MPhil Economics
Khushi SoniContent Writer
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
- 1.1 Why Pursue Mphil in Economics?
- Eligibility Criteria of MPhil in Economics
- 2.1 Popular Entrance Exam
- Types of MPhil in Economics
- Top MPhil in Economics Colleges
- Syllabus and Popular Specialization : MPhil in Economics
- Job Profile , Salary and Top Recruiters
- 6.1 Top Recruiters after MPhil in Economics
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.
Eligibility Criteria of MPhil in Economics
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 |
April, 2025 |
||
July, 2025 |
Types of MPhil in Economics
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. |
Top MPhil in Economics Colleges
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 |
---|---|
INR 20,000 |
|
INR 30,000 |
|
INR 16,090 |
|
INR 50,000 |
|
INR 2 L |
|
INR 5L- 12L |
|
INR 75K-2L |
|
INR 2L |
Humanities & Social Sciences Applications open till Oct 14, 2024. Apply Now
Popular Private MPhil Economics Colleges in India
Humanities & Social Sciences Applications open. Apply Now
Humanities & Social Sciences Applications open. Apply Now
Humanities & Social Sciences Applications open. Apply Now
Syllabus and Popular Specialization : MPhil in Economics
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 |
Semester 4 |
Agrarian Development Economics and Environment |
Popular Specializations
- English
2 Colleges
Job Profile , Salary and Top Recruiters
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 |
News & Updates
Student Forum
Answered 4 weeks ago
To get admission to M.Phil courses at Tamil Nadu Open University isYou should need to have master degree (MA, M.Sc, M.Com etc.)You need to get minimum 55% for admissionChoose specializations and fill admission formYou need to write admission test or entrance test to take admission If you qualify in
R
Contributor-Level 9
Answered 4 weeks ago
Master of Philosophy and Master of Arts in Philosophy are two different courses. As you may already know Master of Philosophy is known as M Phil. You can pursue MPhil course after completing a post graduate course. Now this course has been discontinued.
Master of Arts in Philosophy which is also kno
K
Contributor-Level 10
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