MA Economics: Course Details, Eligibility, Admission, Fees
MA Economics is a two-year-long postgraduate course that deals with the areas of finance, and management and developing their skills accordingly to industry demands. MA in Economics is available to students in both regular and distance learning modes. Some of the job roles are Branch Manager, Teacher, Research Associate, Stock Broker, Trade Analyst, and Data Analyst. Strategy Analyst, Economics Journalist, and Marketing Manager.
Table of Contents
- About MA Economics
- Eligibility Criteria For MA Economics
- How To Get Admissions in MA Economics
- Who Should Pursue MA Economics?
- Types of MA Economics
- Popular Entrance Exams For MA Economics
- Study MA Economics in India
- Top MA Economics Colleges in India
- Fee Structure For MA Economics
- Syllabus And Subjects For MA Economics
- Why Choose MA Economics?
- MA Economics Course Comparison
- Preparation Tips For MA Economics
- Scope For Higher Education
- Salary of an MA Economics Graduate
- Career Options After MA Economics
- Skills That Make You The Best MA Economics Graduate
MA Economics Course Details
| Degree | Masters |
| Full Form | Master of Arts in Economics |
| Duration | 2 Years |
| Age | No age limit |
| Subjects Required | Graduation from the recognized university. |
| Minimum Percentage | 50% |
| Average Fees | ₹50K - 2 LPA |
| Similar Options of Study | M.Sc (Economics), MA (Political Science), MA (History), MA (Sociology) etc. |
| Average Salary | INR 6 LPA [Source: Payscale] |
| Employment Roles | Data Analyst, Economist, Research Analyst, Sr Business Analyst, HR Manager, Analytics Manager, High School Teacher, Business Analyst, Content Writer, Lecturer, Speaker, Digital Marketing Manager etc |
| Top Recruiters | Kotak Mahindra Bank, Accenture, Zocdoc Inc, Pershing Llc, Crisil, Buhler India Pvt Ltd, Genpact, etc |
About MA Economics
MA Economics course is a postgraduate program designed specifically for students to provide insights into the areas of banking, finance, trade, and economic management. The Master of Arts syllabus aims to introduce students to all the concepts of Economics and help to grow their knowledge in the field. The purpose of the best MA economics colleges in India is to create graduates to cater to the professional demands of the various sectors of economics as the MA economics job scope is vast and provides adequate exposure and opportunities to the students.
Eligibility Criteria For MA Economics
For admission in MA Economics, aspirants of the course must ensure they satisfy the eligibility criteria. The basic MA Economics eligibility criteria involve passing the undergraduate degree from any recognized board with a minimum of 50% marks. In addition to the merit-based eligibility, several MA Economics colleges conduct an entrance-based selection process for the same. This is to ensure the colleges select the best candidates with the required skills. There is no age limit for applying for the MA Economics admission.
How To Get Admissions in MA Economics
For MA Economics course details, students should visit the college website through which they can begin their application process. Top colleges for MA courses have a similar admission process irrespective of the specialization students choose to pursue. The colleges conduct the entrance examinations to ensure they select the best candidates along all the lines of requirements.
The details of the MA admission process for Economics are listed below:
How To Apply?
For selection for MA Economics, students should visit the college websites and look into the course details. Applications for the course can be availed by students through both offline and online procedures. For the offline method, students need to visit the college admissions office, collect the form, fill in the details and make the payment of the registration fee. While applying online for a Master in Economics, students are required to download the form, fill in the details and make the payment online. For both procedures, valid documents for the same are required to be submitted for the verification process.
Selection Process
The selection process for the MA Economics course duration is either based on merit or the entrance exam procedure. Students must ensure the basic eligibility for MA Economics by securing a minimum of 50% marks in the Bachelor’s degree. In addition to the merit-based selection, the MA Economics best colleges conduct an entrance exam to select the best suitable candidates for the course duration.
The admit card and other details of the entrance process are published on the college portal beforehand. Students can view their results by logging in to the college portal or receiving them directly via email.
Who Should Pursue MA Economics?
MA Economics is a 2 years post-graduation course which focuses on the aspects of economics in society. Students who want to be in the Banking and investment sectors should opt for this course.
When To Do MA Economics?
