BSc Economics Vs BSc Finance - Which Is Better?

Confused about which is better, BSc Economics or BSc Finance? Here's something to help you make the right decision. Economics and finance are connected but distinct academic fields. BSc Economics guides students in the basics of national and international economies, while BSc Finance covers accounting, investments, risk management, and financial valuation. Both fields lead to lucrative careers in high-paying industries. Economics generally studies regional or international markets, consumer behaviour, products and services, etc., while finance focuses on financial systems, including banks, loans, investments, and savings.

This article will give a thorough overview of BSc Economics Vs BSc Finance. 

Table Of Contents

• Key Highlights
• Overview
• Eligibility And Admission Process
• Top Entrance Exams
• Curriculum
• Scope And Opportunities
• Salary
• Top Colleges
• Which One To Choose?

BSc Economics vs BSc Finance - Key Highlights

A course in finance and economics is the go-to career choice for commerce students. The two courses may sound a little similar catering to the fact that they both deal in financial markets and economy, however, there lies more than just one difference between the two. Below is an overview of the two courses:

BSc Economics Vs BSc Finance

Basis	BSc Economics	BSc Finance
Full-Form	Bachelors of Science (Economics)	Bachelors of Science (Finance)
Duration	3 Years	3 Years
Eligibility	10+2 pass with a minimum 50% in a recognised examination board	10+2 pass with a minimum 60% in a recognised examination board
Entrance Exam	SET, GIPE, NPAT	NPAT
Course Fees	INR 2 Lakhs to 3 Lakhs	INR 0.5 Lakhs - 1.25 Lakhs
Average Salary	INR 3 Lakhs to 14 Lakhs	INR 2 Lakhs to 6 Lakhs

BSc Economics vs BSc Finance - Overview

B.Sc Economics is a full-time 3-year undergraduate course that covers mathematics and statistical theory relevant to economics.BSc Economics teaches about economic development and how students can implement it in conservation, consumption of goods and services, and market equilibrium. B.Sc Economics graduates in India can find work as data analysts, credit managers, research analysts, senior analysts, and data scientists.

Read More: B.Sc Economics

B.Sc. Finance is a three-year undergraduate curriculum that specializes in the study of finance and economics. Students interested in accounting, financial management, investment banking, consulting, or any other financial sector can benefit significantly from this course. This course also provides many options for jobs in the banking, corporate, and finance sectors.

Read More: B.Sc. Finance

BSc Economics vs BSc Finance - Eligibility And Admission Process

Admission into either of these courses is not this simple. Every year, a huge number of candidates apply for a seat in the finest of colleges providing education in these two streams. Almost all the universities and institutes offering a course in BSc Economics or BSc Finance intake candidates based on their entrance examination scores. The eligibility criteria of each are given below -

BSc Economics Eligibility

• For entry into the Bachelor's of Science (Economics) degree programme, in a reputable university, a candidate must mandatorily have a minimum of 50 per cent in class XII or any other equivalent exam.
• While the majority of the universities select the candidates based on their marks achieved in entrance exams like SET, GIPE, NPAT, etc.,
• If a candidate has scored exceptionally well in class XII, he/she may get shortlisted in the merit list with a direct interview call from the university.

BSc Finance Eligibility

• the candidates must have completed their class 12 degree with mathematics or statistics as one of their compulsory subjects. The minimum marks required in such an exam is 60% marks, that too from a recognised board.
• The admission process in BSc Finance courses is usually based on performances in national or state level entrance exams such as NPAT.
• Universities conduct a personal interview round for all the candidates who cross the minimum cut-off decided by the authorities.
• These universities require the candidates to be less than 25 years of age.

BSc Economics vs BSc Finance - Top Entrance Exams

Some of the best colleges that offer B.Sc. Finance or B.Sc. Economics degrees require applicants to take an entrance exam. Colleges can evaluate and eliminate applicants with the help of entrance exam merit scores. The following are some of the most popular entrance exams held in India:

BSc Economics vs BSc Finance Top Entrance Exams

BSc Economics Top Entrance Exams	BSc Finance Top Entrance Exams
DUET	NPAT
JNUEE	BHU UET
JMI EEE	IPU CET
BHU UET	UPSEE
CUET	TS EAMCET

BSc Economics vs BSc Finance - Curriculum

The institutes and colleges offering BSc Economics and BSc Finance, provide a platform for the students to get comprehensive knowledge about the respective subjects and field through an amalgamation of theory and practical aspects of BSc Economics and BSc Finance. The curriculum and learning are filled with in-depth training and understanding through research and case studies along with a practical approach to the subjects to gain expertise.

Both, BSc Economics and BSc Finance provide the students with a semester wise learning process that is planned to cover different aspects of the course effectively and efficiently. Some of the subjects covered during the semesters are:

BSc Economics Key Subjects

The Core subjects for a B.sc Economics are as follows. Take a look.

