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FPM in Economics at XLRI – Xavier School of Management
East Singhbhum, Jharkhand
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About the Specialization
What is Economics at XLRI – Xavier School of Management East Singhbhum?
This Economics specialization program at XLRI – Xavier School of Management is designed to cultivate highly skilled researchers and academicians who can significantly contribute to advanced economic theory, policy analysis, and practice. With a robust foundation in quantitative and qualitative methods, the program delves into both microeconomic and macroeconomic principles, with a particular emphasis on their relevance to the Indian context and emerging global economic challenges. It aims to develop scholars capable of producing original research.
Who Should Apply?
This program is ideal for aspiring academics, policy-oriented researchers, and advanced consultants possessing a strong analytical background and a profound interest in economic inquiry. It primarily targets individuals holding Master’s degrees in Economics or related quantitative fields, as well as exceptional graduates from engineering or management disciplines. Candidates demonstrating intellectual curiosity, rigor, and a commitment to contributing new economic knowledge, especially pertinent to India''''s unique developmental trajectory, will thrive in this demanding program.
Why Choose This Course?
Graduates of this program can anticipate distinguished careers as faculty members in premier business schools and universities, research economists in influential think tanks, or expert policy advisors for governmental bodies and multilateral organizations within India and abroad. The rigorous doctoral training equips them with advanced analytical, empirical, and theoretical skills highly valued in academia and research. FPM graduates from XLRI often secure highly competitive academic placements, with typical starting salaries for assistant professors in top institutions ranging from INR 18-35 LPA, alongside substantial growth based on research output and academic impact.
Student Success Practices
Foundation Stage
Master Core Research Methodologies- (Coursework Phase (Year 1-2))
Engage diligently with the foundational coursework in research methods, advanced statistics, and qualitative research. Focus on understanding the theoretical underpinnings and practical applications of each technique. Actively participate in class discussions and form study groups to clarify complex concepts, preparing thoroughly for comprehensive examinations.
Tools & Resources
Statistical software (R, Stata, Python for econometrics), Academic databases (JSTOR, Scopus, Web of Science), University library resources and specialized research methodology textbooks
Career Connection
A strong command of diverse research methodologies is indispensable for developing a rigorous dissertation, publishing high-quality research, and securing a credible academic position.
Deep Dive into Specialization Literature- (Coursework Phase (Year 1-2))
Beyond required readings, extensively explore classic and contemporary academic papers in key Economics fields like Microeconomic Theory, Macroeconomic Theory, and Econometrics. Regularly engage in discussions with faculty and senior FPM scholars to critically evaluate literature, identify frontier research questions, and build a nuanced understanding of economic thought.
Tools & Resources
Top-tier Economics journals (American Economic Review, Econometrica, Journal of Political Economy), Working paper series (NBER, CEPR, IZA), Graduate-level Economics textbooks
Career Connection
An in-depth knowledge of the research frontier in Economics is crucial for developing original contributions in your dissertation and for effective teaching at the university level.
Develop Academic Writing and Presentation Acumen- (Coursework Phase (Year 1-2))
Systematically refine academic writing skills through all coursework assignments, literature reviews, and initial research proposals. Proactively seek detailed feedback from professors and peers to enhance clarity, coherence, and the overall scholarly tone. Actively present nascent research ideas in seminars to hone public speaking and critical defense skills.
Tools & Resources
Grammarly, Mendeley/Zotero for efficient referencing, LaTeX for professional academic document preparation, Presentation software (PowerPoint, Google Slides)
Career Connection
Proficiency in academic writing and presentation is fundamental for publishing in reputable journals, presenting at conferences, and successfully communicating complex ideas in teaching and research roles.
Intermediate Stage
Identify and Refine Dissertation Research Questions- (Early Dissertation Phase (Year 2-3))
Leverage insights gained from coursework and extensive literature review to identify compelling and feasible research questions within your chosen Economics specialization. Collaborate intensively with your faculty advisor(s) to refine these questions into a well-structured and impactful dissertation proposal, ensuring its originality and contribution to economic knowledge.
Tools & Resources
Regular faculty consultations and mentorship, Specialized doctoral seminars and research colloquia, Reviewing recent dissertations and leading research papers in your sub-field
Career Connection
A carefully defined, original, and researchable dissertation topic is the cornerstone for successful FPM completion and establishes your unique academic identity for future career prospects.
