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Master of Science [M.Sc] (Economics)

OverviewCutoffQ&ASyllabusM.Sc Economics Colleges

IIT-JAMCUET-PGBITSAT

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Answered Questions

Which is better for M.S. in Quantitative Economics; ISI Kolkata or ISI Delhi?

Nilima Sinha

22 Aug 22

For M.S. in Quantitative Economics, ISI Kolkata is better than ISI Delhi. It offers better career prospects. You will have better job opportunities. Leading banks and consultancies take part in ISI Kolkata placements. The average CTC offered is around INR 17-18 LPA. Goldman Sachs, American Express, United Bank of Switzerland, etc. are some of the major recruiters that take part in the placement drive.

ISI Kolkata also has more courses. So, the student crowd on campus is diverse.

How is MSc. Economics in IIT Roorkee?

Riddhima Banerjee

12 Apr 23

Usually, people with some interest or background in Mathematics opt for MSc Economics course. This is because of the low marks scored in JAM. It’s better to go for a non-IIT institute than choose Economics just for Maths. At IIT Roorkee, people focus more on CSIR-NET Mathematics and hardly anyone goes for Ph.D.

The placements depend on your performance and how well you have devoted yourself to the course. The first-semester coursework comprises BA 3rd year Economics. From the second semester, actual MSc Economics courses will be taught.

Economics is a very interesting subject and once you invest yourself fully in it, you will forget that you wanted to take Mathematics. The coursework is very demanding and consists of Real analysis, Topology, some parts of Linear Algebra, and Statistics. One has to be well-versed in Statistics to excel in this course.

Economics is a subject that requires a full-time commitment, and only after a long time will you be able to see its benefits. The application of concepts isn't as easy as Mathematics and teachers are very laid back. Only the major coursework is taught in class and the rest is left for you to finish. After this course, you can either sit for placements or appear for Ph.D. exams like ISI, DSE, IGIDR, and JNU.

What can I expect after completing MSc Economics from IIT Roorkee?

Anusha Rahaman

12 Apr 23

A recently introduced course, MSc Economics at IIT Roorkee is slowly unfolding its plethora of opportunities. Being a technical institute the curriculum of this program has more analytical aspects giving the IITians an edge over non-IITians.

The curriculum is at par with various top private and government universities in India as well as abroad.

IIT Roorkee has a lot to offer in terms of exposure in the form of conferences, seminars, workshops, lecture talks, and great infrastructure that help the students gain more than just theoretical knowledge.

Career prospects

The internships and placements scenario is excellent with almost the entire batch getting placed in top government and private firms.
You can go for a corporate job or even for higher education.
Some job prospects of students of this program are consultant, policy analyst, business analyst, professor, data scientist, financial adviser, and statistician in the corporate sector.
The most appealing job profile is that it is the Data Analyst
IIT Roorkee provides excellent research opportunities outside India mainly because most of its professors have international exposure through seminars and conferences and offer constant assistance.
There are many who plan for a Ph.D. and attempt to clear their Ph.D. for the same

The placements and career prospects for MSc Economics are in abundance but for MSc Mathematics you have the only option to go for Ph.D.

How is the MSc. economics at the IIT Kharagpur? What are the various future career options?

Senjuti Gupta

22 Mar 23

Integrated MSc Economics course at IIT Kharagpur is one of the few branches of IIT Kharagpur that has top recruiters offering high-paying jobs apart from Mathematics in Msc and other core branches of BTech.

The course covers Micro, Macro, Statistics, Finance, Economics, Probability, and statistics along with Environmental studies.

This course offers a plethora of job prospects for corporate recruiters like

Data analysts
Business analysts
Consultant for firms
Accountants, Management
Financial advisors in stocks or derivatives, etc.,

As far as the Government sector is concerned, some top roles include

Indian Economic Services
Grade B in RBI
Specific posts in various sectors like NABARD
Or other public and private banks

However, if you are more inclined towards teaching then you can also become a professor in Universities. Other options include Civil Services, SSC Cgl, RRB, etc.

You can go for the Integrated MSc. Economics at IIT Kharagpur and wait for the amazing opportunities it has to offer.

