Established in 2014, the Meghnad Desai Academy of Economics in Mumbai was founded as a niche institute by the noted economist Lord Meghnad Desai. MDAE focuses on applied economics and industry linkages. The academy offers 2 PGDM programs in partnership with the Gokhale Institute of Politics & Economics. The academy is affiliated with the Department of Economics at the University of Mumbai and is approved by the NAAC.
The Meghnad Desai Academy of Economics offers two PGDM courses in Economics, Data Science and Finance. Both courses are available for 1 year in full-time mode. Candidates with a minimum of 50% marks in their graduation are eligible to apply for these courses. The academy conducts its entrance exam to admit students. If an applicant obtains valid marks in the GMAT or CAT, they may be exempt from appearing for the MDAE entrance exam.
MDAE has a dedicated placement committee that ensures 100% placement support. The institute has achieved a 90% placement and interview rate in 2024-25. The applications to MDAE are accepted online. The highest salary offered in 2023 was INR 15.5 LPA, and the top recruiters included JP Morgan, Morningstar, Deloitte, Deutsche Bank, Reliance Industries, Aditya Birla Group, Fractal Analytics, Royal Bank of Scotland, IDFC Institute, Economist Intelligence Unit, AON, Zebpay, among others.
The college boasts excellent placement records and over 1,000 alumni. The institute has an outstanding placement record throughout its establishment. The college offers comprehensive global opportunities in countries such as the UK, China, the USA, and Dubai. The faculty at the Meghnad Desai Academy of Economics, Mumbai, is equipped with experience and knowledge, and goes beyond the syllabus, which prepares students for practical life.
MDAE Mumbai Highlights 2025
MDAE Mumbai Courses & Fees 2025
Meghnad Desai Academy of Economics offers 2 PGDM programs. The courses are available in full-time mode with a duration of 1 year. The following table has brief details about the MDAE Mumbai Courses:
MDAE Mumbai Admission Process 2025
The Meghnad Desai Academy of Economics follows a rolling admission policy. The institute has two-cycle admission process. The first is the early bird application cycle, and the second is the regular admission cycle. For early birds, applicants who apply early have a higher chance of securing a seat. Generally, 60% of the seats are filled with early-bird applicants. The remaining 40% of seats are filled in the regular admission cycle. Here is the detailed admission process followed by the Meghnad Desai Academy of Economics:
MDAE Mumbai Cutoff 2025
Applicants require a minimum of 50% marks in their UG degree to be eligible for the MDAE Mumbai PGDM courses. Candidates are required to obtain the minimum cutoff marks to enhance their chances of securing a seat in the Meghnad Desai Academy of Economics:
MDAE Mumbai Placements 2025
The Meghnad Desai Academy of Economics has a dedicated placement committee to support students with 100% placement assistance. The committee consists of six members: Shraddhesh Kenkre, Mihika Joshi, Malaika Irwin, Kashvi Shah, Anushka Vora, and Aditya Deorukhkar. MDAE students are recruited into diverse sectors, including consulting, Finance, research and policy, and Data Science.
In the batch of 2024-25, 70.4% of the students are placed in PGDM Economics, and 29.6% are placed in PGDM Data Science & Finance. 57.1% of female students and 42.9% of male students were placed. The highest salary offered in 2023 was INR 15.5 LPA, and the top recruiters included JP Morgan, Morningstar, Deloitte, Deutsche Bank, Reliance Industries, Aditya Birla Group, Fractal Analytics, Royal Bank of Scotland, IDFC Institute, Economist Intelligence Unit, AON, Zebpay, among others.
MDAE Mumbai FAQs 2025
What is the Meghnad Desai Academy of Economics’s address?
The address of Meghnad Desai Academy of Economics is 305 Lok Center, Marol Maroshi Road, Marol, Mumbai – 400059.
How do I contact the Meghnad Desai Academy of Economics?
To contact MDAE Mumbai, candidates can send an email to info@meghnaddesaiacademy.org or call +91 7045999326.
What are MDAE’s placement outcomes?
The academy maintains a 90% placement or internship rate. The top recruiters include consulting firms, foreign banks, and the Big 4. The highest CTC is up to INR 15.50 LPA.
Which scholarships are available at Meghnad Desai Academy of Economics?
Merit-based scholarships are available at the Meghnad Desai Academy of Economics. It involves the Chanakya Scholarship, offering a 50% fee waiver, the Adam Smith Scholarship, providing a 33% waiver, and a Need-based bursary that offers up to a 90% scholarship.
Is there a minimum cutoff for admission at MDAE Mumbai?
MDAE establishes cutoffs for its entrance test each year based on the number of applicants, seat availability, paper difficulty, and performance metrics.
What infrastructure and campus facilities are available at the Meghnad Academy of Economics?
Located in a commercial office building at Cuffe Parade, MDAE offers modern classrooms, a library, a communication centre, and spaces for workshops, though it's not a traditional campus.
