Contributor: Vardhan Koshal (2008-10 Batch)
Well like any other residential program, this one is likely to become the most memorable period of your life. The fact that a group of 70 odd students living together 24 hrs a day, discussing everything under the sun, will ensure that you not only complete Masters in Economics, but also in subject called Life, in general. The place is great, both weather-wise and academically.
Established in 1931, this Institute has been a historical academic and research center for Economics in India. The great economists like Dr. Kale, Dr. Rath, Dr. Dandekar were the nurturers of academic environment of the Institute in the past. Several current prominent economists have been associated with this place at some point of their journey of learning. Dr. Dhananjay Rao Gadgil library is one of the biggest in India and among the most exhaustive in South Asia with scholars visiting from several nationalities to refer journals and books, some of which are extinct now. The placements are great with most of the students securing placements from the campus itself in various corporate and research houses. Internships are good too. The students of 2008-10 have already secured internships at Gramin Bank, UNICEF, RBI, NCAER, IFPRI, Dept. of Public Enterprises etc. Few opt for higher studies and are successful in that as well.
The Institute boasts of highest number of electives for Economics course in India, 32 for 16 required for completion of degree. MA theses is compulsory in 2nd year providing a nice primer for research. Subjects like Transport Economics, Environment Economics, Law and Economics etc are rare to be found anywhere else in India. There is something about the course structure which makes it easy for easy-goers and exhaustive for those who like challenges. Four compulsory courses in Micro and Macro will test all the mathematics you always ignored while you could have. One compulsory and an optional in Econometrics goes a long way in pursuing the employers of ones knowledge base. The additional optional coursework in Statistical Softwares ensures every possible edge you can carve in these two years.
But there are thorns for this rosy experience too. The faculties come and go quite frequently and the great names are rare to be found these days in faculty list. Sometimes the coverage of a wonderful on paper course leaves something to be desired. But then I guess, this problem is quite common these days at places like these. We keep hearing about the big expansion plans and they seems quite probable at this point of time too. But nothing can be guaranteed.
All said and done, I would recommend this Institute for anyone looking for a good learning experience and a nice corporate job thereafter.