Economics; Colleges, eligibility, Recruiters, Syllabus, Entrances, Job prospects

M.A. Economics provides a deep insight of finance and management sectors and civilizes the soft skills of students which makes them face any challenge in the public sector, business or in industry. The program edifies the latest principles of economic theory. It even gives practical experience to students through internship programs. Someone who is curious about the world’s economy and about how the finances in an economy grow should opt for this course. Anyone who has a critical insight to analyze the ups and downs of the financial market should also choose M.A. Economics course. Economics, as we all study in our school books, is the science of production, distribution, and consumption of wealth and this course is for those minds who believe in that definition.

Top College

  • Miranda House College, New Delhi
  • Presidency College, Chennai
  • Fergusson College, Pune
  • Ramjas College, New Delhi
  • Christ University, Bangalore
  • Banasthali Vidyapith, Jaipur
  • Kristu Jayanti College, Bangalore
  • Mithibai College of Arts, Mumbai
  • Jyoti Nivas College, Bangalore
  • Symbiosis College of Arts and Commerce, Pune

Highlights

Course Level Postgraduate
Duration 2 Years
Examination Type Semester System
Eligibility Graduation from a recognized university
Admission Process Merit Based

Courses and Eligibility

Courses Duration Eligibility Entrance
BA 3 Years 10+2 completed with any combination of subjects Merit based Admission
MA 2 Years BA with Economics honors from a recognized institution  CUSET, AUCET, JNU Entrance Exam, DU Entrance Exam, Etc.

Top Recruiters

  • ICICI Bank
  • YES Bank
  • RBS
  • Kotak, etc.

Admission Process

Admission is usually done through entrance exams as well as on merit basis. Jamia Millia Islamia, Delhi University, Manipal University, Jawaharlal Nehru University and various other universities provide admissions through entrance test. Although, certain colleges like Delhi University reserve certain seats for merit basis admissions along with entrance based admissions.
Colleges like Christ University, University of Hyderabad take application only through online/ direct mode as for Merit-based admissions. Department of Business Economic reserve only 50% of its seat for merit-based admission. 
Distance mode of admission also follows a mixed pattern, as Universities like IGNOU, Delhi, and Karnataka State Open University offers direct admissions while some like Savitribai Phule, Pune University conduct entrance exam.

Syllabus

Semester I

  • Microeconomic Analysis
  • Monetary Economics
  • Elementary Statistics
  • International Trade
  • Optional Paper I 

Semester II

  • Theory of Pricing and Distribution
  • Macroeconomic Analysis
  • Quantitative Methods
  • International Finance
  • Viva Voce

Semester III

  • Economics of Growth
  • Public Economics
  • Issues in the Indian Economy
  • Economics of Industry
  • Optional Paper II

Semester IV

  • Growth Model in Economics
  • Indian Public Finance
  • Selected Problems of the Indian Economy
  • Economics of Agriculture
  • Viva Voce

Skills Required

  • Problem solving skills
  • Logical bent of mind
  • Inference of Data
  • Presentation of Idea
  • Innovative techniques and policies
  • Strong Mathematics
  • Good at handling Money and problems related to it

Top Entrances

Most colleges conduct their own entrance exams. Some popular entrance exams are mentioned below.

  • CUCET
  • AUCET
  • DUET
  • PUET
  • JNU Entrance Exam, etc.

Careers and Job Prospects

 

Job Profile  Job Description Average Annual Salary in INR
Branch manager-Retail A Branch manager has to look after every branch-level activity to ensure success in business. 6.5 lakhs
Analyst- Broking As an analyst, one has to collect and assay data from various sources for the company and have to create reports and presentations. 4 lakhs
Credit officer- Retail Credit Officer has to access documentation and finances of retail and also has to monitor login files and must maintain TAT. 4.5 lakhs
Collections manager- Retail Collects pending dues, handles complaint management and CRM. 5.5 lakhs

FAQs 

Q: What are the career prospects after MA Economics?
A: After completing a Masters in Economics, one can opt for higher studies in courses like:

  • Ph.D. (Business Economics)
  • M.Phil. (Economics)

Many Institutes provide PhD in Economics where students can apply according to their choice, although eligibility and admission criteria may vary from college to college.
Apart from higher studies, there are many job opportunities available after completing M.A. Economics course. Some of the popular job roles available are:

  • Branch Manager
  • Operations Officer
  • Cash Officer
  • Analyst
  • Collection Manager

Q: What is the Eligibility for MA in Economics?
A: Given below are the general minimum eligibility criteria:
Direct Mode: Candidate must have secured 60% aggregate marks in BA Economics.
Entrance Mode: Candidates should have 60% or 1st division or equivalent CGPA in any UG/PG degree in any subject along with clearing the entrance marks with minimum qualifying marks set by the university/ college. 

Q: What is the admission process into MA Economics?
A:  Admission is usually done through entrance exams as well as on merit basis. Jamia Millia Islamia, Delhi University, Manipal University, Jawaharlal Nehru University and various other universities provide admissions through entrance test. Although, certain colleges like Delhi University reserve certain seats for merit basis admissions along with entrance based admissions.
Colleges like Christ University, University of Hyderabad take application only through online/ direct mode as for Merit-based admissions. Department of Business Economic reserve only 50% of its seat for merit-based admission. 
Distance mode of admission also follows a mixed pattern, as Universities like IGNOU, Delhi, and Karnataka State Open University offers direct admissions while some like Savitribai Phule, Pune University conduct entrance exam.

Q: What are the top entrance exams for MA Economics?
A: Most colleges conduct their own entrance exams. Some popular entrance exams are mentioned below.

  • CUCET
  • AUCET
  • DUET
  • PUET
  • JNU Entrance Exam, etc.

Q: What are the top colleges for studying MA Economics?
A:  Here are some of the top colleges for MA Economics:

  • Miranda House College, New Delhi
  • Presidency College, Chennai
  • Fergusson College, Pune
  • Ramjas College, New Delhi

Check the top colleges section for further details.

Q: Are there any colleges which provide distance education for MA Economics?
A: Institutes Offering Distance Learning Education

  • IGNOU, New Delhi
  • Delhi University
  • Mumbai University
  • Punjabi University
  • Bangalore University
  • Nalanda Open University, Patna

Q: What are the skills required for MA Economics?
A:  Some of the skills required for MA Economics are mentioned below:

  • Problem solving skills
  • Logical bent of mind
  • Inference of Data
  • Presentation of Idea
  • Innovative techniques and policies
  • Strong Mathematics
  • Good at handling Money and problems related to it.

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