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PhD in Economics
The department offers a PhD program in seven academic disciplines (Economics, Literature, Linguistics, Philosophy, Policy, Psychology, and Sociology). The PhD program consists of both full time and part-time students.
Who can apply?
Eligibility: M.A./M.Sc (2 years)/M.Com/M.B.A/M.Phil or B.Tech/BE/B.Sc Engg. (4 years) or M.Tech/ME/MS Research (2-3 years)/M.D/ D.M./M.S/M.DS
Minimum qualifications: 60% marks or 6.00 CGPA on a 10-point scale and qualified GATE/ CSIR/ UGC-NET or JRF/ICAR/ICMR/ DST - INSPIRE Fellowship (check the prospectus of the current admission cycle for details about the exemptions and clarifications.)
Application process: Eligible candidates can apply for the programme at PG Admission Portal .
PhD under UQ-IITD Academy of Research (UQIDAR)
The University of Queensland (UQ), a top 50 global university, and the Indian Institute of Technology Delhi (IITD), an Institute of Eminence, have joined forces to create a joint PhD program that will allow scholars to deliver global impact.
All successful UQIDAR PhD applicants will be offered a scholarship to enable students to focus on their research.
Read more: https://uqidar.org/
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Economic Sciences
Indian Institute of Technology Kanpur
Doctor of Philosophy (Ph.D.) Program
With an ever-increasing emphasis on a technology-driven economy, interdisciplinary economic research has become the key to global economic prosperity. IIT Kanpur’s Department of Economic Sciences – the first among all IITs – is a pioneer in economic research, teaching and outreach activities. With its rigorously trained and proficient faculty, the department is fast emerging as a prominent center for India's economic research.
The Ph.D. program in Economic Sciences was introduced at IIT Kanpur in 1974, in the Department of Humanities and Social Sciences, IIT Kanpur. Students in our program do research in various economics areas, including microeconomics, macroeconomics, econometrics, development economics, health economics, and financial economics. Our department provides intense training both in theoretical economics and in applied and empirical economics. The Ph.D. program is primarily designed for students interested in pursuing a career in teaching and research within academia. It is also useful for students interested in certain positions within governments, research organizations, or private businesses.
Course Structure:
- Five-years program, with a set of courses and high-quality research opportunities.
- The first year consists of two-semester coursework, followed by a comprehensive examination.
- After the first year, students devote most of their time to their own research under the supervision of faculty advisors.
The two-semester Ph. D. coursework will consist of compulsory courses in the following fields:
- Advanced Microeconomics.
- Advanced Macroeconomics.
- Quantitative Methods.
- Econometrics.
Moreover, the students will be asked to choose a set of elective courses. In recent years, the following elective courses have been offered:
- Applied Econometrics
- Bayesian Econometrics
- Contract Theory
- Development Economics
- Efficiency and Productivity Analysis
- Financial Econometrics
- Foundations of Finance
- Game Theory
- Labour Economics
- Law and Economics
- Mathematical Analysis for Economics
- Monetary Economics
- Topics in Economic Growth
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IIM Bangalore's PhD program in Economics is widely recognized for its academic excellence. As a part of the PhD program, the Economics area offers a wide range of courses that are of international standards, helping students build a strong foundation in research and teaching.
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I am Muneer Kalliyil. My research interests include the Economics of Education and Development Economics in general. My current research investigates some crucial and topical issues in education economics. Currently, I am working on various factors affecting the establishment and positioning of new private schools in India. Through this project, I am trying to answer various questions such as how the private schooling market responds to existing government schools and private schools, and whether the timing of private school entry is linked to that of big infrastructure development projects
I am a doctoral student in the Economics area. My research interests lie at the intersection of behavioural and development economics, with a special focus on education outcomes. I am currently working on how civil conflicts affect education outcomes and how post-conflict reconciliatory pogrammes can address the negative impacts of conflict
I study the decision to invest in human capital. I take the case of organisations and propose a flexible approach to measure the inefficiency in one of the human capital assets of an organization, which is its management
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Satarupa Mitra | Understanding Behavior in the context of Development: Risk, Nudges, and Identity‘ | 2024 |
Banantika Datta | Essays on the Role of Bilateral Agreements in Services Trade and Migration | 2024 |
Tanya Jain | Role of Policies and Institutions in Spurring Innovation: Evidence from India | 2024 |
Rahul Rao | Essays on Misallocation | 2024 |
Anand Kumar | Essays in Education Economics: Role of Identities Behavioral Traits, and Conflicts | 2024 |
Garima Chaklader | Servicification of Manufacturing Industries | 2023 |
Subhasree Sarkar | Health Care Access and Demand: Role of Health Insurance and Health Services Trade | 2022 |
Abhishek Naresh | Essays on Labour Markets, Business Cycles and Monetary Policy in India | 2021 |
Manu Bansal | Essays on Indian Agricultural Exports Effect of Rural Roads and Geography Related Intellectual Property Rights on Agricultural Exports in India | 2021 |
Rahul Singh | Essays in International Trade in Post Liberalization India | 2020 |
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Chetan Vikas Chitre | Use of Technology in School Education: Evaluation of Technology use in Rural Government schools in Karnataka | 2019 |
Ankita Dash | To be or not to be in Global Value Chains - Sectoral Analysis of GVCs in India | 2019 |
Kartik Yadav | Examining Diverse Concerns in Indian Education | 2019 |
Kalpana Tokas | New Age' Preferential Trade Agreements (PTAs): Evolving Trends and Implications for Valued Added and Services Trade | 2019 |
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Shivali Sharma | Unlocking Opportunities: Exploring the Socioeconomic Dynamics of Market Access and Financial Inclusion |
Anand Kumar | Effect of Social Information on Competition Choice |
Muneer Kalliyil | Essays in Education Economics |
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Ph.D Economics Jobs, Scope, Salary in India
PhD Economics jobs for graduates are available at a variety of job-related consultancies, both public and private. These are some of the fields to which students can apply for jobs after PhD in Economics are coaching centers, economics consultancies, economics departments, home tuitions, museums, private tuitions, publishing houses, research and development agencies, and schools. Jobs for Economics PhD holders include Auditor, Stock Broker, Media Analyst, Actuarial, Lecturer or Professor, Banker, Economists, Geographer, Econometricians, Public Relations Officer, and Industrial Organization Economists.
