Masters in Economics in the UK: Top Universities, Eligibility, and More in 2025

A Masters in Economics in the UK offers access to globally renowned institutions such as the University of Oxford, the University of Cambridge, and the London School of Economics, which rank among the top 10 worldwide for Economics courses. Tuition fees for these programs range from £22,000 to over £45,000 annually.

Graduates benefit from robust employment prospects, with starting salaries ranging between £25,000 and £35,000, with senior roles offering £50,000 to £75,000 annually. Now let’s explore the requirements and prospects for a Masters in Economics in the UK with this blog.

Top 10 Universities for Masters in Economics in the UK

A master's degree takes a minimum of 1-2 years to complete in the UK. Choosing the right university for an Economics master’s program can greatly impact your academic and career growth. The UK hosts several prestigious institutions consistently ranked among the world’s best. Below is a table highlighting the top 10 universities for a Masters in Economics in the UK.

Also Read: Top Public Universities in UK - Fees, Location and more

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.

• Mathematical Methods in Economic Analysis
• Microeconomic Theory
• Macroeconomic Theory
• Introduction to Quantitative Methods in Economics
• Econometric Methods
• Dissertation
• Development Microeconomics
• Microeconometrics
• International Macroeconomics
• Poverty, Inequality, and Government Policy in Less Developed Countries

Quick Read: Top 10 Universities in the UK for Masters

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.

Check Out: A Detailed Guide to Cost of Studying in 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.

• Foundations of macroeconomics
• Foundations of microeconomics
• Principles of finance and investment
• Quantitative methods
• Applied econometrics
• Applied policy analysis
• Corporate finance
• Environmental and energy resource economics
• Firms and markets
• International Finance
• Risk management
• Advanced economics project

Explore: Ultimate Guide to Part-Time Jobs in UK for International Students

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 honours 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.

Suggested Reading: Documents Required For Applying For UK Student Visa in 2025

Scholarship for MS in Economics in the UK

Getting an MS in Economics in the UK can be financially demanding, but scholarships can ease this burden. Many universities offer generous funding options to attract talented international students. Here are some scholarships for an MS in Economics in the UK for international students.

Also Read: Scholarships to Study in UK: All You Need to Know

Career Prospects After Pursuing MS in Economics in the UK

A Masters in Economics in the UK offers diverse career pathways across academia, private enterprises, public institutions, NGOs, and beyond. Exploring potential job options can assist graduates in securing suitable employment opportunities.

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

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Embarking on a journey to pursue Masters 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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Quick Links for You:

• Master’s in Economics in the USA: Why is it Worth Pursuing?
• Intakes in the UK 2025: A Comprehensive Guide for International Students