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Ph.D in Economics: Admission 2024, Eligibility, Syllabus, Duration, Fees, Scope

PhD in Economics is a three- to five-year doctoral programme in economics. Candidates must have completed a postgraduate course in Economics or hold a bachelor's degree in Economics from a recognised university to be eligible for the course. The average salary of an Economist in India is Rs. 16.1 LPA.

Highlights: Ph.D in Economics

Eligibility criteria for ph.d economics, admission process for ph.d economics, top ph.d economics entrance exams, cutoff for top colleges, skills required for ph.d economics, syllabus of ph.d economics, fee structure for ph.d in economics, scope for a ph.d in economics, career options after ph.d. in economics, benefits of studying ph.d in economics, salary after ph.d in economics, list of top 10 ph.d economics colleges in india with fees, top private ph.d economics colleges in india with fees, top government ph.d. economics colleges in india with fees.

Economics is primarily concerned with combining cutting-edge economic principles with thorough data analysis in order to solve issues. Some of the popular degrees in Economics before doing a Phd are BA, BE, B.Sc. in Economics, MA, M.com and M.Sc. Some of the popular career options are Professor, Economist, Statistician, and Equity Research Analyst.

The top colleges offering Ph.D Economics courses are IBS Hyderabad, BITS Goa, and IIFT Kolkata. Students aspiring to pursue Ph.D Economics courses must clear the relevant entrance examinations, such as UGC NET, and CSIR UGC NET, depending on their college and specialisation.

Most educational institutions have similar eligibility requirements for a Ph.D. in Economics students who have completed their Master’s degree in Economics are eligible to pursue Ph.D in Economics.Applicants will be evaluated on statistics and maths in the first part. The second half will assess candidates' knowledge of microeconomics, macroeconomics, and econometrics.

• Students must hold a master's degree in Economics (MA Economics) from a recognised institution.
• A master's degree with a minimum of 50 percent marks is required.
• Candidates must pass a written exam and a personal interview, as well as meet the institute's basic standards.

Admission requirements for the PhD in Economics vary by institution. Depending on their admission exam and master's degree results, students are admitted to various colleges. Some universities will accept students based on their entrance exam results while some institutes conduct personal interviews or other tests to screen the applicants.

• Applicants can apply for PhD in Economics admission directly at the university by going there, filling out the admission form, presenting the required documents, and submitting the application form.
• Candidates can also apply by browsing the college's website, filling out the online PhD in Economics degree application, and uploading all required credentials.
• They can also directly apply for exams such as UGC NET or CSIR UGC NET depending on their specialisation and meet the cutoff score.
• Once clearing the exam choosing their institutes students are advised to pay the course fees and submit the required documents as per the requirement of the institute.

UGC NET: University Grants Commission National Eligibility Test popularly known as UGC NET is a national-level entrance examination for many courses related to lectureship and doctorate. The examination is conducted by the National Testing Agency (NTA) twice a year. The exam is conducted in various languages and is conducted in online mode.

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CSIR NET : CSIR UGC Test for JRF and Eligibility for Lectureship or CSIR UGC NET is a national-level entrance examination administered by National Testing Agency (NTA) for admission to various courses in the Lectureship such as Life Sciences, Chemical Sciences, and Mathematical Sciences, the exam is conducted in Online mode in English and Hindi languages.

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A cut-off for a PhD in Economics is a set of criteria used to assess a candidate's eligibility or entrance exam scores. The cutoff for a Ph.D in Economics differs by college and is determined by the number of students who clear the entrance examination, difficulty level of the entrance examination and status and prestige of the institute.

Candidates need certain skills in order to fully benefit from the course, candidates wishing to apply for the Ph.D Economics course need both practical as well as theoretical knowledge to be successful in their academics and future careers in the field of Economics. Listed below are the skills required to pursue Ph.D Economics course:

• Good Communication Skills
• Critical Thinking
• Decision-Making skills
• Interest and Aptitude for Economics

The syllabus of Ph.D Economics include subjects such as Research work in Economics, Database research for Economics, Quantitative Methods and Computer Applications. In the table below we have mentioned the syllabus of Banaras Hindu University for their Ph.D in Economics syllabus.

The fee details of the Ph.D in Economics course can be found on the official website of the institute or students can visit the college personally to get all the necessary details about the course. Fee depends on the type of institute, its location and the course chosen by the institute. Generally the fee for a Ph.D Economics course ranges from Rs. 36,000 to Rs. 1.84 Lakhs.

The Ph.D. in Economics programme is designed to enable students not only to get a basic understanding of domain-specific concepts but also to strengthen their overall interpersonal and teaching abilities. Because of the global economy, Ph.D. in Economics is in increasing demand in India for both academic and employment prospects, and the demand for a well-trained economist is also constantly rising.

Many Indian businesses hire economists with a PhD degree. Academic qualities and abilities determine the work and positions of PhD in Economics graduates. They are hired by various companies and universities for the jobs and profiles listed below. We have listed some of the well-known career options after PhD in Economics degree.

Professor: A professor teaches individuals in a certain field of study at a university or college level. In most cases, a professor is an expert in the topic that he teaches at the university level. Professors who are knowledgeable and experienced in their fields are qualified to conduct research and publish articles in their fields.

Economist : An economist examines resource growth, investment, and distribution in order to bring what they've learned into practice and impact current social dynamics. In today's context, economists must research, analyse, forecast, and assess business and revenue patterns in every industry.

