Zollege is here for to help you!!
Need Counselling

MA (Master of Arts) Economics Course Details, Fees, Colleges, Admissions, Jobs, Salary 2020-21

Sakshi Gupta's profile photo

Sakshi Gupta

Content Curator

MA Economics or Master of Arts in Economics is a 2 years long postgraduation course that is divided into 4 semesters. With a blend of all the aspects of economics in a society, MA Economics broadly and commonly focuses on topics like macroeconomics, microeconomics, public economics, econometry, international and financial economics.

The course is the branch of science that deals with production and consumption and supply and demand changes in the markets. It is a broad account on utilization of resources in banking, market, insurance, investment and many other sectors of an economy.

In order to be eligible to pursue this course, one needs to hold a bachelor degree in economics or in a related field with a minimum of 50%. Colleges like Miranda House, Loyola College and Lady Shri Ram College for Women are few of the popular colleges for this course among many.

Read More: Top MA Entrance Exams in India

Tabulated below are the top MA Economics colleges in India according to THE WEEK ranking.

The WEEK 2019 Ranking College Name Admission Process Average Annual Fees Average Placement Offer
1 Lady Shri Ram College for Women Merit-Based INR 17,976 INR 8-9 LPA
4 Loyola College, Chennai Merit-Based INR 10,200 INR 3-6 LPA
5 Madras Christian College, Chennai Merit-Based INR 56,914 INR 2-3 LPA
7 Miranda House Merit-Based INR 19,030 INR 3-8 LPA
10 Fergusson College Merit-Based INR 9,680 INR 2-5 LPA

The average annual MA Economics fees may range from INR 10,000-50,000, depending majorly on the choice of college made by an individual. After completing this course, one can proceed further with a PhD in Economics as it not only becomes a lot more easy post qualifying this course, but also gives a good career opportunity.

Alert: Many MA Economics entrance exams like DUET have been postponed for indefinite time due to COVID 19 pandemic

Professionals of this field may expect their annual salary ranging from INR 3 to 7 LPA depending on the level of qualification one possesses. Top recruiters like ICICI Bank, RBI, Citi Bank, Bank of India, Indian Institute of Technology, Accenture, HSBC and Indian Statistical Institute provide tons of job opportunities every year to the aspirants of this field with a good annual package.

MA Economics Admission Process

MA Economics Admission Process

Admission in universities like Delhi University, Jawaharlal Nehru University, Manipal University and many others is done through entrance exams, but there are colleges like Christ University, Loyola College, University of Hyderabad and some more that rely on merit-based admission. 

Different patterns of admission are followed by universities like IGNOU and Karnataka State Open University as they provide distance education by direct admission. However, certain Colleges like Delhi University and Department of Business Economic reserve a percentage of seats for merit-based admissions.

Learn More about MA Economics IGNOU Admission 2020.

MA Economics Eligibility

The eligibility standards are different for admissions through entrance exams and merit basis, but students eager to pursue their masters in economics must fulfill the mentioned-below MA Economics eligibility criteria.

  • A bachelor degree in economics or in a relevant field of study.
  • A minimum percentage of 50% at the level of graduation is required.

MA Economics Entrance Exams

Compiled below is the list of few popular MA Economics exams that are conducted by various colleges in India every year.

Exam Name Conducted by Eligibility Application Period (2020)
DUET Delhi University Bachelor’s degree in economics or any discipline from a recognized university June 2nd-4th week of June
JNUEE Jawaharlal Nehru University Decent score in Bachelor’s degree in economics  March 2-April 30
Centre of Development Studies Entrance Test Centre of Development Studies Undergraduate qualification in economics or any discipline from a recognized university Extended till April 27 
BHU PET Banaras Hindu University Average score in undergraduate level in economics or related field January 30-March 21
Madras School of Economics Entrance Exam Madras University Bachelor’s degree in any discipline March 16-April 11

How to Prepare for MA Economics Entrance Exams?

An individual willing to sit for entrance exams in order to study MA Economics must have a vivid knowledge of the common sections given in the tests. Given below are some of the sections on which students must start focusing to get themselves a reputed college.