Engage in Advanced Methodological Workshops- (Early Dissertation Phase (Year 2-3))
Actively participate in specialized workshops, bootcamps, and colloquia focused on advanced econometric techniques, specific economic modeling software, or interdisciplinary research methodologies relevant to your dissertation. This continuous learning ensures you remain updated with cutting-edge research tools and approaches.
Tools & Resources
Online courses (Coursera, edX) in advanced econometrics or specific software, Workshops offered by prominent institutions (e.g., IIMs, ISI), Professional economics associations'''' training programs
Career Connection
Mastery of advanced methodological tools is crucial for conducting sophisticated research, leading to publishable work and enhancing your competitiveness in academic job markets.
Cultivate a Robust Academic Network- (Early Dissertation Phase (Year 2-3))
Proactively attend national and international academic conferences, workshops, and seminars relevant to your specialization. Engage meaningfully with senior academicians, established researchers, and fellow doctoral students. Actively seek opportunities for collaborative research projects to gain diverse perspectives and expand your intellectual horizons.
Tools & Resources
Academic conference attendance (e.g., Indian Economic Association, Western Economic Association), Professional networking platforms (ResearchGate, Academia.edu), Leveraging the extensive XLRI alumni network
Career Connection
A strong academic network is invaluable for securing post-doctoral positions, faculty roles, research collaborations, and for staying informed about academic trends and opportunities, particularly in India''''s academic landscape.
Advanced Stage
Prioritize Publication and Conference Presentations- (Dissertation Writing and Defense Phase (Year 3-5))
Strategically convert chapters or key findings from your dissertation into publishable articles for reputable, peer-reviewed Economics journals. Present your ongoing research at national and international conferences to gather critical feedback, enhance visibility, and refine your arguments before formal submission for publication.
Tools & Resources
Journal submission platforms (e.g., Elsevier, Springer), Conference abstract submission systems, Mentorship from advisors on journal selection and submission strategies
Career Connection
A strong record of peer-reviewed publications is the most significant factor in securing faculty positions at leading academic institutions and for long-term career progression in research.
Meticulously Prepare for the Academic Job Market- (Dissertation Writing and Defense Phase (Year 3-5))
Develop a comprehensive academic curriculum vitae, articulate a compelling teaching philosophy statement, craft a concise research statement, and prepare tailored cover letters for academic positions. Rigorously practice your job talk and ''''chalk talk'''' presentations, seeking extensive feedback from faculty and peers.
Tools & Resources
Job market resources provided by professional associations (e.g., American Economic Association), XLRI''''s career services (if applicable for FPM), Organizing mock interview and presentation panels with faculty
Career Connection
Thorough and strategic preparation for the academic job market significantly increases your chances of securing desirable faculty positions at top universities and business schools in India and globally.
Engage in Teaching Assistantships and Mentoring- (Dissertation Writing and Defense Phase (Year 3-5))
Actively seek opportunities to serve as a teaching assistant for various courses within the PGDM program, thereby gaining invaluable classroom experience, developing pedagogical skills, and contributing to the academic community. Offer mentorship to junior FPM students to reinforce your own understanding and cultivate essential leadership qualities for future academic roles.
Tools & Resources
XLRI''''s internal teaching assistantship coordination, Peer mentoring initiatives within the FPM program, Workshops on teaching effectiveness and course design
Career Connection
Direct teaching experience is highly valued in faculty hiring processes and provides a critical skill set for a successful and impactful academic career, complementing your research expertise.
Program Structure and Curriculum
Eligibility:
- A Master’s Degree or its equivalent in any discipline with at least 60% marks (55% for SC/ST candidates) and a Bachelor’s Degree (10+2+3 or equivalent) with at least 60% marks (55% for SC/ST candidates) obtained after completing higher secondary education (10+2) or equivalent. OR A Bachelor’s Degree in Engineering/Technology/Architecture with at least 60% marks (55% for SC/ST candidates) or any five year integrated Master’s Degree with at least 60% marks (55% for SC/ST candidates). OR Any professional qualification such as CA, ICWA or CS with at least 60% marks (55% for SC/ST candidates).
Duration: 4-5 years (typically 2 years for coursework, followed by 2-3 years for dissertation work)
Credits: 42 (minimum for coursework phase: 6 Core + 4 Specialization + 4 Electives = 14 courses x 3 credits/course) Credits
Assessment: Internal: Continuous evaluation including assignments, quizzes, mid-term examinations, and class participation for coursework. Dissertation phase involves comprehensive viva and proposal defense., External: End-Term Examinations for coursework. Final dissertation defense and viva-voce for the doctoral degree.
