About M.Phil. Economics course:
Master of Philosophy in Economics course is designed for those students who are having desire to know about economics-related domains. In today’s era where sources are limited, to know about consumption of resources is the most important aspects of our lives.
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.
An MPhil in Economics may be awarded to postgraduate candidates for original research, similar to what a PhD student does. This course includes research portion, theoretical classes, practical subjects, a thesis project which would be completed under supervision.
Students can specialize in fields like Income Distribution, Health Economics, Family Economics, Labour Markets, Poverty Public Policy, etc.
The average course fees for Masters in Economics (M.Phil.) Courses range between INR INR 3,000 to 1,00,000.
Masters in Economics (M.Phil.) Course Admission Process:
Masters in Economics (M.Phil.) Quick facts
Highlights for Masters in Economics (M.Phil.) program are provided in the table given below:
| Course Level |
Masters |
| Full form |
Masters in Economics (M.Phil.) |
| Duration |
2 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 3,000 to 1,00,000 |
| Average Salary |
INR 5.0-8.0 LPA |
| Job Positions |
Management analyst ,Professor ,Economist ,Marketing manager |
Masters in Economics (M.Phil.) Eligibility & Entrance exam
Eligibility Criteria for M.Phil. Economics course:
Every college and university have certain admissions criteria that students must achieve in order to take admission in the Master of Philosophy 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 Master of Philosophy 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 Master of Philosophy in Economics course.
Entrance exam for M.Phil. 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 JNUEE, UGC NET, DUET, JMI PG Entrance Exam etc.
|
Entrance exam
|
Conducting body
|
Exam type
|
|
UGC-NET
|
National Testing Agency (NTA)
|
Online
|
|
JNUEE
|
National Testing Agency (NTA)
|
Online
|
|
DUET
|
National Testing Agency (NTA)
|
Online
|
|
JMI PG Entrance Exam
|
Jamia Millia Islamia (JMI) University
|
Offline
|
While few colleges and universities provide admission into Master of Philosophy 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.
Masters in Economics (M.Phil.) Duration & Fees
M.Phil. Economics course duration:
The duration required to complete Master of Philosophy in Economics course is two years which is further divided into four semesters. It is a post- graduate course emphasis on independent research project.
Topics of study during the curriculum are Contemporary issues of Indian Economy, Data and its Sampling Considerations and Collection, Understanding Research, Testing of Hypothesis and Probability Distribution, Referencing Techniques, Research Results Reporting, and Plagiarism, Econometric Methods, Advances in Economic Policy and Theory, Advances in Macroeconomic Theory, Advances in Microeconomic Theory, Development and Trade Dynamics, Review of Literature and many more.
M.Phil. Economics course fees:
The approximate fees required to pursue Master of Philosophy in Economics course is INR 3,000-1,00,000 lacs. The fee varies depending on the location and whether the college/university is private/deemed or public.
Masters in Economics (M.Phil.) Jobs,Scope,Salary after course
Scope of M.Phil. Economics course:
After completion of Master of Philosophy 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 Master of Philosophy in Economics course is INR 5.0-8.0 LPA.
|
Job type
|
Job description
|
Approximate salary per year
|
|
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
|
|
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
|
|
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
|
|
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
|
Masters in Economics (M.Phil.) Top colleges offering course
Top Colleges for M.Phil. Economics course:
The M.Phil. [Master of Philosophy] 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.
After completion of Master of Philosophy in Economics course post-graduates can go for further studies such as PhD in Economics. 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
|
|
Jadavpur University
|
Kolkata
|
4000
|
|
Banasthali University
|
Jaipur
|
75,000
|
|
Bharathiar University
|
Coimbatore
|
9500
|
|
University of Hyderabad
|
Hyderabad
|
8500
|
|
Jamia Millia Islamia
|
New Delhi
|
15,000
|
Flame University
AKS University Amicable Knowledge Solution
ADYPU Ajeenkya DY Patil University
Alliance University
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Jagran Lakecity University
Ashoka University
St. Xavier's University Kolkata
