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

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.

How is B.Sc Economics at NMIMS Mumbai?

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.

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

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.

NMIMS Mumbai B.Sc Economics: Fees 2026, Course Duration, Dates, Eligibility

Fee Component	Amount (Per Annum)
Tuition Fee	Rs. 3,85,000
Other Charges (Development/Library/etc.)	Included in tuition fee
Total Academic Fee (Per Annum)	Rs. 3,85,000
Total Fees – 3-Year Program (without Honours)	Rs. 11,10,000 (approx.)
Total Fees – 4-Year Program (with Honours/Research)	Rs. 14,80,000 (approx.)

Hostel	Hostel Fee (10 months)	Refundable Security Deposit	Total
MKM Sanghvi Girls Hostel (AC)	Rs. 3,70,000	Rs. 10,000	Rs. 3,80,000
GR Jani Boys Hostel (Non-AC)	Rs. 2,50,000	Rs. 10,000	Rs. 2,60,000
GR Jani Boys Hostel (AC)	Rs. 3,25,000	Rs. 10,000	Rs. 3,35,000
Bansi Villa Girls Flats (Non-AC)	Rs. 2,90,000	Rs. 10,000	Rs. 3,00,000
Bansi Villa Girls Flats (AC)	Rs. 3,40,000	Rs. 10,000	Rs. 3,50,000
Anand Premises Boys (AC)	Rs. 4,50,000	Rs. 10,000	Rs. 4,60,000

NMIMS B.Sc. Economics Admission 2026

Admissions to B.Sc. (Economics) at NMIMS Mumbai are currently open for the 2026-27 batch. The process is entirely merit-based through the NMIMS-NPAT (National Programme Aptitude Test). Phase 1 of NPAT has concluded, and Phase 2 is currently ongoing. Students who appeared in Phase 1 can check the merit list on April 16, 2026, and attend counselling from April 27-30, 2026. Phase 2 registrations are open till May 26, 2026, with exams running till June 1, 2026.

College-Specific Admission Dates (2026-27 Batch)

Event	Date
NPAT Online Registration Opens (Phase 1)	January 28, 2026
NPAT Phase 1 Registration Closes	March 22, 2026
NPAT Phase 2 Registration Opens	March 23, 2026
NPAT Phase 2 Registration Closes	May 26, 2026
Counselling Call Letter and Merit List – Phase 1	April 14-16, 2026
Counselling and Admission Process – Phase 1	April 27-30, 2026
Counselling Call Letter and Merit List – Phase 2 (Tentative)	June 1-7, 2026
Document Upload and Payment of Admission Fees (Merit List)	To be announced post merit list
Commencement of Program (Tentative, based on 2025 pattern)	July 2026
Last Date of Admission (Tentative, based on 2025 pattern)	Late July 2026

NPAT 2026 Exam Dates

Event	Date
NPAT Phase 1 – Computer Based Exam	February 10 – March 31, 2026
NPAT Phase 1 – Result (Tentative)	April 16, 2026
NPAT Phase 2 – Computer Based Exam	April 1 – June 1, 2026
NPAT Phase 2 – Result (Tentative)	June 1-7, 2026

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

Candidates must have passed 10+2 or equivalent examination from a recognized board.
Minimum 50% aggregate marks in 10+2 or equivalent examination.
Mathematics/Statistics as a mandatory subject in 10+2 (must be passed).
Candidates appearing in their final 10+2 examination are also eligible to apply.
Maximum age: 25 years at the time of admission.

Admission Process

Register online at npat.nmims.edu and pay the NPAT registration fee (Rs. 2,000 for 1 school; higher for multiple schools).
Select NMIMS-NPAT as the test category and choose B.Sc. Economics under SAMSOE/SOE.
Schedule the computer-based exam at a Pearson VUE test center of your choice.
Candidates can attempt the exam up to 3 times (1 main + 2 retakes); the highest score is considered.
Merit list is prepared based on NPAT score and 10+2 marks.
Shortlisted candidates are issued a counselling call letter and must upload documents and pay admission fees within the stipulated window.
Final admission is confirmed after document verification and fee payment.

