Post Graduate Diploma in Economics or PGD in Economics is a full-time Diploma level Economics course of 1 year.
Post Graduate Diploma in Economics is designed to give students a rigorous, systematic and comprehensive overview of basic microeconomic and macroeconomic theory.
To be eligible for the Postgraduate Diploma in Economics degree programme candidates should have passed graduation in any discipline from a recognized university.
Most of the colleges and universities conduct admission in PGD Economics course through an entrance exam and many private colleges also conduct direct admission on the basis of candidate’s academic qualifications or donations.
The subjects included in this discipline are Fundamentals of Economics, Macro Economics, Management economics, Theories in Economics, Micro Economic Principles etc.
The postgraduates of Postgraduate Diploma in Economics course enjoy a large number of job opportunities such as Banker, Economic officer, Business analyst, Risk analyst, Investment consultant, Professor and many others.
Table of Content
- PGD Economics: Course Highlights
- PGD Economics: What is it About?
- Why Study PGD Economics?
- PGD Economics: Admission Process
4.2 Entrance Exams
PGD Economics: Course Highlights
The major highlights for Postgraduate Diploma in Economics degree program are provided in the table given below:
| Course | PGD in Economics |
| Full form | Postgraduate Diploma in Economics |
| Level | Post Graduate Diploma |
| Duration | 1 year |
| Eligibility | Graduation in any stream with 50% |
| Admission Process | Entrance exam based/ Merit based |
| Average tuition fee | INR 45,000 to 2,00,000 |
| Job Positions | Marketing Research Analyst, Economic Consultancy, Financial Research Analyst, Risk Management, Credit Rating, Business Analyst, Teacher/Lecturer etc. |
| Top recruiting areas | Banks, Educational Institutes, Stock Exchanges, Financing Agencies, Marketing Companies, BPOs etc. |
| Average salary | INR 2.16-2.52 LPA |
PGD Economics: What is it About?
Postgraduate Diploma in Economics is a professional postgraduate degree programme that can be pursued by the students after the completion of their graduation.
- The Postgraduate Diploma in Economics degree programme provides the necessary background for the enrolled students to successfully complete the Diploma Courses Microeconomic Analysis and Macroeconomic Analysis.
- Postgraduate Diploma in Economics course mainly focuses on the financial aspects of policy-making, increasing student's understanding of the principles, applications and context underlying economic policy.
- PGD Economics course is designed in a manner such that a PG diploma level student can be able to grasp the basic concepts of the subject economics, along with the theories and principles associated with economics.
- The PGD Economics course, in addition to its theoretical elements, offers students with a realistic analysis of how markets are implemented in the market world and how transactions are conducted in an economical manner.
Why Study PGD Economics?
Some of the reasons to pursue Postgraduate Diploma in Economics course are as follows.
- The Postgraduate Diploma in Economics program would add value for young professionals who would like to develop applied analytical skills for making their further careers.
- This program is rated as one the best amongst the schools, colleges and universities offering economics courses in India.
- The Program is meant for college/university graduates from any discipline who would like to learn economics, finance, data analytics and public policy.
- The Postgraduate Diploma in Economics course will appeal to students who already possess a strong background in the economics subject and wish to gain advanced and rigorous training in modern economics as preparation for a career as a professional economist/ analyst.
- The Postgraduate Diploma in Economics course will appeal to those intending to pursue careers in the finance sector, including accountancy, banking and insurance, or in areas such as business intelligence, and social/market research.
PGD Economics: Admission Process
Admission to the Postgraduate Diploma in Economics program begins after the declaration of Graduation examination’s results. The colleges and universities conduct entrance examinations for admission to Postgraduate Diploma in Economics courses and some private institutes grant direct admissions as well. The following are the major steps through which admissions in Postgraduate Diploma in Economics course takes place:
- In order to get direct admission to a Postgraduate Diploma in Economics course, candidates are required to score good marks in their graduation examination and check if the admission process needs any entrance examination to appear for.
- In the event that an entrance test is required, applicants must prepare for it and take it. On the basis of graduation test marks and/or entrance exam grades, universities will compile a merit list.
- The shortlisted students will be called for the document verification.
- After the successful verification of the documents, the candidates will be offered admission to the Postgraduate Diploma in Economics course.
PGD Economics: Eligibility Criteria
Students, who aspire to seek admission in Postgraduate Diploma in Economics course, should fulfil the minimum eligibility criteria given below:
- Aspiring students should have passed graduation in any discipline with minimum 50% marks.
- Candidates should not have any backlog or compartment in any of the subjects/subjects at undergraduate or equivalent level that are yet to be cleared at the time of taking admissions.
- Apart from the above-mentioned eligibility criteria’s various colleges and universities may have their own additional criteria (like one-year work experience) which the candidates would have to satisfy in order to take admission in PGD Economics course.
- Candidates in the reserved category must submit their reservation certificates issued by the appropriate authority in order to receive the benefits that apply to them.
