B.Sc Economics: Course Details, Eligibility, Fees, Admission

GMU

Updated on - Aug 21, 2023

B.Sc Economics is a full-time 3-year undergraduate course that deals with the study of mathematics and statistical theory related to economics, created for the aspirants keen to take advantage of mathematics to better understand the world today. Validate degree of B.Sc Economics in India for the graduated aspirants can secure job opportunities in sectors related to a data analyst, credit manager, research analyst, senior analyst, and data scientist.

About B.Sc Economics

According to Wikipedia, "Economics is an arm of knowledge concerned with the production, consumption, and transfer of wealth." The program is for 3-year for the aspirants who are willing to pursue this course. Subjects related to this course are legal studies, money and banking, global finance, economic history, international trade, collective decisions. B.Sc Economics has a diverse job scope and a rewarding career.

Few job profiles for B.Sc Economics aspirants who willing to take up the maths stream are:

• Medical Professionals 
• Data Scientist 
• Machine Learning Experts
• Blockchain Developer
• Full-Stack Software Developer
• Product Management 
• Management Consultant 
• Investment Banker

Eligibility Criteria for B.Sc Economics

Admission for the B.Sc Economics course requires the aspirants to complete class 10+2 from any recognized school board with a minimum of 50 - 55% aggregate marks for qualifying for the entrance examinations. 17 - 23 years of age is required. Subjects necessary are mathematics, English, and science.

How to get Admission for B.Sc Economics?

Admission procedure for the B.Sc Economics course is done in dual-mode one can apply through merit basis and the second method is the entrance examinations. Eligibility criteria for the aspirants keen to get into B.Sc Economics must secure excellent marks in the entrance exams organized by the institute and the college. The course falls under the umbrella of B.Sc and henceforth has a similar admission process. Both methods are discussed below briefly:

How to Apply?

The method to apply for the B.Sc Economics college is very simple either visiting the official college website and applying for admission by submitting all legal documents and file online or visiting the college and submitting the required legal document personally to the school authority.

Selection Process

After the clearance of the B.Sc Economics eligibility test and ongoing selection process, the final list of aspirants is selected for the course.

Read More on B.Sc Admission

Popular Entrance Exams for B.Sc Economics

The entrance examination for the 4-year duration of the B.Sc Economics course is given below:

• DUET
• JNUEE
• JMI EEE
• CUET

A Quick Glance at the B.Sc Economics Entrance Exams

B.Sc Economics eligibility criteria for the aspirants keen to apply to the college or the institute for the related course are mentioned in brief below:

• Related questions for the major subjects from mathematics are a must.
• The exam may ask the objective-type question as well.
• The examination would either be scheduled in the format of online or the common method offline. Aspirants are requested to be prepared for either of them.
• The standards of the question will be of distinction level.

Top 10 B.Sc Economics Colleges in India

These educational institutes offer the best of learning knowledge to the aspirants who are keen on achieving an undergraduate degree from the best university and college in B.Sc Economics in India. 

Listed below are of top B.Sc Economics colleges in India:

Fee Structure for B.Sc Economics

These educational institutes offer the best of learning knowledge to the aspirants who are keen on achieving an undergraduate degree from the best university and college in B.Sc Economics in India. 

Listed below are of top B.Sc Economics colleges in India:

Syllabus and Subjects for B.Sc Economics

The B.Sc Economics subjects and syllabus are mostly related to the elementary in mathematics and economics. The aspirants pursuing the course need to have basic knowledge in mathematics and commerce.

Mentioned below are the major subjects related to B.Sc Economics:

• Microeconomics
• Elementary Mathematics for Economics
• The Monetary System
• Mathematical Applications in Economics

Read more about B.Sc Economics Subjects and Syllabus

Why Choose B.Sc Economics?

To answer "why choose B.Sc Economics," we must know what is B.Sc in Economics graduates aspirants have job opportunities in fields like accounting, banking, finance, sales, stock market, and many government sectors from national and international institutes globally.

Mentioned below are a few breaks of the brief question

What is B.Sc Economics all about?

B.Sc Economics is a 3-year undergraduate course that focuses on the program mostly related to mathematics and economics elementary. B.Sc Economics subjects include legal studies, money and banking, global finance, economic history, international trade, and collective decisions. B.Sc Economics jobs scope encourages the aspirant to fully get involved in the career of financial sectors and help themselves achieve their goal successfully.

