Ph.D. in Economics - Make Your Mark as an Economic Visionary

Blog / August 10, 2023

phd in economicsPhd in Economics durationPhd in Economics eligibilityeligibility for phd in economicsPhD in Economics SalaryPhD in Economics in India

Have you just completed your post-graduation in economics and are willing to continue with your studies instead of coming into a job? Well, you have made a great choice, and Ph.D. in Economics is an ideal program for you to choose, making your mark as an economic visionary. 

The program empowers you to not only analyze the past and present but also to shape the future through innovative research and strategic policymaking, so if you aspire to become a trailblazing visionary, delve into the complex dynamics that shape global markets, financial systems, and socioeconomic landscapes. 

Ph.D. in Economics Duration

The duration of a Ph.D. program in Economics typically ranges from 3 to 5 years, depending on factors such as the university's structure, the student's research progress, and whether the student is pursuing the degree on a full-time or part-time basis. In many cases, the average duration is around 4 to 5 years.

Here's a breakdown of the general timeline for a Ph.D. in Economics in India:

• Coursework and Preparation (1-2 years):

  The initial phase involves coursework to build a strong foundation in economic theory, quantitative methods, and specialized areas of economics. This phase also includes refining research interests and identifying potential dissertation topics.

• Comprehensive Exams (end of 1st or 2nd year):

  After completing coursework, students often take comprehensive exams to demonstrate their mastery of core economic concepts and methodologies.

• Research and Dissertation Proposal (2nd to 3rd year):

  Students spend a significant portion of their time conducting original research, which culminates in a dissertation proposal. This phase involves literature review, data collection, and theoretical framework development.

• Dissertation Research and Writing (3rd to 5th year):

  The main focus of the program is independent research leading to the completion of the doctoral dissertation. This is a substantial piece of original research that contributes to the field of economics.

• Dissertation Defense (end of 4th to 5th year):

  Once the dissertation is completed, students defend their research in front of a committee of faculty members. The successful defense will lead you to the awarding of the Ph.D. degree.

It's important to note that the timeline can vary based on individual progress, research complexity, and program structure. Students pursuing part-time or flexible Ph.D. programs may have different completion times. Additionally, some universities may offer accelerated Ph.D. programs for exceptional candidates.

Ph.D. in Economics Eligibility

The eligibility for Ph.D. in Economics in India can vary between universities and countries, but here is a general overview of the typical criteria:

• Academic Background:

  Applicants are typically required to have a strong academic background, usually a master's degree in economics. Some programs may accept exceptional candidates with a bachelor's degree directly into their Ph.D. program. However, looking for such universities is no less than finding a needle in a haystack.
   

• Minimum Percentage requirement:

  To get yourself enrolled in the doctoral program in economics, you must have scored no less than 55%
   

• Standardized Tests:

  Many programs require applicants to submit scores from standardized tests like the Graduate Record Examination (GRE), GATE, UGC NET, and IIM Ph. D. test.
   

• Statement of Purpose:

  Applicants are typically asked to submit a statement of purpose outlining their research interests, academic goals, and reasons for pursuing a Ph.D. in Economics.
   

• Interview:

  Depending on the program, an interview is a very crucial part of the selection process, especially for competitive programs.

Admissions decisions are often based on a holistic assessment of an applicant's academic qualifications, research potential, statement of purpose, and fit with the program's faculty and research areas.

PhD in Economics Salary

The salary for a PhD in Economics varies from ₹4 Lakhs to ₹38.2 Lakhs, depending on factors such as the role of the candidate and the level of experience. Some of the major job roles with their respective average annual salary have been mentioned in the table below:

Job Roles	Average Annual Salary
Auditor	INR 4.87 LPA
Financial Consultant	INR 6.28 LPA
Industrial Organization Economists	INR 7.71 LPA
Political Scientists	INR 5.85 LPA
Public Relations Officer	INR 4.17 LPA

Achieve Economic Mastery with Ph.D. in Economics at Shiv Nadar University (Institution of Eminence)

The School of Humanities and Social Sciences at Shiv Nadar University offers a world-class Ph.D. in Economics program. Though the Department of Economics at the university has completed just a decade, it has established itself as one of the frontiers in economics education and research centers.

Overview of Ph.D. in Economics Program at Shiv Nadar University

• All admitted full-time Ph.D. students will be provided a doctoral award comprising teaching and research assistantship.
• This award encompasses a tuition fee waiver (as per the Department's guidelines) and a monthly stipend.
• For the initial two years, the stipend is set at ₹40,000, and for the subsequent three years, it increases to ₹45,000, contingent upon meeting performance benchmarks.
• Award continuation depends on consistent satisfactory progress and adherence to University regulations.
• Deserving Ph.D. students will receive support to present and publish their research findings through conferences and publications.

Please note that recipients of CSIR, UGC, INSPIRE, and ICMR fellowships will be granted a 100% tuition fee waiver.

Indulge in Ground-breaking Economic Research

Guided by distinguished scholars and immersed in rigorous research, you'll uncover profound insights, challenge conventional wisdom, and contribute to the forefront of economic thought while pursuing Ph.D. in Economics. Elevate your understanding, hone your analytical prowess, and forge a legacy as a distinguished leader in the ever-evolving tapestry of economics. Your journey to becoming an economic visionary starts here at Shiv Nadar University.