The whole Ph. D program is centered on a research thesis. The research work represents a significant contribution to economics and helps one in demonstrating their ability to combine independent research with formal methodologies and tools of modern economics. A Ph. D program in economics mainly gives focus on understanding advanced economic theories.

The Ph. D program helps one to undertake research in the field of economics at a higher level. This will help the researcher to publish his/her articles in top level journals in economics. With Ph. D one can secure positions in top notch policy institutions such as International Monetary Fund, the World Bank, and World Trade Organization and in the research departments of prominent Central Banks. In order to pursue a career in academia Ph. D is a basic requirement in many of the countries. Ph. D involves a world of independent research where one is guided by a supervisor.

Current scenario in India

Recent studies show that there is shortage in students who pursue a Ph. D in economics. This shows a tremendous opportunity for people with a Ph. D in economics in India. Ph. D in economics is considered as a scarce commodity in India.

Current scenario in the United States

According to the U.S. Bureau of Labor statistics the employment opportunities for economists is expected to rise by six percent starting from 2008 to 2018.

Careers after Ph. D in Economics

• Government: this includes organizations such as Reserve bank of India, SEBI etc
• Academe: this includes universities and colleges
• Business: this includes credit agencies, banks, brokerage firms etc
• International organizations: this includes the World Bank, the world trade organizations, the international Monetary Fund.

Research Organizations

With dynamic market which faces downturn more frequently requires experts who can forecast and reduce the impact such happenings. With the knowledge and expertise acquired from Ph. D an expert can assist countries from such downturns and opportunities are huge for such professionals.