Pursuing Masters Degree as an Economics Major


 Economics refers to the study of the distribution, production, and consumption of goods. All the services that are sought post the output of eligible goods go under economics. Students are known to seek this subject at a higher rate. After social science and commerce, this is one of the most opted branches when it comes down to chasing stable career opportunities. 

Master in Economics or MA in economics is a 2-year postgraduate program and is quite a popular choice among all the students looking forward to pursuing a career in arts. For a degree in MA Economics Eligibility varies according to the educational qualification of a person.  

Relevancy of the course

With the most up-to-date economic ideas, students are thoroughly trained to deal with managerial and financial sectors and theoretical concepts. Several essential industries like public, business, and industry-related whereabouts are prioritized the most in Economics. With highly advanced technology and a variety of seminars, pieces of training, and internships, students get to experience a practical idea over here. Enroll yourself with the best economic program and book and create expertise in the analytical financial market and other latest ideas. 

Job Prospects and Career Options with An MA In Economics

There is a list of potential career prospects and options available for students pursuing their MA in economics. There are several fields in which one can go ahead with a postgraduate degree in Economics. The economic, corporate, banking, and commerce sectors have designations that are specifically meant for people with an economics degree. 

The pay scale of economic graduates and economic postgraduates has been known to take a hike in recent times. Some of the most looked-up designations with economics as a career prospect are Research Associate, Financial Analyst, Personal Finance Adviser, and Branch Manager, along with other assignments like Investment Banker and Corporate Analyst.

What Are the Potential Reasons to Take Up a Master’s Degree in Economics? 

Taking up a degree in Economics can be beneficial and enjoyable at the same time. With a solid understanding of the subject knowledge, students are known to practically learn the importance of good services and their resource utilization. Apart from this, a degree in economics can lead to higher-paying employment than any other degree. With a degree in MA Economics Eligibility for government and investing industries is also improved and enhanced. Let's take a deeper look at the same: 

  • A degree in MA economics opens the possibility of attaining a Ph.D. in the same department. 

  • With the charge of identifying ongoing structural developments and changes, a degree in economics is going to take you to places. Which in turn is going to ensure a sense of national and economic security. 

  • Cracking the Indian Economic Services is one of the most potent ways to secure a position.

  • There are significant chances for an economics major to land up in both commercial as well as government enterprises. This also enhances the versatility of career options.  

Essential eligibility criteria for pursuing an MA in economics

Depending upon the admission process of different universities and colleges, there are other eligibility criteria for attaining a degree in MA. A student must have earned the below-mentioned points to attain a MA Economics Eligibility. 

  • A degree of bachelor's in economics or any economics-related relevant study. 

  • A minimum mark of 50% at the graduation level. 

There are several entrance exams that are held once a year, and by taking part in these examinations, you can quickly get into a college of your choice. You have to, however, potentially qualify the criteria for admission into the same. 

Distance Learning Courses for MA Economics

Students eager to have a degree in MA can also go ahead and pursue the same with the help of distance learning courses. With an MA Economics Eligibility, you will also be allowed to take a distance degree in several universities as a form of distance course. Universities like IGNOU are known to avail you of the best distance courses along with other universities like Sri Venkateswara University, Karnataka, and Mumbai University. Any aspirants looking forward to pursuing a distance education in Economics can always consider the colleges mentioned above and universities. 

However, distance learning in Economics can take about a time period of 2 to 5 years to finish. And the fees range for the same can also vary from 3000 to 12000. The difference between an actual time learning course and a distance course doesn't make any difference when it comes down to finding a job in the government as well as the corporate sector. There are a lot of ways to earn money with an economics degree. 

Some of the top colleges for pursuing an economics degree in India are JNU, St Xavier’s College, Mumbai, Kristu Jayanti College and Mount Carmel College, Magadh Mahila College, and Christ College. Pune also has some of the top colleges when it comes down to pursuing a degree in Economics. Make the right choice and assure yourself of a stable future. 

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