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Meet Our Chairman

On behalf of Madras School of Economics (MSE), I greet all of you who are watching this website. MSE was set up more than two decades ago with the objective of creating in Chennai a centre dedicated to research and higher education in Economics. The Post Graduate M.A. programme has grown in size and we today offer five specialities and have an intake of around 150 students each year. The programmes are aimed at equipping the students with the latest developments in the discipline along with the necessary skills in statistics and analytics. Research is no less important. The research activity of the faculty covers every aspect of the discipline of economics. Particular mention must be made of the work in the area of environment which has led to the establishment of Centre of Excellence in Environmental Economics. The physical infrastructure including buildings and computer facilities are expanding. The placement record of the graduating students has been impressive. On the whole, we have lived up to the original vision with which the Institution was set up. It will be our endeavour to maintain and improve upon the high quality of the Institution.
While its Master’s Degree Programs related to Economics has gained popularity, MSE in its Silver Jubilee Year (2018) obtained “A New Technical Institution” status with the approval of All India Council for Technical Education (AICTE), Ministry of HRD, Government of India and started 2 two years full-time Post-Graduate Diploma in Management (PGDM) courses, namely PGDM Finance and PGDM Research and Business Analytics.
Another important milestone in the history of MSE is that in view of MSE’s significant contributions to Post Graduate Teaching and Research in Economics, the Government of Tamil Nadu has recognized MSE as an Institute of Special Importance in economics, allied subjects, and management with degree-granting power through the Madras School of Economics Act, 2020. MSE has also been recognized by UGC as an independent degree-granting Institute from the academic year 2021-22 onwards. The M.A. and Ph.D. degrees for students registered at MSE from the academic year 2021-22 onwards will be awarded by MSE.
– Chairman
director mse

Meet Our Director

Greetings from Madras School of Economics!

With effect from April 1, 2021, Madras School of Economics (MSE) has emerged as an “Institute of Special Importance” as recognized by Government of Tamil Nadu. It is an important milestone and recognition for its Academic Services under the Guidance and Leadership of our Chairman Dr. C. Rangarajan (former Chairman of Economic Advisory Council to Prime Minister Dr. Manmohan Singh and former Governor of Reserve Bank of India) and other Board of Governors of MSE. During the last 27 years, with the blessings of our founder Chairman late Dr. Raja J Chelliah and current Chairman Dr. C. Rangarajan, MSE has achieved remarkable progress and has emerged as a leading Centre of Research and Higher Learning in Economics, its allied subjects and Management in the country.

MSE is unique as it is the only institute in the country offering five Post Graduate Degree Programs related to Economics, namely M.A Actuarial Economics, M.A Applied Quantitative Finance, M.A Environmental Economics, M.A Financial Economics and M.A General Economics. It also offers two 2-year Post Graduate Diploma in Management Programs in Finance and Research & Business Analytics (approved by the All India Council for Technical Education).  It also offers both full time and part time Ph.D programs in Economics and Management. It plans to offer Under Graduate Program in Economics from the academic year 2022-23.

As MSE adopts quantitative, data driven and analytical approach, these programs attract students from all over India seeking a top class P.G. degree. Students of these programs are well placed every year.

MSE’s priority areas of research are: Public Finance, Macroeconomic modeling, Environment and Trade, Finance, Development Economics, International and Industrial Economics. MSE has been designated as a Centre of Excellence in Environmental Economics by the Ministry of Environment and Forests, GOI. It has established a prestigious Decision Science Lab. It has completed many research projects funded by World Bank, UNDP, SANDEE, British High Commission, RBI, NLC, NTPC, Finance Commission of India, Planning Commission of India, Ministry of Environment and Forests, Tamil Nadu State Planning Commission, Finance Department of GoTN, etc.

Although MSE is a privately funded (and not for profit), it has all infrastructure needed for a top class academic institution. For more details about our faculty, working papers, monographs, projects, campus life etc please explore the website.


Dr. K.R. Shanmugam
– Director and Professor