M.A. in Quantitative Economics is a 2- year long postgraduate level course that is divided into 4 semesters, with each semester lasting for 6 months. The course structure in designed to include advanced study in subject areas such as comparative economy, micro economy, macro economy, international economics, different quantitative analytical methods, etc.
The average fee charged in India for the course ranges between INR 2,000 and 1.5 lacs, depending upon the institute offering the course. Candidates with a minimum aggregate score of 55% at the level of graduation are eligible to apply, however, fees and application criteria often change with institutes.
The average annual starting salary offered in India to such postgraduates lies within the range of INR 4 to 9 Lacs, depending upon the organization and the candidate’s experience and expertise in the domain. The field has a lot of opportunities and a vast field of areas to work on. The average salary offered to such postgraduates varies from public to the private sector.
Listed below are some of the major highlights of the course.
|Course Level||Post Graduate|
|Examination Type||Semester System|
|Eligibility||Graduation from a recognized Board or equivalent qualification|
|Admission Process||Counselling after taking entrance examination|
|Course Fee||INR 2000 to 1.5 Lacs|
|Average Starting Salary||INR 4 to 9 Lacs|
|Top Recruiting Fields/Areas||Banking and Finance, Education and Communications, Business, Government and Public Sectors. Companies Include Mckinsey, GE, Tata Motors, Reliance Industries, Citi Bank, HSBC, Nestle, etc.|
M.A. in Quantitative Economics is a vast subject area that deals with a diverse range of modern- day issues grounded in Economics. The course aims to equip eligible students with the major contemporary tools that one needs to provide efficient solutions to economic problems. A number of universities and colleges across India offer this course comprising almost 32 types of different elective subjects that students can choose from. Certain institutions also allow enrolled students to specialize in certain fields such as Comparative Economics and Micro Economics.
The principle subjects covered in the curriculum are Quantitative Analytical Methods, Macroeconomics Microeconomics, Political Economics, Industrial Economics, Comparative Economic Systems, International Economics, Investment and Banking Systems, Public Policy Issues etc.
Candidates wishing to pursue the course need to meet the basic eligibility criteria listed below:
|Master of Arts in Andhra Pradesh||Master of Arts in Gujarat|
To this course, admission is usually merit-based, i.e., depending on the student’s performance at the Senior Secondary level, however some colleges might conduct entrance tests for shortlisting and admitting students to the course.
Some of the leading institutes in India offering M.A. in Quantitative Economics are listed here along with the corresponding locations and the average fees charged annually.
|COLLEGE NAME||CITY||AVERAGE FEES IN INR|
|St. Stephens College||New Delhi||8,000|
|Madras Christian College||Chennai||14,000|
|Lady Shree Ram college for Women||New Delhi||18,000|
|Madras School Of Economics (MSE)||Madras||23,000|
|Jawaharlal Nehru University (JNU)||New Delhi||1,000|
|Delhi School Of Economics (DSE)||New Delhi||14,000|
A semester- wise breakup of the course is given here.
|Microeconomic Analysis- I|
|Monetary Economics- I|
|Mathematics From Economics|
|Soft Skill Elective|
|Theory Of Pricing and Distribution|
|Macroeconomic Analysis - II|
|Quantitative Methods for Economic Analysis|
|Introduction to Computing|
|Social Orientation Elective|
|Economics Of Growth/ Development Economics|
|Issues in the Indian Economy|
|Economics of Industry|
|Classical Political Economy|
|Growth Models in Economics|
|Indian Public Finance|
|Selected Problems of the Indian Economy|
|Economics Of Agriculture|
|Advanced Statistics and Computer Application|
|Econometrics I and II|
|Labor Economics I and II|
|Demography I and II|
|Economics of Gender and Development I and II|
|Economics of Infrastructure I and II|
|Financial Institutions and Markets I and II|
|Economics of Insurance I and II|
Some of the popular professional avenues open to such postgraduates are listed below with the corresponding salaries offered for the respective positions.
|JOB POSITION||JOB DESCRIPTION||AVERAGE ANNUAL SALARY IN INR|
|Business Analyst||To analyze the potential growth areas for a business organization to maximize the profit earned.||4 to 5 lacs|
|Financial Analyst||To analyze the areas where improvement could be done and to apply techniques and tools for achieving feasible monetary gains.||3 to 5 lacs|
|Securities Analyst||The job broadly deals with the concerns related to security and assets of an organization.||4 to 6 lacs|
|Market Analyst||To analyze the potential areas in the market where investment should be made, taking the help of quantitative tools, determining risk factors.||4 to 8 lacs|
|Marketing Manager||To essentially deal with the marketing strategies of an organization, balance and maintain the workforce.||6 to 9 lacs|
|Operations Manager||To work extensively to properly maintain the operations of an organization. The job profile includes maintaining smooth conduct of operations and maintaining coordination among teams, among others.||6 to 12 lacs|