Doctorate in Economics (Ph.D.) Course details , Duration,Fees,Job,Scope ,Top colleges

Duration
3-5 years
Average Fees
INR 50, 000 to 5,00,000
Overview

About Ph.D. Economics course:

Doctor of Philosophy (PhD) in Economics course includes research portion, theoretical classes, practical subjects, a thesis project which would be completed under supervision.

Economics is not only about the distribution of wealth but also about the production of wealth. It deals with the wealth distribution and formation economic theories.

In today’s era where sources are limited, to know about consumption of resources is the most important aspects of our lives.  Doctor of Philosophy (PhD) in Economics course is designed for those students who are having desire to know about economics-related domains.

Students can specialize in fields like Income Distribution, Health Economics, Family Economics, Labour Markets, Poverty Public Policy, etc.  

The average course fees for Doctorate in Economics (Ph.D.) Courses range between INR INR 50, 000 to 5,00,000.

Doctorate in Economics (Ph.D.) Quick facts

Highlights for Doctorate in Economics (Ph.D.) program are provided in the table given below:

Course Level Doctorate
Full form Doctorate in Economics (Ph.D.)
Duration 3-5 years
Examination type Semester
Eligibility Students must have completed post-graduation and having master’s degree in Economics or in any relevant subject with 55 % aggregate marks from a recognized university (50 % in case of SC/ST students) are eligible.
Age Limit No age limit
Course fee INR 50, 000 to 5,00,000
Average Salary INR 5.0-8.0 LPA
Job Positions Marketing manager ,Economist, Professor , Management analyst
Doctorate in Economics (Ph.D.) Eligibility & Entrance exam

Eligibility Criteria for Ph.D. Economics course:

Every college and university have certain admissions criteria that students must achieve in order to take admission in the Doctor of Philosophy (PhD) in Economics course.

Students must have completed post-graduation and having master’s degree in Economics or in any relevant subject with 55 % aggregate marks from a recognised university (50 % in case of SC/ST students) are eligible.

There is no maximum age to apply for Doctor of Philosophy (PhD) in Economics course.

To qualify in an entrance exam is also an eligible condition for some colleges.

No backlogs should be remained at the time of admission in Doctor of Philosophy (PhD) in Economics course.

Entrance exam for Ph.D. Economics course:

Admission process of every college is different from one another. For exact information candidates must visit the college's official websites, in which they want to take admission. The admission process done through online and offline modes.

Few colleges and universities provide admission on entrance tests basis, which is held at national level, or state level such as Lovely Professional University National Entrance and Scholarship Test (Ph.D.) (LPUNEST), UGC NET, GATE, CAT etc.

Entrance exam

Conducting body

Exam type

Lovely Professional University National Entrance and Scholarship Test (Ph.D.) (LPUNEST)

Lovely Professional University

Online

UGC-NET

National Testing Agency (NTA)

Online

GATE

Indian Institute of Science & 7 IIT’s (Roorkee, Madras, Delhi, Guwahati, Kanpur, Kharagpur, Bombay)

Online

CAT

Indian Institutes of Managements

Online

While few colleges and universities provide admission into Doctor of Philosophy (PhD) in Economics course on merit basis. But for that students need to follow the following steps. Admission can be done either online or offline. 

Candidates must visit the official website for college in which they want to apply for admission purposes.

Students have to fill the online application form

Incomplete or wrong information will be rejected.

Students can make payment of fee through credit/Debit cards.

The students can also make payments through a bank e-challan.

After successful filling the application form students will receive an email.

The final selection will be done, once the application is received and students are invited for documentation verification round and interview.

Candidates are shortlisted on the basis of documentation, academic performance and interview; college will decide to allot a seat or not to candidate.

Doctorate in Economics (Ph.D.) Duration & Fees

Ph.D. Economics course duration:

The duration required to complete Doctor of Philosophy (PhD) in Economics course is minimum three years and maximum five years. It focuses on independent research project.

Topics of study during the curriculum are Introduction of science and research methodology to philosophy, Theory of Technical Progress and Economic Growth, International Trade and Finance, Advanced Economic Theory, Economics of Planning, Public Finance, Micro and Macro Economics, International Finance, International Trade, Corporate Finance, Economic Issues and Policy, Methods of Data Collection and many more.

Ph.D. Economics course fees:

The approximate fees required to pursue Doctor of Philosophy (PhD) in Economics course is INR 50,000-5,00,000 lacs. The fee varies depending on the location and whether the college/university is private/deemed or public.

Doctorate in Economics (Ph.D.) Jobs,Scope,Salary after course

Scope of Ph.D. Economics course:

After completion of Doctor of Philosophy (PhD) in Economics course, there are wide range of job opportunities available in areas such as digital marketing, academic institutions, banking, research centres, stock market, trade, media, etc.

They are assigned to job roles of Financial Analyst, Professor, Branch Retail Manager, Economist, Digital Marketer, Marketing Manager, Statistician, Stock Broker, Research Associate, Trade Analyst, Lecturer, Marketing Consultant, Risk Analyst, Investment Analyst and many more.

Recruiters which hire such professionals are Tata Consultancy Services, Godrej, Aon Hewitt, Accenture, Coca-Cola and many more. The average salary offered to fresher after completing Doctor of Philosophy (PhD) in Economics course is INR 5.0-8.0 LPA.

Job type

Job description

Approximate salary per year

Marketing manager

The responsibility of Marketing manager is to develop a comprehensive business strategy with business development managers, public relations managers, art directors, product team whether traditional or digital. A marketing manager also responsible for organizing marketing campaigns across globe based on demographics, region, gender, social behaviour, income for advertising campaigns and digital marketing.

7,50,000 lacs

Economist

Economists generally studies historical trends and examine them with the help of software make forecasts and analyse data.

Based on their employer, their focus of research may change. Economists work in local government and state, federal, to examine and collect data regarding employment, economy, prices, wages and productivity

6,00,000 lacs

Professor

The duty of an Economics Professor is to maintain class records, reporting department head and assesses student coursework.

Collaborating with staff related to curricular activities and research interests.

Duties also involved grading student essays and tests, answering student queries, tracking student progress.

 

5,00,000 lacs

Management analyst

Management analysts are professionals acts as management consultants and employed to enhance company performance. These consultants solve organisational problems regarding international markets.

Management analysts work in both government and private sectors, consultancy agencies, small and medium-sized enterprises or corporations such as Price Waterhouse Coopers (PWC), Deloitte, Ernst & Young (E&Y) and KPMG.

7,00,000 lacs 

 

Doctorate in Economics (Ph.D.) Top colleges offering course

Top Colleges for Ph.D. Economics course:

The Doctor of Philosophy (PhD) in Economics course requires few skills such as Observation and concentration, managing skills, Communication skills, Creativity and patience, eye for detail, Dedication and hard work, multi-tasking and presentation skills, Mindset of imagination and illustration.

At the time of admission students are required to bring following documents to ensure candidates academic performance.

Mark sheets of the class 10, class 10+2 examinations.

Graduation level certificates and Mark sheets.

Post-Graduation level certificates and Mark sheets.

Date of Birth proof (Certificate issued at time of birth).

Aadhaar Card

Caste certificate (if required) and Domicile Certificate

Two passport size photograph photos.

For the exact information candidates must visit the official website of colleges.

Name of college

Location

Approx. fees per year

Fergusson College

Pune

50,000

Mizoram University

Mizoram

85,000

School of Management, BML Munjal University

Gurgaon

70,000

Santosh University

Ghaziabad

3,20,000 lacs

Lovely Professional University

Punjab

2,50,000 lacs

 

 

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