Courses

Master of Science (Financial Economics)

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24
Months
Program
INR 40,000
Each Semester. EMI starting INR 6,667/month*
Eligibility
Min. 50% in graduation

MAHE’s Online Master of Science in Financial Economics program provides learners with a future-focused curriculum that equips them with advanced capabilities in fintech, data analytics, econometrics, finance, and economics. With experienced faculty, learners focus on subjects such as R, Python, Excel, Power BI, financial modelling, econometrics, and FinTech applications, preparing them for careers in banking, investment management, financial analytics, consulting, risk management, and research. The curriculum emphasizes experiential and project-based learning while developing proficiency in statistical software and advanced data analysis methods relevant to emerging professional and research contexts. Recognized as an Institution of Eminence (IoE), Manipal Academy of Higher Education holds the #3 position among universities in the NIRF Rankings 2025. Learners benefit from the guidance of experienced faculty and access to Coursera, which offers opportunities to earn globally recognized certifications from leading universities and institutions and to strengthen their academic and professional portfolios.

Program Benefits

Here's what you can expect from our courses

Understand Financial Markets and Economics

Understand Financial Markets and Economics

Develop an integrated understanding of economic principles, financial markets, and their interrelationship to evaluate financial trends and business environments.

Develop Expertise in Financial Modelling

Develop Expertise in Financial Modelling

Learn to apply financial modelling techniques to analyse financial scenarios, assess outcomes, and support informed decision-making in dynamic market conditions.

Work with Industry-Relevant Analytical Tools

Work with Industry-Relevant Analytical Tools

Gain practical exposure to R, Python, Excel, Power BI, financial databases, and other tools used for financial analysis and modelling.

Strengthen Forecasting and Risk Analysis Skills

Strengthen Forecasting and Risk Analysis Skills

Build capabilities in time series analysis, forecasting, and risk management to identify financial patterns, assess uncertainty, and support strategic decisions.

Apply Learning Through Practical Projects

Apply Learning Through Practical Projects

Engage with case discussions, hands-on activities, problem-solving exercises, dashboards, and industry-oriented assignments to apply financial and economic concepts in practical contexts.

Explore Diverse Opportunities in Finance

Explore Diverse Opportunities in Finance

Prepare for professional roles across banking, investment analysis, equity research, financial planning, risk management, consulting, analytics, and FinTech.

Develop Research and Empirical Analysis Skills

Develop Research and Empirical Analysis Skills

Build the ability to conduct independent research, perform empirical analysis, and investigate financial and economic problems using quantitative approaches.

Create a Portfolio Through Applied Learning

Create a Portfolio Through Applied Learning

Integrate concepts from finance, economics, analytics, and technology through a faculty-guided capstone project, creating an opportunity to demonstrate practical and research capabilities.

Program Curriculum

24 MONTHS | 4 SEMESTERS | 15-20 HOURS/WEEK

  • Microeconomics
  • Programming with R and Python
  • Applied Statistics for Data Analysis
  • Corporate Finance
  • Financial Reporting & Statement Analysis

Who can Apply

Educational Qualification

Candidates must have a 10 + 2 + 3-year bachelor’s degree from a recognized university/institution or an equivalent qualification as recognized by the Association of Indian Universities.

Grades

Candidates must have a minimum of 50% marks in aggregate in graduation.

Program Fee

We offer flexible payment options that allow students to pay their fees in semester-wise instalments.

INR 40,000

Each Semester. EMI starting INR 6,667/month*

*Terms & conditions apply

INR 1,60,000

Total course fee

USD 500

Each semester.

*Terms & conditions apply

USD 2,000

Total course fee

Enrol Now

Financing & Scholarships

Why Choose MAHE Online

Avail Easy
Financing Options

We offer loans at low interest rates and part-payment facilities, ensuring that your learning takes the spotlight without the stress of financing.

Get Attractive
Scholarships

Exclusive scholarships designed for defense personnel, meritorious students, differently-abled people, MAHE alumni, and alumni of degree colleges under Academy of General Education (AGE).