Students can pursue this course after completing their graduation degree in economics or any other stream from a recognized university.
Types of MA Economics
MA Economics course is divided into three types such as full-time, part-time, and distance learning methods. Students can pursue this course in this three-way. Given below are the types of MA Economics courses:
Full-Time MA Economics
Full-time MA Economics is a two years post-graduation degree course. Students can pursue this mode as in it they have to attend regular classes and will have to submit projects and assignments and also have to appear for their exams on exams. In this type of learning mode, students can get to interact with the faculties and also can learn from their peers
Part-Time MA Economics
Students who are engaged in some form of employment or who can't attend regular classes should opt for this mode of learning. Part-time course classes are usually held at night or on weekends. Students can pursue this course while working in an organization.
Distance MA Economics
Students who can't afford to study on campus or does,t have time to attend regular classes can opt for distance learning. Students who are engaged in some form of employment should go for distance learning. In India, many universities offer distance learning.
Popular Entrance Exams For MA Economics
The best colleges for MA Economics in India conduct an entrance exam-based selection to ensure they select the best candidates. Several private and government colleges for MA Economics in India follow the entrance exam procedure to ensure the students have a pragmatic view of the subject area in addition to the academic reading of the course. Listed below are some of the popular Master of Arts in Economics entrance exams in India:
A Quick Glance At The MA Economics Entrance Exams
Aspiring candidates for the MA Economics course should prepare for the entrance exam process tediously. They should ensure timely preparation to finish all the important portions. Students should be well versed with all the details of the entrance exam details of the respective college before appearing for the exam. Listed below are details of the MA Economics entrance exams in general:
- The mode of exam is online
- The total number of questions is 120
- The maximum number of marks to be obtained is 360
- Questions asked are objective
Study MA Economics in India
India is the home to the best MA Economics colleges with the best infrastructure and top faculties. Students will choose according to their choice. Given below are the top MA Economics colleges in India.
Top MA Economics Colleges in India
The top MA Economics colleges in India provide the best institutional and infrastructural facilities to groom their students for the professional field. Along with providing an in-depth understanding of the economical concepts, the students are also exposed to real-time experiences through practical training. Listed below are some of the best MA Economics colleges in India:
|
Sl. No. |
Name of the Institute |
| 1. | United Group of Institutions, Allahabad |
| 2. | JNU |
| 3. | St Xavier’s College, Mumbai |
| 4. | Presidency College, Kolkata |
| 5. | Kristu Jayanti College |
| 6. | Christ University |
| 7. | Fergusson College |
| 8. | St Joseph’s College, Calicut |
| 9. | Mount Carmel College |
| 10. | Magadh Mahila College |
Top MA Economics Colleges in New Delhi
India’s capital city is home to some of the best institutions for MA Economics in India. Check the table below for the top MA Economics colleges in New Delhi:
| Sl.No | Institution |
| 1 | Miranda House |
| 2 | Ramjas College |
| 3 | JMU |
| 4 | IGNOU |
Read More: MA Economics Colleges in New Delhi
Top MA Economics Colleges in Pune
Pune also has some of the best institutions for MA Economics in India. Check the table below for the top MA Economics colleges in Pune:
| Sl.No | Institution |
| 1 | Fergusson College |
| 2 | Gokhale Institutes of Politics and Economics |
| 3 | UniPune |
| 4 | Poona College of Arts, Science and Commerce |
| 5 | SNDT Women's University |
Read More: MA Economics Colleges in Pune
Top MA Economics Colleges in Chennai
Tamil Nadu’s capital city is home to some of the premier institutions for MA Economics in India. Check the table below for the best MA Economics colleges in Chennai:
| Sl.No | Institution |
| 1 | Loyola College |
| 2 | MCC College |
| 3 | Stella Maris College |
| 4 | University of Madras |
| 5 | Tamil Nadu Open University |
Read More: MA Economics Colleges in Chennai
Top MA Economics Colleges in Bangalore