Career Prospects and Job Scope for PhD Economics Course
The PhD in Economics course can prepare students for jobs after PhD in Economics in a variety of research and development agencies and schools. Research and development jobs in the field of Economics in India have a vast scope and are expected to increase rapidly. Graduates of the PhD Economics program acquire skills and qualifications that can be applied to their careers as economic scientists.
Following completion of a Doctorate of Philosophy in Economics program in India, students may choose from a variety of specializations, depending on their interests and abilities. PhD in Economics scope and salary in India vary depending on the education and experience of the students. A wide variety of career paths is available to graduates of the PhD program in Economics.Career after PhD in Economics are as follows:
- Political Scientists
- Financial Consultant
- Senior Research Scientist
- Assistant Professor
- Head of the Educational Department
- Senior Economist
- Senior Market Analyst
- Director of Research and Development
Areas of Recruitment for PhD Economics Course
There are many jobs after PhD in Economics that are available in both the public and private sectors. Graduates’ education and experience determine the scope of PhD in Economics and salary. The options available to students who are pursuing a PhD Economics degree are many.
Advances in economics consultancies have increased the scope after completing a PhD Economics course in recent years. The student will gain a great deal of consultancy experience and knowledge, which will help him or her gain a competitive salary. The following are some areas in which PhD in Economics are recruited:
- Coaching Centres
- Economics Consultancies
- Economics Department
- Home Tuitions
- Private Tuitions
- Publishing Houses
- Research and Development Agencies
- Applied Economics
- Econometrics
- Business Economics
- Banking and Finance
- Insurance Investment
- Manufacturing
- Advertising
- Communication
- Education and Research
- System Analysis
Salary Packages for PhD Economics Course
According to PayScale, PhD in Economics salary in India is INR 3-10 LPA. PhD Economics jobs salary is determined by education and experience. Graduates of the PhD Economics salary in India moderate compared to students with experience.
The following are the PhD Economics starting salaries in India with job designations:
Job Roles | Average Annual Salary |
Auditor | INR 4.87 LPA |
Stock Broker | INR 3.90 LPA |
Media Analyst | INR 3.05 LPA |
Actuarial | INR 1.00 MPA |
Lecturer | INR 3.52 LPA |
Source: PayScale
Government Jobs for PhD Economics Graduates
PhD graduates in Economics can choose from a wide variety of government jobs. Government jobs after PhD in Economics are bankers, Economists, geographers, Econometricians, Public Relations Officer, Industrial Organization Economists, Political Scientists, Consultants, Financial Consultants in economic consultancies, publishing houses, or PSUs.
PhD Economics graduates typically undergo a test followed by an interview when applying for government jobs. The PhD in Economics salary in India is around INR 2-10 LPA (Source: Ambitionbox). Below is a list of government jobs after PhD in Economics salary:
Job Roles | Average Annual Salary |
Banker | INR 2.84 LPA |
Economists | INR 1.88 LPA |
Geographer | INR 3.60 LPA |
Econometricians | INR 1.88 LPA |
Public Relations Officer | INR 4.17 LPA |
Source: AmbitionBox
Private Jobs for PhD Economics Graduates
Doctoral graduates in Economics can find employment in a variety of fields in the private sector. PhD in Economics jobs in India include Auditor, Stock Broker, Media Analyst, Actuarial, Lecturer or Professor, Banker, Economists, Geographer, Econometricians, Public Relations Officer, Industrial Organization Economists, Political Scientists, Consultant, Financial Consultant, Advisor, and Accountant.
After they have completed the course, students can continue their studies or begin careers. PhD in Economics salary in India ranges from INR 2-5 LPA (Source: PayScale). PhD in Economics salary and jobs for freshers in India are as follows:
Job Roles | Average Annual Salary |
Industrial Organization Economists | INR 7.71 LPA |
Political Scientists | INR 5.85 LPA |
Consultant | INR 1.17 MPA |
Financial Consultant | INR 6.28 LPA |
Advisor | INR 3.88 LPA |
Job Opportunities Abroad for PhD Economics Graduates
Students with a PhD in Economics can find employment abroad. The PhD Economics jobs salary is of interest to many students because they will learn numerous methods and techniques that can be applied to the Economics field abroad. Many graduates of top economic agencies are given the opportunity to work abroad. Graduating students working in the private sector will gain valuable experience and skills that will help advance their careers abroad.
PhD Economics graduates can obtain jobs abroad as Auditor, Stock Broker, Media Analyst, Actuarial, Lecturer or Professor, Banker, Economists, Geographer, Econometricians, Public Relations Officer, Industrial Organization Economists, Political Scientists, Consultant, Financial Consultant, Advisor, and Accountant.
Top Companies
Graduates of PhD Economics programs are hired by the following top companies:
- Future Group
- Goldman Sachs
- Grasim Honda Two Wheelers
- LTLT Engineering and Construction
- Mahindra Engineering
- Reliance Industries Limited
Best Countries
Here are some of the best countries that hire PhD Economics graduates:
- Netherlands
- Switzerland
Various Career Designations Abroad for PhD Economics Graduates
Graduates of PhD Economics programs can find the following positions abroad:
- Stock Broker
- Media Analyst
- Lecturer or Professor
- Econometricians
- Public Relations Officer
- Industrial Organization Economists
Best PhD Economics Graduates
Graduates of PhD programs in Economics have a wide range of career options. Political scientists interested in careers in the field will find the PhD course valuable. Students enrolled in doctorate PhD courses in Economics have increased in the past several years, while students enrolled in courses related to economics have decreased. PhD graduates in Economics in India are usually employed by economic consultancies or research institutes. The following is a list of some of the best graduates of PhD Economics programs:
- Abhijit Banerjee
- Amartya Sen
- Amiya Kumar Bagchi
- Ardeshir Darabshaw Shroff
- Arvind Panagariya
- Avinash Dixit
- Bibek Debroy
- C. Kumarappa
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Home > News & Articles > PhD in Economics: Courses, Syllabus, Top Colleges, Scope & Salary 2023
Imtikokba Jamir
Updated on 18th August, 2023 , 8 min read
PhD in Economics: Courses, Syllabus, Top Colleges, Scope & Salary 2023
The full form of PhD in Economics is Doctor of Philosophy in Economics. It is a 3–6 year doctoral course. A PhD in Economics typically focuses on developing expertise in economic theory, quantitative methods, research skills, and the ability to contribute original knowledge to the field through a doctoral dissertation.
