M.Phil. (Economics)

Economics is the study of concepts and principles in relation to economics. It is applicable in every industry. Every organization looks for Economics graduates in order to gain an advantage over their competitors. There is an abundance of opportunities for Economics graduates in many areas regardless of industry. They can seek a career as a professional economist with data research and analysis. The areas where job opportunities lie are banks, government, local authority, insurance companies, multinational companies, financial consultancies, finance companies, investment, and healthcare.

Thanks to the skills developed during this course, the graduates can apply the same to set up their own business and be a successful entrepreneur. The top recruiters who are always on the lookout to hire fresh talent in economics are listed below:

  • AON Hewitt
  • Tata Consultancy Services
  • Accenture
  • Canara Bank
  • Godrej
  • Samsung
  • Airtel
  • Axis Bank
  • Coca Cola

M.Phil. Economics: Job Profiles

The economics graduates can work for top companies at different job profiles. Some of them are displayed below in the table.

Designation Description
Quantitative Modelling Manager Quantitative Modelling Managers use Statistical methods, modeling and research to analyze Financial behavior.
Research Analyst A Research Analyst prepares reports on equity securities.
Economist An Economist studies the relationship between society and its economic system.
Fund Analyst A Fund Analyst provides Stock Market Traders with financial information, advice, and recommendation based on global investment data.
Equity Analyst/Financial Analyst An Equity/Financial Analyst research and determine which securities are likely to be profitable and help individuals or organizations make a financial decision.
Assistant Professor An Assistant Professor teaches Economics to students in colleges and universities.

M.Phil. Economics: Salary Trends

The Finance sector in India is projected to grow at a steady rate for the next few years and is supposed to generate as many as 20 Lakh new jobs in the next few years. With the growth in the industry, the finance sector will also experience a requirement for skilled professionals in research and analysis. This makes M.Phil. Economics a viable option for those who wish to pursue a career in the Finance sector.

An estimation of the latest salary trends in the field of finance and economics is displayed with the help of the graph displayed below:

salary graph for M. Phil. (Economics)

M.Phil. (Economics) : 3 answered questions


Ques. How good are your chances to get into PhD economics at MIT/Harvard/Stanford after completing MA economics from DSE or MSQE from ISI Delhi/Kolkata?

● Top Answer By Aaditya Hari Nair on 04 Sept 21

Ans. Getting admission to MIT, Harvard or Stanford can be possible from ISI Delhi. It has a very good Economics Unit. However, the same cannot be said about ISI Kolkata and also MSQE, for that matter. Do not expect to get into MIT or Harvard or Stanford by studying in ISI Kolkata. It goes without saying that you will have to have and maintain an excellent academic record to even be considered for admission to the institutes you aspire to study in. And you also must have a good reference with the faculty so that they can write letters of recommendation for you.Read more
1 Answer

Ques. Between JNU and Delhi School Of Economics, which option will be the best to pursue a PhD in economics for an individual?

● Top Answer By Keshav Jindal on 17 Jul 21

Ans. One of my cousins who did a Ph.D. said that choosing a college clearly depends upon the area of interest you have in mind for the research. It would be good if you start researching the professors of the colleges. If their field of expertise matches the field you wanted to opt for, then it’s a win-win situation. Well, If we talk about JNU I have been informed by one of my friends who did PhD from JNU that this university focuses on hardcore research. Moreover, it has a good number of professors who have decent experience in research. Whereas, DSE offers a master’s program that helps students to apply for corporate jobs. Thus, this institute is quite quantitative for its PG courses. Delhi School of Economics will teach mathematically to understand the contemporary style of economics. This will help you try for a Ph.D. abroad. JNUs teachings are much simpler and theories with less mathematical writing. If you want to sit for UPSC exams, JNU is really a good option. Therefore, you need to choose wisely, pursuing Ph.D. would only be good if you receive a good piece of advice from your professors or someone who has appropriate experience.Read more
1 Answer

Ques. Which institute is better for a PhD in economics (in terms of exposure, curriculum, study methods, etc.), IIM Ahmedabad or IIM Bangalore?

● Top Answer By Lubaba Shaheen on 31 Aug 20

Ans. IIM Ahmedabad and IIM Bangalore both are highly proclaimed institutions. You can choose any of the above-mentioned institutes for a Ph.D. in Economics. Given below is a comparison between the Ph.D. in Economics program offered by the two institutes. Institution IIM Ahmedabad IIM Bangalore Selection Process GRE/GMAT/GATE/UGC-JRF in a relevant subject GRE/GATE/CAT/GMAT/IIMB Test Stipend INR 35,000 per month INR 40,000 per month Duration 3-5 years 3-5 years Average CTC 25 LPA 26.18 LPA Most students receive jobs from educational institutions with roles like the Assistant professor and Visiting faculty. Few students also opt for higher studies. Both the IIMs are equally good and offer similar opportunities and exposure.Read more
1 Answer


I have completed MBA in HR. Can I pursue M.Phil in Economics or any subject options please suggest?
Hi Gajraj, this depends on the college/university in which you are applying for admission as the eligibility criteria varies from college to college.

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M.Phil. (Economics) Colleges IN INDIA

View All
35.2 K first year fees
Christ University
Bangalore, Karnataka
35 K first year fees
1.38 K first year fees
Presidency College
Chennai, Tamil Nadu
2.22 K Total fees
Delhi University - [DU]
New Delhi, Delhi NCR
1.15 L Total fees