A Bachelor of Science in Economics is an undergraduate program that focuses on interpreting complex data, assessing economic issues, and providing strategic solutions. The course will provide knowledge in microeconomics, macroeconomics, statistics, econometrics, and financial systems.
After completion of the course, the graduates can opt for advanced studies like MSc Economics, MBA, etc, or jump directly into job markets across public policy, finance, consulting, analytics, market research, and more.
The BSc Economics graduates can work as Economic Analysts, Policy Advisors, Research Associates, Investment Analysts, Actuaries, etc. They can prepare for government roles like the Indian Economic Service (IES) or the RBI Grade B Officer. The average salary one can expect as a fresher is around INR 2 - 5 LPA, and with experience, they can expect around INR 8 - 30 LPA.
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BSc Economics Jobs & Salary
The BSc Economics graduates are eligible to find a job in both the private and public sectors. Here are some of the top job roles for economics graduates, along with the average salary:
BSc Economics Jobs in India
Here is the average salary of economists in various Indian cities. The salary data mentioned below is as per Ambitionbox. The table below highlights that the top-tier cities like Bangalore, Mumbai, and the Delhi NCR offer higher pay to BSc Economics holders because of the presence of consulting firms, banks, think tanks, and analytics startups.
BSc Economics Jobs by Industry
The BSc Economics graduates can be hired in a variety of industries like BFSI, Consulting, etc. Here is the average salary of economists in various industries. The salary data mentioned below is as per Ambitionbox.
BSc Economics Jobs For Freshers
The BSc Economics graduates can start their career with an entry-level position. Here is the list of some of the entry-level positions and their average salary, and top recruiters.
BSc Economics Jobs For Experienced Candidates
With 3–7 years of experience, BSc Economics graduates can move into specialized strategic roles that involve team leadership, client interfacing, and policymaking. Here are some of the professional job roles and their average salary and top recruiters:
BSc Economics Career Options
The BSc Economics graduates have various career options like pursuing higher studies, getting jobs in the private and public sectors, or starting their own business. The sections below explain these career options in brief:
Higher Studies - The BSc Economics graduates can pursue higher studies in MSc Economics, MA Public Policy, MBA Finance & Analytics, or PG Diploma in Data Science or Actuarial Science.
Government careers - Graduates in BSc Economics can be a part of various government careers, such as in the Indian Economic Service (IES), UPSC, RBI Grade B, SEBI, or State-level civil services. Careers in these establishments tend to provide strategic and policy-oriented economic roles.
Private Sector Positions - The economic graduates can work with consulting firms (KPMG, Deloitte), banks (HDFC, ICICI), MNCs (Amazon, Google), or analytics firms (MuSigma, ZS Associates) in positions ranging across finance, economics, and analytics.
Entrepreneurship - The economic graduates can leverage their expertise to start an entrepreneurship venture or consultancy business in market research, economic advisory, or data analytics.
Academic and Research Careers - Work in economic research centers, think tanks, or seek a PhD to go into policy advisory and academia.
BSc Economics FAQs
What are the top job opportunities after BSc Economics in India?
The BSc Economics graduates are eligible to apply for jobs in different fields such as BFSI, consulting, MNCs, and even government organizations. Some of the job positions they can apply are Economic Analyst, Financial Analyst, Data Analyst, Policy Consultant, and Research Associate.
What is the average salary after BSc Economics in India?
On the completion of BSc Economics, the fresher can earn approximately INR 3 - 5 LPA. After gaining a few years of experience, they can hike their salary and be able to earn approximately INR 8 - 15 LPA.
Can I pursue MBA after BSc Economics?
Yes. One may do an MBA after doing a BSc Economics. The requirements for admission to an MBA are that the candidates must have a bachelor's degree with at least 50% marks in aggregate. The candidates may opt for a general MBA or may specialize in a specific field.
What government exams can I appear for after BSc Economics?
Graduates can sit for the Indian Economic Service (IES), UPSC Civil Services, SSC CGL, RBI Grade B, and NABARD exams. These jobs usually demand analytical skills and knowledge of economic policy—abilities acquired while pursuing a BSc Economics degree.
How does BSc Economics differ from BA Economics in terms of career prospects?
BSc Economics focuses on analytical and quantitative skills with a mathematical bent of mind, and so is better suited to analytics, finance, and data science careers. BA Economics, being quite theoretical, is more suitable for policy, research, and social sciences roles.
