M.Phil in Economics Courses: Eligibility, Admission 2025, Fees, Entrance Exams 2025, Syllabus, Top Colleges, Career Scope: Job Profiles and Salary
M.Phil Economics courses are a postgraduate degree. The M.Phil Economics course duration is 1 year. The MA Economics full form is Master of Philosophy in Economics. Economics is the study of how society uses its finite resources. It is the study of patterns in this production and consumption to make predictions and assumptions about future trends and practices.
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 to attain a deeper knowledge of economic theory and its practical applications, preparing them for both academic and professional careers.
The eligibility criteria to pursue an M.Phil Economics degree is completion of postgraduation. Most colleges require students to complete their MA Economics course to be eligible for the M.Phil Economics degree, but some other colleges allow students from all academic backgrounds. Students must have completed their undergraduate (BA Economics) and postgraduate degree in Economics, or a related field, from a recognized college with at least a 45-50% aggregate score.
Recently, the University Grants Commission (UGC) of India announced in 2022 that the MPhil degree is no longer valid, discontinuing it as part of the National Education Policy (NEP) 2020
Despite the discontinuation of M.Phil courses by the UGC, some private colleges continue to offer M.Phil Economics courses. However, the degree will no longer be recognized in India.
- M.Phil Economics Courses: Highlights
- M.Phil Economics Courses: Admission 2025
- 2.1 M.Phil Economics Courses: Eligibility Criteria
- Types of M.Phil Economics Courses
- M.Phil Economics Courses: Syllabus
- Top MPhil in Economics Colleges
- M.Phil Economics Courses: Career Scope: Job Profiles, Salary and Top Recruiters
- 6.1 M.Phil Economics Courses: Job Profiles and Salary
- 6.2 M.Phil Economics Courses: Top Recruiters
- M.Phil Economics Courses: FAQs 2025
M.Phil Economics Courses: Highlights
Students interested in pursuing an M.Phil Economics course can take a look at the details in the table below:
| Particulars |
Details |
|---|---|
| Course Name |
M.Phil Economics Course |
| M.Phil Economics Courses Duration |
1 Year |
| M.Phil Economics Courses Eligibility |
Candidate should have completed their PG in Economics, from a recognized board and secured a minimum of 45% |
| M.Phil Economics Entrance Exams |
Merit |
| M.Phil Economics Courses Top Colleges |
Banasthali Vidyapith, Himachal Pradesh University, University of Madras, Rabindranath Tagore University, etc. |
| M.Phil Economics Courses Fees |
INR 30,000-INR 80,000 |
| M.Phil Economics Courses Top Job Profiles |
Teacher, Financial Analyst, Investment Banker, Policy Analyst, Business Strategist, etc. |
| M.Phil Economics Courses Top Recruiters |
KPMG, The Economist, World Bank, IMF, CRISIL |
| M.Phil Economics Courses Average Salary |
INR 8 LPA to INR 15 LPA |
Note: The details mentioned above may vary depending on colleges and the latest updates.
Recently, the University Grants Commission (UGC) of India announced in 2022 that the MPhil degree is no longer valid, discontinuing it as part of the National Education Policy (NEP) 2020
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Q: What is MPhil Economics courses?
Q: What is the MPhil Economics course duration?
The M.Phil Economics course duration used to be 2 years. Since the MPhil Economics course has been discontinued, the new batches of students can directly pursue a PhD degree after a 4-year degree (3+1 year of research) if they graduate with at least 75% marks and clear UGC NET.
Q: What are the benefits of studying MPhil?
The MPhil Programme has long been considered a stepping stone between master's and PhD programmes. The course assists the candidates in developing a comprehensive approach to teaching the mind of the students about the complexities of research, as well as research knowledge and skills that would be helpful in pursuing a full-scale PhD programme. MPhil programme offers job security and high pay to the graduates and they can start earning salary between INR 5 to 10 lakh.
Research is a major component of MPhil programmes, offering chances to hone advanced research abilities. You'll gain information on how to plan and carry out independent research, evaluate data, and add to the corpus of knowledge already known in your profession.
