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

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Sakshi Gupta

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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.

Top Colleges for Bachelor of Science [B.Sc] {Hons.} (Economics)

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?

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.: 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.: 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.

The eligibility criteria’s mentioned above are common to most of the universities and colleges across the country that are offering this course to the students.

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.: 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.: 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: 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

Bachelor of Science [B.Sc] {Hons.} (Economics) : 10 answered questions

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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
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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
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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
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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
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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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Bachelor of Science [B.Sc] {Hons.} (Economics) Fee Structure in India


1.43 K (Minimum Fee)PUBLIC COLLEGES2.58 L  (Maximum Fee)
21.19 K (Average Fee)
5.76 K (Minimum Fee)Private COLLEGES12.60 L (Maximum Fee)
2 L (Average Fee)

Bachelor of Science [B.Sc] {Hons.} (Economics) Fee Structure By state


West Bengal

1.43 KPUBLIC COLLEGES2.58 L
17.46 K
5.76 KPrivate COLLEGES3.51 L
67.02 K

Punjab

18.10 KPUBLIC COLLEGES50.80 K
34.45 K
1.40 LPrivate COLLEGES2.44 L
1.99 L

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Symbiosis School of Economics - [SSE] (19)
Bethune College (13)
Lovely Professional University - [LPU] (8)
Gokhale Memorial Girls' College (6)
Asutosh College (5)
Maulana Azad College - [MAC] (3)
Basanti Devi College (2)
Dinabandhu Andrews College - [DAC] (2)
Maharaja Manindra Chandra College (2)
Scottish Church College (2)
Dinabandhu Institution (2)
The Bhawanipur Education Society College - [BESC] (2)
Presidency University (2)
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88 Reviews found out of 177274


S
8.0 /10

Placement Experience :

Companies like TCS, wipro, Deloitte, BYJUS, etc have visited over the years an about 70% students gets placed.The overall placement is good with majority placements in the BTECH.In my department, the placement is farely good with jobs offered to most of the final year masters students.Alumni networking is goodEntrepreneur cell in the college is notably good and is very helpful

College Events :

Events are held very frequently The events are mainly inter college as well as intra collegeEveryone gets an opportunity to participate in whatever event they likeThere's an annual fest called Amiphoria which happens over a span of 3 days with variety of extra curricular activities

Course Curriculum Overview :

Course syllabus is vast and is excellentFaculties do the utmost to teach us and help us in every possible way Industrial exposure is goodSeminars are frequently held for extra knowledge All the faculties are extremely good The HOI is very generous and is always there for help

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A
8.3 /10

Admission :

The students those who want to get the admission have to fill separate registration forms for both General and Honors or for any one. The students have to wait for the result in the provisional merit list. Fees will be submitted after the verification of documents and the final merit list. Verification of all the testimonials and other documents will be conducted in the college campus.

Campus Life :

Since BZSM College is the college only for the girls private college, it ensures the valuable security for its students. The college has two NSS wings for the students to develop their personalities through serving the community. They also conduct co-curricular activities like debate, music and quiz competition etc. every year.

Course Curriculum Overview :

Geography, Political Science, Bengali, Sanskrit, History, English, Economics, Philosophy, Music, and Education are the groups in B.A and Mathematics and Economics at present. Physics and Chemistry (Proposed) in B.Sc. The 5 subjects Bengali, English, Geography, History, Music are offered in M.A in Distance Education.

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S
9.0 /10

Remarks :

Presidency University is highly reputed for the Economics Department for their notable alumnis including two nobel laureates in the field of Economics. As an economics aspirant, Presidency University is the best university to purse Economics in. Presidency University, Department of Economics hold a Summer School in Economics where notable alumnis and Professors from various reputed universities abroad come together for a conference. The department also holds a winter conference every year. Oikos, the economic society also brings in notable professors from other reputed universities for lectures addressing recent issues, organises debates on interesting agendas, interdepartmental quiz competitions and essay competitions.

Campus Life :

There are facilities for most games like Table tennis, badminton, carrom and outdoor games like cricket, football, basketball and others. Interdepartmental matches are held. Every department has WiFi facilities for each student separately which they receive on their first day of admission. Each department has its own library and there's another central Library which has books of all subjects and another Arts library for courses on Arts. Labs are fully equipped and each department has their own labs.

Course Curriculum Overview :

Course syllabus is pretty much smooth and updated. Industrial exposure isn't enough. Faculty is very helpful and concerned. The teaching methods are very up to date and commands rapt attention and it very much helps the students to understand.

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Bachelor of Science [B.Sc] {Hons.} (Economics) Colleges IN INDIA

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Presidency University
Kolkata, West Bengal
UGC
2.13 K first year fees
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2.43 L Total fees
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95.2 K first year fees
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Scottish Church College
Kolkata, West Bengal
20.25 K first year fees
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Xavier University - [XUB]
Bhubaneswar, Orissa
CRISIL
1.52 L first year fees
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Bethune College
Kolkata, West Bengal
UGC
1.37 K first year fees
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Loreto College
Kolkata, West Bengal
UGC
22.64 K first year fees
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16.06 K first year fees
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