Statistician : Individuals who have studied business and have chosen a career that requires data analysis and analytical skills are known as statisticians. To collect data, statisticians design surveys, trials, and opinion polls. They're in charge of overseeing how many and what kind of groups or samples will be employed in the research or poll.

Equity Research Analyst : In the financial sector, equity research analysts operate for both buy and sell-side firms. They generate industry and stock research reports, estimates, and suggestions. To keep their research up to date, equity research analysts analyse market data and news reports as well as consult with individuals in the firms and industries they research daily.

Top Recruiters:

• Ernst & Young

Students will have the opportunity to focus on the research areas that they are most passionate about. After completing a Ph.D in Economics, students can get a job as a professor in India. Students will get a better insight into how the social environment operates, which will assist them to evaluate problems and solutions.

Students after completing Ph.D in Economics course can apply for various career options, the salary for these courses depends on the location of the company, its status, job profile opted by the candidates, and the skills and experiences of the candidates. The salary after a Ph.D in Economics is mentioned below.

Source: AmbitionBox

Many private and government institutes offer Ph.D in Economics courses in India, the admission to these institutes is based either on entrance examination or direct admission based on merit score. Mentioned below are the top 10 Ph.D Economics colleges in India along with their respective fees.

Ph.D in Economics courses are offered by many private institutes in India, students are advised to check the admission process of these colleges carefully and follow the eligibility criteria. Mentioned below are the top private Ph.D Economics colleges in India with Fees.

Government institutes are slightly cheaper as compared to a private institutes and also offer quality education. Students can check the course and fee details on the official website of the college. In the table below, we have mentioned the top government colleges offering Ph.D. Economics degree programmes along with their respective fees.

Ph.D Economics course teaches the students advanced skills and knowledge in the field of Economics. Economics is a very diverse and broad field including many areas of research. Students pursuing Ph.D in Economics courses learn about various topics which will help them in their careers as academicians or working professionals.

Frequently Asked Question (FAQs)

PhD in Economics is among the most attractive degree programs: if you perform well, you'll have a good chance of securing a high-level research position in academia or government sectors. Academic economics, in particular, is among the best methods to perform and strengthen international economic research.

A PhD is challenging in any discipline, not just economics since it is a research training exercise.

PhD in Economics course prices range from Rs. 36,000 to Rs. 1.84 Lakhs on average, depending on the type of college.

For a PhD in Economics, students must complete a master’s degree in Economics from a recognised university.

The PhD in Economics is a three to five-year-long programme.

Communication skills, Critical thinking, Organising skills, Leadership, Decision-making skills, Patience, Attention to detail, Numerical ability, Active learning are some of the skills required for a PhD in Economics.

Some of the top colleges which offer Ph.D. in Economics degrees are IBS Hyderabad, BITS Goa, JD Patil Sangludkar Mahavidyalaya, Daryapur, SGRR P.G College, Saraswathi Narayanan College, Madurai, Jagat Taran Girls Degree College, Allahabad, Government Arts College Kota, School of Postgraduate Studies Tamil Nadu Agricultural University, Coimbatore.

There are various career options after a PhD in Economics degree. Some of the careers are Professor, Economist, Statistician, Equity Research Analyst.

Deloitte, Google, Boeing, TCS, Cognizant, Ernst & Young, Delhi University, Jamia Millia Islamia University, Jadavpur University, Kolkata, Banaras Hindu University, Varanasi, Jawaharlal Nehru University, Axis Bank, Accenture, Intel, Qualcomm are some of the leading organisations that hire PhD in Economics graduates.

Students who have completed an MA, MSc, MCom, or BTech degree can apply for a PhD programme.

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Doctoral Program

The Ph.D. program is a full time program leading to a Doctoral Degree in Economics.  Students specialize in various fields within Economics by enrolling in field courses and attending field specific lunches and seminars.  Students gain economic breadth by taking additional distribution courses outside of their selected fields of interest.

General requirements

Students  are required to complete 1 quarter of teaching experience. Teaching experience includes teaching assistantships within the Economics department or another department .

University's residency requirement

135 units of full-tuition residency are required for PhD students. After that, a student should have completed all course work and must request Terminal Graduate Registration (TGR) status.

Department degree requirements and student checklist

1. core course requirement.

Required: Core Microeconomics (202-203-204) Core Macroeconomics (210-211-212) Econometrics (270-271-272).  The Business School graduate microeconomics class series may be substituted for the Econ Micro Core.  Students wishing to waive out of any of the first year core, based on previous coverage of at least 90% of the material,  must submit a waiver request to the DGS at least two weeks prior to the start of the quarter.  A separate waiver request must be submitted for each course you are requesting to waive.  The waiver request must include a transcript and a syllabus from the prior course(s) taken.  

2.  Field Requirements

Required:  Two of the Following Fields Chosen as Major Fields (click on link for specific field requirements).  Field sequences must be passed with an overall grade average of B or better.  Individual courses require a letter grade of B- or better to pass unless otherwise noted.

Research fields and field requirements :

• Behavioral & Experimental
• Development Economics
• Econometric Methods with Causal Inference
• Econometrics
• Economic History
• Environmental, Resource and Energy Economics
• Industrial Organization
• International Trade & Finance
• Labor Economics
• Market Design
• Microeconomic Theory
• Macroeconomics
• Political Economy
• Public Economics

3.  Distribution

Required:  Four other graduate-level courses must be completed. One of these must be from the area of economic history (unless that field has already been selected above). These courses must be distributed in such a way that at least two fields not selected above are represented.  Distribution courses must be passed with a grade of B or better.