M.Phil Economics Courses: Admission 2025
Admission to M.Phil Economics courses will differ from college to college but here is a general overview of the steps that a student will have to follow to get admitted to M.Phil Economics courses:
- Eligibility: Complete postgraduation from a recognized institute, with at least a 50% aggregate. Check other eligibility and make sure you meet the minimum eligibility criteria.
- Entrance Exams (if required): Appear for national/state-level entrance exams for M.Phil Economics courses.
- Application: Submit applications to M.Phil Economics colleges/universities with required documents.
- Counseling: Participate in counseling based on entrance exam scores or merit.
- Admission: Complete the admission process by paying fees and verifying documents.
Note: The admission process may vary from university to university.
Recently, the University Grants Commission (UGC) of India announced in 2022 that the MPhil degree is no longer valid, discontinuing it as part of the National Education Policy (NEP) 2020
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M.Phil Economics Courses: Eligibility Criteria
The eligibility criteria to pursue M.Phil Economics courses depends on the institute at which they are being pursued. Most institutes offer admission to M.Phil Economics courses based on merit, but some colleges admit students through entrance exams.
Colleges might have their own parameters for admitting students. All aspiring candidates are advised to visit the official websites of the colleges they wish to apply to and check their eligibility before they fill out the application forms.
| M.Phil Economics Course Eligibility Criteria |
Details |
|---|---|
| Academic Qualifications for the M.Phil Economics Course |
The candidates should have completed a bachelor’s and master's degree in Economics, or preferably, in a related course, though many colleges allow students from all disciplines to pursue an M.Phil in Economics if they studied Maths in their UG or PG degree. |
| Marks Criteria for M.Phil Economics Course |
The candidates should have secured at least 50% marks in postgraduation. |
| Appearing or Passed Criteria for the M.Phil Economics Course |
|
| Age Limit for M.Phil Economics Course |
There is no prescribed age limit for M.Phil Economics courses. |
Note: This information is sourced from the official website and may vary.
Students Also Read:
Q: Can I pursue MPhil Economics courses in 2025?
Hello!
The M.Phil degree is no longer valid after the University Grants Commission (UGC) of India declared it as discontinued. Students can no longer obtain an M.Phil degree from any government colleges as it is not recognized. However, some private colleges and institutes continue to offer it, and students still pursue M.Phil despite the orders and warnings from UGC.
Q: What is the eligibility for MPhil Economics courses?
Before it was discontinued, the eligibility criteria to pursue an M.Phil course required students to complete their postgraduate degree in Economics (MA or MSc Economics) with at least 45-50% marks. The MPhil degree allowed students to explore research in Economics and develop skills that would help them in completing a PhD.
Q: Can I pursue MPhil without MA?
No, you should have completed a master's degree before pursuing MPhil. As per the eligibility criteria in Indian colleges you should have completed postrgraduate course with at least 45%-50% marks. If you are interested in research field and you have completed a 4 year bachelor's degree then you can pursue PhD directly after graduation.
Types of M.Phil Economics Courses
M.Phil Economics courses are available in various modes of education. Students can choose the mode based on their accessibility and preferences. Here are some types of M.Phil Economics courses classified based on their mode of education, along with a brief description:
| Types of M.Phil Economics Courses |
M.Phil Economics Course Details |
|---|---|
| Full-Time M.Phil Economics Courses |
Regular or full-time M.Phil Economics courses are among the most popular options opted by students. Students attend the lectures and seminars in the college premises. It aids students in their holistic development. There is a lot of scope for extracurricular activities at the college or inter-college level. |
| Distance M.Phil Economics Courses |
The students do not attend regular college in the Distance mode of M.Phil Economics courses. They receive study materials and get access to the student portal. They would only have to appear in person for seminars and final examinations. |
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Q: Can MPhil be pursued in distance mode?
Yes, MPhil can be pursued in distance learning mode as well. The MPhil programme lasts two years on average, but can be extended to one more year with payment of a penalty amount. Candidates, who are female and have a disability of at least 40%, are also given a one-year grace period to finish their degrees.
The course fees ranges from INR 7500 to INR 15,000 To complete the admissions process, students must successfully finish each university's unique entrance examination. In some circumstances, during the admissions process, work experience certifications must also be submitted.
