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Online M.Sc in Economics
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Updated at : October 17, 2024DOWNLOAD E-BOOK
Online M.Sc In Economics
Master of Science in Economics (online) is a post-graduate program, that mainly equips students with all the aspects of Economics not only as a subject but also as a universal factor that enhances every aspect of an individual life and society. As the mode of the program is online, one can have the privilege of pursuing the program anytime, from anywhere. The flexibility and conveniency that online mode provides are advantageous for students who are more into self-learning. M.Sc economics online is a full package for professionals seeking to have further career development, individuals who want to have in-depth knowledge of the subject, and for the ones who want to have multiple career opportunities from the very beginning.Watch Video
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Online M.Sc in Economics Program Overview
The online Master of Science in Economics program is the best for those who want to gain in-depth knowledge of economics as a subject. The program widely covers all the topics related to economic theories, public theories, the history of economics, International and national trade and finance, public policies, and many more.
Online M.Sc is a 2-year postgraduate program, that includes 4 semesters, 2 semesters each year. Online M.Sc in economics automatically includes deep research for completing the dissertation. Pursuing an online M.Sc in economics can open a huge no. of job opportunities for these postgraduates, not only in the government sector but also in the private sector such as data analysis, financial analysis, economist, branch retail manager, etc.
Why Choose an Online M.Sc in Economics?
Studying Economics at a higher level adds on multiple skills such as quantitative analysis, data analysis and modeling, critical thinking, communication, research skills, evaluating risk, and many more. These skills will eventually help you empower the career you desire to have.
Online degrees are now globally recognized and known worldwide for the benefits they bring to students' academic journey. Online M.Sc equips students with both practical and theoretical knowledge because of the curriculum, which is being made especially in a way that is only for the students getting enrolled in online mode.
When Should I Pursue an Online M.Sc in Economics
Pursuing an M.Sc in economics online mode is the best way one can do to continue their studies. It is advantageous for working professionals and students who want to pursue dual courses and low tuition fees. The ones who want to pursue economics in higher studies must pursue an M.Sc in economics for a better understanding of real-life scenarios. The development of multiple skills, and improving career prospects, are one of the main reasons for working professionals to pursue an online M.Sc in economics.
Key Highlights of Online M.Sc in Economics In India
- Online MSc in Economics is a UGC-DEB approved program, equally valid, and recognized as a regular degree.
- The duration of the program is 2 years, consisting of 4 semesters, and 2 semesters yearly.
- The program mainly covers a varied range of subjects such as microeconomics, macroeconomics, fundamentals of economics, environmental economics, monetary theory, international economics, trade and development, etc.
- As the mode of the program is online, the curriculum of the course is usually designed by experts on the subject. It also includes the formation of a contemporary curriculum.
- Online M.Sc in economics equips students with all the necessary in-demand skills like, knowledge of economics concepts, research skills, data collection and analysis, writing and editing, etc.
- The program provides comprehensive knowledge of mathematics, statistics, economic updates, and using economics in real life, which also helps with the wider range of career opportunities for postgrads.
- As the world is rapidly growing towards a more flexible and accessible way of learning, pursuing an M.Sc in economics online mode is a smart move for today's generation. The course beautifully indulges with the requirements of the modern education system.
- The admission process for the program is easy too, including the complete online method of admission. Students can take admission from their comfort zone.
- The syllabus of the program includes crucial pointers to be covered so that it will not waste student's as well as faculty's time.
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Online M.Sc in Economics Course Subjects/Syllabus
Kindly look into the syllabus of the online M.Sc for better understanding, we have provided a detailed syllabus here;
|
Semester 1 |
Semester 2 |
|
Microeconomics Theory and Analysis - I |
Microeconomics Theory and Analysis - II |
|
Macroeconomics Theory and Analysis - I |
Macroeconomics Theory and Analysis - II |
|
Fundamentals of Information |
Mathematics for Economists |
|
Indian Economics Development |
Generic Elective - I |
|
Fundamentals of Research |
Research Methodology |
|
Semester 3 |
Semester 4 |
|
International Economics |
Economics of Development |
|
Environmental Economics |
Trade and Development |
|
Monetary Theory |
Generic Elective - III |
|
Public Economics |
Generic Elective - IV |
|
Generic Elective - II |
Dissertation OR |
|
Term Paper |
Online M.Sc in Economics Eligibility & Duration
Below you can find the eligibility for an online M.Sc in Economics:
- Academic eligibility for pursuing an online M.Sc in economics includes a bachelor's degree from a recognized university or equivalent.
- The graduation degree should be in economics, mathematics, statistics, or from the relevant field.
- Candidates must have 50-60% in their bachelor degree.
- It is advised to have prior research experience or internship in the relevant subject.
Duration of the Online M.Sc in Economics
The duration of the program is 2 years, consisting of 4 semesters, and 2 semesters yearly which means it is a must to complete one semester in 6 months. Students can continue the course for a further 4 years only. The online mode makes the program more flexible and convenient while providing deep knowledge of the subject.
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Program Fees for Online M.Sc in Economics
Starting at ₹ 6,776/month
Program Fee: ₹80,000 - ₹80,000
Low Cost EMI Available
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Academic fee for online M.Sc includes an application fee as well. Usually, the average fee for pursuing an online M.Sc in economics is somewhere around 1 to 2 Lakhs. Fee may vary as per the different universities policies, curriculum, and faculty.