The admission into this course is done after students clear an entrance exam, followed by a group discussion and personal interview. PhD in Economics entrance exam includes GATE, UGC NET, GRE, and JCECE.
The eligibility into PhD in Economics i s that a student must have earned at least 55% on their master's in economics or a related field from a recognized university.
PhD in Economics fees is INR 80,000 – 6 Lakhs. Some of the top PhD in Economics colleges are Banaras Hindu University , University of Delhi , Aligarh Muslim University and Amity University among others.
PhD in Economics syllabus includes topics on Agricultural Economics, Financial Economics, International Economics, and more.
PhD in Economics jobs include University Professor, Research Economist, Policy Analyst, Economic Consultant, Financial Economist, International Economist, Environmental Economist and Development Economist. PhD in Economics salary ranges from INR 8 – 20 LPA.
Some of the top recruiters for this course are Google, Microsoft, TATA, Infosys, Wipro, IBM, Amazon , Apple etc.
PhD in Economics: Course Highlights
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Course Name | PhD in Economics |
Course Level | Doctor of Philosophy |
Course Full Form | Doctor of Philosophy in Economics |
Course Duration | 3-6 Years |
Course Types | Full time/Distance Education |
Admission Process | Merit and Entrance Based |
Eligibility Criteria | Must have a qualifying master’s degree in economics, or a related field equivalent with minimum aggregate of 55% or higher. |
Course Fees | INR 80,000 – 6 Lakhs |
Top Colleges | , , and among others |
Average Salary in India | INR 8 – 20 LPA. |
Job Profiles | University Professor, Research Economist, Policy Analyst, Economic Consultant, Financial Economist, International Economist, Environmental Economist and Development Economist. |
Why Pursue PhD in Economics?
Pursuing a PhD in Economics can be a rewarding and intellectual pursuit for many reasons:
- Economics Competence: By earning a PhD in Economics, one can become proficient and knowledgeable in economic theory, quantitative methods, and empirical analysis.
- Knowledge Contribution : PhD in Economics candidates can contribute new perspectives and information to the field of economics as each dissertation is on a new topic.
- Research-Oriented Careers: A PhD is frequently required for positions in academia as university professors or researchers. It enables people to instruct and guide the upcoming generation of economists, as well as open doors to important organizations.
Why Should pursue PhD in Economics?
PhD in Economics is the perfect course for people who are passionate about economics and research. However, it might be a good fit for the following potential candidates:
- Dedicated to Economics: People are more likely to succeed in a Ph.D. program if they truly love economics, its theory, and its practical applications.
- People Who Are Research-Oriented: This field is best suited for those who take pleasure in studying, developing theories, and investigating economic issues through quantitative approaches.
- Long-Term Commitment: Earning a Ph.D. in Economics requires endurance and dedication over the course of several years. Candidates should be ready to put in the time and overcome the difficulties associated with conducting original research and writing a dissertation.
PhD in Economics: Course Duration
A PhD in Economics is a prestigious and advanced academic program that offers in-depth exploration and expertise in various aspects of economics, business, and related fields. This program is designed for individuals who aspire to make significant contributions to the field through original research, critical analysis, and scholarly inquiry. The course duration for a PhD in Economics in India typically ranges from 3 to 6 years, during which students engage in a comprehensive journey of learning, discovery, and intellectual growth.
PhD in Economics : Fees
PhD in Economics in India normally costs anywhere between INR 80,000 – 6 Lakhs . Depending on the university, college, and region, different PhD in Economics programs may have different costs. Given below is an overview of the fees for this course.
- Government Colleges/Universities: In comparison to private colleges, the cost of a PhD in Economics at government institutions is significantly lower. The annual fees for students in the general category might be anywhere from INR 50,000 – 2.5 Lakhs per year.
- Private Colleges/Universities: The fee in a private institution is generally higher and can also vary depending on the college's standing and location. The costs typically range from INR 80,000 - 40 Lakhs or more.
Note: Students in the reserved categories (SC/ST/OBC/EWS) may pay less in tuition or be eligible for fee exemptions or grants in both government and private institutions.
PhD in Economics : Top Colleges
Given below is a list of the top colleges that offer PhD in Economics in India along with their fees:
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| Indore | INR 3,00,000 |
| Kolkata | INR 2,00,000 |
| Chennai | INR 3,55,000 |
| Bangalore | INR 4,00,000 |
| Punjab | INR 2,49,500 |
| Chennai | INR 2,07,620 |
| Pune | INR 45,800 |
| Chittoor | INR 75,000 |
PhD in Economics: Admission Process
It is highly recommended that aspirants score well in their postgraduate examinations and prepare well for the entrance exam. Given below is an overview of the admission process for PhD in Economics:
- An aspirant should score more than 50-55% marks in their postgraduate examinations to be applicable for PhD in Commerce.
- Apply to the desired college through their official website or by physically visiting the institution and filling out the application form.
- Make sure to check the eligibility criteria and have all the required documents (10th and 12th Certificates, Undergraduate degree, Aadhar Card, Photographs, etc.) in hand.
- Once the form is complete, the candidate will be asked to pay a minimal amount of application fee.
- The University may conduct NET, DET, MAT, DAT CSIR-UGC NET, UGC NET, or any state/national level entrance exam that the candidate must clear.
- It is advised to check the website regularly for updates on the admit card, entrance exam, and entrance exam syllabus.
- Admit cards will be issued to all the eligible students which will have important information such as the date of the examination, examination center, and timings.
- The college/university will then publish lists according to their cutoff and seat availability.
- Some Universities may conduct a Group Discussion followed by a Personal Interview to filter potential students.
- If selected, a candidate should pay the course fee as soon as possible and attend the orientation/counseling organized by the college for further information.
