economics phd salary: Doctorate PhD, Economics Salary in India


The average PhD stipend in Germany for these jobs is between 68,000 EUR to 80,000 EUR per year . All countries offer financial support to PhD students in their ways, but Germany takes doctoral research particularly seriously. German PhD funding takes numerous forms, reflecting the diverse ways you can complete a PhD in Germany. The PhD programs in the country are well structured and have a practice-oriented curriculum, giving students a chance to learn the subject from the grassroots level. “Internships for Women” brings amazing women employment opportunities, in the form of internship jobs for women, to help them restart their career.

economics phd salary

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Bhagwati is notable for his research in international trade and for his advocacy of free trade. Bhagwati was born in 1934, into a Gujarati family in the Bombay Presidency during the British Raj, and received a BA from Sydenham College, Mumbai. He then traveled to England to study at St. John’s College, Cambridge, receiving a second BA at Cambridge in 1956. He received the Ph.D. in Economics from the Massachusetts Institute of Technology in 1961 for a thesis titled “Essays in International Economics”, supervised by Charles P. Kindleberger. Amartya Kumar Sen, CH, FBA is an Indian economist and philosopher, who since 1972 has taught and worked in the United Kingdom and the United States. Sen has made contributions to welfare economics, social choice theory, economic and social justice, economic theories of famines, and indexes of the measure of well-being of citizens of developing countries.

Skills needed to become an Economist

Besides academic positions, students may pursue careers in government economics, think tanks, and private consultants. Lastly, an economics Ph.D. can lead to a job as a foreign monetary policy expert or even a college professor. Economists are professionals who study the demand and supply of resources, goods, and services by collecting and analyzing data, researching trends, and evaluating economic issues. Economists apply both qualitative and quantitative economic analysis to topics within a variety of fields, such as education, health, development, and the environment. Some economists study the cost of products, healthcare, or energy, while others examine employment levels, business cycles, exchange rates, taxes, inflation, or interest rates to calculate the national income of the country.

  • It is important to note that rankings can vary depending on the source and the criteria used, and that there are many other colleges and universities that offer excellent PhD programs in economics.
  • Many financial analysts work in the securities industry that analyzes bonds, stocks, and other securities .
  • The Delhi School of Economics, which comes under Delhi University, provides a comprehensive and analytical postgraduate program in economics.
  • Ultimately, students should choose a Ph.D. program in Business Economics that aligns with their research interests and career goals, and provides the resources, opportunities, and support to succeed in their field.
  • If we look at the economics phd salary statistics in India as of 1 March 2023, the represented employee makes ₹8,00,000; to be more precise pay rate is ₹66,666.67 per month, ₹15,384.62 per week, or ₹371.92 per hour.
  • The GOI appoints the Chief Economic Advisor who advises the Government on implementing financial strategies that foster growth.

The Ph.D. program has a high job-placement rate and offers students the chance to work on global priorities. Furthermore, if you don’t have much experience in academia, an internship in a corporate setting may be a good backup option. In order to pursue an economics Ph.D., you must be highly proficient in mathematics and have a proven interest in doing research in the field.

What is the Eligibility Criteria for Ph.D. in Business Economics

Economic analysis may provide insights into individual and group behaviour and interactions, allowing society to use scarce resources more efficiently. Economists address issues by evaluating and extrapolating data, forecasting trends, and researching why people and groups make specific decisions. The ultimate purpose of economics research is to improve people’s quality of living in their daily lives. A Master’s degree will assist you in being more conscious of how and why things work, as well as increase your own financial status. It will also assist you in comprehending economic trends and how that work leads to high-paying positions.

Using these techniques, they evaluate both present and historical trends to make forecasts, which is pivotal to businesses and organizations. Economists who work for large corporations collaborate with senior executives (managers and decision-makers) study industry data to understand how the present economy will affect the company’s operations. This makes entrepreneurship is a commendable career choice for Economics graduates.

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They may have information about the latest notifications and updates related to the program. Note that the exact eligibility criteria for a PhD in Economics can vary by university and program, so it is important to check with each institution for specific requirements. MSE admits two or three students every year for its doctoral programme, a third of what it can accommodate. Aggregate data on the number of students completing their PhD in Economics are not available. We expect you to have an understanding of blockchain technology and token economics in Gaming Industry. You should have a keen interest in gaming, sports, NFTs , digital collectibles, sports..

The second reason is there are numerous jobs for economics post-graduate in India waiting for the right individual in the marketplace through various industries. The educational requirement to be an economist, at the very least is a master/Ph.D. Candidates seeking employment as economists are required to hold an undergraduate or graduate degree in economics.


Other top schools with Ph.D. programs in Business Economics include Northwestern University, Kellogg School of Management, and New York University, Stern School of Business. When choosing a program, consider the faculty research interests, opportunities for interdisciplinary collaboration, funding, and job placement rates. It’s essential to visit the school, talk to current students and faculty, and ask questions to make an informed decision. University of California, Berkeley, Haas School of Business – This program offers a Ph.D. in Business Administration with a concentration in Business and Public Policy.

It seems like anything is possible when one has an economics phd salary background. Auditor, stockbroker, insurer, business manager, retail merchandiser, pricing analyst, statistician, financial consultant, and salesperson are additional common economics professions and roles. In addition to applying for higher education, interested candidates can also apply to change their field. For instance, they can pursue an LLB/MBA or even a BEd degree if they so choose. After completing their bachelor’s degree, students began working in one of the many private jobs available to Economics graduates.

Job Opportunities Abroad for PhD Economics Graduates

Post pandemic countries are restructuring their economy as the pandemic induced lockdown has stalled their growth. Typically, a Ph.D. in Business Economics can take 4-6 years to complete, depending on the program and the individual’s progress. The duration may also depend on factors such as research requirements, course load, and any other requirements of the program. These are just a few examples of books that can be useful for Ph.D. students in Business Economics. Other books may be recommended depending on the specific research interests of the student and the faculty at their institution. Requesting few changes in requirements CTC will begin from 3 lakhs and may range up to 4 lakhsThe additional subject coverage…

These are the best job profiles for which for can apply after completing your ma in economics. Other STEM major streams such as engineering and mathematics are harder than economics. However, economics subject is a harder subject because it is more specialized, requires greater critical thinking and analysis, and has more maths involved. Also, this career is not for those who don’t like math, since statistics, calculus and other advanced math subjects are used to perform economic analyses. Economists must also be detail-oriented and analytical, and they need excellent oral and written skills to explain and present their findings.

Salary of an Economist

Besides being a PhD student, one can intern at public and private organisations with an average stipend of 500 EUR/month (INR 39,848/month approximately). Get to know the application deadlines of all courses across universities. We are hiring on an ongoing basis and seek researchers at all levels from early-career faculty to Professors. To be economists one must be a 12th pass out from a recognized university.


An economics graduate has a sound understanding of the financial condition of an organization because they study complex data and provide the root cause of the problem. After a BA in economics, candidates can pursue MBA, MA economics, B.Ed. Or other courses as per their interest because a higher qualification opens the door for dream careers. Stanford University, Graduate School of Business – This program offers a Ph.D. in Business Economics and emphasizes the development of strong analytical and quantitative skills.

  • “The opportunity cost for a student with Masters Degree to pursue a PhD in economics is very high,” he added referring to Rs 6 lakh salary the PhD student would have earned for four years, if employed.
  • Other STEM major streams such as engineering and mathematics are harder than economics.
  • Economists are highly skilled in data sampling and survey techniques to collect data.

The majority of MA in Economics graduates choose to work as economists. These professionals are primarily concerned with resource demand and supply. Conducting and creating research in order to discover trends and aid the government, banks, and organisations is also part of their work. Economics graduates can opt for a career in Economics research wherein they would have to perform a range of duties such as gathering data, forecast market trends, study Economic and statistical data, etc. Researchers analyze data, conduct research on Economic issues, and prepare detailed reports highlighting the findings.

You can update your preferences and use relevant filters to find jobs in your preferred profile/location. Post-graduation in Economics+ the candidates should have cleared the Entrance test conducted by the respective university. Risk analysis companies who advice investors when to invest & exit the market for maximum returns hire them. The GOI appoints the Chief Economic Advisor who advises the Government on implementing financial strategies that foster growth.

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