A full-time Post-Graduate Diploma in Economics, often known as a PGD in Economic Analysis, is a one-year Diploma level Economics program. The Postgraduate Diploma in Economics is meant to provide students with a thorough knowledge of fundamental macro and microeconomic theories. Students for the Postgraduate Diploma in Economics course of study must have graduated from a recognized institution with a bachelor’s degree in any field.
The majority of colleges and universities provide entrance exams for PGD Economics programs, and many private institutes also offer direct admission based on a candidate’s educational credentials or donations. Foundations of Economists, Global Finance, Administrative Economics, Concepts in Economics, Microeconomic Principles, and other areas are covered in this discipline. Postgraduates with a Postgraduate Diploma in Economics can work as bankers, financial analysts, management consultants, investment consultants, professors, and in a variety of other jobs.
Eligibility for PGD Economics
Applicants who wish to apply for admission to the Postgraduate Diploma in Economics program must have the following basic requirements: Students must have completed a bachelor’s degree with a minimum grade of 50% in any discipline. At the time of admittance, the applicant shall not have any backlogs or compartments in any of the subjects/subjects they have yet to clear at the undergraduate or equivalent level. Apart from the aforementioned eligibility criteria, many institutions of higher learning may have their own extra requirements (such as one year of work experience) that students must meet in order to be admitted to a PGD Economics program.
In order to get the benefits that apply to them, applicants in the reserved category should produce their reservation certificates provided by the relevant government. The Common Entrance Test is used by the majority of institutes to admit students to PGD Economics programs (CET). Applicants must complete the appropriate entrance examination with the minimum qualifying marks in order to gain admission to the top colleges/universities.
Admission Process for PGD Economics
After the results of the graduation examination are announced, enrollment for the Postgraduate Diploma in Economics program begins. Qualifying examinations are held by colleges and universities for admittance to Postgraduate Diploma in Economics programs, and even some private organizations offer direct admissions as well. The following are the primary steps in the admissions process for the Postgraduate Diploma in Economics program: To be considered for direct admission to a Postgraduate Diploma in Economics program, aspirants must achieve acceptable grades in their undergraduate studies and determine whether an entrance examination is required as part of the admissions process.
Candidates should prepare for and take an entrance exam if one is necessary. Institutions will develop a merit list based on graduation test scores and/or entrance exam scores. The students who have been shortlisted will be contacted to verify their documents. Candidates will be awarded admittance to the Postgraduate Diploma in Economics course after their documents have been successfully verified.
PGD Economics: Course Overview
The table below lists the important highlights of the Postgraduate Diploma in Economics master’s program.
| Course | PGD in Economics |
| Full form | Postgraduate Diploma in Economics |
| Level | Post Graduate Diploma |
| Duration | 1 year |
| Eligibility | Graduation in any stream with 50% |
| Admission Process | Entrance exam based/ Merit-based |
| Average tuition fee | INR 45,000 to 2,00,000 |
| Job Positions | Marketing Research Analyst, Economic Consultancy, Financial Research Analyst, Risk Management, Credit Rating, Business Analyst, Teacher/Lecturer, etc. |
| Top recruiting areas | Banks, Educational Institutes, Stock Exchanges, Financing Agencies, Marketing Companies, BPOs, etc. |
| Average salary | INR 2.16-2.52 LPA |
Admission Process PGD Economics
After the results of the graduation examination are announced, enrollment for the Postgraduate Diploma in Finance program begins. Qualifying examinations are held by higher education institutions for admittance to Postgraduate Diploma in EcEconomicsrograms, and even some private institutes offer direct admissions as well. The following are the main steps in the admissions process for the Postgraduate Diploma in Economics program:
- To be considered for direct admission to a Postgraduate Diploma in Economics programme, applicants must achieve acceptable grades in their undergraduate studies and determine whether an entrance examination is required as part of the admissions process.
- Candidates should apply for and take an entrance exam if one is necessary. Universities will develop a merit list based on graduation test scores and/or admissions test scores.
