MSc Agricultural Economics Eligibility, Colleges, Admission, Entrance Exams, Syllabus, Jobs, Salary 2021

Sounak Banerjee's profile photo

Sounak Banerjee

Content Curator

What is MSc Agricultural Economics?

MSc in Agricultural Economics is a 2-year post-graduate program also popularly known as Agrieconomics. In simple terms, MSc in Agricultural Economics is a branch of economics that deals with the study of enhancing the production, distribution, and productivity of agricultural produce through the application of economic principles and theories.

See more: 

MSc in Agricultural Economics eligibility required that students are required to hold a Bachelor’s degree in Science with an aggregate of at least 50% marks. 

Admission to MSc Agricultural Economics course will be done either on the basis of the candidate's performance in the Bachelor’s degree exam or on the basis of their performance in the entrance exams conducted by admission authorities.

MSc Agricultural Economics primarily focuses on increasing crop yield and land productivity but there are various other aspects to it.This course focuses more on practical and application-based knowledge rather than theoretical concepts.

This course covers a wide variety of topics risk management, agricultural finance, environmental and natural resource economics, supply chain management, and agricultural policies.

MSc Agricultural Economics Course Highlights

Course Level Postgraduate
Full form Master of Science in Agricultural Economics
Duration 2 years
Examination type Semester system
Eligibility Bachelor’s degree in Agriculture or its equivalent
Admission process Qualifying CET followed by GD/PI
Average Annual Fees INR 10,000 to 2,00,000
Average Annual Salary INR 2,00,000 to 10,00,000
Admission Process

What is the MSc Agricultural Economics Admission Process?

Admission to this course is usually based on the score obtained by a candidate in an MSc entrance exam. Some of the major all India entrance exams conducted for this purpose are BHU PET, DUET etc. Some colleges also offer admission on merit basis. The various steps involved in the admission process are given below.

Merit-based Selection

The guide for merit based Msc Agricultural Economics is mentioned below:

  • Submit the application to the colleges or universities you are interested in. 
  • Maintain a good score throughout your Bachelor’s degree exams. 
  • In due course of time, colleges release their cutoff lists. Check if you are eligible for admission into the desired course.
  • If eligible, visit the college and submit all the required documents.

Entrance-based Selection

The guide to apply for entrance exam based admission is as follows.

  • Registration: Candidates have to register themselves for the entrance exams. 
  • Application form: Fill up the application form with all necessary details carefully. 
  • Submit documents: Scan and upload all required documents like mark sheets. Documents need to be uploaded in a specific format only, as specified by the institute’s application portal.
  • Application fee: A minimal application fee is to be paid online during the submission of the application form. Payment can be done by all online payment modes.
  • Download admit card: Admit cards are released once all applicants are judged for eligibility. The admit card must be downloaded and printed out to be used on the day of the examination.
  • Examination: Prepare for the exam as per the syllabus and past papers. Appear for the examination on the date announced.
  • Results: Based on candidates performance in the entrance exam, results will be announced.

What is the MSc Agricultural Economics Eligibility Criteria?

The eligibility criteria for MSc Agricultural Economics aspirants is not complicated and is as follows. It must be noted that the eligibility criteria will differ from institute to institute

  • Must possess a bachelor’s degree in Agriculture or an equivalent degree from a UGC recognized university.
  • Must have obtained an aggregate score of at least 60% or above in graduation as well as 10 + 2 (with a 10% relaxation of marks for ST/SC/PWD candidates)
Entrance Exams

MSc Agricultural Economics: Entrance Exams

In most of the colleges, the MSc Agricultural Economics admissions are done on the basis of the results in the entrance tests. 

