Be Future-Ready to Tackle Corporate Problems with a B. Sc. in Economics and Finance
Blog / September 10, 2024
Economics and Finance affect everyone's lives since they relate to the consumption and production of goods and services, how individuals use resources, and how they make decisions during a time of scarcity.
A B. Sc. in Economics and Finance degree is a course that aims to train students on the fundamentals of economics and financial management and assist them in understanding how businesses, institutions, and even people make decisions regarding their capital and how they spend it. Through varied courses, a B. Sc. in Economics and Finance degree will equip students with vital knowledge and skills to assist them in qualifying for several job positions related to business economy, finance, accounting, analyzing, consulting, and many others.
When pursuing a course in Economics and Finance, you will have a B. Sc. Economics and Finance syllabus, mainly emphasizing business analysis, accounting, statistics, and micro and macroeconomics. In addition, you will learn about international business, applying economics to specific sectors, business foundations, management accounting, financial reporting, risk management, and taxation, with some general courses on psychology, history, and world literature to acquire a more well-rounded education.
B. Sc. in Economics and Finance Eligibility
Candidates taking up the B. Sc. in Economics and Finance course require to fulfill the following eligibility criteria:
- Applicants must have either completed 12th at the time of applying or must be appearing in 12th or equivalent in the same year in which they are seeking admission
- If the class 12th result is available at the time of application, it must be submitted with the application form and
- Applicants must have studied Mathematics in Classes 11th and 12th
Also, B. Sc. Economics and Finance fees vary from institute to institute depending upon various factors of the institute such as reputation, location, facilities, etc.
B. Sc. in Economics and Finance - Career Prospects
After completing a B. Sc. in Economics and Finance degree, graduates can work in numerous rewarding jobs. Reputed organizations across different verticals of industries hire these graduates. Apart from the corporate world, these graduates can also opt for Master's programs in several fields such as Economics, Econometrics, Political Economy, Finance, Public Policy, International Affairs/ Relations, or even an MBA degree.
Some of the job profiles after the B. Sc. in Economics and Finance course and their roles are mentioned below:
Financial Analyst
A financial analyst's job is to assess the trends of stocks and other types of investments in order to guide businesses and individuals’ investment decisions. A financial analyst's average salary ranges between ₹ 4 LPA and 7LPA.
Investment Banker
These professionals help their clients by raising capital to finance their businesses and help them grow. An investment banker's average salary is ₹ 9 LPA.
Risk Analyst
A risk analyst analyzes an organization's portfolios, international bonds, investments, etc., to minimize the risk in any decision the organization makes. The average salary of a risk analyst ranges between ₹ 5 LPA and 7 LPA.
Consultant
These professionals aid the client and the firm by giving them an objective opinion backed by functional expertise. The average salary of a consultant is ₹ 8 LPA.
Economist
An economist carefully studies the way resources are used, and the costs and benefits included in the utilization of these resources. The average salary of an economist is ₹ 7 LPA.
Acquire Skills to Excel in the Corporate World with a B. Sc. (Research) in Economics and Finance Program at Shiv Nadar IoE
The School of Management & Entrepreneurship (SME) and the Department of Economics (School of Humanities & Social Sciences) at Shiv Nadar Institution of Eminence (Deemed to be a University) have taken the lead to jointly impart the first ever interdisciplinary B. Sc. (Research) in Economics and Finance program, including multiple schools at the university.
The curriculum of the analytically and quantitatively focused B. Sc. (Research) in Economics and Finance program is designed to equip the students with extensive and deep understanding of forces that influence markets and institutions in general, and financial markets and financial institutions in particular.
Get Your Hands on Lucrative Jobs with a B. Sc. in Economics and Finance
An economics and finance course is also helpful because of the job outlook associated with this area. A report from the Bureau of Labor Statistics shows that the employment of economists is anticipated to grow 13% during this decade, and this percentage is much higher than the average for all jobs. It is anticipated that each year, from 2020 to 2030, there will be around 1600 new job openings for the B. Sc. in Economics and Finance graduates. Therefore, pursuing a B. Sc. in Economics and Finance will increase your chances of excellent jobs today and will continue to rise in the future.