the Gokhale Institute of Politics and Economics.

Important information regarding undergraduate courses and the colleges are given below:

Category	Symbiosis School of Economics	Gokhale Institute of Politics and Economics
Admission	Symbiosis Entrance Test	GIPE Entrance Exam
Duration	3 years	3 years
Total Fees	Rs. 6.4 Lakhs	Rs. 3.9 Lakhs
Total Seats	130 seats	60 seats
Placement Percentage	80%	60%
Highest CTC	7.65 LPA	12-13 LPA
Average CTC	4.96 LPA	7.5 LPA
Recruiting Companies	TresVista, D.E Shaw Associates, Ernest and Young, Deloitte, Vodafone, Kingfisher	Axis Bank, Gartner, Deloitte, HDFC Bank, JP Morgan Chase

Curriculum:

Symbiosis School of Economics:

Symbiosis offers a great, rigorous B.Sc programme for economics which includes industrial training as well as internships.
The college has tie-ups with several international universities for international exchange programmes.

Gokhale Institute of Politics and Economics:

The college offers a well-rounded curriculum which focuses on theory and application of economic principles.
The college includes project work, internships and placement assistance as a part of their course structure.

Placement Opportunities:

Symbiosis School of Economics:

Symbiosis has a great placement cell which offers plenty of opportunities.
The college invites companies like TresVista, CRISIL, IBM, Panasonic, Ernest and Young, D. E Shaw Associates every year for recruitment.
The college has an extensive alumni network studying in international universities as well as working in major companies.

Gokhale Institute of Politics and Economics:

The placement opportunities are fairly good especially for M.Sc and M.A programmes while B.Sc students opt for higher studies.

Symbiosis School of Economics is a good option for B.Sc in Economics. The college offers a great curriculum as well as good placement opportunities. The MSc and MA program has better placements than Symbiosis. But for BSc, Symbiosis will prove to be a better option.

PN

I am going to start my B.Sc. Economics Honours from Bethune College of Calcutta University. Can you give me some advice?

IK

Isha Khurana,

18 Nov 21

Bethune College is one of the renowned colleges in West Bengal. As you have opted for B.Sc Economics One of my friends also studied at Bethune College, so I might be able to provide some tips about this:

Buy a last 5-year question or CBCS system previous year’s question as soon as possible.
Calcutta University tends to give the same question in an odd-even-year system. Solve those papers and prepare accordingly as 60% of the questions will be similar.
Make sure you utilize the profit of the online exam system. You can score 15-20% extra than offline exams.
After the regular college classes if you need extra guidance to go for a coaching centre suggested by your seniors.
Keep in touch with your seniors frequently, as they can guide you through a lot of things.

Lastly, as Bethune is a very strict college, try to enjoy your college life, maintain a good relationship with your teachers and work hard and study well to make a successful career.

YG

What is the criteria for applying for B.Sc. economics in Bethune college?

SM

Sreetama Mukherjee,

18 Nov 21

There are no particular criteria to apply for Economics at Bethune College. Any 12th passed student can apply for the course. They mainly consider the aggregate marks of your best 3 or 4 subjects. The selection is completely merit-based.

Just keep an eye on the website during the admission period, which is usually June or July. Look out for admission notifications.
Once the online admission portal is open, fill out the admission form with the required details.
You have to choose 2 General Elective (GE) subjects apart from your major. These subjects will be for the first 2 years.
With Economics Honours, students usually take Statistics and Mathematics for the GE subjects.
You will have to scan and upload a few documents like your identity proof (Aadhar card/voter card/pan card/driver’s license/passport) or your admit card for class 10 boards and your class 12 boards marksheet.

As the entire admission process is now conducted online, you also need to pay the fee for the application online.

A

Should I join Presidency University, Kolkata for B.Sc. (Hons.) in economics or Amity University, Kolkata for B.Sc Hons in Statistics.

MR

Malini Roy

14 Aug 20

President University:

Presidency University is ranked at 151st position by National Institutional Ranking Framework in 2020. The graduation program is of 3 years where the tuition fees to be paid is 2,125/- per year. This university has a legacy of 200 years and it is well established.

Eligibility & Selection Criteria:

Students seeking to obtain admission at this institute must have completed 10+2 with 70% in Physics, Chemistry, Mathematics and Biology from a recognised school.
Students are required to appear in the Presidency University Bachelor Degree Entrance Test (PUBDET) which is followed by counselling.

Placement:

Top recruitment firms like Deloitte, Mu Sigma, TCS, HSBC and many more visit the campus for placements.
Overall placement percentage of the institute is 70%.
The average package which a graduate receives is 5 lakh p.a. whereas the highest package offered is 13 lakh p.a.

Amity University:

Coming to Amity University, the fees structure for BSc 76,000/- per year, which is relatively very high when compared to Presidency University. This was established in 2015, but it has a world class campus at par with Ivy League Universities.

Eligibility & Selection Criteria:

To obtain admission, the student must have a 50 % aggregate score in class XII. Students should also have a minimum score of 50% in Statistic or Maths.
English test is conducted by the university to check the language proficiency of the student, which is followed by the Personal Interview.
Scholarship provided by the University based on the score of 10+2 are:

Scholarship	Eligibility
100%	93% aggregate in 10+2
50%	88% aggregate in 10+2
25%	80% aggregate in 10+2
Direct Admission	75% aggregate in 10+2 (No need to appear in the test)

Placement:

Top recruitment firms like Amazon, Byju’s, Indigo, Deloitte and many more visit the campus for placements.
Overall placement percentage of the institute is 90%.
The average package which a graduate receives is 5 lakh p.a. whereas the highest package offered is 24 lakh p.a.

