All About BSc in Economics
Bachelor of Science in Economics or BSc Economics is a full-time undergraduate course of three years. Candidates who’ve finished Class 12 or equivalent in relevant areas from an authorised board are eligible to apply for this program. Admission to this course will be primarily based on merit, i.e., on the basis of candidate’s marks in class 12 examination. However, there are some BSc economics colleges in India that provide admission to this course on the basis of the candidate’s overall performance in the entrance examination.
The BSc Economics syllabus offers applicants applicable expertise concerning economic analysis, fundamentals, and concepts of Economics. On completion of this course, applicants get complete knowledge of the way the economic principles are implemented in society, family, government and private areas, business, and science.
After finishing this course, college students can effortlessly get numerous job possibilities in the Banking and Finance area along with other career options. The average BSc Economics income package is expected to range from INR 1.5 Lacs to INR five Lacs per annum. Those who wish to study further after finishing this program can go for higher degree programs like MSc Economics and MBA.
Why study BSc Economics ?
There are certain advantages of pursuing a B.Sc. Economics degree course. Some of them are: A graduate in Economics can easily get numerous entry-level jobs in Banking, Finance, Insurance, Stock Markets, Sales and Marketing in addition to in Corporations along with consulting firms or govt. offices. They also can start their career in government enterprises, public sector undertakings, investment companies, newspapers, etc. As a preferred option available to all social science students, economics students can pass for jobs in the areas of Journalism, Law, etc. Those who want to pursue higher studies in the subject of Economics also can pursue MPhil, PhD in this subject, and might easily get a better position in the public and private sector.
BSc Economics Admission Process
Admission to the BSc Economics course could be primarily based on the merit list prepared by the admission government on the premise of marks scored in the Class 12 examination. However, some schools conduct front examinations for admission in B.Sc. Economics course. To get direct admission in B.Sc. Economics applicants are required to score high marks in Class 12. Based on marks acquired in Class 12 and a personal interview, applicants could be shortlisted for further admission rounds.
BSc Economics Eligibility Criteria
Students looking for BSc Economics admission are required to follow the minimum eligibility standards laid down by the admission authority. The candidate must have passed class 12 or some other equivalent exam from an authorised board. The candidate must have a minimum of 50% marks in class twelfth board exams.
Some of the topmost career alternatives after completion of BSc Economics are:
- MSc Economics: After BSc Economics, most of the scholars choose M.Sc. Economics to enhance their career and for higher and better paying jobs. MBA in Managerial Economics: One also can pursue MBA in Managerial Economics, if they want to go for topmost positions in any organisation or they are interested in doing business in the future.
- Law: The graduates have the choice to go for a 3-year LLB program. Law could be a good and benefitting step in the career of economics graduates.
- The graduates can prepare for civil services and additionally for banking examinations. They can work as a lecturer or teacher and educate economics in high schools.