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.

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 2023

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.

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 Colleges

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

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.

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 and Mumbai 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.

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.

Parameters	MA  Economics	MBA
Objective	The 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 Taught	Behaviour economics; banking and finance; labour market and reforms, etc.	Finance management; principles of management; communication skills; business laws; entrepreneurship, etc.
Average Annual Fees	INR 10,000 to 70,000	INR 3 to 25 lakh
Duration	2 years	2 years
Eligibility	Undergraduate degree in any relevant field or the Entrance Exams	Undergraduate degree in any relevant field or Entrances like CAT, MAT, GMAT
Top Colleges	Lady Shri Ram College For Women (LSR), Miranda House, Fergusson College, Loyola College	IIM Ahmedabad, XLRI Jamshedpur, MDI Gurgaon, FMS New Delhi
Job Roles	Professional 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 Salary	INR 5 to 7 LPA	INR 7 to 13 LPA

Source: Official Surveys

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.

MA Economics Top Recruiters

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

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

Source: Payscale

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:

• PhD in Economics
• PhD (Business Economics)
• MPhil (Economics)
• PhD (Agriculture Economics)

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.