PhD Economics Admission: Application Form, Notification, Exam Dates, Eligibility, Top Colleges
Ph.D. in Economics is a three to five-year doctorate course. Qualification for the course is a postgraduate course in Financial matters, candidates ought to likewise have Four year certification in Financial aspects/Lone ranger in Innovation in Financial aspects from perceived College.
Note: Understudies who wish to seek after their schooling in Administration field or get a lifelong lift, can check MBA course.
Top establishments which are offering Ph.D. in Financial matters course are as per the following:
• Indian Institute of Technology
• Indian Statistical Institute
• Loyola School
• Indian Institute of Management
• Lovely Professional University
• Fergusson School
• IFMR – Institute for Financial Management And Research
The typical educational expenses for Ph.D. in Financial matters ranges between INR 80,000 to 6 Lacs for the range of 3 to 5 years.
Admissions to Ph.D. in Financial aspects course are based on advising in the wake of clearing entry tests relying upon the universities. Some of them are:
1. GATE
2. UGC NET
3. GRE
4. JCECE (Jharkhand Consolidated Entrance Competitive Test)
5. IIM Ph.D. test
Significant subjects concentrated in Ph.D. in Economical matters course are Farming Economical matters, Monetary Economical matters, Work Economical aspects, Modern Economics matters, Worldwide Economics aspects, Business Economics aspects, Banking Economics matters, Natural Economics matters, Formative Economics aspects, Provincial Economics aspects and Country Improvement and Econometrics and so forth.
Graduates with this degree have a chance for the businesses like Instructing Focuses, Financial matters Consultancies, Financial matters Division, Home Educational costs, Galleries, Confidential Educational costs, Distributing House, Innovative work Offices and Schools and so on.
A portion of the top organizations employing Ph.D. in Financial matters graduates are Bank of India, Bharat Manufacture, Bharat Oil Partnership Restricted, BSNL, Discerning, Ericsson India, Flipkart, Future Gathering, Goldman Sachs, Grasim Honda Bikes, Indian Oil, Infosys, JCB, Mahindra Designing, Microsoft, ONGC, Dependence, Dependence Enterprises Restricted, Goodbye, Goodbye Power, TCS and so forth. The typical compensation for Ph.D. in Financial aspects graduates is around INR 2 to 8 Lacs however this can be higher based on experience and different elements.
Ph.D. in Economics: Course Highlights
Listed below are some of the major highlights of the course.
Course Level | Doctorate |
Duration | 3 to 5 years |
Examination Type | Semester System |
Eligibility | Post-graduation in Economics |
Admission Process | Based on counseling after clearing Entrance Tests like UGC-NET for different colleges. |
Course Fee | INR 80, 000 to 6 Lakh for three years |
Average Starting Salary | INR 2 to 8 lacs per annum |
Top Recruiting Companies | Bank of India, bharat forge, Bharat Petroleum Corporation Limited, BSNL, Cognizant, Ericsson India, Flipkart, Future Group, Goldman Sachs, Grasim Honda Two Wheelers, Indian Oil, Infosys, JCB, L T L T Engineering and Construction, Local Oye, Mahindra Engineering, Microsoft, ONGC, Reliance, Reliance Industries Limited, TATA, Tata Power, TCS |
Job Positions | Accounting, Auditor, Banking and Finance, Insurance Investment, Marketing, Stock Broker, Media Analyst, Management, Manufacturing, Advertising, Communication, Actuarial |
Ph.D. in Economics: What is it About?
Ph.D. in Economics ordinarily covers macroeconomics and microeconomics. Nonetheless, this is a helpful degree if you need to get a lifelong in educating or officially exploring monetary subjects. When the proposition is supported and the oral test passed, the last long periods of enlistment are devoted towards the exploration, composing, and protection of a paper.
Numerous understudies are keen on chasing after higher examinations in this subject. The significant open door which lies in the field of Economics is that it is predominantly associated with the field of Exploration. A Ph.D. degree ought to possibly be taken in the event that an individual has adequate interests in research-situated works. For the most part the PhDs are taken by individuals who are associated with the Scholastics field. This might bring about better comprehension of the specific field or subject in a superior way.
This could include affirmations in renowned organizations and arrangements in blue-chip organizations. Large numbers of them have likewise been participated in different fields going from common society to strategy making through their schooling, research, field activity, and expansion.
