M.A in Quantitative Economics: Admission, Eligibility Criteria, Syllabus, Top Colleges, Job

  • Posted 3 weeks ago

Mohit Dhulia

The M.A. in Quantitative Economics is a 2-year postgraduate programme that is broken down into 4 semesters, each of which is 6 months long. Advanced study in topics including comparative economy, microeconomics, macroeconomics, international economics, various quantitative analytical techniques, etc. is included in the course structure.

Depending on the institution delivering the course, the average cost in India ranges from INR 2,000 to 1.5 lacs. Candidates with a minimum cumulative score of 55 percent at the graduate level may apply, but fees and eligibility requirements frequently fluctuate with institutes.

Depending on the firm and the candidate’s experience and subject competence, the typical annual starting salary for such postgraduates in India ranges from INR 4 to 9 Lacs. There are several chances and a wide range of topics to work on in this discipline. The typical pay for these postgraduates differs between the public and private sectors.

M.A. in Quantitative Economics: Course Highlights

Some of the course’s main highlights are listed here.

Course LevelPost Graduate
Duration2 Years
Examination TypeSemester System
EligibilityGraduation from a recognized Board or equivalent qualification
Admission ProcessCounselling after taking entrance examination
Course FeeINR 2000 to 1.5 Lacs
Average Starting SalaryINR 4 to 9 Lacs
Top Recruiting Fields/AreasBanking and Finance, Education and Communications, Business, Government and Public Sectors. Companies Include Mckinsey, GE, Tata Motors, Reliance Industries, Citi Bank, HSBC, Nestle, etc.

M.A in Quantitative Economics: What is it About?

A master’s degree in quantitative economics covers a wide range of contemporary problems with an economics foundation. The goal of the course is to give qualified students access to the key contemporary instruments required to offer effective answers to economic problems. This degree, which includes roughly 32 different elective subject options, is offered by a number of institutions and colleges throughout India. Additionally, some universities permit enrolled students to focus on areas like Comparative Economics and Micro Economics.

Quantitative analytical methods, macroeconomics, microeconomics, political economics, industrial economics, comparative economic systems, international economics, investment and banking systems, and public policy issues are among the major topics covered in the programme.

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Eligibility for M.A in Quantitative Economy

Candidates who are interested in the course must fulfil the following fundamental qualifying requirements:

  • graduating with a degree in economics or a closely related field, with economics serving as one of the primary study topics.
  • a minimum graduation-level cumulative score of 45 percent to 50 percent.
  • A few institutions also have entrance exams where students are evaluated based on their performance.
  • Students who are taking the exams for their last year of graduation are also able to apply.

M.A. in Quantitative Economics: Admission Process

Admission to this course is typically merit-based, meaning it depends on the student’s achievement in the senior secondary level; however, some colleges may administer entrance exams to choose and admit students to the course.

Top Institutes Offering M.A. in Quantitative Economics

Here is a list of some of the top universities in India that offer an M.A. in Quantitative Economics, along with their locations and typical annual tuition.

Fergusson CollegePune3,500
Presidency CollegeChennai1,000
St. Stephens CollegeNew Delhi8,000
Christ UniversityBangalore32,500
Madras Christian CollegeChennai14,000
Lady Shree Ram college for WomenNew Delhi18,000
Madras School Of Economics (MSE)Madras23,000
Jawaharlal Nehru University (JNU)New Delhi1,000
Delhi School Of Economics (DSE)New Delhi14,000
Loyola CollegeChennai6,000

M.A. in Quantitative Economics: Syllabus and Course Description:

Here is a breakdown of the course by semester.

Semester I
Microeconomic Analysis- I
Monetary Economics- I
Elementary Statistics
International Trade
Macroeconomic Analysis
Mathematics From Economics
Indian Economy
Soft Skill Elective
Semester II
Theory Of Pricing and Distribution
Macroeconomic Analysis – II
Quantitative Methods for Economic Analysis
Introduction to Computing
International Finance
Social Orientation Elective
Viva Voce
Semester III
Economics Of Growth/ Development Economics
Public Economics
Issues in the Indian Economy
Economics of Industry
Classical Political Economy
Elective Course
Semester IV
Growth Models in Economics
Indian Public Finance
Selected Problems of the Indian Economy
Economics Of Agriculture
Advanced Statistics and Computer Application
Monetary Economics
Elective Course
Elective Subjects
Econometrics I and II
Labor Economics I and II
Demography I and II
Economics of Gender and Development I and II
Economics of Infrastructure I and II
Financial Institutions and Markets I and II
Economics of Insurance I and II

M.A (Quantitative Economics) Course Suitability

  • Those who want to know about development economics, quantitative methods, econometrics, game theory, finance, development economics, social choice and welfare, and many other advanced topics are suitable for the course. 
  • They should possess critical thinking skills such as applying economic analysis to evaluate everyday problems; to evaluate specific policy proposals. 
  • Applicants should also be able to propose solutions for problems that do not have clear answers and indicate under what conditions they may be viable solutions. 
  • Students can also communicate effectively in written, spoken, and graphical form about specific economic issues.

How is M.A (Quantitative Economics) Course Beneficial?

  • The Master Degree course is beneficial for those who are interested in economics with Maths and statistics. 
  • The course also gives a good base for further higher studies in this field such as Ph.D. and M.Phil. 
  • It is beneficial as it provides thorough training in specific skills such as economics, mathematics, statistics, and computing.
  • The course also produces personnel for the public sector to enhance the process of decentralization.

M.A (Quantitative Economics) Employment Areas

  • Academics
  • Banks
  • Consulting Firms
  • Colleges & Universities
  • Financial Institutions
  • Government Policies

M.A (Quantitative Economics) Job Types

  • Data Analyst
  • Economist
  • Econometrician
  • Economic Affairs Officer
  • Manager Business Analyst
  • Quantitative Developer
  • Quantitative Research Associate
  • Researcher

M.A. in Quantitative Economics: Career Prospects

Following is a list of some of the well-known career paths available to such postgraduates, along with the associated wages offered for each position.

Business AnalystTo analyze the potential growth areas for a business organization to maximize the profit earned.4 to 5 lacs
Financial AnalystTo analyze the areas where improvement could be done and to apply techniques and tools for achieving feasible monetary gains.3 to 5 lacs
Securities AnalystThe job broadly deals with the concerns related to security and assets of an organization.4 to 6 lacs
Market AnalystTo analyze the potential areas in the market where investment should be made, taking the help of quantitative tools, determining risk factors.4 to 8 lacs
Marketing ManagerTo essentially deal with the marketing strategies of an organization, balance and maintain the workforce.6 to 9 lacs
Operations ManagerTo work extensively to properly maintain the operations of an organization. The job profile includes maintaining smooth conduct of operations and maintaining coordination among teams, among others.6 to 12 lacs

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