A Master of Economics or Master of Arts in Economics is an advanced degree in economics. Economics includes a comprehensive and in-depth study of economics as a discipline at an advanced level. The Master of Arts in Economics postgraduate program basically involves studying the fundamentals of economic theory, microeconomics, macroeconomics, comparative economic systems, monetary and banking systems, international economics, methods of quantitative analysis, applications in specific sectors, public policy issues, etc. The Master of Arts in Economics lasts two years and the course is divided into four semesters.
|Course Name||Master Of Arts in Economics|
|Course Level||Post Graduate (PG)|
|Course Duration||2 Years|
|Examination Type||Semester Based|
|Eligibility Criteria||BA from Recognized University or any other Degree with required Minimum aggregate marks|
|Admission Process||Merit Based/ Entrance Based|
|Entrance Exams||BHU PET, JNUEE, CUEE, AUCET, DUET, MSE|
|Course Fee||INR 50,000 to INR 2 LPA|
|Average Annual Salary||INR 5-7 LPA|
|Top Recruiting Companies||ICICI Bank, RBI, Citi Bank, Kotak, etc.|
|Job Profiles||Professional Economist, Data Analyst, Equity Analyst, Financial Planner, Professional Economist, Data Analyst, Research Analyst, Teacher/ Professor, HR manager, Business Analyst, etc.|
Why Study MA in Economics?
A Masters in Economics can be both enjoyable and useful. The Masters in Economics provides students with a solid understanding of the subject and emphasizes the importance of growing needs and limited resources to meet those needs. A master's degree in economics can lead to a wider range of high-paying jobs than other bachelor's degrees. Graduates of the Master in Economics can work in the banking, scientific and organizational, government and investment sectors. The completion of the master’s degree in economics in postgraduate study also opens up the possibility of doing a doctorate in the same subject.
Economists are essential because they are responsible for identifying the structural changes occurring in the market, as well as for economic stability and national security. An economics master’s program is also a great way to approach Indian business service qualifications. Applicants who complete an economics master's degree with a good percentage have a good chance of ending up as economists in state and commercial companies.
The eligibility criteria for admission to the Masters in Economics are based on entrance exams or a performance-related selection. However, applicants interested in pursuing a Masters in Economics must meet the eligibility criteria listed below for a Masters in Economics:
The prerequisite is a completed economics education or a comparable education.
A minimum percentage of 50% is mandatory at Masters level.
In order to decide on a Masters in Economics, students should visit university websites and familiarize themselves with the course details. Students can use the course app both offline and online. In the offline mode, the student has to go to the university's Registrar's Office, pick up the form, fill in the data and pay the enrollment fee. Applying online for a Masters in Economics requires students to download a form, fill in the details and make an online payment. Both methods require the submission of valid documents for the verification process.
Skills Required for MA in Economics
As the MA in Economics is one of the most dynamic degree programs available, academic reading alone is not enough to set it apart. Students who choose to pursue a master’s degree are expected to develop a variety of skills. The master's program helps students to develop a niche and be successful in their professional field. Here are some of the skills that will make you a suitable Master of Economics graduate:
Expert in one technical domain
The Master of Economics fees charged by an institution depend on various factors. Some of the determining factors that influence the fee structure are institutional facilities, infrastructure, faculty, internship opportunities, etc. The average annual course fee is INR 50,000 - LPA 2. Below is a list of MA Economics Colleges in India and their fee structure:
|Name of College||Average Annual Fees|
|Bharath Institute of Higher Education, Chennai||INR 50,000 PA|
|United University, Allahabad||INR 85,000 PA|
|Rayat Bahra University, Mohali||INR 1 LPA|
|Krupanidhi Degree College, Bengaluru||INR 1.9 LPA|
Top Colleges Providing MA in Economics:
|Name of College||Average Annual Fee (INR)||Location|
|Ramjas College||INR 14,300||New Delhi|
|Miranda House College||INR 19,030||New Delhi|
|Symbiosis College of Arts and Commerce||INR 26,000||Pune|
|Christ University||INR 60,000||Bangalore|
Jobs and Placements in MA in Economics
The MA Economics course offers students a comprehensive and in-depth study of advanced economic theory. There are different jobs for candidates in different fields and organizations. Almost every industry in the world needs a candidate with an economics background who deals with various financial and monetary matters, e.g. B. Stockbroker, Business Analyst, Financial Analyst, Finance Manager, etc.
The private sector has many opportunities to provide graduates with a master's degree in economics. With the corporate sector heavily dependent on finance and economics leadership, the scope of the Masters in Economics has only grown in recent years. At the end of their studies, students can choose between various economic master’s theses directly via the employment office or on their own initiative. The average salary after completing a Masters in Economics is INR 6 LPA.
Here are some of the names in the private sector that offer a nice Master of Economics salary:
|Project Manager||INR 20 LPA|
|Senior Business Analyst||INR 8 LPA|
|Research Analyst||INR 5.4 LPA|
Some of the major government organizations that offer a range of jobs to MA Economics are RBI, Indian Economic Services, BHEL, Department of Commerce, Department of Railways and Defense Sector. The average salary after a Masters in Economics is INR 6 LPA. Here are some government positions for MA Economics and the salaries offered:
|Top Government Companies||Salary per month|
|Economist||INR 8 LPA|
|Administrative Officer||INR 7.4 LPA|
|RBI Grade B Officer||INR 5 LPA|
Top International Recruiting Companies who hire MA in Economics graduates are:
State Bank of India
Reserve Bank of India
Tata Consultancy Services
Some of the famous expert avenues open to successful graduates of the MA in Economics degree are indexed underneath with the corresponding salaries provided for the respective positions.
|Job Profiles||Job Description||Average Salary in INR|
|Professional Economist||Professional Economist collects and analyzes financial and socioeconomic data, advises businesses and governments on economic decisions, and develops models for economic forecasting.||INR 13,50,000|
|Equity Analyst||Equity analysts use their expert knowledge of stocks and bonds to provide financial guidance to individual investors, brokers, and investment consultants.||INR 4,20,000|
|Financial Planner||A financial planner, or financial advisor, works directly with clients and businesses in order to help them navigate the world of personal finance.||INR 3,50,000|
|Business Analyst||A Business Analyst is a professional who works closely with stakeholders to identify goals, develop best practices for data collection, and analyze current processes to determine what can be improved to achieve their desired outcome.||INR 6,80,000|
Scope for MA in Economics
A master's degree in economics is widely available as every company has a finance department that needs qualified graduates to effectively manage a company's economy and finances. Marketing, finance, the functioning of the market and the general functioning of the economy are strongly linked to the master's program in economics. This means that Masters in Economics with a good percentage and a high understanding of economics have a good chance of getting positions such as economist, research analyst, teacher, etc. in the public and commercial sector.
MA in Economics: Career Prospects
A PhD in Economics or another related research topic after earning a Masters in Economics is one of the best options if you have the desire, knowledge and potential to learn more. Top universities like Indian Institutes of Technology (IIT), Indian Institutes of Management (IIM), and others offer PhD programs. Continuing education in the master's program in economics is not only technically advantageous but can also help you to find a well-paid job. Master of Economics students can also pursue a master's degree and conduct research by pursuing a Ph.D. in economics or a similar discipline.