MSc Agricultural Economics 2024: Admission Process, Eligibility

2 Years
Post Graduation
Full Time

The MSc Agricultural is a 2-year full-time program that is targeted towards the development of a strong, comprehensive background of the agricultural economics concepts and policy matters in India. There are courses covering the economics of micro and macro, marketing of agriculture, pricing analysis, planning and management of projects, research methods, agricultural finance and economic resource natural as related to agriculture.

Students deal with the issues like production economics, agriculture marketing, farm management, agricultural finance, agricultural policy analysis, econometrics, statistics, and natural resource economics taking one year to go through the course. Through teaching students about market dynamics, the course goes to lengths of formulating data driven solutions to tackling challenges in the Indian agriculture. 

M.Sc Agricultural Economics Admission Process

Step Description
1 Meet the eligibility criteria.
2 Submit an application form.
3 Appear for an entrance exam (if required).
4 Attend an interview.
5 Get selected for the M.Sc program.

M.Sc Agricultural Economics Eligibility

1. Bachelor's degree in agriculture or allied disciplines: Candidates need to possess a bachelor's degree with a strong background in agricultural subjects like agriculture, agribusiness, or agricultural economics, or they should have a related degree like economics, business administration etc.

2. Minimum percentage in bachelor's degree: A young person looking for an opportunity in PhD studies must usually have more 50-60% aggregate marks or have a grade which is the same as his/her bachelor’s degree. Some colleges might require a higher% to be done.

3. Entrance test: Many colleges compel those would-be students to sit through these competitive exams such as ICAR NET, MCAER PG CET etc. 

4. Work experience: Some colleges reserve a weightage for the candidates who have already done 2-3 years of job in agriculture, agribusiness, research or teaching, which can also influence their admission in the best of the colleges.

5. Interview: Also his overall performance in the entrance test is not the only criterion. His personal interview is also an important round where the final selection for admission is made. 

6. English proficiency scores: Those candidates who have completed their previous degrees in a foreign language within are expected to attain minimum English proficiency scores on test of IELTS/ TOEFL as a prerequisite.

M.Sc Agricultural Economics Entrance Exams

ICAR AIEEA PG: The Indian Council of Agricultural Research holds an All India Entrance Examination for Admission Post Graduate is Agricultural Sciences, where its candidates' knowledge about Agricultural Economics is tested for the purpose of admission to MSc Agricultural Economics programs.

: The ability of the ICAR JRF/SRF to assess research aptitude as well as subject knowledge in agricultural economics for MSc and doctor of philosophy programs especially for research is one of its advantages.

GATE (Agricultural Engineering): The Engineering Graduate Aptitude Test comprises the agricultural engineering course which covers the economics of Agriculture and is essential for MSc Agricultural Economics admissions.

M.Sc Agricultural Economics Syllabus

Course Component Content
Microeconomics Supply and demand analysis, consumer theory, production theory, market structures.
Macroeconomics National income accounting, inflation, unemployment, fiscal and monetary policies.
Agricultural Economics Farm management, agricultural finance, agribusiness management, agricultural marketing.
Econometrics Statistical methods, regression analysis, hypothesis testing, economic model building.
Agricultural Policy Agricultural policies, price supports, subsidies, trade policies, agricultural development.
Environmental Economics Environmental issues, natural resource management, sustainability, economic valuation methods.
Research Methods Research design, data collection techniques, survey methods, statistical analysis in agriculture.

Top 10 Government Master of Science [M.Sc] (Agricultural Economics) Colleges in India with Fee Structure

Tabulated below is the collection of the Top 10 Government Master of Science [M.Sc] (Agricultural Economics) Colleges in India with Fee Structure, including their key features.

Name of the institute Location Fees
Dr. B. R. Ambedkar University of Social Sciences Indore, Madhya Pradesh INR 49,440
Agricultural College and Research Institute Madurai, Tamil Nadu INR 80,416
Acharya N. G. Ranga Agricultural University, College of Agricultural Engineering Bapatla Guntur, Andhra Pradesh INR 27,800
College of Agriculture Nagpur, Maharashtra INR 110,000
Kerala Agricultural University, College of Agriculture Vellayani Thiruvananthapuram, Kerala INR 35,000
Kerala Agricultural University, College of Horticulture Vellanikkara Thrissur, Kerala --
SKN College of Agriculture Jaipur, Rajasthan INR 90,010
Shri Shivaji Agriculture College Amravati, Maharashtra --
Professor Jayashankar Telangana State Agricultural University Hyderabad, Telangana INR 45,170
Sher-e-Kashmir University of Agricultural Sciences and Technology of Jammu Jammu, Jammu and Kashmir INR 114,366

Top 10 Private Master of Science [M.Sc] (Agricultural Economics) Colleges in India with Fee Structure

Tabulated below is the collection of the Top 10 Private Master of Science [M.Sc] (Agricultural Economics) Colleges in India with Fee Structure, including their key features.

