Master of Arts in Economics or MA Economics is a 2-year full-time or distance learning post-graduation program to sharpen student’s dexterity in areas of finance and management. The minimum eligibility criterion required for Masters degree is 50% aggregate in Bachelor’s degree in any discipline.
Admission to M.A. Economics is offered by many colleges and universities all over India generally through entrance exams for full time course while open universities like IGNOU provide admission on merit basis.Tuition fee for the course ranges from INR 10,000 to 50,000 while for distance mode it is approx. INR 12,000.
During the course time, one gets an in-depth knowledge about core subjects like Microeconomic theory, Macroeconomic theory and Mathematical Economics.
Some of the top institutes offering the course are:
A student as Master of Economics can get placed in some of the top finance companies like ICICI Bank, YES Bank, RBS, Kotak and many more with an expected salary of 1.8 lacs to 3 lacs for which one can work in the field of accounts, retail, sales, finance, tax, etc.
Mentioned below are some of the major highlights of the course.
|Examination type||Semester system|
|Eligibility||Bachelor’s degree in any discipline from a recognized university|
|Admission Process||Merit based|
|Top Recruiters||ICICI Bank, YES Bank, RBS, Kotak etc.|
|Job Profiles||Branch Manager-retail, Operations Officer, Analyst-broking, Credit officer, Cash Officer and others such.|
|Course Fees||INR 10,000 to 50,000|
|Average Starting Salary||INR 2.5 lacs to 4 lacs|
MA Economics provides a deep insight of finance and management sectors and civilizes the soft skills of a student which makes him/her to face any challenge in public sector, business or in industry. The program edifies latest principles of economic theory. It even gives a practical experience to students through internship programs.
Someone who is curious about the world’s economy, about how the finances in economy grow. Anyone who have a critical insight to analyze the ups and downs of financial market. 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.
M.A. Economics generally spans for 2 years as a full time course like in Delhi University, JNU, CHRIST University and Amity University. But, if someone opts for distance mode, it may last maximum for 5 years and minimum of 2 years like in IGNOU, Delhi
Here is a list of Top colleges for M.A. Economics where an applicant can move ahead to pursue the Economics degree.
Name of the Institute
|Average Annual Fees in INR|
Some institutes which offer MA Economics through distance learning mode are:
Interested aspirants for Economics degree must fulfil the below-mentioned eligibility criteria.
Although, eligibility criteria may differ for entrance exam procedure and merit based admission process. As in, Delhi University eligibility for merit-based admissions is aggregate 50% in B.A. (Hons) Economics done from DU only.
Admission to MA Economics 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 reserves certain seats for merit basis admissions along with entrance based admissions.
Colleges like Christ University, University of Hyderabad takes in application only through online/ direct mode as for Merit based admissions. Delhi School of Economics reserves 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 likeSavitribai PhulePune University conduct entrance exam.
During 2 years of MA Economics, one has to go through core courses, elective courses, internship programmes and term exams.
This 2 year course is divided in 4 semesters. 2 semesters of 1st year will have 4 core courses with term exams and seminars. In next 2 semesters of 2nd year students will have to study few elective papers along with core courses. Each course will carry 4 credits and 3rd and 4th semester will have internship programme and dissertation respectively.
Note: Student will have to get 80 credits to get the award of PG degree.
Syllabus for M.A. Economics according to the guidelines provided by UGC contains some of the following courses:
To enhance the understanding of students in exercising the microeconomic notions.
This course will make students capable of evaluating the ramifications of macroeconomic policies.
Introductory Mathematical Economics
To study economics through mathematical approaches.
Statistics And Computer Applications
To exhibit statistical ways which are applied in real economic world.
Growth And Development Economics
This course studies about the development issues and their solutions for various countries.
This course is about the economic knowledge of agricultural sector.
With this course student learns about International financial relations.
After completing Masters in Economics, one can opt for higher studies i.e. M.Phil. /Ph.D. in Economics. Many institutes provide Ph.D. in Economics where students can apply according to their choice although eligibility and admission criteria may vary from college to college.
Banking and Financial sector in India has covered a long path and is on its way to become 5th largest industry in the world by 2020. Job market is waiting eagerly for new minds to come and take the sector to new heights. Presently, Indian Banking sector holds the capital of INR 80 trillion with a huge scope of expanding its compass. Midpoint salary one can expect in this sector ranges between 4 lakh to 7 lakh.
Banking/ Finance/ Retail are actually very propitious sectors to begin your career with and after getting some experience in these sectors one can easily get managerial posts and can make a bright future line for themselves.
Numerous jobs for Economics postgraduates and their description is as follows.
Branch manager- Retail
A Branch manager have to look after every branch level activity to ensure success in business.
An individual will have to support the task team in projects and have to indulge in customer meetings.
As an analyst one has to collect and assay data from various sources for company and have to create reports and presentations.
Credit Officer- Retail
Credit Officer have to access documentation and finances of Retail also have to monitor login files and must maintain TAT.
He/She is responsible for cash balancing, receipts, payments and deposits, also have to take care of customer transactions.
Collections manager- Retail
Collects pending dues, handle complaint management and CRM.
The person conducts eminent research by using internal and external database to make a proper strategy for the development of company.