Ph.D in Economics Course, Fees, Admission, Eligibility, Syllabus, Scope

Ph.D in Economics Course, Fees, Admission, Eligibility, Syllabus, Scope

Edited By Moksh Dheri | Updated on Oct 03, 2024 12:31 PM IST | #Ph.D

PhD in Economics is a three- to five-year doctoral programme in economics. Candidates must have completed a postgraduate course in Economics or hold a bachelor's degree in Economics from a recognised university to be eligible for the course. The average salary of an Economist in India is Rs. 16.1 LPA.

This Story also Contains
  1. PhD Economics Course Details
  2. Eligibility Criteria for Ph.D Economics
  3. Admission Process for Ph.D Economics
  4. Top Ph.D Economics Entrance Exams
  5. Cutoff for Top Colleges
  6. Syllabus of Ph.D Economics
  7. Ph.D in Economics Fees
  8. Scope for a PhD Economics
  9. Career Options after PhD in Economics
  10. Salary after Ph.D in Economics
  11. List of Top Ph.D Economics Colleges in India with Fees
  12. Top Private Ph.D Economics Colleges in India with Fees
  13. Top Government Ph.D. Economics Colleges in India with Fees

Economics is primarily concerned with combining cutting-edge economic principles with thorough data analysis in order to solve issues. Some of the popular degrees in Economics before doing a Phd are BA, BE, B.Sc. in Economics, MA, M.com and M.Sc. Some of the popular career options are Professor, Economist, Statistician, and Equity Research Analyst.

The top colleges offering Ph.D Economics courses are IBS Hyderabad, BITS Goa, and IIFT Kolkata. Students aspiring to pursue Ph.D Economics courses must clear the relevant entrance examinations, such as UGC NET, and CSIR UGC NET, depending on their college and specialisation.

PhD Economics Course Details

ParticularsValues

Degree Name

Ph.D in Economics

Degree Type

Doctoral

Degree Duration

3 to 5 years

Entrance Exams

UGC NET, CSIR NET

Eligibility Criteria

Master's degree in Economics or related discipline with valid aggregate score

Admission process

Entrance exam/ Merit-Based

Cutoff

-

Fees for the entire duration

Rs. 36,000 to Rs. 1.84 Lakhs

Average Salary

Rs. 16.1 Lakhs

Job profiles

Professor, Economist, Statistician, Equity Research Analyst

Top recruiters

Deloitte, Google, Boeing, TCS. Cognizant, EY, Delhi University, Intel, Accenture, and Axis Bank


Eligibility Criteria for Ph.D Economics

Most educational institutions have similar eligibility requirements for a Ph.D. in Economics students who have completed their Master’s degree in Economics are eligible to pursue Ph.D in Economics.Applicants will be evaluated on statistics and maths in the first part. The second half will assess candidates' knowledge of microeconomics, macroeconomics, and econometrics.

  • Students must hold a master's degree in Economics (MA Economics) from a recognised institution.
  • A master's degree with a minimum of 50 percent marks is required.
  • Candidates must pass a written exam and a personal interview, as well as meet the institute's basic standards.

Admission Process for Ph.D Economics

Admission requirements for the PhD in Economics vary by institution. Depending on their admission exam and master's degree results, students are admitted to various colleges. Some universities will accept students based on their entrance exam results while some institutes conduct personal interviews or other tests to screen the applicants.

  • Applicants can apply for PhD in Economics admission directly at the university by going there, filling out the admission form, presenting the required documents, and submitting the application form.
  • Candidates can also apply by browsing the college's website, filling out the online PhD in Economics degree application, and uploading all required credentials.
  • They can also directly apply for exams such as UGC NET or CSIR UGC NET depending on their specialisation and meet the cutoff score.
  • Once clearing the exam choosing their institutes students are advised to pay the course fees and submit the required documents as per the requirement of the institute.

Top Ph.D Economics Entrance Exams

UGC NET: University Grants Commission National Eligibility Test popularly known as UGC NET is a national-level entrance examination for many courses related to lectureship and doctorate. The examination is conducted by the National Testing Agency (NTA) twice a year. The exam is conducted in various languages and is conducted in online mode.

