Master of Arts in Economics is a two-year program aimed at giving the audience deeper understanding of theories, concepts, and policies in the context of economics. It introduces the subject matter of economics including micro and macro, international trade, public finance, and econometric. By the end of this course, students will be able to analyze data, understand economic issues faced by nations, industries, and individuals. They will also be introduced to research methods and will also develop the skills and capability to analyze and implement economic information in practical situations.

Here students are introduced to a number of themes in economics both theoretical and applied. Seminars, cases, research, and internships are the major forms of learning in the curriculum so that the students have practical experience in economic analysis and problem solving.  

Students in the Master of Arts in History focus on:

• Microeconomic Theory
• Macroeconomic Theory
• Public Finance
• Econometrics
• International Economics
• Development Economics
• Monetary Economics
• Agricultural Economics
• Labor Economics
• Industrial Economics
• Environmental Economics
• Financial Economics
• Economic Growth and Development.
• Economic Policy and Planning
• Methods for Research in Economics
• History of Economic Thought

The program is usually under the Faculty of Social Sciences and prepares students for advanced study in specific concentration areas of economics or in the business world, government or international organizations.

Job Profiles and Salaries  

Here are some common job profiles for MA (Economics) graduates, along with their average salaries:  

• Economist

An economist uses facts to make forecasts, to perform research in the economy, and for policy formulation. Economists are employed by the government or in research organizations and firms.  

 Salary: ₹6 – ₹12 lakhs per annum  

• Economic Analyst 

Economic analysts work with the collection of economic data and its analysis, write reports and give comments on the existing economic policies and tendencies on the market.  

 Salary: ₹4 – ₹8 lakhs per annum  

• Public Policy Analyst 

This involves conducting policy research and policy formulation in areas of interest to the public including; health, education and social security.  

 Salary: ₹5 – ₹10 lakhs per annum  

• Financial Analyst

A financial analyst is one who analyzes various financial information so as to help companies or investors in their decision making process.  

Salary: ₹4 – ₹8 lakhs per annum  

• Research Associate

The research associates in economics help in the collection, analysis of data and writing of reports on issues within the field of economics.  

 Salary: ₹3 – ₹6 lakhs per annum  

• Market Research Analyst

Market research analysts analyze market conditions, consumers’ behavior and needs to assist various companies in decision making.  

Salary: ₹4 – ₹7 lakhs per annum  

• Investment Banker

They assist clients in money rising through the sale of securities, offering financial advice to companies and acting as middlemen in mergers.  

Salary: ₹7 – ₹15 lakhs per annum  

• Government Economist  

A government economist is involved in policy making, economic projections, and recommending on economic plans to policy makers.  

  Salary: ₹5 – ₹10 lakhs per annum  

• Risk Analyst  

Risk analyst analyzes the risks involved in investment securities, business processes and economical strategies.  

Salary: ₹5 – ₹9 lakhs per annum  

• Data Scientist (Economics)  

An economist working as a data scientist analyzes big economic datasets with the use of analytics and artificial intelligence.

Salary: ₹6 – ₹9 lakhs per annum  

After Completing MA (Economics):  

1. Master’s Degree in Related Fields 

• Master of Business Administration (MBA)  
• Master of Public Administration (MPA)  
• Master of Finance  

2. M.Phil in Economics  

• M.Phil in Economics  
• M.Phil in Development Studies  

3. Ph.D. in Related Fields  

• Ph.D. in Economics  
• Ph.D. in Development Economics  

4. PG Diploma in Related Fields  

• PG Diploma in Financial Management  
• PG Diploma in Data Analytics  
• PG Diploma in Public Policy  

5. Certificate Courses  

• Certificate in Business Economics  
• Certificate in Econometrics  
• Certificate in International Economics  

Top Hiring Organizations  

• Reserve Bank of India (RBI)  
• National Statistical Office  
• Ministry of Finance  
• Planning Commission  
• International Monetary Fund (IMF)  
• World Bank   United Nations (UN)  
• Indian Council for Research on International Economic Relations (ICRIER)  
• Economic Consulting Firms  
• Private Banks and Financial Institutions  
• Indian Economic Service (IES)  
• Multinational Corporations (MNCs)  
• Think Tanks and Research Institutions  
• Educational Institutions and Universities  
• Government and Private Research Organizations  

FAQs: 

Q: What are the job profiles in the Master of Arts in Economics course?  

• Economist  
• Economic Analyst  
• Public Policy Analyst  
• Financial Analyst  
• Research Associate (Economics)  
• Market Research Analyst  
• Investment Banker  
• Risk Analyst  
• Government Economist  
• Data Scientist (Economics)  

Q: Are there any scopes for higher studies after completing the Master of Arts in Economics?  

A: Yes, students can pursue higher studies such as Ph.D. or M.Phil in Economics or related fields, or they can take specialized courses like PG Diplomas in areas such as Finance, Public Policy, or Data Analytics.