About Indira Gandhi Institute of Development Research (IGIDR) 🏛️
Indira Gandhi Institute of Development Research, or IGIDR as it is widely known, is an advanced research institute in Mumbai. It was established in 1987 by the Reserve Bank of India (RBI). The Indira Gandhi Institute of Development Research full form is its official name. A very common question is, 'is Indira Gandhi Institute of Development Research is private or government?'. It is a public, autonomous institution, fully funded by the RBI, and it has the status of a Deemed-to-be University. When it comes to approvals, 'is Indira Gandhi Institute of Development Research ugc aicte approved or not?'. Yes, it is fully recognized by the UGC. The official Indira Gandhi Institute of Development Research logo is a symbol of its focus on development and research. The institute is not a regular college; it is a specialized center for advanced studies in Economics. It is famous for its flagship 2-year M.Sc. in Economics program and its Ph.D. program. The Indira Gandhi Institute of Development Research ranking is consistently among the top 3 places to study Economics in India, alongside Delhi School of Economics and ISI. Many Indira Gandhi Institute of Development Research reviews praise its rigorous academic environment, brilliant faculty, and outstanding placements. This guide will cover all Indira Gandhi Institute of Development Research courses and fees and Indira Gandhi Institute of Development Research placement details.
Key Information at a Glance 📊
Here’s a quick summary of the most important facts about IGIDR Mumbai. This table gives you an idea of the Indira Gandhi Institute of Development Research ranking and placement highlights. The Indira Gandhi Institute of Development Research NAAC grade is 'A++' (under the old methodology), reflecting its top-tier quality.
| Attribute | Details |
|---|---|
| Main Focus | M.Sc. in Economics, Ph.D. in Development Studies |
| Highest Package | ₹25 LPA+ (as claimed) |
| Average Package | ₹14 LPA - ₹16 LPA (M.Sc.) |
| Top Recruiters | Reserve Bank of India (RBI), American Express, Goldman Sachs, J.P. Morgan, Deloitte, Barclays |
| Entrance Exams | Institute's Own Entrance Test / CUET-PG (as per year's policy) |
| Scholarship | Yes, all M.Sc. students receive a stipend/scholarship. |
Placements In-Depth: The Return on Investment (ROI) 📈
The Indira Gandhi Institute of Development Research placement record is exceptional and offers one of the best ROIs in the country. A Indira Gandhi Institute of Development Research career is highly sought after in the fields of finance, analytics, and economic research. The Indira Gandhi Institute of Development Research recruitment process attracts top-tier global banks, financial institutions, and consulting firms. Many Indira Gandhi Institute of Development Research reviews from alumni highlight that the institute provides a direct path to high-paying jobs in the financial sector. The ROI is incredibly high because the Indira Gandhi Institute of Development Research fees are very low, and all students also receive a monthly stipend.
| Placement Highlights | |
|---|---|
| Placement Rate | 100% for eligible students |
| Total Companies on Campus | 40+ |
| Average Package | ₹14 LPA - ₹16 LPA |
| Median Package | ₹15.5 LPA |
| Major Roles Offered | Data Scientist, Economic Analyst, Risk Analyst, Financial Analyst, Consultant |
Top Recruiters by Sector
- BFSI: Reserve Bank of India (RBI), Goldman Sachs, J.P. Morgan, Barclays, American Express, ICICI Bank, HDFC Bank.
- Consulting & Analytics: Deloitte, EY, PwC, TresVista, Tredence.
- Research & Think Tanks: NITI Aayog, various economic policy groups.
Indira Gandhi Institute of Development Research Fees Structure & Scholarships 💰
The Indira Gandhi Institute of Development Research fees structure is a major advantage. The institute is fully funded by the RBI, so the fees are extremely low. The Indira Gandhi Institute of Development Research courses and fees are listed below. (Note: As it is a specialized economics institute, queries like Indira Gandhi Institute of Development Research btech fees, Indira Gandhi Institute of Development Research mba fees, Indira Gandhi Institute of Development Research bba fees, Indira Gandhi Institute of Development Research bca fees, or Indira Gandhi Institute of Development Research b pharma fees are not applicable).