  • Microeconomics
  • Macroeconomics
  • Basis Mathematics
  • Economical Mathematics
  • Probability, Statistics and Elementary Econometrics

Successfully qualifying an entrance test can seem as one of the scariest things but at the same time, it is one of the most important tasks to accomplish in taking you a step forward towards your dream college. Following the tips given below, one may find clearing an entrance exam easy.

  • Note down the syllabus and start preparing study materials of each and every subject.
  • Start collecting previous years' questions and sample papers for getting more knowledge on the patterns of the questions.
  • Make a proper timetable and revise accordingly as well as thoroughly.
  • Surf through relevant websites and books to clear basic doubts.
  • Keep on practicing, taking help of different question banks until you become confident and perfect.
  • Continuous follow-up with the changing dates and updates of the exam is necessary.
  • Make sure to have a proper rest period regularly.

How to get admission in a good MA Economics College in India?

  • In order to secure a seat in one of the good colleges of MA Economics, it is suggested to have more than 55% in the undergraduate level of degree.
  • Listing all the top colleges for the subject has to be done and keeping a track of important dates related to application and exams are to be noted.
  • Candidates must start taking preparations for the entrance exams a year before.
MA Economics: What is it about?

MA Economics: What is it about?

Dealing with the understandings of finance and market managements, MA Economics syllabus revolves around the world’s economy and the distractions of the financial markets. It not only shows the functioning of finance in an economy but also makes one eligible to face challenges in the industry.

  • MA Economics is the study of wealth production, distribution and consumption in a society.
  • The course covers a huge part of macroeconomics in terms of price, output, employment etc. and microeconomics dealing with demands, supplies, markets, consumer behavior and with related topics in an economy. 
  • Every aspect of a country starting from individuals, businesses to government, and services depends on economics.
  • The degree holders may find themselves being placed in either government or private sectors of banking, finance and labor markets.

MA Economics: Course Highlights

Mentioned below are some of the major highlights of the course.

Course Level Postgraduate
Duration 2 years
Examination type Semester system
Eligibility Bachelor’s degree in economics or in any discipline from a recognized university
Admission Process Merit-based and entrance exams
Top Recruiters ICICI Bank, RBI, Citi Bank, Kotak, etc.
Job Profiles Professional Economist, Data Analyst, Equity Analyst, Financial Planner, Professional Economist, etc.
Course Fees INR 10,000 to INR 50,000 
Average Starting Salary INR 5-7 Lakhs
Why pursue MA Economics?

Why pursue MA Economics?

Studying this course can be interesting and fruitful at the same time. Look into the points below to know how.

  • MA Economics gives a good hold of the subject to the students as it teaches the value of increasing demands and limited means to fulfill the growing needs.
  • Pursuing MA Economics can get you a good scope of high paid jobs than other bachelor degrees. Banking, academic and organizational, government, and investment sectors are good career options for these degree holders.
  • Being qualified also opens the doors for pursuing PhD in the same field of study.
  • Economists are considered very important, as they are responsible in identifying the on-going structural changes in the market as well as dealing with the stability and national security of an economy.
  • This course can also be a perfect choice to get one-step closer to qualifying the Indian Economic Services.

Course Comparison

Oftentimes, students tend to become confused in choosing between MA Economics and MBA for higher studies. The table drawn below will help you in understanding the basic difference between the two.

Parameters MA  Economics MBA
Objective The main objective of MA Economics is to provide knowledge on all the aspects related to functioning of an economy. MBA as a course revolves around the objective of covering all the topics related to Business Management.
Subjects Taught Behaviour economics; banking and finance; labour market and reforms, etc. Finance management; principles of management; communication skills; business laws; entrepreneurship, etc.
Average Annual Fees INR 10,000 to 70,000 INR 3 to 25 lakh
Duration 2 years 2 years
Eligibility Undergraduate degree in any relevant field or the Entrance Exams Undergraduate degree in any relevant field or Entrances like CAT, MAT, GMAT
Top Colleges Lady Shri Ram College For Women (LSR), Miranda House, Fergusson College, Loyola College IIM Ahmedabad, XLRI Jamshedpur, MDI Gurgaon, FMS New Delhi
Job Roles Professional Economist, Data Analyst, Equity Analyst, Financial Planner, Professional Economist, etc. Financial Manager, Health Service Manager, High-End Management Consultant, Investment Banker, Chief Technology Officer
Average Annual Salary INR 5 to 7 LPA INR 7 to 13 LPA
MA Economics vs MBA (Fees and Placement Comparison)

Source: Official Surveys

MA Economics Colleges

MA Economics Colleges

Tabulated below are some of top MA Economics colleges in India, along with the location, average fees and annual package offered.