M.Phil Economics Courses: Syllabus
The curriculum of an M.Phil Economics degree is vast and well-structured to include texts from different eras. The general M.Phil Economics course syllabus has been mentioned below:
| M.Phil Economics Course Subjects |
|
|---|---|
| Methods of Economic Analysis |
Statistical and Econometric Methods |
| Advanced Economic Theory |
International Trade and Finance |
| Economics of Planning |
Welfare Economics |
| Theory of Economic Growth and Technical Progress |
Development Economics |
| Public Finance |
Agrarian Development |
| Economic History |
Economics of Education and Development |
| Economics of Energy |
Economics of Environment |
Note: The syllabus has been taken from sources across the web, and may vary for different institutions.
Recently, the University Grants Commission (UGC) of India announced in 2022 that the MPhil degree is no longer valid, discontinuing it as part of the National Education Policy (NEP) 2020
Related Articles:
Q: What are the major topics covered in the MPhil Economics course syllabus?
The MPhil Economics degree was primarily a research-based degree that helped students prepare for a PhD in Economics. The major subjects around which students would learn and conduct research were:
M.Phil in Economics Subjects | |
|---|---|
Foreign Trade, Trade Policies of India | Fiscal Policy and Fiscal Reforms |
Game-Theoretic Models | Indian Financial System |
Tax Reforms | Immigration |
Inequality and Poverty | Green Economics |
Q: Is the MPhil Economics course syllabus tough?
The MPhil Economics degree is a relatively difficult degree. Economics is a challenging subject in the social sciences as it requires strong analytical skills and complex mathematical tools to compile, study, and interpret data and apply it to the real world. The MPhil Economics course is a transitional degree that gives students an opportunity to conduct research under the supervision of their professors and hone skills that will help them conduct independent research.
Top MPhil in Economics Colleges
M.Phil Economics Courses: Top Colleges
M.Phil Economics courses can be pursued by both the government and private colleges. M.Phil Economics courses are available in different modes, all over India. Candidates can choose an M.Phil Economics course in college according to their suitability and convenience.
Here is an alphabetically ordered list of some of the top colleges for M.Phil Economics courses:
| M.Phil Economics Course Colleges |
Average Fees |
|---|---|
| INR 48,000 |
|
| INR 54,250 |
|
| INR 60,000 |
Note: The fees have been taken from the official website and may change.
Recently, the University Grants Commission (UGC) of India announced in 2022 that the MPhil degree is no longer valid, discontinuing it as part of the National Education Policy (NEP) 2020
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Q: Can I study the MPhil Economics course from IGNOU?
IGNOU no longer offers an MPhil in Economics degree or an MPhil in any other specialization, as it has been declared invalid by the UGC in 2020. Students can now directly pursue a PhD after they complete their postgraduate degree. Students who wish to continue their education in Economics, after their PG but are hesitant to take up a PhD programme can also go for PG Diploma programmes, as they have a shorter course duration of 6 months to 1 year.
Popular Private MPhil Economics Colleges in India
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Humanities & Social Sciences Applications open. Apply Now
Humanities & Social Sciences Applications open. Apply Now
Humanities & Social Sciences Applications open. Apply Now
Humanities & Social Sciences Applications open. Apply Now
M.Phil Economics Courses: Career Scope: Job Profiles, Salary and Top Recruiters
M.Phil Economics course graduates have an exceptionally wide range of professional options because of the flexible skill set that is cultivated through M.Phil Economics courses. Some students choose a more conventional career in fields like research or academics, but students also find success in a variety of other sectors that value analytical ability, communication skills, and critical thinking.
M.Phil Economics Courses: Job Profiles and Salary
M.Phil Economics course graduates are welcomed by the government, private, and business sectors, which value their capacity for problem-solving and place them in positions that have been mentioned below:
| Job Profiles |
Description |
Average 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 |
Note: The salaries given above have been taken from ambitionbox.com and may vary depending on the companies offering the jobs.
M.Phil Economics Courses: Top Recruiters
M.Phil Economics course graduates can explore career options in various sectors such as the government sector, media and publishing houses, corporations, and community service organizations.