Fee Structure (Approx. per year)
| Course Name (Indira Gandhi Institute of Development Research {courseName} fees) | Approx. Fee Per Year |
|---|---|
| M.Sc. in Economics | ~ ₹50,000 |
| Ph.D. in Development Studies | ~ ₹45,000 |
| Indira Gandhi Institute of Development Research hostel fees | ~ ₹25,000 (Included in total) |
Scholarship Opportunities
This is the best part. The institute provides financial support to all its students.
- All M.Sc. students receive a monthly stipend of ₹5,000.
- All Ph.D. students receive a research fellowship/stipend as per UGC norms (around ₹37,000 per month).
- This makes the effective cost of education zero or even positive.
Internships (SIP) & Live Projects 🏢
The M.Sc. program is very rigorous. While a formal summer internship is not a mandatory part of the 2-year M.Sc. curriculum, students work on numerous live projects, research papers, and a mandatory M.Sc. dissertation. This research work is highly valued by recruiters and is a key part of building a Indira Gandhi Institute of Development Research career. Ph.D. scholars are full-time researchers who work on high-level policy issues for the nation.
The Real Campus Experience: Life at IGIDR 🧑🎓
The Indira Gandhi Institute of Development Research Mumbai campus is a beautiful, 14-acre, self-contained campus in Goregaon, near Film City. You can find many Indira Gandhi Institute of Development Research photos or Indira Gandhi Institute of Development Research (IGIDR) photos online to see its unique architecture and green environment. Life on campus is highly academic, rigorous, and intellectually stimulating. A common question is about the Indira Gandhi Institute of Development Research uniform. No, the institute does not have a uniform, but a formal dress code is expected for seminars and placements. The Indira Gandhi Institute of Development Research hostel fees are very low, and the hostel is mandatory for all students, fostering a strong community.
Hostel Life
The institute is fully residential, and hostel life is a key part of the experience.
- Well-maintained, single-occupancy rooms for all students.
- Facilities include Wi-Fi, 24/7 security, and mess.
- A close-knit community of some of the brightest economics students in India.
A Day on Campus
A typical day at IGIDR involves lectures, math-intensive workshops, and long hours in the library or computer lab.
- A state-of-the-art library with access to all major economics databases and journals.
- Excellent sports facilities, including a gym, swimming pool, and courts.
- Regular seminars by world-renowned economists.
Location, Faculty, and Job Opportunities
The Indira Gandhi Institute of Development Research location is in Goregaon East, Mumbai. It is well-connected to the rest of the city. For connectivity, the 'Indira Gandhi Institute of Development Research nearest metro station' is the Goregaon East station on the Mumbai Metro Line 7. The Goregaon railway station on the local train line is also nearby. This Indira Gandhi Institute of Development Research near metro station access is a good advantage. The faculty are some of the top economists in the country. For academic careers, 'jobs at Indira Gandhi Institute of Development Research, Mumbai' are highly prestigious. You can check the institute's website for any 'Indira Gandhi Institute of Development Research Mumbai vacancy' or 'Indira Gandhi Institute of Development Research recruitment' notices. The Indira Gandhi Institute of Development Research assistant professor salary is as per UGC/RBI pay scales and is extremely competitive. A common query is 'is Indira Gandhi Institute of Development Research is private or government?' - it is a public institution funded by the RBI.
Admissions Process & Eligibility 📝
The admission process for Indira Gandhi Institute of Development Research courses is extremely competitive. The Indira Gandhi Institute of Development Research ranking means only top students get in.
- Check Eligibility: For M.Sc. in Economics, a B.A./B.Sc. in Economics, B.Com, B.Stat, or B.Tech/B.E. is required. A strong background in Mathematics is a must.
- Apply Online: Candidates must fill the application form on the official IGIDR website.
- Entrance Exam:
- Candidates must appear for the IGIDR Entrance Test. It is a very tough, mathematics and economics-focused exam.
- In some years, the institute may also accept CUET-PG (Economics) scores. You must check the latest prospectus.
- Personal Interview (PI): Shortlisted candidates are called for a rigorous Personal Interview to test their knowledge of economics and mathematics.
- Final Selection: A final offer is made based on the combined performance in the entrance test and the PI.