B.Com (Hons) vs Economics (Hons): Which is the better Course?

Akansha Sirohi
Akansha SirohiPublished On: August 29, 2020

B.Com (Hons.) and Economics (Hons.) are some of the most desired courses at UG level. Both the courses have their own importance in the industry as they are different specializations. Find out the difference between the two courses below.

B.Com (Hons) vs Economics (Hons): Which is the better Course?

B.Com (Hons) and Economics (Hons) are some of the most desired courses in the field of commerce and banking. Most of the students from the commerce background seek admission in either of the two programmes. However, one of the most asked questions amongst aspirants is – which course is better, B.Com (Hons) or Economics (Hons)? In this article, we shall discuss the major differences between the two commerce and banking subjects and figure out which is better for you, I.e. B.Com (Hons) vs Economics (Hons).

Both courses have their own importance in the industry as they are both specialisations in different fields. Find out a detailed comparison of the two programmes below.

Difference between B.Com (Hons) and Economics (Hons):

Check out the differences between B.Com (Hons) and Economics (Hons) courses offered at the undergraduate level in commerce and banking colleges of India.

Feature/Course

B.Com (Hons.)

Economics (Hons.)

Duration

3 years

3 years

About the Course

  • The course is designed to provide students with taxation and accounting education along with developing their education skills.
  • The course can be very helpful for those who want to get into the insurance and accounting sector.
  • The course also benefits students who are preparing for programmes like CA, CS and MBA.
  • This programme is a specialisation in the field of Economics. Unlike B.Com (Hons.), accounts is not a part of this programme.
  • Economics (Hons.) mainly covers statistics, regional economics, international economics and others.
  • It is a theoretical course that helps the students understand the different aspects of the field.
Eligibility Criteria
  • Candidates must have cleared the class 12 board examination from a recognised board of education.
  • Candidates must have secured a minimum aggregate score of 50% or more in the qualifying exam.
  • Candidates must have cleared the board examinations with Mathematics as a compulsory subject at the qualifying level.
  • Candidates must have cleared their class 12 board examination in any stream from a recognised board of education.
  • They must have secured a minimum aggregate score of 50% or more in the qualifying exam.
  • They must also have cleared the subject of Economics at the qualifying level, in order to pursue a Bachelor's programme in the field.

Selection Process

  • You can apply for the course after completing 10+2.
  • Admission to most of the colleges is done on the basis of merit of class 12 result.
  • This programme has a very high cut-off, i.e. 92% to 98% for most of the top colleges.
  • IP University and a few other colleges may conduct entrance exams for admission to B.Com (Hons.)
  • The programme is open to students who have passed class 12.
  • Admission to this programme is done solely on the basis of performance of students in class 12.
  • Economics (Hons.) is not offered by all the universities, therefore, options of good colleges like SRCC are limited.

Popular Topics

  • Financial Accounting
  • Business Mathematics
  • Costing
  • Business Communication
  • Cost and Management Accounting
  • Indian Economy
  • Company Law
  • Financial Management
  • Direct Tax Laws
  • International Business
  • Microeconomics and Indian Economy
  • Macroeconomics and International Trade
  • Mathematical Methods for Economics
  • Money and Financial Systems
  • Public Finance
  • Development Problems and Policies
  • Comparative Economic Development
  • Statistical Methods for Economics

Fees

Fees for B.Com (Hons.) varies from Rs. 21,290 to Rs. 2,85,000. Government colleges charge less fee than private universities.

You can expect the fees for Economics (Hons.) to vary from Rs. 16,390 to Rs. 2,50,000 depending on the college.

Career Scope

B.Com (Hons.) is a job oriented programme and is ideal for students who want to gain work experience in business-oriented organisations after their graduation. With its business and management approach, the programme has a great scope in the management sector as well. From audit companies to big corporate houses, all firms require commerce graduates with a good understanding of taxation, accounting and management.

Economics (Hons.) has gained a lot of popularity amongst recruiters lately. After completing graduation, students have a lot of opportunities in the banking sector, financial consultancies, economic institutions, etc. However, the best path would be to pursue post-graduation i.e. M.A. in Economics or an MBA in Finance. MBA enables economics aspirants to get high-paying jobs in the financial sector.

Salary

The salary after completing this programme can vary from Rs. 25,000 to Rs. 45,000 per month.

After completing Economics (Hons.) you can expect your starting salary to vary from Rs. 12,000 to Rs. 45,000 per month, depending on the university you have graduated from.

While choosing either of the courses mentioned above, you must consider your preferences carefully. If you are looking forward to a career in the accounting and taxation field then B.Com (Hons.) is the right programme for you. However, banking and finance aspirants will find Economics (Hons.) more productive.

Also Read:Pursue these Short Term Courses provided by DU along with your Graduation

Top B.Com (Hons) Colleges in India

Check out this list of top B.Com Colleges in India, along with the courses on offer and their respective course fees.

S.No.

Name of College

Course Offered

Annual Course Fees

1

Invertis University Bareilly

B.Com (Hons)

B.Com (Hons) Financial Markets

₹35,000/-

₹60,000/-

2

Shri Ram College of Commerce New Delhi

B.Com (Hons)

-

3

CT University Ludhiana

B.Com (Hons)

₹91,000/-

4

Lady Shri Ram College for Women New Delhi

B.Com (Hons)

-

5

Manav Rachna University Faridabad

B.Com (Hons)

₹1,36,000/-

6

Lal Bahadur Shastri Group of Institutions Lucknow

B.Com (Hons)

(LBS Girls College of Management)

₹58,000/-

7

GITAM University Vishakapatnam

B.Com (Hons)

₹1,30,000/-

8

Maharishi Markandeshwar Ambala

B.Com (Hons)

₹76,000/-

Top Economics (Hons) Colleges in India

If you are interested in pursuing an undergraduate programme in economics in India, then you can check out the list of top Economics (Hons) colleges mentioned below.

S.No.

Name of College

Course Offered

Annual Course Fees

1

Shoolini University Solan

BA (Hons) Economics

₹82,400/-

2

International Centre for Advanced Studies and Research Gurgaon

BA (Hons) Economics

₹66,700/-

3

Miranda House New Delhi

BA (Hons) Economics

₹12,000/-

4

Bhai Gurudas Group of Institutions Sangrur

BA (Hons) Economics

₹1,25,000/-

5

Noida International University Greater Noida

BA (Hons) Economics

₹60,000/-

6

Amity University Jaipur

BA (Hons) Economics

₹1,00,000/-

7

Jagannath Institute of Management Studies New Delhi

BA (Hons) Economics

₹1,15,000/-

8

The Heritage College Kolkata

B.Sc (Hons) Economics

₹50,800/-

Therefore, set your priorities right, consult your teachers and analyse your skills before choosing your undergraduate programme. For more information on undergraduate programmes, visit collegedekho.com. If you are interested in pursuing either of the courses, i.e. B.Com (Hons) or Economics (Hons) courses in India, then you must fill out the Common Application Form available on our website, so that our counsellors can help you take admission in the course and college of your choice!

Related Articles

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B.Com in Government or Private Colleges: Which is Better

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Top B.Com Colleges in North India: Fees, Courses, Admission Process

Top B.Com Colleges in South India - Fees, Courses, Admission Process, Ranking

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