MA Economics (Honours)

M.A (Hons.) Economics or Master of Arts Honours in Economics is a Post-Graduate programme. Economics states how individuals, firms and the government make choices. It is a way of thinking about the world that enables us to understand and improve decision making and throws light on issues such as the environment, unemployment, inflation, poverty, globalization and trade.

During the Master of Arts Honours course in Economics, students are equipped with a range of quantitative, analytical and communication skills. The duration of the Master of Arts Honours course in Economics is five years. during this five years’ term, both graduation and post-graduation are covered. After passing the Master of Arts Honours course successfully, students have widespread job opportunities both in the government and private sectors.

M.A (Hons.) Economics Eligibility

  • Aspiring students should have passed 10+2 from a recognized School Board.
  • The candidate must have passed the intermediate level with 50% aggregate marks with Economics, Mathematics and Commerce as one of the subjects.

M.A (Hons) Economics Course Suitability

  • Students should have the ability to reduce complex problems to simple components and statistical techniques to test theories.
  • They should know using incentives upon behaviour as they attend different types of people.
  • They should possess analytical and critical thinking; effective oral and written communication of ideas.
  • They must be up to date about things happening in the economic world.

How is M.A (Hons) Economics Course Beneficial?

  • After passing it successfully, students can apply for Indian Economic Services, and PSUs and other public-sector banks.
  • Students have a good option for further higher studies like M.Phil. and PhD for enhancing educational qualification and job promotions.
  • Another bright area for students is economic journalism with many job opportunities.

M.A (Hons) Economics Employment Areas

  • Commerce / Finance Ministries
  • Public / Private Banks
  • Financial Department (Industry)
  • MNC’s / BPO’s / KPO’s / NGO’s
  • Stock Exchanges

Advanced Courses in M.A (Hons) Economics

 

Top Colleges in India for MA Economics

Listed below are the top colleges for those who wish to pursue MA Economics in India:

  1. Delhi School of Economics
  2. Indian Statistical Institute, Delhi
  3. Indira Gandhi Institute of Development Research, Mumbai
  4. Madras School of Economics
  5. Centre of Development Studies, Kerala
  6. Gokhale Institute of Politics and Economics, Pune 
  7. Hyderabad School of Economics
  8. Jamia Millia Islamia, Delhi
  9. School of Social Sciences, Jawaharlal Nehru University, Delhi
  10. Lady Shri Ram College, Delhi
  11. Fergusson College, Pune
  12. Miranda House, Delhi
  13. Madras Christian College, Chennai
  14. Loyola College, Chennai 
  15. St Joseph’s College, Calicut
  16. Takshashila University.

Career Opportunities and Job Prospects

Since economics has always been a popular career field, MA Economics graduates can find numerous job prospects in both the private and public sectors. Here are the major career prospects you can choose from after completing a master’s degree in Economics.

  • Research Analyst
  • Data Analyst
  • Economist
  • Project Manager
  • Financial Journalist
  • Policy Researcher
  • Strategy Analyst
  • Credit Officer-Retail
  • Stock Broker
  • Policy Analyst
  • Lecturer 
  • Risk Analyst
  • Risk Manager
  • Marketing Consultant
  • Investment Analyst
  • Trade Analyst
  • Research Associate
  • Director of Operations

Now that you are familiar with the prominent job opportunities for MA Economics graduates, here are some of the key employment areas:

  • Healthcare
  • Telecommunication sector 
  • Environmental sectors
  • Government Organizations
  • NGOs
  • Private Companies
  • Banking and Finance sector 
  • Insurance sector
  • Research Institutes
  • Academia

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

  • 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

SCOPE

Economist: Economics graduates can work as economists, analyzing economic data and trends to help businesses, governments, and other organizations make informed decisions. They can work in research institutions, consulting firms, and government agencies.

Financial Analyst: Economics graduates can work as financial analysts, analyzing financial data to help businesses and investors make investment decisions. They can work in banks, financial institutions, and consulting firms.

Policy Analyst: Economics graduates can work as policy analysts, analyzing the impact of public policies and making recommendations for policy changes. They can work in government agencies, think tanks, and research institutions.

Business Consultant: Economics graduates can work as business consultants, advising businesses on how to improve their performance and competitiveness. They can work in consulting firms, financial institutions, and government agencies.

Economist Educator: Economics graduates can become educators, teaching economics in high schools, colleges, and universities. They can inspire and educate future generations of economists, financial analysts, policy analysts, business consultants, and economics educators.

Programme

Course Name MA Economics
Full Name Masters of Arts in Economics
Level Postgraduate
Duration 1-2 years
Field Economics and Business
Popular Entrance Exams TISSNET, CUCET, TS CPGET, GRE, etc
Average Fees INR 40000
Average salary offered INR 6 lakhs per annum
Job Prospects Data Analyst, Economist, Research Analyst, Sr Business Analyst, HR Manager, Analytics Manager, High School Teacher, Business Analyst, Lecturer, Speaker, etc