Master of Arts [MA] (Economics) - Course Overview

  • STREAM

    ARTS

  • DURATION

    2 YEARS

  • COURSE

    Economics

  • COURSE TYPE

    Post Graduation

    MA (Master of Arts) Economics Course Details, Fees, Colleges, Admissions, Jobs, Salary 2020-21

    Atrisa Dutta Atrisa Dutta
    Content Curator

    MA Economics or Master of Arts in Economics is a 2 years long postgraduation course that is divided into 4 semesters. With a blend of all the aspects of economics in a society, MA Economics broadly and commonly focuses on topics like macroeconomics, microeconomics, public economics, econometry, international and financial economics.

    The course is the branch of science that deals with production and consumption and supply and demand changes in the markets. It is a broad account on utilization of resources in banking, market, insurance, investment and many other sectors of an economy.

    MA Economics DU AdmissionsMA Economics JNU AdmissionsMA Economics CCSU Admissions

    In order to be eligible to pursue this course, one needs to hold a bachelor degree in economics or in a related field with a minimum of 50%. Colleges like Miranda House, Loyola College and Lady Shri Ram College for Women are few of the popular colleges for this course among many.

    Read More: Top MA Entrance Exams in India

    Tabulated below are the top MA Economics colleges in India according to THE WEEK ranking.

    The WEEK 2019 RankingCollege NameAdmission ProcessAverage Annual FeesAverage Placement Offer
    1Lady Shri Ram College for WomenMerit-BasedINR 17,976INR 8-9 LPA
    4Loyola College, ChennaiMerit-BasedINR 10,200INR 3-6 LPA
    5Madras Christian College, ChennaiMerit-BasedINR 56,914INR 2-3 LPA
    7Miranda HouseMerit-BasedINR 19,030INR 3-8 LPA
    10Fergusson CollegeMerit-BasedINR 9,680INR 2-5 LPA

    The average annual MA Economics fees may range from INR 10,000-50,000, depending majorly on the choice of college made by an individual. After completing this course, one can proceed further with a PhD in Economics as it not only becomes a lot more easy post qualifying this course, but also gives a good career opportunity.

    Alert: Many MA Economics entrance exams like DUET have been postponed for indefinite time due to COVID 19 pandemic


    Professionals of this field may expect their annual salary ranging from INR 3 to 7 LPA depending on the level of qualification one possesses. Top recruiters like ICICI Bank, RBI, Citi Bank, Bank of India, Indian Institute of Technology, Accenture, HSBC and Indian Statistical Institute provide tons of job opportunities every year to the aspirants of this field with a good annual package.

    MA Economics Admission Process

    MA Economics Admission Process

    Admission in universities like Delhi University, Jawaharlal Nehru University, Manipal University and many others is done through entrance exams, but there are colleges like Christ University, Loyola College, University of Hyderabad and some more that rely on merit-based admission. 

    Different patterns of admission are followed by universities like IGNOU and Karnataka State Open University as they provide distance education by direct admission. However, certain Colleges like Delhi University and Department of Business Economic reserve a percentage of seats for merit-based admissions.

    Learn More about MA Economics IGNOU Admission 2020.

    MA Economics Eligibility

    The eligibility standards are different for admissions through entrance exams and merit basis, but students eager to pursue their masters in economics must fulfill the mentioned-below MA Economics eligibility criteria.

    • A bachelor degree in economics or in a relevant field of study.
    • A minimum percentage of 50% at the level of graduation is required.

    MA Economics Entrance Exams

    Compiled below is the list of few popular MA Economics exams that are conducted by various colleges in India every year.

    Exam NameConducted byEligibilityApplication Period (2020)
    DUETDelhi UniversityBachelor’s degree in economics or any discipline from a recognized universityJune 2nd-4th week of June
    JNUEEJawaharlal Nehru UniversityDecent score in Bachelor’s degree in economics March 2-April 30
    Centre of Development Studies Entrance TestCentre of Development StudiesUndergraduate qualification in economics or any discipline from a recognized universityExtended till April 27 
    BHU PETBanaras Hindu UniversityAverage score in undergraduate level in economics or related fieldJanuary 30-March 21
    Madras School of Economics Entrance ExamMadras UniversityBachelor’s degree in any disciplineMarch 16-April 11

    How to Prepare for MA Economics Entrance Exams?

    An individual willing to sit for entrance exams in order to study MA Economics must have a vivid knowledge of the common sections given in the tests. Given below are some of the sections on which students must start focusing to get themselves a reputed college.

