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How is B.Sc Economics at NMIMS Mumbai?

PJ
Pooja Johar Posted On : June 29th, 2021
MBA, SVKM's NMIMS, Batch 2017-19

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.

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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.

AM
Anita Malhotra Posted On : May 23rd, 2023
Student at NMIMS Bangalore

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.

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Which college would be better for BSc Economics - Symbiosis School of Economics or Sarla Anil Modi School of Economics and why?

KK
Kanika Katiyal Posted On : August 28th, 2020
Studied at Symbiosis School of Economics, Pune

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.

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What should I choose, a BSc EMS from Mount Carmel, Bangalore or a B.Sc in economics from NMIMS, Mumbai?

AJ
Advait Joshi Posted On : June 4th, 2023
Lives in Mumbai, Maharashtra, India

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.

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What is the criteria for applying for B.Sc. economics in Bethune college?

SM
Sreetama Mukherjee, Posted On : November 18th, 2021
B.Sc. Economics Honours from Bethune College, Kolkata (2023)

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.

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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?

BG
Bidita Ghose Posted On : June 19th, 2023
Lives in Bengaluru, Karnataka, India

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!

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Which is better BSc Economics from NMIMS or BMS from St. Xavier’s?

NG
Nabamita Ghosh Posted On : October 21st, 2020
B.Sc. Physics, St. Xavier's College Mumbai (2019)

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.

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Is a BSc in economics from Gokhale Institute better than that of the Symbiosis School of economics?

NV
Nidhi Verma Posted On : December 24th, 2021
former Assistant Professor at Symbiosis International University, Poona (2016-2018)

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.

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Which of these two is better college for studying B. Sc. degree in Economics: NMIMS, Bengaluru or Symbiosis School Of Economics, Pune?

TR
Tia Rungta Posted On : September 2nd, 2020
B.sc Economics from SVKM's NMIMS (Graduated 2019)

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.

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