PhD in Economics: Eligibility
- Candidates must have completed a postgraduate degree in Economics or a related degree from a recognized university listed under the UGC/AIU with a minimum aggregate of 55 percent and above.
- It is advantageous to the program if you have 4 years of relevant professional experience in either teaching or administration.
- Group Discussions and Personal Interviews will also be held at some reputable institutions and universities.
PhD in Economics: Entrance Exams
- IIM Ph.D. test
- JCECE (Jharkhand Combined Entrance Competitive Exam)
PhD in Economics: Entrance Exams Syllabus
PhD in Economics entrance exam syllabus may vary slightly depending on the college or university. However, here are some common topics that are usually included in the syllabus:
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Microeconomics | Consumer and producer theory General equilibrium theory Market structures (perfect competition, monopoly, oligopoly, etc.) Game theory Information economics Welfare economics |
Macroeconomics
| Aggregate demand and supply Economic growth Business cycles Monetary and fiscal policy Inflation and deflation International trade and finance |
Mathematical Economics | Calculus and differential equations Linear algebra Optimization techniques Static and dynamic optimization Dynamic programming |
Econometrics | Statistical methods for economics Regression analysis Time series analysis Panel data analysis Instrumental variables Maximum likelihood estimation |
International Economics
| Trade theories Balance of payments Exchange rates Trade policy and agreements International finance |
Public Economics | Public goods and externalities Taxation and government spending Welfare economics and social choice theory Public policy analysis |
Behavioral Economics
| Behavioral biases and decision-making Prospect theory Experimental economics |
Development Economics | Economic development theories Poverty and inequality Growth and development policies Role of institutions in development |
Labor Economics | Labor supply and demand Wage determination Human capital theory Unemployment Labor market policies |
PhD in Economics: Subjects
A PhD in Economics program typically offers a range of subjects and areas of specialization that can vary based on the university, faculty expertise, and research. Here are some common subjects and areas of specialization that one might find in a PhD in Economics program:
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Microeconomic Theory | Consumer Theory Producer Theory General Equilibrium Analysis Game Theory Information Economics Contract Theory |
Macroeconomic Theory | Economic Growth Business Cycles Monetary Economics Fiscal Policy Dynamic Stochastic General Equilibrium (DSGE) Models Intertemporal Choice and Consumption-Saving Models |
Mathematical Economics | Calculus Linear Algebra Real Analysis Optimization Techniques Dynamic Programming Differential Equations |
Econometrics | Linear Regression Time Series Analysis Panel Data Analysis Instrumental Variables Maximum Likelihood Estimation Nonparametric and Semiparametric Methods Bayesian Econometrics |
Research Methods | Research Design Quantitative and Qualitative Methods Survey Design and Data Collection Data Analysis Techniques Causal Inference |
PhD in Economics: Syllabus
PhD in Economics syllabus will vary from college to college; however, given below is an overview of the topics in each semester and year:
Year | |
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Microeconomic Theory I | Microeconomic Theory II |
Macroeconomic Theory I | Macroeconomic Theory II |
Mathematical Economics I | Mathematical Economics II |
Research Methods in Economics | Econometrics I |
Year | |
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Microeconomic Theory III | Elective Course 2 (Specialized Topic) |
Macroeconomic Theory III | Elective Course 3 (Methodology or Advanced Topic) |
Econometrics II | Dissertation Proposal Preparation |
Elective Course 1 (Specialized Topic) |
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Year | |
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Advanced Econometrics | Dissertation Research and Writing |
Elective Course 4 (Advanced Topic) | Teaching Assistantship or Teaching Practicum
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Dissertation Research and Writing |
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Year | |
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Dissertation Research and Writing | Dissertation Research and Writing |
Seminar in Research Presentation | Seminar in Research Presentation |
PhD in Economics: Recommended Books
Given below are the names of some recognised books along with their authors in the field of Economics that a candidate must read to gain further knowledge in the course:
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Microeconomic Theory | Andreu Mas-Colell, Michael D. Whinstone, and Jerry R. Green |
Intermediate Microeconomics: A Modern Approach | Hal R. Varian |
Macroeconomics | N. Gregory Mankiw |
Advanced Macroeconomics | David Romer |
Mathematics for Economists | Carl P. Simon and Lawrence Blume |
Advanced Mathematical Economics | Rakesh V. Vohra |
Econometric Analysis | William H. Greene |
Research Design: Qualitative, Quantitative, and Mixed Methods Approaches | John W. Creswell and J. David Creswell |
Designing Social Inquiry: Scientific Inference in Qualitative Research | Gary King, Robert O Keohane, and Sidney Verba |
Labor Economics | George J. Borjas |
Development Economics | Debraj Ray |
Introduction to Econometrics | James H. Stock and Mark W. Watson |
PhD in Economics: Jobs
A PhD in Economics opens a wide range of job opportunities in business and related fields. Given below is an overview of some of the key job roles that PhD in Economics graduates can explore:
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Lecturer/Professor | Teach, conduct research, and publish scholarly work in universities and colleges. |
Banker | Bankers assist in setting up certificates of deposit and opening a checking or savings account and many more such services. |
Economists | An economist researches and interprets trends related to goods, services, and resources. |
Geographer | A geographer uses qualitative and quantitative methods to gather and analyse data, synthesizing it into maps, reports, and other usable formats. |
Econometricians | Reaching agreements about research projects with internal or external clients. |
Public Relations Officer | Public relations (PR) provide support and understanding to the clients. |
Industrial organization economists | Industrial economists analyse savings, investments, and risk |
Political Scientists | Political scientists research the developmental and organizational aspects of political institutions, including government policies and patterns. |
PhD in Economics: Salary
PhD in Economics salary ranges from INR 8 – 20 LPA. This can vary widely based on factors such as job role, years of experience, geographical location, company size, and industry sector. Below is a general salary overview for some key job roles in holding a PhD in Economics:
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Lecturer/Professor | INR 3 – 25 LPA |
Banker | INR 4 – 50 LPA |
Economists | INR 3 – 20 LPA |
Geographer | INR 3 – 15 LPA |
Econometricians | INR 4 – 25 LPA |
Public Relations Officer | INR 2 – 30 LPA |
Industrial organization economists | INR 4 – 25 LPA |
Political Scientists | INR 3 – 35 LPA |
PhD in Economics: Top Recruiters
- Reserve Bank of India (RBI)
- Indian Council for Research on International Economic Relations (ICRIER)
- Ministry of Finance
- Ernst & Young
- Infosys
PhD in Economics: Scope
A PhD in Economics offers a wide range of opportunities across academia, research, government, international organizations, and various industries. With expertise in economic theory, data analysis, and policy evaluation, PhD economists play a crucial role in shaping economic policies, influencing business strategies, and addressing societal challenges on local and global scales.
