Turn Your Passion for Economics into Expertise with a Ph.D. in Economics


Blog / February 04, 2024

According to industry experts & economists, the economy worldwide is navigating a challenging landscape as it strives for recovery amid persistent supply chain disruptions. In spite of initial optimism ignited by vaccination campaigns and reopening efforts, the resurgence of COVID-19 variants, along with current logistic hurdles, has lowered all expectations. 

From semiconductor chip shortages to shipping delays, supply chain disruptions are constantly hampering production and distribution across various sectors.Economists warn that these dynamics could potentially hinder the pace of economic recovery and pose risks to long-term growth prospects. If you are someone who has an immense interest in diving deep into the world of economics and keeping track of how nations tackle their economic issues, pursuing a Ph.D. in Economics can help you with your research!

Is the future secure for a Ph.D. in Economics?

During the 2022 survey period, just 2.2% of Ph.D. economists were without employment, contrasting with the 6.6% rate in the 2021 period. In the same timeframe, 4.4% of economists holding a Master’s degree were unemployed, in comparison to 2021, which was 11.6%. Amongst economists whose highest educational attainment is a Bachelor’s degree, approximately 21.7% experienced unemployment in the 2022 survey period, a significant decrease from the 51.4% recorded in 2021. These statistics suggest that the future for Ph.D. scholars in Economics is lucrative. 

Can I do a Ph.D. in Economics after an MBA degree?

Who says no? Nonetheless, it would help if you considered what Ph.D. in Economics is and whether it fits within your career plans. A Ph.D. is the highest degree you can gain, and it is often chosen by those willing to explore the academic area of a certain subject.

Source: https://www.liveabout.com/

Ph.D. in Economics Admission Requirements

The Ph.D. in Economics eligibility may vary from one university to another. However, here is an overview of the typical eligibility: 

Academic Background

Candidates usually require a solid academic background, typically holding a master's degree in economics. While some programs may accept exceptional candidates with only a bachelor's degree directly into their Ph.D. program, such universities can be challenging.

Minimum Percentage Requirement

To qualify for a doctoral program in economics, applicants usually have achieved at least a score of 55%.

Standardized Tests

Many programs require submission of scores from standardised tests such as the Graduate Record Examination (GRE), GATE, UGC NET, and IIM Ph.D. test.

Statement of Purpose

Applicants must submit a Statement of Purpose detailing their research interests, academic aspirations, and reasons for pursuing a Ph.D. in Economics.


Depending on the program, interviews play a massive role in the selection process, particularly for competitive programs.

Admissions decisions often contemplate a holistic assessment of an applicant's academic credentials, research potential, statement of purpose, and alignment with the program's faculty and research focus areas.

Fuel your Curiosity & Ambition with a Ph.D. in Economics @ Shiv Nadar University (Institution of Eminence)

Established in 2011, the Shiv Nadar University in Greater Noida is well-known for its dedication to academic excellence and innovation across various disciplines. The university has quickly garnered recognition for its research-oriented approach and modern facilities. Among its diverse academic offerings, it offers a Ph.D. program in Economics, catering to students aspiring to pursue advanced research and scholarship in this field.

The Ph.D. in Economics at the School of Humanities and Social Sciences proffers a rigorous and holistic curriculum curated to equip students with the necessary theoretical foundations, analytical skills, and research methodologies to address contemporary economic challenges. The program is led by a highly skilled faculty comprising seasoned academics and industry experts actively engaging in avant-garde research around many economics disciplines, ranging from macroeconomic policy analysis to development economics and econometrics.

Amongst all, the unique feature of the Ph.D. in Economics at SNU is its multidisciplinary approach, empowering students to explore intersections between economics and other fields such as public policy, environmental studies, and social sciences. This transdisciplinary perspective gives a holistic understanding of complex socio-economic issues and equips students with versatile skills to tackle real-world problems.

Moreover, SNU provides a conducive research environment with ample opportunities for students to collaborate with faculty members on ongoing research projects, participate in seminars, workshops, and conferences, and access extensive library resources and databases. Additionally, the university fosters a culture of academic freedom and intellectual inquiry, allowing students the flexibility to pursue their research interests and make meaningful contributions to economics.

Transform your Perspective on World Economy with a Ph.D. in Economics

Undoubtedly, a Ph.D. in Economics equips graduates with exceptional expertise to steer the intricacies of global markets, policy formulation, and economic theory. With robust research, analytical prowess, and a commitment to innovation, recipients surface as leaders poised to address society's most pressing economic challenges and drive sustainable progress. So, don’t wait any further, enrol now for a Ph.D. in Economics at Shiv Nadar University.