CSIR NET: CSIR UGC Test for JRF and Eligibility for Lectureship or CSIR UGC NET is a national-level entrance examination administered by National Testing Agency (NTA) for admission to various courses in the Lectureship such as Life Sciences, Chemical Sciences, and Mathematical Sciences, the exam is conducted in Online mode in English and Hindi languages.

Cutoff for Top Colleges

A cut-off for a PhD in Economics is a set of criteria used to assess a candidate's eligibility or entrance exam scores. The cutoff for a Ph.D in Economics differs by college and is determined by the number of students who clear the entrance examination, difficulty level of the entrance examination and status and prestige of the institute.

Skills Required for Ph.D Economics

Candidates need certain skills in order to fully benefit from the course, candidates wishing to apply for the Ph.D Economics course need both practical as well as theoretical knowledge to be successful in their academics and future careers in the field of Economics. Listed below are the skills required to pursue Ph.D Economics course:

  • Good Communication Skills
  • Critical Thinking
  • Leadership
  • Decision-Making skills
  • Patience
  • Interest and Aptitude for Economics

Syllabus of Ph.D Economics

The syllabus of Ph.D Economics include subjects such as Research work in Economics, Database research for Economics, Quantitative Methods and Computer Applications. In the table below we have mentioned the syllabus of Banaras Hindu University for their Ph.D in Economics syllabus.

Paper- I Research Methods in Economics- I

Paper- II Research Methods in Economics- II

Paper- III DataBases for Research in Economics

Paper- IV Quantitative Techniques and Computer Applications

Paper- V Ethics in Research

-

Ph.D in Economics Fees

The fee details of the Ph.D in Economics course can be found on the official website of the institute or students can visit the college personally to get all the necessary details about the course. Fee depends on the type of institute, its location and the course chosen by the institute. Generally the fee for a Ph.D Economics course ranges from Rs. 36,000 to Rs. 1.84 Lakhs.

Scope for a PhD Economics

The Ph.D. in Economics programme is designed to enable students not only to get a basic understanding of domain-specific concepts but also to strengthen their overall interpersonal and teaching abilities. Because of the global economy, Ph.D. in Economics is in increasing demand in India for both academic and employment prospects, and the demand for a well-trained economist is also constantly rising.

Career Options after PhD in Economics

Many Indian businesses hire economists with a PhD degree. Academic qualities and abilities determine the work and positions of PhD in Economics graduates. They are hired by various companies and universities for the jobs and profiles listed below. We have listed some of the well-known career options after PhD in Economics degree.

Professor: A professor teaches individuals in a certain field of study at a university or college level. In most cases, a professor is an expert in the topic that he teaches at the university level. Professors who are knowledgeable and experienced in their fields are qualified to conduct research and publish articles in their fields.

Economist: An economist examines resource growth, investment, and distribution in order to bring what they've learned into practice and impact current social dynamics. In today's context, economists must research, analyse, forecast, and assess business and revenue patterns in every industry.

Statistician: Individuals who have studied business and have chosen a career that requires data analysis and analytical skills are known as statisticians. To collect data, statisticians design surveys, trials, and opinion polls. They're in charge of overseeing how many and what kind of groups or samples will be employed in the research or poll.

Equity Research Analyst: In the financial sector, equity research analysts operate for both buy and sell-side firms. They generate industry and stock research reports, estimates, and suggestions. To keep their research up to date, equity research analysts analyse market data and news reports as well as consult with individuals in the firms and industries they research daily.

Top Recruiters:

  • Deloitte
  • Google
  • TCS
  • Cognizant
  • Ernst & Young
  • Axis Bank
  • Accenture
  • Intel
  • Qualcomm

Benefits of Studying Ph.D in Economics

Students will have the opportunity to focus on the research areas that they are most passionate about. After completing a Ph.D in Economics, students can get a job as a professor in India. Students will get a better insight into how the social environment operates, which will assist them to evaluate problems and solutions.

Salary after Ph.D in Economics

Students after completing Ph.D in Economics course can apply for various career options, the salary for these courses depends on the location of the company, its status, job profile opted by the candidates, and the skills and experiences of the candidates. The salary after a Ph.D in Economics is mentioned below.