A PhD in Economics also provides a strong foundation for further education and advanced research. Graduates can pursue postdoctoral positions to delve deeper into specific research areas, collaborate with renowned economists, and publish groundbreaking research papers. Additionally, a PhD serves as a stepping stone for those interested in interdisciplinary studies, allowing them to explore fields such as public policy, social sciences, environmental economics, and more.
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Frequently Asked Questions
What is a ph.d. in economics.
The highest academic degree available in economics is a Ph.D., which emphasizes advanced study and specialized understanding in economic theory, policy analysis, and empirical research.
How long does it take to complete a Ph.D. in Economics?
A Ph.D. in Economics normally takes between three and five years to complete, depending on the university and the student's progress.
What are the eligibility criteria for a Ph.D. in Economics?
Candidates often require a master's degree in economics or a closely related discipline, as well as a strong academic record. Additionally, exceptional applicants with a bachelor's degree might be accepted by some colleges.
What entrance exams are required for Ph.D. in Economics admissions?
Common entrance exams include the UGC NET in Economics, GATE (Economics), JNU Entrance Exam, and the ISI Admission Test.
What is the scope of a Ph.D. in Economics?
A Ph.D. in Economics can lead to employment in academia, research facilities, economic consulting firms, governmental organizations, and international organizations, among other professional pathways.
Can international students apply for Ph.D. in Economics programs in India?
Yes, a lot of Indian institutes accept applications from students from other countries. They might also need you to take tests like the TOEFL or IELTS to prove your English competence.
What is the average stipend or financial support for Ph.D. students in Economics?
Universities offer different financial assistance and stipends. To help Ph.D. students in their studies, several schools provide research assistantships, scholarships, or teaching assistantships.
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Ph.D Jobs: Jobs, Scope, Careers, Government Jobs
Ahana Bhaduri
Content Writer
As per All India Survey of Higher Education (AISHE) report from 2019, the number of PhD degrees awarded has increased by 60% in the last five years. The total admission increased from 1,24,451 to 2,02,5520 in 2019-20. It was also revealed that more than 2.02 lakh students enrolled for PhD programs.
PhD also known as Doctor of Philosophy is one of the highest degrees awarded to a candidate who wants to pursue a career in research related fields. The duration of the course is usually 3 - 6 years. In order to get admission for any PhD courses , candidates must possess a masters degree in any discipline. However, it is advisable that the candidate must pursue a doctorate according to the course pursued in Masters.
PhD Admissions are usually done on the basis of entrance exams such as CSIR UGC NET, IIT JAM, NPAT amongst the top of them. Candidates willing to pursue PhD in Engineering courses have to clear the GATE exam . Candidates can also choose the specialization in which they want to conduct research according to their interest and knowledge.
Post completion of a PhD course, there are many opportunities open to the candidates in both the sectors private as well as government. Candidates can land a high paying job depending on their specialization such as Research Scientist, Associate professor, Economists, Historians, etc. Candidates can expect a starting salary of INR 6 LPA. The highest salary can go up depending upon the experience, knowledge, skills etc.
Table of Content
- Jobs After Phd
2.1 Private Jobs
2.2 Government Jobs
- Jobs for Phd Freshers
Ph.D Jobs: Specialization wise
4.1 Ph.D Jobs : computer Science
4.2 Ph.D jobs : Chemistry
4.3 Ph.D Jobs: Legal Studies
4.4 Ph.D Jobs : Economics
Ph.D Jobs in India
- Ph.D: Salary
Getting a Doctorate degree within the chosen area of specialization opens many doors for the candidates in terms of job opportunities. Over the period of time, the opportunities have become very vast. PhD graduates decide whether they want to go for a start-up, gain experience and return to academics where their knowledge and skills can be put to use in an excellent way. Tabulated below are some of the top job profiles of Ph.D along with salary package,
Job Profile | Description | Average Annual Salary |
---|---|---|
Scientific Writer | A Scientific Writer is one who researches and analyzes the report on news and trends in the field of science. These scientific writers can be employed in investigation, scientific journals, write and publish articles, press releases, website content etc. | 7.53 L |
Associate Professors are one who are employed at universities/colleges and are responsible for teaching students and providing them with study material and notes. | 4.00 L | |
Research Assistant | A Research Assistant is responsible for conducting research studies on a certain topic and collects all relevant study material related to it. | 3.10 L |
Chief Research Manager | A Chief Research Manager is responsible for supervising research projects, tracking the progress of those projects, and suggesting new methods and findings within the research. | 10.00 L |
A Lecturer is a Ph.D. holding educator who is responsible for guiding the students on subject matters and through their project research. | 7.8 L | |
Senior Consultant | A Senior Consultant leads certain projects and client meetings while working on a product and its development. | 14.10 L |
Research Associate | A Research Associate is responsible for collecting and analyzing research data and presenting them in a report for further evaluation. | 3.80 L |
Jobs After Ph.D: Sector Wise
Ph.D. holders are not only employed in the private sector but also the public sector. Post getting a doctorate degree, candidates have multiple areas to explore such as chemical or pharmaceutical companies, oil and gas industry, research industry, NGOs etc. The salary structure also varies in both private as well as government sectors. Discussed below are some of the top job profiles in Private as well as public sector ,
Jobs After Ph.D: Private Jobs
Jobs in the private sector are dependent on the specialization. PHd candidates can get multiple opportunities in the private sector as they are employed in almost all the sectors but their recruitment depends on which area they have their specialization. Some of the top recruiters in the private sector are Deloitte, Infosys, Google, Microsoft , private universities etc. The average salary is around INR 6.20 LPA. Some of the top job profiles are listed below for your reference,
