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

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Sounak Banerjee

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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) : 15 answered questions

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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. 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. 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. 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 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. 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. 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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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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