PhD Economics: Important Highlights
The aspirants for the PhD Economics can check the table given below to understand every important highlight regarding the PhD Economics.
Listed below are some of the major highlights of the course.
| Course Level | Doctorate |
| Duration | 3 to 5 years |
| Eligibility | Post-graduation in Economics |
| Admission Process | Based on counseling after clearing Entrance Tests like UGC-NET for different colleges. |
| Course Fee | INR 80, 000 to 6 Lakh for three years |
| Average Starting Salary | INR 2 to 8 lacs per annum |
| Job Positions | Accounting, Auditor, Banking and Finance, Insurance Investment, Marketing, Stock Broker, Media Analyst, Management, Manufacturing, Advertising, Communication, Actuarial |
Eligibility Criteria For PhD Economics
To pursue a Ph.D. in Economics route, the candidate ought to have Masters or M.Phil. diploma in Economics from a identified university. For admission to the Ph.D. program in Economics department, a minimal requirement is Master's Degree in Economics.
If you've taken admission to M.Phil diploma through an entrance exam, you don't have to go through that again and you can appear for interview directly. Some Universities additionally admit college students on the basis of National Eligibility Test (NET).
Final Admission is given on the idea of Interview spherical performed almost a month earlier than the graduation of the semester.
Usually, Ph.D. route admission is finished after Masters or M.Phil diploma, however in case you occur to be one of the toppers in UG BE/B.Tech route from a reputed university, you'll be eligible for direct admission to the Ph.D. route. Such applicants require 75% marks in qualifying exam at the side of a legitimate GATE score. List Of
Top Colleges For PhD Economics
Below in the table, candidates can find best colleges for PhD in Economics along with the course fee. Candidates can check and select accordingly.
The candidates can check the list of some of India's best colleges for PhD physics. Candidates can also check the PhD Entrance Exams through which one can join these colleges.
| Institutes | Location | Annual Fees |
|---|---|---|
| IIT Kanpur - Indian Institute of Technology - [IITK] | Kanpur | 64,050 |
| National Post Graduate College | Lucknow | 10,000 |
| Indian Institute of Technology | Indore | 3 Lacs |
| Loyola College | Chennai | 3.55 Lacs |
| IFMR - Institute for Financial Management and Research | Chittoor | 75,000 |
| Meenakshi College For Women | Chennai | 50,000 |
Why PhD Economics?
Ph.D. in Economics generally covers macroeconomics and microeconomics. However, that is a beneficial degree in case you need to get a profession in coaching/Teaching or officially learning financial subjects. Once the Research Topic is authorized and the oral examination passed, the very last years of enrollment are committed in the direction of the research, writing, and protection of a dissertation.
Many college students are inquisitive about pursuing better research on this difficulty. A Ph.D. diploma have to handiest be taken if someone has enough hobbies in research-orientated works. Mostly the PhDs are taken through candidates that are involved withinside the Academics discipline. This may also bring about higher knowledge of the unique discipline or difficulty in a higher manner.
This should contain admissions in prestigious establishments and placements in blue-chip companies. Students might be capable of recognize a huge variety of theoretical debates in economics and enterprise, examine financial issues and examine the consequences for financial coverage and enterprise planning & approach after finishing Ph.D. in Economics path
Assistant Professor Job after PhD in Economics
Candidates with PhD in Economics can apply for assistant professor jobs. A few ways to get the Assistant Professor Job are as follows:
1. NET (National Eligibility Test)
NET, known as UGC NET, is conducted by NTA twice a year. It selects the candidates for the lectureship eligibility and also JRF. Any candidate with a master's degree with at least 55% marks can apply for this exam. After qualifying for this exam, one can apply for assistant professor jobs all over the country.
2. GATE (Graduate Aptitude Test in Engineering)
The Graduate Aptitude Test is an All-India competitive examination conducted by the GATE Committee, which comprises faculty members from IISc, Bangalore, and the seven IIT’s.
You can use the GATE score to enroll in Ph.D. and, after completing and submitting your thesis, you can apply for a professor/lecturer post in IITs or NITs.
3. SLET (State Level Eligibility Test)
Just like UGC NET which is a National level exam, SLET is a state-level assessment that is also conducted by the National Testing Agency. After you qualify for SLET, you will get qualified to apply and work with state-level schools and colleges.
4. CSIR NET
CSIR NET is also a national-level examination, executed by the National Testing Agency. The test is conducted for the field of science including Life Sciences, Physical Sciences, Chemical Sciences, Mathematical Sciences, and Earth Sciences.
Job Profile And Career Options in PhD Economics
With the ever changing economy, economics candidates have abundance of career options to choose from. They are reputed jobs and pay very handsomely. Some of them are given below with the expected salary.
| Job Role | Average Salary |
|---|---|
| Lecturer/Professor | 2,95,000 |
| Banker | 4,67,000 |
| Economists | 4,50,000 |
| Public Relations Officer | 2,40,000 |
| Political Scientists | 4,66,000 |
Admission Process For Ph.D. Economics
There are so many different ways to apply for PhD Economics course. Some of them are given below:
- Candidates can either apply via clearing exams like UGC NET, SET, SLET etc.
- Candidates can also apply for the entrance exams organized by different institutions.
- Candidates who have cleared UGC NET or like exams can directly appear for the interview.
- Some universities also offer a Ph.D. Economics is based on the candidates' marks in their masters.
Also check,
- Assistant Professor Jobs
- Assistant professor vs Associate professor
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