Master of Arts in Quantitative Economics Top Colleges, Syllabus, Scope and Salary

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Pranjal Singhal

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M.A. in Quantitative Economics is a 2- year long postgraduate level course that is divided into 4 semesters, with each semester lasting for 6 months. The course structure in designed to include advanced study in subject areas such as comparative economy, micro economy, macro economy, international economics, different quantitative analytical methods, etc.  

The average fee charged in India for the course ranges between INR 2,000 and 1.5 lacs, depending upon the institute offering the course. Candidates with a minimum aggregate score of 55% at the level of graduation are eligible to apply, however, fees and application criteria often change with institutes.

The average annual starting salary offered in India to such postgraduates lies within the range of INR 4 to 9 Lacs, depending upon the organization and the candidate’s experience and expertise in the domain. The field has a lot of opportunities and a vast field of areas to work on. The average salary offered to such postgraduates varies from public to the private sector.

M.A. in Quantitative Economics: Course Highlights

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

Course Level Post Graduate
Duration 2 Years
Examination Type Semester System
Eligibility Graduation from a recognized Board or equivalent qualification
Admission Process Counselling after taking entrance examination
Course Fee INR 2000 to 1.5 Lacs
Average Starting Salary INR 4 to 9 Lacs
Top Recruiting Fields/Areas Banking and Finance, Education and Communications, Business, Government and Public Sectors. Companies Include Mckinsey, GE, Tata Motors, Reliance Industries, Citi Bank, HSBC, Nestle, etc.

Top Colleges for Master of Arts [MA] (Quantitative Economics)

M.A in Quantitative Economics: What is it About?

M.A. in Quantitative Economics is a vast subject area that deals with a diverse range of modern- day issues grounded in Economics. The course aims to equip eligible students with the major contemporary tools that one needs to provide efficient solutions to economic problems. A number of universities and colleges across India offer this course comprising almost 32 types of different elective subjects that students can choose from. Certain institutions also allow enrolled students to specialize in certain fields such as Comparative Economics and Micro Economics.

The principle subjects covered in the curriculum are Quantitative Analytical Methods, Macroeconomics Microeconomics, Political Economics, Industrial Economics, Comparative Economic Systems, International Economics, Investment and Banking Systems, Public Policy Issues etc.

Eligibility for M.A in Quantitative Economy

Candidates wishing to pursue the course need to meet the basic eligibility criteria listed below:

  • Graduation in Economics or related subject with Economics being one of the main subjects of study during graduation.
  • A minimum aggregate score of 45%-50% at the level of graduation.
  • A few institutes also conduct entrance examinations, based on performance in which, candidates are assessed.
  • Students appearing for their graduation’s final year’s examinations are also eligible to apply.

M.A. in Quantitative Economics: Admission Process

To this course, admission is usually merit-based, i.e., depending on the student’s performance at the Senior Secondary level, however some colleges might conduct entrance tests for shortlisting and admitting students to the course.

Top Institutes Offering M.A. in Quantitative Economics

Some of the leading institutes in India offering M.A. in Quantitative Economics are listed here along with the corresponding locations and the average fees charged annually.

COLLEGE NAME CITY AVERAGE FEES IN INR
Fergusson College Pune 3,500
Presidency College Chennai 1,000
St. Stephens College New Delhi 8,000
Christ University Bangalore 32,500
Madras Christian College Chennai 14,000
Lady Shree Ram college for Women New Delhi 18,000
Madras School Of Economics (MSE) Madras 23,000
Jawaharlal Nehru University (JNU) New Delhi 1,000
Delhi School Of Economics (DSE) New Delhi 14,000
Loyola College Chennai 6,000

M.A. in Quantitative Economics: Syllabus and Course Description:

A semester- wise breakup of the course is given here.

Semester I

Microeconomic Analysis- I
Monetary Economics- I
Elementary Statistics
International Trade
Macroeconomic Analysis
Mathematics From Economics
Indian Economy
Soft Skill Elective

Semester II

Theory Of Pricing and Distribution
Macroeconomic Analysis - II
Quantitative Methods for Economic Analysis
Introduction to Computing
International Finance
Social Orientation Elective
Viva Voce

Semester III

Economics Of Growth/ Development Economics
Public Economics
Issues in the Indian Economy
Economics of Industry
Classical Political Economy
Elective Course

Semester IV

Growth Models in Economics
Indian Public Finance
Selected Problems of the Indian Economy
Economics Of Agriculture
Advanced Statistics and Computer Application
Monetary Economics
Elective Course
Elective Subjects
Econometrics I and II
Labor Economics I and II
Demography I and II
Economics of Gender and Development I and II
Economics of Infrastructure I and II
Financial Institutions and Markets I and II
Economics of Insurance I and II

M.A. in Quantitative Economics: Career Prospects

Some of the popular professional avenues open to such postgraduates are listed below with the corresponding salaries offered for the respective positions.

Quantitative Economics
JOB POSITION JOB DESCRIPTION AVERAGE ANNUAL SALARY IN INR
Business Analyst To analyze the potential growth areas for a business organization to maximize the profit earned. 4 to 5 lacs
Financial Analyst To analyze the areas where improvement could be done and to apply techniques and tools for achieving feasible monetary gains. 3 to 5 lacs
Securities Analyst The job broadly deals with the concerns related to security and assets of an organization. 4 to 6 lacs
Market Analyst To analyze the potential areas in the market where investment should be made, taking the help of quantitative tools, determining risk factors. 4 to 8 lacs
Marketing Manager To essentially deal with the marketing strategies of an organization, balance and maintain the workforce. 6 to 9 lacs
Operations Manager To work extensively to properly maintain the operations of an organization. The job profile includes maintaining smooth conduct of operations and maintaining coordination among teams, among others. 6 to 12 lacs

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Master of Arts [MA] (Quantitative Economics) Colleges IN INDIA

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Andhra University - [AU]
Visakhapatnam, Andhra Pradesh
AICTE
26 K first year fees
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