4.  Field Seminars/Workshops

Required:  Three quarters of two different field seminars or six quarters of the same field seminar from the list below.   

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The Ph.D. Program in the Department of Economics at Harvard is addressed to students of high promise who wish to prepare themselves in teaching and research in academia or for responsible positions in government, research organizations, or business enterprises. Students are expected to devote themselves full-time to their programs of study.

The program prepares students for productive and stimulating careers as economists. Courses and seminars offered by the department foster an intellectually active and stimulating environment. Each week, the department sponsors more than 15 different seminars on such topics as environmental economics, economic growth and development, monetary and fiscal policy, international economics, industrial organization, law and economics, behavioral economics, labor economics, and economic history. Top scholars from both domestic and international communities are often invited speakers at the seminars.  The Harvard community outside of the department functions as a strong and diverse resource. Students in the department are free to pursue research interests with scholars throughout the University. Faculty of the Harvard Law School, Kennedy School of Government, and Harvard Business School, for example, are available to students for consultation, instruction, and research guidance. As a member of the Harvard community, students in the department can register for courses in the various schools and have access to the enormous library resources available through the University. There are over 90 separate library units at Harvard, with the total collections of books and pamphlets numbering over 13 million.  Both the department and the wider University draw some of the brightest students from around the world, which makes for a student body that is culturally diverse and likely unequaled in the range of intellectual interests of its members. These factors combine to add an important dimension to the educational process. Students are able to learn from one another, collaborate on research projects and publications, and form bonds that are not broken by distance once the degree is completed and professional responsibilities lead them in different directions.

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PhD Program

Year after year, our top-ranked PhD program sets the standard for graduate economics training across the country. Graduate students work closely with our world-class faculty to develop their own research and prepare to make impactful contributions to the field.

Our doctoral program enrolls 20-24 full-time students each year and students complete their degree in five to six years. Students undertake core coursework in microeconomic theory, macroeconomics, and econometrics, and are expected to complete two major and two minor fields in economics. Beyond the classroom, doctoral students work in close collaboration with faculty to develop their research capabilities, gaining hands-on experience in both theoretical and empirical projects.

How to apply

Students are admitted to the program once per year for entry in the fall. The online application opens on September 15 and closes on December 15.

Meet our students

Our PhD graduates go on to teach in leading economics departments, business schools, and schools of public policy, or pursue influential careers with organizations and businesses around the world. 

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Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond

Kasey Chatterji-Len and Anna Kovner

Becoming a PhD economist can provide a fulfilling and financially secure career path. However, getting started in the field can be daunting if you don’t know much about the preparation you’ll need and the available job opportunities. If you’re wondering what it means to be an economics researcher or how to become one, please read on. We’ll review how to prepare for a career in economics research, what an economics PhD program entails, and what types of opportunities it might bring. Economic education is a core component of the Federal Reserve Bank of New York’s mission to serve the community. To empower would-be economists, this post provides information for students who seek a career in economics research. We hope this information will be helpful to students interested in economics, regardless of their background and economic situation.  This information is most applicable to students applying to programs in the United States.  

The Breadth of Economics Research  

Academic disciplines conduct research in different ways, so it’s important to have a basic understanding of the types of questions economists ask and how they approach answering them. There are many definitions of economics, but a broadly useful one is the study of how people, organizations, and governments make decisions under different constraints, and how those decisions may affect their outcomes. 

When answering these questions, economists seek to ground their analyses in models and to be quantitatively precise about the effects they assign to any given cause. The range of topics economists can study is wide, but the accepted approaches to answering questions are stricter. Some examples of what economists might ask: 

• How do different public housing programs affect the children who live there? 
• Does a certain type of law encourage businesses to innovate? 
• How will a change in the interest rate affect inflation and unemployment rates? 
• How much does affordable health insurance improve people’s health? 
• How can poor countries eradicate poverty? 

There are many different subfields within economics, including, but not limited to behavioral, econometrics, energy/environmental, development, financial, international, monetary, public, and urban economics. You can familiarize yourself with the latest work in economics by subscribing to working paper series, such as NBER’s New This Week or the New York Fed’s Staff Reports . To get an idea of the breadth of questions economists can answer, you could listen to Stephen Dubner’s “ Freakonomics Radio ” podcast. You may also want to explore the Journal of Economic Perspectives , the New York Fed’s Liberty Street Economics blog, VoxDev , or VoxEU .  

What Is a PhD Program Like?    

Economics PhD programs typically last five to seven years. Unlike masters programs, they are often fully funded with a stipend, though most require students to complete teaching assistant and/or research assistant (RA) work as part of their funding package. In the first two years, students take classes, many of which are mathematically demanding. The rest of the program can include additional classes but is primarily devoted to original research with the aim of producing publishable papers that will constitute the dissertation.  

Faculty advisors are a central part of PhD programs, as students look to them for guidance during the research process. Economics PhD programs are offered within university economics departments, but there are similar programs in public policy and business schools. You can look at their websites to understand any differences in coursework and subsequent job placements. 

What Can You Do with an Economics PhD?  

Upon graduation, students can obtain jobs in a variety of industries. Many PhD students hope to become university professors. Governments and public policy-related institutions such as the Federal Reserve System, the U.S. federal government, the World Bank, and the International Monetary Fund (IMF) also hire economists to work on policy, lead programs, and conduct research. Finally, economics PhD graduates can also find employment at a variety of private sector companies, including banks, economic consulting firms, and big tech companies. The pay for these different positions can vary. According to the American Economics Association (AEA), the average starting salary for economics assistant professors in 2022-23 was approximately $140,000 at PhD granting institutions and $98,000 at BA granting institutions. 