Online M.Sc in Economics Admission Procedure
To enroll in an online M.Sc, it is required to check the eligibility criteria thoroughly. below we have mentioned the complete procedure for admission to an online M.Sc in economics.
- Register yourself by signing in or signing up and complete the initial registration fee.
- Fill out the online application form with all the required details personal, professional, and academic. Upload the relevant documents as well.
- Wait for the verification by the university, sometimes it takes 1-2 weeks for the verification.
- Get your login credentials over the email or your registered mobile no. and start your academic journey.
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Education Loan/EMI Facilities for Online M.Sc in Economics
It is advisable for students to opt for an education loan in order to pursue an online M.Sc in economics smoothly. Education loans can reduce the strain on families' and students' heads as it is always better to spend all your savings in one place when you literally have the best way to pursue the course of your dream. Besides, the interest on an education loan is eligible for a tax rebate under 80 E of the Income Tax Act 1961.
Education loans cover most of the parts while getting enrolled such as tuition fees, accommodation, laptops, travel expenses, study materials, and many more. This mode of payment is also beneficial for working professionals who are doing everything on their own and want to have a bright future as well.
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Is Online M.Sc in Economics Worth it?
Online M.Sc in economics is worth pursuing if you're really into economics not as a subject but can apply the formulation in everyday life. The subject itself makes one's life a lot easier by including all the necessary topics. Pursuing an online M.Sc in economics opens the door to a varied range of job opportunities, that include both private as well as government opportunities.
Postgraduates can easily apply to roles at consulting firms, financial institutions, government agencies, and research organizations. As per the new reports, the demand for economists is high, which indicates the future demand for these professionals will definitely increase. The average salary after the completion of an online M.Sc in economics ranges from 2.5 to 38 Lakh per annum. We are well aware of the fact that M.Sc in economics is a specialized program that requires in-depth research and thinking, which eventually helps you gain specialized skills.
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Job Opportunity after Online M.Sc in Economics
Let's discuss some of the in-demand job opportunities after the completion of M.Sc in economics. While getting aware of all the aspects of the program, it is crucial to get to know about the future job opportunities one can have. Below are some of the paying jobs after the completion of M.Sc in economics.
Quantitative Analyst: Quantitative analysts are also known as "quant", these are the professionals, that work according to the statistical and mathematical methods and make crucial financial decisions. Quants are also responsible for analyzing teh markets, pricing assets, evaluating performance, developing new trading ideas, making investment-related decisions, etc. The average pay of quants is 4-8 LPA. These professionals mainly work for investment banks, insurance companies, and commercial banks.
Chief Economists: Chief economists mainly work in government firms, banks, and institutions. They are mainly responsible for the development of the organization, maintaining coordination between multiple teams, and producing economic and financial analyses. Chief analysts usually earn somewhere around. 6-12 Lakh per annum.
Market Research Analyst: As it is clearly visible with the name of the job role it includes research in marketing, gathering and analyzing data for the organization's economic growth. These analysts can work in any of the management, information, finance, and insurance-related industries. Market research analysts make somewhere around 3 to 7 lakh per annum.
The Corporate Sector that recruits M.Sc in economics graduates is as follows:
|
Top Recruiters in Corporate Sector |
|
|
Deloitte Consulting Services |
Alice Blue |
|
Tata Consultancy Services (TCS) |
|
Government sectors that hire M.Sc graduates are as follows:
|
Top Recruiters in Government Sectors |
|
|
Indian Defence Accounts Service (IDAS) |
Indian Economic Service (IES) |
|
Central Excise Service (CES) |
Indian Revenue Service (IRS) - Income Tax |
|
Indian Audit and Accounts Service (IA&AS) |
Indian Cost Accounts Service (ICoAS) |
Top Recruiters for Online M.Sc in Economics
Some of the top recruiters for M.Sc in economics come from the sectors like;
- Banks and finance sector
- Corporate sector
- government sector
Under the Banks and finance sector, we can include investment banks such as Morgan Stanley, JP Morgan, Goldman Sachs, Citigroup, Axis Capital, and many more. These Banks highly recruit graduates from Online M.Sc in economics.
Our students work at
Amazon
Axis Bank
Deloitte
Honeywell
Infosys
Microsoft
Nestle
PWC
JP Morgan
Let's clear up some doubts about Online M.Sc in Economics
The salary of an M.Sc in economics may vary depending on the position you're getting in. The average salary of M.Sc in economics ranges from 2.5 to 38 LPA. Some of the higher-paying jobs after the completion of an M.Sc in economics are as follows;
- quantitative analysts
- Market analysts
- Chief Economists
As the program is subject-specialized and research-oriented, it may be challenging for many students. The program requires skills related to proficiency in mathematics, advanced statistical skills, and the ability to apply practical and theoretical knowledge to real-world problems.
Yes, the huge no of job opportunities in the market, makes the program more in demand.
M.Sc economics mainly equips you for the position that requires quantitative analysis, data analysis and modeling, critical thinking, communication, research skills, evaluating risk, etc. On the contrary, an MA in economics trains you in theoretical knowledge, practical skills, interdisciplinary courses, preparation for competitive exams, and so on.
PhD is the highest degree in the field of economics, also known as the research degree.
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