Bachelor of Science (B.Sc.) in Economics and Finance Top Colleges, Syllabus, Scope and Salary 2024

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Waqar Niyazi

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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. 

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 NA
Statistics 2 NA NA
Principles of Banking and Finance NA NA
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) : 16 answered questions

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Ques. What should I choose: IIT Kharagpur economics, IIT Bhubaneswar electrical, IIT Mandi electrical, IIT Guwahati civil, IIT BHU civil or something else?

● Top Answer By Kalyan Sahu on 05 Jul 23

Ans. These are very different choices and you should first make up your mind on the choice of stream. Here is the relevant information on each stream from the different institutions: Economics at IIT Kharagpur: It offers a BS (Bachelor of Science) in Economics. It is a 4 year full-time on-campus program. The course fee for the first year is INR 2.24 Lakhs, while for the next three years, it is INR 2.17 Lakhs each year. During IIT Kharagpur placements 2023, the Highest Salary reached INR 2.68 CPA. B.Tech Electrical at IIT Bhubaneswar: It is a 4 year full-time on-campus degree offered at IIT Bhubaneswar. The course fee for Electrical at IIT Bhubaneswar is INR 2.74 Lakhs in the first year and INR 2.68 Lakhs each for the next three years. In the 2023 placements, up till the present date, the highest package offered to the Electrical Branch is INR 44.62 LPA and the average package offered is INR 19.05 LPA. The placement percentage for the electrical branch stands at 85.25%. IIT Mandi Electrical: The four-year electrical at IIT Mandi has a course fee of INR 2.85 Lakhs in the first year and INR 2.63 Lakhs each in the remaining three years. Hostel fee is around INR 7500. In the year 2022, 47 out of the 48 eligible students from the Electrical branch were placed. The total number of placement offers received by the Electrical branch was 62. In the year 2023, the highest salary offered at IIT Mandi placements was INR 60 LPA and the average salary was INR 25.23 LPA. IIT Guwahati Civil & IIT BHU Civil: Civil Engineering at IIT Guwahati is a 4 year full-time on-campus program. The course fee for the same is INR 2.57 Lakhs in the first year and INR 2.12 Lakhs in the next three years. During the 2023 placements at IIT Guwahati, the highest domestic salary reached INR 1.1 CPA, while the highest international salary was INR 2.4 CPA. The top recruiters were American Express, Qualcomm, JP Morgan, and C-DoT, among others. IIT BHU Civil Engineering is a 4-year full-time on-campus degree. The course fee for the first year is INR 2.28 Lakhs, while for the next three years, it is INR 2.13 Lakhs each. During the 2023 placements, the placement percentage for the Civil Engineering branch was 76.98%. The median package was INR 15.75 LPA and the Average Package was INR 19.09 LPA. All the above institutions carry the prestigious IIT tag but to compare all of them that too using different courses is quite difficult. You must first choose the course that you wish to pursue and then decide which of these institutions best fulfills all your goals.  You can use the above statistics for course fees and placements to get a rough idea of each.Read more
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Ques. I got accepted for a BSc in economics and a BA in economics at Gokhale and Madras School of economics respectively. Which one would be a better option?

● Top Answer By Bidita Ghose on 19 Jun 23

Ans. Congratulations on your acceptance! Both the Gokhale Institute of Politics and Economics and the Madras School of Economics are well-regarded institutions for economics education in India. Ultimately, the decision depends on your personal preferences and career goals. Below is a table showing and comparing the two colleges and the courses in a table; Aspect BSc Economics at Gokhale Institute of Politics and Economics BA Economics at Madras School of Economics Curriculum Core economics courses with mathematics, statistics, and programming courses Core economics courses with mathematics and statistics courses Campus Life Located in Pune, Maharashtra with a green campus and well-equipped facilities Located in Chennai, Tamil Nadu with a modern campus and state-of-the-art facilities Extracurricular Activities Active student clubs and events organized by the Student Council Active student clubs and events organized by the Students' Association Fees INR 3.81 lakhs INR 3.0 lakhs Admission Criteria Merit-based admission with eligibility criteria based on 12th-standard marks Merit-based admission with eligibility criteria based on 12th-standard marks Ultimately it depends on your goals and preferences, so choose wisely. Hope it helps, All the best!Read more
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Ques. What should I choose, a BSc EMS from Mount Carmel, Bangalore or a B.Sc in economics from NMIMS, Mumbai?

● Top Answer By Advait Joshi on 04 Jun 23

Ans. Your job ambitions and personal interests determine whether you should study EMS at Mount Carmel Bangalore or Economics at NMIMS Mumbai. BSc EMS programme emphasises environmental management, sustainability, and conservation. This programme teaches students how to manage and reduce human impacts on the environment. A BSc in Economics studies the economy, including production, distribution, and consumption of products and services. This programme gives students a solid economics foundation and analytical abilities they can use in finance, business, government, and academia. BSc EMS from Mount Carmel Bangalore may be excellent for environmental careers. A BSc in Economics from NMIMS Mumbai may be preferable for economics, finance, or business careers.Read more
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Ques. How is the BSc Economics program at NMIMS Bangalore? I’m on the waitlist for the Mumbai campus so I want to know if I should consider Bangalore or wait for the list for Mumbai to come out.

