M.Sc. in Agricultural Economics is a 2-year full-time post-graduate course divided into 4 semesters. This course has been designed to offer to eligible students the essential academic tools required for theoretical and empirical economic analysis, most particularly in relation to the renewable natural resources sector.
The course aims to equip students with the requisite technical skills that are relevant to the field of Agricultural Economics, while maintaining a focus on applications rather than abstract analysis.
Students have the option of choosing course modules oriented towards development, production, marketing, and economic transition. The course has been designed for those wishing to become Agricultural Economists, or undertake higher studies within this area. The course consists of elements of study concerned with both local development and wider international trade.
Economics in this discipline, is applied to measure the impact of agricultural practices, and attempts to forecast it. As such, a Masters in Agricultural Economics can lead to a range of professional opportunities. Students are taught to develop advanced numerical skills in mathematical modelling and Econometrics, as well as expertise in analysing economic or agricultural policies. Potential employers include agribusiness companies and similar commercial organisations.
More diverse careers are also available in fields such as market research, development or areas of public policy related to agriculture and food production. Such postgraduates are hired for roles involving impact assessment and evaluation studies of agricultural development programs and technologies.
Enrolled students are also offered practical experience in rural surveying or planning, farm management, or other types of agricultural work. These applications are often essential for trainee jobs and such work experience opportunities.
The average annual course fee in India ranges between INR 1,000 and 2 lacs, depending upon the institute offering the course. The average annual salary offered in India to successful postgraduates of the course ranges between INR 1 and 10 lacs, depending upon the candidate’s expertise in the field.
Top Colleges for Master of Science [M.Sc] (Agricultural Economics)
- Master of Science [M.Sc] (Agricultural Economics) in Uttar Pradesh
- Master of Science [M.Sc] (Agricultural Economics) in Maharashtra
- M.Sc (Agriculture) in Delhi-NCR
- M.Sc (Agriculture) in Maharashtra
- M.Sc (Agriculture) in Chennai
- M.Sc (Agriculture) in Uttar Pradesh
M.Sc. in Agricultural Economics: Course Highlights
Tabulated below are some of the major highlights of the course.
|Course Level||Post Graduate|
|Examination Type||Semester System|
|Eligibility||Bachelor’s degree in agriculture or an equivalent stream|
|Admission Process||Counselling after qualification of relevant entrance examination|
|Course Fee||INR 1,000 to 2 lacs|
|Average Starting Salary||INR 1 to 10 lacs|
M.Sc. in Agricultural Economics: What is it About?
M.Sc. in Agricultural Economics is a social science program that focuses on economic methods and tools employed in solving agriculture-related issues. Enrolled students are taught to
- assess international Economics, Agribusiness Economics, and Development Economics issues and related decision-making processes
- work with legislation and relevant institutions, and to analyse interdisciplinary topics from an economic angle.
- communicate academic issues and solutions to peers and the public
- acquire familiarity with the economic policy landscape
- analyse and advise on international economics and development and/or industrial economics from a food policy perspective.
- Understand economic incentives and how they can regulate the consumption and production of food
- Understand industrial organization, innovation in the food industry, and the agribusiness value chain from farm to fork.
Top Institutes Offering M.Sc. in Agricultural Economics
Some of the top institutes offering the course in the country with the corresponding locations and fees charged by the respective colleges are listed below.
|NAME OF INSTITUTE||CITY||AVERAGE ANNUAL FEES|
|Lovely Professional University||Jalandhar||INR 1,98,000|
|RIMT University||Punjab||INR 1,30,000|
|Dolphin PG Institute of Biomedical and Natural Sciences||Dehradun||INR 1,45,000|
|Suresh Gyan Vihar University||Jaipur||INR 1,56,000|
|Sanskriti University||Mathura||INR 60,000|
|Uttaranchal College of Biomedical Sciences and Hospital||Dehradun||INR 1,20,000|
|BFIT Group of Institutions||Dehradun||INR 1,17,000|
|Amity University||Noida||INR 1,35,000|
|Banaras Hindu University ||Varanasi||INR 1,000|
|Maharishi Dayanand University||Rohtak||INR 20,274|
|Andhra University||Vishakhapatnam||INR 1,01,000|
|Uttaranchal University||Dehradun||INR 1,52,000|
|BU||Uttar Pradesh||INR 30,000|
|Alpine Group of Institutes||Dehradun||INR 60,000|
Eligibility for M.Sc. in Agricultural Economics
Aspiring candidate seeking admission to the course, as a minimum criterion of eligibility, are needed to have:
- Completed graduation in the discipline of Agriculture from a recognized university.
