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2-Year M.A.Programmes

Madras School of Economics offers the following 2-year (4 semester) Post Graduate programmes, Awarded by the Madras School of Economics under its degree granting power as per MSE Act 2020.

The core courses lay the foundations for the basic theory and give students a feel for how it is being played out in real economies. The courses in Statistics, Optimization Techniques, Econometrics and Applied Econometrics equip them with a good range of skills and tools for quantitative analysis. The compulsory course in Fiscal and Public Policy provides a unique opportunity to understand the policy prescriptions for a developing country like India. In addition, depending on the demand, courses on subfields like Development Economics, Financial Economics, Health Economics, Games and Information, Industrial Economics, Agricultural Economics, Indian Economic Development, International Trade and so on are offered as electives

The core courses lay the foundations for the basic theory and give students a feel for how it is being played out in real economies. The courses in Statistics, Mathematical Methods, Econometrics and Applied Econometrics equip them with a good range of skills and tools for quantitative analysis. In addition, a range of onesemester elective courses to choose from are offered in the following specialized subjects- Risk Management, Investment Banking, Financial Regulation and Banking Supervision, Games and Information, Stochastic Models, Economics of Insurance, Empirical Methods in Finance.

There has been an exponential increase in the demand for qualified financial analysts. Qualified financial analysts should have the ability to adequately capture stylized facts in financial markets through effective models, and the ability to estimate and evaluate the models. The masters program in Applied Quantitative Finance aims to develop such skilled financial analysts. The program is geared towards presenting the central concepts in clear, analytical, mathematical and computational detail with an emphasis on the underlying intuition. In addition, Business Case Studies would be provided wherever it is necessary. The elective courses include applied econometrics, stochastic models, advanced techniques in finance, financial instruments and markets, and artificial neural networks.

The Insurance sector in India is growing at a fast rate. Qualified Actuaries are in high demand as there is considerable shortage of trained Actuaries in India. A well-qualified actuary has to be an expert in applying mathematical, statistical and economic analysis to a wide range of decision-making processes in the fields of insurance, retirement and other benefits, and investments. The M.A. Actuarial Economics program is designed keeping in mind the courses and syllabi prescribed by the Institute of Actuaries of India. The elective courses include: appliedeconometrics, advanced techniques in finance, health economics, stochastic models, and survival models.

Concerns about over-exploitation of resources and degradation of environment have been on rise in India and other countries over the past fifty years. High economic growth often comes at the cost of environmental degradation as seen in several countries and hence careful attention to sound environmental policies is extremely important if India were follow sustainable development path. Businesses world over have also started understanding the importance of doing ‘green’ business. The objective of the M.A. Environmental Economics is to provide students with rigorous and specialized training in economics of the environment. The elective courses include: applied econometrics, social cost benefit analysis, energy economics, trade and environment and global climate change.

M.A. Admission – Notification

Application Procedure for M.A. General Economics/M.A. Financial Economics/ M.A. Applied Quantitative Finance / M.A. Actuarial Economics / M.A. Environmental Economics:

Admission Notice 2022
Program Brochure 2022

   *updated with sample questions 

Online Application Form
Admit Card download link

MSE courses are recognized as advanced courses by academic circles and the market. Campus recruitment takes place in the 3rd semester by various leading businesses and other institutions. Our students have been recruited by leading organizations like HSBC, Nathan Associates, IFMR, Citigroup Global Services (CGSL), Hewlett Packard, Symphony, Mu Sigma, Infosys BPO and Genpact.


a) Undergraduate degree in social sciences (including commerce & management), sciences, or engineering (including those who are appearing for their final year exams in the AY 2021).
b) The eligible candidates must secure at under-graduation level: 55% for General category;
50% for OBC – Non Creamy Layer; 45% for SC/ST/PWD candidates.

c) The eligible candidates should not have completed 25 years as on 1st July 2021.
d) The candidates should have studied mathematics at plus two level, or its equivalent – which includes, pass certificate from National Institute of Open Schooling for mathematics at Senior Secondary level, or completion of mathematical economics course(s) at under-graduate level.

Number of Seats

The intake under each of the five M.A. Programs will be 47, including 35% quota for the resident students of Tamil Nadu.

Application and Basis of Selection

Admission will be based on entrance test at designated centres in India, subject to fulfillment of eligibility criteria. In case of tie in entrance test marks, merit ranking will be based on percentage of marks obtained in the qualifying examination, and age.