Here are some of the top companies after M.Phil Economics courses that recruit graduates in various job profiles:
| M.Phil Economics Courses Top Recruiters |
||
|---|---|---|
| Bain & Company |
Boston Consulting Services |
Deloitte Consulting Services |
| McKinsey & Company |
Tata Consultancy Services |
KPMG |
| EY-Parthenon |
Accenture |
Insight Sourcing Group |
Recently, the University Grants Commission (UGC) of India announced in 2022 that the MPhil degree is no longer valid, discontinuing it as part of the National Education Policy (NEP) 2020
Read More:
Q: Can I become an Economics teacher with an M.Phil Economics degree?
Hi,
Yes! You are eligible to pursue a career as an Economics teacher if you have completed an M.Phil Economics degree. Though you should consider also pursuing a B.Ed. It will help you increase your chances of securing a job in a school, as most schools prefer to hire teachers with a B.Ed. If you want to become a government school teacher, you will also have to clear the TET examination, which is conducted annually and is used for hiring teachers in government schools across India.
M.Phil Economics Courses: FAQs 2025
Here are some M.Phil Economics course FAQs:
Q: What are the documents required for MPhil Economics course admission?
Students who wish to take up an MPhil Economics course can still pursue it through private institutes where it is still available. The documents that are required for admission to any university for a postgraduate degree like M.Phil include:
- Class X, XII Mark Sheet
- Graduation, Post-Graduation Degree
- Photo ID Proof (like: Aadhaar Card, PAN Card, Passport, etc.)
- Candidate's Photograph
- Candidate's Signature
- Caste Certificate (if the candidate applies for SC/ST/OBC/EWS/PwD reservation)
Popular MPhil Economics Specializations
Popular Specializations
- English
2 Colleges
Course Cutoffs
4
| College | 2022 |
|---|---|
| University of Mysore | 79.13 |
News & Updates
Student Forum
Anything you would want to ask experts?Answered 2 days ago
The following listing presents top M.Phil-Ph.D integrated programme institutions in India. The M.Phil-Ph.D programme at Tata Institute of Social Sciences (TISS) spans over 5 years for several fields of study while students pay INR 20,000-50,000 annually. Jawaharlal Nehru University (JNU) runs an M.P
K
Contributor-Level 7
Answered a week ago
Hello!
The M.Phil degree was declared invalid after the announcement by UGC in 2020. However, students who wish to pursue an M.Phil in Clinical Psychology and an M.Phil in Psychiatric Social Work programs still have the opportunity to pursue it till the academic year of 2025-26. The UGC has declared
M
Contributor-Level 10
Answered a week ago
Yes! You are eligible to pursue a career as a teacher if you have completed an M.Phil degree. However, you should also consider pursuing a B.Ed. It will help you increase your chances of securing a job in a school, as most schools prefer to hire teachers with a B.Ed. If you want to become a governme
M
Contributor-Level 10
Answered a week ago
Hello,
IGNOU no longer offers an MPhil degree or specialization, as it has been declared invalid by the UGC in 2020. Master's graduates are now eligible to directly pursue a PhD after they complete their postgraduate degree. Students who wish to continue their education after their PG but are relucta
M
Contributor-Level 10
Answered a week ago
The MPhil degree is comparatively tough. It is a challenging, transitional degree that allows students to conduct research under the supervision of their professors and hone skills that will help them conduct independent research. Since students are required to conduct research, write a thesis, and
M
Contributor-Level 10
Answered a week ago
Hi!
Students who wish to take up an MPhil course can still pursue it through private institutes where it is still available. For admission to any university for an advanced postgraduate degree like an M.Phil, students are generally asked to submit documents like:
- Class X, XII Mark Sheet
- Graduation, Pos
M
Contributor-Level 10
Answered a week ago
Before it was discontinued, the eligibility criteria to pursue an M.Phil course required students to complete their postgraduate degree with at least 45–50% marks. The MPhil degree allowed students to explore research and develop skills that would help them in completing a PhD.
M
Contributor-Level 10
Answered a week ago
The M.Phil degree is now invalid after the University Grants Commission (UGC) of India declared it as discontinued. Students cannot pursue an M.Phil degree from government colleges as it is no longer recognized.