Job Profile | Description | Average Annual Salary |
---|---|---|
Professor | A Professor teaches students at the college/university level and provides them study material and guidance through their project work. | 7.8 L |
Corporate Lawyer | Corporate Lawyers are responsible for checking the legality of commercial transactions and represent their clients in court. | 6.7 L |
Computer Engineer | A Computer Engineer is responsible for the maintenance and management of computers and computer-related softwares ensuring data security. | 2.4 L |
Jobs After Ph.D: Government Jobs
There are a plethora of opportunities in the government sector for PhD candidates and the salary structure is also high as compared to the private sector. Candidates can be employed in Hindustan Petroleum, GAIL, SAIL, government universities, Defense Research and Development Organizations etc. The average salary of a PhD candidate in the government sector is around INR 6.50 LPA. Tabulated below are some of the top job profiles in India in government sector,
Job Profile | Description | Average Annual Salary |
---|---|---|
Professor | A Professor is responsible for teaching students at the college/university level and providing them study material and guidance through their project work. | 7.8 L |
Public Prosecutor | Public prosecutors are responsible for acting in public interest and act on behalf of the state to carry out justice against a criminal sanction while keeping in mind the rights of the individual. | 6.5 L |
Researcher | A Researcher is responsible for collecting and analyzing data related to a certain topic and note down these findings in a well drafted research paper. | 3.10 L |
Computer Engineer | A Computer Engineer is responsible for the maintenance and management of computers and computer-related softwares ensuring data security. | 2.4 L |
Jobs After Phd for Freshers
Candidates can be employed even while pursuing Phd or post completing PhD from a respectable college. The job opportunities are very wide and stretched. Candidates after completing PhD can be employed as scientific writer, Assistant Manager, Research Assistant etc. Candidates can also work in research and Development organizations who look for fresh PhD candidates. The salary is comparatively higher in Industrial Research and development. The starting salary of a PhD Candidate is around INR 6.50 LPA. Some of the top job profiles in India are listed below for your reference,
Job Profile | Average Annual Salary |
---|---|
Assistant Professor | 4.00 L |
Research Assistant | 3.10 L |
Computer Engineer | 2.40 L |
Legal Assistant | 3.96 L |
Consultant | 8.00 L |
Research Scientist | 7.56 L |
Senior Writer | 12.69 L |
Jobs for PhD candidates also depend on Specialization in which the candidates have completed their research and doctorate degree. PhD offers many specializations that have different job profiles such as PhD in Management, PhD in Arts, PhD in Engineering, PhD medical, PhD legal studies etc. Let's discuss the job profiles based on specialization,
Ph.D Computer Science Jobs
PhD in Computer Science is a 3 year doctorate program in computer science and its application. This course studies Research methodology, Data mining, machine learning, rough set theory etc. PhD in computer science have many job opportunities to offer such as software Engineer, Application Developer, Application Analyst and many more. Some of the top profiles in Computer Science are mentioned below,
Job Profile | Average Annual Salary |
---|---|
Professor | 6.38 L |
5.20 L | |
5.00 L | |
2.86 L |
PhD Chemistry Jobs
PhD Chemistry is a 3 year doctorate program providing detailed academic study and research. This program can be stretched to 6 years. This course will give candidates detailed knowledge about different principles of thermodynamics, advanced levels of organic and inorganic chemistry, etc. Candidates have multiple opportunities to explore such as in chemical research centers, industries, forensic labs, food packaging, processing firms etc. Some of the top PhD Chemistry profiles are tabulated below.
Job Profile | Average Annual Salary |
---|---|
Chemical Researcher | 6.90 L |
Junior Scientist | 8.70 L |
Forensic Chemist | 5.40 L |
Medical technologist | 4.28 L |
PhD Legal Studies Jobs
PhD in legal Studies is a 3 year doctorate program which can be extended for a period up to 6 years. This course basically involves research and theoretical approach to law in India. They are further classified on the type of law which can be chosen according to the interest of the candidate. This course offers wide opportunities in the private as well as public sector including litigation, Judiciary, lectureship etc. Some of the top profiles are provided below for your reference.
Job Profile | Average Annual Salary |
---|---|
Professor | 6.66 L |
Corporate Lawyer | 6.70 L |
Public Prosecutor | 6.50 L |
Legal Consultant | 7.00 L |
Ph.D Economics Jobs
PhD in Economics is a 3 to 5 year doctorate program that the candidate can pursue after post graduation. The major areas covered in this program are Agricultural economics, Financial economics, business economics, banking economics etc. Some of the top recruiters hiring PhD economics candidates are Bank of India, Bharat petroleum, Goldman sachs, etc.
Job Profile | Average Annual Salary |
---|---|
Banker | 2.90 L |
Professor | 3.80 L |
Economists | 7.17 L |
Financial Managers | 11.01 L |
Ph.D. offers many job opportunities in India in both the public and private sector. Candidates have multiple opportunities to explore. Most of the PhD candidates go for lectureship or in research and development facilities, litigation, Scientific research etc. Some of the top Profiles are discussed below for your reference,
Job Profile | Average Annual Salary |
---|---|
Assistant Professor | 4.00 L |
Associate Professor | 7.80 L |
Research Manager | 10.00 L |
Banker | 2.90 L |
Historian | 11.79 L |
Economist | 7.17 L |
Nutritionist | 3.80 L |
Lawyer | 6.70 L |
Consultant | 8.00 L |
Ph.D Jobs: Salary
According to Glassdoor, the average salary of a PhD candidate is around INR 6.80 L. The Starting salary is around INR 6 LPA while the highest can go up to INR 30 LPA. The salary also depends on the area of specialization which might vary as some of the most high paying Phd are legal, Economics, biotechnology, etc. Some of the top profiles are mentioned below for your reference.