Name of the institute Location Fees
Lovely Professional University Jalandhar, Punjab INR 406,000
Mangalayatan University Jabalpur, Madhya Pradesh INR 90,000
Abhilashi University Mandi, Himachal Pradesh INR 250,000
Om Sterling Global University Hisar, Haryana INR 130,000
Baba Saheb Dr Bhim Rao Ambedkar College of Agricultural Engineering and Technology Etawah, Uttar Pradesh --
Akal College of Basic Sciences Sirmaur, Himachal Pradesh INR 125,000
janta vedic college Bhaghpat, Uttar Pradesh --
G.H Raisoni University Saikheda, Madhya Pradesh INR 161,000
Tantia University Sriganganagar, Rajasthan INR 295,000
Udai Pratap College Varanasi, Uttar Pradesh INR 8,541

M.Sc Agricultural Economics Course Placements

The average CTC for M.Sc. (Agricultural Economics) graduates varies depending on the employer and the candidate's experience. However, most M.Sc. (Agricultural Economics) graduates can expect to earn a starting salary of between 4 lakhs and 6 lakhs per annum.

Average CTC with India Colleges Name in Table Format

College Average CTC (INR)
Indian Agricultural Research Institute (IARI) 5 lakhs - 7 lakhs
Punjab Agricultural University (PAU) 4.5 lakhs - 6.5 lakhs
G.B. Pant University of Agriculture and Technology (GBPUAT) 4 lakhs - 6 lakhs
Acharya N.G. Ranga Agricultural University (ANGRAU) 3.5 lakhs - 5.5 lakhs
Tamil Nadu Agricultural University (TNAU) 3 lakhs - 5 lakhs
University of Horticultural Sciences, Bagalkot (UHSB) 2.5 lakhs - 4.5 lakhs
Maharashtra University of Horticultural Sciences (MUHS) 2.5 lakhs - 4.5 lakhs
Uttar Pradesh Agricultural University (UPAU) 2.5 lakhs - 4.5 lakhs
Odisha University of Agriculture and Technology (OUAT) 2.5 lakhs - 4.5 lakhs

M.Sc Agricultural Economics Course Jobs and Salary

M.Sc. (Agricultural Economics) graduates have a wide range of job opportunities available to them, depending on their specialization. Some of the most common job titles for M.Sc. (Agricultural Economics) graduates include:

Specialization Average Salary (INR)
Agricultural Economics 5 lakhs - 7 lakhs
Agricultural Policy 5.5 lakhs - 7.5 lakhs
Agricultural Finance 5 lakhs - 7 lakhs
Agricultural Marketing 5 lakhs - 7 lakhs
Agricultural Risk Management 5.5 lakhs - 7.5 lakhs
Agricultural Development 5 lakhs - 7 lakhs
Agricultural Sustainability 5.5 lakhs - 7.5 lakhs
Agricultural Trade 5 lakhs - 7 lakhs

Master of Science [M.Sc] (Agricultural Economics) Overview 2024 FAQs

The MSc Agricultural Economics is an advanced program which resources the application of the economic concepts in the fields of agricultural production, farm management, policy analysis, and agribusiness decision making.

Graduates may choose from careers in agricultural economics, the market analysis, policy advice, agribusiness management, consulting, research as well as further doctoral studies in related fields.

Students with a background in agriculture are probably to get admission in this program, but this program also invites students from varied fields such as economics, agriculture, or related fields with a particular interest in economics.

Students learn: economic analysis, quantitative methods, statistics, policy evaluation, as well as agricultural marketing, farm management, and research methodology specific to agriculture economics and agribusiness.

Typically, MSc Agricultural Economics programs incorporate internships or fieldwork projects as well to bridge the gap between the theoretical knowledge and practical experiences which are usually attained in a real-world agricultural setup.

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