Only the students who wish to pursue an M.Phil in Clinical Psychology and M.Phil Psychia
M
Contributor-Level 10
Answered a week ago
An M.Phil course is an advanced, higher-level master's research degree that is pursued by students after completing their postgraduate degree. It is a bridge course between a Masters programme and a PhD that allowed students to pursue supervised research projects to help prepare for a PhD. An M.Phi
M
Contributor-Level 10
Answered a week ago
The M.Phil course duration used to be 2 years. Since the MPhil course has been discontinued, students can now directly pursue a PhD degree after they have completed a 4-year UG degree (3+1 year of research) if they graduate with at least 75% marks and are able to clear the UGC NET exam.
M
Contributor-Level 10
Answered a week ago
Hi,
Yes! You are eligible to pursue a career as an Economics teacher if you have completed an M.Phil Economics degree. Though you should consider also pursuing a B.Ed. It will help you increase your chances of securing a job in a school, as most schools prefer to hire teachers with a B.Ed. If you wa
M
Contributor-Level 10
Answered a week ago
IGNOU no longer offers an MPhil in Economics degree or an MPhil in any other specialization, as it has been declared invalid by the UGC in 2020. Students can now directly pursue a PhD after they complete their postgraduate degree. Students who wish to continue their education in Economics, after the
M
Contributor-Level 10
Answered a week ago
The MPhil Economics degree is a relatively difficult degree. Economics is a challenging subject in the social sciences as it requires strong analytical skills and complex mathematical tools to compile, study, and interpret data and apply it to the real world. The MPhil Economics course is a transiti
M
Contributor-Level 10
Answered a week ago
The MPhil Economics degree was primarily a research-based degree that helped students prepare for a PhD in Economics. The major subjects around which students would learn and conduct research were:
M.Phil in Economics Subjects | |
|---|---|
Foreign Trade, Trade Policies of India | Fiscal Policy and Fiscal Reforms |
Game-Theoretic Models | Indian Financial System |
Tax Reforms | Immigration |
Inequality and Poverty | Green Economics |
M
Contributor-Level 10
Answered a week ago
Students who wish to take up an MPhil Economics course can still pursue it through private institutes where it is still available. The documents that are required for admission to any university for a postgraduate degree like M.Phil include:
- Class X, XII Mark Sheet
- Graduation, Post-Graduation Degree
- Ph
M
Contributor-Level 10
Answered a week ago
Before it was discontinued, the eligibility criteria to pursue an M.Phil course required students to complete their postgraduate degree in Economics (MA or MSc Economics) with at least 45-50% marks. The MPhil degree allowed students to explore research in Economics and develop skills that would help
M
Contributor-Level 10
Answered a week ago
Hello!
The M.Phil degree is no longer valid after the University Grants Commission (UGC) of India declared it as discontinued. Students can no longer obtain an M.Phil degree from any government colleges as it is not recognized. However, some private colleges and institutes continue to offer it, and s
M
Contributor-Level 10
Answered a week ago
The M.Phil Economics course duration used to be 2 years. Since the MPhil Economics course has been discontinued, the new batches of students can directly pursue a PhD degree after a 4-year degree (3+1 year of research) if they graduate with at least 75% marks and clear UGC NET.
M
Contributor-Level 10
Answered 2 weeks ago
To pursue an M.Phil, the interested candidate must fulfil the following criteria:
- Must have a master's degree in the relevant field.
- 55% marks or equivalent in postgraduation
- There is no age restrictions to pursue this course
Other than that, the interested candidates must visit the official website of
Guide-Level 14
Answered a month ago
International students can pursue either MSc or MPhill at Oxford University. The university offers both the courses in multiple specializations at an affordable cost. Oxford MSc is a one-year programme while the Oxford MPhil takes two years. The table below includes the comparison between Oxford MSc
Contributor-Level 10
Answered 2 months ago
To get the most accurate and up-to-date information about the M.Phil. in GIS and Remote Sensing Application programme at North Bengal University, I recommend visiting the official website of the university or the specific department offering the course.
However, based on the information available onl
S
Contributor-Level 6
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An MPhil Economics course is an advanced masters-level research degree that is pursued by students after completing a postgraduate degree. Though it has been discontinued by UGC under the NEP 2020, it was a bridge course between a Masters in Economics programme and a PhD in Economics that allowed students to pursue research projects to help prepare for a PhD.