The capital city of Karnataka is renowned around the country for colleges offering top MA Economics programmes. Check the table below for the best MA Economics colleges in India:
| Sl.No | Institution |
| 1 | Christ University |
| 2 | Bangalore University |
| 3 | RV University |
| 4 | SJC Bangalore |
| 5 | Indian Academy |
Read More: MA Economics Colleges in Bangalore
Top MA Economics Colleges in Kolkata
West Bengal’s capital city, Kolkata, has some of the best colleges for MA Economics courses in India. Check the table below for the best MA Economics colleges in Kolkata:
| Sl.No | Institution |
| 1 | Jadavpur University |
| 2 | University of Kalyani |
| 3 | RBU |
| 4 | Adamas University |
| 5 | St Xaviers University |
Read More: MA Economics Colleges in Kolkata
Top MA Economics Colleges in Hyderabad
The Telangana state capital has some premier institutions in the country for MA Economics courses in India. Check the table below for the top MA Economics colleges in Hyderabad:
| Sl.No | Institution |
| 1 | Nizam College |
| 2 | University of Hyderabad |
| 3 | Osmania University College for Women |
| 4 | Palamuru University |
| 5 | Osmania University |
Read More: MA Economics Colleges in Hyderabad
Top MA Economics Government Colleges
There are several top Government Colleges offering quality MA Economics programmes across the country. Check the table below for the top MA Economics government colleges in India:
| Sl.No | Institution |
| 1 | Kuvempu University, Shimoga |
| 2 | Andhra University, Visakhapatnam |
| 3 | Ramjas College, Delhi |
| 4 | Miranda House University of Delhi, Delhi |
| 5 | Bangalore University |
Top MA Economics Private Colleges
India has seen significant growth in the number of quality MA Economics private colleges that offer some of the best programmes in the country. Check the table below for the top MA Economics private colleges in India:
| Sl.No | Institution |
| 1 | Christ College, Bangalore |
| 2 | DAV College Chandigarh |
| 3 | Adamas University, Kolkata |
| 4 | The American College, Madurai |
| 5 | Integral University, Lucknow |
Fee Structure For MA Economics
The MA Economics fees charged by an institution depend on a variety of underlying factors. Some of the governing factors that influence the fee structure include institutional facilities, infrastructure, faculty, placement opportunities, etc. The average annual fee for the course is INR 50,000- 2 LPA. Listed below are a list of MA Economics colleges in India and their fee structure:
|
Sl. No. |
Name of the Institute |
Fee Structure |
| 1. | Presidency College, Kolkata | INR 2.5 LPA |
| 2. | Shyamlal College, New Delhi | INR 50,000 PA |
| 3. | United University, Allahabad | INR 85,000 PA |
| 4. | Bharath Institute of Higher Education, Chennai | INR 50,000 PA |
| 5. | Rayat Bahra University, Mohali | INR 1 LPA |
| 6. | Krupanidhi Degree College, Bengaluru | INR 1.9 LPA |
Syllabus And Subjects For MA Economics
The syllabus and subjects for MA Economics are structured in a manner to provide the best possible understanding of the concepts of economics and adjoining areas. The 2 year MA Economics duration is divided into 4 semesters to make the course more flexible for the students.
Some of the core subjects for the Master of Arts in Economics are listed below:
- Theory of Consumer Behaviour
- Demographic Economies
- Calculus and Function
- Consumers and Producers
- National Income Output
- Economics of Infrastructure
- Public Economics
- Elementary Statistics
- Economics of Agriculture
- Quantitative Methods
Read More: MA Economics Syllabus and Subjects
Why Choose MA Economics?
Master of Arts in Economics is one of the essential courses for individuals who want to excel and carve a niche for themselves in the world of finance and economical concepts. Along with being one of the most diversified career options for students, the MA economics course also provides a lucrative prospect of earning a handsome salary.
What Is MA Economics All About?
MA Economics is a 2-year long postgraduate course specializing in the field of banking, supply and demand, trade, stock market, etc. The course is available to students in both regular and distance learning modes. After MA Economics duration, various designations are available to graduates such as Marketing Manager, Stock Broker, Trade Analyst, Branch Manager, Financial Analyst, Policy Analyst, Investment Banker, Research Associate, etc.
What Does An MA Economics Graduate Do?
The Master of Arts in Economics introduces students to the various concepts of economics and relevant areas. The various specializations available in the course ensure students learn all important concepts and also develop skills by the professional demands.
