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MSC-ECONOMICS in General at SVKM's Narsee Monjee Institute of Management Studies (Deemed to be University)
Mumbai, Maharashtra
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About the Specialization
What is General at SVKM's Narsee Monjee Institute of Management Studies (Deemed to be University) Mumbai?
This MSc Economics program at SVKM''''s Narsee Monjee Institute of Management Studies, Mumbai focuses on developing rigorous analytical and quantitative skills crucial for understanding economic phenomena. It is highly relevant in the dynamic Indian economy, equipping students with tools for policy analysis and strategic decision-making in diverse sectors. The program emphasizes a strong theoretical foundation with practical applications.
Who Should Apply?
This program is ideal for fresh graduates from economics, commerce, engineering, or science backgrounds who possess a strong aptitude for mathematics and quantitative analysis. It also caters to early-career professionals seeking to enhance their economic understanding and analytical capabilities for roles in research, consulting, or financial services within India''''s growing economy.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding career paths in India, including roles as economic analysts, consultants, researchers, data scientists, or financial specialists. Entry-level salaries typically range from INR 5-8 lakhs annually, with significant growth potential in top Indian and multinational firms. The program prepares students for advanced research or impactful roles in policymaking.
Student Success Practices
Foundation Stage
Build a Strong Quantitative Foundation- (Semester 1-2)
Dedicate significant time to mastering mathematical and statistical methods taught in early semesters. Regularly practice problems from textbooks and online resources. Form study groups to tackle complex quantitative assignments collaboratively. Focus on understanding underlying concepts rather than rote memorization.
Tools & Resources
Khan Academy, MIT OpenCourseWare for Mathematics/Statistics, NCERT/reference books for advanced calculus and linear algebra, R/Python for basic statistical exercises
Career Connection
Strong quantitative skills are non-negotiable for economic analysis, econometrics, and financial modeling roles in India''''s data-driven economy. This foundation ensures readiness for advanced subjects and real-world analytical tasks.
Engage Actively in Economic Debates & Current Affairs- (Semester 1-2)
Beyond textbooks, read reputable economic newspapers (e.g., The Economic Times, Business Standard), journals (e.g., EPW, Livemint), and participate in class discussions on current economic events in India and globally. Connect theoretical concepts to real-world policy dilemmas.
Tools & Resources
Financial dailies, RBI publications, NITI Aayog reports, economic podcasts, reputable news analysis websites
Career Connection
Developing a nuanced understanding of the Indian and global economy enhances critical thinking, improves interview performance, and prepares students for roles requiring policy analysis or market commentary.
Develop Foundational Software Proficiency- (Semester 1-2)
Begin familiarizing yourself with statistical software early on. Even basic exercises in R or Python (using libraries like Pandas, NumPy) for data manipulation and visualization will provide a significant advantage for Econometrics and applied research.
Tools & Resources
RStudio, Python (Anaconda distribution), free online courses on R/Python for data science (e.g., Coursera, DataCamp trials)
Career Connection
Most entry-level analytical roles in India expect proficiency in at least one statistical software. Early exposure eases the learning curve for advanced applied economics courses and internship opportunities.
Intermediate Stage
Pursue Relevant Internships and Projects- (End of Semester 2, during Semester 3/4 breaks)
Actively seek summer internships or part-time projects in economic research organizations, financial firms, analytics companies, or NGOs working on development issues in India. Apply theoretical knowledge to practical problems, building your resume and professional network.
Tools & Resources
NMIMS placement cell, LinkedIn, Internshala, company career pages. Prepare a strong resume and cover letter tailored to economic roles
Career Connection
Internships are crucial for gaining real-world experience, understanding industry expectations, and converting into pre-placement offers, significantly boosting employability in the Indian job market.
Specialize through Electives and Advanced Tools- (Semester 3-4)
Carefully choose electives that align with your career interests (e.g., financial economics, development economics, public policy). Deepen your software skills by learning specialized tools like Stata, EViews, or advanced R/Python for econometric modeling and machine learning applications.
Tools & Resources
University subscriptions for statistical software, specialized online courses, workshops conducted by faculty or industry experts
Career Connection
Specialization allows you to carve out a niche and become more attractive to employers seeking specific skill sets, especially for advanced analytical or research roles in Indian firms.
Network Actively with Alumni and Industry Professionals- (Semester 3-4)
Attend alumni meets, industry seminars, and workshops organized by NMIMS or external bodies. Connect with professionals on platforms like LinkedIn. These connections can offer mentorship, job leads, and insights into specific career paths in the Indian economic landscape.
Tools & Resources
LinkedIn, NMIMS alumni network platforms, industry conferences (e.g., those organized by FICCI, CII, NASSCOM)
Career Connection
Networking is vital in the Indian job market for discovering hidden opportunities and gaining referrals, often leading to better placement outcomes and career guidance.
Advanced Stage
Excel in Dissertation/Research Project- (Semester 4)
Invest significant effort in your final year dissertation or research project. Choose a topic that genuinely interests you and aligns with your career goals. Engage proactively with your faculty mentor, collect robust data, and present your findings meticulously. This is a chance to showcase independent research capabilities.
Tools & Resources
Academic databases (JSTOR, Scopus), econometric software (Stata, R, Python), citation management tools (Zotero, Mendeley), NMIMS library resources
Career Connection
A well-executed dissertation demonstrates advanced analytical skills, research aptitude, and the ability to work independently, highly valued in research roles, think tanks, and for higher studies.
Prepare Rigorously for Placements- (Semester 3 end to Semester 4)
Start placement preparation early. Practice quantitative aptitude, logical reasoning, and verbal ability tests. Work on case studies, mock interviews (both technical and HR rounds), and group discussions. Tailor your resume and cover letter for specific roles.
Tools & Resources
NMIMS Career Services, online aptitude test platforms, mock interview sessions with faculty/alumni, company-specific preparation guides
Career Connection
Thorough preparation is key to securing coveted positions in top Indian and multinational companies, especially in competitive sectors like finance, consulting, and analytics.
Cultivate Leadership and Communication Skills- (Throughout the program, intensified in Semester 4)
Participate in student clubs, organize events, or take on leadership roles within academic projects. Actively seek opportunities to present your work, refine your public speaking, and improve written communication skills. Clear communication is as vital as technical expertise.
Tools & Resources
NMIMS student committees, public speaking clubs, workshops on presentation skills, peer feedback sessions
Career Connection
Strong communication and leadership qualities differentiate candidates in the Indian corporate landscape, paving the way for faster career progression and effective team collaboration.