Job Role | Average Annual Salary |
---|---|
Assistant Professor | 4.00 L |
Associate Professor | 7.80 L |
Research Assistant | 3.10 L |
Research Manager | 9.80 L |
Banker | 8.20 L |
Financial Manager | 10.23 L |
Economist | 7.17 L |
Historian | 5.50 L |
Computer Engineer | 6.51 L |
Lawyer | 4.45 L |
Ph.D Jobs: FAQs
Ques. What is Ph.D?
Ans. A Ph.D is a doctoral research degree that might take 4-5 years to complete and is awarded to those candidates who have conducted successful research in their field. This is referred to as the highest academic degree.
Ques. What are the career prospects of Ph.D ?
Ans. There are career options after Ph.D:
- Associate Professor
- Guest Lecturer
- Assistant Researcher
Ques. What are the skills required to become a Ph.D. graduate?
Ans. The skills required to become a Ph.D. graduate are:
- Attention to detail
- Self-management
- Analysis and problem-solving
- Information Management
Ques. Who are the top recruiters for Ph.D graduates?
Ans. Some of the top recruiters for Ph.D graduates are:
- Colleges/Universities
- Research institutes
- Inter-school
- Government Jobs
Ques. Is there any internship required to become a Professor?
Ans. No, there is no internship required to become a Professor.
Ques. Can a student with Ph.D. in Economics become an IAS Officer ?
Ans. Yes, students from any background can aspire to become an IAS Officer irrespective of their stream.
Ques. Can one pursue Ph.D from distance learning?
Ans. Yes almost every college in India provides Ph.D from distance learning.
Ques. What is the highest salary of a Ph.D. graduate?
Ans. The highest salary of a Ph.D. graduate can be around INR 24-26 LPA.
Ques. What do professors do?
Ans. A professor is responsible for:
- Teaching college/university students
- Disseminating study material
- Guiding students through their project work
- Conducting research work
Ques. What is the highest salary of a Researcher?
Ans. The highest salary of a Researcher in India is around INR 20 LPA.
Ph.D. : 43 answered questions
Ques. are master's degrees from ignou acceptable for admission into ph.d courses in top universities.
● Top Answer By Anumita Mukharjee on 28 Apr 22
Ques. Is a Phd from IGNOU worth it/valuable?
● Top Answer By Srabani Guha on 24 Jul 23
Ques. How is the Direct PhD program of IIT Madras?
● Top Answer By Arati Sinha on 29 Mar 23
Ques. What is the value of a Ph.D. degree from IIT Bombay?
● Top Answer By Karuna Nair on 13 Mar 23
Ques. Why do some students in IIT Bombay leave high-paying jobs and join grad schools for PhD?
● Top Answer By Advait Joshi on 23 Mar 23
Ques. What is the placement scenario after PhD in IIT Bombay?
● Top Answer By Advait Joshi on 17 Mar 23
Ques. Is a PhD from IGNOU valid?
● Top Answer By Pankaj Kumar on 18 Oct 22
Ques. What is the placement record of MSc applied statistics students of IIT Bombay?
● Top Answer By Poornima Sahoo on 18 Mar 23
Ques. How difficult is it to get a PhD from IISc Bangalore?
● Top Answer By Bidita Ghose on 14 Jul 23
Ques. How good is doing a PhD in BITS Pilani compared to IITs?
● Top Answer By Advait Joshi on 27 Jun 23
Ph.D. (Chemistry)
Ph.d. (physics), ph.d. (mathematics), ph.d. (biotechnology), ph.d. (zoology), ph.d. (psychology), ph.d. (business management), ph.d. (management studies), master of science [ms], ph.d. (computer science), ph.d. colleges in india.
IIM Mumbai - Indian Institute of Management
IIMV - Indian Institute of Management
Post Graduate Institute of Medical Education & Research - [PGIMER]
IIM Sambalpur
IIM Sirmaur
University Business School, Panjab University - [UBS]
PSG Institute of Management - [PSGIM]
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PhD Position Global Health Behaviors and Development Economics
Introduction.
Erasmus School of Health Policy & Management (ESHPM) is investing in three themes: Planetary Health, Sustainable Workforce, and Global Health. Through these initiatives, ESHPM is at the forefront of shaping healthcare policy and management, innovating for a sustainable future in healthcare.
With this PhD opportunity in Global Health, ESHPM is specifically expanding in the areas of behavioral field experiments and econometric work on health & nutrition behaviors in low and middle-income countries. A second PhD opportunity links to our comparative focus in international health care systems.
Job description
This PhD will contribute evidence on the intricate link between health or nutrition behaviors and health outcomes among vulnerable groups using field experimental and econometric approaches. The PhD student will be partly embedded in ongoing joint projects with researchers at Stellenbosch University, South Africa. South Africa is an interesting study country due to – on the one hand – persistent economic inequality, high rates of unemployment among vulnerable groups, as well as various social protection schemes, and – on the other hand – poor anthropometric status, nutritional deficiencies, as well as widespread infectious diseases such as tuberculosis (TB). The article-based PhD will primarily focus on South Africa using both primary and secondary data. One focus is on analyzing the effects of interventions including social grants and food support schemes on both health and nutrition behaviors as well as health outcomes.
Part of the project situates itself within the emerging field of behavioral subsidies/social protection and health outcomes in the context of vulnerable TB patients and their families. TB is a prime and often preventable cause of death in South Africa. An important fraction of TB patients suffers from poor nutritional/anthropometric status, struggles with medication adherence and lives in poverty. South Africa is also known for relatively generous social and disability grants. The project will explore the interactions of TB patients with the social protection system of South Africa. While first topics and projects have been identified, there is also plenty of room to co-develop further projects in the larger field of health, nutrition/anthropometrics and economic development including in neighboring countries.
Job requirements
We are looking for a PhD researcher with the following profile and interests:
- Master’s degree in economics and closely related quantitative fields with some expertise in development or health economics
- Excellent applied econometric (e.g. impact evaluation) and related programming skills (e.g. STATA, R-Cran)
- A basic understanding of field experiments and behavioral approaches
- Experience with original data collection in field settings is a plus (e.g. surveys, field experiments). Specific field experience in South Africa is a further plus.