- The students who have been shortlisted will be contacted to verify their documents.
- Candidates will be awarded admittance to the Postgraduate Diploma in Economics course after their documents have been successfully verified.
Entrance Exams for PGD Economics
Individuals who intend to enroll in a Postgraduate Diploma in Economics program must study for a series of arduous exams in order to demonstrate their qualifications and win admission to the nation’s top PG Diploma colleges on the basis of merit:
| Exam Name | Registration Date | Exam Date | Exam Mode |
|---|---|---|---|
| CAT 2022 | To be announced | To be announced | Online |
| MAT 2022 | To be announced | To be announced | PBT |
| XAT 2022 | To be announced | To be announced | Online |
| CMAT 2022 | To be announced | To be announced | Online |
| ATMA 2022 | To be announced | To be announced | Online |
How to Prepare for PGD Economics?
Several of the following pointers can be used to prepare for the qualifying examination for admission to the Postgraduate Diploma in Economics program:
- Beginning the entrance exam preparations early allows students to cover all of the relevant topics and go over the entire curriculum again.
- Applicants should first review the syllabus for the specific admission examination.
- Students will have the opportunity to respond to more application-based questions as well as the prior year’s question papers.
- Start taking a few practice tests prior to completing the entrance exam to help you develop your speed and accuracy.
Process of Getting Good College for PGD Economics
A variety of criteria come into play when it comes to gaining admission to a top-ranked postgraduate diploma in economics college. Some of the following suggestions will be beneficial to a candidate seeking admission to a top college for a Postgraduate Diploma in Economics in that field.
- If an applicant has a good academic scorecard in their degree, they can get their seat guaranteed at a good university for a Postgraduate Diploma in Economics. It is also based on the candidates’ performance in several national or state level entrance tests. The higher the score, the greater the chances of being accepted into one of India’s top economics institutes.
- It’s critical to be psychologically and physiologically prepared for the next steps in the admissions process, which include coaching, interviews, and seat allocation rounds.
- Keep track of all the essential events surrounding your acceptance to the PGD Economics programme so you don’t miss any deadlines.
- Keep a record of entry requirements, course cut-offs, application procedures, application fees, and other information about the PGD in Economics course admittance in newspapers, university websites, and other places.
- You should begin studying for the Postgraduate Diploma in Economics entrance tests as soon as possible to ensure that you have adequate time to prepare for the exam.
- Focus on your attitude so that you can stand out in front of the professors during the final stages of admission.
What is PGD Economics?
Postgraduate Diploma in Economics is a specialized postgraduate degree program that individuals can pursue after they have completed their undergraduate studies. The Postgraduate Diploma in Economics degree program provides the necessary background for the enrolled students to successfully complete the Diploma Courses Microeconomic Analysis and Macroeconomic Analysis.
The financial dimensions of policy-making are the main emphasis of the Postgraduate Diploma in Economics program, which aims to improve students’ grasp of the concepts, practices, and context behind the economic policy. The PGD Economics course is developed so that a PG diploma student may grasp the fundamental concepts of the discipline, as well as the principles and techniques linked with economics. In addition to its theoretical components, the PGD Economics approach is associated with a realistic analysis of how marketplaces are applied in the market world and how transactions are done in a cost-effective way.
What is the need to study PGD Economics?
The following are some of the reasons why you should pursue a Postgraduate Diploma in Economics. The Postgraduate Diploma in Economics program would be important to young employees who want to improve their applied critical thinking skills in order to advance their jobs. Among the institutions, colleges, and universities in India that offer business courses, this program is regarded as one of the best.
The program is designed for education students from any subject interested in learning about economics, finance, data analytics, and public policy. Candidates who already have a strong background in economics and want to obtain extensive and comprehensive education in modern economics in order to pursue a career as a professional economist/analyst can benefit from the Postgraduate Diploma in Economics program.
