Post Graduate Diploma in Economics
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1 Years
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Post Graduate
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Management
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Full Time
1 Years
Post Graduate
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For students interested in a career in business, finance, or policymaking, economics is one of the most well-liked academic specializations. Since the field of economics is one that is always evolving, there is a growing need for professionals in this field. The skills and knowledge required to succeed in this field can be attained through a Post Graduate Diploma in Economics. This thorough manual will cover a wide range of subjects, including what a Post Graduate Certificate in Economics is, its benefits, prerequisites, prospective career routes, and much more.
A full-time, one-year Post Graduate Diploma in economics program is offered at the Diploma level. The goal of the Post Graduate Diploma in Economics is to provide students with a rigorous, organized, and thorough understanding of fundamental macroeconomic and microeconomic theory.
Candidates must have completed their undergraduate degree in any discipline from an accredited university to be eligible for the Post Graduate Diploma in Economics degree program. Admission to PGD Economics programs is often done through an entrance exam, while many private colleges now provide direct admission based on a candidate's academic standing or donations.
Economics fundamentals, macroeconomics, management economics, economic theories, microeconomic principles, and other topics are covered in this field. Postgraduates in the Post Graduate Diploma in Economics program have a variety of career options available to them, including those for bankers, economists, business analysts, risk analysts, investment consultants, professors, and many more.
Check out the table below for all the crucial information regarding the Post Graduate Diploma in Economics :
| Particular | Value |
| Course Name | Post Graduate Diploma in Economics |
| Course Level | Postgraduate |
| Course Duration | 1 Year |
| Eligibility Criteria | Graduation in any discipline with a minimum of 55% |
| Entrance Exams | NCHMCT PG, GMAT, XAT, CAT etc. |
| Admission process | Entrance Exam + Group Discussion + Personal Interview (GD-PI) |
| Examination Type | Semester based |
| Age | No age limit |
| Average Annual Fees | INR 10,000-1,50,000 |
| Average Annual Salary | INR 4,00,000-8,00,000 |
| Top recruiters | RBI, NITI Aayog, ICICI Bank, KPMG, Deloitte, Ministry of Finance, Think Tanks, Research Organizations, World Bank, United Nations, CRISIL, HDFC Bank, etc. |
| Job Profiles | Economist, Research Analyst, Financial Analyst, Policy Analyst, Research Associate, Academician, Consultant, Economic Analyst, Data Analyst, Financial Consultant, Policy Analyst, Economic Researcher, Business Analyst, Research Economist, etc. |
The Post Graduate Diploma in Economics gives students several benefits, such as a competitive salary, an exciting work description, a guaranteed position, etc. Here are some fundamental justifications for the significance of a Post Graduate Diploma in Economics:-
(i). Popularity: The demand for Post Graduate Diplomas in Economics is rising steadily across the world, and it is considered to be one of the top professions.
(ii). High Initial Package: Individuals with degrees in economics get excellent starting salaries that double after five years of job experience.
(iii). Career Options: You have a variety of employment options in the commercial and public sectors, including Economist, Research Analyst, Financial Analyst, Policy Analyst, Research Associate, Academician, Consultant, Economic Analyst, Data Analyst, Financial Consultant, Policy Analyst, Economic Researcher, Business Analyst, Research Economist, etc.
(iv). After completing a Post Graduate Diploma in Economics, there is always a possibility to get a good career because the need for finance, or policymaking, economics students never decreases.
(v). Interesting job options: A profession in economics can be a fascinating one due to the practical uses of tools in addressing real-world problems and reviewing various operational procedures by planning and organising with every company component in mind.
Admission to the Post Graduate Diploma in Economics course can be done through both online and offline methods.
The path has full-time, part-time, and distance alternatives to be had to aspirants for the route. The following info is furnished below:
(1). Distance: Distance or online is for those who cannot attend normal sessions; a web is Post Graduate Diploma in Economics one of the favoured alternatives.
(2). Full-Time: The Post Graduate Diploma in Economics is one year course and has the advantage of permitting college students to hurry up their getting-to-know method and drastically boom their knowledge.
(3). Part-Time: A part-time Postgraduate is for professionals who are currently employed and unable to take time off for full-time education. The part-time Postgraduate path will be quite beneficial.
The eligibility criteria for a Post Graduate Diploma in Economics are simply as follows:
1. The candidate must have a degree in any field.
2. The student must achieve at least 50% of the points from 10+2+3.
3. The last year students still awaiting results may also apply.
The Post Graduate Diploma in Economics authorization levels are as follows: For the pre-selection, the student must prove his/her suitability and submit an application for these examinations.