What Does an Economist Do?

With the B.Sc Economics degree, aspirants study the idea to use the resources present in the society like raw materials, land, labor, and instruments required to produce goods and services. Most economists research, collect and analyze data, and develop society and country.

Now let us dive in brief into its functions:

Research and Development: Economists find different methods to analyze mathematics and economic objects.

Designing Product: Working on the economic solution, the economists design the methods that can be useful by many other institutes to make the task easy.

System Management: The involvement of basic skill and experience required for the aspirant to become a successful economist.

Marketing: The Economist researched and developed study products ready to be shared globally to understand the course better.

Reasons Why B.Sc Economics Can Fetch You a Rewarding Career?

Demand: Ever since trade started in the earliest generation period, the Economist's job has always been on demand from the government authority to support the backbone of any country by trading internationally. Things haven't changed a bit in the trade; still, economists are very high in demand with very high receiving salaries.

Decent Salary and Job growth: With the growth in job salary of the aspirants grows simultaneously, the companies offering jobs are pleased to offer the salary based on experience and the skill sets. According to payscale, the aspirants get INR 2.3 - 4 LPA for the freshers, and the experience gets INR 4 - 20 LPA.

Read More about B.Sc Economics Jobs

Preparation Tips for B.Sc Economics

These preparation tips are designed by experienced Economists and are to be followed accordingly:

Know the Syllabus: The knowledge of the upcoming syllabus is very necessary.

Make Plan: Students must execute the preparation properly to get good marks in the examination.

Strengthen your Fundamentals: Depending on the course-related subjects must be prepared from the beginning, like mathematics and economics.

Scope For Higher Education

B.Sc Economics Scope for higher education is plenty in these career fields like senior business analyst, data scientist, business analyst, analytics consultant, research analyst, data analyst, marketing manager, and financial analyst.

Mentioned are a few higher scope of B.Sc Economics:

• M.Sc (Hons) in Economics
• M.Sc in Financial Economics and Administration 
• M.Sc in Applied Econometrics
• M.Sc Quantitative Economics
• M.Com in Rural Economics
• M.A in Quantitative Economics

Salary of a B.Sc Economics

According to payscale, salary after B.Sc Economics in India for the aspirants gets INR 2.3 - 4 LPA for the freshers, and the experience gets INR 4 - 20 LPA.

From The Times of India, the average salary of the B.Sc Economics aspirants gets INR 5 - 20 LPA depending upon the experience and skillsets.

Read More about B.Sc Economics Salary

Career Options After B.Sc Economics

The graduated aspirants can choose their career option accordingly compared as to their experience and skills, 

The private sectors related jobs are as follows:

• Sole proprietorships
• Partnerships
• Small and mid-sized business
• Large corporations and Multinationals
• Professional and Trade Associations
• Trade Unions

Mentioned below are related public sectors:

• SEBI
• Military 
• International Trade
• Public Transit 
• Public Education
• Government College 
• School
• ISRO

Skills That Make You The Best Economist

The skills that make the best economists are the ability and curiosity to learn, most Economist teaches the techniques are mentioned below on the list how to improve skill:

• Analytical Skills
• Communication Skills
• Critical- thinking Skills
• Detail Oriented
• Math Skills
• Writing Skills

Check other important B.Sc Courses

Top B.Sc Economics Colleges

IIT Bombay

Mumbai,Maharashtra

IIT Kanpur

Kanpur,Uttar Pradesh

IIT Kharagpur

Kharagpur,West Bengal

NMIMS Mumbai

Mumbai,Maharashtra

Christ University

Bangalore,Karnataka

Sister Nivedita University

Kolkata,West Bengal

KJC

Bangalore,Karnataka

MIT-WPU

Pune,Maharashtra

VIEW ALL

Top Science Entrance Exams

IMUCET

• Eligibility Criteria
• Syllabus

NEST

• Eligibility Criteria
• Syllabus

IIT JAM

Result Date: Mar 22, 2024

• Eligibility Criteria
• Syllabus

IISER Exam

• Eligibility Criteria
• Syllabus

IELTS

• Eligibility Criteria
• Syllabus

TOEFL

• Eligibility Criteria
• Syllabus

PTE

• Eligibility Criteria
• Syllabus

JEST

• Eligibility Criteria
• Syllabus

VIEW ALL

B.Sc Economics Fee Structure

See Various B.Sc Economics Colleges in India