MA Economics or Master of Arts in Economics is a postgraduate degree programme with a duration of two years in the field of Economics. The Master of Arts in Economics course is divided into four semesters, which is one of the sought-after students pursuing the arts stream.
This Story also Contains
- Highlights - Master of Arts in Economics
- Eligibility Criteria of MA Economics
- Admission Process of MA Economics
- Top Entrance Exams for MA Economics
- Cutoff of MA Economics for Top Colleges
- Skills Required for MA Economics
- Syllabus of MA Economics
- Fee Structure for MA Economics
- Scope of MA Economics
- Career Options after MA Economics
- Top Recruiters:
- Benefits of Studying MA in Economics
- Salary after MA Economics
- List of Top MA Economics Colleges in India with Fees
- Top Private MA Economics Colleges in India with Fees
- Top Government MA Economics Colleges in India with Fees
The Master of Arts in Economics degree programme is aimed to offer a comprehensive understanding and proficiency in the field of economics. MA Economics course includes various economic theories, guiding principles, and analytical techniques to assist students in comprehending and analysing complex economic events.
Macroeconomics, microeconomics, international economics, econometrics, and development economics are just a few of the specialist tracks or emphases that are frequently available in MA Economics programs, allowing students to concentrate on their areas of interest. The Master of Arts in Economics course is the branch of science that deals with production, consumption, supply and demand changes in the markets.
The average Master of Arts in Economics salary offered to the graduates is around Rs. 5 to Rs. 7 Lakh per annum. In this article, we will discuss MA Economics eligibility, MA in Economics syllabus, MA Economics subjects list, MA Economics entrance exam, the scope of MA Economics, MA Economics fees, and MA Economics subjects.
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Highlights - Master of Arts in Economics
| Particulars | Values |
|---|
Degree Name | MA in Economics |
Degree Type | Postgraduate |
Degree Duration | 2 years |
Entrance Exams | CUET-PG |
Eligibility Criteria | Graduation with a degree in B.A. in Economics or a minimum percentage of 50% at the level of graduation is required |
Admission process | Entrance Exam/ Undergraduate qualification in economics or any discipline from a recognised university |
Fees for the entire duration | Rs. 1,530 to Rs. 26,000 |
Average Salary | Rs. 4.7 LPA |
Job profiles | Professional Economist, Data Analyst, Equity Analyst, Financial Planner, Professional Economist, etc. |
Top recruiters | ICICI Bank, RBI, Citi Bank, Kotak |
Eligibility Criteria of MA Economics
The MA Economics Eligibility criteria are almost the same for every university. Various private and government colleges in India offer MA Economics degree programmes. The MA Economics eligibility criteria for these colleges are set by the admission conducting authorities. Some of the common MA Economics eligibility criteria defined by these universities are mentioned below:
- The candidate must have completed a degree in B.A. in Economics, Bachelor of Economics, or B.Com.
- There are few colleges that accept students who have studied Economics in other degree courses.
- Candidates must have obtained a minimum aggregate score of 50 per cent or 60 per cent as that is the minimum requirement of almost all the colleges in India. The minimum aggregate marks may vary depending on the institute.
Admission Process of MA Economics
Depending on the university, the MA Economics the admission procedure of MA Economics may differ. Some colleges accept candidates based on the results of the entrance exam and marks obtained in 10+2 the MA admission to other institutions is based on merit. Before applying for the admissions, the candidates need to meet the eligibility requirements of the MA Economics course.
- Candidates can apply for the MA Economics admissions by going to the institution, completing the MA Economics application form, and providing all required documents.
- Students can also apply by visiting the college's website, completing the MA Economics programme application form, and submitting all required documentation.
- For some colleges, candidates need to appear for the entrance examination for the MA Economics admission such as CUET PG exam.
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Top Entrance Exams for MA Economics
CUET PG: CUET PG or Common University Entrance Test-PG is conducted by NTA (National Testing Agency), a national-level entrance examination for admission to various master's degree programmes. The score of the CUET-PG entrance examination is accepted by 47 central universities in India.
Cutoff of MA Economics for Top Colleges
The cutoff for admission to the MA Economics courses depends on the college. The cutoff is released after the completion of the entrance exam, candidates can check it on the official website of the respective college or university. Generally, these cutoff marks are not released publicly. The MA Economics cutoff also depends on the prestige and stature of the institute, difficulty level of the exam, and number of applicants.
Skills Required for MA Economics
Students interested in pursuing an MA Economics degree programme need to have a diverse set of skills to understand and apply the knowledge learned in MA Economics course. These skills are required for a successful career in the future. In the table below we have mentioned some important skills necessary for the MA Economics course.
- Numerical Accuracy
- Observation Skills
- Leadership
- Critical Thinking
- Decision-Making Skills
- Leadership
Syllabus of MA Economics
The MA in Economics syllabus is similar as every college follows the UGC syllabus structure but the subjects can vary depending on the curriculum. MA in Economics syllabus encompasses not just micro and macroeconomic theories but also public finance, trade, financial economics, and environmental studies. The MA Economics subject of Ravenshaw University has been discussed in the following table..