Marketing Manager: The role of a marketing manager is to analyze market solutions and provide adequate economic forecasts. They generate new leads for business and brand awareness. In addition to the managerial responsibilities, the job portfolio also extends to market analysis, public relations, and budgeting.
Reasons Why MA Economics Can Fetch You A Rewarding Career?
MA Economics is one of the highest-paying career courses available to students in India. Along with paying a handsome salary, the field of economics also offers a wide range of diverse job opportunities. Professionals with a wide range of skills can opt for jobs from various fields which further adds leverage to their skill set.
Lucrative Pay: The career after MA Economics duration is one of the highest paying in India. With an average salary of INR 6 LPA after graduation (Source: Payscale), the figures increase as the candidate gains more experience and expertise.
Read More: MA Economics Jobs and Scope
MA Economics Course Comparison
MA Economics stands for Masters of Arts in Economics and is typically catered to students interested in and inclined towards humanities and social sciences. Below is a comparison of the MA Economics course with other courses:
MA Economics vs M.Phil Economics
The table below showcases the differences between MA Economics and M.Phil Economics:
| Course | MA Economics | M.Phil Economics |
| Full-Form | Masters of Arts in Economics | Master of Philosophy in Economics |
| Stream | Arts | Arts |
| Course Duration | 2 Years | 2 Year |
| Eligibility | Should have passed graduation with Economics or from any other stream from a recognized university | Masters in Economics |
| Entrance Exams | BHU UET, PUB DET, UPSEE, TS EAMCET | UGC NET, TANCET, JNUEE, UoH EE |
| Top Colleges | Presidency College, Miranda House, St Xaviers College | JNU, Jadavpur University, Calcutta University, Mumbai University |
| Fees | INR 10,000 - 50,000 PA | INR 10,000 - 1 LPA |
Read More: M.Phil Economics
Preparation Tips For MA Economics
The Master of Arts in Economics demands not only an in-depth knowledge of academic concepts but also a certain set of skills. When pursuing a MA course, there are certain preparation tips that the students must keep in mind. These steps are useful to practice irrespective of specialization, as they are universal steps. Listed below are some of the preparation tips for an MA Economics:
Regular Practice: Practicing the important concepts at regular intervals ensures a well-wrought understanding of the course details.
Mock Practice: Students of the course should perform the mock practice of questions from previous years to be able to understand the concepts better.
Time Management: Time management throughout the course duration becomes one of the most important qualities for managing the hefty syllabus.
Scope For Higher Education
Ample career opportunities are available to graduates of MA Economics providing a lucrative salary. If one does not wish to pursue the job industry immediately after graduation, one can opt for higher education. Higher education means a higher starting salary upon joining the industry. Some of the scopes of higher education in MA Economics are listed below:
Salary of an MA Economics Graduate
Graduates of MA Economics duration find employment in areas of banking, trade, stock market, academic institutions, and research institutes. Both the public and private sectors offer lucrative salary pay to jobs after the course duration. The salary pay is one of the highest in the country given the number of skills that the candidates learn apart from academic reading. The average salary of an MA Economics graduate is INR 6 LPA (Source: Payscale).
Read More: MA Economics Salary
Career Options After MA Economics
There are a variety of designations available to graduates of the course depending upon their area of interest. With the demand for economical purview in almost every sector around the globe, the scope of diversity is endless. By the area of interest and skills acquired, students can apply for areas of recruitment such as banking, academic institutions, research centres, trade, the stock market, media, and digital marketing. Listed below are some of the career options after an MA Economics:
- Marketing Manager
- Digital Marketer
- Stock Broker
- Trade Analyst
- Research Associate
- Lecturer
- Risk Analyst
- Marketing Consultant
- Investment Analyst
Skills That Make You The Best MA Economics Graduate
With MA Economics being one of the most dynamic courses available, academic reading is not sufficient to stand out from the rest. Various skills are to be developed by students when they decide to pursue a MA course. The MA course helps the students to carve a niche and also to excel in the professional field. Listed below are a few skills that make one an adequate MA Economics graduate:
- Numerical skills
- Problem-Solving Approach
- Expert in one technical domain
- Cost-cutting skills
- Managerial abilities
- Communication skills
- Interpersonal approach
