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Economics is one of the necessary aspects of our life and is also considered as the backbone of the economy just like business and commerce. Master’s in economics opens up various job opportunities, not in the public but also in the private sector worldwide. To get the best education, you must enroll yourself in one of the best institutions. So, here listed below are the top 10 ranked institutions and colleges to pursue master’s in economics.

1. Shri Ram College of Commerce (SRCC)

Shri Ram College of Commerce (SRCC) – SRCC is without any question the best college for commerce (as economics is a major part of commerce); not only in Delhi University but all over India. This accounts for the highest cut-off list released every year. The college is a part of the north campus and provides all kinds of courses in the field of commerce like – B.Com, B.Com Honours, Economics Honours, BBA, BCA and many more. Admission in most of the courses is through a merit-based system and for some courses like Business economics and BBA; you have to appear for entrance exams conducted by the University of Delhi. The fee for all the courses is quite low as this college is affiliated with DU (ranging from 8k to 20k per year). Other than the best faculty; the college is also known for its cultural and annual events. The faculty members of SRCC are known to have written many books and readings that are taught in other colleges as well. This college offers Master’s in economics course.

2. Hindu College

Hindu College – Hindu College is considered one of the oldest colleges in Delhi. Hindu college offers various UG, PG, and certificate programs in multiple disciplines. Admission to UG courses is based on merit as per the Cut Off percentage decided by Delhi University. For PG admissions candidates have to appear for the DUET entrance exam, conducted by the Delhi University. The fee in this college ranges from 15k to 21k for different programs. 

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3. Lady Shri Ram College for Women, New Delhi

Lady Shri Ram College for Women, New Delhi – LSR is the best college on the south campus of DU. It is only Girls College and has one of the best faculty and infrastructure. This college provides various courses in all the disciplines which also include some popular commerce courses like B.Com, BBA, BCA, Economics Honours/masters, Business economics, and many more. The admission is again merit-based. But for some courses like BELED, Business economics, etc; entrance exam is to be cleared. The fee for various courses ranges from 5k to 20k. The college has a very good placement record as well.

4. Hansraj College

Hansraj College – Hansraj College is one of the finest colleges on the north campus of Delhi University. This college is most popularly known as “Shahrukh Khan vala College”, as he is one of the most notable alumni of the college. This colleges offers Master’s in economics and many more courses for students. The college is mainly considered for science courses but it also has a very good faculty for commerce and art department. Admission to most of the courses is through a merit-based system and for few courses like BBA; Business economics admission is through an entrance exam conducted by the University of Delhi. The fee structure is similar to every other college affiliated with the University of Delhi (i.e. ranges from 7k to 20 k for different courses and programs).

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5. Loyola College

Loyola College – It is located in Chennai and is affiliated with the University of Madras and is also titled “College of Excellence” by University Grants Commission (UGC). The college offers many courses across various fields, some of the courses offered are B.Sc., M.SC, M.A, B.A, BE/B.Tech and many more. Its fee ranges around 10k-2 lakhs depending on the course/program chosen. Placement packages provided are around 3-4LPA.

6. Madras Christian College

Madras Christian College– It is a government institution affiliated with the University of Madras, located in Chennai. The college offers various UG and PG courses across all three disciplines – arts, commerce, and science. The fee ranges fall around 55k to 1.5 lakhs varying with courses. The college offers placement packages of around 4-6 LPA. Some of the top recruiters are Interglobe Technologies, Ameex Technologies Private Limited, Deloitte, Zoho, TCS, Infosys, RBS, Sutherland, Wipro, Accenture, CTS. 


7. Department of Commerce, Christ University

Department of Commerce, Christ University – It is located on Hosur Road, Bangalore. The Ministry of HRD (Government of India) declared Christ as a Deemed-to-be University in 2008. The University is specifically known for its UG courses and was ranked 1 for BCA by India Today 2020The University offers a variety of courses across streams like Master’s in economics, psychology courses, such as Law, Management, Science, Arts & Humanities, and Commerce. The fee for the majority of courses falls between the ranges of 2 to 3 lakhs. The college provides placement packages around 4-5 LPA.

8. Ramjas College

Ramjas College – It is located on the North Campus, Delhi. This college is under government ownership and is affiliated with the University of Delhi. It is one of the oldest colleges in Delhi University and offers a variety of courses not only in the science stream but also in the arts and commerce field as well. The fee for the majority of courses ranges from 60k to 65k. The college also has a good record in terms of placement; it provides a placement package of around 5LPA. 

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9. SVKM's Mithibai College of Arts Chauhan Institute of Science & Amrutben Jivanlal College of Commerce and Economics-

SVKM’s Mithibai College of Arts Chauhan Institute of Science & Amrutben Jivanlal College of Commerce and Economics– This institute is under private ownership and is located in Mumbai. The institution is known not only for its arts faculty but also for science It offers Bachelor’s, Master’s in economics courses and commerce streams. E It offers various UG and PG courses across many streams; some of the popular courses are M.A (Economics), BBA, BBBM, B.Sc., and B.Com. The fee ranges from around 15k to 60k. Average placement packages offered fall around 4.5 -6 LPA. 

10. Shri Vile Parle Kelavani Mandal's Narsee Monjee College of Commerce and Economics

Shri Vile Parle Kelavani Mandal’s Narsee Monjee College of Commerce and Economics Popularly known as NM college, the institution is affiliated with the University of Mumbai. It is recognized by University Grants Commission and offers various popular courses such as Bachelor of Management Studies (BMS), Bachelor of Commerce (B.Com), Bachelor of Science (BSc IT), BA Hons. (Economics), M.A, M.Com, and Doctorate of Philosophy (Ph.D.). Its fee falls around 12k to 50k, as per the program opted. Average placement packages offered are around 5-7 LPA. 

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Master’s in Economics is a very interesting and demanding subject, so it is considered as one of the best career options, not in India but also worldwide. If you are willing to pursue master’s in the field of economics, then you must try to look in these colleges to pursue Master’s in economics. Hope the article helps. 

By: Nupur Bhagat


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