    • Microeconomics
    • Macroeconomics
    • Basis Mathematics
    • Economical Mathematics
    • Probability, Statistics and Elementary Econometrics

    Successfully qualifying an entrance test can seem as one of the scariest things but at the same time, it is one of the most important tasks to accomplish in taking you a step forward towards your dream college. Following the tips given below, one may find clearing an entrance exam easy.

    • Note down the syllabus and start preparing study materials of each and every subject.
    • Start collecting previous years' questions and sample papers for getting more knowledge on the patterns of the questions.
    • Make a proper timetable and revise accordingly as well as thoroughly.
    • Surf through relevant websites and books to clear basic doubts.
    • Keep on practicing, taking help of different question banks until you become confident and perfect.
    • Continuous follow-up with the changing dates and updates of the exam is necessary.
    • Make sure to have a proper rest period regularly.

    How to get admission in a good MA Economics College in India?

    • In order to secure a seat in one of the good colleges of MA Economics, it is suggested to have more than 55% in the undergraduate level of degree.
    • Listing all the top colleges for the subject has to be done and keeping a track of important dates related to application and exams are to be noted.
    • Candidates must start taking preparations for the entrance exams a year before.
    MA Economics: What is it about?

    MA Economics: What is it about?

    Dealing with the understandings of finance and market managements, MA Economics syllabus revolves around the world’s economy and the distractions of the financial markets. It not only shows the functioning of finance in an economy but also makes one eligible to face challenges in the industry.

    • MA Economics is the study of wealth production, distribution and consumption in a society.
    • The course covers a huge part of macroeconomics in terms of price, output, employment etc. and microeconomics dealing with demands, supplies, markets, consumer behavior and with related topics in an economy. 
    • Every aspect of a country starting from individuals, businesses to government, and services depends on economics.
    • The degree holders may find themselves being placed in either government or private sectors of banking, finance and labor markets.

    MA Economics: Course Highlights

    Mentioned below are some of the major highlights of the course.

    Course LevelPostgraduate
    Duration2 years
    Examination typeSemester system
    EligibilityBachelor’s degree in economics or in any discipline from a recognized university
    Admission ProcessMerit-based and entrance exams
    Top RecruitersICICI Bank, RBI, Citi Bank, Kotak, etc.
    Job ProfilesProfessional Economist, Data Analyst, Equity Analyst, Financial Planner, Professional Economist, etc.
    Course FeesINR 10,000 to INR 50,000 
    Average Starting SalaryINR 5-7 Lakhs
    Why pursue MA Economics?

    Why pursue MA Economics?

    Studying this course can be interesting and fruitful at the same time. Look into the points below to know how.

    • MA Economics gives a good hold of the subject to the students as it teaches the value of increasing demands and limited means to fulfill the growing needs.
    • Pursuing MA Economics can get you a good scope of high paid jobs than other bachelor degrees. Banking, academic and organizational, government, and investment sectors are good career options for these degree holders.
    • Being qualified also opens the doors for pursuing PhD in the same field of study.
    • Economists are considered very important, as they are responsible in identifying the on-going structural changes in the market as well as dealing with the stability and national security of an economy.
    • This course can also be a perfect choice to get one-step closer to qualifying the Indian Economic Services.

    Course Comparison

    Oftentimes, students tend to become confused in choosing between MA Economics and MBA for higher studies. The table drawn below will help you in understanding the basic difference between the two.

    ParametersMA  EconomicsMBA
    ObjectiveThe main objective of MA Economics is to provide knowledge on all the aspects related to functioning of an economy.MBA as a course revolves around the objective of covering all the topics related to Business Management.
    Subjects TaughtBehaviour economics; banking and finance; labour market and reforms, etc.Finance management; principles of management; communication skills; business laws; entrepreneurship, etc.
    Average Annual FeesINR 10,000 to 70,000INR 3 to 25 lakh
    Duration2 years2 years
    EligibilityUndergraduate degree in any relevant field or the Entrance ExamsUndergraduate degree in any relevant field or Entrances like CAT, MAT, GMAT
    Top CollegesLady Shri Ram College For Women (LSR), Miranda House, Fergusson College, Loyola CollegeIIM Ahmedabad, XLRI Jamshedpur, MDI Gurgaon, FMS New Delhi
    Job RolesProfessional Economist, Data Analyst, Equity Analyst, Financial Planner, Professional Economist, etc.Financial Manager, Health Service Manager, High-End Management Consultant, Investment Banker, Chief Technology Officer
    Average Annual SalaryINR 5 to 7 LPAINR 7 to 13 LPA
    MA Economics vs MBA (Fees and Placement Comparison)

    Source: Official Surveys

    MA Economics Colleges

    MA Economics Colleges

    Tabulated below are some of top MA Economics colleges in India, along with the location, average fees and annual package offered.

