Bachelor of Science (B.Sc.) in Economics and Finance Top Colleges, Syllabus, Scope and Salary

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B.Sc. in Economics and Finance is a three-year full-time undergraduate course. The minimum eligibility for which is that a student should have passed mathematics in his senior school years (class XI and XII).  Admission to the course is based on a candidate’s valid score in a relevant entrance test followed by a Personal interview or counseling. 

Some of the top colleges or institutions that offer B.Sc. in Economics and Finance degree are:

The average course fee charged for B.Sc. in Economics and Finance course in various institutions in India ranges from INR 8,50,000 - INR 21,00,000.

B.Sc. in Economics and Finance is one of the most exciting courses for the students having a knack for knowing how the global economies work. During the curriculum, students gain insights into the course and theory of finance whilst learning the investigation models of finance with respect to large economies.

The graduates of B.Sc. in Economics and Finance degree are offered one-year full time paid internships at international banks like Deutsche Bank and Morgan Stanley. They also secure jobs at various big multinational companies like Accenture and American Express. With the increase in experience and expertise, a student can climb up the ladder of success.

Top Colleges for Bachelor of Science [B.Sc] (Economics and Finance)

B.Sc. in Economics and Finance: Course Highlights

Course Level Undergraduate
Duration of the course 3 Years
Examination Type Semester (Annual in ISBF)
Eligibility Should have studied Mathematics at 10+2 level
Admission Process Exam based (ISBF)
Interview based (Ashoka University etc)
Course Fee INR 8.5 to 21 Lacs
Average Salary INR 5 to 15 Lacs
Top Recruiting Companies Accenture, American Express, Citi Bank
Job Profile Financial Analyst, Corporate Finance, Investment Analyst, Risk Analyst etc.

B.Sc. in Economics and Finance: What is it about?

B.Sc. in Economics and Finance is an interdisciplinary undergraduate program that combines the economics and finance studies to make an individual industry ready. Today’s fast globalizing world witnesses big economies being interconnected to huge financial flows. In such a scenario, a degree that provides wholesome knowledge of finance, as well as economics, is the most exciting undergraduate course that one can pursue.

The students are taught the theories and principles of economics in this program which are then applied to the financial systems and organizations. B.Sc. in Economics and Finance degree aims to enrich a student with the analytical tools of mathematics, statistics, economics, and econometrics along with the applied institutional knowledge of finance. These skills help a person to solve all kinds of problems arising in finance and are of utmost value in the field of management.

B .Sc. in Economics and Finance degree teaches a person to apply the tools and frameworks of financial economics whilst understanding the global economies at stretch makes him future ready to solve real industry or corporate problems of finance and economics.

B.Sc. in Economics and Finance: Top Institutes Table

Name of the Institute Location Average Course Fee
Indian School of Business and Finance New Delhi INR 21,00,000
Ashoka University Sonepat INR 8,50,000
Russell Square International College Mumbai INR 7,50,000

B.Sc. in Economics and Finance: Eligibility 

Candidates willing to take up the B.Sc. in Economics and Finance course need to fulfill the following eligibility criteria:

  • Candidate must have either completed class XII at the time of submitting an application or must be appearing in class XII or equivalent in the same year in which he/she is seeking admission.
  • If the class XII boards result score is available at the time of application, it must be submitted along with the application form in order to make it complete.
  • Candidate must have studied Mathematics in Class XI and XII.

B.Sc. in Economics and Finance: Admission Process

Most of the institutes give admission in B.Sc. in Economics and Finance course based upon a candidate’s score in the relevant entrance test followed by a personal interview round after the Admission Committee of college shortlists them. Candidates are shortlisted on the basis of their Class XII board results.

For instance, Indian School of Business and Finance conducts its own entrance test namely iMET. The students are tested on their basic English and logical skills and their ability to apply mathematical concepts and tools that they learned till class X. Following this is an interview round wherein the candidate is tested for his confidence, attitude, knowledge, and personality.

For the Ashoka University, after the candidates’ applications have been approved by the Admission Committee of the college, they have to appear in Ashoka aptitude test (AAT) followed by an on the spot essay and a personal interview with the panel. In order to secure admission, candidates have to do fairly well in all these.

B.Sc. in Economics and Finance: Syllabus and Course Description

Year 1 Year 2 Year III
Introduction to Economics Microeconomics Quantitative Finance
Mathematics 1 Macroeconomics Monetary Economics
Mathematics 2 Elements of Econometrics Corporate Finance
Statistics 1 Further Mathematics for Economists -
Statistics 2 - -
Principles of Banking and Finance - -
OPTIONAL SUBJECTS: (anyone to be chosen)
Economics of Development
International Political Economics
Mathematical Economics
International Economics

B.Sc. in Economics and Finance: Career Prospects 

After a degree in B.Sc. in Economics and Finance, students can work as Financial Analysts, Economists, Investment Banker, Risk Analysts, Consultants, Finance and Economics Researchers etc. A lot of good companies like Ernst and Young, American Express, Citi Bank, Accenture etc. hire such candidates.