Scholarship	Eligibility	Amount	Details
Central Sector Scheme of Scholarships (CSSS)	Top 20 percentile in Class 12 board exams; family income below Rs. 8 lakh per annum	Rs. 10,000 per annum (UG)	Government of India scholarship; apply via National Scholarship Portal (scholarships.gov.in)
Post-Matric Scholarship (SC/ST/OBC)	SC/ST/OBC category students; income criteria as per state norms	Varies by state	Apply via National Scholarship Portal
Prime Minister's Scholarship Scheme	Wards of ex-servicemen/ex-coast guard personnel	Rs. 30,000 per annum (girls), Rs. 25,000 per annum (boys)	Apply via Kendriya Sainik Board
Education Loan (Bank Financing)	All admitted students	As per loan amount sanctioned	NMIMS has tie-ups with banks; students can avail education loans easily

Placement Metric	B.Sc. Economics (2022-23 Batch)
Highest CTC	Rs. 12,00,000 per annum
Average CTC	Rs. 6,97,931 per annum
Total Students	91
Students Opting for Placements	28
Students Placed	18

NMIMS B.Sc. Economics FAQs

Ques. Is Mathematics compulsory in Class 12 to apply for B.Sc. Economics at NMIMS Mumbai?

Ans. Yes, Mathematics or Statistics is a mandatory subject in Class 12 and must be passed for eligibility to the B.Sc. Economics program at NMIMS SAMSOE. This is a strict requirement and there is no waiver for this criterion.

Ques. What is the difference between the 3-year and 4-year B.Sc. Economics program at NMIMS?

Ans. As per NEP 2020, NMIMS offers both a 3-year and a 4-year version of the B.Sc. Economics program. Students completing 3 years receive a B.Sc. degree, while those completing 4 years (which includes a research/Honours component) receive a B.Sc. (Hons.) degree. Students must indicate their preference for the 4-year Honours program by the end of their 2nd year. The total fees for the 4-year program are approximately Rs. 14.80 lakhs, while the 3-year program costs approximately Rs. 11.10 lakhs.

Ques. How competitive is the NPAT for B.Sc. Economics at NMIMS Mumbai? What score is needed?

Ans. NMIMS Mumbai's B.Sc. Economics program has 180 seats and is quite competitive. While NMIMS does not officially publish cutoffs, students on forums report that a score of 100+ out of 120 in NPAT significantly improves chances for the Mumbai campus. The merit list is based on a combination of NPAT score and Class 12 marks. Candidates can attempt NPAT up to 3 times, and the best score is considered.

Ques. Does NMIMS SAMSOE provide hostel accommodation? Is it compulsory?

Ans. Hostel accommodation at the Mumbai campus is optional and not compulsory (unlike some other NMIMS campuses). It is allotted on a first-come, first-served basis after admission. The hostel fee ranges from approximately Rs. 2.60 lakhs to Rs. 4.60 lakhs per year depending on the type of accommodation (AC/Non-AC, boys/girls). Students who do not get hostel accommodation need to arrange their own accommodation in Mumbai.

Ques. What career options are available after B.Sc. Economics from NMIMS SAMSOE?

Ans. Graduates can pursue careers in financial research, investment banking, consulting, market research, credit rating agencies, and business media. Many graduates also go on to pursue postgraduate programs like MBA, M.Sc. Economics (including NMIMS's own M.Sc. Economics program), or study abroad. Key recruiters include JP Morgan, Nomura, CRISIL, EY, PwC, TresVista, and Barclays. The program also prepares students well for competitive exams like UPSC, RBI Grade B, and other economics-related government roles.

Ques. Are there any scholarships available for B.Sc. Economics students at NMIMS Mumbai?