- Excellent communications and English skills
- Intellectual openness and strong soft skills for working within interdisciplinary and multicultural teams
- A passion for tackling important health problems facing vulnerable groups
- Willingness to spend time on the design of experiments and taking part in original data collection
The intention for this PhD recruit is to be based in the Netherlands with longer research stays in South Africa. There is an intention to develop and co-supervise this project jointly with collaborators at Stellenbosch University. There is also an intention to work with global health researchers at Erasmus School of Economics.
Employment conditions and benefits
ESHPM PhDs primarily work on their research project. There is also time for personal development (e.g. courses, conferences) and up to 15% of time may be allocated to teaching.
We offer an internationally oriented and varied job in our enthusiastic Global Health and Health Economics team with excellent working conditions in accordance with the Collective Labour Agreement for Dutch Universities (CAO-NU). The start date of this position is in the Academic Year 2024/2025 and will be based at the Erasmus School of Health Policy & Management (ESHPM). This position is full-time. The contract is entered into for the duration of 18 months with the intention of extending to a total of four years. The salary ranges from a minimum of € 2.770 to a maximum of € 3.539 gross per month Scale PhD on a fulltime basis (38 hours) in accordance with the CAO-NU.
Everything else we offer you, you can find below!
- Everything you need for a good work-life balance : the option to work from home in consultation with your manager, 41 days of paid leave with a 40 hour contract, 8% holiday pay and an 8.3% end-of-year bonus, and a significant discount on a subscription for our on-campus sports centre !
- Sustainable, inclusive and diverse work environment with an open culture, where you can be yourself and we pay attention to each other and to the world around us. Make the most of our bicycle budget, or join networks such as Young@EUR , FAME or QuEUR.
- Time and space for your development in the broadest sense: development days and a personal career budget , foreign exchange opportunities with most costs paid by EUR, and free access to our university library .
- Good pension with ABP that EUR contributes 2/3rds towards, discounts on various collective insurances with Zilveren Kruis Achmea, Loyalis, and Allianz, and compensation for travel, working from home and home internet use.
- Are you currently combining your job with parenthood, or do you want to do so in the future? EUR offers partially paid parental leave and fully paid additional birth leave for partners , and our campus features a daycare .
- Moving to the Netherlands for your job with EUR? Then you may be eligible for the 30%-ruling if you meet the requirements of the Belastingdienst (Dutch tax agency), and with our Dual Career Programme we will also try to help your partner find the right job for them.
Erasmus University Rotterdam (EUR) is an internationally oriented university with a strong social orientation in its education and research, as expressed in our mission ‘Creating positive societal impact’. EUR is home to 4.100 academics and professionals and almost 33.000 students from more than 140 countries. Everything we do, we do under the credo The Erasmian Way – Making Minds Matter. We’re global citizens, connecting, entrepreneurial, open-minded, and socially involved. These Erasmian Values function as our internal compass and create EUR’s distinctive and recognizable profile. From these values, with a broad perspective and with an eye for diversity, different backgrounds and opinions, our employees work closely together to solve societal challenges from the dynamic and cosmopolitan city of Rotterdam. Thanks to the high quality and positive societal impact of our research and education, EUR can compete with the top European universities. www.eur.nl .
Faculty / Institute / Central service
Faculty Erasmus School of Health Policy & Management (ESHPM) is a leading institute based in Rotterdam the Netherlands, specialising in healthcare policy and management across disciplines like economics, law, socio-medical sciences, organisation science, and public administration. ESHPM educates about 1,600 students and employs around 200 faculty members.
Global Health Theme: The position is part of ESHPM’s new Globa Health theme. The theme's purpose is to offer rigorous evidence, impact policies and equitably work with partners and communities around the world to reduce health inequalities. To this end, the new theme aims to connect research groups within ESHPM (such as Health Economics, Health Care Governance, Health Systems & Insurance, Law & Health Care, Health Technology Assessment) and researchers and policy stakeholders around the world to tackle important global health issues of societal relevance. The primary research focus in the coming years is around Global Health Behaviors & Field Experiments, as well as International Health Care Systems.
The PhD researcher will be embedded within the new Global Health Theme (led by Associate Professors Matthias Rieger and Igna Bonfrer) as well as the Health Economics (HE) department. There is an intention to develop this proposal together with a co-supervisor at Stellenbosch University and work towards a joint or double PhD.
The Health Economics group is home to about 40 researchers from various backgrounds and disciplines (economics, psychology, health sciences). Focus areas include global health economics, behavioral and experimental health economics, health equity & financing, economic valuation.
The PhD researcher will also benefit from Erasmus University’s vibrant Rotterdam Global Health Initiative which links ESHPM with Erasmus School of Economics, Erasmus Medical Center and the International Institute of Social Studies.
Please submit your application, consisting of a CV and motivation letter, before the vacancy closing date. Make sure to mention your own research interests in the field of health, nutrition and economic development in the motivation letter.
We look forward to receiving your application.
Persons of all gender identities or expressions, sexual orientations, religions, ethnicities, ages, neurodiversities, functional impairments, citizenships, or any other aspect are welcome to apply and join the EUR community.
Please do not send emails and submit your application solely through the application system. Emails will not get answered. Only for urgent or important requests on the job, you should contact the prospective primary supervisor Dr. Matthias Rieger ( [email protected] ). The interviews will take place in September/October.
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India needs to nearly double its female labour force participation rate to 70% by 2047 to add USD 14 trillion to the economy, according to a report by The/Nudge Institute. Despite progress, women faced significant job insecurity and limited opportunities. Urgent action is required to address economic, social, and cultural barriers to achieve this target.
E-commerce has significantly reshaped India's economic landscape, generating approximately 16 million jobs across various roles such as marketing, management, customer service, warehousing ...
Around a dozen lifestyle, grocery retailers, and quick-service restaurants cut about 26,000 jobs in FY24. This decline followed a slowdown in store expansions amid weakening consumer demand. Leading this staff reduction were Reliance Industries' retail arm and other major retailers. Still, some retailers, such as Shoppers Stop, continued to expand.
Job description. This PhD will contribute evidence on the intricate link between health or nutrition behaviors and health outcomes among vulnerable groups using field experimental and econometric approaches. The PhD student will be partly embedded in ongoing joint projects with researchers at Stellenbosch University, South Africa.