Semester 1 |
Microeconomics Analysis-I | Public Economics-I |
Economics of Growth & Development-I | Macroeconomic Analysis-I |
Basic Econometrics-I | - |
Semester 2 |
Microeconomics Analysis-II | Public Economics-II |
Economics of Growth & Development-II | Macroeconomic Analysis-II |
Basic Econometrics-II | - |
Semester 3 |
Indian Economic Policy-I | International Economics-I |
Economics of Environment-I | Optional-1-I |
Optional-2-I | - |
Semester 4 |
Indian Economic Policy-II | International Economics-II |
Economics of Environment-II | Optional-1-II |
Optional-2-II | - |
Elective Subjects |
Mathematical Optimisation | Advanced Econometrics – I |
Agricultural Economics – I | Financial Institutions and Markets – I |
Game Theory and Strategic Behaviour | Advanced Econometrics – II |
Agricultural Economics-II | Financial Institutions and Markets – II |
Fee Structure for MA Economics
The fee structure for an MA Economics course depends on various factors such as whether the institute is public or private, and the location of the institute. The course fee in public universities is comparatively less than in private universities. Candidates should visit the official website of the desired institute to check the course fee details. The average fee of MA Economics course range from Rs. 1,530 to Rs. 26,000.
Scope of MA Economics
The scope of MA Economics is quite extensive, as every company has a financial department that requires skills graduates from the fields of finance and economics. MA Economics course is closely related to marketing, finance, market operations, and functioning of an economy as a whole.MA Economics professionals should have a good academic record to secure jobs as economists in both government and private sectors.
Career Options after MA Economics
MA Economics opens up a diverse career path; they can find roles in financial departments of companies, market research firms, government agencies. The MA Economics graduates can work as economics, financial analysts, market researchers, and data analysts. The course also prepares students for entrepreneurial ventures. Mentioned below are some of the career options.
Research Analyst: A research analyst is responsible for investigating reports on securities and producing helpful information for employers. He or she also helps in examining data and producing helpful information for employers to improve the growth of the firm.
Data Analyst: A data analyst collects, cleans, and studies data sets. Along with that, he or she conducts surveys to acquire relevant information and presents those collections into charts and graphs to know the growth and improvement areas of the organisation.
High School Teacher: A high school teacher makes students familiar with all aspects of economics given in the curriculum. He or she conducts tests and project work to ensure the learning of students. A high school teacher can work in both public and private educational institutions.
Economist - An economist is a person who studies the creation, use, and transfer of wealth in order to apply what they have learnt and have an impact on the levers of contemporary society. The duties of an economist include collecting and analysing data, looking into trends, and evaluating issues with resources, goods, and services.
Top Recruiters:
- American Express
- Morgan Stanley
- Deutsche Bank
- McKinsey
- Deloitte
- KPMG
- EY
- Goldman Sachs
- HDFC
Benefits of Studying MA in Economics
The study of Economics provides students with a statistical and mathematical perspective, it enables them to evaluate and analyse statistical facts and data to predict the potential outcome. Due to the versatility and depth of the courses offered, MA Economics can serve as the foundation for several high-paying professions.
Salary after MA Economics
The salary of an individual depends on various factors such as skills, knowledge, college, and others. It also depends on the level of education and extracurricular of a college. Mentioned below are the average salaries of some of the top career options in the field of MA Economics degree programmes.
| Job Profiles | Average Salary |
|---|
Research Analyst | Rs. 4.7 LPA |
Data Analyst | Rs. 6.3 LPA |
Economist | Rs. 16.1 LPA |
Financial Analyst | Rs. 5.9 LPA |
Source: AmbitionBox
List of Top MA Economics Colleges in India with Fees
MA Economics degrees are offered by several universities in India. Admission is based on academic credentials and admissions test scores. In the table below we have mentioned the MA Economics colleges in India and the MA Economics fees.
Top Private MA Economics Colleges in India with Fees
There are several private colleges in India that offer MA Economics programmes. The fees of a private university are significantly higher than that of a public university. In the table below we have mentioned the private MA Economics colleges in India and the MA Economics fees:
| Colleges | Fees |
|---|
Adarsha Science Jairamdas Bhagchand Arts and Birla Commerce Mahavidyalaya | Rs. 11,140 |
Adarsh College Sangli | Rs. 18,060 |
Agrawal PG College | Rs. 26,000 |
New Arts College Ahmednagar | Rs. 20,790 |
Alankar Mahila PG Mahavidyalaya | Rs. 22,000 |
Top Government MA Economics Colleges in India with Fees
Compared to private institutions, government-run colleges have lower tuition prices. These colleges are well-known in India for their high-quality education. In the table below we have mentioned the government MA Economics colleges in India and MA Economics fees:
| Colleges | Fees |
|---|
Baharagora College | Rs. 1,530 |
Bhadrak Autonomous College | Rs. 4,880 |
Bherulal Patidar Government PG College | Rs. 2,720 |
BKSN Government College | Rs. 6,630 |
An MA in Economics course offers a broad understanding of economic theories and principles. The course equips the students with analytical skills to predict market trends and economic outcomes. The course also opens diverse career options in finance, policy making and research, making it a valuable career choice for the students.
