MPhil Economics Admission Process

• MPhil admissions are done mainly through the Entrance Test followed by a personal interview conducted by the respective institute/university.
• Candidates who have passed national entrance exams such as NET JRF / NET LS / SLET are excluded from the entrance examination at university level, but must be eligible for the personal interviews before securing a seat in the program.
• Application forms for admissions are invited generally during the month of May for the M.Phil. program on web portals/newspapers/websites of the college/university.
• Institute / College may specify a higher credit requirement for their MPhil program. 
• The Selection Committee will call eligible candidates possessing the minimum educational qualifications and satisfying score in the entrance exam and satisfying additional and stiffer criteria set from time to time, for an interview and/or test. 
• Based on the academic record and the performance of the candidates in selection criteria, candidates found suitable for admission will be accepted.
• Reservations apply to SC / ST / EWS / OBC NCL / PwD candidates as per Govt. of India rules.

Entrance Based Admission

The most popular M.Phil. entrance exams in the country is UGC NET, which is required for admission into primarily public universities. Private institutes also conduct their own examinations or rely on the national/ state level entrance exams. The guide to apply for entrance exam based admission is as follows.

• Candidates need to register on the official website by providing their email id, mobile number, and password.
• Fill up the online form with personal and academic details and course details.
• Upload all the scanned documents like candidate’s Photograph, Signature, Photo Identification, mark sheets, caste certificate, etc.
• Payment of the application fees using a Net banking, debit/credit card.
• Submission of the application fee and form, submit, and download the form for future references. 

MPhil Economics Eligibility Criteria

Students who wish to pursue M.Phil. in Economics should fulfil the minimum eligibility criteria mentioned below:

• Candidates must hold a Master’s Degree in Economics or allied subjects from a recognized institute.
• Minimum aggregate of 55% marks in the Master's Degree or equivalent grade B in the UGC 7 point scale or equivalent.
• In the case of reserved category SC/ST/OBC/PH candidates, a relaxation of 5% marks or equivalent grade is given as per UGC guidelines.
• NET JRF / NET LS applicants are excluded from appearing for university entrance examinations, but must appear for the personal interview round.
• There is no age bar to apply for the M.Phil in Economics.
• Candidates should have strong communication skills, or the ability to communicate verbally and in writing.

MPhil Economics Entrance Exams

Candidates need to qualify the entrance exam conducted by UGC, State, or University to secure a seat in MPhil Economics course. Below is a list of some entrance exams applicable for M.Phil. programs:

• UGC NET : This is a national level exam which is conducted to determine eligibility in Indian universities and colleges for the post of Professor and/or Junior Research Fellowship. The UGC NET score is valid for 3 years just in case of JRF, Lifetime for professor, no restriction on the amount of attempts.
• TANCET: Tamil Nadu Common Entrance Test is an entrance examination which is conducted by the Anna University on behalf of the Govt. of Tamil Nadu for admission to various postgraduate courses.

The dates of application and examination for the above-mentioned examinations are mentioned in the table below:

COVID-19 related information :

• Most of the entrance exams have been postponed due to COVID-19. The dates for the entrance exams will be released on the official website in due course of time. 
• Many universities / institutes opt for the personal interview via video conferencing. 

How to prepare for the MPhil Economics Entrance Exam?

To prepare for the entrance exams, candidates should know the syllabus, the books to refer to, and the question pattern, and they should prepare according to it. They should also refer to the previous year question papers and also appear for the mock tests. Some of the important points that candidates can keep in mind while preparing for the exam are given below:

• Exam Pattern: The exam is usually of 2-3 hour duration. It is divided into MCQ and subjective questions with a minimum of 100 marks.
• Important topics: The syllabus of most of the entrance exam usually include common topics from the master studies that include Micro Economics, Macro Economics, Statistics and Econometrics, Mathematical Economics, International Economics, Public Economics, Money and Banking, Growth and Development Economics, Environmental Economics and Demography, and  Indian Economy.
• Books: The candidates can simply refer to their coursebook studies in the master's degree program. 

How to get admission in a good MPhil Economics college?

To secure admission into a top-ranking MPhil Economics college, a number of factors come into play. Some of the following tips will be helpful in that regard.

• To secure a seat in a good college for an M.Phil. in Economics, candidates must hold an exceptional academic record.
• Candidates must look out for an advertisement for MPhil admissions to be aware of the vacancy in the research area of your choice.
• Candidates must appear for National Entrance Tests and score high ranking marks to secure a seat in a good college.
• Candidates should put their time and effort in the entrance test as well as be prepared for a personal interview round.
• Be thorough with Economics subjects and be well versed with bachelor and post-graduation subjects.
• They should check the eligibility, cut-offs, selection criteria, admission process, application procedure, and other updates for better preparation.

MPhil Economics: What is it about?

Given below are details about the MPhil in Economics program.

• Economics is the practical and abstract study of wealth formation and distribution.
• M.Phil in Economics is well divided into a taught portion and a significant portion of the research, during which a thesis project is carried out under supervision.
• It has developed considerably as a field and now integrates a variety of other topics, including Sociology, Geography, Law, and many others, to improve our collective understanding of the current economic structures today.
• The Economics research offers a comprehensive structure for examining, researching, writing, and teaching a wide variety of financial and national economic issues. 
• The course allows students to combine economic theory with empirical analysis, using statistical methods to analyze public policy problems and the business / financial domains.
• The program includes a dissertation in partial fulfillment of the Degree award requirements.

MPhil Economics: Course Highlights

M.Phil. in Economics usually offers huge opportunities in the future, therefore students majoring in Economics usually choose to do M.Phil. The basic information about the course is mentioned in the table below: 

Why Study MPhil Economics?

The reasons to study M.Phil. Economics course will differ from candidate to candidate. Some of the reasons why most choose this field of study have been elaborated below.

• Learning about economic principles will help you understand the news, make financial choices, influence public policy, and see the world in a different way.
• Studying an economics degree gives a range of subject-specific skills that allows applying economics knowledge to real-world situations.
• The discipline has two essential features: build mathematical behavior models to forecast reactions to changes in policy and market conditions, and use quantitative statistical analysis to analyze those changes.
• This is an opportunity to become an authority in the chosen subject and contribute academically and practically to knowledge.
• It will also enable the education sector of the country to expand and improve.
• The course puts out research on human behavior and explains social processes using theoretical models or empirical evidence.
• This boosts high-paid job prospects and opens up a wide variety of opportunities.

MPhil English vs MPhil Development Studies

M.Phil. in Economics and M.Phil. in Development Studies are almost similar courses except for a few differences. The below-given comparison is given keeping in mind all the important parameters of differences in M.Phil in Economics and M.Phil in Development Studies: