Top 20 colleges for MSc Economics in India

Top 20 colleges for MSc Economics in India is about educational institutions offering Master of Science in Economics, also known as MSc Economics.

Students of MSc Economics not only learn theory but also apply Mathematics and Statistics formulas to analyses various issues concerned with Economics like inflation, investment trends and bring out reports that can be used by policy makers for implementing policies with regards to economic affairs.

Economics becomes more relatable because it is everywhere around us. It builds up an individual in a way that they can make well-informed decisions. Economics helps you in understanding the financial structure along with understanding the business.

If you are a student who has taken up Commerce/Economics in their in their graduation, you must consider taking Economics at post graduation.

Not only the subject is educative but also the career after completing Economics at post graduation is great. On that note, let us discuss the top 20 colleges for MSc Economics in India.

The purpose behind this story on Top 20 colleges for MSc Economics in India is to help students make a right choice when it comes to choosing a college for studying the subject.

The list of Top 20 colleges for MSc Economics in India are given below for the sake of students:

1. Indian Statistical Institute (West Bengal)

This institute is based in Kolkata of West Bengal which has been recognised as institute of national importance in 1959.

This institution grew out of Statistical Laboratory set up Prasanta Chandra Mahalanobis in Presidency College in Kolkata in 1931.

The course offered here is Master of Science in Quantitative Economics (MS QE or MSc QE).

This is a two-year advanced programme in Economics and its applications, with special emphasis on quantitative methods.

On successful completion of the programme, a student will be able to pursue an academic career in Economics or take up responsible positions in various private and public sector organisations.

It is offered simultaneously at Kolkata and Delhi.

Candidates willing to apply for this course must have passed their bachelors degree and should have passed plus-two with one of the subjects as maths.

The Central Library of ISI is located at Kolkata with a network extending to other locations of the Institute. Over the years, the library has attained the distinction of being one of the richest libraries of the country, particularly in the field of Statistics and related disciplines. The Central Library at Kolkata has over 2,00,000 volumes of books and journals besides many official reports, reprints, maps, microfilms and microfiches.

Needless to say, this is one of the Top 20 colleges for MSc Economics in India.

Website to know more is ‘https://www.isical.ac.in/’

2. IIT Kharagpur (West Bengal)

Department of Humanities and Social Sciences at IIT Kharagpur offers MSc Economics course. This is a five year integrated programme.

The department came into existence with the very inception of IIT Kharagpur in 1951.

Its objective was to provide value-based liberal education to budding scientists and engineers so that they can become professionals with a difference to understand the social realities.

This department houses many disciplines and one of them is economics.

The Department takes up projects and consultancies from public and private agencies to address the challenges they face and provides solutions.

In keeping with its multidisciplinary character, it carries out research in diverse and emerging areas of human interest and social concern.

The motto of IIT Kharagpur is “Yogah Karmasu Kaushalam”. This literally translates to “Excellence in action is Yoga”, essentially implying that doing your work well is (true) yoga.

The Institute aligns all its activities to serve national interest and seeks to provide broad-based education, helping students hone their professional skills and acquire the best-in-class capabilities in their respective disciplines.

It also seeks to draw the best expertise in science, technology, management and law so as to equip students with the skills to visualize, synthesize and execute projects.

This is also one of the top 20 colleges for MSc Economics in India.

The website to know more is ‘http://www.iitkgp.ac.in/department/HS;jsessionid=584BEE34D504AC0861C4738D54C36519’

3. Symbiosis School of Economics (Maharashtra)

This institution offers MSc Economics course and students aspiring to study it must be hold a bachelors degree in any discipline with knowledge in Economics/Maths/Statistics/Physics can apply.

Even engineering graduates – BE or BTech can also apply for the course.

Post application, candidates have to attend a Personal Interaction (PI) and Written Ability Test (WAT).

During PI session, faculty members and subject matter experts will interact with applicant to test his knowledge in economics, econometrics and maths and statistics.

WAT requires applicants to write an essay on any topic of relevance. This aims to test the writing ability of the candidates.

Final selection will be based on the performance in PI and WAT.

Incepted in 2008, SSE is a bright, young, vigorous and growing institution, with a demonstrable record of success.

This very niche institute seeks to develop intellectual discipline, critical and analytical assessment, which will result in rational thinking, along with an understanding of the need for constrained optimization, and a strong urge to strive towards achieving equilibrium.

Higher education is critical to successful economic development and quality of life. SSE offers Undergraduate and Graduate (international norm) or Undergraduate to Postgraduate programs in Economics within which students develop the intellectual and professional competencies for successful life and work, leadership.

Needless to say this is also among the top 20 colleges for MSc Economics in India.

The website to know more is ‘https://www.sse.ac.in/msc-application-procedure’

4. Tamil Nadu Agricultural University (Tamil Nadu)

TNAU has its genesis from establishment of an Agricultural School at Saidapet in Chennai as early as 1868, Chennai was then known as Madras.

In 1920 it was affiliated to Madras University.

TNAU assumed full responsibilities of agricultural education and research and supported the State Agricultural Department by delivering research products.

Till 1946, the Agricultural College and Research Institute, Coimbatore, was the only Institute for Agricultural Education for the whole of South India.

In 1958, it was recognized as a Post-graduate Centre leading to Masters and Doctoral degrees.

The Agricultural College and Research Institute, Madurai was established in 1965.

These two colleges formed the nucleus of the Tamil Nadu Agricultural University while it was established in 1971.

This institution offers MSc in Agricultural Economics.

Being an abode to highly qualified faculty and excellent amenities for students, this college becomes one among the top 20 colleges for MSc Economics in India. The learning atmosphere is very ideal and the curriculum taught to students is updated at regular intervals. The motive is to ensure students learn the latest in the courses offered there.

5. Indira Gandhi Institute of Development Research (Maharashtra)

This is also among the noted institutions based in Mumbai that offers MSc in Economics.

This is a two-year programme, which imparts students with a rigorous and hands-on training in Economics, with special emphasis on analytical and problem solving skills as well as exposure to emerging policy issues at the national and international levels.

This programme involves a successful completion of either 16 courses or 15 courses and a Master’s thesis.

It is aimed at all those with necessary quantitative prerequisites who would like to be grounded in economic analysis.

Minimum qualification for admission to M.Sc. Economics is a pass in BA Economics at bachelors level.

Even candidates who passed B.Sc. in Economics or BSc in Physics or Mathematics can apply.

Even BE/BTech candidates who passed with second division in Economics are also welcome to apply for the course.

The applicant must have studied mathematics at the higher secondary or plus-two level.

Needless to say, this institution is also among the top 20 colleges for MSc Economics in India.

The library of the Institute aims to be a leading research library in the fields of development studies, development economics, energy and environmental studies, general economics and Indian economy. It also aims to build a comprehensive collection of back volumes of journals in the field of Economics and related areas.

The aims and objectives of the Institute are to promote and conduct research on developmental issues from a broad inter- disciplinary perspective (economic, technological, social, political and ecological). It aspires to gain insights into the process of development and alternative policy options and to further disseminate the knowledge acquired.

The website to know more is ‘http://www.igidr.ac.in/academic-programmes/m-sc/’

6. Narsee Monjee Institute of Management Studies (Mumbai)

This institute began in a humble manner in 1981 only went on to become a name to reckon with in the field of higher education.

Always socially conscious, the Shri Vile Parle Kelavani Mandal (SVKM) made the decision to cater to the rising demand of management institutes in the country.

This led to the birth of the Narsee Monjee Institute of Management Studies (NMIMS).

NMIMS has built a strong rapport across streams and courses for being one of the top colleges of India.

Of course, MSc Economics is also one of their best subjects in which they offer worthy placement opportunities to their students.

They train their students in the field like no one else. Their NIRF ranking is 24. NMIMS is a very reputed college of Mumbai and getting an admission in this college is really worthy by all means.

Also read ‘Know everything about MSc Economics course and how to go about studying it‘

It began humbly by offering two-year full-time master’s programme in management studies with 4 full time faculty, 3162 books and an intake of 40 students above Bhaidas Hall, Vile Parle (West), Mumbai.

From its temporary location at Bhaidas auditorium, NMIMS moved to a large complex of over 5,50,000 sq feet where it stands today as a landmark in the heart of Mumbai at Vile Parle, an affluent suburb of the city.

Built on this inspiring legacy, today, NMIMS stands proud as a Deemed to be University offering multiple disciplines across multiple campuses.

One of the course is MSc in Economics which is of a two year duration.

Needless to say, this institution is also among the top 20 colleges for MSc Economics in India.

The website to know more is ‘https://www.nmims.edu/postgraduate-economics’

7. Shiv Nadar University (Greater Noida)

The Department of Economics at the university offers MSc in Economics.

The course is of two year duration and the students admitted will receive training within a healthy research environment, supported by faculty members who are working at the forefront of research in their respective fields.

The curriculum imparts a theoretical foundation with strong emphasis on applications and hence a solid grounding in quantitative methods and econometrics.

The admitted students receive rigorous training in tools of economics analysis that enable them to contribute creatively to academia, the corporate sector, the social sector and policy making.

Students who have a bachelor’s degree in any discipline with at least 55% pass marks can apply. Prior economics training is not required.

Needless to say this is also among the top 20 colleges for MSc Economics in India.

The website to know more is ‘https://economics.snu.edu.in/graduate/masters/msc-in-economics’

8. IIT Roorkee (Uttarakand)

The department of Humanities offers the course of MSc Economics and is of great value.

Candidates willing to join this course here have to pass JAM exam which is conducted by IITs or IISC taking turns.

Candidates who pass JAM have to attend counselling session where they can choose the institute and also the course offered by it.

The vision of IIT Roorkee is To attain global level of excellence in education and to create a sustainable and equitable society through innovative research in science and technology.

And mission of it is to create an environment that shall foster the growth of intellectually capable, innovative and entrepreneurial professionals, who shall contribute to the growth of science and technology in partnership with industry and develop and harness it for the welfare of the nation and mankind.

This is also one among the top 20 colleges for MSc Economics in India.

The website to know more is ‘https://www.iitr.ac.in/’

9. Teri School of Advanced Studies (New Delhi)

The programme is being offered here since 2009.

The quality of students, their performance, cent percent placement and the expertise of the faculties make it one of the flagship programmes offered by the Department of Policy Studies.

The syllabus for the programme is frequently revised by bringing in updating the curriculum and introducing hands-on- practical session with the software packages like STATA and R as well as case studies and examples from policy making domains making domains.

The curriculum is regularly evaluated by its stakeholders, peers, alumni and employers.

The faculties are involved in active research with funded projects from SANDEE, DST and several other agencies who regularly publish in the leading journals across the spectrum of economics.

The programme also has a has received consistent appreciation from the students.

Many of its alumnus have joined PhD programme in prestigious universities in India and abroad.

This is also top 20 colleges for MSc Economics in India.

The website to know more is ‘https://www.terisas.ac.in/msc-economics.php’

10. BITS Pilani – K.K. Birla Goa Campus (Goa)

The institute is also a known name in the field of higher education.

This institution also offers MSc in Economics.

These are integrated degree programmes without any intermediate B.Sc. degree.

While these programmes ensure the required science component in any comparable postgraduate science degrees of other universities, they also incorporate many courses which have been notionally considered to be the domain of engineers.

The integrated nature of the programme and their analytical and engineering science contents give the students an added professional character and equip students with the skills and problem solving abilities to participate usefully in industrial jobs.

While a capable student with a 10+2 background may be able to complete these programmes in four years, students with a 10+2+3 background with a B.Sc. degree, admitted on advanced standing basis will require two to three years to finish the programme.

One of the unique features of BITS Pilani is the flexibility it offers its students.

Students can opt for Dual Degrees, transfers and the courses that form a programme.

Needless to say, this is one of the top 20 colleges for MSc Economics in India.

The website to know more is ‘https://www.bits-pilani.ac.in/goa/’

11. St. Xaviers College (Kolkata)

This is one of the oldest educational institutions of India.

St. Xaviers College is a 161 year old institution with rich heritage and long tradition.

As a Jesuit Higher Educational Institution, it aims to form men and women for others, with fundamental human and spiritual values.

The tiny seed has grown into a mighty tree from 83 students in 1860 to 8,635 students in January 2019.

The College functions in three shifts : morning, day and evening, offering UG and PG courses in Humanities, Science, Education, Commerce and Business Administration.

This is also one among the top 20 colleges for MSc Economics in India.

Website ‘https://www.sxccal.edu/’

12. IIT Delhi (New Delhi)

IIT Delhi is among those educational institutions that does not need any introduction.

The name and fame of this institution has crossed the boundaries of this nation long ago.

Department of Humanities and Social Sciences offers MSc in Economics which is a two year duration course.