Programs often publish the placements of their PhD graduates, so you can look online to see specific employment outcomes. See, for example, the University of Maryland’s placements . Ultimately, economists are highly regarded as authorities on a variety of topics. Governments, nonprofits, philanthropic foundations, financial institutions, and non-financial businesses all look to economists to answer important questions about how to best achieve their goals. Thus, earning an economics Ph.D. can potentially help you to influence issues that are important to you. 

Preparing for an Economics PhD Program  

There are several components to an economics PhD program application: college transcripts, GRE scores, letters of recommendation, and personal statements. Please download the Appendix linked below to learn more about transcripts and letters of recommendation. The Appendix details ways in which you can select coursework, obtain research experience, and develop relationships to position yourself for success as a PhD applicant.  

If you feel that you are too far along in your academic career to take enough of the classes described in the Appendix, this does not necessarily preclude you from pursuing an economics PhD. For example, it’s possible to take some of these classes through a master’s program, or through a pre-doctoral RA job. Some pre-doctoral RA jobs, such as the one here at the New York Fed , may enable you to take classes in preparation for graduate school. If you are concerned about your transcript, reach out to an economist at your university for advice; program standards for coursework and grades vary, and it’s a good idea to get more personalized advice. 

Research Experience   

If you’re interested in becoming an economics researcher and applying to PhD programs, it’s best to get research experience as soon as possible. Working as an RA is a great way to learn how to conduct research and get a better idea of whether it’s the right career path for you. Additionally, it can help you obtain a letter of recommendation for graduate school applications and improve your qualifications.  

All types of academic research can be enriching, but it’s beneficial to gain experience working directly with an economist. To find a position, you can reach out to professors whose work you find interesting or find an RA program at your school. Typical RA tasks may involve data collection and cleaning, as well as running analyses and creating charts to represent results. This is where coding skills become crucial; having taken math, statistics, and econometrics courses will also enable you to take on more responsibilities. 

You may also have the opportunity to conduct your own research, possibly under the supervision of a professor at your university. This research could be self-initiated or part of a course such as a thesis workshop. Self-directed research is a great opportunity to learn about all stages of the research process. It’s also an excellent opportunity to create a writing sample for graduate school applications. Ultimately, though, your motivation for conducting your own research project should be that you want to answer a question.  One thing economists have in common is a love of answering questions using data and theory. 

Research experience is also often obtained after completing an undergraduate or master’s degree. Taking on a full-time RA position before applying to PhD programs is very common and can make you a more competitive applicant. You may either get an RA job working for a professor or participate in a pre-doctoral RA program.  

Research assistant programs are more structured than positions with individual professors or projects, which could be helpful. Universities, parts of the government, think tanks, research organizations, and the Federal Reserve System are all good places to look for research assistant programs. To help you decide which opportunities are most desirable, you may want to ask potential employers : Where do people in this program tend to go afterward? Will I be working directly with an economist? How much of my time will be spent on academic research work? Will I be able to take classes as part of this program? Considering whether an economist will be able to evaluate your performance is an important factor for recommendation letters. The ability to take classes, either through tuition reimbursement or waivers, can also be an important benefit. 

The Research Analyst program here at the Federal Reserve Bank of New York is one example of these programs and you should check it out here . The Federal Reserve Board of Governors also has a large program, and many other regional Federal Reserve Banks have similar programs. In addition, the PREDOC website and the  NBER post listings of RA opportunities. J-PAL and IPA also tend to recruit RAs for economic development projects. Another source of RA opportunities is the @econ_ra account on X. 

Who Should Get a PhD in Economics?  

A PhD may not be for everyone, but it is for anyone—people of all genders, religions, ethnicities, races, and national origins have PhDs in economics. Many economists majored in economics, but others majored in math, physics, or chemistry. Because economics is such an integral part of policymaking, it is important that economists come from a wide range of backgrounds so policy can be stronger and more effective. The inclusion of differing perspectives helps ensure that the contribution of economists to work in public policy, academia, and beyond effectively serves the broadest range of society. 

• Coursework Appendix

Kasey Chatterji-Len is a research analyst in the Federal Reserve Bank of New York’s Research and Statistics Group.

Anna Kovner  is the director of Financial Stability Policy Research in the Bank’s Research and Statistics Group.

How to cite this post: Kasey Chatterji-Len and Anna Kovner, “Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond,” Federal Reserve Bank of New York Liberty Street Economics , May 31, 2024, https://libertystreeteconomics.newyorkfed.org/2024/05/thinking-of-pursuing-a-phd-in-economics-info-on-graduate-school-and-beyond/.

You may also be interested in: AEA: Resources for Students

PREDOC: Guidance for Undergraduates

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Disclaimer The views expressed in this post are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the author(s).

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PhD in Economics

The department offers a PhD program in seven academic disciplines (Economics, Literature, Linguistics, Philosophy, Policy, Psychology, and Sociology). The PhD program consists of both full time and part-time students.

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Eligibility: M.A./M.Sc (2 years)/M.Com/M.B.A/M.Phil or B.Tech/BE/B.Sc Engg. (4 years) or M.Tech/ME/MS Research (2-3 years)/M.D/ D.M./M.S/M.DS

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MSE invites applications from the eligible candidates for Full time or Part time Ph. D. Program in Economics for the Academic Year 2024-25.

