The UK is one of the leading and oldest economic centers globally. It houses the best universities for a master’s degree in economics. So, if you are planning to do your master’s in economics in the UK, you are on the right track! The degree is a gateway to a rewarding global career in research, analysis, and policymaking. The course usually spans one year at the postgraduate level, training aspirants to analyze data and examine macro and microeconomic factors worldwide.
A master’s course in the UK will cost roughly £16,000-£30,000 per year. At the same time, the UK has revamped its post-study work policies and now offers a two-year post-study work visa for international aspirants. It helps aspirants seek employment opportunities with leading recruiters in this field such as Barclays Capital Inc, Barclays Bank PLC, Reed Business Information, Frontier Economics, European Bank for Reconstruction, and many others.
Studying your MSc economics in the UK will give you many benefits. They include the following:-
The UK is home to the world’s best and most acclaimed universities for economics, including biggies such as the London School of Economics, the University of Oxford, and the University of Cambridge, among others.
Studying master’s in economics in the UK will help you gain global exposure while also getting excellent employment opportunities with leading companies.
More than half of the available openings are found in the financial and banking sectors, human resources (HR), and business.
The UK offers great prospects for future research and study in economics.
Best Universities for Master’s in Economics in the UK
Here are the best universities for economics in the UK that you should consider:
Job Prospects After Doing MS in Economics in the UK
Aspirants can expect to find rewarding jobs at banks, consultancy companies, international or financial entities, academic institutions, etc. An economics degree offers valuable skills and knowledge highly revered by potential employers worldwide. Some available job positions include economic analysts, senior economists, economic consultants, pricing analysts, operations managers, pricing managers, etc. Average salaries hover between £31,000-64,000per annum.
There has been a steadily rising demand for qualified and skilled economists in the UK over the last few years. Candidates can get high-paying employment in the United Kingdom or other global nations.
Visa Procedure
You will need a Tier-4 student visa or a Student Route visa to study MS in economics in the UK. You should be more than 16 years of age with requisite English speaking, understanding, and reading abilities, along with showing proof of funds and your offer letter from an institution in the country. You will need to clear the SELT (IELTS Life Skills) or adhere to the CEFR (Common European Framework of Reference for Languages) B2 language proficiency level.
Necessary documents include:
Passport.
Proof of funds.
Photograph.
Application form.
Receipt of application fee payment.
Tuberculosis test results.
Immigration health surcharge.
Self-assessment form (appendix 8) with all necessary attached documents.
Available Scholarships
Here are some of the available scholarships for aspirants:
Name of the Institution
Name of Scholarship
Scholarship Amount
Imperial College London
GREAT scholarship
£10,000
University of Kent
British Council GREAT Scholarship
£10,000
Heriot-Watt University
Postgraduate Merit Award
£1500-3000
University of Sussex
Chancellor’s International Business Scholarship 2020
£5,000 to 7,500
The University of Manchester
GREAT Scholarships 2020
£800,000
Swansea University
MBA CENTENARY SCHOLARSHIP 2020
£20,000
Queen’s University Belfast
Queen’s Loyalty Scholarship
20% tuition fee waiver for a year
Cardiff University
Vice Chancellor’s International Scholarship
£2,000
University of Bristol
Global Economics Postgraduate Scholarship
Five scholarships that are worth £5000
Disclaimer! All course fees and scholarships are approximate amounts subject to change depending on various conditions.
What can you do with a master’s in economics in the UK?
You can always pursue a rewarding global career as a business, economic or financial analyst, researcher, data scientist, statistician, or stock market expert at various international financial and banking entities, research and consultancy firms, and policy organizations. You can also get into financial risk management, chartered accountancy, investment analysis, and many other related fields. You can choose to pursue further research in the UK or apply for high-paying jobs in your field.
Is economics a good degree in the UK?
Economics is a great degree to study in the UK, primarily because the country offers a world-class atmosphere of research and learning. It is also home to the world’s best-ranked universities for economics while offering many job opportunities in a diverse array of fields at top public and private sector companies. A degree from the UK will help you build a global financial, banking, or consulting career.
Which is the best university to study economics in the UK?
Many leading universities are offering MS in economics in the UK. Some of them include the London School of Economics, the University of Oxford, Imperial College London, University of Cambridge, the London Business School, University of Bristol, the University College London, and the University of Manchester.
With over a decade of expertise in international education, Jyotsna has held impactful roles at the British Council, Unilodgers, a prominent UK university, and IDP Education, empowering countless students by not only enhancing their educational experiences but also by offering them guidance in securing essential scholarships and financial aid. She is dedicated to helping students achieve their academic goals through tailored guidance and financial support.
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