Master’s in Economics in the UK: Top Universities, Eligibility, Application Process and Career Prospects

Are you intrigued to pursue economics in one of the world's most esteemed educational landscapes? If yes, did you know that the UK has a rich history of nurturing global leaders, with a significant number of them specializing in economics?

With economics programs often encompassing areas like social policy and financial markets, earning a degree in this field can unlock opportunities for impactful careers at the highest levels. You will be amazed that the sky's the limit when it comes to what you can achieve with a Master's in Economics in the UK. So, let's dive in and explore the possibilities together!

Top 10 Universities for Economics Master’s in the UK

An undergraduate degree in economics usually takes 3-4 years to complete, while a master's degree takes a minimum of 1-2 years. The university you choose for your master's course can greatly impact the job opportunities available to you. With that being said, let's take a look at the top universities for master's in economics in the UK.

Course Curriculum for MSc in Economics in the UK

The MSc Economics in the UK program mandates specific course units, including the completion of a thesis spanning 12,000-15,000 words, scheduled after examinations in May and June.

It's important to note that the curriculum may vary across universities; the details provided here pertain to the Economics program at the University of Manchester.

Also Read: UK Student Visa Requirements in 2024: A Comprehensive Guide

Top 5 Universities for MA in Economics in the UK

The cost of studying for a Master’s degree in Economics in the UK can range from £9,255 to £28500. The table below shows the tuition fees for each of the universities offering this course. However, students who plan to pursue this program must also consider other costs of studying expenses in the UK.

Course Curriculum for MA in Economics in the UK

The MA Economics course offers an education in both microeconomic and macroeconomic principles, alongside quantitative methods and practical economics.

It's distinct from the MSc Economics program at the University of Manchester due to its emphasis on practical, real-world applications rather than theoretical concepts.

Wondering if you will get a part-time job in the UK to support your expenses? Then read this guide to explore opportunities

Eligibility Requirements for Economics Master’s Degree in the UK

The entry requirements for a Master's degree in Economics in the UK can vary between universities. However, most universities have similar criteria for English language proficiency.

To illustrate, let's take an example of pursuing an MSc in Economics from the University of Manchester.

• Applicants should possess a UK 2:1 honors degree (or equivalent from overseas) in economics, finance, mathematics, or a related field, with a strong foundation in economic theory, mathematics, and econometrics.
• For non-native English speakers, specific language proficiency requirements must be met:
  • IELTS Academic test score of 7 overall, with at least 7 in writing and no individual component score below 6.5.
  • TOEFL iBT score of 100, with a minimum writing score of 25 and no subsection score below 22.
  • Pearson Test of English (PTE) score of 76 overall, with at least 76 in writing and no score below 70 in other sections.
• Applicants falling short of these language scores may be considered if they undertake a pre-sessional English language course at the University of Manchester before commencing the program.

Explore: Complete Guide on UKVI IELTS, Types and Exam Fees 2024

Scholarship for MS in Economics in the UK

For the academic year 2024-25 here are some of the best scholarships that you can apply for if you are planning to pursue a master's in economics in London. The scholarships mentioned below are not limited to just master's degrees but also include Ph.D. programs.

Career Prospects After Pursuing MS in Economics in the UK

A postgraduate economics master’s degree in the UK offers diverse career pathways across academia, private enterprises, public institutions, NGOs, and beyond. Exploring potential job avenues can assist graduates in leveraging their economic credentials to secure suitable employment opportunities.

Also Read: Top 10 Highest-Paying Jobs in the UK in Various Industries

Navigate the Study Abroad Services with GetGIS

Embarking on a journey to pursue an MS in Economics in the UK opens doors to a variety of opportunities for personal and professional growth. Through rigorous academic training and exposure to real-world applications, students acquire invaluable skills that prepare them for diverse career pathways across industries and sectors.

As you consider your academic aspirations, remember that our GetGIS study abroad experts are here to offer end-to-end services with invaluable support and guidance. With dedication, perseverance, and the right resources, the pursuit of an MS in Economics in the UK can be a transformative experience that paves the way for a fulfilling and rewarding career journey.

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