In a world driven by financial decisions, economic policies, and data-driven insights, the Master of Arts in Economics (MA Economics) has emerged as a powerful postgraduate course for students passionate about understanding economic trends and influencing policy. Whether you’re aiming for a role in government, the private sector, or academic research, this program offers a solid foundation.
Let’s explore everything you need to know about MA Economics—including eligibility, syllabus, career scope, top colleges, and job prospects.
Table of Contents
What is MA in Economics?
MA Economics is a two-year postgraduate degree focusing on advanced concepts of economics including microeconomics, macroeconomics, econometrics, development economics, and more. The course helps students understand both theoretical and applied aspects of economic systems.
It is available in regular, distance education, and online formats, making it accessible for working professionals and students alike. The degree is UGC-recognized and holds the same value as a traditional postgraduate degree in India and abroad.
MA Economics Course Highlight
| Feature | Details |
|---|---|
| Degree | Master |
| Full Form | Master of Arts |
| Admission Process | Entrance and Merit-based |
| Eligibility Criteria | A minimum of 50% marks in graduation course from a recognized university |
| Average Course Fee | INR 10000 to INR 50000 |
| Duration | 2 Years |
| Average Starting Salary | INR 5-7 Lakhs |
| Job Roles | Professional Economist, Data Analyst, Equity Analyst, Financial Planner, Professional Economist, etc. |
Why Pursue an MA in Economics?
An MA in Economics opens up a plethora of opportunities for individuals looking to excel in the field of economics. Here are some compelling reasons to pursue this advanced degree:
- Specialized Knowledge: An MA in Economics equips students with in-depth knowledge and expertise in economic theories, policies, and practices.
- Career Advancement: Graduates with an MA in Economics have a competitive edge in the job market, with opportunities in government, financial institutions, consulting firms, and more.
- Analytical Skills: The program hones analytical and critical thinking skills, essential for conducting research and making informed decisions.
- Networking: Students have the chance to connect with industry professionals, professors, and peers, expanding their professional network.
- Research Opportunities: An MA in Economics offers research opportunities to delve deeper into specific economic topics and contribute to the field’s advancement.
MA Economics Eligibility Criteria
To get admission into an MA in Economics program, candidates must meet the following basic eligibility criteria:
- A bachelor’s degree in Economics or a related discipline (such as B.A. in Economics, B.Com, or BBA) from a recognized university.
- A minimum of 50-55% aggregate marks in undergraduate studies (relaxation for reserved categories).
- Some reputed universities require entrance exams such as DUET, JNUEE, or BHU PET.
MA Economics Admission Process
There are two types of admission routes:
- Merit-based Admission: For colleges accepting students directly based on UG scores.
- Entrance-based Admission: For top universities like Delhi University, JNU, or BHU.
Documents Required:
- UG degree certificate and marksheets
- Passport-size photo
- Identity proof
- Caste/category certificate (if applicable)
Important Exams:
- DUET (Delhi University Entrance Test)
- JNUEE (Jawaharlal Nehru University)
- CUET PG (for central universities)
What is the MA in Economics Course Syllabus?
The MA Economics syllabus is designed to provide a comprehensive understanding of both theoretical and applied economics. Here’s a typical breakdown:
| Semester One | Semester Two |
|---|---|
| Microeconomics | Development Economics |
| Macroeconomics | Financial Economics |
| Quantitative Techniques in Economics | Research Methodology |
| Economic History | Elective Course |
| Semester Three | Semester Four |
|---|---|
| International Economics | Thesis/Internship |
| Public Economics | Elective Course |
| Econometrics | – |
| Elective Course | – |
Top Colleges for MA Economics in India
Here’s a list of top-ranked colleges offering MA in Economics:
| College/University | Location | Admission Type | Fees (Approx) |
|---|---|---|---|
| Delhi School of Economics (DSE) | New Delhi | Entrance (DUET) | ₹12,000/year |
| Jawaharlal Nehru University (JNU) | New Delhi | Entrance (JNUEE) | ₹600/year |
| University of Hyderabad | Hyderabad | Entrance | ₹5,000/year |
| IGNOU (Distance Mode) | Nationwide | Direct Admission | ₹12,600 total |
| Amity Online | Online | Direct Admission | ₹1.5L total |
| Jain University Online | Online | Direct Admission | ₹1.2L total |
| Swami Vivekanand Subharti University | Distance | Direct Admission | ₹40,000 Total |
MA Economics Distance & Online Education Options
For working professionals or those unable to attend full-time classes, MA Economics distance education and online courses are great alternatives.
