Meghnad Desai Academy of Economics, Mumbai, is an excellent institute that offers focused and industry-focused education. The academy provides a total of two courses. It offers a Postgraduate Diploma in Management with a focus on Economics, as well as a PGDM program in Data Science and Finance.
The PGDM in Economics is available with three specialisations, and the PGDM in Data Science & Finance is available with six elective options. Graduates with a minimum of 50% marks in their previous qualifying examination are eligible to apply for the courses.
Admissions to the MDAE’s PGDM programs are based on entrance exams. The academy conducts its entrance exam. If an applicant has valid GMAT or CAT scores, they may be exempt from the MDAE entrance exam. The applications to MDAE are invited online only.
MDAE Mumbai Important Dates 2025
MDAE Mumbai PG Admissions 2025
The Meghnad Desai Academy of Economics, Mumbai, and the Gokhale Institute of Politics and Economics jointly offer a one-year PGDM in Economics, Data Science, and Finance. The course is available in full-time mode, offering three specialised programs. The specialisations available are Data Analytics, Finance, & Public Policy.
MDAE Mumbai Application Process 2025
Meghnad Desai Academy of Economics invites online applications. Applicants can follow the step-by-step process to apply for the MDAE PGDM Courses:
- Go to the official website of Meghnad Desai Academy of Economics, Mumbai.
- From the main menu, click on the “Apply Now” button.
- The application enquiry form will be open on your screen.
- Fill out the asked details, i.e., name, email, phone number, and select the course.
- Click on the submit button.
- The MDAE’s admission team will now send the application form link to your email.
- Fill out the application form carefully, providing your personal details and academic scores.
- Submit two essays as well (as mentioned in the application form).
- The admission team will now contact you to proceed with the next steps in the admission process.
MDAE Mumbai Documents Required:
Here is the list of required documents for admission to the Meghnad Desai Academy of Economics:
MDAE Mumbai Admission FAQs 2025
What programs are offered at MDAE Mumbai?
MDAE offers two 1-year, full-time Postgraduate Diploma programs: PGDM in Economics and PGDM in Data Science & Finance. Both courses are offered in partnership with the Gokhale Institute of Politics and Economics.
What are the eligibility criteria for the PGDM courses at MDAE?
A bachelor’s degree in any discipline with at least 50% marks qualifies a candidate for the PGDM courses at MDAE.
What is the admissions process?
Admissions are rolling, with two cycles: Early Bird (November–January) and Regular thereafter. The steps involve applying online, submitting essays, taking an entrance examination, participating in a personal interview, and receiving an offer letter.
When is the entrance test conducted at Meghnad Desai Academy of Economics?
For the PGDM courses at MDAE, a one-hour online test is held on January 25, 2025. It has 45 MCQs across three sections with no calculator use and no negative marking.
Can I skip the MDAE entrance test?
Yes, you can skip the MDAE entrance test in 2 conditions. If you have ≥ 600 GMAT or ≥ 90 percentile CAT scores, you're exempted from the MDAE entrance test.
How much is the tuition fee at Meghnad Desai Academy of Economics?
The tuition fees for the Economics diploma and the Data Science & Finance diploma are INR 6.75 lakh and INR 6.25 Lakh, respectively.
Are scholarships available at Meghnad Desai Academy of Economics?
Yes, merit-based scholarships are offered at MDAE Mumbai.
Is financial aid or loan assistance provided at MDAE Mumbai?
Yes, MDAE partners with banks (HDFC, Credila) and fintech companies to facilitate loans and EMI options for tuition payments.
What does the entrance test assess?
The test includes MCQs in Mathematics, Logical reasoning, and Basic undergraduate-level economics. It lasts just one hour and is structured similarly to the GMAT and GRE.
Is an economics background necessary for a PGDM in Economics at MDAE?
Not at all. Students from fields such as engineering, commerce, and the social sciences are welcome to pursue PGDM Economics at MDAE. The program starts with a foundation module to level the field.
What are the selection criteria at MDAE beyond the test?
The admission is based on a combined evaluation of Application essays, Test scores, and Performance in interviews. All weights and steps are part of a holistic process.
When will the programs at the Meghnad Desai Academy of Economics begin?
The Economics diploma begins in August 2025. The Data Science & Finance program follows a similar schedule, with specific admissions phases announced on the official website.