College Name City Annual Average Fee (INR) Annual Average Salary (INR)
Miranda House College New Delhi  19,030 3-8 LPA
Presidency College Chennai 900 2-5 LPA
Ramjas College New Delhi 14,300 3-7LPA
Fergusson College Pune 9,680 2-5 LPA
Christ University Bangalore 60,000 6-13 LPA
St. Mira’s College for Girls Pune 14,800 2-5 LPA
Symbiosis College of Arts and Commerce Pune 26,000 3-9 LPA
St. Xavier’s College Jaipur 62,500 5-10.5 LPA
Kristu Jayanti College Bangalore 67,000 4-12 LPA
Mithibai College of Arts Mumbai 11,300 3.5-7.5 LPA

College Comparison

Based on parameters like THE WEEK rankings, annual fees, annual packages offered and some more, here is the comparison of top colleges for MA Economics that one can discover to gain more clarity.

Parameters Lady Shri Ram College For Women Miranda House College Fergusson College
Overview Ranking 5th among the colleges in Delhi in Arts and Social Sciences, Commerce and Journalism, Lady Shri Ram College For Women (LSR) has 150 faculty and more than 2000 students with 16 courses to offer. Miranda House College, being  affiliated under Delhi University, is a college for women, established in 1948. The college has NAAC A+ accreditation with CGPA 3.61. Established by Deccan Education Society in 1885, Fergusson College is affiliated under Savitribai Phule Pune University (SPPU).
Location New Delhi New Delhi Pune
Rankings ( THE WEEK) 1 7 10
Average Annual Fees INR 17,976 INR 19,030 INR 9,680
Average Annual Salary Offered INR 8-9 LPA INR 3-8 LPA INR 2-5 LPA
Top companies visited Deloitte, MSU, Citi Bank, KPMG, Samsung, PWC IBM, ITC, Wipro, Kotak Mahindra Bank Amazon, Infosys, Accenture, Symphony, Capgemini
MA Economics Distance Learning

MA Economics Distance Learning

Students eager to know more about MA Economics in India must know that apart from a regular postgraduate degree, the course is also available in the form of a distance degree by the universities like  IGNOU,Sri Venkateswara University, Karnataka State Open University, Punjab University, Bangalore University and Mumbai University.

  • The admission criteria may differ as per variable universities on basis of either merit or entrance exams.
  • MA Economics Distance Learning can take 2 years to 5 years for an individual to complete and the average annual course to study a distance program in the same course may cost from INR 9,000 to INR 12,000.
  • To get placed in any government or a private organization will not be difficult for any aspirant of economics with a distance degree in the same field of study
  • Distance Learning also gives ample opportunities to earn lucrative packages.

The table below shows some of the top MA Economics distance learning colleges in India.

College Name Location Course Duration Application Process Average Annual Fee
IGNOU New Delhi 2 Years Merit-Based INR 4,500
KSOU Mysore 2 Years Merit-Based INR 7,300
Sri Venkateswara University Tirupati 2 Years Merit-Based INR 2,250
Mumbai University Mumbai 2 Years Merit-Based INR 6,015
MA Economics Syllabus

MA Economics Syllabus

The syllabus for MA Economics can vary depending on the colleges and the universities, but down here is the syllabus that is commonly followed.

Semester 1 Semester 2
Microeconomic Theory Macroeconomic Theory
Introductory Mathematical Economics Theory of Pricing and Distribution
Introductory Econometrics International Finance
International Trade Quantitative Methods
Semester 3 Semester 4
Development Economics Public Economics
International Economics Econometrics-2
Econometrics-1 Project Work
Industrial Economics (Electives) Financial Economics (Electives)
Environmental Economics (Electives) Economics of Infrastructure (Electives)
Globalization and Economics (Electives) Economic Demography (Electives)
- Economics and Law (Electives)

MA Economics Books

MA Economics Books help students clear the exams and make the education a smooth process. There are a lot of such book available in the market and we have made a list of the some of the best ones for you. Following are the popular books one can refer to when pursuing MA Economics.