Ans. NMIMS SAMSOE does not offer institutional merit scholarships for the B.Sc. Economics program. However, students can apply for government scholarships such as the Central Sector Scheme of Scholarships (CSSS) via the National Scholarship Portal. Education loans are easily available given NMIMS's strong brand, and the university has a dedicated financial assistance portal. Students from SC/ST/OBC categories can also apply for post-matric scholarships through their respective state governments.

Why To Join NMIMS Mumbai - Reviews & Rating

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4(31%)

3(4%)

2(15%)

1(8%)

Academic

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Faculty

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Vedant B

4.5Helpful

B.Sc, Economics

Reviewed on Oct 20, 2024(Enrolled 2024)

NMIMS Bsc Economic’s first year student’s views on its course structure, fees, admission process, college life etc

Student Snaps:

Fees and Financial Aid:

The fee structure includes a total yearly payment of 3.7 lakhs! Emi options are also available and fees are subject to refundablity upto september end. Conplete course fees depends on the fact that you complete research or not. With research it goes upto 14.8 lakhs and without it, it goes upto 11.1 lakhs.

Anonymous

3.7

Reviewed on Dec 5, 2022(Enrolled 2022)

Survival of the fittest

The fee is currently 3.25 lakhs per annum which is on the higher end if we take India's undergraduate programme fees. The fee increases by 15% every year. There are no scholarships or financial assistance. However, campus placements are good.

Vedika Vyas

3.9

Reviewed on Jun 29, 2021(Enrolled 2014)

SAMSOE - Review

The fees remained consistent over the three years. Scholarships and financial assistance were not offered Placements were offered and companies like E&Y, MuSigma participated. Since I did not opt for college placements, I am not aware of information related to stipend.

Pranshu Agarwal

Reviewed on Oct 29, 2020

Pranshu Agarwal's Review On Sarla Anil Modi School Of Economics - [SAMSOE], Mumbai

Course Curriculum Overview:

The course is quite updated with the modern industrial requirements and it urges us to think out of the box but tbh the course is hectic and tiring. Faculties are amazing. Specially sneha kotian maam for math is literally amazing. You are fortunate enough if you get her.

Vinayak Arun Sahi

3.3Helpful

Reviewed on Oct 21, 2020

Vinayak Arun Sahi's Review On Narsee Monjee Institute Of Management Studies - [NMIMS Deemed To Be University], Mumbai

The course and syllabus are all encompassing with subjects from various other disciplines which one wouldn't normally find in an Economics Course. The teachers are mostly good though some of the teachers are new and inexperienced.

Reviewed on Aug 13, 2020

Anonymous's Review On Narsee Monjee Institute Of Management Studies - [NMIMS Deemed To Be University], Mumbai

The course is intense and well rounded. It focuses on core economics as well as allows us to explore other subjects which tend to have an effect on economics. The course has been well designed in order to keep it relevant in modern times.

4.4

Reviewed on Aug 11, 2020

The course is really well structured comprising of different topics in different modules which provide a holistic learning experience to the students. Also the faculty is really friendly and they are willing to help a student out When needed. Moreover the institution also provides a lot of opportunities for the students to go abroad and study,they have tied up with the highest ranked universities abroad. They provide great internship opportunities as well to the students

Reviewed on Jun 12, 2020

Amita Vaidya is our director, who understands us and teaches us during the seminars. We have Nahid Fatema, Kiran Limaye, Sneha L. Thayyil, Suranjana Joarder, Sneha Kotian, etc as some of the best professors.

The course and curriculum is very simple and easy. We have 8 subjects including each semester. The subjects change as per each semester. Since I have chosen economics as a subject. I have all my 8 subjects related to economics.

We have subjects like Risk Management, International Finance, Corporate Finance, Capital Market etc. in our Finance curriculum which are the subjects people usually do courses in and at our college we can learn them as a part of our curriculum.

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