    College NameCityAnnual Average Fee (INR)Annual Average Salary (INR)
    Miranda House CollegeNew Delhi 19,0303-8 LPA
    Presidency CollegeChennai9002-5 LPA
    Ramjas CollegeNew Delhi14,3003-7LPA
    Fergusson CollegePune9,6802-5 LPA
    Christ UniversityBangalore60,0006-13 LPA
    St. Mira’s College for GirlsPune14,8002-5 LPA
    Symbiosis College of Arts and CommercePune26,0003-9 LPA
    St. Xavier’s CollegeJaipur62,5005-10.5 LPA
    Kristu Jayanti CollegeBangalore67,0004-12 LPA
    Mithibai College of ArtsMumbai11,3003.5-7.5 LPA

    College Comparison

    Based on parameters like THE WEEK rankings, annual fees, annual packages offered and some more, here is the comparison of top colleges for MA Economics that one can discover to gain more clarity.

    ParametersLady Shri Ram College For WomenMiranda House CollegeFergusson College
    OverviewRanking 5th among the colleges in Delhi in Arts and Social Sciences, Commerce and Journalism, Lady Shri Ram College For Women (LSR) has 150 faculty and more than 2000 students with 16 courses to offer.Miranda House College, being  affiliated under Delhi University, is a college for women, established in 1948. The college has NAAC A+ accreditation with CGPA 3.61.Established by Deccan Education Society in 1885, Fergusson College is affiliated under Savitribai Phule Pune University (SPPU).
    LocationNew DelhiNew DelhiPune
    Rankings ( THE WEEK)1710
    Average Annual FeesINR 17,976INR 19,030INR 9,680
    Average Annual Salary OfferedINR 8-9 LPAINR 3-8 LPAINR 2-5 LPA
    Top companies visitedDeloitte, MSU, Citi Bank, KPMG, Samsung, PWCIBM, ITC, Wipro, Kotak Mahindra BankAmazon, Infosys, Accenture, Symphony, Capgemini
    MA Economics Distance Learning

    MA Economics Distance Learning

    Students eager to know more about MA Economics in India must know that apart from a regular postgraduate degree, the course is also available in the form of a distance degree by the universities like IGNOU,Sri Venkateswara University, Karnataka State Open University, Punjab University, Bangalore University andMumbai University.

    • The admission criteria may differ as per variable universities on basis of either merit or entrance exams.
    • MA Economics Distance Learning can take 2 years to 5 years for an individual to complete and the average annual course to study a distance program in the same course may cost from INR 9,000 to INR 12,000.
    • To get placed in any government or a private organization will not be difficult for any aspirant of economics with a distance degree in the same field of study
    • Distance Learning also gives ample opportunities to earn lucrative packages.

    The table below shows some of the top MA Economics distance learning colleges in India.

    College NameLocationCourse DurationApplication ProcessAverage Annual Fee
    IGNOUNew Delhi2 YearsMerit-BasedINR 4,500
    KSOUMysore2 YearsMerit-BasedINR 7,300
    Sri Venkateswara UniversityTirupati2 YearsMerit-BasedINR 2,250
    Mumbai UniversityMumbai2 YearsMerit-BasedINR 6,015
    MA Economics Syllabus

    MA Economics Syllabus

    The syllabus for MA Economics can vary depending on the colleges and the universities, but down here is the syllabus that is commonly followed.

    Semester 1Semester 2
    Microeconomic TheoryMacroeconomic Theory
    Introductory Mathematical EconomicsTheory of Pricing and Distribution
    Introductory EconometricsInternational Finance
    International TradeQuantitative Methods
    Semester 3Semester 4
    Development EconomicsPublic Economics
    International EconomicsEconometrics-2
    Econometrics-1Project Work
    Industrial Economics (Electives)Financial Economics (Electives)
    Environmental Economics (Electives)Economics of Infrastructure (Electives)
    Globalization and Economics (Electives)Economic Demography (Electives)
    -Economics and Law (Electives)

    MA Economics Books

    MA Economics Books help students clear the exams and make the education a smooth process. There are a lot of such book available in the market and we have made a list of the some of the best ones for you. Following are the popular books one can refer to when pursuing MA Economics.

    Economics BooksAuthor
    Indian EconomyRamesh Singh
    Delhi University M.A. Economics Entrance Test GuideR. Gupta
    A History of Economic ThoughtS.Chand
    Contemporary Economic Issues in IndiaP.K. Chaubey
    Business EconomicsDr. J.P.Mishra
    Micro EconomicsP.N. Chopra
    Essays on Economic IssuesNarasimha Murthy M.S.
    MA Economics Job Prospects

    MA Economics Job Prospects

    Since this subject is closely associated with finance, markets and the functioning of an economy as a whole, professionals of MA Economics with a decent percentage have a huge scope of getting placed in both government and private organizations as economists.

