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PGDM-BM 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 focuses on equipping future business leaders with a deep understanding of economic principles, analytical tools, and their application to complex business and policy challenges. It emphasizes the analytical rigor required to navigate global and Indian economic landscapes, preparing students for roles demanding strategic foresight and evidence-based decision-making. The program distinguishes itself by integrating theoretical economic frameworks with practical business scenarios relevant to diverse Indian industries.
Who Should Apply?
This program is ideal for analytical minds with a strong quantitative aptitude, seeking to understand the macro and micro forces shaping business. It attracts fresh graduates aiming for careers in economic consulting, policy analysis, financial services research, and corporate strategy roles in India. Working professionals looking to enhance their analytical capabilities for senior management or entrepreneurial ventures, particularly those involving market dynamics and regulatory understanding, will also find this program highly beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue India-specific career paths in economic consulting firms, investment banks, public policy think tanks, and large corporations. Entry-level salaries typically range from INR 15-25 LPA, with significant growth trajectories for experienced professionals reaching INR 40+ LPA. Roles include economic analyst, business intelligence specialist, policy advisor, and risk manager. The program aligns well with certifications such as CFA or FRM by providing a strong foundational understanding of economic principles.
Student Success Practices
Foundation Stage
Master Core Economic Principles- (Trimester 1-3)
Actively participate in Managerial Economics, Microeconomics, and Macroeconomics classes. Form study groups to discuss complex theories, practice problem-solving rigorously, and read leading Indian economic newspapers like The Economic Times and Business Standard daily to connect theory with current events. This builds a strong analytical base essential for advanced electives and future economic analysis roles.
Tools & Resources
The Economic Times, Business Standard, Study Groups
Career Connection
A strong grasp of fundamental economic principles is critical for understanding market dynamics and informing business strategy, highly valued in consulting and research roles.
Strengthen Quantitative Foundations- (Trimester 1-3)
Excel in Business Statistics and Quantitative Techniques. Utilize online platforms like Coursera for refresher courses in statistics or econometrics basics, and practice data interpretation using tools like Excel or R. A solid grasp of quantitative methods is crucial for understanding advanced economic models and preparing for analytical roles in financial services or consulting.
Tools & Resources
Coursera, edX, Microsoft Excel, R/Python
Career Connection
Proficiency in quantitative techniques is a key skill for roles involving data analysis, forecasting, and economic modeling, directly impacting employability in analytical positions.
Engage in Interdisciplinary Learning- (Trimester 1-3)
Connect economic concepts with other core management subjects like Finance, Marketing, and Strategy. Actively seek cases where economic principles explain business phenomena. This holistic approach, fostered through discussions and project work, helps in developing a comprehensive business perspective, critical for roles requiring cross-functional understanding in Indian corporate environments.
Tools & Resources
Case Studies, Project Work, Peer Discussions
Career Connection
Developing a holistic understanding of business functions through an economic lens prepares students for strategic roles that require integrating diverse perspectives, common in top management consulting firms.
Intermediate Stage
Specialize in Economics Electives- (Trimester 4-6)
Strategically choose Economics electives like Econometrics, Game Theory, and Indian Economy to build a focused expertise. Participate in advanced workshops on statistical software (R, Python, Stata) and financial modeling. This targeted learning is key to developing niche skills sought by economic consulting and financial research firms in India.
Tools & Resources
R, Python, Stata, EViews, Workshops
Career Connection
Deep specialization in econometric tools and specific economic areas directly enhances marketability for roles requiring advanced analytical and modeling skills, such as economic analysts and quantitative researchers.
Pursue Research & Industry Projects- (Trimester 4-6)
Actively seek out opportunities for research projects under faculty guidance or industry projects during internships. Focus on applying economic theories to real-world Indian business problems, such as market entry strategies for specific sectors or impact assessment of government policies. This practical application enhances problem-solving skills and builds a strong portfolio for placements.
Tools & Resources
Faculty Mentorship, Industry Internships, Research Databases
Career Connection
Practical experience through projects demonstrates the ability to apply theoretical knowledge to solve real business challenges, significantly boosting placement prospects in analytical and consulting roles.
Network with Industry Experts & Alumni- (Trimester 4-6)
Attend industry seminars, workshops, and guest lectures focused on the Indian economy and financial markets. Connect with XLRI alumni working in economic roles, participate in LinkedIn discussions, and seek mentorship. Building a strong professional network is invaluable for internship and placement opportunities, as well as gaining insights into industry trends.
Tools & Resources
LinkedIn, Industry Conferences, XLRI Alumni Network
Career Connection
Networking opens doors to hidden job opportunities, mentorship, and industry insights, which are crucial for navigating the competitive Indian job market and securing ideal placements.
Advanced Stage
Case Study & Interview Preparation- (Trimester 6 (Pre-Placement))
Practice economic case studies extensively, focusing on current Indian economic scenarios and policy implications. Participate in mock interviews for consulting, finance, and analytics roles, refining your ability to articulate economic reasoning clearly and concisely. Utilize resources from career services and alumni to prepare for the specific demands of Indian recruiters.
Tools & Resources
Case Interview Prep Books, Mock Interviews, XLRI Career Services
Career Connection
Excelling in case studies and interviews is paramount for securing offers from top-tier consulting firms, investment banks, and strategy roles, which often use case-based assessments.
Build a Professional Portfolio- (Trimester 5-6)
Compile a portfolio of research papers, project reports, and data analysis assignments demonstrating your economic modeling and analytical skills. Highlight contributions to understanding the Indian market or specific industry sectors. A strong portfolio showcases practical capabilities and differentiates candidates in competitive placement processes.
Tools & Resources
GitHub (for code), Personal Website/Blog, Project Documentation
Career Connection
A curated portfolio acts as tangible proof of skills and experience, making a candidate stand out and directly influencing recruiters'''' decisions for technical and analytical roles.
Refine Career Strategy & Negotiation- (Trimester 6 (Placement Season))
Identify target companies and roles in India that align with your specialized economic skills. Work with XLRI''''s placement cell to refine your resume and cover letter. Practice salary negotiation techniques, understanding market benchmarks for economic roles in India to secure a favorable offer and embark on a successful career trajectory.
Tools & Resources
XLRI Placement Cell, Industry Salary Reports, Negotiation Workshops
Career Connection
A well-defined career strategy and effective negotiation skills ensure that graduates secure roles that match their aspirations and market value, leading to a strong start in their professional journey.
Program Structure and Curriculum
Eligibility:
- Recognised Bachelor''''s Degree of minimum three years duration in any discipline from a university recognised by UGC, AIU. Appearing for the final examination and completing it by June of the admission year is acceptable. XAT test score is mandatory.
Duration: 2 years (6 trimesters)
Credits: Credits not specified
Assessment: Assessment pattern not specified
