Bachelor of Science in Economics or BSc Economics is a full-time undergraduate program of 3 years. Candidates who have passed Class 12 or equivalent in relevant discipline from a recognized board are eligible to apply for this course. Admission to the program will be based on merit, i.e., on the basis of candidate’s marks in class 12 examination. However, there are some colleges that offer admission to this program on the basis of the candidate\’s performance in the entrance examination.
The average annual BSc Economics fees charged in India ranges between INR 50,000 and INR 1,00,000 depending on the college offering the course.
The BSc Economics syllabus provides candidates relevant knowledge regarding economic analysis, fundamentals, and principles of Economics. On completion of this program, candidates will get complete knowledge of how the economic principles are applied in the society, family, government and private sector, business, and science.
After completing this program, students can easily get numerous job opportunities in the field of Banking and Finance sector along with other career options. The average BSc Economics salary package is expected to range from INR 1.5 Lacs to INR 5 Lacs per annum.
| Course Level | Undergraduate |
| Duration of the Course | 3 years |
| Examination Type | Semester System |
| Eligibility | 10+2 in any stream from a recognized board |
| Admission Process | Direct Admission followed by Counselling/ Entrance-based |
| Average Course Fee | INR 50,000 to 1.0 lacs |
| Average Starting Salary | INR 1,50,000 to INR 5,00,000 |
| Top Job Areas | Colleges, Universities, Banking and Finance Sector, Production firms. |
| Top Job Positions | Banker, Financial Advisor, Research Analyst, Subject Matter Expert |
- BSc Economics is a course that helps the students to learn the importance of economic development and the ways it needs to be practiced in various sectors such as the conservative use of natural resources, consumption of goods and services in the best possible way, maintenance of the equilibrium of demand and supply in the market, etc.
- This program offers students the knowledge of micro and macroeconomics which include economics at the individual level for example the determinants of demand and supply of consumers and economics at the national level for example GDP of the country.
- On completion of this program, students will be able to get jobs in various organizations such as Banking and Finance Section and in production firms also.
- B.Sc. Economics program provides students with knowledge and skills which in turn will help them to become a successful financial advisor and reach great heights.
Why study BSc Economics?
There are certain benefits of pursuing a B.Sc. Economics degree program. Some of them are:
- A graduate in Economics can easily get numerous entry-level jobs in Banking, Finance, Insurance, Stock Markets, Sales and Marketing as well as in Corporations such as consulting firms or govt. offices.
- They can also start their career in government enterprises, public sector undertakings, investment firms, newspapers, etc.
- As a general option available to all social science students, economics students can go for jobs in the areas of Journalism, Law, etc.
- Those who wish to pursue higher studies in the field of Economics can also pursue MPhil, PhD in this field, and can easily get a higher position in the public and private sector.
BSc Economics Admission Process
- Admission to BSc Economics program will be based on the merit list prepared by the admission authorities on the basis of marks scored in the Class 12 examination. However, some colleges conduct entrance examinations for admission in B.Sc. Economics program.
- In order to get direct admission in B.Sc. Economics, candidates are required to score high marks in Class 12. Based on marks obtained in Class 12 and a personal interview, candidates will be shortlisted for further admission rounds.
BSc Economics Eligibility Criteria
Students seeking BSc Economics admission are required to follow the minimum eligibility criteria laid down by the admission authority.
- The candidate should have passed class 12 or any other equivalent examination from a recognized board.
- The candidate should have a minimum of 50% marks in class 12th board exams.
A graduate in Economics can easily get numerous entry-level jobs in Banking, Finance, Insurance, Stock Markets, Sales and Marketing and also in corporations such as consulting firms or govt. organizations.
Some of the popular working areas for Economics Graduate in an organization are:
- Educational Institutes
- Banks
- Financing Sector
- Stock Exchanges
- Transformation Centres
Some of the popular professional jobs available to a B.Sc. Economics graduates along with the corresponding salaries are provided in the table given below:
| Job Position | Job Profile | Average Annual Salary |
|---|---|---|
| Teacher | On completion of B.Sc. Economics program, students can go for teaching jobs and teach the concepts of economics to students in school or other educational institutions. | INR 3,25,000 |
| Senior Technical Assistant (Economics) | The job or a Senior Technical Assistant is to analyze, recommend, and coordinate the implementation of plans in order to ensure the smooth functioning of any department or firm. | INR 4,50,000 |
| Research Analyst | A Research Analyst is responsible for doing research, analysis, interpretation, and presentation of data pertaining to markets, operations, finance or accounting, economics, and any other information related to the area they work in. | INR 393,106 |
| Data Entry Operator | Data Entry Operator or DEO is responsible for entering data into distinct computer databases, managing and maintenance of records. | INR 176,934 |