Best Country for Indian Students to Study MS in Economics in 2026: Top Universities, Fees & Scholarships
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Earning a master’s degree in Economics abroad can be transformative for international students. Hence, it's only right to decide the updated list of the best countries for Indian students to study MS in Economics for the 2026-27 academic year.
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Are you confused about choosing the best country for Indian students to study MS in Economics for the 2026-27 academic year? Although there is no single best country for everyone, the right choice purely depends on your priorities.
In this article, we will explore the best countries for Indian students to study MS in Economics, details on top colleges, scholarship options, fees for 2026-27, and more to help you find the right fit.
Best Country for Indian Students to Study MS in Economics in 2026-27
Earning a master’s degree in Economics abroad can be a transformative experience for international students, as it provides exposure to diverse economic theories and methodologies, and offers the opportunity to engage with a global network of scholars and professionals. The top countries for MS in Economics for international students include:
1. United Kingdom
The UK's MSc Economics and MSc Economics and Econometrics programs are among the widely recognised courses that are taught by faculty who are active in research. Many of the UK Master's programs are of one year in duration, which reduces living and opportunity costs compared to the two-year degrees.
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Courses offered in the UK |
MSc Economics MSc Economics & Econometrics |
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Top universities for MS in Economics in the UK |
London School of Economics University of Oxford University of Cambridge University College London University of Warwick University of Manchester |
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Admission requirements for MS in Economics in the UK |
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Annual Fees for MS in Economics in the UK (international) |
GBP 20,000 - GBP 40,000 |
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Scholarships for MS in Economics in the UK |
University scholarships Chevening Scholarships External scholarships |
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Jobs After MS in Economics in the UK |
Economic Consultant Analyst (finance/public policy) Data Analyst |
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Work visa after MS in Economics in the UK |
Graduate Route - allowing master’s graduates to stay and work for up to 2 years |
Also Read: Masters in Economics in the UK
2. Canada
Canada offers competitive MSc programs in economics with a practical inclination towards data analysis, policy labs, internships, etc. For students who prioritise post-study work opportunities, the Canadian job market for international graduates has been historically attractive, making it one of the best countries for Indian students to study an MS in economics and further consider long-term settlement.
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Courses offered in Canada |
M.A. Economics M.Sc. Economics MASc applied economics/econometrics |
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Top universities for MS in Economics in Canada |
University of Toronto University of British Columbia McGill University Queen’s University University of Alberta. |
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Admission requirements for MS in Economics in Canada |
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Annual Fees for MS in Economics in Canada (international) |
CAD 15,000 - CAD 40,000 |
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Scholarships for MS in Economics in Canada |
Ontario Graduate Scholarships Quebec Merit Scholarships UBC International Leader of Tomorrow Award |
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Jobs After MS in Economics in Canada |
Policy Analyst Economic Researcher Data Analyst Roles in banks or consultancies |
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Work visa after MS in Economics in Canada |
Post-Graduation Work Permit (PGWP Canada) up to 3 years |
3. Germany
Several German universities offer excellent economics master's programs, which are often taught in English, and access to strong research groups in applied economics and Econometrics.
So if you are considering affordable education with access to strong methodological training, Germany would be your best fit to pursue an MS in economics abroad.
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Courses offered in Germany |
Master of Science (MSc) in Economics M.A. in Economics, specialized master's |
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Top universities for MS in Economics in Germany |
Technical University Munich (TUM) LMU Munich University of Mannheim Humboldt University Berlin University of Bonn |
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Admission requirements for MS in Economics in Germany |
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Annual Fees for MS in Economics in Germany (international) |
Low or No Tuition Fees |
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Scholarships for MS in Economics in Germany |
DAAD scholarships University fellowships |
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Jobs After MS in Economics in Germany |
Economic Researcher Policy Analyst Data Scientist Roles in EU institutions, central banks, and consultancies. |
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Work visa after MS in Economics in Germany |
Job Seeker Residence Visa (for 18 months) with eligibility to apply for EU Blue Card after securing a Job |
Read Next: Top Tuition-Free Public Universities in Germany for Indian Students (2026)
4. Australia
Australian universities are popular for their strong research and global rankings. An MS in Australia is typically two years in duration for research-oriented Master's and the flexibility of 1-2 years for MS courses.