Some of the popular MSc Agricultural Economics entrance exams are provided below:

  • BHU PET- The Banaras Hindu University conducts its Post graduate Entrance Test (PET) to fill seats in MA, MCom, MSc, MFA, MPA, MEd courses etc.. The exam will be held in computer-based mode, in 200 cities across India. The candidates who qualify this entrance exam will be called for counseling and seat is allocated on the basis of performance in the exam.
  • DUET- Delhi University Entrance Test (DUET) is conducted by Delhi University in order to offer admission to aspirants in various UG, PG, MPhil and PhD programs. The entrance exam is conducted by the National Testing Agency (NTA) on behalf of Delhi University. Also check DUET 2021 Practice Papers here.
Exam Name Application Period Date of Exam Mode of Exam
BHU PET 2021 To be announced To be announced Offline
DUET 2021 To be announced First or Second Week of June 2021 Online

How to prepare for MSc Agricultural Economics entrance exams?

If your college includes an entrance test in the admission procedure, then you must be well prepared for it. So, here we are with some interesting preparation tips for you:

  • You must be completely familiar with the exam pattern. Get to know the number of sections and the total number of questions that you have to answer. 
  • Knowing the syllabus properly is also of primary importance. You need to download the syllabus from the official website of the university.
  • In most cases, you will be dealing with multiple-choice questions. If that is the case, then check whether there is negative marking or not. 
  • Another very good way to perform well is to appear for regular mock tests. This will make you accustomed to the type of questions and the examination patterns. Various educational institutes hold regular mock tests for the students.
  • Revision is also an integral part of preparation. You need to revise all the chapters and the important topics properly. Otherwise, even after preparing all the chapters, you might not get a really good rank. 

How to get admission in a good MSc Agricultural Economics college?

To secure admission into a top-ranked MSc Agricultural Economics college, a number of factors come into play. Some of the following tips will be helpful in that regard.

  • Candidates need to have the minimum eligibility criteria of having 55% in the Graduation BSc in a relevant field.
  • A good preparation for the entrance exam is always a safe option.
  • Preparation must be started after announcement of application fill up that doubles up the chance of doing well in the exam.
  • Checking the course curriculum, regular and visiting faculty as well exposure , internship will help the candidate to sort out the best college for them.
  • Placement opportunity is a must on the checklist .The last few years record will be helpful to understand the placement condition.
Course Syllabus

MSc Agricultural Economics: Syllabus

A list of topics taught to the students pursuing MSc in Agricultural Economics is tabulated below:

SEM- I SEM-II SEM- III SEM-IV
Microeconomic theory and application Research methods for social sciences Agricultural finance project management Seminar
Macroeconomic theory and policy Agricultural Marketing & Price analysis Agricultural development & policies Master’s research
Agriculture production economics International economics Agricultural price analysis Comprehensive
Linear programming methods Elementary Econometrics Agricultural input marketing Project evaluation
Top Colleges

MSc Agricultural Economics: Top Colleges

The table below shows the best MSc Agricultural Economics colleges and universities that offer the course in a full-time mode

University/ College Name Admission Process Average Annual Fees
LPU, Jalandhar Merit-Based INR 1,98,000
RIMT University, Punjab Merit-Based INR 1,30,000
Dolphin PG Institute of Biomedical and Natural Sciences, Dehradun Merit-Based INR 1,45,000
Suresh Gyan Vihar University, Jaipur Merit-Based INR 1,56,000
Sanskriti University, Mathura Merit/ Entrance-Based INR 60,000
Uttaranchal College of Biomedical Sciences & Hospital, Dehradun Merit/ Entrance-Based INR 1,20,000
BFIT Group of institutions, Dehradun Merit/ Entrance-Based INR 1,17,000
Amity University, Noida Merit-Based INR 1,35,000
BHU, Varanasi Merit/ Entrance-Based INR 1,000
MDU, Rohtak Merit-Based INR 20,274
Andhra University, Visakhapatnam Merit/ Entrance-Based INR 1,01,000

MSc Agricultural Economics College Comparison

The tabulation below depicts the comparison made among the two top MSc Agricultural Economics colleges in India.