(i). Candidates must therefore qualify for the exam with the required minimum score. Once the test is over, the university announces the result and publishes the full list of definitive candidates.
(ii). Selected students can then complete the admissions process by attending college and paying tuition.
(iii). For merit-based rather than entry-based admission to the bachelor’s degree, students must apply online or offline (depending on the bachelor’s tracker) and then wait for the lists to be compiled by the universities where they have earned the most points.
Below is a list of some of the entrance exams for pursuing a Post Graduate Diploma in Economics :
| CAT | MAT |
| XAT | SNAP |
| GMAT | NCHMCT PG |
| Managerial Skills | Conflict resolution |
| Observation skills | Communication skills |
| Analytical skills | Time management |
| Strategic thinking | Laboratory Skills |
| Work under Pressure | Decision-making skills |
| Problem-solving | Leadership skills |
The Post Graduate Diploma in Economics costs consider those components like location, faculty, demand, infrastructure, and the resources to which students may also have access all important factors. In India, the average cost of a Post Graduate Diploma in Economics :
| Name of College | Average Annual Fee(INR) |
| Delhi School of Economics, University of Delhi, Delhi | INR 25,000 |
| Jawaharlal Nehru University (JNU),Delhi | INR 12,00,000 |
| Banaras Hindu University (BHU),Varanasi | INR 20,000 |
| Madras School of Economics, Chennai | INR 70,000 |
| Indira Gandhi Institute of Development Research (IGIDR), Mumbai | INR 1,50,000 |
| Institute of Economic Growth (IEG), Delhi | INR 50,000 |
| Tata Institute of Social Sciences (TISS), Mumbai | INR 3,50,000 |
| Centre for Development Studies (CDS), Thiruvananthapuram | NA |
| University of Calcutta, Kolkata | INR 33,000 |
| Parameter | Post Graduate Diploma in Economics | Master of Business Administration (MBA) in Economics |
| Course Name | Post Graduate Diploma in Economics | Master of Business Administration (MBA) in Economics |
| Course Overview | A full-time, one-year Post Graduate Diploma in economics program is offered at the Diploma level. The goal of the Post Graduate Diploma in Economics is to provide students with a rigorous, organized, and thorough understanding of fundamental macroeconomic and microeconomic theory. | Business knowledge and economic principles are combined in an MBA program with an economics or finance focus, making it appropriate for people interested in careers in finance, investment banking, or other business-related fields. |
| Duration | 1 year | 2 years |
| Eligibility | Bachelor’s degree in any stream with 50% aggregate | Bachelor’s degree in any stream with 50% aggregate |
| Entrance Exams | IIPM, GMAT, XAT, CAT etc. | CAT, XAT, MAT, CMAT, GMAT, IIFT, etc. |
| Average Annual Fees | INR 10,000-1,50,000 | INR 3,00,000-17,00,000 |
| Top Colleges | Madras School of Economics, Banaras Hindu University (BHU), University of Calcutta, University of Delhi, etc. | IIM Ahmedabad, Indian Institute of Management Luck now, etc. |
The following list includes some of the top universities that provide the Post Graduate Diploma in Economics program and additional information:
| Name of College | Location |
| Delhi School of Economics | Delhi |
| Jawaharlal Nehru University (JNU) | Delhi |
| Banaras Hindu University (BHU) | Varanasi |
| Madras School of Economics | Chennai |
| Indira Gandhi Institute of Development Research (IGIDR) | Mumbai |
| Institute of Economic Growth (IEG) | Delhi |
| Tata Institute of Social Sciences (TISS) | Mumbai |
| Centre for Development Studies (CDS) | Thiruvananthapuram |
| University of Calcutta | Kolkata |
After completing a Post Graduate Diploma in Economics, professionals can get numerous opportunities in the public and private sectors. Here are some of them listed below:
Following are some of the job profiles available after a Post Graduate Diploma in Economics :
| Job Profile | Job Description |
| Economist | Post Graduate Diploma in Economics equips you with skills like decision making, new market trends, new economic behaviour and economic theory expertise. |
| Research Analyst | A research analyst is a master in data gathering, interpreting, data analysis and presenting across industries. |
| Business Analyst | Analyzes the organization policies and prepares plans for improvement of the organization, identifies areas of enhancement. |
| Financial Consultant | Gives ideas on financial and planning and also helps clients to achieve their goals and guides them in investment options. |
| Policy Analyst | Evaluates and gives suggestions on improvement of policies, considering their social, economic and other factors like political. |
The table below contains some of the top recruiters that hire Post Graduate Diploma in Economics graduates, as follows:
| Reserve Bank of India (RBI) | ICICI Bank |
| National Stock Exchange (NSE) | HDFC Bank |
| State Bank of India (SBI) | Axis Bank |
| Ministry of Finance | Yes Bank |
| Planning Commission | Kotak Mahindra Bank |
Depending on their position, graduates may earn varying quantities of money. In addition to qualifications, location, and field of work, several other variables may influence the income of a Post Graduate Diploma in Economics in India.