Award of Deg ree : Awarded by the Madras School of Economics under its degree granting power as per MSE Act 2020.

Rules and Regulatio ns : The guidelines and rules for full-time and part-time PhD program are available in Ordinance 3 (in MSE website)

Faculty and Ph.D. Scholar Profiles: Please visit the profiles of faculty members: https://www.mse.ac.in/faculty/ ; PhD Research Scholars: https://www.mse.ac.in/mse-students/ and PhD Alumni: https://www.mse.ac.in/phd/

Eligibility for Full time or Part time Ph.D. Program :

(i) M.A/M.Sc or M.Phil Degree in Economics, Finance from UGC/AICTE/approved institutions including institutions of national and state importance.

(ii) At least 55% marks in aggregate (or equivalent grade to percentage) at Master’s degree; A relaxation of 5% of marks (i.e., 55% to 50%, or equivalent grade) may be allowed for SC/ST/MBC/OBC/Differently-Abled candidates.

(iii) Applicants with valid qualifying tests scores in any one of the following tests is preferred:

UGC-JRF; UGC-NET; GATE-Economics; State level SET in Economics; Any other test approved by Nation Testing Agency for PhD admissions in Economics to an Indian University/Institution.

(iv)   Those who do not have any of these test scores should write entrance test conducted by MSE a day before the interview.

(v)  Part-time candidate should provide employment letter and no objection letter from the employer when the selection results of the candidates are announced. The format for NOC shall be shared by MSE at the time of announcement of the results.

Research Areas : Preference will be given to candidates interested in research areas of Development Economics, Environmental Economics, Public Economics, Macro, Industrial Organization, International Trade, Corporate Finance, Financial Markets, Behavioural Finance, Asset Pricing.

Research Fellowship :  Meritorious candidates (excluding those with UGC JRF) in the Economics program may be considered for Dr. Devaki Muthiah & Dr. A.C. Muthiah Research Scholarship and MSE Institutional fellowship for a period of three years (extendable to maximum of one more year based on performance) from the date of joining.

How to Apply: Eligible candidates can submit an online application form with basic details and upload a few supporting documents in digital form. The list of documents is given in the application form.

Admission Procedures:

(i) The applicants will submit an online application form with basic details and upload a few supporting documents in digital (scanned) form which should be attested either by a gazetted officer or a notary public. The list of documents is in the application form.

(ii)  On that basis, only shortlisted applicants will be called for the admission test.

(iii) The candidate shall be considered eligible for shortlisting if they have (a) minimum of 55% (50% for SC/ST) in the last qualifying degree and (b) who have entrance exam score from any of these JRF/NET/SET/GATE/CAT/any NTA conducted PhD entrance test score. In the absence of a national/state level entrance test score the candidate shall appear for a written test conducted at MSE. The shortlisted candidates based on ranking in (b) shall appear for an interview and the final ranking will be on the interview scores with a minimum of 50%.

Note: Decision of the selection committee will be final and candidates will be selected as per supervisor availability in the area of their research interest. All supporting documents will be verified with the originals at the time of joining and in case of is any discrepancy, the admission shall be cancelled.

Written Test and Interview Procedure:

(i) The written test for those applicants without any prior test score will be for a maximum duration of 45 minutes and candidates must answer two questions of 15 marks each.

(ii) Candidates will have to answer one question from Section A and one question from Section B. There will be four questions in each section to choose from.

(iii) Section A on Quantitative Methods will include topics in Mathematical Methods, Operations Research, Statistics and Econometrics. Section B on Economics will include topics listed in the UGC-NET syllabus with emphasis on Microeconomics, Macroeconomics and topics on Indian Economy.

(iv) The personal interview will cover topics listed in the written test and also on the research interest mentioned in the statement of purpose.

(v) Personal interview will be conducted by a panel of faculty from MSE. The interview will online for all candidates  except  for those candidates who will appear for the written test at MSE and hence will have in person interview.

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Admission to the Ph.D. program in the Department of Economic Sciences takes place in the beginning of an academic year. The minimum qualification to appear in the admission exam includes at least 55% marks (or a CPI of 5.5 on a 10-point scale) in the Master's degree in Economics or any allied field (e.g. Mathematics, Statistics). In addition, the candidate should clear a national level test (UGC-JRF/NET/GATE) in the last five years. Note it is also required that the candidate should have Mathematics as a subject in undergraduate degree. Detailed eligibility criteria are available here  .

Students who fulfill the above mentioned criteria are shortlisted for admission test. Final selection is based on a candidate’s cumulative performance in the written examination and an interview conducted following the admission test (timing: May every year year). If a candidate misses out on the regular application deadline, we have provision of walk-in admission test, provided the candidate is excellent as judged by the department. Such a walk-in is typically conducted in the first week of July. PhD registration is scheduled in the last week of July. The syllabus for the admission test and sample test papers can be downloaded from the links given below.

For PhD students the corresponding financial support amounts to Rs.31,000/- for the first two years, and thereafter, it is raised to Rs.35,000/- for another three years. All students are provided hostel accommodation, computing and health facilities.

The advantages of doing a Ph.D. in the Department of Economic Sciences at IITK are manifold. (1) The students receive financial support for attending and presenting their research in two national and one international conference. (2) Online access to major economics journals including JSTOR & Science Direct as well as access to ASI, NSS, CMIE & many other databases are provided to all students. (3) There is financial support for Ph.D. research related fieldwork. (4) Students get to use the Economics core lab equipped with 50 terminals loaded with statistical softwares. (5) There is a monetary reward of Rs 10,000 for a student who publishes his/her research paper in a reputed journal. (6) Students while working with the faculty supervisors may get a chance to be part of an exciting collaboration with international researchers.