Understudies would have the option to grasp a great many hypothetical discussions in economics and business, break down monetary issues and assess the ramifications for financial arrangement and business arranging and system subsequent to finishing Ph.D. in Economics course
A graduate degree or Ph.D. in Economics is expected for most business analyst occupations. A postgraduate education is in some cases expected for progression to more significant level positions.
Ph.D. in Economics: Top Institutes
NAME OF INSTITUTE | CITY | AVERAGE COURSE FEES |
Indore | INR 3 Lakh | |
Kolkata | INR 2 Lakh | |
Chennai | INR 3.55 Lakh | |
Bangalore | INR 400,000 | |
Punjab | INR 249,500 | |
Chennai | INR 207,620 | |
Gurgaon | INR 67150 | |
Pune | INR 45,800 | |
Chittoor | INR 75,000 | |
Mizoram | INR 80,000 | |
Madras | INR 60,000 | |
Jaipur | INR 250,000 | |
Lucknow | INR 100,000 | |
Chennai | INR 50,000 | |
Bhopal | INR 200,840 | |
Ghaziabad | INR 3 Lakh |
Ph.D. in Economics: Eligibility
To seek after a Ph.D. in Economics course, the competitor ought to have Bosses or M.Phil. degree in Economics from a perceived college. Likewise the experts in Science/Drug store and Economics or the pertinent stream with a total of 55% imprints and furthermore with substantial Ph.D. entrance test alongside the meeting. For admission to the Ph.D. program in Economics office, a base prerequisite is Graduate degree in Economics.
Assuming that you have taken admission to M.Phil degree through a placement test, you should not give any selection test at Ph.D. level. A few Colleges likewise concede understudies on premise of Public Qualification Test (NET). Last Confirmation is given based on Interview round directed almost a month prior to the beginning of the semester.
As a rule, Ph.D. course confirmation is finished after Experts or M.Phil degree, yet in the event that you end up being one of the clinchers in UG BE/B.Tech course from a presumed college, you might be qualified for direct admission to the Ph.D. course. Such up-and-comers require 75% imprints in qualifying assessment alongside a substantial Door score.
Ph.D. in Economics: Admission Process
In India, colleges have privileges to set their own methodology and guidelines for the Ph.D. program affirmations. In any case, the arrangement of prerequisites for the application are comparable. These ought to incorporate an examination proposition, specifying the proposed layout of your Ph.D. project, and making sense of the procedure you intend to utilize.
This is alluded to as the National Eligibility Test (NET) and is directed by the University Grant Commission (UGC) for most subjects, except for Science and Designing which are covered by the Council of Scientific and Industrial Research (CSIR).
Entrance Exams are:
1. JCECE (Jharkhand Combined Entrance Competitive Exam)
2. UGC NET
3. IIM Ph.D. test
4. GRE
5. GATE
Albeit a college degree or a graduate degree in economics might be useful for confirmation, most projects just require imminent understudies to have finished a year or a greater amount of school level economics. Also, many projects expect candidates to have finished a few semesters of math. While not needed, a few projects likewise suggest that understudies total courses in measurable examination prior to applying.
Likewise, most projects expect candidates to submit scores from the Graduate Record Examination (GRE) and letters of proposal. Numerous economics divisions expect that imminent up-and-comers likewise give a mission statement. The assertion ought to frame the understudy’s objectives and furthermore demonstrate conceivable exploration regions, similar to worldwide economics or pay dispersion.
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Ph.D. in Economics: Syllabus and Course Description
PAPER I) COURSE ON RESEARCH METHODOLOGY | PAPER II) ADVANCED TOPICS IN ECONOMICS |
Unit-1:
| Unit 1: Micro and Macro Economics
|
Unit-2:
| Unit 2: International Trade, International Finance, Corporate Finance
|
Unit-3:
| Unit 3: Development and Growth Theory • Theories of under-development • Classical Growth Models • Endogenous Growth Models • Sustainable Development |
Unit-4: • Methods of Analysis: Simple and Multiple Regression • Time series analysis • Problems in econometric estimation | Unit 4: Economic Issues and Policy-I • Planning and Economic Reforms • Financing of Infrastructure Development, Education Sector, • PSUs, Privatization and Disinvestment, • Fiscal and Monetary Policy Approaches Tax Reforms, Central Government Finances • Financial Sector Reforms, Money and Capital market. • Foreign Trade Liberalization, Balance of Payments, Exchange Rate • World Trade Organization (WTO) and Indian Competition Policy. • WTO and Effects of Trade (Liberalization and Globalization) on Poverty, Inequality, Environment, Gender, Labour Standards, Technological Transfers etc. |
Unit-5: • Documentation – writing the research thesis • Introduction to statistical and econometric software | Unit 5: Economic Issues and Policy-II • Poverty, Income Distribution and Justice • Migration and Demographic Transition • Land Reforms in India and their impact on Agrarian Structure • Nature and Problems of Rural Development in India • Indian Industry and Structural Changes • Rural industrialization and strategies • Rural poverty alleviation and employment programmes |
Ph.D. in Economics: Career Prospects
The students can opt in for the various specializations which are available such as:
- Applied Economics
- Econometrics
- Business economics etc.
