Ph.D. in Economics - Transform Your Passion for Economics Into a Rewarding Research Career

Blog / January 08, 2024

Ph.D. in economicsphd eligibility

Comprehending economics is not just a matter of charts and graphs; it is all about understanding the individuals’ choices underpinning economic frameworks. In this utterly complex global market, economics plays a vital role in molding the nation’s trajectory and humans alike. At its core, economics is a study of how societies allocate resources to fulfill their demands as well as desires. The invisible supply and demand orchestrate things, influencing and impacting things, be it a price or employment rate.

If you have a keen interest in diving deep into the world of economics, pursuing a Ph.D. in Economics would be the perfect fit. Remember, undertaking a Doctoral degree in Economics is a scholarly adventure demanding the utmost passion, dedication, and a thirst for knowledge.

Beyond mastering economic theories, this academic quest includes contributing original research to the field. The journey typically begins with coursework, where students delve into high-end economic concepts and research methodologies.

Is a Ph.D. in Economics Worth It?

The predicted job market for Ph.D. Economists shows a promising 6% growth from 2021 to 2031, ranking among the highest for many doctoral degrees. This statistical insight efficaciously addresses the common question posed by aspiring Ph.D. Economics candidates – "Is a Doctorate in Economics worthwhile?" The affirmative answer is evident, given the vigorous employment outlook and the potential for career advancement linked with this esteemed degree.

The heart of a Ph.D. typically lies in the dissertation, a substantial piece of independent research transcending the boundaries of pre-existing knowledge. From formulating a research question to gathering and analyzing data, the procedure is both excruciating and gratifying. A successful Ph.D. candidate not only adds to the academic discourse but also develops critical thinking and analytical skills.

Benefits of Ph.D. in Economics

Pursuing a doctoral degree in Economics proffers a plethora of benefits, both intellectually and professionally. Below are some advantages for the same. Keep reading to know. 

• Prowess in Economic Analysis
• Enhanced Research Skills
• Enormous Career Opportunities
• Improvised Networking Opportunities
• Colossal Personal Growth

And more!

A Doctoral degree in Economics not only opens doors to a broad array of career paths but also cultivates a deep comprehension of economic principles, making it a rewarding and intellectually enriching journey, particularly for those who are passionate about the field.

Ph.D. Eligibility

To be eligible, a candidate must have acquired a minimum of 55% aggregate marks in his/her post-graduate degree in any discipline.

Note: The candidate’s selection will solely depend on his/her performance at the time of the admission process, provided he/she meets the minimum eligibility requirement.

Career Opportunities After Ph.D. in Economics

A Doctorate degree in Economics opens up dynamic and lucrative career opportunities in various sectors. Below are some key avenues for graduates:

1. Academia: Many Ph.D. economists pursue careers in academia to emerge as professors or researchers at universities and research institutions. They contribute to the academic community via teaching, publishing research, and mentoring students.

2. Government Agencies: Economic professionals are in demand in government bodies at local, national, as well as international levels. Ph.D. economists can work in many different areas, such as policy analysis, economic forecasting, and research roles, influencing governmental decisions and shaping economic policies.

3. International Organizations: Giants such as the World Bank, International Monetary Fund (IMF), and United Nations hire graduates with Ph.D. in Economics for roles emphasizing global economic development, policy research, and international relations.

4. Private Sector: Corporations value the analytical skills of Ph.D. economists for roles like economic consulting, market research, data analysis, and financial modelling. They contribute to strategic planning and decision-making and help organizations navigate economic trends.

5. Think Tanks and Research Institutes: Ph.D. economists can work in independent research organizations and contribute to policy discussions, generate reports, and conduct studies on many economic issues.

A Doctoral degree in Economics equips graduates with diverse and versatile skills, making them invaluable assets in many sectors where an in-depth understanding of economic principles is imperative.

Uncover New Perspectives, Challenge Norms, and Make a Mark in Academia with a Ph.D. in Economics @ Shiv Nadar University (Institution of Eminence)

Shiv Nadar University, reckoned as an "Institution of Eminence" by the Government of India, stands as a beacon and is known for its dedication to academic excellence and innovation. Located in Greater Noida, Uttar Pradesh, the university/institution is committed to promoting an interdisciplinary learning environment.

The Ph.D. in Economics at the School of Humanities and Social Sciences housed under Shiv Nadar University mirrors its dedication to advanced research and intellectual exploration. This program is curated to cultivate scholars capable of contributing significantly to the field of economics. With a faculty comprising accomplished researchers and experts, students get the golden chance to be involved in rigorous academic inquiry and collaborate on impactful research projects.

The university's status quo underscores its emphasis on creating a global center for learning and research. The Doctoral program in Economics aligns with this vision, giving students a platform to delve into advanced economic theories, techniques, and applications. Also, when pursuing a Ph.D. Economics, you will get an opportunity to choose electives offered by the department in recent years: 

• Industrial Organization 
• Public Economics 
• International Trade 
• Environmental Economics 
• Growth and Inequality 
• Individual and Collective Choices 
• Contract Theory 

And more!

Propel Your Career with a Doctorate in Economics

A Doctoral degree in Economics is a metamorphic, which offers intellectual growth, specialized expertise, and dynamic career prospects. Graduates emerge as seasoned scholars typically equipped to unravel the intricacies of economic systems and contribute impactfully to academia, policy-making, and industry. Join Shiv Nadar University’s Ph.D. in Economics program today and dive deep into the world of economics.