Important Information for Applicants

• List of Shortlisted Candidates for PhD New
• The online application portal can be found here: https://www.iitk.ac.in/doaa/pgadmission/apply-online2024-25I.php
• The last date to apply has passed. The list of shortlisted candidates will be posted soon.
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BITS Pilani is a Deemed to be University, offering on-campus programs to more than 18,500 students across its campuses in Pilani, Goa, Hyderabad, Mumbai and Dubai.It has been recognized as an Institute of Eminence by the Ministry of Education, Government of India in 2020.

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Having pioneered several curricular and pedagogic attributes, BITS Pilani has a vision to be amongst the top research-led Institutes in the country. The qualities of innovation, enterprise, commitment to excellence, adherence to merit, and transparency, have characterized the Institute during its inexorable march to eminence.

The Institute has secured over Rs 398 crores as external research funding in the last 5 years. State of the art facilities have been developed to support cutting edge research, led by students and about 930 faculty members, leading to a Scopus h-index of 156, with 221 patents filed so far, and 41 patents granted. Currently, there are 14 BITSian Unicorns and 1 Decacorn. There are over 7500 BITSian founders and co-founders of enterprises.

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List of Candidates shortlisted for Ph.D. Admission Test and/or Interview is now available.

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ME / MTech / MPharm / MBA / MPhil (minimum of 60% aggregate)* MSc/BE/BPharm or an equivalent degree (minimum of 60% aggregate)* For admission into Humanities and Social Sciences, MA degree (minimum of 55% aggregate)* For part-time applicants, a minimum of one-year experience in the related field of study is required

[*In the Qualifying Degree examination]

In addition, Departments may set specific admission criteria for shortlisting. Meeting the minimum eligibility qualifications does not guarantee admission into the PhD program. Shortlisted candidates will have to appear for an admission test, which may comprise a written exam and/or interview. Information on specific Departments and related research activities is available on the Department homepage of respective campuses.

Full-time students

Preferably individuals who would like to pursue PhD in-house, residing on campus.

Part-time students

Preferably individuals who are working in organizations providing basic facilities and an environment for research.

Financial Assistance

Full-time PhD students admitted into the PhD program are eligible to be considered for an Institute fellowship of Rs. 34,000 or Rs. 37,000 per month in the first year based on their qualifications at the time of admission. Students admitted with M.E./M.Tech./M.Pharm./MBA/M.Phil. or an equivalent Degree are eligible to receive an Institute fellowship of Rs. 37,000/-. Students admitted with M.Sc./B.E./B.Pharm. or an equivalent degree are eligible to receive an Institute fellowship of Rs. 34,000/-. These students on successful completion of coursework will receive Rs. 37,000/- from the Semester following the one in which the course work was completed Higher fellowship may be made available in subsequent years. Consideration for Institute fellowship will be as per Institute norms. It will be obligatory on the part of every admitted full time student to undertake 8 hours (per week) of work as assigned to him/her by the institute.

Important Dates

The Institute reserves the right to change the above deadlines. Candidates will be informed in advance should there be such a change.

Department Brochures

Pilani campus – biological sciences, pilani campus – chemistry, pilani campus – chemical engineering, pilani campus – civil engineering, pilani campus – electrical & electronics engineering, pilani campus – humanities and social sciences, pilani campus – physics, pilani campus – mechanical engineering, goa campus – biological sciences, goa campus – chemistry, goa campus – computer sciences, goa campus – electrical & electronics engineering, goa campus – humanities and social sciences, goa campus – mathematics, goa campus – mechanical engineering, hyderabad campus – biological sciences, hyderabad campus – chemical engineering, hyderabad campus – chemistry, hyderabad campus – civil engineering, hyderabad campus – computer sciences, hyderabad campus – electrical & electronics engineering, hyderabad campus – humanities and social sciences, hyderabad campus – mathematics, hyderabad campus – mechanical engineering, hyderabad campus – pharmacy, top resources.

For Further Information Contact

Admissions office.

Birla Institute of Technology & Science, Pilani Campus, Pilani, Rajasthan 333031 (INDIA).

(Note : For any query you may contact through the above phone numbers on any working day from Office Hours : Monday to Friday 9AM - 1PM & 2PM - 5PM Saturday 9AM - 1PM)

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Ph.D Economics

PhD Economics is a doctorate course that deals with the study of applied microeconomics, economic theory, game theory, energy economics, labor economics, and theoretical and applied econometrics. The PhD in Economics duration is 3-5 years. A Doctorate degree in Economics in India prepares students to pursue a variety of rewarding careers including Auditor, Stock Broker, Media Analyst, Actuarial, Lecturer or Professor, Banker, Economists, Geographer, Econometricians, Public Relations Officer.

Ph.D Economics Course Details

About phd economics course.

PhD Economics full form is Doctor of Philosophy in Economics. PhD in Economics course durations 3-5 years long. According to Wikipedia, “The study of Economics is the study of how people interact with value, particularly the production, distribution, and consumption of goods and services. Economic theory is the study of economic behavior and interactions, as well as the functioning of economies.”

