MPhil Economics

The Master of Philosophy (MPhil) in Economics is an advanced academic program that bridges the gap between a master’s degree and a doctoral program. This program is designed for students who wish deeper knowledge economic theory and its practical applications, preparing them for both academic and professional careers.

The MPhil in Economics typically spans two years and consists of coursework, research projects, and sometimes a dissertation.The Mphil course fee ranges from INR 7000 to INR 2 lakh. Some of the top colleges that provide MPhil courses are Amity University, Calcutta University and Jamia Millia Islamia, Delhi School of Economics and more .Many candidates pursue a PhD after completing an MPhil course whereas some candidates pursue an MPhil to increase their job prospects.

The degree opens doors to roles in various fields, where graduates can teach and conduct research. It also positions them well for careers in research institutions, think tanks, and international organizations like the IMF or World Bank. In the private sector, MPhil graduates are sought after for their analytical skills and can work in financial institutions, consultancy firms, and government agencies. Though MPhil Program is discontinued by UGC , however it is still offered by some Private university . Students who wish to have information about the same can go through this article .

 

Mphil in Economics Highlights : Details 

The table below gives overview of some of the important details related to the MPhil in Economics course such as the full form, course level, eligibility criteria, Entrance Exams, Fees, Average Salary, Job Profiles,  Top Recruiters and Top Colleges:

Aspect	Details
Course Level	Post Graduation
Course Name	Mphil in Economics
Mphil In Economics Full Form	Masters in Philosophy of Economics
Eligibility	Master's degree with 55 per cent marks
Mphil Entrance Exam	CUET, TISSNET, PUBDET and BHU UET
Course Fees	INR 7k- 2L
Average Starting salary	INR 4 to 30 lakhs per annum
Top Recruiting companies	Bank of Baroda,HDFC Bank, Alice Blue, Paytm Money, Deloitte Consulting Services , Axis Bank
Job position	Financial Analyst, Stock Broker, Associate Researcher, Economy Analyst, Teacher, Senior Business Analyst, Senior Economist, Trade Analyst, Marketing Manager and Branch Retail Manager
Skill developed	analytical, and problem-solving skills, such as financial management, market research, business planning, budgeting, resource allocation
Top universities	Banaras Hindu University, Jamia Millia Islamia, Hindu College, TISS - Tata Institute of Social Sciences, Jawaharlal Nehru University

Why Pursue Mphil in Economics?

• Pursuing a Master of Philosophy (MPhil) in Economics offers several compelling benefits that make it an attractive option for students.
• The MPhil serves as a strong foundation for those aiming to pursue a PhD in Economics. It offers a structured environment to refine research skills and develop a thesis proposal, making the transition to doctoral studies smoother. For students with aspirations of becoming university professors or leading researchers, the MPhil is an essential step towards achieving these goals.
• It also positions them well for careers in research institutions, think tanks, and international organizations like the IMF or World Bank. In the private sector, MPhil graduates are sought after for their analytical skills and can work in financial institutions, consultancy firms, and government agencies.
• The program offers a robust foundation for further academic pursuits, a variety of career opportunities, and the ability to make meaningful contributions to economic theory and practice.

Different colleges have different eligibility criteria for admission to MPhil in Economics courses. Candidates who have completed an MPhil curriculum may be interested in pursuing a PhD programme. Those interested in pursuing an MPhil must first complete the eligibility requirements. The basic criteria remain the same for the majority of the institutions.

Particulars	Details
MPhil in Economics Academic Qualifications	Master’s degree in a related field
MPhil in Economics Marks Criteria	55% marks at the postgraduate level
MPhil in Economics Age Limit	No age limit

Popular Entrance Exam

There are two possible methods for students to get admission in MPhil in Economics either entrance exams or merit-based selection. Depending on the Institution and its admission criteria . Here's a general overview of some Popular Entrance Exam.

MPhil in Economics Entrance Exams	Dates of MPhil in Economics Entrance Exam	MPhil Entrance Exam Schedule
Common University Entrance Test (CUET)	Feb '25 - Apr '25	CUET Schedule
Jamia Millia Islamia (JMI) Entrance Exam	April, 2025	JMI Entrance Exam Schedule
PUBDET 2024	July, 2025	Presidency University Bachelor's Degree Entrance Test

There are different modes in which students can opt for MPhil in Economics according to their Convenience and choice :

Course Level	Description
Full time MPhil Course	Traditional mode with regular classes and research work. Requires a significant time commitment.
Part time MPhil Course	Allows students to work or attend to other responsibilities while studying. Classes may be scheduled on weekends or evenings.
Distance MPhil Course	Online or correspondence-based mode with limited on-campus requirements. Suitable for working professionals.
Online MPhil Course	This is only Online based course with online classes which gives comfort and flexibility.

As MPhil in Economics offered in a variety of College. Candidates are advised to check if the college of their choice provides an MPhil in Economics degree in their preferred specialization. MPhil is provided in government as well as private colleges in India. Scroll down to have look to some Popular Colleges of MPhil in Economics:

College	Course fees
Delhi University	INR 20,000
Banaras Hindu University	INR 30,000
Jawaharlal Nehru University	INR 16,090
Hindu College, University of Delhi	INR 50,000
TISS - Tata Institute of Social Science	INR 2 L
Amity University, Noida	INR 5L- 12L
Chandigarh University (CU)	INR 75K-2L
Maharishi University of Information	INR 2L

Syllabus of MPhill Economics may vary from colleges to colleges. Here is general overview of syllabus :

Semester	Syllabus
Semester 1	Advanced Economic Theory International Trade and Finance
Semester 2	Welfare Economics Theory of Economic Growth and Technical Progress
Semester 3	Development Economics Public Finance
Semester 4	Agrarian Development Economics and Environment

MPhil  in Economics offers a variety of career paths.  You can go through the career scope, potential profiles, and top recruiters in the field and average Salary offered by them:

Job Profile	Details	Salary
Business Analyst	A business analyst is a professional who analyzes a company's systems, processes, and products to help improve its business operations.	INR 4-18 LPA
Investment Banker	An investment banker is a financial expert who helps clients raise capital and grow their businesses.	INR 6- 24 LPA
Financial Analyst	Financial analysts work in banks, pension funds, insurance companies, and other businesses. Financial analysts guide businesses and individuals in decisions about expending money to attain profit..	INR 4-11 LPA
Data Analyst	A data analyst is a professional who collects, processes, and analyzes data to help businesses make informed decisions.	INR 5-12 LPA
Auditor	An auditor is a person authorized to review and verify the accuracy of financial records and ensure that companies comply with tax laws.	INR 5-9 LPA
Stock Broker	A stockbroker is an individual or company that helps people and businesses buy and sell stocks and other securities.	INR 5- 12 LPA

Top Recruiters after MPhil in Economics 

Top Recruiters
NITI Aayog	Kotak Securities
Bank of Baroda	HDFC Bank
Alice Blue	Paytm Money
Deloitte Consulting Services	Axis Bank