    Following are the various suitable MA Economics job profiles which degree holders can get.

    Job RoleJob DescriptionAverage Annual Salary
    Research AnalystA research analyst does the work of examining data and producing helpful information to the employers.INR 5,18,000
    Data AnalystConducting surveys, acquiring relevant information and presenting those collections into charts and graphs are what data analysts do.INR 3,85,000
    High School TeacherThe job of a high school teacher is to make students familiar with all the aspects of economics mentioned in the curriculum off the board of education, and to conduct tests and project works.INR 3,50,000
    EconomistConducting and designing researches to identify trends as well to assist the government, banks and agencies are the day-to-day work of an economist.INR 7,92,000
    Primary School TeacherPrimary school teaches economics as part of social science to the primary students.INR 2,47,000
    Director of OperationsTo ensure that all the individuals working in a firm are productive as well as  to control purchases related to resources is the typical of a director of operations.INR 30,00,000
    Project ManagerA project manager does all the jobs related to projects. Starting from developing a project plan, communicating the same to managing and arranging resources for the projects, everything has to be checked.INR 20,00,000

    MA Economics Top Recruiters

    The top recruiters of MA Economics graduates from both private and public organizations are as follows:

    Government OrganizationsPrivate Organizations
    Rail India Technical and Economic ServicesInfosys
    Directorate of Economics and Statistics, ManipurZocdoc, Inc.
    Department of Economic AffairsBuhler India Pvt Ltd
    Reserve Bank of IndiaDell, Inc.
    Indian Statistical UniversitiesAccenture
    Central Bank of IndiaHSBC

    The graph below represents the salary trends of various job profiles. The average MA Economics salary is INR 5-7 lakh.

    Salary Trend of M.A Economics Job Roles

    Source: Payscale

    MA Economics Future Scope

    MA Economics Future Scope

    Education is never ending, and if one has the potential and willingness to study further, then pursuing a Ph.D. in Economics or in another related research field may seem interesting. There are top universities like Indian Institutes of Technology (IITs), Loyola College, Indian Institutes of Management (IIMs) and many more offering a PhD in Economics.

    The top specific courses to choose post MA Economics are listed below:

    One can consider the above mentioned courses to continue with their further studies, in order to get an in-depth knowledge of specializations attached to the subject as well as of the subjects as whole. Studying further MA Economics is not only worthy in terms of gaining knowledge but it can also make an individual eligible enough to bag a high paid job.

    MA Economics FAQs

    MA Economics FAQs

    Ques. Is MA in Economics tough?

    Ans. If you already had economics in your undergraduate level then you already have an idea of the subject, but if you did not have economics previously, then it might seem difficult but one can surely overcome it.

    Ques. Which are the best universities for MA  in Economics?

    Ans. Universities like Lady Shri Ram College For Women, Miranda House College, Loyola College, Madras Christian University, Christ University, Bangalore and Fergusson College are few of the top universities to study the course.

    Ques. Which Course is better, MBA or MA in Economics?

    Ans. In terms of cost to study, MBA is more expensive than a master in economics. Average salary of an MBA can be more than masters in economics, depending on the job level and role.

    Ques. What is the basic difference between MA Economics and MSc Economics?

    Ans. Both the courses are of 2 years, but MA Economics revolves around the principles of humanities in the field of economics and MSc economics deals with the scientific principles of economics.

    Ques. Is MA Economics worth studying?

    Ans. Considered as one of the best paying postgraduate degrees, MA Economics with decent grades can offer opportunities both in government and private sectors with good pay.

    Ques. Will there be any impact of Covid 19 on MA Economics Admissions?

    Ans. Yes, many MA economic entrance exams have been postponed due to the Covid 19 pandemic throughout the world.

    Ques. What can be done after MA Economics?

    Ans. One can try their career for the job roles like Investment analyst, Finance analyst, Economists, Satisfaction, Market researchers and more.

    Ques. How can one get MA Economics admission?

    Ans. The minimum eligibility to study MA Economics is to have 50%-55% in the undergraduate level. However, some colleges do have entrance exams to qualify for this.

    Ques. How many total subjects are there in MA Economics?

    Ans. As per the Delhi School of Economics, there are 6 core subjects and 9 electives for MA Economics.