Get a prestigious degree

Certificate

Globally recognized and widely accepted by governments and organizations, the online degrees offered by Manipal Academy of Higher Education are at par with on-campus degrees and open doors to better professional opportunities.

Admission Process

Program registration

Fill in your basic, education & work experience-related details and pay the application fee to register.

Fee payment

Pay the admission fee for the first semester/year or full program.

Document upload

Upload supporting documents & submit your application.

University approval

The university will evaluate your documents to confirm your admission.

Roles You Can Explore

Financial Analyst
Financial Analyst
Investment Analyst
Investment Analyst
Risk Analyst
Risk Analyst
Financial Economist
Financial Economist
Equity Research Analyst
Equity Research Analyst
Portfolio Analyst
Portfolio Analyst
Financial Data Analyst
Financial Data Analyst
Credit Analyst
Credit Analyst
FinTech Analyst
FinTech Analyst
Economic Analyst
Economic Analyst

Meet your faculty

Dr. Rajasekharan Pillai
Dr. Pillai teaches MBA students and supervises Ph.D. scholars. He also serves as a member of University Research Protocol Committee in Management and Social Sciences.

Dr. Rajasekharan Pillai

Professor

Dr. Everil Jacklin Fernandes
Dr. Everil Jacklin is an Assistant Professor in the Department of Commerce. She mentors students with projects.

Dr. Everil Jacklin Fernandes

Assistant Professor

Dr. Raveendra Rao
Dr. Raveendra Rao K teaches MBA students and guides projects for MBA, MHA and M.Pharm. He is also involved in curriculum revision for the Marketing Management and Quality Management courses. He is an Internal Auditor for ISO 9001:2000 and ISO 14001:2004 standards, and is also the Nodal officer for NAAC accreditation.

Dr. Raveendra Rao

Associate Professor

Dr. KP Nandan Prabhu
Dr. KP Nandan Prabhu is an Associate Professor and Coordinator for various programs and events. He has over 28 years of work experience in management education and taught more than 15 subjects over a span of 27 years in the area of accounting, finance, and organizational behavior.

Dr. KP Nandan Prabhu

Associate Professor

Dr. Varun Kumar
Dr. Varun Kumar S G is an Assistant Professor (Selection Grade) at Manipal Institute of Management and currently handles Business Statistics course across three MBA programs. He is the coordinator for the Centre for Regional Development, and VSO-MIM, Manipal Academy of Higher Education.

Dr. Varun Kumar

Assistant Professor - Selection Grade

Dr. Mathew Thomas
Dr. Mathew Thomas Gil is an academician by profession and currently serves as an Assistant Professor (Senior Scale) at the Manipal School of Commerce and Economics, Manipal Academy of Higher Education (MAHE), India. He has over eight years of experience in teaching, research, and academic administration and is a recognized PhD guide. His areas of specialization include marketing analytics, sustainability and green marketing, entrepreneurship, service quality, and decision-making in VUCA environments. He has published research papers in Scopus and ABDC-indexed journals and serves as a reviewer for several international journals. At MAHE, he has handled various administrative responsibilities, mentored more than 150 student research projects, and regularly contributed as a resource person for faculty development programs, workshops, and industry training initiatives.

Dr. Mathew Thomas

Assistant Professor - Senior Scale

Dr. Abhishek S. Rao
Dr. Abhishek S. Rao, Assistant Professor–Senior Scale, has introduced two new courses: BBA Logistics & Supply Chain and MCom Logistics & Supply Chain. He is the Coordinator for Centre for Supply Chain Education and Research, Program Coordinator for Confederation of Indian Industry programs and Block Warden for the Department of Commerce.

