Can I Opt for a PhD in Economics After Doing an
Many students find themselves seeking advanced degrees to deepen their expertise in specific areas or change their academic focus after completing their first degree and advanced studies like an MSc. Pursuing a PhD in economics after an can be a viable path, but it comes with specific requirements and considerations.
Eligibility and Prerequisites
To pursue a PhD in economics, you typically need a strong academic background in relevant subject areas. If you have completed an MBA in Finance or a master's degree with a minimum of 55 marks from a recognized university, you may be eligible for a PhD program. Additionally, being passionate about the subject and having the patience to carry out research in varied environments, as well as the ability to apply analytical skills, are essential qualities to consider.
However, in India, a B Com degree alone does not typically qualify for a PhD in any subject. For an economics PhD, you must have a Master’s in Economics or a related field from a University Grants Commission (UGC) approved university with a minimum of 55 marks. Some institutions may require a minimum of 60 marks, and you need to clear the UGC NET/SET/PET or a research entrance test along with a strong research proposal.
Relevance of Previous Studies and Additional Requirements
The applicability of your previous studies, such as an MBA in Finance, can provide a foundational interest and a basic familiarity with economics and statistics, making the transition to a PhD in Applied Economics or Statistics more manageable. Managerial Economics and Business Statistics from your MBA can serve as the foundation for further study, and understanding of mathematical concepts can aid in pursuing an Applied Economics PhD with statistical illustrations.
Not all Indian universities accept an for a PhD in Economics. Exceptions include the University of Hyderabad and a few others that consider as a valid prerequisite for the PhD program. This highlights the importance of researching specific university requirements and policies.
Understanding the Degree
The (Master of Commerce) degree is a postgraduate qualification in commerce. While degrees in South Africa and Australia are highly competitive, degrees from India and Pakistan often fall short of international standards. For instance, students who cannot gain admission to a reputable business school might end up pursuing an
The courses studied during the program, the research material covered, and the overall curriculum play a crucial role in your eligibility for a PhD in Economics. Coursework in areas like Econometrics and Game Theory can significantly enhance your chances of acceptance into a reputable PhD program. Moreover, submitting a GRE test score is often required by most institutions.
Conclusion
While there are challenges in transitioning from an to a PhD in Economics, particularly in India, the possibilities are not entirely closed. By ensuring a strong academic foundation, understanding specific university requirements, and effectively leveraging your previous studies, you can increase your chances of securing a PhD position in Economics.