PhD in Economics is a three- to five-year doctoral programme in economics. Candidates must have completed a postgraduate course in Economics or hold a bachelor's degree in Economics from a recognised university to be eligible for the course. The average salary of an Economist in India is Rs. 16.1 LPA.
This Story also Contains
- PhD Economics Course Details
- Eligibility Criteria for Ph.D Economics
- Admission Process for Ph.D Economics
- Top Ph.D Economics Entrance Exams
- Cutoff for Top Colleges
- Syllabus of Ph.D Economics
- Ph.D in Economics Fees
- Scope for a PhD Economics
- Career Options after PhD in Economics
- Salary after Ph.D in Economics
- List of Top Ph.D Economics Colleges in India with Fees
- Top Private Ph.D Economics Colleges in India with Fees
- Top Government Ph.D. Economics Colleges in India with Fees
Economics is primarily concerned with combining cutting-edge economic principles with thorough data analysis in order to solve issues. Some of the popular degrees in Economics before doing a Phd are BA, BE, B.Sc. in Economics, MA, M.com and M.Sc. Some of the popular career options are Professor, Economist, Statistician, and Equity Research Analyst.
The top colleges offering Ph.D Economics courses are IBS Hyderabad, BITS Goa, and IIFT Kolkata. Students aspiring to pursue Ph.D Economics courses must clear the relevant entrance examinations, such as UGC NET, and CSIR UGC NET, depending on their college and specialisation.
PhD Economics Course Details
| Particulars | Values |
|---|
Degree Name | Ph.D in Economics |
Degree Type | Doctoral |
Degree Duration | 3 to 5 years |
Entrance Exams | UGC NET, CSIR NET |
Eligibility Criteria | Master's degree in Economics or related discipline with valid aggregate score |
Admission process | Entrance exam/ Merit-Based |
Cutoff | - |
Fees for the entire duration | Rs. 36,000 to Rs. 1.84 Lakhs |
Average Salary | Rs. 16.1 Lakhs |
Job profiles | Professor, Economist, Statistician, Equity Research Analyst |
Top recruiters | Deloitte, Google, Boeing, TCS. Cognizant, EY, Delhi University, Intel, Accenture, and Axis Bank
|
Eligibility Criteria for Ph.D Economics
Most educational institutions have similar eligibility requirements for a Ph.D. in Economics students who have completed their Master’s degree in Economics are eligible to pursue Ph.D in Economics.Applicants will be evaluated on statistics and maths in the first part. The second half will assess candidates' knowledge of microeconomics, macroeconomics, and econometrics.
- Students must hold a master's degree in Economics (MA Economics) from a recognised institution.
- A master's degree with a minimum of 50 percent marks is required.
- Candidates must pass a written exam and a personal interview, as well as meet the institute's basic standards.
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Admission Process for Ph.D Economics
Admission requirements for the PhD in Economics vary by institution. Depending on their admission exam and master's degree results, students are admitted to various colleges. Some universities will accept students based on their entrance exam results while some institutes conduct personal interviews or other tests to screen the applicants.
- Applicants can apply for PhD in Economics admission directly at the university by going there, filling out the admission form, presenting the required documents, and submitting the application form.
- Candidates can also apply by browsing the college's website, filling out the online PhD in Economics degree application, and uploading all required credentials.
- They can also directly apply for exams such as UGC NET or CSIR UGC NET depending on their specialisation and meet the cutoff score.
- Once clearing the exam choosing their institutes students are advised to pay the course fees and submit the required documents as per the requirement of the institute.
Top Ph.D Economics Entrance Exams
UGC NET: University Grants Commission National Eligibility Test popularly known as UGC NET is a national-level entrance examination for many courses related to lectureship and doctorate. The examination is conducted by the National Testing Agency (NTA) twice a year. The exam is conducted in various languages and is conducted in online mode.
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CSIR NET: CSIR UGC Test for JRF and Eligibility for Lectureship or CSIR UGC NET is a national-level entrance examination administered by National Testing Agency (NTA) for admission to various courses in the Lectureship such as Life Sciences, Chemical Sciences, and Mathematical Sciences, the exam is conducted in Online mode in English and Hindi languages.
Cutoff for Top Colleges
A cut-off for a PhD in Economics is a set of criteria used to assess a candidate's eligibility or entrance exam scores. The cutoff for a Ph.D in Economics differs by college and is determined by the number of students who clear the entrance examination, difficulty level of the entrance examination and status and prestige of the institute.
Skills Required for Ph.D Economics
Candidates need certain skills in order to fully benefit from the course, candidates wishing to apply for the Ph.D Economics course need both practical as well as theoretical knowledge to be successful in their academics and future careers in the field of Economics. Listed below are the skills required to pursue Ph.D Economics course:
- Good Communication Skills
- Critical Thinking
- Leadership
- Decision-Making skills
- Patience
- Interest and Aptitude for Economics
Syllabus of Ph.D Economics
The syllabus of Ph.D Economics include subjects such as Research work in Economics, Database research for Economics, Quantitative Methods and Computer Applications. In the table below we have mentioned the syllabus of Banaras Hindu University for their Ph.D in Economics syllabus.