Students who have a bachelors degree in BA/BSc/B.Com/B.Stat./B.Math./B.Tech/B.E. or equivalent) can apply.

The applicants have to pass Joint Admission Test for Masters (JAM) with a good score to get admission into this course.

Needless to say this is also among the top 20 colleges for MSc Economics in India.

Website ‘https://hss.iitd.ac.in/course/advanced-econometrics’

13. Amity University (Kolkata)

Amity University Kolkata is yet another landmark project by Amity to revolutionize the Indian higher education Sector by providing globally benchmarked, research and employment oriented education.

The institution is known for its industry oriented academic programmes with flexible credit system, combining technical education with liberal arts.

The institution offers Economics at post graduate level as MSc Economics.

The eligibility to apply for MSc Economics is a bachelors degree in BA Honours in Economics or BSc Economics with a minimum pass percentage of 55% in Economics.

This institution is also one among the Top 20 colleges for MSc Economics in India.

Website ‘https://www.amity.edu/Kolkata/course-list.aspx?fd=Economics&Programs=Graduate’

14. IIT Roorkee

The department of Humanities and Social Sciences at IIT Roorkee offers MS in Economics.

Various important topics related to economics like sources of economic growth, nature of international trade, supply and demand analysis of trade and tariffs will be told as a part of the course.

The academic activities of the institute are spread over three campuses – 365 acres campus at Roorkee, 25 acres campus at Saharanpur and 10 acres campus of Greater Noida Extension Centre at Greater Noida.

The Institute offers several undergraduate programmes leading to Bachelor’s degree in different disciplines of engineering, technology and architecture, Integrated dual-degree programmes, Integrated Masters programmes in different disciplines of engineering and sciences and postgraduate programmes in specialised areas leading to Master’s degree in technology, architecture, sciences and management.

In addition, the Institute is engaged in advanced level research and offers doctoral and postdoctoral programmes in the areas of cutting edge technologies and sciences.

Needless to say, this is also among the top 20 colleges for MSc Economics in India.

Website ‘https://www.iitr.ac.in/’

15. Xavier University (Bhubaneswar)

There is no dearth of institutions that offer high quality education. This institution is also one among them.

Candidates willing to pursue MSc Economics at this institution have to pass bachelors degree in any discipline from a recognised university with at least 55 percent pass marks.

The candidates who are from non-economics background must have passed maths with 60 percent pass marks in plus-two level.

The selection of eligible candidates will be based on performance in an entrance test OR an interview.

Candidates will be tested on the basis of their knowledge of Mathematics, Statistics, Microeconomics, and Macroeconomics at a level commensurate with the UGC CBCS syllabus of B.A./B.Sc. Economics program.

This is also one among the top 20 colleges for MSc Economics in India.

Website ‘https://soe.xim.edu.in/’

16. NIMS University (Jaipur)

NIMS School of Humanities and Social Science offers MSc in Economics.

The course is of two year duration and candidates who have completed their bachelors degree with economics as main subject or subsidiary subject can apply for the course.

Nims University Rajasthan, Jaipur, One of the Leading Universities in India and a Largest self-financed university in Rajasthan, is structured as a composite model university.

A legendary in quality teaching and action oriented research in all disciplines, the University is located in a sprawling campus, surrounded by the Aravali hills and in one of the country’s most picturesque cities, Jaipur, the Nims University stands tall in Aravali hills along the Jaipur-Delhi Highway, boasting of its State-of-the-Art infrastructure.

This is also one among the top 20 colleges for MSc Economics in India.

Website ‘https://nimsuniversity.org/’

17. Guru Jambheshwar University of Science and Technology (HISAR)

The talk about study of MSc Economics will not be complete without the mention of this institution.

Highly qualified faculty and world class facilities and an ideal teaching atmosphere make this institution one among the top 20 colleges for MSc Economics in India.

The Department of Economics was established in 2018 to impart education to the students of graduate and post graduate level in economics and carry out cutting edge research in the areas relevant for local, state, national and international level.

This is the department that offers MSc in Economics.

The course content of the courses is designed keeping in requirement of applied aspect of learning of economic tools and models with requisite blende of conceptual rigor, mathematical modeling, computing and data processing proficiency, with the active involvement of prominent economists, policy makers and industry professionals.

