Welcome To

Meghnad Desai Academy of Economics

MDAE believes that the true purpose of education is to liberate the minds of young students. Set-up in 2014, the academy focuses on addressing the gap between what the industry needs and what traditional colleges offer. Through an amalgamation of theoretical rigor, industry exposure and personal mentorship, the Academy prepares students for real life, by nurturing excellence one student at a time.

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Post Graduate Diploma in Economics

  • Specializations – Data Analytics | Finance | Public Policy
  • Mode: 1 Year, Full-Time, Classroom Based.
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Post Graduate Diploma in Data Science & Finance

  • Mode: 1 Year, Full-Time, Classroom Based.
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What Alumni has to say about MDAE

I took up MDAE's PGD in Data Science & Finance (2023-2024) after a degree in Actuarial Science, and 1 year as an Actuarial Associate in an insurance company. I studied courses at MDAE such as Python, Econometrics, Data Analysis, SQL, Data Visualization, and Machine Learning. This helped me compliment my actuarial knowledge. I have now been hired by M&G PLC, an Insurance Consulting organization. I am a more versatile Actuarial Analyst now on account of the MDAE program. My CTC went up 1.75 times after the MDAE Program.

Nikhil Kulkarni, Actuarial Analyst at M & G
MDAE Alumnus, PGD Data Science and Finance

I took up MDAE's PGD in Data Science & Finance after a BAF degree, having completed 8 exams of actuarial science and 1.5 years as a Consultant in an insurance company. I studied courses at MDAE such as Python, Econometrics, Data Analysis, SQL, Data Visualization and Machine Learning. This helped me compliment my actuarial knowledge and double my compensation as a Senior Executive (Pricing) when I returned to a job after MDAE. I am a more versatile Actuarial Analyst now on account of the MDAE program.

Jainam Gada, Senior Executive Pricing, RGA
MDAE Alumnus, PGP Data Science and Finance

I recently received the prestigious Lord Meghnad Desai Best Dissertation Award at MDAE. Prof Shreshti Rawat's teachings have been very helpful and are a great base to build more knowledge upon. To give a snapshot, I worked on family structure and its impact on female labour force participation. I used the log-likelihood of a married woman staying in a joint family as an instrumental variable to tackle endogeneity. This went into another linear probability model for family choices, and those predicted probabilities later served as one of the instrumental variables in my main model. Prof Shreshti Rawat's class was a game-changer for grasping this stuff.

Mr. Drumil Shah, Senior Executive, Deloitte
MDAE Alumni 2022-23

My journey from Meghnad Desai Academy of Economics (MDAE) to Nielsen has been both challenging and rewarding. At MDAE, I developed strong skills in data analysis that really opened up exciting opportunities for me. The courses I took in Maths, Stats, Advanced Microsoft Excel, Econometrics. Python Programming, Data Analysis, SQL, Power BI, Machine Learning set me up for a career as a Data Analyst. MDAE placed me from campus as a Political Consultant at Varahe Analytics. There I managed projects like a survey on bus services in Himachal Pradesh. I am now preparing to step into my new role as a Live Data Production Editor at Nielsen in Mumbai, in a global, fast-paced environment. I’m looking forward to applying my skills to analyze live data for rugby and football matches.

Shivam Nayak, Live Data Production Editor at Nielsen
MDAE Alumnus, PGD Data Science and Finance

Top Companies Hiring MDAE Students

Highest CTC

15.5 Lakhs

100%

Placement Assistance

Top Companies

Big 4’s, Foreign Banks & Consultancies

Diverse Sectors

Consulting, Finance, Research & Policy, Data Science
Click here to download Placement Brochure

MDAE FAQs

MDAE offers a practical, industry-focused approach to education. Our curriculum is designed with inputs from leading economists, policymakers, and industry experts, ensuring students gain real-world skills beyond theory.

No! MDAE welcomes students from various academic backgrounds, including engineering, commerce, mathematics, and social sciences. Our curriculum is structured to bring everyone up to speed.

Applicants must have a bachelor’s degree in any discipline. While prior exposure to economics, mathematics, or statistics is helpful, it is not mandatory. We assess candidates based on academic performance, analytical thinking, and motivation to succeed in the field of economics & finance.

Yes, MDAE offers merit-based scholarships to deserving students. Scholarships are awarded based on academic performance, entrance test scores, and financial need. Details on how to apply are available on our website.

Yes! MDAE’s curriculum aligns with global standards, and our alumni have successfully pursued Master’s programs at top universities abroad in economics, public policy, data science and finance. Our faculty also provides guidance for applications and recommendations.

MDAE offers rigorous, full-time program with a demanding schedule of lectures, assignments, and projects. While part-time work may be possible, we strongly recommend that students focus on academics and industry exposure for the best learning experience.

Our faculty consists of renowned economists, policymakers, and industry experts who bring deep academic knowledge and hands-on experience, ensuring a dynamic and relevant learning experience.

Yes, MDAE has a strong placement support system with career mentorship, interview training, and direct recruitment opportunities. Our alumni have secured roles in policy think tanks, financial institutions, consulting firms, and corporate strategy teams at top organizations like JP Morgan, EY, Deloitte,CMIE, and SBI. The program equips you for diverse, high-impact careers in economics, data science, finance, and public policy.

The program is interactive, case-study-driven, and application-oriented, with masterclasses, industry projects, and guest lectures that prepare you for real-world challenges.

MDAE Events

Finance Beyond Numbers: Insider Lessons from a CFO

08th Mar, 2025 11:00 AM

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What's driving India's Economic Growth?

25th Jan, 2025 05:00 PM

Econometrics and Causal Inference: Navigating the Challenges in Empirical Research

18th Jan, 2025 11:00 AM

Research Writing Webinar

16th Jan, 2025 03:30 PM

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