Economics Books Author
Indian Economy Ramesh Singh
Delhi University M.A. Economics Entrance Test Guide R. Gupta
A History of Economic Thought S.Chand
Contemporary Economic Issues in India P.K. Chaubey
Business Economics Dr. J.P.Mishra
Micro Economics P.N. Chopra
Essays on Economic Issues Narasimha Murthy M.S.
MA Economics Job Prospects

MA Economics Job Prospects

Since this subject is closely associated with finance, markets and the functioning of an economy as a whole, professionals of MA Economics with a decent percentage have a huge scope of getting placed in both government and private organizations as economists.

Following are the various suitable MA Economics job profiles which degree holders can get.

Job Role Job Description Average Annual Salary
Research Analyst A research analyst does the work of examining data and producing helpful information to the employers. INR 5,18,000
Data Analyst Conducting surveys, acquiring relevant information and presenting those collections into charts and graphs are what data analysts do. INR 3,85,000
High School Teacher The job of a high school teacher is to make students familiar with all the aspects of economics mentioned in the curriculum off the board of education, and to conduct tests and project works. INR 3,50,000
Economist Conducting and designing researches to identify trends as well to assist the government, banks and agencies are the day-to-day work of an economist. INR 7,92,000
Primary School Teacher Primary school teaches economics as part of social science to the primary students. INR 2,47,000
Director of Operations To ensure that all the individuals working in a firm are productive as well as  to control purchases related to resources is the typical of a director of operations. INR 30,00,000
Project Manager A project manager does all the jobs related to projects. Starting from developing a project plan, communicating the same to managing and arranging resources for the projects, everything has to be checked. INR 20,00,000

MA Economics Top Recruiters

The top recruiters of MA Economics graduates from both private and public organizations are as follows:

Government Organizations Private Organizations
Rail India Technical and Economic Services Infosys
Directorate of Economics and Statistics, Manipur Zocdoc, Inc.
Department of Economic Affairs Buhler India Pvt Ltd
Reserve Bank of India Dell, Inc.
Indian Statistical Universities Accenture
Central Bank of India HSBC

The graph below represents the salary trends of various job profiles. The average MA Economics salary is INR 5-7 lakh.

Salary Trend of M.A Economics Job Roles

Source: Payscale

MA Economics Future Scope

MA Economics Future Scope

Education is never ending, and if one has the potential and willingness to study further, then pursuing a Ph.D. in Economics or in another related research field may seem interesting. There are top universities like Indian Institutes of Technology (IITs), Loyola College, Indian Institutes of Management (IIMs) and many more offering a PhD in Economics.

The top specific courses to choose post MA Economics are listed below:

One can consider the above mentioned courses to continue with their further studies, in order to get an in-depth knowledge of specializations attached to the subject as well as of the subjects as whole. Studying further MA Economics is not only worthy in terms of gaining knowledge but it can also make an individual eligible enough to bag a high paid job.

MA Economics FAQs

MA Economics FAQs

Ques. Is MA in Economics tough?

Ans. If you already had economics in your undergraduate level then you already have an idea of the subject, but if you did not have economics previously, then it might seem difficult but one can surely overcome it.

Ques. Which are the best universities for MA  in Economics?

Ans. Universities like Lady Shri Ram College For Women, Miranda House College, Loyola College, Madras Christian University, Christ University, Bangalore and Fergusson College are few of the top universities to study the course.

Ques. Which Course is better, MBA or MA in Economics?

Ans. In terms of cost to study, MBA is more expensive than a master in economics. Average salary of an MBA can be more than masters in economics, depending on the job level and role.

Ques. What is the basic difference between MA Economics and MSc Economics?

Ans. Both the courses are of 2 years, but MA Economics revolves around the principles of humanities in the field of economics and MSc economics deals with the scientific principles of economics.

Ques. Is MA Economics worth studying?

Ans. Considered as one of the best paying postgraduate degrees, MA Economics with decent grades can offer opportunities both in government and private sectors with good pay.

Ques. Will there be any impact of Covid 19 on MA Economics Admissions?

Ans. Yes, many MA economic entrance exams have been postponed due to the Covid 19 pandemic throughout the world.

Ques. What can be done after MA Economics?