The specialization falls under the umbrella of  Ph.D.  Students taking PhD Economics courses learn about micro and macroeconomics, international trade, international finance, corporate finance, development and growth theory, economic issues and policy, consumer demand theory, theory of production and cost, problems in data collection, and financial derivatives. Information about PhD in Economics course is available on the official websites of universities and colleges that offer the courses.

In addition to an entrance exam, the curriculum in the PhD in Economics program is semester-based with an annual exam. In the PhD program in Economics, students learn both the theory and the practical aspects of consumer demand theory and the theory of production and cost.

Table of Contents:

• PhD Economics Eligibility Criteria
• PhD Economics Admission Process
• Popular PhD Economics Entrance Exams
• Top PhD Economics Colleges
• Why choose the PhD Economics?
• PhD Economics Fees Structure
• PhD Economics Syllabus and Subjects
• Preparation Tips for PhD Economics
• PhD Economics Salary
• PhD Economics Career Options
• Skills to Excel

Eligibility Criteria for PhD Economics Course 

For admission into the course, students must meet the PhD in Economics eligibility requirements set by the university/college offering the course in order to be admitted to the course. There is no age limit for those interested in a PhD in Economics course. Students applying to the PhD Economics program are required to take an entrance exam, and some colleges also administer tests. Additionally, students must pass an entrance exam at the college level or at the national level in order to apply for the course.

How to Get Admission in a PhD Economics Course? 

PhD Economics admission requirements vary among colleges and universities. To earn a Doctorate degree in Economics, students must meet the PhD Economics eligibility requirements. Admissions can be applied for online or offline. Students who study at universities that offer a PhD Economics degree can earn this degree. Generally, the admission process includes the following components:

How to Apply for a PhD Economics Course?

Students can find more information about the PhD Economics course on the college’s website, as well as how to apply. The college’s website provides online applications for PhD Economics courses. Students are encouraged to regularly check the websites of universities and colleges since their admission process differs from each other. Students may also submit their applications online or in person. Students who wish to apply offline must complete a brochure, an application form, and a visit to campus. Online application forms must be completed, including the attachment of scanned documents. The course fee must be paid after the online application has been submitted.

Selection Process 

A candidate’s final grade determines whether or not they are admitted. Students can apply to colleges only if they are eligible and meet the minimum cutoff score. Students who have been selected to join the PhD Economics program can learn more about their program online at their university or college website. Students receive their final results via email or the college website.

Popular Entrance Exams for PhD Economics 

The PhD Economics degree is offered by a few colleges and universities, depending on their admission requirements. PhD Economics courses are offered by top universities and colleges in India that require entrance exams. By studying the test pattern, students can also succeed at the doctoral program entrance examination. Exams at the state, national, or college level are required for enrollment in the PhD Economics course. Various universities and colleges may have different cutoff marks. Here are some of the most popular PhD Economics entrance exams: 

A Quick Glance at the PhD Economics Entrance Exams 

Exam pattern and syllabus for PhD Economics should be familiarized before students take the entrance exam. The entrance exams will be easier to pass for students. The format of an entrance exam is usually as follows: 

• There are 50 questions on paper I and 100 questions on paper II.
• Multiple Choice Questions [MCQs] are the type of questions.
• Examinants have 3 hours to complete the test.
• English and Hindi is the language of the question paper.
• The questions will be divided into two papers.
• In the paper, I include common general knowledge questions for all students.
• Paper II includes specific subject-based questions.
• Paper I carries a total of 100 points and Paper II has a total mark of 200.
• Correct answers will be rewarded +2 marks.
• There is no negative marking for incorrect answers.

Top 10 PhD Economics Course Colleges in India 

PhD in Economics duration in India is 3-5 years. PhD Economics colleges all over the country offer these courses. In the PhD Economics course, students learn both the practical aspects of consumer demand theory and the theory of production and cost. PhD Economics colleges in India prepare students for success in their fields. The following are the top colleges for PhD in Economics in India: 

Fee Structure for PhD Economics 

PhD Economics duration and fees differ from other Economics courses available to Indian students. The Doctor of Philosophy in Economics is in high demand compared to other fields. PhD Economics fees in India are quite high when compared to overseas courses. Fees for PhD Economics colleges in India that offer this course are as follows:

Syllabus and Subjects for PhD Economics Course 

PhD Economics full form is Doctor of Philosophy in Economics. PhD Economics duration is three to five years. The PhD Economics syllabus is divided into semesters with a yearly exam. 

Students can choose between core and elective subjects that include advanced economic theory, data collection and organization, probability distribution and testing of hypotheses, econometric methods, topics in mathematical economics, advanced econometrics, advanced microeconomic theory, and advanced macroeconomics theory. Students in PhD Economics courses will learn techniques that will help them in the economic industry. The following topics will be covered in the course:

• Advanced Economic Theory
• International Trade and Finance
• Economics of Planning
• Public Finance
• Theory of Economic Growth and Technical Progress

Read More On  PhD Economics Syllabus & Subjects

Why Choose the PhD Economics Course? 

Before choosing a PhD Economics program, many students wonder about the details of the program. A common question students have when choosing a career is, “What is the PhD course?” and “Why choose the PhD Economics course?.” We have summarized the following three pointers to answer this question:

What PhD Economics Course is All About?

PhD Economics full form is Doctor of Philosophy in Economics. The duration of PhD in Economics is between three to five years. The PhD Economics course type is designed for students seeking a deeper understanding of economics through classroom study and practical application. PhD Economics course details are intended for individuals who wish to enter the world of economics, aspire to be self-employed, and wish to contribute to the socioeconomic of India. 

