About Madras School of Economics (MSE Chennai), Chennai

Chennai (Tamil Nadu)   Estd : 1995 Approved by : NAAC Type : Private

About Madras School of Economics

  • In recent years there has been increasing concern about the deterioration in the standards of higher education in economics in the country.
  • Undoubtedly, India has produced and continues to produce economists of high calibre who have made valuable contributions to theory and policymaking.
  • However, at present, there are only a limited number of centres of excellence in post-graduate teaching and research in economics in the country.
  • For various reasons, some of which are well known, these centres of excellence have been dwindling in number.
  • It is unfortunately true that today there are very few schools where teaching and research in economics reach up to the best international standards.
  • On the other hand, the services of well-trained, competent  economists are in great demand, and the demand is expected to grow exponentially with the rapid growth and globalization of the economy.
  • A fast growing economy such as India needs the services of a large number of well-trained economists.
  • The government, whose economic policies vitally affect the growth trajectory of the economy as well as its stability, needs well-trained economists at various levels.
  • The private sector, whose ambit and scope of operations are expanding and which has now entered several new areas such as banking, insurance, heavy industries and financial services, will also need economists of high calibre.
  • However, at present, there are only a limited number of centres of excellence in post-graduate teaching and research in economics in the country.
  • The number of young economists being produced by the shrinking number of centres of excellence is far from adequate to meet this rapid growth in demand for high-quality professionals from the public and private sectors, in addition to meeting the needs of universities.
  • It is in this context that a few prominent industrialists and academicians came forward to estabilish the Madras School of Economics(MSE).
  • The primary objective in founding the MSE was to create a Centre of Excellence in post-graduate education in economics in the country.
  • The starting of the MSE can be looked upon as a venture to establish a largely privately funded independent institution of higher learning in a vital field of social sciences.
  • The aim is to attain standards prevailing in some of the best schools of economics abroad. Merit will be the major consideration in the recruitment of staff and the admission of students subject to certain statutes governing reservations.
  • Enrolment is being done on the basis of national competition since MSE is a national institution, though named after the southern city of its physical location.
  • It was decided to build up MSE as a largely privately funded institution.
  • The need for private initiatives in higher education was felt because of the resource constraint faced by the government and more importantly because private institutions, duly accredited, would have greater flexibility for innovation and introduction of stricter standards.
  • The hope was that after MSE had become fairly well-established, it could be approved as a deemed university and then it would have both autonomy and the approval of the University Grants Commission.

Awards & Rankings

  • Dr. Zareena Begum Irfan, Associate Professor, MSE has been selected to be conferred with the “Young Scientist of the Year” Award by the International Foundation for Environment and Ecology on March 27, 2017
  • The Faculty and Staff of MSE congratulate Team MSE (Aakash, Abishek, Pranjal, Tuhin) for winning the South Zone Round of RBI Policy Challenge 2017

Madras School of Economics Vision and Mission

MSE aims to become an internationally recognised Centre of Excellence in economic studies, attracting the best of students and teachers from different parts of the country

Director Message

We are currently marking a quarter century since the forces of liberalisation, marketisation, and globalisation started to move the Indian economy on an upward development trajectory and make India count as one of the better economic performers among the family of nations. During the same time period, the demand for sound economics and financial literacy has been steadily increasing.

The Madras School of Economics (MSE) has also completed two decades since its founding by well known economist, Dr Raja Chelliah with support from the Government of India, the State Government of Tamil Nadu, leading industrialists, economists, and many public sector banks. Within a short span of time, it has emerged as one of the leading institutions in India for both the teaching and research of economics. At a time when economics and finance have become critical subjects of inquiry, we are pleased to have our students come from all parts of the country seeking a top class Master’s degree. The Doctoral program continues to grow. The faculty of MSE remain very committed to teaching our graduates even as they maintain their active research programs. The Institute is privately funded (and not for profit) and MSE’s activities are guided by an independent Board of Governors under the visionary leadership of its current chairman, Dr C. Rangarajan. MSE has also been home for the past 12 years to the Centre for Excellence in Environmental Economics, funded by the Central Ministry of Environment, Forest and Climate Change.

At present, MSE offers five post graduate degrees leading to a M.A. degree in (a) General Economics, (b) Financial Economics, (c) Actuarial Economics, (d) Applied Quantitative Finance, and (E) Environmental Economics. The school is home to about 275 students and offers these degrees in collaboration with the Central University of Tamil Nadu at Thiruvarur. These 5 graduate programmes are unique and equal in their treatment as we follow a quantitative, data driven, analytical approach in all tracks. Potential employers of MSE graduates find our students to be well versed in economic theories and have a solid command of quantitative techniques and econometric software. MSE alumni have been placed well over the years and work in various fields ranging from academia to analytics, from banks to NGOs, and from research think tanks to policy making bodies.

On behalf of the faculty and staff of the Madras School of Economics, I invite you to explore the website and learn more about our offerings in these exciting areas of study.

Dr. Sunder Ramaswamy
– Director


On behalf of Madras School of Economics (MSE), I greet all of you who are watching this website. MSE was set up more than two decades ago with the objective of creating in Chennai a centre dedicated to research and higher education in Economics. The Post Graduate M.Sc. programme has grown in size and we today offer five specialities and have an intake of around 150 students each year. The programmes are aimed at equipping the students with the latest developments in the discipline along with the necessary skills in statistics and analytics. Research is no less important. The research activity of the faculty covers every aspect of the discipline of economics. Particular mention must be made of the work in the area of environment which has led to the establishment of Centre of Excellence in Environmental Economics. The physical infrastructure including buildings and computer facilities are expanding. The placement record of the graduating students has been impressive. On the whole, we have lived up to the original vision with which the Institution was set up. It will be our endeavour to maintain and improve upon the high quality of the Institution.

– Chairman

Contact Details of Madras School of Economics, Chennai

  • Contact No:
    044 - 22354846
  • Email ID:
  • Website:
  • Address:
    Gandhi Mandapam Road , Behind Government Data Center, Kottur , Chennai, Tamil Nadu, India -600025