Pursuing an MS in economics in Australia provides international students with a great mix of quality education with clear post-study work options, especially if they're planning to pursue long-term migration options abroad.
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Courses offered in Australia |
Master of Economics (MEcon) Master of Applied Economics |
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Top universities for MS in Economics in Australia |
Australian National University (ANU) University of Melbourne University of Sydney University of Queensland Monash University. |
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Admission requirements for MS in Economics in Australia |
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Annual Fees for MS in Economics in Australia (international) |
AUD 30,000 - AUD 50,000 |
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Scholarships for MS in Economics in Australia |
Australia Awards Scholarships Endeavour Postgraduate Scholarship Sydney Scholars India Equity Scholarship Australian Government Research and Training Program |
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Jobs After MS in Economics in Australia |
Economic Consultant Policy Analyst Data Specialist |
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Work visa after MS in Economics in Australia |
Temporary Graduate visa (subclass 485) |
Read Next: Study in Australia for Free in 2026
5. The Netherlands
The Netherlands and a few more European nations offer high-quality, English-taught Master’s programs in economics at a good value. Several great universities are offering an MS in Economics that provide practical and quantitative learning experience at affordable tuition fees compared to countries like the US and the UK.
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Courses offered in the Netherlands |
MSc Economics MSc Econometrics & Operations Research M.Sc. in Applied/International Economics MA programs in Economics-related fields |
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Top universities for MS in Economics in the Netherlands |
University of Amsterdam Erasmus University Rotterdam (Erasmus) Tilburg University Vrije Universiteit Amsterdam (VU) Leiden University. |
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Admission requirements for MS in Economics in the Netherlands |
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Annual Fees for MS in Economics in the Netherlands (international) |
EUR 11,000 - EUR 18,000 |
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Scholarships for MS in Economics in The Netherlands |
University fellowships like VU Fellowship, university merit scholarships NL Scholarships Erasmus Mundus (for eligible joint programs) External grants |
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Jobs After MS in Economics in the Netherlands |
Economic analyst Data scientist Consultant Roles in Dutch/EU public institutions. |
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Work visa after MS in Economics in the Netherlands |
Orientation Year residence permit allows graduates up to 12 months to stay and search for work after graduation |
Also Read: Master Degree in the Netherlands
How to Choose the Best Country for Indian Students to Study MS in Economics?
We are now familiar with the fact that there is no one best-fit country for everyone. Hence, we have listed a few crucial factors that will help you make an informed decision about choosing the best country for MS in Economics. These include:
- Academic Quality and Research Suitability: If you wish to choose an academic or research career, prioritise universities with strong econometrics and faculty that align with your interests.
- Programme Duration: 1-year UK programs reduce living costs, but could be intensive compared to two-year programs in countries like the US, Canada, and Australia, which give you more time for internships and research
- Costs and Funding: Germany and many other European Public Universities offer low-cost education compared to US private programs, which can be expensive. However, they do offer scholarship options to top applicants.
- Post-Study Work Opportunities: Look for Countries offering clear post-study work Pathways like Canada, Germany, the UK, and Australia, as this significantly affects your feasibility to stay long-term in the country
- Return on Investment (ROI): Carefully consider the placement rates, starting salaries, and if the degree helps you reach your ultimate goal. Some countries offer higher immediate salaries, but they could be on the costlier side
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Find Your Best Country for Indian Students to Study MS in Economics With GetGIS Assistance
Choosing the best country for Indian students to study MS in economics is purely based on the priority of the student. If you're looking for cutting-edge research and academic Excellence. Consider countries like the UK. Or if you're looking for affordability and a safe country, considering Germany or Canada could be benefiting.
To understand the pros and cons of choosing the right country for MS in Economics abroad, consider seeking assistance from study abroad experts like GetGIS.
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