Parameters LPU Jalandhar RIMT University
Overview LPU is the first private university to be granted ICAR Accreditation by The Minister of Agriculture, Government of India RIMT is one of the top private universities in the field of M.Sc in agricultural economics.
Eligibility BSc (Agriculture)/ BSc (Hons) Agri or its equivalent with at least 60% marks or its equivalent BSc (Agriculture)/B.Sc (Hons) Agri degree
Admission Criteria Must have BSc degree with 60 % marks and Qualify LPU NEST Merit basis i.e. based on marks obtained in the MSc Agricultural Economics
Duration 2 years 2 years
Entrance Exam LPU NEST No entrance exam
Average course fees/semester INR 1,20,000 INR 49,900
Course Comparison

MSc Agricultural Economics Course Comparison

MSc Agricultural Economics vs MSc Economics

Both MSc Agricultural Economics and MSc Economics are master’s courses in the field of Economics. However, they are quite different. 

Check the list of Top MSc Economics Colleges in India

Check the table below for more comparative details:

Parameters MSc Agricultural Economics MSc Economics
Objective The objective of this program is to equip students with various tools to solve the problems arising in this sector The objective of the course is to educate students about various aspects of economics namely microeconomics, macroeconomics, time series analysis, econometrics, etc.
Full form Master of Science in Agricultural Economics Master of Science in Economics
Duration the course 2 years 2 years
Examination system Semester based Semester based
Admission process Entrance/ Merit-Based Entrance/ Merit-Based
Eligibility criteria Degree in BSc Agriculture or its equivalent with at least 60% marks in aggregate or its equivalent grading system. Graduation Degree in any discipline with at least 60% marks in aggregate or its equivalent grading system.
Top Entrance Exams LPU NEST, ICAR entrance exam IIT JAM, ISI Entrance test
Subjects taught International economics, Master’s research, Agricultural Marketing & Price analysis, Agricultural development & policies, Agricultural input marketing Microeconomics, Macroeconomics, Time series, and regression analysis, Ecological economics, Indian economic development, Game theory
Average Course Fees INR 1,000 to 2,00,000 INR 20,000 to 2,00,000
Average Annual Salary INR 1,00,000 to 10,00,000 INR 6,00,000 to 12,00,000
Top recruiting companies/organizations ICAR,Cargill,NABARD,Indian agriculture research institute,Rashtriya chemical & fertilizers Ltd.,ISPL FICCI, NCAER, RBI, TERI, Data analytics firms, Other PSUs, Economic forecasting firms
Top Job roles Agricultural consultant, teaching assistant, farming manager, commodity analyst Economist, Financial manager, Litigation Consultant, Policy Analyst, Mutual fund manager, Economics Professor, Indian Economic service officer
Future Scopes

MSc Agricultural Economics: Future Scopes

Being a very popular discipline, MSc in Agricultural Economics course has excellent future scope. The students are exposed to numerous ways in which they can build their career:

  • PhD: If one wishes to continue in the same field of education, the first program of choice is a PhD Agricultural Economics. It is a three to five year duration course and the eligibility criteria include having a MSc degree in Agricultural Economics or other related disciplines. 

Also check top PhD Agricultural Economics Colleges in India here. 

  • MPhil - Students can also opt for a MPhil degree in a relevant field on completion of this course. 
Jobs & Salary

What are Job Prospects and Career Options after MSc Agricultural Economics?

  • Agricultural Economics is an applied area of Economics that integrates various sectors. It delves into various sectors like finance, economics, agriculture, management, etc due to which creates a wider range of job opportunities for the students. 
  • Apart from agriculture it also includes opportunities into its allied sectors horticulture, fisheries, and animal husbandry.
  • So it is quite evident that the job opportunities flow into various sectors. Some of the key employment areas include Academic institutions, Agri finance banks, FMCG companies, Food processing companies

Tabulation below shows some of the most common MSc Agricultural Economics job profiles and career prospects after completing the course are as follows:

Job Profiles Job Description Average Annual Salary
Agricultural Consultant Assisting farmers with pest control & farming techniques, soil testing, analyzing problems of excessive crop production & coming up with practical solutions for these problems in a sustainable manner INR 1,50,000
Teaching Assistant Their role entails interacting with children especially specially-abled ones & evaluating their development & physical well being INR 2,43,000
Research Investigator Performing surveillance for corporate/law/enforcement agency or individual clients INR 6,40,000
Farm Manager Supervision of farms, making decisions regarding the number of crops to be laid in each season based on weather forecasts, preparing planting & harvesting cycle schedule & acting as an intermediary between buyers & sellers for the maximum profit margin INR 9,22,000
Commodity Analyst Working on the medical studies designed to measure the effectiveness of a particular drug on a human body, working along with scientists or physicians overseeing clinical research & selecting people for drug/vaccine testing through various screening measures. INR 7,50,000
MSc Agricultural Economics Salary Trend
FAQs

MSc Agricultural Economics: FAQs

Ques. Do I need to appear for a CET to enroll in this course?

Ans. Yes, you need to clear the cut-off score of CET conducted by the concerned university/institute.

Ques. Are there any scholarships available for this course?

Ans. Yes, there are various scholarship options available for the candidates seeking to pursue M.Sc in agriculture economics. To name a few – Netaji Subhas ICAR International fellowship, India Agri fellowship, University of Edinburgh international scholarship for agricultural science.

Ques. What is the scope of agricultural economics in India?

Ans. The scope of agricultural economics is very wide in India. Being an agrarian economy the career prospects in this area are quite huge ranging from agricultural economists to farm managers. The MSc Agricultural Economics postgraduates have an option to work with government & agricultural institutions as well as in the private sector.

Ques. How can I become an Agricultural Economist in India?

Ans. You need to have a BSc degree in Agricultural Economics, an MSc degree in Agricultural Economics, and a PhD in the same.

Ques. Which were the top recruiters in this sector last year?

Ans. UNDP, ICAR-IARI, Punjab Agricultural University, Cargill, ISPL, IFRC, Action for social advancement, Doon business school, Environment conservation Society.

Ques. Can I pursue an MSc in Agricultural Economics if I have a BA degree in Economics?.

Ans. Yes, you certainly can pursue an M.Sc in agricultural economics if you have a B.A. degree in economics

Ques. Can I work with NABARD and FCI post-completion of this course?

Ans. Yes, you can work as an Agricultural officer or manager in NABARD.

Ques. What are the top entrance exams one needs to qualify to pursue this course?

Ans. You need to qualify for the Common entrance exam conducted by ICAR, LPU, or the CET by the concerned university.

Ques. What would be my starting salary if I opt for this course?

Ans. That depends on your job profile but you can expect a starting salary of somewhere around INR 1,80,000.

Ques. Can I work in MNC in this sector?

Ans. Yes, you can work in various Agri-based corporate companies, Agri finance companies, and marketing firms to name a few.

Master of Science [M.Sc] (Agricultural Economics) Fee Structure in India


8.60 K (Minimum Fee)PUBLIC COLLEGES1.96 L  (Maximum Fee)
62.61 K (Average Fee)
10.90 K (Minimum Fee)Private COLLEGES2.50 L (Maximum Fee)
95.71 K (Average Fee)

Comments



NO COMMENTS TO SHOW

Master of Science [M.Sc] (Agricultural Economics) Colleges IN INDIA

View All
43.15 K first year fees
VIEW ALL COURSES & FEES
Banaras Hindu University - [BHU]
Varanasi, Uttar Pradesh
UGC
6.26 K first year fees
VIEW ALL COURSES & FEES
44.83 K first year fees
VIEW ALL COURSES & FEES
29.83 K first year fees
VIEW ALL COURSES & FEES
77.47 K first year fees
VIEW ALL COURSES & FEES
1.25 L first year fees
VIEW ALL COURSES & FEES
Annamalai University - [AU]
Chidambaram, Tamil Nadu
NCTE
37.05 K first year fees
VIEW ALL COURSES & FEES