Anyone who is ready to invest a good amount of money in their education and great infrastructure can choose to study at Amity University as they have got the better placement percentage and have brilliant companies coming to recruit at their campus. Presidency University as well offers good placement and they have comparatively very less tuition fees.

PD

Which college would be better for BSc Economics - Symbiosis School of Economics or Sarla Anil Modi School of Economics and why?

KK

Kanika Katiyal

28 Aug 20

This course teaches students about how the industries function and what their purpose will be. The course trains students to be industry-ready. Students are familiarized with concepts of economics, mathematics, finance, health care, real estate, education, politics, and many more.

The table given below shows a brief overview of both the institutes:

Categories	Symbiosis School of Economics	Sarla Anil Modi School of Economics
Cut Off	96% (SET)	60%
Course Fee	2,10,000	30,045-40,000
Placement Percentage	10%	77%
Highest Salary Package	10 LPA	11 LPA
Average Salary Package	6-7 LPA	4 LPA
Recruiting Companies	Jindal Steel, Financial Technologies, IBM, RangSutra, Panasonic India, etc.	JP Morgan India Services, Endurance International, Edelweiss Tokio, Kotak Mahindra Bank, IDBI Federal Life, IIFL, etc.

Placements: Students were also provided with summer internships which helped them to gain knowledge of how the industry works. Companies like QED Baton, Bharat Forge Ltd., HDFC Bank, ICICI Prudential, Zephyr Financial Publishers Ltd., WTC, etc.

Career Scope: Students can specialize in Finance, Business, or Economics in their final year. Students graduating from Economics can -

Get their postgraduate degree in Management or Economics.
Get jobs in finance and business industries.
Become a market analyst and research analyst.
Work in business media.

Most students prefer DU colleges than Symbiosis School of Economics. The main reason being the affordability and popularity. DU colleges are a much more reputed institution than the Symbiosis School of Economics. Placements are better in DU colleges than Symbiosis School of Economics.

KG

Which of these two is better college for studying B. Sc. degree in Economics: NMIMS, Bengaluru or Symbiosis School Of Economics, Pune?

TR

Tia Rungta

02 Sept 20

NMIMS Bengaluru is a private university offering various courses at UG, PG level in various specializations. It achieved 7th rank as the best university by Business Today and offers above 85% placement every year.

Symbiosis School of Economics has been ranked the 6th best college among leading business schools in India by Outlook 2020. This college is the home of economics and offers nearly 99% placements to the deserving students.

The table below gives a brief overview of both institutes:

Categories	NMIMS Bengaluru	Symbiosis School of Economics, Pune
Established	2008	2008
>Ranking (Outlook)	104	6th
Intake	60	130
Course duration	3 years	3 years
Faculty	16	11
Fees (1st year)	INR 2.87 LPA	INR 2.02 LPA
Entrance Exam	NPAT	SET
Placement Record	85%	99%
No. of students placed.	250	180
No. of recruiters	91	80
Highest package	INR 21.38 LPA	INR 7.65 LPA
Average package	INR 10.5 LPA	INR 6 LPA
Top Recruiters	Dell, Airtel, Infosys, Genpact, Oracle, etc	IBM, Jindal Steel, Panasonic, HDFC Bank, ICICI bank, etc.

Admission in NMIMS Bengaluru is as follows:

Candidates should have a minimum of 50% marks from any recognized university.
The admission to the BSc in Economics course is based on the marks obtained in NPAT, CLAT/LSAT, and NMAT tests.
The final selection includes a personal interview conducted by the institute.

Admission in Symbiosis School of Economics is as follows:

The candidates should have a minimum of 50% marks from any recognized university.
The admission to the BSc in Economics course is based on the marks obtained in SET tests.
The final selection includes a personal interview and written ability test conducted by the institute.

The Symbiosis School of Economics is preferable to NMIMS Bangalore for pursuing BSc in Economics. The location is in Pune which has a very friendly climate and the course is designed in such a way that you will get to know more about the world.

Bachelor of Science [B.Sc] (Economics): Jobs, Scope, Career, Govt. Jobs, Salary 2023

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Answered Questions

How is B.Sc Economics at NMIMS Mumbai?

Pooja Johar

Are there any placements at DU for B.Sc students?

Aruna Kakkar

I'm doing PCME in 11-12th grade with no economics background. Can I pursue economics honours from symbiosis or any other college for undergrad?

Shweta Vashisht

Which is better BSc Economics from NMIMS or BMS from St. Xavier’s?

Nabamita Ghosh

Is a BSc in economics from Gokhale Institute better than that of the Symbiosis School of economics?

Nidhi Verma

I am going to start my B.Sc. Economics Honours from Bethune College of Calcutta University. Can you give me some advice?

Isha Khurana,

What is the criteria for applying for B.Sc. economics in Bethune college?

Sreetama Mukherjee,

Should I join Presidency University, Kolkata for B.Sc. (Hons.) in economics or Amity University, Kolkata for B.Sc Hons in Statistics.

Malini Roy

Which college would be better for BSc Economics - Symbiosis School of Economics or Sarla Anil Modi School of Economics and why?

Kanika Katiyal

Which of these two is better college for studying B. Sc. degree in Economics: NMIMS, Bengaluru or Symbiosis School Of Economics, Pune?

Tia Rungta

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