● Top Answer By Anita Malhotra on 23 May 23

Ans. NMIMS Bangalore BSc Economics program has unique course content and innovative pedagogy. It helps in developing an individual to seamlessly integrate into an organization or to be an entrepreneur. The linkages of different quantitative methods have led NMIMS to set up a School of Economics. Mumbai is the financial capital of India and taking a shot at the admission waitlist will be worth waiting because if you get into the Mumbai campus, the level of exposure you will get will not be at par with any other city in India. If your waiting list number is beyond the acceptable limit then you should consider the Bangalore campus as well.Read more
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Ques. Which is a better choice- Ashoka University B.Sc Economics and Finance or NMIMS Mumbai BSc Finance?

● Top Answer By Anuraag Das on 29 Apr 23

Ans. Ashoka University and NMIMS Mumbai have excellent economics and finance programs. Before choosing, evaluate the differences between the two. Ashoka University is a young institution known for its creative and multidisciplinary curriculum. Its BSc Economics and Finance program teaches students economic theory, financial markets, and quantitative and analytical abilities. The program emphasizes critical thinking, communication, and problem-solving, which are useful in many occupations. However, NMIMS Mumbai has long offered undergraduate finance programs. Its BSc Finance program teaches students about financial markets, investment analysis, and corporate finance, as well as how to flourish in these disciplines. Internships and industry projects emphasize experiential learning. Ashoka University or NMIMS Mumbai depends on your job goals and preferences. Ashoka University offers a more multidisciplinary and innovative education. NMIMS Mumbai is great for practical skills and industrial exposure.  NMIMS B.Sc Finance could be better for the following reasons: Older Institutions than Ashoka Great Placements because of being in the Financial capital of India Better Return on InvestmentRead more
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Ques. Where should I get Economics Honor, Jadavpur University in Kolkata or Symbiosis School of Economics?

● Top Answer By Niraj Shah on 01 Apr 23

Ans. If you are unsure about which college to choose for your higher education, it is important to consider what you want to achieve in the future. If you are looking to secure a job soon after graduation, then Symbiosis School of Economics may be the better option for you. The college has a strong reputation for its placement opportunities, with a dedicated placement cell that works towards providing job opportunities to its students. Symbiosis School of Economics grooms its students to make them the perfect hire for big-shot companies, ensuring that they are well-prepared for the job market. On the other hand, if your goal is to pursue a career in academia, then Jadavpur University (JU) may be the better choice for you. While JU does offer some placement opportunities to its students, the focus is more on academic studies. Jadavpur University students tend to go on to pursue master's and even doctorates and are less inclined to just graduate and get a job. While Symbiosis School of Economics and Jadavpur University have their respective strengths, the choice ultimately depends on your personal goals and preferences. If you are looking for a college that can provide you with strong placement opportunities, then Symbiosis School of Economics may be the better option for you. However, if you are looking to pursue a career in academia and value academic excellence, then JU may be the better choice.Read more
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Ques. Are there any placements at DU for B.Sc students?

● Top Answer By Aruna Kakkar on 10 Oct 22

Ans. When a 12th-grade student enrols in a prestigious Delhi university, he or she has many hopes for placement and compensation. However, only 1% of students are placed in the top colleges. B.Sc. is solely academic in nature. You should never have unrealistic expectations of receiving gleaming packages after completing your B.Sc. To get a job in this field, you will need to further your education. The main advantage of studying at DU is the exposure you will receive. It will aid in your personal development.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 Nidhi Verma on 24 Dec 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. What is the criteria for applying for B.Sc. economics in Bethune college?

● Top Answer By Sreetama Mukherjee, on 18 Nov 21

Ans. There are no particular criteria to apply for Economics at Bethune College. Any 12th passed student can apply for the course. They mainly consider the aggregate marks of your best 3 or 4 subjects. The selection is completely merit-based. Just keep an eye on the website during the admission period, which is usually June or July. Look out for admission notifications. Once the online admission portal is open, fill out the admission form with the required details.  You have to choose 2 General Elective (GE) subjects apart from your major. These subjects will be for the first 2 years.  With Economics Honours, students usually take Statistics and Mathematics for the GE subjects. You will have to scan and upload a few documents like your identity proof (Aadhar card/voter card/pan card/driver’s license/passport) or your admit card for class 10 boards and your class 12 boards marksheet. As the entire admission process is now conducted online, you also need to pay the fee for the application online.Read more
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Ques. I am going to start my B.Sc. Economics Honours from Bethune College of Calcutta University. Can you give me some advice?

● Top Answer By Isha Khurana, on 18 Nov 21

Ans. Bethune College is one of the renowned colleges in West Bengal. As you have opted for B.Sc Economics One of my friends also studied at Bethune College, so I might be able to provide some tips about this: Buy a last 5-year question or CBCS system previous year’s question as soon as possible.  Calcutta University tends to give the same question in an odd-even-year system. Solve those papers and prepare accordingly as 60% of the questions will be similar. Make sure you utilize the profit of the online exam system. You can score 15-20% extra than offline exams.  After the regular college classes if you need extra guidance to go for a coaching centre suggested by your seniors. Keep in touch with your seniors frequently, as they can guide you through a lot of things. Lastly, as Bethune is a very strict college, try to enjoy your college life, maintain a good relationship with your teachers and work hard and study well to make a successful career.Read more
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