The candidates can clear NET conducted by UGC for lecture posts. The remuneration in this field is pretty good when compared to others.
| Work Location | Salary |
| Mumbai, Maharashtra | INR 258,000 – 645,000 |
| Chennai, Tamil Nadu | INR 200,000 – 720,000 |
| Hyderabad, Andhra Pradesh | INR 1,80,000 |
| Bangalore, Karnataka | INR 5,40,000 |
A Ph.D. degree will assist an individual with getting into the exploration situated showing profession.The competitors can likewise get utilized in Exploration labs and so forth. After Ph.D. one can likewise apply for the Lesser Partnership tests. Thus the course of Economics in will be more sought after among the understudies these days.
The vocation possibilities for Ph.D. in Economics graduates are a large number. Various fields are sitting tight for financial alumni both in general society as well as the confidential areas. The typical compensation is Rs 4 to 8 lakh for every annum.
Ph.D. in Economics? Employment Opportunities
The various fields are offering better job opportunity after passing Masters or M.Phil. in Economics.
1. Accounting
2. Auditor
3. Banking and Finance
4. Insurance Investment
5. Marketing
6. Stock Broker
7. Media Analyst
8. Management
9. Manufacturing
10. Advertising
11. Communication
12. Actuarial
13. Education and Research
14. Retailing
15. System Analysis
Postsecondary economics teachers and economists are two careers in which a Ph.D. in Economics is helpful.
Different Fields of Economics
There are various fields of economics. Some of the important disciplines are given here.
1. Agricultural Economics
2. Financial Economics
3. Labour Economics
4. Industrial Economics
5. International Economics
6. Business Economics
7. Banking Economics
8. Environmental Economics
9. Developmental Economics
10. Rural Economics and Rural Development
11. Econometrics
You can apply to Indian Economic Services.
Job Position | Job Description | Average Annual Pay Scale in INR |
Lecturer/Professor | The NET is conducted to determine the eligibility for Junior Research Fellowship Award or Assistant Professor. A lecturer’s job provides a stable salary and gives you a chance to constantly increase your knowledge. | 295,493 |
Banker | Bankers give their customers a wealth of services. They assist in setting up certificates of deposit and opening a checking or savings account as well as handling trusts, investment accounts, deposits, lines of credit and much more. | 467,000 |
Economists | An economist researches and interprets trends related to goods, services, and resources. They provide advice on economics to businesses and individuals. | 455,286 |
Geographer | A geographer uses qualitative and quantitative methods to gather and analyze data, synthesizing it into maps, reports, and other usable formats. Geographers specialize in the study of physical and human characteristics of an area, such as vegetation or population density. Employment often requires at least a bachelor’s degree – and more commonly a master’s degree – and relevant experience. Professional GIS certification may also be required. | 5,14,536 |
Econometricians | Reaching agreements about research projects with internal or external clients Monitoring and evaluating the data collection process. Using statistical software to organize and analyze the information gathered | 478,705 |
Public Relations Officer | Public relations (PR) is about managing reputation. To provide support and understanding to the clients as well as to try to influence them by your opinions and behavior. All means of media and communication should be used to manage the reputation of the customers. | 240,790 |
Industrial organization economists | Industrial economists analyze savings, investments, and risk. Industrial economists study the supply of workers and the demand for labor by employers. | 8,70,558 |
Political Scientists | Political scientists research the developmental and organizational aspects of political institutions, including government policies and patterns. While a bachelor’s degree may qualify some candidates for entry-level positions with government entities, nonprofit associations, political campaigns or research organizations, completion of a master’s or Ph.D. program in political science or public administration is the usual requirement for obtaining a position. | 4,66,071 |