Dr. Abhishek S. Rao

Assistant Professor - Senior Scale

Mr. Shreevatsa Gudi

Mr. Shreevatsa Gudi

Assistant Professor

Mr. Ujwal M S

Mr. Ujwal M S

Assistant Professor

Dr. Aruna Doreen Manezes

Dr. Aruna Doreen Manezes

Assistant Professor

Mr. Gaurav Hazare

Mr. Gaurav Hazare

Assistant Professor

Dr. Nahima Akthar

Dr. Nahima Akthar

Assistant Professor

Dr. Roshan Raj Bhujel

Dr. Roshan Raj Bhujel

Assistant Professor

Dr. Archana Nayak Kini

Dr. Archana Nayak Kini

Assistant Professor

Frequently Asked Questions

Is it mandatory for all online students to have an Academic Bank of Credits (ABC) account?

Yes. From the academic year 2022-23, it has been made mandatory for all universities offering courses in online or distance learning modes to create ABC accounts for all their students as per the UGC regulation and the National Education Policy (NEP) 2020. 

Academic Bank of Credits (ABC) is a digital storehouse of the credits earned by students during their academic journey. It is a credit bank for students that allows them to accumulate, verify, transfer, and redeem their credits. This is an initiative from the Ministry of Education, Government of India to enable academic flexibility and students’ mobility across multiple Higher Education Institutes (HEIs).  The University Grants Commission (UGC) has mandated that every learner who is an Indian national needs to submit the following details for creating their ABC account: 

  • Roll number issued by the university 
  • Aadhar number (12 digits) 
  • Name (as mentioned in Aadhaar) 
  • Gender 
  • Date of Birth 
  • Mobile number (linked to their Aadhaar) 

The university will reach out to enrolled students for details required to create their ABC accounts and will provide these details to the UGC. Once the ABC account is created, the credits earned by the learners in their term-end exam will get deposited into their respective ABC accounts which they can redeem within 7 years. Students can email helpdesk@manipalacademyonline.edu.infor any queries.

Are international students eligible to apply for programs at Online Manipal?

Yes, subject to fulfilling eligibility criteria pertaining to the program you are applying for. Online Manipal accepts applications from both Indian and international students for all programs. Non-Indian applicants should apply via www.onlinemanipal.com/global

What is the duration of online programs?

Minimum duration for post graduate program is two years. However, validity of the program is double the duration i.e., students will be able to complete the program in four years.

How do I apply for Manipal Academy of Higher Education’s online programs?

After deciding upon the program of your choice, application can be submitted online at www.mahe.onlinemanipal.com.

Once you provide the basic details, you can pay your application fee of INR 1500 (non-refundable) and provide necessary education and work experience details. Pay the admission fee for either one semester/year or full program fee.

Alternatively, you can call us at +91-7330 300 600 or email info@mahe.onlinemanipal.com, and we will assist you with the application process.

To complete the admission process, you need to upload relevant documents. Once they are approved by the university, your admission process will be complete

What are the documents required for the admission into Manipal Academy of Higher Education’s online program?

The documents required for the admission into Manipal Academy of Higher Education’s online program are:

Proof of identity/address

Indian Students – Aadhaar card  

International Students – Passport  

NRI Students – Passport & Aadhaar Card 

Other documents 

10th and 12th class marksheets 

Graduation mark sheets/ transcript of all semesters  

Degree certificate  

Work experience certificate  

CV

What is the selection process?

  • Complete the application form by paying the application fee of INR 1500 (non-refundable) and filling in your basic details, education details, and work experience.
  • Submit the application by paying the semester fee and uploading documents required to validate your education, work experience, and other details.
  • Upon successful submission, your application for the online program will be evaluated by the Admissions team of Manipal Academy of Higher Education. In case the university requires further clarification on your eligibility documents, you will be intimated via email.
  • You will get to know the status of your admission within 5-7 working days after submitting the application.
    Once a decision is taken on the application, the admissions team will intimate the candidate via email on the status of their admission.

What is the eligibility criteria for Manipal Academy of Higher Education’s online MSc?

Educational qualification

Candidates must have completed graduation in any discipline with Statistics as one of the subjects from recognized universities/institutions or an equivalent qualification as recognized by the Association of Indian Universities (AIU)

Candidates must have minimum 50% marks in aggregate or equivalent grade in graduation

Work experience

Work experience is desirable

How are Manipal Academy of Higher Education’s online programs delivered?