How is the MSc in economics in IIT Kharagpur?

Ajay Diwan

22 Mar 23

The Economics branch is slowly becoming one of the best branches of IIT Kharagpur. Integrated M.Sc. (5 years) in Economics opens with JEE rank 3615 and closes at 5439 as per JoSAA 2022. However, it’s not necessary to evaluate a course on the basis of its opening and closing rank because you can get your branch changed on the basis of your performance in the first year.

A student has to obtain around 8.73 CGPA in order to get their branch changed to Economics. You will have to work very hard to get a high CGPA for branch change.

Curriculum: I have entailed some topics covered over the semesters. For a detailed list, you can visit the official website.

Indian Economy
Public Finance and Policy
Regression and Time Series Model
Economics of Growth
Applied Economics
Banking Theory and Practice

You can easily go for Finance and Consulting jobs provided that you study well during these 5 years. The coursework of this department is always industry relevant to cope up with recent trends.

Placements

The Integrated BSc and MSc Economics Median salary stands at INR 15 LPA and the top recruiters include

CapGemini
Cipla
Cognizant
Genpact
IBM
ICICI
just dial
Oil India Limited
YesBank

What is the course curriculum of MSc economics at IIT roorkee?

Rishabh Luthra

12 Apr 23

The course curriculum of the MSc Economics at IIT Roorkee is well-designed to suit the industry trends. It offers both theoretical knowledge and analytical skills and is at par with reputed universities like ISI, DSE, LSE, IGIDR, and BGSE.

Being a student of a technical institute will always work in your favor, especially in the case of analytical skills. The overall course structure is flexible and students are allowed to choose from a wide variety of electives.

During the initial 2 semesters, you will be taught various topics like

Microeconomics
Macroeconomics
Advanced micro/macro
Development Economics
International Economics
Finance
Econometrics
Environmental Economics

The topics covered in the third semester are

Advanced Econometrics
Public Policy
Industrial Economics
Other electives

In the final semester, you will have to choose the courses yourself.

Studies are not limited to the classrooms and exposure is provided through conferences, workshops, and lecture talks. These enlighten the students regarding the current economic policy changes and their impact.

Placement and internship opportunities are made by many reputed government and private organizations.

Is it better to get a degree of an M.Sc. in Economics from IIT Kharagpur or BITS Hyderabad?

Atul Sharma

27 Mar 23

It’s better to talk about both institutes individually to make a more informed decision.

IIT Kharagpur offers a 5-year Integrated M.Sc in Economics and has a wide scope today. There are many advantages to being a part of the IIT KGP family

It has a rich culture
Learn and explore new things
Branch change at the end of the first year
You can seek great help from seniors
You get a lifetime tag of being an IITian

Similarly, BITS Hyderabad too offers an integrated MSc degree in Economics. Additionally, you can add an extra major (BE course) in your first year, but this is optional. The institute has no lucrative points apart from the fact that it is a decent Engineering college sought by those who are unable to make it into IITs.

Personally, I would suggest you go for an IIT because of the brand name and legacy. You won’t regret this decision later because of the IIT Tag that will already come to your rescue.

I want to pursue a master's in economics. Which one should I choose: Delhi School of Economics, JNU, Indian Statistical Institute, Paris-Sorbonne University or University of Munich?

Snigdha Goyal

08 Jul 22

All of these institutes are excellent choices for a masters in Economics. If you want to study Quantitative and Mathematical Economics, then ISI will be the best option among these. ISI Kolkata placements are pretty good. Students get recruited as Data scientists, Financial Analysts, Risk Analysts, and other similar positions. You will get good scopes for higher studies as well.

DSE is an excellent option for Economics masters. It offers good placements. Recent highlights of DSE placements show the average CTC for MA Economics is around INR 5 LPA. But the institute has a huge batch size.

Paris Sorbonne University and University of Munich are excellent options as well. These institutes are especially good for research.

Should I choose ICT Mumbai (textile) or BITS Pilani Goa (M.Sc maths)? I have no particular interest but I wanted M.Sc economics at BITS.