Ans. One can try their career for the job roles like Investment analyst, Finance analyst, Economists, Satisfaction, Market researchers and more.

Ques. How can one get MA Economics admission?

Ans. The minimum eligibility to study MA Economics is to have 50%-55% in the undergraduate level. However, some colleges do have entrance exams to qualify for this.

Ques. How many total subjects are there in MA Economics?

Ans. As per the Delhi School of Economics, there are 6 core subjects and 9 electives for MA Economics.

Master of Arts [MA] (Economics) Fee Structure in India

590 (Minimum Fee)PUBLIC COLLEGES3.37 L  (Maximum Fee)
17.68 K (Average Fee)
677 (Minimum Fee)Private COLLEGES9.30 L (Maximum Fee)
61.59 K (Average Fee)

Master of Arts [MA] (Economics) Fee Structure By state


25.11 K
2.75 KPrivate COLLEGES1.13 L
23.79 K

Tamil Nadu

10.80 K
677Private COLLEGES61 K
19.77 K

Uttar Pradesh

8.71 K
2.89 KPrivate COLLEGES2.40 L
34.73 K


8.60 K
4.42 KPrivate COLLEGES1.51 L
33.64 K

Delhi NCR

26.68 K
17.50 KPrivate COLLEGES9.30 L
2.13 L

Madhya Pradesh

10.70 K
2 KPrivate COLLEGES1.65 L
52.62 K


17.07 K
12.79 KPrivate COLLEGES9.30 L
1.81 L


11.89 K
15.50 KPrivate COLLEGES1.34 L
50.18 K


31.43 K
18.50 KPrivate COLLEGES1.61 L
62.72 K


37.20 K
12.79 KPrivate COLLEGES1.96 L
61.31 K
10.38 K
4.55 KPrivate COLLEGES18.70 K
10.64 K


46.55 K
1.64 KPrivate COLLEGES1 L
62.79 K


7.80 K
13 KPrivate COLLEGES4 L
1.57 L

Andhra Pradesh

15.98 K
8.04 KPrivate COLLEGES50 K
24.86 K


19.06 K
2.46 KPrivate COLLEGES2.03 L
87.65 K
21.12 K
22 KPrivate COLLEGES1.81 L
85.69 K


8.93 K
10.90 KPrivate COLLEGES1.03 L
33.57 K


25.09 K
5.20 KPrivate COLLEGES1.03 L
52.18 K

West Bengal

8.56 K
1.89 LPrivate COLLEGES2.32 L
2.10 L


32.87 K
12.79 KPrivate COLLEGES1.40 L
69.13 K

Himachal Pradesh

12.44 K
50 KPrivate COLLEGES70 K
60 K

Arunachal Pradesh

5.24 K
60 KPrivate COLLEGES97.50 K
78.75 K


8.74 K
80 KPrivate COLLEGES4 L
1.93 L


No Comments To Show

Other Colleges

Similar Colleges You Might Be Intrested In

Shri Ram College of Commerce - [SRCC]

Shri Ram College of Commerce - [SRCC]

New Delhi, Delhi NCR |AICTE
MA No Fees Foundcourses & fees >
No Ratings Found!!
Lady Shri Ram College for Women - [LSR]

Lady Shri Ram College for Women - [LSR]

New Delhi, Delhi NCR |UGC
MA 17.98 KFirst year Fees courses & fees >
No Ratings Found!!
Loyola College

Loyola College

Chennai, Tamil Nadu |UGC
MA No Fees Foundcourses & fees >
No Ratings Found!!
Christ University

Christ University

Bangalore, Karnataka |UGC
MA 61.50 KFirst year Fees courses & fees >
No Ratings Found!!
Jawaharlal Nehru University - [JNU]
MA 1.26 KFirst year Fees courses & fees >
No Ratings Found!!
Presidency College

Presidency College

Chennai, Tamil Nadu |AICTE
MA 870First year Fees courses & fees >
No Ratings Found!!
Madras Christian College - [MCC]

Madras Christian College - [MCC]

Chennai, Tamil Nadu |UGC
MA No Fees Foundcourses & fees >
No Ratings Found!!
Fergusson College

Fergusson College

Pune, Maharashtra |
MA 9.68 KFirst year Fees courses & fees >
No Ratings Found!!