A PhD in Economics prepares students for careers in coaching centers, economics consultancies, economics departments, home tuitions, museums, private tuitions, publishing houses, research and development agencies, and schools.

What Does a PhD Economics Graduate Do? 

Graduate students in PhD Economics are able to choose between a variety of jobs in the public and private sectors. Students studying PhD Economics can use the knowledge they gain from their education to perform better at their jobs. Some of the fields where graduates can pursue their careers are accounting, banking and finance, insurance investment, marketing, management, manufacturing, advertising, communication, and actuarial.

Auditor : An auditor is an official who ensures that financial records are accurate and that companies are in compliance with the laws regarding taxation. Accounting and auditing jobs can have a high salary since their main purpose is to protect businesses from fraud and detect discrepancies in accounting practices.

Reasons Why PhD Economics Course Can Fetch You a Rewarding Career? 

PhD graduates in Economics in India advance in an array of careers in coaching centers, economics consultancies, economics departments, home tuitions, museums, private tuitions, publishing houses, research and development agencies, and schools. Academic institutions and economic consultancies are eager to hire PhD with Economics degrees. Graduates of PhD Economics programs are employed in both the public and private sectors. Some of the fields where graduates can pursue their careers are accounting, banking and finance, insurance investment.

Career Scope and Options: Graduates of the PhD Economics program will likely work in research and development, specializing in rapidly evolving fields of economics and finance. As technology advances, a broader range of skills becomes more valuable. Additionally, students can work at Bank of India, Bharat Forge, Bharat Petroleum Corporation Limited, BSNL, Cognizant, Ericsson India, Flipkart, Future Group.

Read More On  PhD Economics Jobs 

Preparation Tips for PhD Economics Course 

Students interested in pursuing a PhD Economics course should prepare well. For students interested in pursuing a PhD in Economics, here are some tips: 

Planning a Study Course: Students can use a study course plan to help them balance their study and their lives. 

Exam Paper Pattern and Syllabus Knowledge : Having knowledge of the exam patterns and syllabus is essential for students to do well in the exams. 

Engage Fellow Students : Help them reduce their stress during the exam period by exchanging knowledge with other students.

Interact with Professors: Professor interactions are a great way to gain insight into course topics. 

Practice makes Perfect : To acquire a deeper understanding of programming and development, students must practice a great deal. 

Journals : The course involves a lot of research-based studies so students can subscribe to weekly journals to keep informed.

PhD Economics Courses salary in India

Graduates of PhD Economics can expect to earn INR 3-10 LPA (Source: PayScale). In addition to their skills and experience, students of PhD Economics' starting salary is paid according to their progress. Because of technology, PhD in Economics are in greater demand. Comparatively, Economics is a relatively high-paying field.

Read More On PhD Economics Salary

Career Options After PhD Economics Course 

Students who complete the PhD program in Economics can pursue a variety of careers. PhD students in Economics gain practical and theoretical skills that can be applied to their careers. PhD Economics graduates are able to find employment in top economics consultancies after obtaining a PhD degree.

The PhD in Economics provides them with additional qualifications that enhance their employability. Graduates of the PhD program in Economics can work as Auditor, Stock Broker, Media Analyst, Actuarial, Lecturer or Professor, Banker, Economists, Geographer, Econometricians, Public Relations Officer, and many more. Doctoral degree holders in Economics may pursue the following careers: 

• Political Scientists
• Financial Consultant
• Senior Research Scientist
• Assistant Professor
• Head of the Educational Department
• Senior Economist
• Senior Market Analyst
• Director of Research and Development

Skills That Make You The Best PhD Economics Graduate 

Graduates of PhD in Economics courses should be capable of being passionate and logical. Good Communication skills that align with the student's interests can also influence their career. In order to advance in their careers, students must develop certain skills without taking an interest in learning. It is crucial for economics students to analyze the economics and finance new approaches. Students who graduate from the doctoral program in economics should have the following skills: 

• Dedicated Skills
• Studious Skills
• Reasonable Skills
• Avid Reader Skills
• Enthusiastic Skills
• Assertive Skills
• Decisive Skills
• Strong Minded Skills
• Passionate Skills
• Interested Skills
• Logical Skills
• Good Communication Skills
• Eager Skills
• Confident Skills
• Strong-Willed Skills
• Determined Skills

What is the duration of the PhD Economics Course?

-The course duration isn’t fixed and varies based upon the curriculum that the university is following. Generally, this course can be done in 3-5 years of time.

What is the difficulty level of PhD Economics course?

-Since Ph.D. is the highest and most prestigious degree, the difficulty level of this course is known to be harder than the postgraduate course. This degree tests the research knowledge of the candidates and their thesis efficiency in making an impact on the economical structure of a selective group.

What are the current job scopes for graduates of Ph.D. Economics?

-Graduates are entitled to receive several jobs offers from private economic analysis companies and business analytics and development conglomerates in a higher role and also from several data analytics and print media companies as senior analysts or data science engineers role. They’re also hired in central government and state financial and commercial operations in a senior role with gradually increasing payscale.

What is the average salary offered for a graduate of this course?

-The average salary offered for a graduate of this course depends upon his/her job role and the company he/she is hired in. On average, the graduates of this course are entitled to receive an average salary of INR 3 LPA -10 LPA.

What are the minimum requirements for Ph.D. Economics?

-The graduates are expected to have a minimum of 50% in their post-graduate studies in economic science background. Along with that, their post-graduate projects will be evaluated along with their entrance exam scores, for further admission process.

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