Pursuing MA in economics from IGNOU alongside preparing for RBI Grade B exam has its pros and cons both.
Pros:
It will make you eligible for RBI Grade B (DEPR) vacancies, for which competition would be lesser as compared to RBI Grade B (General). The probability of selection will be higher.
In future, if you need backup options, this degree will come to your rescue.
This degree will get you brownie points in an interview. The knowledge gained through the pursuit of the degree will be helpful in your career.
Will help with the Economic Issues portion of RBI.
Cons:
You might face serious time management issues.
If you decide to pursue MA in Economics alongside prepararing RBI Grade B Exam, it have its own respectve pros and cons.
Weighing the pros and cons you can make the decision based on your caliber and situation.
The courses of MA in Economics at IGNOU for both years have been tabulated below:
First Year:
Course Code |
Course Name |
Credits |
MEC-001 |
Micro Economics Analysis |
6 |
MEC-002 |
Macro Economics Analysis |
6 |
MEC-003 |
Quantitative Methods for Economic Analysis |
6 |
MEC-004 |
Economics for Growth and Development |
6 |
MEC-005 |
Indian Economic Policy |
6 |
Second year:
Course Code |
Course Name |
Credits |
MEC—006 |
Public Economics |
6 |
MEC-007 |
International Trade and Fiance |
6 |
MEC-008 |
Economics of Social Sector and Environment |
6 |
MEC-009 |
Research Methods in Economics |
6 |
MECP-001 |
Project Work |
6 |
MECE-001 |
Economic Methods |
6 |
MECE-003 |
Actuarial Economics: Theory and Practice |
6 |
MECE-004 |
Financial Institutions and Markets |
6 |
MECE-002 |
Computer Applications in Economic Analysis |
6 |
For more details visit IGNOUs official website.
The Central University of Kerala is a decent option for pursuing an MA in Economics. The syllabus followed for the course is better than the state universities. The student crowd on campus is decent. You will get to meet people from all over India. The local students are friendly.
The placement opportunities offered at the institute aren’t that good. However, it is getting better gradually.
The admission procedure for an MA in economics at the Delhi School of economics has two modes, i.e. Direct or Merit Mode and Entrance Test Mode. For both modes of admission, the prerequisites are described below:
The documents needed at the time of admission are listed below.
For an MA in Economics, Central University of Panjab is a good option. The university has a good foundation and a brilliant faculty. The environment on campus is competitive, almost every student prepare for higher studies and competitive examination such as NET, GATE, etc. The competitive peer group will keep you motivated.
In terms of MA Economics, there is no difference between Delhi University and Delhi School of Economics. The MA in Economics degree offered by DU is through DSE since it is the Economics department of Delhi University. It is one of the most-sought after Economic schools in the country and offers excellent education in the field.
AMU is ranked 33 among all the colleges in India in the 2020 NIRF rankings. The department of Economics was established in 1920. It has flourished well to be one of the main constituent departments of the Faculty of Social Sciences. The total fees of the course are INR 2.32 lakhs. The basic academic requirement for pursuing this course is B.A. with a minimum of 55% marks in aggregate and in Economics or a B.Sc. with a minimum of 55% marks in aggregate and minimum 60% marks in Mathematics/Statistics is eligible to apply for the course. A departmental test is conducted for the admission of students in this course and there are a total of 65 seats. The syllabus is updated regularly with the advancement in the subject, balancing emphasis on theoretical analysis with that on applied economics. This college also holds a good placement record, approximately over 100 companies visit the college every year for placement drive. The college has a good 85% placement rate maintained for the last 5 years. The median salary offered is around 5 LPA.
Jain University has an overall ranking of 85 amongst top institutions in India by NIRF in 2020. It offers a full time 2 year MA in Economics degree program that has been accredited by NAAC with Grade ‘A’. The specialty of this degree program is that it offers special add-on certificate courses.
Admissions:
Students must be a graduate from a recognized university and have to appear for the Jain Entrance Test (JET) conducted by the university.
Based on the ranking, shortlisted candidates will be called for a group discussion followed by a personal interview.
The final selection is made based on the performance in all three rounds.
Faculty: Most of the faculty members are experts from the industry and use their knowledge and practical expertise in order to teach students.
Placements: Students of MA Economics from the institute get employed in various job positions in public sectors, MNCs, corporate houses, academics, R&Ds.
Jain University witnessed a total placement rate of 96.88% within the humanities and social sciences sector in 2019.
It offers placements with top companies like Audi, Axis Bank, and Collabera and offers a median salary of 5 LPA.
The MA program in Economics at the university offers reputed in-house scholars, experienced faculty, international curriculum and pedagogy, diverse specializations, and decent placement opportunities. Students who are looking for a postgraduate program in Economics can definitely apply for the master’s program at Jain University.
The MA in Economics program offered by the Central University of Kerala is quite good. The course curriculum and the faculties offered by the institute is better than that of the state universities. However, the Economics program offered by the institute isn’t among the best economics program offered in the country. There are better alternatives like JNU, DSE, ISI, etc.
This course will be good for you if you want a more suitable course structure for competitive examinations like IES, UGC NET, Civil Services, etc.
IIFT Delhi is one of the premium institutes in India which offers excellent education to its students.
When we talk about the Masters in Economics, IIFT Delhi started this course in the year 2018 which is very recent. GIPE, on the other hand, has been offering this course for a long time, the institute has established in the year 1930, and the MA Economics program offered by GIPE is one of their flagship program which gives you all the necessary facilities and guidance to conduct your researches, the institute is in connection with many known researchers. So GIPE is a better option for MA in Economics.