• Indian Economy
• Statistics for Economics
• Foundation of Mathematics
• Law and Economics Theory
• Liberal Arts
• Law and Economics Theory
• Development of Economics
• IT Applications in Economics
• International Relations
• Environmental Economics

Read More: BSc Economics Syllabus and Subjects

BSc Finance Key Subjects

For a B.Sc. Finance, the required subjects are as follows. Check it out.

• Business Accounting and Analysis
• Corporate Communications
• Debt Markets
• Financial Modelling
• Business Analytics
• Banking and Insurance
• Financial Planning and Wealth Management
• Direct & Indirect Tax
• Portfolio Management
• International Finance

Read More: BSc Finance Syllabus and Subjects

BSc Economics vs BSc Finance - Scope And Opportunities

With the advancement in the economy and the increase of risk in the financial and capital market, the demand for specialised Economics and Finance professionals is prevalent in the corporate market. Working in the financial and economic sector of a country brings you exposure to the real- deal about the nation and its people. One gets a plethora of opportunities, from private to public and from big to small corporate firms, a person proficient in finance and economics is valued everywhere.

A graduate in BSc Economics and BSc Finance is eligible to receive job offers from sectors like - banking, financial services, stock markets, and consulting firms from both private and public areas of employment. A few of the prominent job profiles offered to these graduates are:

BSc Economics Vs BSc Finance Job Roles

BSc Economics Job Profiles	BSc Finance Job Profiles
Research Analyst	Investment Banker
Teacher	Accountant
Data Analyst	Actuarial Officer
Financial Risk Analyst	Investor Relations Associate
Economist	Financial Advisor

Read More: BSc Economics Jobs and Scope & BSc Finance Jobs and Scope

BSc Economics vs BSc Finance - Salary

Money is an important aspect of deciding admission into a college for medical studies 3 years in one course is a big investment of time as well as capital. Students often take education loan to pursue these courses from top universities of the country. Some of the compensations paid to the BSc Economics vs BSc Finance graduates after completion of the courses are listed below:

BSc Economics Salary

Look at some famous BSc Economics job roles with average annual salaries below. 

Job Profiles	Average Payscale
Research Analyst	INR 3.8 LPA
Economist	INR 8 LPA
Data Analyst	INR 4.3 LPA
Teacher	INR 4.4 LPA
Financial Risk Analyst	INR 5.2 LPA

Read More: BSc Economics Salary

BSc Finance Salary

Some popular BSc Finance job profiles with average annual salaries are listed below. 

Job Profiles	Average Payscale
Investment Banker	INR 9.4 LPA
Accountant	INR 3 LPA
Actuarial Analyst	INR 5.9 LPA
Investor Relations Associate	INR 7.5 LPA
Finance Advisor	INR 4 LPA

Read More: BSc Finance Salary

BSc Economics vs BSc Finance - Top Colleges

Some of the best universities in our country offer BSc Economics or BSc Finance courses in India. The curriculum of both courses aims to develop student experts in business and the market. While BSc Economics teaches microeconomics and macroeconomics, BSc Finance teaches financial markets, corporate finance, and financial management. The best institutions offering BSc Economics and BSc Finance Courses are mentioned below.

BSc Economics Vs BSc Finance Top Colleges

BSc Economics Top Colleges	BSc Finance Top Colleges
Xavier’s College Mumbai	NMIMS Bangalore
Mount Carmel College	Jain University
Lady Brabourne College	Chandigarh University
Kristu Jayanti College	Lovely Professional University
Xavier’s College Kolkata	NMIMS Mumbai

BSc Economics vs BSc Finance - Which One To Choose?

Two extensive undergraduate courses which allow the candidates to get an in-depth understanding of the economic condition and financial market of the world, demands utmost dedication towards the learnings, commitment to the subjects and the curriculum and passion towards the field of education. BSc in Economics and BSc in Finance both have their distinct nature of learning through theoretical and practical based approach along with benefits of their own. Some of the benefits enjoyed by students pursuing the two courses are:

Ever-growing Economy: For an economy or even organisation to grow, they require the expert advice of economists and financial advisors or experts- as they have in-depth knowledge about the resources and the economy at large.

Salary: A challenging job offers handsome pay. With the growing economy and demand for economists and financial experts, there is a pool of opportunities to grow and develop one's skills which in turn allows the compensation to grow subsequently.

All in all, pursuing a career in economics and finance allows a student to understand the world of finance and investment and related economical surroundings in a detailed approach. This course allows students to earn an extensive career and an exceptional amount of opportunities to grow and develop. It all depends on the students and their personal preferences and interests towards the subjects. Till then, happy exploring!