The Department of Economic Affairs (DEA) under the Ministry of Finance has opened applications for the contractual engagement of Young Professionals and Consultants, aiming to fill 57 positions across key divisions such as Infrastructure, Financial Markets, Budget, and International Economic Relations. The initiative seeks qualified individuals to support policy formulation and economic analysis on a short-term basis. Positions are categorised into four levels—Young Professionals, Consultants, Senior Consultants, and Special Assignment Consultants—with monthly remuneration ranging from Rs 70,000 to Rs 1.5 lakh depending on experience and role. Notably, the International Economic Relations division requires six senior consultants specifically to bolster India's ongoing BRICS chairmanship responsibilities.

Eligibility criteria vary by level. Young professionals must be under 30 years of age and hold a master's degree in economics, finance, or IT; an MBA in finance; or an LLM, with fixed pay of Rs 70,000 per month. Consultants need 3-5 years of relevant experience for Rs 1 lakh monthly, while senior consultants require 5-9 years for Rs 1.2 lakh. Special Assignment Consultants, tailored for specific projects, offer the highest remuneration at Rs 1.5 lakh. These roles demand domain expertise to assist in drafting policy documents, background papers, and outcome materials, particularly for high-profile international engagements like BRICS meetings.

Engagements are initially for one year, extendable based on performance and requirements, with a maximum continuous tenure of three years per position and an overall limit of five years within the DEA. The positions are full-time contractual roles, prohibiting candidates from undertaking other assignments simultaneously. Benefits are limited, with eight days of pro-rata annual leave but no Dearness Allowance, housing, or medical reimbursement. Official domestic travel may qualify for TA/DA approval by the Secretary (Economic Affairs).

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The selection process involves initial scrutiny of applications by respective divisions, followed by personal interactions or interviews for shortlisted candidates. Interested applicants must submit their details online via the official portal at mofapp.nic.in/cadre/ by 5:00 PM on December 27, 2025. Detailed guidelines, terms of reference, and vacancy specifics are available on the DEA website at dea.gov.in/offerings-vacancies.

This recruitment drive reflects the Finance Ministry's emphasis on injecting fresh talent and specialised expertise into critical economic policy areas amid India's growing global commitments. With a tight application deadline, eligible professionals are encouraged to apply promptly to contribute to national economic initiatives on a prestigious platform.

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