Job ProfilesAverage Salary

Professor

Rs. 15.4 LPA

Economist

Rs. 16.1 LPA

Statistician

Rs. 5.8 LPA

Equity Research Analyst

Rs. 10.1 LPA

Source: AmbitionBox

List of Top Ph.D Economics Colleges in India with Fees

Many private and government institutes offer Ph.D in Economics courses in India, the admission to these institutes is based either on entrance examination or direct admission based on merit score. Mentioned below are the top 10 Ph.D Economics colleges in India along with their respective fees.

Top Private Ph.D Economics Colleges in India with Fees

Ph.D in Economics courses are offered by many private institutes in India, students are advised to check the admission process of these colleges carefully and follow the eligibility criteria. Mentioned below are the top private Ph.D Economics colleges in India with Fees.

CollegesFees

IBS Hyderabad

-

BITS Goa

-

JD Patil Sangludkar Mahavidyalaya, Daryapur

Rs. 1.21 Lakhs

SGRR P.G College

Rs. 36,000

Saraswathi Narayanan College, Madurai

Rs. 60,000

Top Government Ph.D. Economics Colleges in India with Fees

Government institutes are slightly cheaper as compared to a private institutes and also offer quality education. Students can check the course and fee details on the official website of the college. In the table below, we have mentioned the top government colleges offering Ph.D. Economics degree programmes along with their respective fees.

CollegesFees

Jagat Taran Girls Degree College, Allahabad

Rs. 72,000

Iswar Saran Degree College, Allahabad

Rs. 91,950

University School of Management and Entrepreneurship, Delhi Technological University, Delhi

Rs. 1.46 Lakhs

School of Postgraduate Studies Tamil Nadu Agricultural University, Coimbatore

Rs. 1.84 Lakhs

Government Arts College Kota

-


Ph.D Economics course teaches the students advanced skills and knowledge in the field of Economics. Economics is a very diverse and broad field including many areas of research. Students pursuing Ph.D in Economics courses learn about various topics which will help them in their careers as academicians or working professionals.

Frequently Asked Questions (FAQs)

1. Is a PhD in economics worth it?

PhD in Economics is among the most attractive degree programs: if you perform well, you'll have a good chance of securing a high-level research position in academia or government sectors. Academic economics, in particular, is among the best methods to perform and strengthen international economic research.

2. How hard is a PhD in economics?

A PhD is challenging in any discipline, not just economics since it is a research training exercise.

3. What is the tuition fee of the PhD in Economics course?

PhD in Economics course prices range from Rs. 36,000 to Rs. 1.84 Lakhs on average, depending on the type of college.

4. What is the eligibility criteria for PhD in Economics?

For a PhD in Economics, students must complete a master’s degree in Economics from a recognised university.

5. What is the duration of the PhD in Economics course?

The PhD in Economics is a three to five-year-long programme.

6. What are the skills required for a PhD in Economics?

Communication skills, Critical thinking, Organising skills, Leadership, Decision-making skills, Patience, Attention to detail, Numerical ability, Active learning are some of the skills required for a PhD in Economics.

7. Which colleges offer PhD in Economics courses in India?

Some of the top colleges which offer Ph.D. in Economics degrees are IBS Hyderabad, BITS Goa, JD Patil Sangludkar Mahavidyalaya, Daryapur, SGRR P.G College, Saraswathi Narayanan College, Madurai, Jagat Taran Girls Degree College, Allahabad, Government Arts College Kota, School of Postgraduate Studies Tamil Nadu Agricultural University, Coimbatore.

8. What are the career options after a PhD in Economics?

There are various career options after a PhD in Economics degree. Some of the careers are Professor, Economist, Statistician, Equity Research Analyst.

9. What are the best firms to work for if you have a PhD in Economics?

Deloitte, Google, Boeing, TCS, Cognizant, Ernst & Young, Delhi University, Jamia Millia Islamia University, Jadavpur University, Kolkata, Banaras Hindu University, Varanasi, Jawaharlal Nehru University, Axis Bank, Accenture, Intel, Qualcomm are some of the leading organisations that hire PhD in Economics graduates.

10. Is it possible to pursue a PhD after completing a master's degree in economics?

Students who have completed an MA, MSc, MCom, or BTech degree can apply for a PhD programme.

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Questions related to Ph.D

Have a question related to Ph.D ?

