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Bachelor of Science [B.Sc] Economics (Hons.) Top Colleges, Syllabus, Scope, and Salary 2023

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Sounak Banerjee

Associate Content Manager

B.Sc. Economic Hons. is a three year undergraduate with specialization in Economics and its related aspects. The course is divided into 6 semesters over a period of three years with each year comprising of two semesters.

Some of the popular institutes/universities that offer the course in India are listed below:

The average tuition fee charged for the course in Indian colleges/University ranges between INR 10,000 to 3.5 Lacs and depends upon the nature of college/institute (that is government, state/private/deemed) as well as its location

One can pursue the course after completion of his/her 10+2 or equivalent level education from a recognized state or central board. Candidates who have pursued a diploma or any certification course after class 10th can also make an application for the course provided they fulfill other eligibility criterions.

Admissions to the course involve Common Entrance Test (CET) based selection method as well as merit-based selection criterion that is the percentage of marks obtained at 10+2 or equivalent level by the candidate. Colleges and Institute that provide admissions through CET mechanism rely on the score of All India Level common entrance exams like BHUEE, NET, JNUEE etc while some of them go for a separate entrance exam of their own (like MUET etc).

The course provides knowledge of principles and techniques that are used in the domain of economics. It aims at providing a holistic overview of all the aspects related to the subject. Apart from that, the course covers all the major concepts and terminologies as per the global significance.

Candidates completing the course successfully can expect job offers ranging from INR 12,000 to 15,000 per month. The annual salary in the industry goes beyond this average bracket with enhancement in the skill set and experience of the candidate.

B.Sc. Economic Hons: Course Highlights

B.Sc. Economic Hons: Course Highlights

Course Level Under Graduate
Duration of the Course 3 years
Examination Type Semester-Wise
Eligibility Minimum score of 50% (Relaxable for reserved category students) marks at 10+2 or equivalent level.
Admission Process Entrance exam based/Merit-based
Course Fee Between INR 10,000 to INR 3.5 Lacs
Average Starting Salary INR 12,000 to 15,000
Top Recruiting Companies NTPC, Birla Group, Reliance, Genpact, ICICI bank, Policy Bazaar
Job Positions Macro-economic analyst, Economic advisor, Content developer, Credit and Transaction Management associate, Research associate
B.Sc. Economic Hons.: What is it About?

B.Sc. Economic Hons.: What is it About?

Economics is defined as the study of production, distribution, and consumption of goods and services in a respective economy. As a branch of social science, it deals with the associated principles and techniques that are aimed channelizing effective and economical use of available resources so as to provide maximum output.

The study of economics is crucial in commercial aspects as all the industries and firms that are operating in the market require an economic expert to design their future policies and plans in a manner that are in sync with changing market dynamics.

B.Sc. Economic Hons. course is aimed at providing the analytical and conceptual understanding of the subject to bachelor’s level students so, that they are able to apply this knowledge practically. The course structure and design are such that the students pursuing the course are taught about all the aspects of the subjects in a gradual and progressive manner.    

B.Sc. Economic Hons.: Who Should Opt for?

B.Sc. Economic Hons.: Who Should Opt for?

  • Students who have interest in Economics as a subject.
  • Those who have a career in economic planning and management in mind.
  • Those who have a career in Indian Economic Services in mind.
  • Those aiming at higher studies in the domain can opt for the course.
B.Sc. Economic Hons.: Admission Process

B.Sc. Economic Hons.: Admission Process

Admissions to the course are done through common entrance test based admission process (as seen across various Universities and colleges in the country) as well as merit-based selection process (as seen in a good number of institutes/colleges). 

  • Majority of the Universities/Colleges conduct a common entrance test for admission into B.Sc. courses (like MUET) or take admissions through commonly held entrance exam like NET. Hence students would have to make an application for such exams.
  • Students have to qualify these exams (for which they should be eligible to appear) in order to get admission in the course.
  • After the conduct of the test, a merit list of finally qualified candidates is prepared and candidates are invited for admission process by the respective university or college.
  • After admission process final allotment of seats to the candidate takes place and the candidate is asked to deposit the fee for the course and register for the respective academic year.

Admission process would more or less be same across all the colleges and universities that are offering this course.

B.Sc. Economic Hons.: Eligibility

Candidate must have passed the 10+2 or equivalent examination from a recognized state or central board with at least 50% (relaxable for reserved category candidates) marks.

