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Bachelor of Science [B.Sc] (Economics): Jobs, Scope, Career, Govt. Jobs, Salary 2023

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After completing this course successfully, candidates can seek employment almost in every sector and in every field of work whether it is government sector or private sector. The most popular field of work can be banking, finance, teaching, media and retail. There are a few job profiles for which candidates can start their career:

Job Profiles

Job Description

Research Analyst- Macro Economics

Responsible for conducting survey and analyze  economic issues

Manager-Economics Modelling

Forecast and interpret market trends for future growth planning.

Budget analyst

Prepare budgets plans and execute them at right stage.

Economic Affairs specialist

Responsible for preparing social and economic data bases and handle development issues and challenges.

Economics-Lecturer

Provides knowledge of economics as a whole in colleges and institutes.

Check B.Sc Syllabus

Alternative career option after this course

In case if candidates do not have interest in pursuing further studies after this course then they can also start their own business in which they have interest such as consultancy business, retail marketing, information agency for news channels, online marketing and institute etc. Bachelor Degree in Economics has lots of career option for the deserving candidates.

Top recruiters in this sector

Following are some top recruiters for B.Sc. Economics graduates.

  • IBM
  • Cipla
  • HDFC Bank
  • Aditya Birla Group
  • Britannia Industries
  • India Tv
  • Reliance

B.Sc. Economics: Salary Trends

As we can see B.Sc. in Economics has so many career options so that candidates can join any industry whether it is telecom, retail, FMCG and information technology with the job profiles as shown below with the respective salary packages:

salary graph for B. Sc Economics

As per the skills and abilities the above mentioned top recruiters hire candidates who have achieved bachelor’s degree in economics with the respective salary packages as shown in the below chart:

salary graph for B. Sc Economics

Bachelor of Science [B.Sc] (Economics) : 16 answered questions

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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. How is B.Sc Economics at NMIMS Mumbai?

● Top Answer By Pooja Johar 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 Shweta Vashisht 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 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. 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 college would be better for BSc Economics - Symbiosis School of Economics or Sarla Anil Modi School of Economics and why?

● Top Answer By Kanika Katiyal on 28 Aug 20

Ans. This course teaches students about how the industries function and what their purpose will be. The course trains students to be industry-ready. Students are familiarized with concepts of economics, mathematics, finance, health care, real estate, education, politics, and many more. The table given below shows a brief overview of both the institutes: Categories Symbiosis School of Economics Sarla Anil Modi School of Economics Cut Off 96% (SET) 60% Course Fee 2,10,000 30,045-40,000 Placement Percentage 10% 77% Highest Salary Package 10 LPA 11 LPA Average Salary Package 6-7 LPA 4 LPA Recruiting Companies Jindal Steel, Financial Technologies, IBM, RangSutra, Panasonic India, etc. JP Morgan India Services, Endurance International, Edelweiss Tokio, Kotak Mahindra Bank, IDBI Federal Life, IIFL, etc. Placements: Students were also provided with summer internships which helped them to gain knowledge of how the industry works. Companies like QED Baton, Bharat Forge Ltd., HDFC Bank, ICICI Prudential, Zephyr Financial Publishers Ltd., WTC, etc. Career Scope: Students can specialize in Finance, Business, or Economics in their final year. Students graduating from Economics can - Get their postgraduate degree in Management or Economics. Get jobs in finance and business industries. Become a market analyst and research analyst. Work in business media. Most students prefer DU colleges than Symbiosis School of Economics. The main reason being the affordability and popularity. DU colleges are a much more reputed institution than the Symbiosis School of Economics. Placements are better in DU colleges than Symbiosis School of Economics.Read more
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Ques. Which is better BSc Economics from NMIMS or BMS from St. Xavier’s?

● Top Answer By Nabamita Ghosh 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. Where should I pursue Economics Honours, 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. 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. Which of these two is better college for studying B. Sc. degree in Economics: NMIMS, Bengaluru or Symbiosis School Of Economics, Pune?

● Top Answer By Tia Rungta on 02 Sept 20

Ans. NMIMS Bengaluru is a private university offering various courses at UG, PG level in various specializations. It achieved 7th rank as the best university by Business Today and offers above 85% placement every year. Symbiosis School of Economics has been ranked the 6th best college among leading business schools in India by Outlook 2020. This college is the home of economics and offers nearly 99% placements to the deserving students. The table below gives a brief overview of both institutes: Categories NMIMS Bengaluru Symbiosis School of Economics, Pune Established 2008 2008 >Ranking (Outlook) 104 6th Intake 60 130 Course duration 3 years 3 years Faculty 16 11 Fees (1st year) INR 2.87 LPA INR 2.02 LPA Entrance Exam NPAT SET Placement Record 85% 99% No. of students placed. 250 180 No. of recruiters 91 80 Highest package INR 21.38 LPA INR 7.65 LPA Average package INR 10.5 LPA INR 6 LPA Top Recruiters Dell, Airtel, Infosys, Genpact, Oracle, etc IBM, Jindal Steel, Panasonic, HDFC Bank, ICICI bank, etc. Admission in NMIMS Bengaluru is as follows: Candidates should have a minimum of 50% marks from any recognized university. The admission to the BSc in Economics course is based on the marks obtained in NPAT, CLAT/LSAT, and NMAT tests. The final selection includes a personal interview conducted by the institute. Admission in Symbiosis School of Economics is as follows: The candidates should have a minimum of 50% marks from any recognized university. The admission to the BSc in Economics course is based on the marks obtained in SET tests. The final selection includes a personal interview and written ability test conducted by the institute. The Symbiosis School of Economics is preferable to NMIMS Bangalore for pursuing BSc in Economics. The location is in Pune which has a very friendly climate and the course is designed in such a way that you will get to know more about the world.Read more
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