- Most of the Institutes grant admissions in PGD Economics through Common Entrance Test (CET). To get admissions in the top colleges/university candidates would have to qualify the respective entrance examination by securing the minimum qualifying marks.
PGD Economics: Entrance Exams
The students who wish to get admission in Postgraduate Diploma in Economics course, they have to prepare for a series of gruelling examinations to prove their credentials and gain admission into the top PG Diploma colleges and universities in the nation by dint of merit:
| Exam Name | Exam Date |
|---|---|
| CAT | Check CAT Exam Dates |
| MAT | Check MAT Exam Dates |
| XAT | Check XAT Exam Dates |
| CMAT | Check CMAT Exam Dates |
| ATMA | Check ATMA Exam Dates |
PGD Economics: to Prepare for Entrance Exams?
Few of the following tips can be utilised for the preparation of the entrance examination for taking admission in Postgraduate Diploma in Economics course:
- Starting the preparation of the entrance test early helps the candidates in covering all the important topics and it gives them time to revise the whole syllabus once again.
- Initially, the candidates should go through the syllabus of the particular entrance examination.
- Candidates can answer more application-based questions and address previous year's question papers.
- Before taking the final entrance exam, take a few practise exams to help you improve your pace and accuracy.
PGD Economics: How to Get Admission in a Good College?
To secure admission into a top-ranking Postgraduate Diploma in Economics College, a number of factors come into play. Some of the following tips will be helpful for a student who wants to take admission in a best college of Postgraduate Diploma in Economics in that regard.
- An aspirant can get their seat confirmed in a best college of Postgraduate Diploma in Economics if they had a sound academic record in their graduation and it is also based on the performance of the candidates in various national or state level entrance examinations. The greater the score, the better will be the chances of getting admission in the top colleges of economics across India.
- It is very important to be mentally and physically prepared for the further admission process i.e. counselling/ interview and seat allotment rounds.
- Keep a track of all the important events related to the admission in PGD Economics course so that you will never miss any deadline.
- Keep a track of eligibility criteria, course cut-off, application procedure, application fee, and all the updates related to the PGD in Economics course admission in newspapers, official websites of colleges, and many more.
- You should start your preparation for Postgraduate Diploma in Economics entrance exams as early as possible so you have enough time for your preparation for the exam.
- Work on your personality to be very representative during the final rounds of the admission in front of the faculty.
PGD Economics: Course Comparison
Below we have listed some of the key differences between Postgraduate Diploma in Economics and MA in Economics courses in India.
| Course | PGD in Economics | MA in Economics |
|---|---|---|
| Full Form | Postgraduate Diploma in Economics | Masters of Arts in Economics |
| Level | Post Graduate Diploma | Postgraduate |
| Duration | 1 year | 2 years |
| Course Overview | This course focuses on the financial aspects of policy-making, increasing student's understanding of the principles, applications and context underlying economic policy. | The main objective of MA Economics degree programme is to provide knowledge on all the aspects which are related to functioning of an economy. |
| Eligibility | Graduation in any stream with 50% | Bachelor’s degree in economics or in any discipline from a recognized university |
| Admission Process | Entrance exam based (Consideration for Merit is present) | Merit-based and entrance exams |
| Average tuition fee | INR 45,000 to 2,00,000 | INR 10,000 to INR 50,000 |
| Job Positions | Marketing Research Analyst, Economic Consultancy, Financial Research Analyst, Risk Management, Credit Rating, Business Analyst, Teacher/Lecturer etc. | Data Analyst, Equity Analyst, Professional Economist, Financial Planner, etc. |
| Top recruiting areas | Banks, Educational Institutes, Stock Exchanges, Financing Agencies, Marketing Companies, BPOs etc. | ICICI Bank, RBI, Citi Bank, Kotak, etc. |
| Average salary | INR 2.16-2.52 LPA | INR 5,00,000 to 7,00,000 |
PGD Economics: Top Colleges
Postgraduate Diploma in Economics is taught at a number of top-notch colleges in India. Here, we have mentioned some of the most popular Postgraduate Diploma in Economics Colleges of India.
| College Name | Average Annual Fees | Average Placement Package |
|---|---|---|
| Government College, Kolhapur | INR 50,000 | INR 5,10,000 |
| Indian School of Business, New Delhi | INR 3,80,000 | INR 5,00,000 – 5,50,000 |
| Institute of Management and Technology, Nagpur | NA | INR 7,94,000 |
| Isara Institute of Management and professional study, new Delhi | NA | NA |
| Karnataka State Women’s University, Bijapur | INR 15,000 | INR 6,50,000 |
| University of Calcutta, Kolkata | INR 25,000 | INR 5,00,000 |
| Madras School of Economics, Chennai | INR 47,500 | INR 40,000 |
| Mumbai University, Mumbai | INR 44,250 | INR 3,20,000 |
| Kerala University, Thiruvananthapuram | INR 40,000 | INR 3,50,000 |
| Symbiosis School of Economics, Pune | INR 1,64,200 | INR 6,70,000 |
PGD Economics: College Comparison
These are some of the top government and private colleges and universities that offer Postgraduate Diploma in Economics courses all over India. A comparison of top colleges and universities is done on the basis of their rank, course fees, salary offered, and top recruiters.