Paper- I Research Methods in Economics- I | Paper- II Research Methods in Economics- II |
Paper- III DataBases for Research in Economics | Paper- IV Quantitative Techniques and Computer Applications |
Paper- V Ethics in Research | - |
Ph.D in Economics Fees
The fee details of the Ph.D in Economics course can be found on the official website of the institute or students can visit the college personally to get all the necessary details about the course. Fee depends on the type of institute, its location and the course chosen by the institute. Generally the fee for a Ph.D Economics course ranges from Rs. 36,000 to Rs. 1.84 Lakhs.
Scope for a PhD Economics
The Ph.D. in Economics programme is designed to enable students not only to get a basic understanding of domain-specific concepts but also to strengthen their overall interpersonal and teaching abilities. Because of the global economy, Ph.D. in Economics is in increasing demand in India for both academic and employment prospects, and the demand for a well-trained economist is also constantly rising.
Career Options after PhD in Economics
Many Indian businesses hire economists with a PhD degree. Academic qualities and abilities determine the work and positions of PhD in Economics graduates. They are hired by various companies and universities for the jobs and profiles listed below. We have listed some of the well-known career options after PhD in Economics degree.
Professor: A professor teaches individuals in a certain field of study at a university or college level. In most cases, a professor is an expert in the topic that he teaches at the university level. Professors who are knowledgeable and experienced in their fields are qualified to conduct research and publish articles in their fields.
Economist: An economist examines resource growth, investment, and distribution in order to bring what they've learned into practice and impact current social dynamics. In today's context, economists must research, analyse, forecast, and assess business and revenue patterns in every industry.
Statistician: Individuals who have studied business and have chosen a career that requires data analysis and analytical skills are known as statisticians. To collect data, statisticians design surveys, trials, and opinion polls. They're in charge of overseeing how many and what kind of groups or samples will be employed in the research or poll.
Equity Research Analyst: In the financial sector, equity research analysts operate for both buy and sell-side firms. They generate industry and stock research reports, estimates, and suggestions. To keep their research up to date, equity research analysts analyse market data and news reports as well as consult with individuals in the firms and industries they research daily.
Top Recruiters:
- Deloitte
- Google
- TCS
- Cognizant
- Ernst & Young
- Axis Bank
- Accenture
- Intel
- Qualcomm
Benefits of Studying Ph.D in Economics
Students will have the opportunity to focus on the research areas that they are most passionate about. After completing a Ph.D in Economics, students can get a job as a professor in India. Students will get a better insight into how the social environment operates, which will assist them to evaluate problems and solutions.
Salary after Ph.D in Economics
Students after completing Ph.D in Economics course can apply for various career options, the salary for these courses depends on the location of the company, its status, job profile opted by the candidates, and the skills and experiences of the candidates. The salary after a Ph.D in Economics is mentioned below.
| Job Profiles | Average Salary |
|---|
Professor | Rs. 15.4 LPA |
Economist | Rs. 16.1 LPA |
Statistician | Rs. 5.8 LPA |
Equity Research Analyst | Rs. 10.1 LPA |
Source: AmbitionBox
List of Top Ph.D Economics Colleges in India with Fees
Many private and government institutes offer Ph.D in Economics courses in India, the admission to these institutes is based either on entrance examination or direct admission based on merit score. Mentioned below are the top 10 Ph.D Economics colleges in India along with their respective fees.
| Colleges | Fees |
|---|
IBS Hyderabad | - |
BITS Goa | - |
JD Patil Sangludkar Mahavidyalaya, Daryapur | Rs. 1.21 Lakhs |
SGRR P.G College | Rs. 36,000 |
Saraswathi Narayanan College, Madurai | Rs. 60,000 |
Jagat Taran Girls Degree College, Allahabad | Rs. 72,000 |
Iswar Saran Degree College, Allahabad | Rs. 91,950 |
University School of Management and Entrepreneurship, Delhi Technological University, Delhi | Rs. 1.46 Lakhs |
School of Postgraduate Studies Tamil Nadu Agricultural University, Coimbatore | Rs. 1.84 Lakhs |
Government Arts College Kota | - |
Top Private Ph.D Economics Colleges in India with Fees
Ph.D in Economics courses are offered by many private institutes in India, students are advised to check the admission process of these colleges carefully and follow the eligibility criteria. Mentioned below are the top private Ph.D Economics colleges in India with Fees.
| Colleges | Fees |
|---|
IBS Hyderabad | - |
BITS Goa | - |
JD Patil Sangludkar Mahavidyalaya, Daryapur | Rs. 1.21 Lakhs |
SGRR P.G College | Rs. 36,000 |
Saraswathi Narayanan College, Madurai | Rs. 60,000 |
Top Government Ph.D. Economics Colleges in India with Fees
Government institutes are slightly cheaper as compared to a private institutes and also offer quality education. Students can check the course and fee details on the official website of the college. In the table below, we have mentioned the top government colleges offering Ph.D. Economics degree programmes along with their respective fees.
| Colleges | Fees |
|---|
Jagat Taran Girls Degree College, Allahabad | Rs. 72,000 |
Iswar Saran Degree College, Allahabad | Rs. 91,950 |
University School of Management and Entrepreneurship, Delhi Technological University, Delhi | Rs. 1.46 Lakhs |
School of Postgraduate Studies Tamil Nadu Agricultural University, Coimbatore | Rs. 1.84 Lakhs |
Government Arts College Kota | - |
Ph.D Economics course teaches the students advanced skills and knowledge in the field of Economics. Economics is a very diverse and broad field including many areas of research. Students pursuing Ph.D in Economics courses learn about various topics which will help them in their careers as academicians or working professionals.