- A minimum aggregate score of 60% (50% for SC/ST candidates) at the levels of 10+2 and graduation.
M.Sc. in Agricultural Economics: Admission Process
Admission to the course is provided to eligible candidates on the basis of performance in a relevant entrance examination, which is conducted either by the concerned institution or at the State or national level. A cut-off score is set for the examination and students clearing that are eligible for the counseling process.
The counseling process comprises two additional rounds of Group Discussion and Personal Interview, wherein the candidate’s general aptitude for the course is examined, and seats are allotted to qualifying students.
Although, there are some colleges in India that provide admission on the basis of marks scored in last qualifying examination (graduation).
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M.Sc. in Agricultural Economics: Syllabus and Course Description
A semester - wise breakup of the course’s syllabus is tabulated below.
|Micro economic theory and application||Agricultural marketing price analysis|
|Macro-economics and policy||Research methods for social sciences|
|Agricultural production economics||Econometrics|
|Agricultural finance project management||Master’s seminar|
|Agricultural development and policies||Comprehensive|
M.Sc. in Agricultural Economics: Career Prospects
Agriculture is the science of plant breeding that is consumed by human beings. With the commercialization of horticulture and agriculture, there are wide-ranging opportunities for paid jobs as well as private enterprises.
Horticulturists and Landscapers are also employed in hotels, resorts, and in health farms in order to decorate their settings. These students can work as distributors, supervisors, researchers, and engineers, or start their own business.
Some of the top professional avenues open to such postgraduates are listed below with the corresponding salaries offered for the respective positions.
|JOB POSITION||JOB DESCRIPTION||AVERAGE ANNUAL SALARY|
|Agriculture Consultant||Agricultural Consultants assist farmers by providing information and strategies related to pest control, some farming techniques and more. They may specialize within an agricultural specialty such as communications, sales, animal care, soil testing or horticulture. Their duties and responsibilities typically include collecting information, and analysing a problem whether it is increasing crop production or eliminating pests and developing solutions in keeping with accepted standards of agricultural practices.||INR 1,50,000|
|Teaching Assistant||The duties of a Preschool Teacher's Assistant include interacting with children, preparing snacks, colours and shapes, teaching children about numbers, helping them get dressed, and changing their diapers when needed. Assistants also evaluate students' social development and physical well-being. They should be prepared to take on the role of lead teacher when needed. They may work specifically with children who have developmental disabilities. They can help them with exercises and games designed to facilitate their development. They work to be supervised by qualified therapists or teachers.||INR 2,43,000|
|Research Investigator||Field Investigators, also known as Private Investigators, perform surveillance and research for a corporation, law enforcement agency or individual clients. With a given case, they perform interviews and observation on a given situation to determine the nature of what is happening for a client. This career requires some prior work experience and State licensure. Postsecondary training can be helpful as well.||INR 6,40,000|
|Farming Manager||Farm Managers have many responsibilities besides supervising a farm, such as manual labour. They decide which plants and how many crops to lay down every season. They make these decisions based on weather projections, familiar disease and fluctuations in the market. They may also have to seek out buyers and sell products for the maximum amount of profit. They create planting and harvesting schedules and oversee the work done by operators and other farm employees.||INR 9,22,000|
|Commodity Analyst||A Clinical Research Analyst works on medical studies designed to measure the effectiveness of a drug, and medical device or process on the human body. Some clinical research is often conducted in a hospital, medical facility or laboratory, and some research analysts work alongside professionals within the medical field. Role of a Clinical Research Analyst is broad and can vary from employer to employer. Some of their responsibilities entail working with physicians or scientists who oversee clinical research. They may also interact directly with patients by screening them as potential candidates or collecting data needed for the study.||INR 7,50,000|