| Parameter | University Of Calcutta | Mumbai University | Kerala University |
|---|---|---|---|
| Overview | The University of Calcutta is one of the Oldest Institutions in India which was established in the year 1857. The University is also known as Calcutta University and it is located in Kolkata, West Bengal. | Mumbai University was established at the time of pre-independent India in the year 1857 and was formerly known as the University of Bombay. It was the first State University of the country and it is also the oldest university in Maharashtra. | Kerala University is also known as the University of Kerala which was established in the year 1937. Its former name was the University of Travancore which was later changed with the University of Kerala. |
| NIRF 2020 ranking | 11 | 95 | 42 |
| Location | Kolkata, West Bengal | Mumbai, Maharashtra | Thiruvananthapuram, Kerala |
| Admission process | Entrance based | Entrance based | Entrance based |
| Average annual fees | INR 40,000 | INR 44,250 | INR 40,000 |
| Average annual package | INR 5,00,000 | INR 3,20,000 | INR 3,50,000 |
| Top recruiters | TCS, PWC, IBM, Microsoft, Emami Limited, M. N. Dastur & Company (P) Ltd etc. | Barclays Technology, Axience, Kotak Group, Nomura Services India Pvt. Ltd., Lotus Environments, Piramal etc. | TCS, Accenture , Alumni, ISRO etc. |
PGD Economics: Syllabus
The detailed Syllabus of Postgraduate Diploma in Economics is mentioned below:
| Macro Economics | Elements of econometrics |
| Fundamentals of Economics | Research report |
| Micro Economic Principles | Professional Communication |
| Theories in economics | Practical |
| Management economics | NA |
PGD Economics: Job Profiles
Some of the most common job profiles that a Postgraduate Diploma in Economics student is hired for are mentioned in the table below, along with salary package.
| Job Positions | Description | Average Annual Salary Package |
|---|---|---|
| Economic Service Officer | Economic Service Officer is a public sector job that involves working in the capacity of an officer at ministerial and departmental level. | INR 5,30,000 – 6,50,000 |
| Banker | The responsibility of a banker involves handling day to day activities in a bank in regards to service delivery and customer grievance redressal. | INR 2,74,000 -2,92,000 |
| Investment Consultant | The job of a Investment Consultant involves tendering investment-related advice to clients on the backdrop of market condition analysis. | INR 3,30,000 – 3,55,000 |
| Risk Analyst | The Risk Analyst job involves analysis and weighing of assets and securities based on the associated risk involved. | INR 2,68,000 – 3,10,000 |
| Professor | It is a teaching based job that involves teaching the subject to the student. | INR 3,20,000 – 3,42,000 |
PGD Economics: Future Scope
The Economics subject is considered as an evergreen subject due to its high utility and a huge demand in today's job markets. Economics is a very important discipline both for the career as well as for the job point of view.
- PGD Economics degree programme's postgraduates have plenty of options to choose from in terms of their career.
- One can pursue Postgraduate Diploma in Economics to enter into the field of teaching in colleges and universities.
- The postgraduates can get jobs in the areas like Banks, Educational Institutes, Stock Exchanges, Financing Agencies, Marketing Companies, and BPOs etc.
- Candidates can also opt for PhD Economics, or MBA.
PGD Economics: FAQs
Ques. What is the full-form of PGD in Economics?
Ans. The full-form of PGD in Economics is Postgraduate Diploma in Economics.
Ques. What are employment opportunities available after PGD in Economics?
Ans. A number of firms recruit PGD in Economics students for various job roles such as Marketing Research Analyst, Economic Consultancy, Financial Research Analyst, Risk Management, Credit Rating, Business Analyst, Teacher/Lecturer and many others. You can also work in teaching institutions.
Ques. What is taught in PGD in Economics course?
Ans. In the PGD in Economics course one will study about the financial aspects of policy-making, increasing your understanding of the principles, applications, and context underlying economic policy.
Ques. Is qualifying an entrance examination compulsory for joining this course?
Ans. Yes, general admission to the PGD in Economics degree program is performed on an entrance basis.
Ques. Why should one pursue a PGD in Economics course?
Ans. The course is beneficial in opening many jobs opportunities in different areas. The students who have finished their postgraduate level course in Economics can get jobs with different educational institutions such as schools, schools for special children etc.
Ques. What is the eligibility to pursue PGD in Economics?
Ans. The candidates must have a graduate degree from a recognized educational college/ university and they should have scored a minimum aggregate score of 50% at their graduation. The minimum marks criteria may vary from one institute to institute.
Ques. What is the average annual fee charged by the colleges offering PGD in Economics courses?
Ans. The average annual fee charged by the institutes ranges between INR 45,000 to 2,00,000.
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