Individuals interested in pursuing careers in finance, such as accountancy, banking, and policy, or in aspects of business development and cognitive research, will benefit from the Postgraduate Diploma in Economics program.
Top Colleges PGD Economics
In India, a variety of prestigious colleges offer a Postgraduate Diploma in Economics. We’ve included a few of India’s leading Postgraduate Diplomas in Economics Institutions below:
These are among the best public and private schools and institutions in India that provide Postgraduate Diploma in Economics programs. Top universities and colleges are compared based on their rankings, program prices, income packages, and top recruiters.
| College Name | Average Annual Fees | Average Placement Package |
|---|---|---|
| Government College, Kolhapur | INR 50,000 | INR 5,10,000 |
| Indian School of Business, New Delhi | INR 3,80,000 | INR 5,00,000 – 5,50,000 |
| Institute of Management and Technology, Nagpur | – | INR 7,94,000 |
| Isara Institute of Management and professional study, new Delhi | – | – |
| Karnataka State Women’s University, Bijapur | INR 15,000 | INR 6,50,000 |
| University of Calcutta, Kolkata | INR 25,000 | INR 5,00,000 |
| Madras School of Economics, Chennai | INR 47,500 | INR 40,000 |
| Mumbai University, Mumbai | INR 44,250 | INR 3,20,000 |
| Kerala University, Thiruvananthapuram | INR 40,000 | INR 3,50,000 |
| Symbiosis School of Economics, Pune | INR 1,64,200 | INR 6,70,000 |
Syllabus for PGD Economics
| Macro Economics | Elements of econometrics |
| Fundamentals of Economics | Research report |
| Micro Economic Principles | Professional Communication |
| Theories in economics | Practical |
| Management economics | – |
Careers in PGD Economics
The table below lists some of the most popular employment profiles for a Postgraduate Diploma in Economics student, along with their income packages.
| Job Positions | Description | Average Annual Salary Package |
|---|---|---|
| Economic Service Officer | Economic Service Officer is a government career that entails serving as an employee at the ministerial and departmental levels. | INR 5,30,000 – 6,50,000 |
| Banker | A banker’s job includes managing the day-to-day operations of a bank, including service delivery and client grievance resolution. | INR 2,74,000 -2,92,000 |
| Investment Consultant | An Investment Consultant’s profession includes providing clients with investment advice based on market conditions analysis. | INR 3,30,000 – 3,55,000 |
| Risk Analyst | The profession of a Risk Analyst is analyzing and assessing investments and liabilities based on the risk involved. | INR 2,68,000 – 3,10,000 |
| Professor | It is a professional position that entails instructing students on a subject. | INR 3,20,000 – 3,42,000 |
Future Scope for PGD Economics
Because of its great utility and requirement in today’s job markets, economics is considered an evergreen subject. Economics is an important concept from both a career and a work standpoint. Postgraduates of the PGD Economics degree program have a wide range of employment opportunities to select from. To enter the profession of teaching at colleges and universities, one can take a Postgraduate Diploma in Economics. Postgraduates can work in banks, educational institutions, stock markets, finance agencies, advertising companies, and BPOs, among other places. Students can also pursue a Ph.D. in Economics or an MBA.
FAQ’s for PGD Economics
Marketing Research Analyst, Economic Consultancy, Financial Research Analyst, Risk Management, Credit Rating, Business Analyst, Teacher/Lecturer, and many other positions are available for PGD in Economics students. You also can work as a teacher in a school.
The financial dimensions of policy-making will be studied inside the PGD in Economics course, which will improve your understanding of the ideas, methods, and background behind the economic policy.
Candidates must hold a bachelor’s degree from a recognized educational institution and have received a minimum aggregate mark of 50% on their graduating exams. The minimal mark requirements may differ from one university to the next.
The course can lead to a variety of job options in a variety of fields. Students who have completed a postgraduate level program in Economics will work in a variety of educational institutions, including schools, special schools, and universities.
