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PGDM-GM 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 focus within the PGDM (General Management) program at XLRI is designed for experienced professionals to understand the intricate economic forces shaping global and Indian business landscapes. It delves into micro and macroeconomic principles, policy implications, and their strategic relevance, preparing leaders to make informed decisions in a dynamic Indian industry context. The program differentiates itself by integrating economic theory with practical management challenges, fostering a comprehensive understanding of business economics.
Who Should Apply?
This program is ideal for mid-to-senior level professionals across diverse sectors aiming to deepen their understanding of economic analytics and policy-making. It suits those with prior work experience in consulting, finance, strategy, or public sector roles, seeking to transition into roles requiring robust economic foresight. Participants typically possess an analytical mindset and a keen interest in economic developments impacting business and corporate strategy.
Why Choose This Course?
Graduates of this program can expect to excel in roles such as economic consultants, policy analysts, strategy managers, or market intelligence leads within Indian and multinational corporations. Entry to experienced salary ranges in such roles typically vary from INR 20-50 lakhs annually. They will be equipped for growth trajectories in corporate strategy, investment banking, or public sector advisory, leveraging strong analytical and decision-making skills to drive organizational success in competitive markets.
Student Success Practices
Foundation Stage
Mastering Economic Fundamentals- (Term 1-2)
Dedicate time to thoroughly grasp core micro and macroeconomic concepts taught in Managerial Economics and Business Environment and Policy. Utilize supplementary online courses and readings to build a strong theoretical base and understand foundational economic models.
Tools & Resources
NPTEL courses on Economics, Coursera (e.g., Principles of Microeconomics), Textbooks by Mankiw or Pindyck & Rubinfeld, XLRI''''s internal learning resources
Career Connection
A solid foundation in economics is crucial for understanding market dynamics and policy impacts, essential for strategic decision-making and analytical roles in any managerial capacity.
Active Participation in Case Discussions- (Term 1-2)
Engage actively in case studies and group discussions related to economic scenarios. Analyze real-world business cases, contributing insights on market dynamics, pricing strategies, and policy implications to foster critical thinking.
Tools & Resources
Harvard Business Publishing cases, Ivey cases, XLRI''''s case study repository, Peer study groups
Career Connection
Develops critical thinking, problem-solving, and communication skills vital for presenting economic analyses and influencing strategic outcomes in a corporate setting.
Early Data Interpretation Skills- (Term 1-2)
Begin familiarizing yourself with economic data sources and basic statistical analysis. Practice interpreting economic indicators, policy statements, and their likely business impact using relevant data and simple analytical tools.
Tools & Resources
RBI website, NSO (National Statistical Office) reports, World Bank data, Basic Excel for data manipulation, Introductory statistics resources
Career Connection
Builds analytical acumen essential for roles in market research, financial analysis, and policy evaluation, enabling data-driven insights and evidence-based decision making.
Intermediate Stage
Specializing through Electives and Projects- (Term 3-4)
Strategically choose economics-focused electives like Game Theory, Behavioral Economics, or International Economics that align with your career aspirations. Pursue mini-projects or assignments exploring specific economic phenomena to deepen practical understanding.
Tools & Resources
XLRI elective selection guide, Faculty consultation, Industry reports, Academic journals for specific topics
Career Connection
Deepens domain expertise, making you a more attractive candidate for specialized roles in economic consulting, policy advisory, or strategy, showcasing a focused skill set.
Network Building and Industry Engagement- (Term 3-4)
Actively participate in economics-related seminars, workshops, and guest lectures organized by XLRI. Connect with faculty, alumni, and industry professionals in economic policy, consulting, and finance to broaden your professional network.
Tools & Resources
XLRI''''s alumni portal, LinkedIn, Industry conferences (e.g., CII, FICCI events), Student clubs focused on economics or finance
Career Connection
Opens doors to mentorship, potential live projects, and placement opportunities, providing invaluable insights into industry trends and specific role requirements.
Participating in Business Competitions- (Term 3-4)
Form teams and participate in national-level business strategy or case competitions that have a strong economic analysis component. Apply theoretical knowledge to solve complex business problems under time pressure and simulate real-world scenarios.
Tools & Resources
Competition platforms (e.g., HUL L.I.M.E., Tata Steel a-thon), XLRI''''s student competition clubs, Mentorship from seniors
Career Connection
Enhances practical application skills, teamwork, and presentation abilities, which are highly valued by recruiters for strategic and analytical roles, demonstrating leadership potential.
Advanced Stage
Focused Capstone Project on Economic Impact- (Term 5)
Choose a Capstone Project topic that allows for an in-depth economic analysis of a business problem, industry, or policy. Apply econometrics, game theory, or behavioral insights to derive actionable recommendations for strategic impact.
Tools & Resources
Faculty advisors, Access to industry databases (e.g., Bloomberg, Capitaline), Statistical software (e.g., R, Python, STATA)
Career Connection
Provides a tangible demonstration of your specialized economic expertise, forming a strong talking point for placements and enhancing your portfolio for advanced analytical and consulting roles.
Intensive Placement Preparation- (Term 5)
Tailor your resume and interview preparation to highlight your economic analytical skills, project experience, and insights relevant to consulting, strategy, or financial advisory roles. Practice case interviews focusing on economic logic and problem-solving.
Tools & Resources
XLRI Career Advisory Services, Mock interview sessions, Online resources for case interview preparation (e.g., Victor Cheng), Alumni network for industry-specific insights
Career Connection
Directly impacts securing desired placements in top-tier firms, enabling you to articulate your value proposition effectively and demonstrate readiness for demanding roles.
Advanced Economic Modeling and Policy Analysis- (Term 5)
Engage in self-study or advanced workshops on specific economic modeling techniques relevant to your chosen career path (e.g., CGE models, financial econometrics, public finance models). Critically understand current economic policy debates in India.
Tools & Resources
Online platforms for advanced econometrics/modeling, NIPFP (National Institute of Public Finance and Policy) reports, EPW (Economic & Political Weekly), IIMB Public Policy Review
Career Connection
Positions you as a thought leader in economic analysis, highly beneficial for roles in policy think tanks, economic research, or high-level strategic planning, driving future career growth.
Program Structure and Curriculum
Eligibility:
- Bachelor’s Degree in any discipline with a minimum of 5 years of relevant managerial experience as on March 31, 2024, for the 2024-25 batch.
Duration: 15 months (5 terms)
Credits: Credits not specified
Assessment: Assessment pattern not specified