    Master of Arts [MA] (Economics) Fee Structure in India


    590 (Minimum Fee)PUBLIC COLLEGES5 L (Maximum Fee)
    27.98 K (Average Fee)
    677 (Minimum Fee)PRIVATE COLLEGES9.3 L (Maximum Fee)
    45.77 K (Average Fee)

    Master of Arts [MA] (Economics) Fee Structure by State


    Tamil Nadu

    590PUBLIC COLLEGES60 K
    11.37 K
    677PRIVATE COLLEGES61 K
    17.88 K

    Maharashtra

    2 KPUBLIC COLLEGES1.13 L
    21.53 K
    2.75 KPRIVATE COLLEGES1.7 L
    24.38 K

    Uttar Pradesh

    2.12 KPUBLIC COLLEGES19.85 K
    7.64 K
    2.6 KPRIVATE COLLEGES2.4 L
    34.42 K

    Kerala

    1.27 KPUBLIC COLLEGES45 K
    8.54 K
    4.42 KPRIVATE COLLEGES1.51 L
    33.64 K

    Delhi NCR

    2.12 KPUBLIC COLLEGES5 L
    81.45 K
    7.31 KPRIVATE COLLEGES9.3 L
    1.49 L

    Madhya Pradesh

    1.87 KPUBLIC COLLEGES40 K
    11.26 K
    2 KPRIVATE COLLEGES1.05 L
    43.13 K

    Karnataka

    7 KPUBLIC COLLEGES1.26 L
    37.77 K
    12.1 KPRIVATE COLLEGES1.61 L
    59.93 K

    Haryana

    3.72 KPUBLIC COLLEGES5 L
    79.87 K
    11.13 KPRIVATE COLLEGES9.3 L
    1.37 L

    Rajasthan

    9.55 KPUBLIC COLLEGES70 K
    34.97 K
    2.54 KPRIVATE COLLEGES1.35 L
    42.14 K

    Punjab

    15.9 KPUBLIC COLLEGES81.59 K
    43.19 K
    20.4 KPRIVATE COLLEGES80 K
    49.74 K

    Bihar

    1.9 KPUBLIC COLLEGES20 K
    7.72 K
    4.55 KPRIVATE COLLEGES26.84 K
    13.63 K

    Andhra Pradesh

    2.5 KPUBLIC COLLEGES18.9 K
    9.53 K
    5.4 KPRIVATE COLLEGES52 K
    19.87 K

    Uttarakhand

    3.44 KPUBLIC COLLEGES3.37 L
    46.18 K
    1.64 KPRIVATE COLLEGES3.37 L
    81.7 K

    Gujarat

    3.64 KPUBLIC COLLEGES4 L
    88.07 K
    13 KPRIVATE COLLEGES4 L
    1.25 L

    Orissa

    2.03 KPUBLIC COLLEGES2.03 L
    26.84 K
    2.46 KPRIVATE COLLEGES1.71 L
    57.19 K

    Chhattisgarh

    1.55 KPUBLIC COLLEGES38.49 K
    9.64 K
    10.9 KPRIVATE COLLEGES63 K
    31.35 K

    Assam

    9.2 KPUBLIC COLLEGES17.95 K
    13.19 K
    13.63 KPRIVATE COLLEGES1.81 L
    49.4 K

    Jharkhand

    4.78 KPUBLIC COLLEGES62.8 K
    23.95 K
    1.89 KPRIVATE COLLEGES1 L
    38.32 K

    West Bengal

    4.48 KPUBLIC COLLEGES2.32 L
    29.03 K
    8.46 KPRIVATE COLLEGES1.89 L
    98.58 K

    Telangana

    4.52 KPUBLIC COLLEGES12 K
    8.17 K
    5.25 KPRIVATE COLLEGES30.2 K
    13.17 K

    Chandigarh

    19.65 KPUBLIC COLLEGES65.4 K
    41.01 K
    12.79 KPRIVATE COLLEGES1.4 L
    69.13 K

    Himachal Pradesh

    10.85 KPUBLIC COLLEGES1.41 L
    56.94 K
    13.2 KPRIVATE COLLEGES13.2 K
    13.2 K

    Jammu and Kashmir

    6 KPUBLIC COLLEGES2.82 L
    69.02 K
    9.35 KPRIVATE COLLEGES9.35 K
    9.35 K

    Arunachal Pradesh

    29 KPUBLIC COLLEGES29 K
    29 K
    5.24 KPRIVATE COLLEGES97.5 K
    54.25 K

    Meghalaya

    8.74 KPUBLIC COLLEGES1.73 L
    89.69 K
    2.15 LPRIVATE COLLEGES4 L
    3.08 L

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