MSE is recognized by both Madras University and Central University of Tamil Nadu, Thiruvarur as an institution in which research work leading to Ph.D. can be conducted. Ph.D. students are selected on the basis of their performance in the entrance examination and a research proposal.
Students admitted to the Ph.D. programme are advised by their respective doctoral committees to take a course work in economic theory, quantitative techniques and in one of the following fields of specialization – International Economics, Capital Markets, Financial Services, Industrial Economics, Energy and Environmental Economics. They also have to write a dissertation. The Ph.D. Scholars will be given an opportunity to interact with foreign and Indian economists during MSE seminars, to visit other research institutions and to participate in the research activities of the school. They are given financial support. However continuation of financial support will be conditional on good academic performance.