In an online program, teaching and learning happens on Manipal Academy of Higher Education’s learning platform. For each course, learners have access to instructionally designed courseware hosted on the Manipal Academy of Higher Education’s learning platform. The courseware is typically a mix of concept videos, reading material, eBooks and quizzes. Learners are expected to watch concept videos, read the learning material, attempt graded quizzes and finally submit assignments.

What is the medium of instruction?

The medium of instruction is English.

Will there be any live lectures/webinars?

In addition to the rich learning resources, learns will also attend live lectures/webinars by Manipal Academy of Higher Education’s faculty members and industry experts, where students can interact directly with the subject matter experts.

How will my academic queries be answered?

The university provides a dedicated course coordinator for each course. Course coordinators can be contacted via Learning portal using discussion forums.

When do I get access to Manipal Academy of Higher Education’s learning portal?

After your admission is confirmed by the university, you will get credential to access MAHE learning portal. Students can then start accessing the learning resources and begin their learning journey.

How much time should I dedicate to complete the learning activities?

You are expected to spend at least 15-20 hours per week watching concept videos, reading learning materials, attempting quizzes, participating in discussion topics and attending live webinars (recorded sessions are also made available on Manipal Academy of Higher Education learning portal).

What is an Online MSc Financial Economics program?

An Online Master of Science (MSc) in Financial Economics is a 2-year postgraduate program that enables learners to develop expertise in financial economics, econometrics, financial analytics, investment management, and risk analysis. It prepares graduates for careers across banking, financial services, investment management, FinTech, consulting, and other finance-related sectors.

What are the Online MSc Financial Economics course subjects?

The Online MSc Financial Economics curriculum covers economics, financial management, econometrics, quantitative analysis, investment, risk management, and emerging financial technologies.

Key subjects include Microeconomics, Macroeconomics, Corporate Finance, Business & Financial Econometrics, Programming with R and Python, Investment Analysis & Portfolio Management, Financial Risk Management, Financial Analytics, FinTech, Financial Derivatives, Financial Modelling, and Capstone Project.

What are the benefits of pursuing an Online MSc Financial Economics?

  • Develop expertise in financial economics, quantitative analysis, econometrics, and financial modelling.
  • Gain practical exposure to R, Python, Excel, Power BI, financial databases, and other industry-relevant analytical tools. 
  • Build skills in investment analysis, portfolio management, financial forecasting, and risk management. 
  • Explore emerging areas such as FinTech, AI in finance, blockchain, digital banking, and other technology-driven financial applications. 
  • Strengthen research and analytical capabilities through practical assignments, industry-oriented activities, and a faculty-guided capstone project. 
  • Prepare for career opportunities across banking, investment analysis, equity research, financial planning, risk management, consulting, analytics, and FinTech.

How can I access the learning materials for this course?

Every study resource such as videos, quizzes, PDFs, and recorded lectures can be accessed at any time through the Online Manipal Learning Management System (LMS).

Will I get a degree after completing this program?

Yes, all eligible students who have successfully fulfilled every criterion will be awarded their degree certificates via in-person convocation in the Manipal Academy of Higher Education campus or mailed via courier.

Are online degrees by Manipal Academy of Higher Education credible and valid?

Yes. Manipal Academy of Higher Education is one of India’s leading academic and research institutes that offers world-class education in diverse streams. It is a NAAC A++ accredited university that has been granted the “Institution of Eminence” status by the government of India. It has been ranked #3 amongst universities in India by NIRF in 2025, #2 amongst private universities in India by the Education World in 2022-23, and #1 top deemed universities in India by Outlook-ICARE in 2024. The university offers 300+ programs across 32 disciplines. The university’s degrees are evaluated by WES for employment or higher studies in US and Canada regions.

Manipal Academy of Higher Education also offers UGC-entitled online degrees and professional certifications that are par with on-campus degrees. Government agencies, corporate organizations, and educational institutions widely recognize and accept Manipal Academy of Higher Education’s online degrees and certificates for jobs and higher education.

Will learners receive placement assistance?

