GATE Economics Career Scope – Job Opportunities & Seats in IIT, IISc

Gate economics is one of the Newest subject included in GATE exam As per the popularity of this exam every year 2000 to 3000 students appeared for GATE economics in this article we will discuss all the job opportunities after secured good rank in GATE economics exam We will Also understand seat matrix in IIT & IISc and other job opportunities. read this article in detail to know each and everything about the career options after gate economics Ranked Good Score.

Overview of Gate Economics Exam 2024-

Take Free Demo of Complete Study Notes of GATE Economics – Click Here

Seats Available in IIT for GATE Economics [PG] Master’s

There are 60+ seats available in 3 IITs for the Economics M.Sc & MA Course. You can check the courses available in each IIT from the table given below.

What is the Difference & Advanatage between GATE Economics & IIT -JAM Economics ?

Gate Economics and IIT JAM Economics both are the Gateway to get admission in IIT both are very relevant all the IIT’s which offer master’s programs in Economics accept the score of gate Economics and as well IIT JAM Economics Score. As per the Exam Pattern of IIT JAM and Gate economics it’s quite similar and the syllabus also quite familiar and the level of the paper also quiet Same and number of seats in both IIT Roorkee & Delhi also equal. Either you qualified IIT JAM or GATE Economics you will avail Same Benefits but as per the Paper pattern & Difficulty Level might be Gate economics is easier than IIT JAM economics to avail admission in IIT you can choose any of the Gateway Every Year Around 3000 Students Apperead for GATE Economics & for IIT JAM Around 8000 to 10000 Students.

Take Free Demo of Complete Study Notes of GATE Economics – Click Here

List of Opportunities After Clearing GATE Economics Exam

Here are some opportunities through GATE.

1. Postgraduate Entrance (MSc, MA Economics)

You might think of higher studies after completing your graduation and MSc Economics is the most popular option for engineering students after graduation. It will provide you to get expertise in your area so that you will be able to get a good job anywhere you want. Most companies search for postgraduates as they are better at problem-solving skills. Although you will get many more opportunities after graduation, a master’s degree will gradually increase your job opportunities and give you a job in reputed MNCs.

Different benefits of the M.Tech program are:

• Some of the top companies hire from institutes like IIT and NIT. They look for students with experience, and experience can come after you finish your MSc Economics.
• Higher pay packages
• Faculty/Research positions in educational institutes and most of the R&D centers.

GATE scorecard is valid for MSc/MA Economics admission for 3 years.

2. Public sector units (PSU)

GATE exam became hype after various public-sector units (PSUs) signed a memorandum of understanding (MOU) with IITs for recruitment through GATE. So, clearing the GATE examination can also help you get government sector jobs.

GATE Score Card is used by various PSUs for hiring candidates. PSUs like ONGC, GAIL, IOCL, PGCIL, NLC, NTPC, NLC hire through GATE Scores followed by Group Discussion, Personal Interview, and Group Task. Even DRDO sometimes recruits through GATE Scores else it will conduct its own written test. Some PSUs like SAIL, ISRO, VIZAG, BEL, BSNL

Some of the leading PSUs in India use GATE scores as their eligibility criteria:

• Mecon Limited (MECON)

• Power Grid India (PGCIL)

• Heavy Engineering Corporation Limited (HECL)

• Bharat Petroleum Corporation Limited (BPCL)

• Gas Authority of India Limited (GAIL)

• Hindustan Petroleum Corporation Limited (HPCL)

• Bharat Electronics Limited (BEL)

• National Thermal Power Corporation (NTPC)

• Bharat Heavy Electrical Limited (BHEL)

3. Ph.D. Entrance

• A Master’s degree leads to specialization, cultivates, and brings out the best of your interest in a certain area which may further interest you in research/Ph.D.
• Based on the GATE score, some of the foreign university (Like NTU, Singapore) offers Ph.D. position without any GRE score.
• The recruitment process for the Ph.D. program includes a valid GATE score and then facing an interview panel based on the respective interest area.

4. Fellowship Program in Management (FPM)

It is a five-year program run at IIMs. This program has the following features:

• A monthly stipend is offered of Rs 29,000-30,000
• No tuition fees for almost four years and nine months
• Students who live off-campus will get a house-rent allowance (HRA) of Rs 8,000 for a single student and Rs 13,000 for married students

For more details, you can visit different IIM websites.

5. Research Opportunities

• GATE-qualified students are also eligible for the award of Junior Research Fellowship in CSIR Laboratories and CSIR sponsored projects.
• There are some particular research positions available through GATE in Bhabha Atomic Research Center (BARC). However, BARC conducts its examination for recruitment. Also, industries like ISRO conduct their exams in a similar pattern as GATE.

GATE Economics[Humanities & Social Science] Study Tips How to Crack in First Attempt –

You Just Have to Fellow These Simple Steps to Crack GATE Economics Exam –

• Allow 120 day for preparation of Economics Subjects.
• According to this timetable, divide each topic week wise.
• Look at the syllabus for Economics – GATE
• Check out the Best Study Notes available at Diwakar Education Hub
• During the preparation time, make summary notes for each and every topic
• don՚t waste time to deciding which topic is most important and which is not, give equal attention to each topic
• If possible Make List of the week with topic you allotted and one extra column which is about you successfully completed this topic or not, Because it will helps you later when you revise the syllabus (it՚s silly but try it)
• Do not depends on just one material try to get more and more information from different books, Wikipedia , various blogs and websites and video tutorials.

Step 2: Solve Previous Year Paper

• After completion of preparation it՚s not over here, it՚s just first step. Next step is evaluation of your preparation which is done by solving previous year papers.
• Spend at list one week time for this paper solving section, because you will get better idea about your preparation week area and paper pattern.

Step 3: Revision

• After gathering your weakness next step is revision.
• Same as above allot at list 1 to 2 weeks for revision and in this days go through all the notes which you prepare and week topics gathered in paper solving.
• Also check reviews for each topic you have made and study according to that.

GATE Economics Four-Month Preparation Plan 2024

GATE 2024 will be conducted in February. This gives you 4 months to prepare for the examination. Now we are fully aware of the fact that a single time-table cannot suit everyone’s preference. So, being mindful of that, we have prepared you a standard plan which you can modify as per your Schedule and daily schedule. 

FAQs Regarding Opportunities after GATE Economics

Q1. What is the GATE Cut Off for Economics 2021 ? 

Ans – Here are Cut -off Marks & Highest Marks out of 100 GATE Exam 2021

Question -2 Are candidates allowed to use a physical calculator to solve long and complex calculations asked in GATE Question Paper?

Ans. All the candidates are provided with an online virtual scientific calculator to be used to answer the questions. However, it is important to understand that this virtual calculator would be available to use only in the selected questions and not in all the questions. This virtual calculator has the same capability as a scientific calculator

Question -3: Is there any eligibility criteria regarding the nationality of a candidate?

Ans: No, candidates from India as well as other countries can apply for GATE 2022.

Question -4: How is the GATE cutoff decided?

Ans- GATE cutoff is decided by considering various factors like number of applicants, availability of seats, difficulty level of exam and performance of candidates. The conducting institute decides the cutoff in consultation with other responsible authorities.

Question -5 How easy to crack GATE Exam?
Ans: Cracking any exam needs a lot of hard work, time management, dedication and proper use of resources. If you are dedicated to crack GATE, you can clear it easily.

GATE Economics XH-C1 Sets of 3 Theory Books Covered all 7 Chapters As Per Exam Pattern

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