Top Distance/Online Options:
- IGNOU: UGC-DEB approved with flexible exam options
- Swami Vivekanand Subharti University
- Amity University Online
- Jain University Online
- Lovely Professional University (LPU) Distance Education
Benefits:
- Study at your own pace
- Affordable fees
- Recognized by UGC
- Ideal for working professionals
Career Options After MA Economics
One of the strongest aspects of this degree is the diverse career paths it opens up:
Government Sector
- Indian Economic Services (IES)
- RBI Grade B Officer
- UPSC (Economics optional)
- Policy Analyst in NITI Aayog
Private Sector
- Business Economist
- Research Analyst
- Data Analyst
- Financial Consultant
- Investment Banker (with certifications)
Academic & Research
- PhD in Economics
- Research Fellowships
- Think Tanks & NGOs
MA Economics Salary in India
The MA Economics salary in India varies by sector and experience. Here’s a general idea:
| Job Role | Entry-Level Salary (Per Annum) |
|---|---|
| Economist | ₹6-8 LPA |
| Data Analyst | ₹4-6 LPA |
| Policy Analyst | ₹5-7 LPA |
| Assistant Professor | ₹4.5-6 LPA |
| Research Associate | ₹3-5 LPA |
| RBI/IES Officer | ₹10-14 LPA |
MA Economics Scope & Future Opportunities
- Wondering about the scope of MA Economics in India? It’s vast.
- Demand is growing in banking, insurance, research, and analytics.
- High-paying jobs are available in public policy, financial institutions, and consulting firms.
- Students can pursue further studies like PhD in Economics, MBA, or data science certifications.
- International career options are also possible, especially with an additional specialization or language skill.
Top Recruiters for MA Economics Graduates
Some of the top recruiters include:
- Government bodies: RBI, NABARD, SEBI, NITI Aayog, Ministry of Finance
- Consulting firms: McKinsey, Deloitte, PwC, EY
- Banks: HDFC, ICICI, Axis, SBI
- Research institutions: Indian Council for Research on International Economic Relations (ICRIER), NCAER
MA in Economics: Recommended Books
| Name of the Book | Name of the Author |
|---|---|
| Microeconomics | Hal R. Varian |
| Macroeconomics | N. Gregory Mankiw |
| Capital in the Twenty-First Century | Thomas Piketty |
| Freakonomics | Steven D. Levitt and Stephen J. Dubner |
| The Wealth of Nations | Adam Smith |
MA in Economics: FAQs with answers
Is an MA in Economics a good investment in your career?
Absolutely. An MA in Economics opens doors to a wide range of career opportunities in finance, consulting, government, and academia.
What are the admission requirements for an MA in Economics program?
Admission requirements typically include a bachelor’s degree, GRE scores, letters of recommendation, and a statement of purpose outlining your academic and career goals.
How long does it take to complete an MA in Economics program?
Most MA in Economics programs can be completed in 1-2 years, depending on whether you are studying full-time or part-time.
What skills can you gain from an MA in Economics?
An MA in Economics equips you with analytical, critical thinking, and quantitative skills essential for roles in data analysis, policy-making, and research.
Can I pursue a Ph.D. after completing an MA in Economics?
Yes, an MA in Economics can serve as a strong foundation for further academic pursuits like a Ph.D. in Economics or related fields.
Is financial aid available for MA in Economics students?
Many universities offer scholarships, assistantships, and grants to support students pursuing an MA in Economics.
Is MA Economics tough?
It requires analytical thinking and comfort with math/statistics, but it is manageable with regular study.
Can I do MA Economics without having studied Economics in UG?
Yes, some universities accept candidates from commerce or related fields, especially if they’ve studied math/stats.
Which is better: MA Economics or MBA?
If you aim for research, policymaking, or academics, MA Economics is better. For business/management roles, MBA is preferred.
Final Thoughts
The MA in Economics is more than just a postgraduate degree—it’s a gateway to impactful careers in public policy, finance, research, and beyond. With its increasing relevance in today’s data-driven and policy-focused world, this course offers both intellectual growth and financial stability.
Whether you’re a fresh graduate, a working professional, or someone aiming for government roles, MA Economics can shape your future like few other degrees can.