Yes. Manipal Academy of Higher Education (MAHE) offers placement assistance to help students with career opportunities upon completion of their programs. The placement cell undertakes initiatives that focus on skill assessment and enhancement of the learners to increase chances of employment.

Will I have access to Manipal Academy of Higher Education’s alumni network?

Yes. Students of the online degree programs will join the Manipal Academy of Higher Education’s alumni network with all associated privileges. As an alumnus, they can interact with peers and build their professional and personal network with professionals from across the globe. They will be given access to the Manipal Academy of Higher Education alumni portal.

Can students take online examinations from any device?

Students can take up online examinations from any desktop/laptop with the latest version of the Google Chrome browser installed.

Is the program fee inclusive of resit and revaluation charges?

No. Additional charges may be payable for revaluation, resit examinations, duplicate certificates, and other supplementary academic services. These fees are not included in the program fee and are levied as per the respective university’s guidelines and policies.

What is the evaluation & assessment pattern?

The assessment system has been conceived, developed and administered on a rigorous and fair basis to bring out the best in students and prepare them for a successful career.

A student’s performance evaluation will be based on both Internal Assessment (IA) and End Term Examination (ETE). The assessment ratio of IA to ETE is 30:70.

Internal assessment is based on learner’s participation in discussion board, performance in assignments, performance in unit wise graded quizzes and percentage of content access.

At the end of each semester, the student is required to appear for the End Term Proctored Online Examination.

A student must score at least 40% in Internal Assessment (IA) to become eligible for End Term Examination (ETE).

A student must score at least 40% term-end examination to be declared as having passed in a subject.

What is the grading pattern?

The university uses 10 Point Grading System – A+ (10), A (9), B (8), C (7), D (6), E (5), F-Fail (0)

What if I fail to clear some papers/subjects?

If you fail to clear any paper/subject in End Term Exam (ETE), you must apply for re-sit exams whenever the University conducts by paying a requisite fees/paper.

If I am eligible for a scholarship and also pay the entire fee upfront, can I avail both the scholarship and the fee concession (for full payment)?

Yes. All learners who pay the full program fee upfront can avail 5% fee concession on total program fee upon approval. In addition to the fee concession, if a learner is eligible for a scholarship, he/she can avail the same. The scholarship amount will be calculated on the total program fee.

How will scholarships be processed for eligible candidates?

Once a candidate’s scholarship is approved during admission, the scholarship benefit shall be applied as per the below table-

Periodicity of fee payment

Semester 1

Semester 2

Semester 3

Semester 4

Semester-wise payment    

1st and 2nd semester scholarship shall be applicable

3rd semester scholarship shall be applicable

4th semester scholarship shall be applicable

Annual payment

1st , 2nd and 3rd semester scholarship shall be applicable

4th semester scholarship shall be applicable

Full fee payment at the beginning of the program

Scholarship applicable for all semesters of the program shall get refunded.

 

 

 

For example- In the case of semester-wise fee payment, Semester-1 scholarship benefit shall be applicable in the subsequent semester ie- scholarship benefit of both Semester 1 & 2 shall be applicable while registering for Semester – 2. Thereafter, from Semester – 3, the current semester scholarship benefit shall be applicable.

If I am funding my fee through a bank loan, can I apply for a fee concession for upfront payment of full program fee?

  • Fee concessions for upfront payment apply only when the program fee is paid by the learner through their own source of funds, such as their own bank account or card payment.
  • Learners who take an independent bank education loan (without subvention or zero-interest EMI) are eligible for this concession.
  • Learners opting for loans with subvention or zero-interest EMI schemes are not eligible for upfront payment concessions, but they may apply for scholarships if they meet the eligibility criteria.

*What are the terms & conditions for EMIs and other easy financing options?

*EMI amount mentioned above is applicable for the entire program fee and would need to be paid monthly, for the full duration of the program.

Approval of loans from our loan partners depend on applicants meeting credit norms and submitting required documents. Loan partners may impose other fees and may have additional terms & conditions that must be met by applicants.

For further details on EMIs and other easy financing options, please contact our admission counsellors.

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