Shivam Bansal

23 Oct 20

ICT (Institute of Chemical Technology), Mumbai has received ‘A++’ accreditation by NAAC. In the current year 2020, ICT (Institute of Chemical Technology), Mumbai has been ranked by the NIRF at 18 for its Engineering degree course offered. BITS Pilani (Birla Institute of Science and Technology), Goa has been accredited ‘A’ grade by NAAC and is duly recognized by the UGC, offering degree programs at undergraduate as well as postgraduate level in the field of science and technology.

Admission:

Textile degree in ICT (Institute of Chemical Technology), Mumbai:

The candidate opting for a Textile degree in ICT (Institute of Chemical Technology), Mumbai is selected on the basis of entrance examination of GATE, GPAT.
The total fees for the Textile degree in ICT (Institute of Chemical Technology), Mumbai is INR 1.53 Lacs.

MSc Maths at BITS Pilani (Birla Institute of Science and Technology), Goa:

The candidate opting for MSc Maths at BITS Pilani (Birla Institute of Science and Technology), Goa is selected on the basis of the entrance examination of BITSAT.
The total fees for MSc Maths at BITS Pilani (Birla Institute of Science and Technology), Goa is INR 4.13 Lacs.

Placements:

Textile degree in ICT (Institute of Chemical Technology), Mumbai:

The top recruiting companies visiting the campus of ICT (Institute of Chemical Technology), Mumbai to offer placements to the graduates in the field of Textile are Tata Motors, Reliance, Johnson Johnson, Nerolac, Jacobs, ITC, Exxon, Cipla, Asian Paints.
The average annual graduate salary offered for placement is INR 4.8 Lacs.

MSc Maths at BITS Pilani (Birla Institute of Science and Technology), Goa:

The top recruiting companies visiting the campus of ICT (Institute of Chemical Technology), Mumbai to offer placements to the graduates in the field of Maths are Bajaj Auto, Adobe, Oyo, Morgan Stanley, Uber, Dell. IBM, Flipkart, Genpact, Wipro, Intel, Cognizant, Amazon.
The average annual graduate salary offered for placement is INR 6.15 Lacs.

Both courses have their advantages and disadvantages. These are some of the key information about the two courses. Go through them and decide which will be better for you.

What option should I go for: CS at PES University or MSC economics at BITS Goa Campus?

Varun Saxena

30 Sept 20

PES University ranked 6th among the top 50 private State Universities in India in 2019 by Outlook India. It has also ranked 26th for MBA by Times 2020. MHRD has marked BITS Goa as an “Institute of Eminence” in 2020. It is also recognized as NAAC ‘A’ grade institute. Here are some of the major factors that will help you decide which option is better for you and why.

Course Details:

PES University- Around 720 seats are available at PES University for Computer Science. The minimum eligibility is KCET and PESSAT. The average course fee remains around 13 Lakh. The course duration is 4 years.

BITS Goa-

In order to pursue M. SC in Economics from BITS Goa, students have to pass 10+2 and have a B. SC degree from any recognized university with a minimum of 55% in their major paper.
Also, aspiring students have to qualify BITSAT in order to be eligible to take admission for this course at BITS Goa.

The course fee remains around 7 Lakh. This course takes 2 years to complete.

Placement:

PES University-

Students get placed by various companies including Robert Bosch Eng. & Business Sols, Sapient, Mu Sigma, L & T Tech Services LTD, Genpact, Tata Elxsi, Deloitte, Cisco, Capgemini, Wipro, Atos, and more, every year.
The average CTC offered remains around 6.8 LPA.
In the 2019 campus placement, the highest CTC offered was 48 LPA.
A total of 56 companies visited the campus drive.

BITS Goa- On the other hand, students get the option to go for higher studies and pursue a Ph.D. in their future after completion of their MSC degree from BITS Goa. Apart from that, they can take up jobs in corporate fields as well.

The average package offered to BITS Goa students is 5 LPA according to the placement statistics of last year.

Both the institutions have good faculty members who are well-qualified with exceptional teaching and research experience.

CS and Economics are two completely different domains. You should choose the subject you are more passionate about and the institute according to that.