The value of a PhD in Management depends a lot on the university's reputation, faculty, research output, and industry connections. If the university is well-known and has good placement support, you have better chances of getting academic or corporate research jobs. However, from lesser-known universities, job opportunities might be limited unless you actively network, publish quality research, and gain teaching or consulting experience. So yes, jobs are possible after a PhD, but much depends on your efforts and the university’s standing.

For more details you can visit the link given below

https://bschool.careers360.com/colleges/list-of-phd-in-technology-management-colleges-in-india


Hi aspirant,

1. A PhD in Agriculture (Soil Science) is a doctoral degree that offers extensive knowledge and research skills in soil science, a key area of agriculture.

2. It entails conducting extensive research on soil's physical, chemical, biological, and fertility qualities, as well as managing them for long-term crop production and environmental health.

3. Students conduct unique research in order to better understand soil processes, increase soil fertility, and create sustainable agriculture methods.

4. After earning a Master's degree, a PhD program usually requires three to five years of full-time study, though this might vary. The university, the intricacy of the research topic, and the student's development may all have an impact on this.

All the best!


A Ph.D. in Agricultural Soil Science focuses on soil management, fertility, and its impact on crop production.

Eligibility:

Master’s degree in Agriculture, Soil Science, or related fields.

Entrance exams like ICAR AIEEA, CSIR NET, or university-specific tests.

Top Institutes:

IARI, New Delhi

PAU, Ludhiana

UAS, Bangalore

NDRI, Karnal

Duration:

Usually 3-5 years.

Research Areas:

Soil fertility, conservation, irrigation, climate impact, and sustainable farming.

Career Opportunities:

Research Scientist, Faculty, Soil Conservation Officer, etc.

Transferring PhD program is a complex process but not impossible. Here is the process that you need to go through:

Challenges and Considerations:

  • University Policies:
    • PhD transfer policies vary significantly between universities. Some may have strict rules against transfers, while others may be more flexible.
    • The receiving university must be willing to accept your previous work and progress.
  • Supervisor Compatibility:
    • Finding a new supervisor with research interests that align with your ongoing work is essential.
    • The new supervisor must be willing to take you on as a student.
  • Funding Transfer:
    • Transferring your UGC-NET JRF scholarship can be complex. You'll need to ensure the new university is eligible to receive UGC funding and that the scholarship can be transferred.
    • It is very important to contact the UGC regarding the transfer of your funding.
  • Credit Transfer:
    • The receiving university will need to evaluate your previous coursework and research progress to determine how much credit can be transferred.
    • There may be requirements to complete additional coursework or research to meet the new university's standards.
  • Research Alignment:
    • Your research topic must fit within the research areas of the new department.
    • You may need to adapt your research to align with the new university's resources and expertise.

· Identify Potential Universities:

  • Research universities in Dehradun, Delhi, and Noida that offer PhD programs in your field of study.
  • Look for universities with strong research programs and supervisors whose interests align with yours.

· Contact Potential Supervisors:

  • Reach out to potential supervisors via email or phone.
  • Explain your situation, including your research progress, funding, and reasons for transferring.
  • Send your research proposal, CV, and any relevant publications.

· Contact University Admissions/PhD Offices:

  • Inquire about the university's PhD transfer policies and procedures.
  • Ask about the required documentation and deadlines.

· UGC Consultation:

  • Contact the UGC directly to inquire about the transfer of your JRF scholarship. Obtain official guidance on the procedure and any necessary documentation.

Universities you can consider:

· Delhi:


    • University of Delhi
    • Jawaharlal Nehru University (JNU)
    • Indian Institute of Technology Delhi (IIT Delhi)
    • Jamia Millia Islamia
  • Noida:
    • Amity University
    • Shiv Nadar University
  • Dehradun:
    • Forest Research Institute (FRI)
    • Graphic Era University
    • Doon University.

Hope it is helpful !


Hi aspirant,

Admission to JNU is possible even if you don’t have NET/JRF. Here's how to apply.

  • JNU conducts its entrance exam, where you have to do a written test and then an interview.
  • If you have an MPhil degree, you can apply for a PhD
  • If you have qualified for UGC NET but didn’t secure JRF, you can still apply.

JNU provide fellowships to meritorious students .

For step-by-step admission processes at JNU, visit here.

Hope this answer helps you.

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