B.Sc. Economics Course Admission, Colleges, Fees, Eligibility, Syllabus, Jobs

What is B.Sc. Economics?

B.Sc. Economics or Bachelor of Science in Economics is a full-time undergraduate program of 3-years duration. The course lets interested students in learning about economics and the importance of economic development. However, the course will teach students to practice economic growth in various sectors –Conservative use of natural resources, consumption of goods and service in the best possible manner.

The program will help students get knowledge of Macroeconomics and Microeconomics, which is used at different levels. Upon completion, students will get the best opportunities in the various sectors like Production, Banking and Finance Sector. However, students who pursue this course will gain knowledge and skills that will help them achieve great heights and be successful in whichever career choice they make.

B.Sc. Economics: Key Points

Full-Form	Bachelors of Science in Economics
Duration	3-Years
Eligibility	10+2 with minimum 50% marks from recognized board
Admission Process	Both Merit and Entrance Based
Entrance Exams	SET, NPAT, and GIPE
Average Course Fees	INR 50, 000 to INR 1, 00,000
Job Prospects	Stock Exchanges, Banks, Educational Institutes, Financing Sector, Transformation Centres
Average Salary Package	INR 2-5 Lakh per annum
Higher Study Options	M.Sc. Economics, MBA in Managerial Economics, Law and Banking Exams

B.Sc. Economics Admission Process

Based on class 12 examination marks, merit list will be prepared, whereas a few colleges might conduct entrance exams.
Students shortlisted based on merit lists will be called for Personal Interview, after Personal Interview marks are released, students will be shortlisted for further admission rounds.

B.Sc. Economics Eligibility Criteria

Candidates must pass 10+2 examination or an equivalent examination
Candidates must have passed with minimum 50% marks from a recognized board.

B.Sc. Economics Entrance Exams

A few colleges accept entrance exams as an essential part of the admission process. Some of the entrances conducted for admissions to B.Sc. Economics program, which is mentioned below:

SET: Symbiosis Entrance Test or SET is conducted by Symbiosis School of Economics in computer-based mode. The exam is conducted for admissions to B.Sc. Economics.
NPAT: Conducted by NMIMS in an Online Mode, NPAT is for candidates who want to pursue a career in Economics.
GIPE: The entrance exam is conducted by the Gokhale Institute of Politics to admit students to B.Sc. Economics program. The exam is conducted in an online mode.

How to prepare for B.Sc. Economics Entrance Examination?

A few colleges conduct entrance exams for admission to B.Sc. Economics program. The entrance exams consist of multiple-choice questions divided into three sections.

Logical Reasoning and Data Interpretation
Quantitative Aptitude
Verbal Ability and Reading Comprehension

Here are a few essential points that you need to keep in mind while you are preparing for the entrance exam:

Verbal and Reading Comprehension is a scoring section, which includes questions based on Vocabulary, Critical Reasoning and Reading Comprehension. To ace this section, the candidate must prepare well for this section by thoroughly reading newspapers, novels, and articles. It will try and improve your vocabulary.
The trickiest section of all is Quantitative Ability, which includes topics like Geometry, Mensuration, Matrices, and Number Systems etc. To get through this section, you have to be clear with all the formulas and concepts.
The last section is Logical Reasoning and Data Interpretation, which is a bit tricky, but with practice, one can quickly solve the questions. However, the problems might be time-consuming, but with practice, you can ace the section.
All you have to do is practice more to get through with the tricks to solve the question. You can solve as many mock tests as you can to get a great score in the exam.

Why you should study B.Sc. Economics?

A B.Sc. Economics graduate can get several entry-level jobs in Finance, Banking, Sales, Finance and Marketing sector. You can also serve as a consultant in various consulting firms and government firms.
For B.Sc. Economics graduates, the career choice is not limited to the Banking and Finance sector, but you can also pursue a career in Journalism, Law and other fields.
If you wish, you can opt for higher studies. You can enrol in MPhil or PhD in Economics. Pursuing higher degrees will be beneficial for you to have a promising career in the private and public sector.

B.Sc. Economics Career Prospects

B.Sc. Economics graduates can quickly get entry-level jobs in different sectors, as follows:

Banking Sector
Financing Sector
Stock Exchanges
Educational Institutes
Transformation Centres
Sales and Marketing
Consultancy Firms

B.Sc. Economics Colleges in India

Here is the list of top B.Sc. Economics colleges in India along with the admission process:

Name of College	Admission Process
St. Xavier’s College, Mumbai	Merit-Based
Mount Caramel College, Bangalore	Merit-Based
Kristu Jayanti College, Bangalore	Merit-Based
Lady Brabourne College, Kolkata	Entrance Based
Barrackpore Rastraguru Surendranath College	Merit-Based
University School of Business, Chandigarh University, Punjab	Merit-Based
Narsee Monjee Institute of Management Studies, Mumbai	Entrance Based
Khalsa College, Amritsar	Merit-Based
JSS Academy of Higher Education and Research, Mysore	Merit-Based

Scope of B.Sc. Economics

A student of B.Sc. Economics will have ample of opportunities in hand after they finish their graduation. Based on their learning, skills and interests, the student can choose their career accordingly. Students, if not willing to take up a job, can also opt for higher studies.

M.Sc. Economics – Many students go for higher studies to specialize in a specific area of education. Higher studies will have a significant impact on your career as it will boost career opportunities and get you better-paying jobs.
MBA in Managerial Economics – If a student pursues an MBA in Managerial Economics after their graduation, they can hold top positions in a company and can also start-up their own business.
Law – Graduates can further pursue 3-Year LLB Program. It can be a beneficial career choice for graduates in Economics.

Students can also prepare for banking and civil services examinations, or pursue a career as a lecturer or teacher and teach economics in schools and colleges. Therefore, a graduate in Economics will have a promising career as they got career opportunities in different sectors.

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