Meghnad Desai Academy of Economics (MDAE), Mumbai Overview

  Mumbai   Private   ESTD 2014
  Mumbai   Private   ESTD 2014

About College

Established in the year of 2014, by Meghnad Desai, Professor Emeritus at the London School of Economics, Meghnad Desai Academy of Economics is building the career of many students of our country since its inception. The institute was established with the vision of giving economic education in a new direction. MDAE also gives its students practical knowledge about the subjects to an advanced level.

The college offers Post Graduate Diploma in Economics in three different specializations. In addition to that now MDAE also offers Post Graduate Certificate course in Data Science.

Meghnad Desai Academy of Economics is one of the top-ranked colleges in India. The institute is affiliated to Mumbai University’s Department of Economics. It is the top institute in Mumbai for postgraduate education in economics.

The founder of MDAE has the teaching experience of 38 years. All the faculties are Economic experts and have enough experience in the teaching profession or in the corporate world. They are enough capable to give the students overall knowledge and make them shining star in the sky of the economic sector.

Admission Process

The admission to this premium institute is given on the basis of the performance in the entrance examination conducted by the institute itself. The candidates need to fulfil the eligibility criteria to get selected. 

Admission Highlights

  • To get admission in Post Graduate Diploma in Economics, the candidate needs to pass graduation with a minimum of 50% of aggregate marks. The final selection will be done on the basis of the score in the entrance examination. 
  • For admission in Post Graduate Certificate in Data Science, the applicants need to pass graduation in Statistics or Mathematics or engineering. The final selection will be given on the basis of the marks obtained in the entrance examination, the same as done in the Department of Economics.

Courses and Fees 

The institute offers Post Graduate Diploma and Post Graduate Certificate courses. All the courses are designed in such a way that they ensure a deep theoretical knowledge along with the practical knowledge to fill up the hunger of education of the students. The courses prepare the students with more than enough capacity to face the challenges in the corporate world.

Courses Highlights

  • The Post Graduate Diploma in Economics is a full-time course with a duration of two years and it has a fee of Rs. 6.45 lakhs. It has three specializations, they are Finance, Public Policy, Data Analytics.
  • It also offers Post Graduate Certificate In Data Science with a duration of 28 weeks and the specialization offered is Data Analytics jointly with Decimal Point Analytics.


Besides of giving quality edge education Meghnad Desai Academy of Economics comes up with great placement scenarios. The institute has offered 74% placements with 22% internship in many reputed industries. Some of the recruiters are JP Morgan, HSBC, Axis Bank, RBS, Edelweiss Life Tokio from the sector of Banking, Financial Service and Insurance. Aditya Birla Group, IDFC Institute, Gateway House, ID Insight from Public Policy and Industry sector. JLL, EY, Deloitte, HDF, Quikr Realty from Consulting. Think Analytics, Decimal Point, Way2Online, Fractal from Analytics sector. The details of the placement scenario are given below:

Sector Wise Placement Statistics 2017-2018

Sector Placement Rate
Consulting 35%
BFSI 27%
Analytics 27%
Public Policy and Industries 12%

Placement Report 2017-2018

Placement Rate Highest CTC Average CTC
74% 11 LPA 7 LPA

Result and Cutoff

To get admission in Meghnad Desai Academy of Economics the candidates need to score really well in the entrance examination. For two different programme, the institute conducts the different entrance examination. On the basis of the result, the final admission will be given followed by some other steps. The institute declares a certain cutoff mark and the candidates need to score equal to or more than that to get shortlisted for rest of the processes. The cutoff can be different for every year on the basis of the total number of applicants, the total number of available seat, the difficulty level of the question paper, the overall performance of the candidates who have appeared for the examination.


Since the year 2014, MDAE has been delivering quality education. It has a huge alumni network of five years long. Most of the alumni are successful in different sectors and working in many reputed corporate bodies. The alumni stay connected with their batchmates and also with the institution. It strengthens the bond between them and also with the present students. The Alma mater with the help of the alumni also help the present students to get their dream job and make a successful career.


Meghnad Desai Academy of Economics believes that financial disability should not be a hindrance in the path of growth for the students. The college offers its brilliant students several scholarships on merit cum means basis. Some of the scholarships are Chanakya Scholarship, Adam Smith Scholarship, Need-Based Scholarship, Bursaries Scholarship. Many banks also give education loan at a very low rate of interests. MDSE has tied up with HDFC bank for more benefit of the students.

Campus Facilities

The modern state of the art campus is a sign of modern infrastructure, and in the case of this, MDAE is no different. Located in the finance capital of India, MDAE students get some amount of opportunity to shine. The lush green pure and peaceful campus is perfect for educational purposes. A huge library with thousands of books, computer centre, modern designed classrooms with modern amenities, auditorium, conference hall, free space for refreshment, canteen, common room are some other things that are offered to the students inside the campus to make them feel comfortable.