PhD in Economics Admission 2024-25, Total Students Placed, Steps to Check Result, Ranking In India And World

PhD in Economics About

A PhD program in Economics is a research-focused degree program that prepares students to become experts in the field of economics. The program typically takes 4-6 years to complete and requires students to complete advanced coursework in economic theory, quantitative methods, and research methods.

The curriculum is designed to provide students with a deep understanding of economic theory and its applications, as well as the skills necessary to conduct independent research. In addition to coursework, students are typically required to complete a dissertation, which is a substantial piece of original research on a topic of their choosing.

Students in a PhD program in Economics may specialize in a particular area of economics, such as macroeconomics, microeconomics, econometrics, labor economics, international economics, or development economics.

Graduates of a PhD program in Economics are well-prepared for academic positions in universities and research institutions, as well as for positions in government agencies, international organizations, and private sector firms. They may work as researchers, policy analysts, consultants, or in other related roles.

PhD in Economics Highlights

PhD in Economics Entrance Exam

GATE

UGC NET

CSIR NET

JEST

PhD in Economics Eligibility Criteria

PhD in Economics can be completed in three to four years duration. Here are some points related to PhD in Economics eligibility: 

1. The candidate should have done their MA/MSc in Economics with a specialization or MPhil in Economics from a recognized University.
2. Aspirants should have secured a minimum of 60% aggregate to get admission to PhD in Economics.
3. Graduates can also pursue professional courses such as Chartered Accountancy, Company Secretary, CMA, CFA, LLB, etc after studying Economics.

PhD in Economics Duration

A PhD program in Economics typically takes 4-6 years to complete. The first 2-3 years are spent completing coursework and preparing for comprehensive exams. After passing the comprehensive exams, students typically spend the remaining years conducting research and writing their dissertations.

PhD in Economics Selection Criteria

Admissions committees for PhD programs in Economics consider a range of factors when evaluating applicants, including academic record, test scores, research experience, letters of recommendation, and statement of purpose. Some programs may also conduct interviews with applicants.

PhD in Economics How to Apply

Prospective applicants should check the specific application requirements and procedures for each PhD program in Economics they are interested in applying to. In general, applicants will need to submit transcripts from all previous academic institutions, GRE scores, letters of recommendation, a statement of purpose, and a writing sample. Some programs may also require a resume/CV and a research proposal.

Applications are typically submitted online through the university's admissions portal. Deadlines for applications can vary, so it is important to check the specific deadlines for each program.

PhD in Economics Application Process

The application form for a PhD program in Economics can typically be found on the website of the university offering the program. Applicants will need to fill out the form with their personal information, academic background, test scores, and other required materials. The application process usually involves submitting transcripts from all previous academic institutions, GRE scores, letters of recommendation, a statement of purpose, and a writing sample.

PhD in Economics Application Fee

Syllabus of PhD Program in Economics

The syllabus for a PhD program in Economics typically includes coursework in microeconomics, macroeconomics, econometrics, and research methods. Students may also take courses in specialized areas such as labor economics, international economics, and development economics. In addition to coursework, students will be required to complete a dissertation, which involves original research in a particular area of economics.

PhD Program in Economics Job Scope

PhD Program in Economics Career Opportunities

Career opportunities for graduates of a PhD program in Economics include:

1. Bharat Petroleum Corporation Limited
2. Grasim Honda Two-Wheelers
3. Microsoft
4. Mahindra Engineering
5. Cognizant 
6. Reliance Industries Limited
7. JCB
8. Future Group
9. Bank of India, Bharat forge
10. BSNL
11. Flipkart 
12. Infosys
13. Reliance
14. Tata Power

PhD in Economics Top Colleges

Some of the top colleges offering PhD programs in Economics include:

Admission Process for PhD in Economics

1. Application for the entrance exam 
2. Result declaration
3. Entrance pass scholar calling for the interview and document verification
4. Provisional registration for pre Ph.D. course work classes
5. Coursework classes shall be attended as scheduled by the University
6. Course work examination
7. Result declaration of coursework
8. Submission of synopsis ( 2 spiral bound copies with soft copy of synopsis)
9. Departmental research committee meeting scheduled by the University
10. A registration letter shall be issued
11. Research work started by scholar
12. 6 progress reports shall be submitted
13. Soft copy thesis submit
14. plagiarism report check by the university
15. Finally after the plagiarism report soft copy thesis shall be sent to experts for evaluation
16. After the consent of experts pre-submission, one set spiral binding shall be submitted
17. After the successful presentation of the pre-submission thesis, 3 copies of hard bound thesis shall be  submitted
18. Viva shall be conducted as scheduled by the University, Degree Awarded.

Document Required for PhD in Economics

• Documents (10th onwards)
• Aadhar Card/Pan Card, Caste Certificate
• Migration Certificate (Original)
• NOC (From Organization/ Institute/ University)
• Affidavit (undertaking)
• Guide Willing
• Assignments
• Synopsis (3 copies), Progress Report
• Library No Dues
• Lab Letter
• Thesis Hard copy (Spiral binding)
• No Dues, Thesis (6 hard copies)
• Affidavit -Submission (on Rs 100 Stamp and Notary Attested)
• C.D Soft copies (Thesis & Synopsis)
• Conference Certificate - 2
• Research Papers -2 (with ISSN No.)
• summary (page limit 20-30) -3 Copies 
• Plagiarism Report Below 10%

FAQs About Ph.D. Program 

Q.1 - What is the procedure for Ph.D. Admission to the University?