  • He/She shall not be having any Supplementary or Compartment in any of the subject/Subjects at 10+2 or equivalent level that is yet to be cleared at the time of taking admissions.
  • Apart from the above-mentioned eligibility criteria’s various colleges and institutes may have their own additional criteria’s which the students would have to satisfy in order to take admission.
  • In case of reserved category students, they would have to present their reservation certificates issued by the competent authorities in order to avail the benefits applicable to them.
  • Institutes offering admissions through Common Entrance Test go for scores of JNUEE, BHUEE etc. To get admissions in these institutes candidates would have to qualify the respective entrance exam by securing minimum qualifying marks.
B.Sc. Economic Hons.: Syllabus and Course Description

B.Sc. Economic Hons.: Syllabus and Course Description

B.Sc. Economic Hons. syllabus is divided into 6 semesters spread over a span of three years with End Semester Exams being held after each semester. It is divided into various subjects and practical modules that students are taught during the course of their under graduation. The course covers all the aspects related to Economics so, as to provide a holistic understanding of the subject to the undergraduate students.

The details regarding the syllabus of the course are mentioned below so, as to provide a reference to the candidates.

Semester I Semester II
Introduction to Economics Theory of Consumer Behavior 2
Theory of Consumer Behavior 1 Theory of Firm
Theory of Production Factor Pricing
Cost and Revenue Welfare Economics
Preliminaries Functions
Equations and Graphs Differential Calculus
Matrix algebra Indian Public Finance
System of Equations -
Semester III Semester IV
Planning in India Development Economics
External Sector Consumption Theory
Classical Macroeconomics 1 Investment
The Keynesian System 1 Trade Cycles
Introduction to statistics Economic policy
Central Tendency Classical Macroeconomics 2
Correlation and regression analysis The Keynesian System 2
Semester V Semester VI
Public Finance 1 Capital Market in India
Quantity Theory of Money Money market in India
Commercial Banks Stock Exchange
Value of money and related changes International Economics
Market failures and Externalities Probability distribution
Sustainable development Data analysis and trend forecasting
Population and Environment Public Finance 2
Elementary Probability theory -
B.Sc. Economic Hons: Top Institutes offering the course

B.Sc. Economic Hons: Top Institutes offering the course

B.Sc. Economic Hons. is offered as a course by a good number of colleges across the country to candidates who have passed their 10+2 or equivalent level examination from a recognized state or central board.

Students can take admission in the course through All India Level Entrance Test conducted by certain exam conducting authorities such as JNU, BHU, etc as well as separate exams conducted by respective Colleges/Universities (such as MUET) that are offering this course.

For your reference, we have tabled down a list of various colleges/universities that are offering this course in India.

Institute City Average Fee (Per annum basis)
Ananda Mohan College Kolkata INR 3,960
BHU Varanasi INR 1,489
JNU Delhi INR 360
Delhi University Delhi INR 5,000
Bagnan College Howrah INR 1,555
Barasat Government College Kolkata INR 1,702
Bethune College Kolkata INR 1,371
Bir Bikram Memorial College Agartala INR 4,000
Calcutta girls college Kolkata INR 3,525
Eternal University Sirmaur INR 63,333
B.Sc. Economic Hons: Career Prospects

B.Sc. Economic Hons: Career Prospects

Undergraduates in Economics have plenty of options to choose from in terms of their career. One can choose to work with firms such as Financial accountancy, Research, and development, Management, Content development etc.

Related B.Sc. Economic Hons. courses are:

Read about more Bachelors in Science courses

To provide you a holistic view of the career prospects of the course we have tabled certain areas and the respective roles attached to the same where Economics undergraduates can look for in terms of their career.

Bachelor of Science [B.Sc] {Hons.} (Economics) annual salary
Job Profile Role Average Salary for Fresher’s
Macroeconomic analyst The job involves macroeconomic parameter analysis so as to provide suitable advice to the firm in regards to their policy and promotional strategies. INR 1.8-2.3 Lacs
Economic advisor The job involves market analysis and research on par with economically stipulated standards so as to devise cost-effective policies for the firms. INR 1.9-2.25 Lacs
Content developer The job involves the development of subject related content for websites and as study material for students. INR 1.4-1.83 Lacs
Researcher A researcher is involved in in-depth analysis and study of the subject so, as to come out with solutions to the problems in the domain. INR 1.72-2.2 Lacs
Tutor The job of tutor involves teaching the subject to school level students. For growth in the career, one has to go for higher studies. INR 1.92-2.25 Lacs

Ask your question

Answered Questions

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.

...Show More
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.

...Show More
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.

...Show 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.

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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.

...Show More
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.

...Show More
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.

...Show More
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.

...Show More
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.

...Show More
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.

...Show More

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