Website ‘http://www.gjust.ac.in/department/eco/eco.html’

18. North Eastern Hill University (Shillong)

Department of Economics offers the course at post graduation level as MA Economics and MSc Economics.

Established in 1974, the Department of Economics is one of the oldest and largest Departments of the university.

Department is known for its vibrant academic culture created and sustained by the combination of experienced and young faculty and the opportunity of working in a multicultural environment, an explicit teaching methodology primarily grounded on the imperative of balancing economic theory and practice and the provision of teaching and research on different subjects in economics calibrated and qualified by contemporariness, relevance and requirements of the students and the North Eastern Region of India.

The vision of the department is to emerge as the leading centre of teaching, research, extension and policy on matters of economic and regional economic development in South and South East Asia in the context the current Act East Policy without being oblivious of its core mandate of neighbourhood research.

There is no dearth of courses here. Programmes from various streams are offered here. Biotechnology, Biochemistry, Anthropology, Geography are among the courses offered here.

Website ‘https://nehu.ac.in/department/display/Economics-Department’

19. MIT World Peace University (Pune)

School of Economics at this institution offers MSc in Economics.

The course duration is two years and is designed to equip students with the knowledge, tools, methods and theories of Economics in a way such that they can apply them in practice.

It will be of a total of 6 trimesters containing 94 credits. The aim of the programme is to help students to critically and objectively analyze issues related to the economy, business, public policy, and society.

The programme blends economic theory with its empirical application in a balanced way to enhance the understanding of economic policies at the national and international level.

The programme focuses on Microeconomics, Macroeconomics, Advanced Econometrics, Derivative and Risk Analysis, Labour Economics, Health Economics and Green Economics.

MIT Group of Institutions has grown exponentially and has made a strong impact in the field of education throughout the country.

MIT Group also provides education in the fields of Engineering, Medicine, Pharmacy, Marine Engineering, Insurance, Distance Education, Telecom Management, Lighting, Design, Food and Technology, Retail Management, Masters in Business Administration, School of Government and School Education.

Website ‘https://economics.mitwpu.edu.in/#_ga=2.58992813.1421258200.1629883246-1661648525.1629883246’

20. RIMT University (Gobindgarh)

The School of Economics at this university offers MSc Economics.

The school aims to develop professional competencies in students through quality education by providing a professional environment and nurture students with a high level of knowledge and competence to effectively contribute to ever growing demand of Economics professionals.

The two years programme in M.Sc Economics is designed to equip students with the knowledge, tools, methods and theories of economics in a way such that they can apply them in practice.

The eligibility for applying for MSc Economics is a pass in BA Hons or BSc Hons in Economics with at least 50 percent pass marks.

The applicant must also have passed mathematics as one of the subject at plus-two or graduate level.

Website ‘https://rimt.ac.in/school-of-economics/m-sc-economics-2/’

Conclusion (Top 20 colleges for MSc Economics in India)

The above are Top 20 colleges for MSc Economics in India and getting a seat in them can be no easy task.

Couple of these Top 20 colleges for MSc Economics in India admit students on merit based system where the candidates are shortlisted for the course based on their marks in the qualifying exam.

And some others these in Top 20 colleges for MSc Economics in India admit on entrance test system. Students in these system have to first write an entrance test and get a good score.

Post entrance test, they will be called for a personal interview or a personal interaction. Final selection list will be prepared based on performance in interview or interaction and written test.

If the process involves writing a test before gaining an entry into these Top 20 colleges for MSc Economics in India, candidates have to get prepared for that.

Hard work to get a seat in these Top 20 colleges for MSc Economics in India is worth it, as a degree from these institutes brightens career prospects.

There is one more thing about these Top 20 colleges for MSc Economics in India and that is they are most spoken ones among the student circles of this country.

Many of these Top 20 colleges for MSc Economics in India are even popular across the globe for their academic achievements.

Students targeting these Top 20 colleges for MSc Economics in India for admission can visit the respective websites of these institution and familiarize themselves with the admission procedures.

Acquaintance with the procedures will help reducing the chances of rejection at a later stage. Applicants must also remember to provide all the required information while seeking admission in any one of these Top 20 colleges for MSc Economics in India.

Failure to provide the required information may result in rejection of the candidature for admission. Hard work will result in success.

S. Vishnu Sharma

S Vishnu Sharmaa now works with collegechalo.com in the news team. His work involves writing articles related to the education... (Full bio)