In addition, as candidates gain more experience and exposure to the real world, they may advance to better positions and receive higher pay grades. A graduate with a Post Graduate Diploma in Economics typically earns between INR 4,00,000-8,00,000.
| Job Role | Average Annual Fee(INR) |
| Economist | INR 50,000 - 2,50,000 |
| Data Analyst | INR 60,000 - 3,00,000 |
| Financial Analyst | INR 70,000 - 3,50,000 |
| Policy Analyst | INR 60,000 - 3,00,000 |
| Research Analyst | INR 50,000 - 2,50,000 |
| Banking and Finance Specialist | INR 60,000 - 3,50,000 |
One of the most popular Post Graduate Diploma in Economics offers attractive employment opportunities with a competitive salary. Here is a summary of the employment opportunities for Post Graduate Diploma in Economics :
(i). Economist.
(ii). Data Analyst.
(iii). Financial Analyst.
(iv). Policy Analyst.
(v). Research Analyst.
(vi). Banking and Finance Specialist.
(viii). Financial Consultant.
Post Graduate Diploma in Economics scope is vast, which gives candidates a chance to pursue higher studies after obtaining the degree. The following are some of the best higher education programs in the given area:
(i). CA.
(ii). MPhil.
(iii). PhDs.
To excel as a Post Graduate Diploma in Economics, many skills are required that will help to increase the individual learning curve and boost a practical approach that must be inculcated in the continuous learning environment.
(i). Communication skills.
(ii). Interpersonal skills.
(iii). Leadership skills.
(iv). Problem-Solving skills.
(v). Analytical skills.
(vi). Listening skills.
(1). What is a Post Graduate Diploma in Economics?
Ans. A full-time, one-year Post Graduate Diploma in Economics program is offered at the Diploma level. The goal of the Post Graduate Diploma in Economics is to provide students with a rigorous, organized, and thorough understanding of fundamental macroeconomic and microeconomic theory.
(2). What is the average fee structure for Post Graduate Diploma in Economics?
Ans. The average Post Graduate Diploma in Economics fees charged by colleges or universities in India lie anywhere between INR 10,000-1,50,000 per year.
(3). What is the expected salary for a Post Graduate Diploma in Economics graduate?
Ans. The expected salary for Post Graduate Diploma in Economics graduate is around INR 4,00,000-8,00,000 per annum.
(4). What are the eligibility criteria for admission to Post Graduate Diploma in Economics?
Ans. The eligibility standard for Post Graduate Diploma in Economics is that applicants have to have finished graduation with 50%.
(5). What is the admission process for Post Graduate Diploma in Economics?
Ans. The admission process for Post Graduate Diploma in Economics is both merit-based and entrance based.
(6). What is the duration of a Post Graduate Diploma in Economics?
Ans. Post Graduate Diploma in Economics is a one-year full-time course.
(7). What are the top Post Graduate Diploma in Economics entrance examinations?
Ans. CAT, XAT, GMAT, NMAT, SNAP, and NCHMCT PG are some of the top Post Graduate Diploma in Economics.
(8). What are some of the best colleges for this course program?
Ans. The best Colleges for this program are Madras School of Economics, Banaras Hindu University (BHU), University of Calcutta, University of Delhi, etc.
(9). What are some of the most popular job profiles for a Post Graduate Diploma in Economics?
Ans. Economist, Research Analyst, Financial Analyst, Policy Analyst, Research Associate, Academician, Consultant, Economic Analyst, Data Analyst, and Financial Consultant are some of the most popular job profiles for a Post Graduate Diploma in Economics.
(10). What are some of the top recruiting companies for a Post Graduate Diploma in Economics?
Ans. RBI, NITI Aayog, ICICI Bank, KPMG, Deloitte, Ministry of Finance, Think Tanks, Research Organizations, World Bank, United Nations, CRISIL, HDFC Bank, etc. are some of the top recruiting companies for a Post Graduate Diploma in Economics.
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