Apart from stepping into the corporate industry, students can also opt for masters programs in various fields such as Economics, Econometrics, Finance, Political Economy, Public Policy, International Affairs/ Relations or a Masters in Business Administration (MBA) degree altogether.

Related B.Sc. in Economics and Finance courses are:

Read about more Bachelor of Science (B.Sc.) courses

B.Sc. Economics and Finance

Job Profile Job Description Average Salary
Financial Analyst Assessing the trends of stocks and another type of investments in order to provide guidance to the businesses as well as individual’s investment decisions. INR 4,00,00- 7,00,000
Investment Banker Helps their clients by raising their capital so as to finance their businesses and help it grow INR 9,00,000
Risk Analysts Analyses the company or firm’s portfolios and international bonds and investments etc. so as to minimize the risk in any decision made by the firm INR 5,00,000- 7,00,000
Consultant Aids the client as well as the firm by giving them an objective opinion backed by a functional expertise. INR 8,00,000
Economist Carefully studies the way resources are used and the costs and benefits involved in utilization of these resources INR 7,00,000

Bachelor of Science [B.Sc] (Economics and Finance) : 10 answered questions


Ques. How is B.Sc Economics at NMIMS Mumbai?

● Top Answer By Janvi Bhambri on 29 Jun 21

Ans. 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.Read more
1 Answer

Ques. 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?

● Top Answer By Sandip Pal on 27 Jun 21

Ans. 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.Read more
1 Answer

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

● Top Answer By Deepika Kunwar on 20 Jan 21

Ans. 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.Read more
1 Answer

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

● Top Answer By Karishma Khatri on 21 Oct 20

Ans. 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.Read more
1 Answer

Ques. Which is better BS Economics at IISER Bhopal, BTech Chemical Engineering at IIPE Vizag or BTECH Mechanical at IIITDM Jabalpur. I would prefer an interdisciplinary course.

● Top Answer By Akankshya Pattanaik on 14 Oct 20

Ans. Since we are looking at different streams of study, the curriculum that covers an interdisciplinary course would be Chemical Engineering at IIPE Vizag considering the entire curriculum has been designed by IIT Kharagpur. IISER Bhopal is known for its multidisciplinary structure and the economics program offers students with open electives to specialize in. The Mechanical Engineering program at IIITDM Jabalpur offers some of the best placements in the country and allows students to get a research-based educational experience. Based on some important factors, let us have a look at the difference between the programs and given institutions: Ranking: IISER Bhopal has been ranked at 28 by NIRF in 2018 and has been declared as an institute of National Importance by the Government of India. IIPE Vizag has a ranking of 22 within Institutes for Oil and Petroleum in India and observes IIT Kharagpur as its mentor institute. IIITDM Jabalpur observes a ranking of 65 for Engineering by JEE Cutoff in 2019. Admissions: Particulars IISER Bhopal IIPE Vizag IIITDM Jabalpur Course BS in Economics Sciences Chemical Engineering Mechanical Engineering Eligibility 10+2 with science stream and mandatory subject in Mathematics Minimum 75% score in 10+2 Minimum 75% with mandatory PCM/Biology/Bio-tech Qualifying Exams IISER, KVPY, JEE Advanced JEE Advanced JEE Mains Total seats 50 60 125 Fees 3.15 L 3.21 L 5.29 L Infrastructure: IISER Bhopal: Being a government-funded institute, IISER Bhopal has great infrastructure and is technologically inclined with the most updated software in practical labs for students to use. High-speed internet is available all throughout the campus and students are encouraged to use e-learning facilities available in their well-equipped smart classrooms. IIPE Vizag: The campus has been newly built with modern technology and offers a huge library with over 30,000 books which include e-books and journals. The institute facilitates practical labs by Andhra University and is also a pipeline for IIPE upgradation. The campus area is comparatively smaller but offers great facilities for students. IIITDM Jabalpur: The campus at IIITDM Jabalpur has two hostels and a residence hall along with multiple practical labs such as an Advanced manufacturing lab, biometric lab, computational lab, an open-air theatre, conference halls, smart classrooms, and a well-stocked library. It also has great LAN facilities that are functional in the hostels as well as on-campus. Faculty: IISER Bhopal: The faculty members are excellent and the majority of them are frontline researchers of India. IIPE Vizag: The faculty employed are all alumni members of prestigious institutions such as IIT and IIM and therefore are highly skilled in teaching, with their supreme academic expertise in the field of oil and petroleum. IIITDM Jabalpur: The teachers are IIITDM Jabalpur are extremely helpful and research-oriented in terms of their teaching methodology. Placements: Particulars IISER Bhopal IIPE Vizag IIITDM Jabalpur Course BS in Economic sciences Chemical Engineering Mechanical Engineering Placement Rate 85% 70% 90% Highest CTC 11 LPA 14 LPA 17 LPA Average CTC 7.2 LPA 8 LPA 7.5 LPA Top recruiters ICDSC, ISRO, BARC ONGC, Sun recruiting Amazon, Bhel, Canon Based on the given factors, students can make well-informed decisions regarding their preferred course and institution.Read more
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RIMT  University
Gobindgarh, Punjab
52 K first year fees