Applied Econometrics: Admission 2024, Fees, Syllabus, Entrance Exam, Top Colleges, Career Scope

Updated on Nov 15, 2022 04:43 IST
Jasmine Dang Arora

Jasmine Dang AroraDeputy Manager-Content

Applied Econometrics is a branch of Economics and Mathematics, especially statistics in describing economic systems. The study of Applied Econometrics is the application of statistical methods to economic data in order to provide empirical content to economic relationships. Applied Econometrics uses theoretical econometrics and data for assessing theories, developing econometric models, analyzing the history and forecasting. Students who opt for a course in Applied Econometrics, need to understand the methods, theories and types of models that are used to for observational data.

The topics studied in the course include analysis of matching methods, identification of average, local average and marginal treatment effects using instrumental variables, control experiments, post-estimation diagnostics, binary choice models and binary classification methods and more. The courses are generally complimented with computing exercises using real data in R or Stata.

Students who aim to take up the course, should have knowledge of quantitative research methods or introductory statistics, up to linear regression analysis.

Given below in the table are the list of similar fields available in Applied Econometrics:

Applied Econometrics Similar Fields

Mathematics

Statistics

Economics

Physics

Eligibility Criteria for Applied Econometrics

Given below in the table are list of Applied Econometrics courses:

Course

Duration

Eligibility Criteria

MA in Econometrics

2-Years

The candidate should have passed their Bachelors in Economics with Mathematics/Statistics/Physics/Engineering from a recognised university and should have secured a minimum of 50%.

Diploma in Econometrics

1-Year

The candidate should have done their Class 12 in Science or Commerce from a recognised board and should have secured a minimum of 45%.

PG Diploma in Applied Econometrics

1-Year

The candidate should have done their graduation in BCom or Bachelors in Economics/Mathematics/Statistics/Physics/Engineering from a recognised university and should have secured a minimum of 50%.

Entrance Examinations for Applied Econometrics

The students keen on pursuing their career in this field need to qualify in any of the following examinations. The admission procedure varies from college to college. Some college give admission on the basis of merit, while many others consider the score of the entrance tests mentioned below: 

  • National Eligibility Test (NET)
  • Delhi University entrance test
  • Jawaharlal Nehru University Entrance Exam
  • BHU M.A. entrance exam for Economics
  • Pune University Entrance
  • Madras School of Economics Entrance Exam
  • Mumbai University Entrance Test
  • IGNOU Entrance Test

Admission Process

Chose University/College: The first step is to search for colleges or universities which are offering courses. Check the fees, the seats offered, eligibility criteria which is set for the course.

Apply for Course: Proceed to apply for admission after getting to know the university offering the programme. Fill up the details as required and pay the application fee. The application forms are available for a limited period of time so the candidate is advised to know the details way in advance.

Mode of Admission: Universities and Colleges will either conduct entrance exams for admission or offer admission through merit. For postgraduate courses, the candidate will have to appear for an entrance exam.

Results: Selected and qualified candidates make the merit list. The student has to get the desired rank and percentage, to be eligible for admission.

Counselling: The candidate will have to appear for the counselling session conducted at the university to book their seat, submit their documents and pay the fees to seal admission.

Colleges Offering Applied Econometrics

Given below in the table are the list of colleges offering Econometrics courses:

College

Course

IIT Delhi - Indian Institute of Technology

Certificate Course in Econometrics for Business Decisions

UNOM - University of Madras

MA in Econometrics

SSE Pune - Symbiosis School of Economics

PG Diploma in Quantitative Economics

Andhra University, Visakhapatnam

MA In Econometrics

Arignar Anna Institute of Science and Technology

MA in Econometrics

Assam University, Silchar

MA in Econometrics

Gurukul Institute of Management and Technology

MA in Economics

Osmania University College for Women

MA in Econometrics

SVU - Sri Venkateswara University

MA in Econometrics

Job Profiles after Applied Econometrics

Given below in the table are the list of career opportinities available for Applied Econometrics graduates:

Job Profiles after Applied Econometrics Course

Economist

Global Economist

Quantitative Analyst

Economic Developer

Forecast Analyst

Financial Research Analyst

Teacher

Auditor

Statistician

Computer Programming

Finance

Logistics and Infrastructure

Investment Banking

Software Developer

Top Recruiters for Applied Econometrics

The students can find work in the below-mentioned areas after completing the course in Applied Econometrics:

  • Banks
  • Universities/Colleges
  • Financial Institutes
  • Government offices
  • Private companies
  • Research Centres

FAQs on Applied Econometrics

Q. What are the similar fields related to Applied Econometrics?

A. Similar fields related to Applied Econometrics are Mathematics, Statistics, Economics and Physics.

Q. What are the courses offered in Applied Econometrics?

A. Some of the popular courses offered in Applied Econometrics are MA in Econometrics, Diploma in Econometrics and PG Diploma in Applied Econometrics.

Q. What is the eligibility criteria for MA in Econometrics?

A. To pursue MA in Econometrics candidates need to have passed their Bachelors in Economics with Mathematics/Statistics/Physics/Engineering subject from a recognised university and should have obtained a minimum of 50% marks.

Q. Is econometrics a good course?

A. Yes, econometrics is a good course for students who wish to obtain positions focused on advanced quantitative skills after graduation.

Q. What is the eligibility criteria for Diploma in Econometrics?

A. In order to pursue Diploma in Econometrics candidates need to have passed their 10+2 in Science or Commerce from a recognised board and should have obtained a minimum of 45% marks.

Q. What is the eligibility criteria for PG Diploma in Applied Econometrics?

A. In order to pursue PG Diploma in Applied Econometrics candidate should have passed their graduation in BCom or Bachelors in Economics/Mathematics/Statistics/Physics/Engineering subjects from a recognised university and should have obtained a minimum of 50% marks.

Q. What is the duration of MA in Econometrics?

A. The duration of MA in Econometrics is two years. 

Q. What is the duration of Diploma in Econometrics course?

A. The duration of Diploma in Econometrics course is one year.

Q. What is the duration of PG Diploma in Applied Econometrics course?

A. The duration of PG Diploma in Applied Econometrics course is one year. 

Q. Which are the popular colleges offering Applied Econometrics courses?

A. Some of the popular colleges for Applied Econometrics are IIT Delhi - Indian Institute of Technology, UNOM - University of Madras, SSE Pune - Symbiosis School of Economics, Andhra University, Visakhapatnam, Arignar Anna Institute of Science and Technology, Assam University, Silchar, Gurukul Institute of Management and Technology, Osmania University College for Women, SVU - Sri Venkateswara University and others. 

Q. What are the job options available for Applied Econometrics graduates?

A. Some of the job opportunities available for Applied Econometrics graduates are economist, global economist, quantitative analyst, economic developer, forecast analyst, financial research analyst, teacher, auditor, statistician etc. 

Popular Applied Econometrics Colleges in India

Following are the most popular Applied Econometrics Colleges in India. Learn more about these Applied Econometrics colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
1 Course
8.12 K
1 Course
11.28 K
4.94 LPA
1 Course
20 K
3.51 L
3.0
2.0
1 Course
2.64 K
1.9 LPA

Popular Private Applied Econometrics Colleges in India

1 Course
8.12 K
1 Course
11.28 K
4.94 LPA
1 Course
20 K
3.51 L
3.0
2.0
1 Course
2.64 K
1.9 LPA

Popular Applied Econometrics UG Courses

Following are the most popular Applied Econometrics UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Applied Econometrics PG Courses

Following are the most popular Applied Econometrics PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

Popular Exams

Following are the top exams for Applied Econometrics. Students interested in pursuing a career on Applied Econometrics, generally take these important exams.You can also download the exam guide to get more insights.

Jun '24

CT SET 2024 Counselling Start

TENTATIVE

Jun '24

CT SET 2024 Result

TENTATIVE

21 Sep ' 24

Second Phase of Counselling Begins

20 Sep ' 24

Reporting to Respective Colleges

13 Feb ' 24 - 14 Mar ' 24

YCMOU March 2024 Exam

9 Apr ' 23 - 13 Apr ' 23

YCMOU June application form 2023 submission with ...

18 Oct ' 24

SAT Registration Deadline for November Test

22 Oct ' 24

SAT Deadline for Changes, Regular Cancellation, a...

qna

Student Forum

chatAnything you would want to ask experts?
Write here...