Bachelor of Science [B.Sc] (Economics) From NMIMS, Mumbai

Mumbai, MaharashtraDeemed to be UniversityEstd 1981
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Bachelor of Science [B.Sc] (Economics) 
first year fees:  ₹3,50,000
3 YearsFull Time
Year123
Total Year Wise fees3.50 Lakhs3.50 Lakhs3.50 Lakhs
Total Fees₹350000₹350000₹350000
Tuition fees₹350000₹350000₹350000

NMIMS Upcoming Application Dates 2024

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Expired Events

EventsDates
Merit List Declaration (B.Sc)Jun 07, 2024
NPAT Exam DateJan 01, 2024 - May 25, 2024
Conduct of Online Computer-based Examination at Test Centers (B.Sc)Jan 01, 2024 - May 25, 2024

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Course Description

Bachelor of Science (B.Sc.) in Economics is an undergraduate program of 3 years after 10+2. Average fees of this course would be Rs. 50,000 to Rs. 1,00,000 depending on type of the college.

In this course candidates will be able to understand how to do analysis in social and political sector by applying economics principles. And they will understand the production process, distribution techniques and how the consumption of goods and services should be done at different stages.

This course provides us the knowledge about economic analysis, economics fundamentals and principles. After completion of this course candidates will be able to understand how economic principles should be apply in society, family, government and private sector, business and science. After completing this course candidates will get job opportunities in banking and finance sector and other career sectors as well with the average salary package from Rs. 1.5 Lakh to Rs. 5 Lakh.

What is course B.Sc. (Economics)

While pursuing this course candidate will be able to learn how economic development is important for us and how it should be practiced in different sectors such as optimal use of natural resources, consumption of goods and services in their best way, equilibrium of demand and supply in the market etc.

This course provides the knowledge exposure about micro and macro economics which include economics at individual level for example determinants of demand and supply of consumers and economics at national level for example Gross Domestic Product (GDP) of the country.

Who should opt for this course and what the skills required?

Candidates who have interest in economic development area, social services and market trends of different sectors can choose this course. Also if they have interest in government sector like ministry and defense can also opt for this course.

Candidates should have critical thinking skills, analytical skills, time management and problem solving skills to pursue this course. In addition to this they should focus on detail orientation and presentation of data.

Further academic options after B.Sc. in Economics

After the completion of this course candidates can go for further studies such as master degree to get specialization in economics. Here we have some master degree courses such as:

  • M.Sc.in
  • Economics
  • Financial Economics and Administration
  • Economics Honors
  • Applied Econometrics
  • M.Com in Applied Economics
  • M.A in
  • Rural Economics
  • Quantitative Economics
  • Economics
  • Econometrics
  • Development Economics
  • Business Economics

  • MBA in
  • Managerial Economics
  • Macroeconomic Theory and Policy
  • Economic Legislation

Duration

Duration of this course is 3 years full time after 10+2 or equivalent examination which contains 6 semesters at the interval of every six months.

Best colleges offering B.Sc. (Economics)

Following are some top colleges who are offering B.Sc. in Economics with the best study practices:

  • St. Xavier’s Kolkata
  • Christ University, Bangalore
  • Symbiosis School of Economics, Pune
  • Ananda Chandra College
  • DAV College, Amritsar
  • Presidency Univerity, Kolkata

Eligibility Criteria

Aspirants seeking admission to the Program should have passed

  • Minimum of 50% aggregate marks in 10 + 2 or equivalent examination with Mathematics / Statistics subject mandatory for all campuses. .
  • A candidate who has passed 10+2 or equivalent examination from International Baccalaureate Diploma (IB Certificate or DP or CP awarded candidates with 24 credits compulsory and has passed 3 subjects at Higher Level (HL) and 3 subjects at Standard Level (SL) mandatorily from any stream.
  • Candidates of CBSE / ICSE, should mention in the online registration / e-admission form (if selected) for 10+2 or equivalent examination, the aggregate marks of all the subjects the candidate has taken / opted and appeared for (not best of four, five, six or seven).The candidate shall have passed all the subjects he / she has taken / opted and appeared in the applicable examination/s in a single attempt.The aggregate percentage of all subjects the candidate has taken / opted and appeared will be taken into consideration for confirming eligibility of the candidate for the program at the time of admission.

Entrance Exam:

NMIMS -NPAT

Course Details

Specializations:

  • Finance
  • Business 
  • Economics.

...Show Less

Bachelor of Science [B.Sc] (Economics) Comparison

NMIMSNMIMS Bangalore
Reviews Rating
Cost To Study
Total Fees
1050000 (3 Years )
Hostel Fees
180000
Total Fees
756000 (3 Years )
Hostel Fees
200000
Ranking
-
-
Highest Salary₹6780000₹4325000
Average Salary₹2663000₹1411000
General Course Details
Duration - 3 Years
Course Offered - Full Time
Total Seats - 180
Mode - Full Time
Degree Type - On Campus
Course Level - Graduation
Course Credential - Degree
Duration - 3 Years
Course Offered - Full Time
Total Seats - 60
Mode - Full Time
Degree Type - On Campus
Course Level - Graduation
Course Credential - Degree
Eligibility10+2 with 50% + NPAT10+2

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NMIMS: 3 Answered Questions

How is B.Sc Economics at NMIMS Mumbai?

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

Himani Daryani
Advait JoshiLives 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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Which is better BSc Economics from NMIMS or BMS from St. Xavier’s?

Karishma Khatri
Nabamita GhoshB.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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