ANSWER: - The Ph.D. and M.Phil. programs of prestigious Universities are conducted and guided strictly as per the provisions and regulations dictated by the UGC (Minimum Standards and Procedure for Award of Ph.D./M.Phil. Degrees) (1st Amendment) Regulations, 2018 and subsequent amendments. The entire procedure for admission to the research programs encompasses a Research Entrance Exam (RET) and then an Interview/Viva Voce. The performance of a candidate in the RET is given 70% weightage, and the remaining 30% weightage is given to his/her performance at the Interview.

Q.2 - What are the modes of pursuing M.Phil. & Ph.D. programs at the University?

ANSWER: -Both the full-time and part-time modes are available at University for pursuing its Ph.D. programs and only the full-time mode is available for M.Phil. program in the desired subjects/fields. These highly-qualitative and prolific research programs are available in a rather broad range of fields/subjects. At University, the minimum time duration of the M.Phil. and Ph.D. programs is 1.5 Years and 3 Years, respectively, in general.

Q.3 - Are the Ph.D. and M.Phil. Degrees granted by any University valid abroad?

ANSWER: -Yes, of course. If the University is properly recognized under section 2(f) of the UGC Act of 1956 and is a prestigious member of the AIU (the Association of Indian Universities). It is an M.Phil. and Ph.D. degrees granted in various fields/subjects are duly valid across India and the world.

Q.4 - What are the main eligibility criteria for participating in the University Research Entrance Exam (RET)?

ANSWER: -The following are the main eligibility conditions for participating in the RET: - A rigorous Master’s Degree in the proposed subject/field obtained from any recognized university/institution located in India or abroad, with a minimum 55% marks in aggregate or an equivalent grade. Candidates belonging to SC/ST/OBC/Differently-abled categories are given a 5% relaxation in respect of this eligibility criterion. Candidates with an M.Phil. degree in the proposed field/subject, or have qualified for the UGC (JRF) Examinations/ NET/ SET/ SELT, etc., will be allowed to appear directly for the interview, without appearing in the RET. Impressive academic records, and any prior experience in research work, will be given additional advantages.

Q.5 - What relaxations are granted to the reserved categories for Ph.D. Admission to the University?

ANSWER: - Candidates belonging to the categories of SC/ST/OBC (Non-Creamy layer)/Differently-Abled, and so on, are given all relaxations prescribed by the Govt. of India and the UGC. These relaxations are provided in form of 5% reduced marks for them at post-graduation, and also in the minimum qualifying marks at RET. Thus, candidates belonging to these categories only need to score a minimum of 45% marks at RET, to qualify for the final interview.

Q.6 - How will be the pattern of RET?

ANSWER: - The syllabus or pattern of RET consists of subject-specific matters, research methodology, and aptitude (covering logical reasoning, numerical ability, analytical reasoning, statistics, etc.).Thus, RET will contain a total of 70 multiple-choice questions (MCQs).

Q.7 - Are M.Phil. Holders/UGC- NET (including JRF)/ UGC-CSIR NET (including JRF)/ SLET/ GATE exempted from appearing at RET?

ANSWER: - Yes. The holders of M.Phil. degrees in their respective fields/subjects are made exempt from appearing in RET. The same is the situation in cases of aspiring candidates who have qualified exams like UGC-NET (including JRF)/ UGC-CSIR NET (including JRF)/ SLET/ GATE, etc.

Q.8 - How is the application fee paid?

ANSWER: - The Application Fee (i.e. the fee for getting participated in RET) can be paid online or offline, like the Application Form. Payment Modes: DD (in Favor of the University) / NEFT/ Cash Deposit.

Q.9 - Do working candidates require to obtain NOC from employers for pursuing research at any University?

ANSWER: - Yes, necessarily. Working Professionals who are interested in research at any University are required to obtain the NOC (No Objection Certificate) from their respective employers, in order to avert any intrusion ever during the entire doctoral course.

Q.10 - Does an M.Phil. holder require to undergo Ph.D. coursework?

ANSWER: - Yes. M.Phil. holders are again required to undergo the coursework in Ph.D. at some Universities. However, their prior knowledge in the field/subject will be very supportive to them for learning and performing efficiently during the Ph.D. program.

Q.11 - Can I pay the yearly program/course fee in installments?

ANSWER: - Yes, you can pay the yearly course fee as many as in two installments, but well within the yearly session.

Q.12 - Does Any University provide any scholarship or stipend to pursuing scholars?

ANSWER: - Yes, of course. Many Universities offer scholarships as well as stipends to meritorious and talented candidates who undertake research studies at the University. Scholarships are granted to those candidates who come under the top 21 by scoring higher marks in RET and interviews. And, stipends are provided to those scholars who also give lectures to UG or PG students at the University, in addition to doing their Ph.D. coursework. The amount of the monthly stipend will be commensurate with the candidate’s qualifications and capabilities and may go up to Rs. 20,000.

Q.13 - What other many facilities are provided to research scholars at the University Campus?

ANSWER: - All necessary and constructive resources, amenities, and facilities are offered by well-established and prestigious universities to research scholars in various streams/subjects. These facilities include the following - spacious and peaceful study rooms, erudite and well-experienced academicians and research experts, Wi-Fi and diverse IT devices, state-of-the-art laboratories, well-stocked libraries, lavish R&D amenities, separate amenities for lodging and foods for male and female candidates, peaceful and constructive environment within the university campus, and many other comforting and convenient facilities and services.