MPhil in Economics 2024: Admission Process, Eligibility, Entrance Exam

Arun Kumar

Senior Content Specialist | Updated On - Jan 14, 2024

M.Phil. (Master in Philosophy) is a postgraduate studies degree in economics that provides an in-depth insight into economic theories, methods and packages. The software is designed to sell advanced information and vital evaluation of monetary issues, and to put together students for research-orientated careers or further educational investigation

Normally two-yr period M.Phil. (Economics) curriculum includes guides in advanced financial principle, quantitative methods, econometrics, macroeconomics, microeconomics, development economics, etc. Students also are anticipated to conduct unbiased studies below the guidance of faculty advisors, culminating in a thesis or dissertation.

MPhil Economics Admission Process

MPhil Economics Course Eligibility

1. Educational Qualifications:

   • Candidates ought to have completed a postgraduate diploma (normally a Master's diploma) in Economics or a related subject from a diagnosed university.
   • The minimum percentage or grade requirements may also range among institutions, however a great instructional report is generally anticipated.

2. Entrance Exam:

   • Many universities and institutions conduct entrance assessments as part of the admission process for M.Phil. packages. Candidates are required to qualify in these assessments to be considered for admission.
   • The front exam may additionally check the candidate's expertise in economics, studies flair, and analytical abilities.

3. Interview/Selection Process:

   • Some universities might also conduct interviews or other choice processes to evaluate the candidate's flair for research and their motivation for pursuing an M.Phil. in Economics.

4. Research Proposal:

   • Candidates can be required to submit a research thought outlining their supposed place of research. This is frequently an important factor of the application procedure, because it demonstrates the candidate's studies pursuits and capability contribution to the sector.

5. Work Experience:

   • While work experience isn't always constantly a strict requirement, some institutions may also consider it as a further aspect inside the selection manner.

MPhil Economics Entrance Exams

1. UGC NET (National Eligibility Test): The UGC NET in Economics is a country wide-level exam in India that assesses candidates for eligibility for Assistant Professor positions and Junior Research Fellowship. The exam consists of two papers – Paper 1 assessments coaching/research flair, and Paper 2 specializes in the challenge-specific expertise of the candidate, along with Economics. Successful applicants can pursue M.Phil. in Economics or opt for a career in academia or studies.

2. JNU M.Phil./Ph.D. Entrance Exam: Jawaharlal Nehru University (JNU) conducts an entrance exam for admission to its M.Phil. and Ph.D. programs in Economics. The examination evaluates candidates on numerous factors of Economics, which include microeconomics, macroeconomics, and mathematical methods. Clearing this exam is a prerequisite for admission to the M.Phil. application at JNU, which is famend for its emphasis on studies and educational excellence.

3. DUET (Delhi University Entrance Test) for M.Phil. in Economics: Delhi University conducts DUET for admission to numerous postgraduate applications, together with M.Phil. in Economics. The examination assesses applicants on their know-how of economic theories, quantitative techniques, and studies flair. Successful applicants can pursue their M.Phil. in Economics at Delhi University, a prestigious organization recognised for its sturdy academic applications.

4. IIT JAM (Joint Admission Test for M.Sc.): While frequently for M.Sc. admissions, IIT JAM in Economics is likewise applicable for M.Phil. aspirants. The examination exams candidates on their know-how of economics, mathematical methods, and records. Clearing IIT JAM Economics can open doors for M.Phil. admissions in pinnacle-tier institutions and universities in India.

MPhil Economics Syllabus 2024

Top 10 M.Phil. (Economics) Colleges in India with Low Fees

Tabulated below is the collection of the Top 10 M.Phil. (Economics) Colleges in India with Low Fees, including their key features.

MPhil Economics Admission 2024

1. Check Eligibility:

   • Ensure which you meet the eligibility criteria set by means of the university presenting the M.Phil. (Economics) program. This typically includes having a postgraduate diploma in Economics or a associated discipline with a minimal precise percentage.

2. Entrance Exam:

   • Many universities conduct entrance assessments as a part of the admission method. Prepare for and appear in the relevant front exam, which may take a look at your expertise of economics, research aptitude, and analytical competencies.

3. Application Submission:

   • Complete and publish the application form furnished by way of the university. Include all required documents, such as academic transcripts, letters of recommendation, and a declaration of purpose.

4. Research Proposal:

   • Some establishments may also require you to put up a research concept outlining your intended location of studies. This is an opportunity to exhibit your studies hobbies and show your know-how of the selected field.

5. Interview/Selection Process:

   • Shortlisted applicants can be called for an interview or some other choice manner. This is an possibility for the university to evaluate your research aptitude, motivation, and suitability for this system.

6. Merit List and Admission Offer:

   • Based on the overall performance within the entrance examination, interview, and other selection techniques, universities will launch a benefit list. Successful applicants will get hold of admission offers.

7. Fee Payment and Enrollment:

   • Once you receive an admission offer, pay the desired fees inside the stipulated time to verify your enrollment. Follow any extra processes precise through the university.

8. Orientation and Registration:

   • Attend any orientation classes provided by using the university and complete the registration method to officially emerge as a pupil of the M.Phil. (Economics) application.

Top 10 Government M.Phil. (Economics) Colleges in India with Fee Structure

Tabulated below is the collection of the Top 10 Government M.Phil. (Economics) Colleges in India with Fee Structure, including their key features.

Top 10 Private M.Phil. (Economics) Colleges in India with Fee Structure

Tabulated below is the collection of the Top 10 Private M.Phil. (Economics) Colleges in India with Fee Structure, including their key features.

MPhil Economics Course Placements

MPhil Economics Course Jobs and Salary