Masters in Economics in UK- Top Universities, Application Process, Cost

The UK has long been a global economic powerhouse and a hub for academic excellence, making it an ideal destination for pursuing higher studies in economics. Known for housing some of the world’s best universities, a Masters in Economics in UK 2025 promises academic detail and unparalleled career opportunities. 

The one-year postgraduate program equips students with the skills to analyse complex data, evaluate macroeconomic and microeconomic trends, and contribute meaningfully to global economic discussions. Additionally, the UK’s revamped post-study work policies now offer international students a two-year post-study work visa, providing ample time to secure rewarding roles with prestigious organisations like Barclays Capital Inc., Reed Business Information, and Frontier Economics. 

Whether you aspire to excel in research, policymaking, or financial analysis, pursuing a master’s degree in economics in the UK sets the stage for a growing international career. Read on to explore top universities, the application process, costs, scholarships, and job prospects for 2025! 

Why Study a Master’s in Economics in UK in 2025? 

Studying a Master’s in Economics in UK comes with many benefits. Here’s why it’s a great choice: 

Top Universities for MSc Economics Courses 

The UK is home to some of the world’s best universities for economics, including the London School of Economics, the University of Oxford, and the University of Cambridge. These institutions are famous for their high-quality MSc Economics courses and excellent teaching standards. 

Global Career Opportunities 

Earning a Master’s in Economics in the UK gives you global exposure and opens doors to top jobs. Graduates often find great opportunities in industries like finance, banking, human resources (HR), and business. 

High Demand in Key Sectors 

Many job openings for economics graduates in the UK are in the financial services, banking, and business sectors, which offer excellent career growth and stability. 

Opportunities for Research and Study 

 If you’re interested in research or further studies, the UK offers excellent resources and support for advanced learning in economics. 

Choosing an MSc Economics course in the UK helps you build a successful career with a degree from one of the world’s leading academic hubs. 

Cost of studying Masters in Economics in UK 2025 

The average cost of studying a master’s in economics in the UK ranges from £17,000* to £32,000* per year, equivalent to approximately ₹18 lakhs to ₹32 lakhs. The tuition fees typically cover the following: 

Note: This table provides an overview of the expected costs for studying an MSc Economics course in the UK, helping you plan your budget effectively. The cost can vary according to the needs of the students.  

Masters in Economics in UK Requirements 

To pursue Masters in Economics in the UK, candidates must meet the following eligibility criteria: 

• English Proficiency:
  Applicants need an IELTS score between 6.5 and 7.0, a TOEFL iBT score of 100, or proof of proficiency through other tests such as PTE or the Duolingo English Test (DET).

• Academic Qualifications: 

• A globally recognised undergraduate degree. 

• An academic average of 65-67%. 

• For candidates from private universities in India, a 70% aggregate in a bachelor’s degree is typically required. 

These requirements are standard for admission into MSc Economics courses and other postgraduate programs in the field. Always verify specific criteria with your chosen university, as they may vary. 

Documents Required for Masters in Economics in UK 2025 

If you are planning to pursue a Masters in Economics in UK in 2025, ensure you have the following documents ready: 

• 10th Marksheet: A certified copy of your secondary school results. 
• 12th Marksheet: Proof of your higher secondary qualifications. 
• Bachelor’s Degree/Provisional Certificate: A valid certificate indicating the completion of your undergraduate studies. 
• Academic Transcripts: Semester-wise marksheets showcasing your academic performance. 
• Updated Resume: A professionally formatted CV highlighting your academic and professional achievements. 
• Statement of Purpose (SOP)/Essay: A well-written SOP detailing your motivation for pursuing a Master in Economics in the UK and future goals. 
• English Proficiency Certificate: Results from recognised tests like IELTS or TOEFL demonstrating your language skills. 
• Extracurricular Certificates: Proof of involvement in activities that showcase your leadership or diverse skills. 
• Additional Documents (if required): This may include recommendation letters, a financial statement, or work experience certificates based on university-specific requirements. 

Ensure all documents are accurate, certified, and submitted per your chosen university’s application guidelines. 

Top Universities for Masters in Economics in UK 

Exploring the best institutions in the UK for a Master in Economics can unlock opportunities, with programs designed to equip you with the skills and knowledge to progress in today’s global economy. 

London School of Economics (LSE) 

Course: MSc Economics
Course Fees for Indian Students: £34,128 

The London School of Economics is globally known for its economics courses, offering a strong foundation in economic theory, econometrics, and applied economics.  

Students at LSE can specialise in various areas, including financial markets, economic performance, and development economics. The Department of Economics also hosts several prestigious research centres, such as the Centre for Economic Performance and the Financial Markets Group. 

University of Oxford 

Course: Economic and Social History
Course Fees for Indian Students: £30,910 

A degree in economics from the University of Oxford provides an unparalleled opportunity to study with world-class faculty. Oxford’s economics department consistently ranks among the best globally.  

The program spans a comprehensive study of microeconomics, macroeconomics, econometrics, and game theory. Additionally, students can engage in extracurricular activities such as the Oxford Economics Society and research projects with faculty. 

University of Cambridge 

Course: MPhil in Economics
Course Fees for Indian Students: £36,864 

The University of Cambridge boasts a long and distinguished history in economics, with several Nobel laureates among its faculty and alumni. The MPhil in Economics offers a deep dive into microeconomics, macroeconomics, econometrics, and specialised topics.  

Students benefit from world-class research centres like the Centre for Economic Performance and the Cambridge-INET Institute, contributing to a pioneering learning experience. 

University College London (UCL) 

Course: Economics MSc
Course Fees for Indian Students: £37,500 

UCL offers various MSc Economics courses covering microeconomics, macroeconomics, econometrics, and development economics. Located in central London, students can access excellent networking opportunities, guest lectures, and seminars from leading economists and industry professionals.  

UCL’s interdisciplinary approach provides a holistic understanding of economics, preparing students for diverse career paths. 

University of Warwick 

Course: MSc Economics and International Financial Economics
Course Fees for Indian Students: £29,830 

The University of Warwick is known for its high levels of student satisfaction and high ranking in teaching and resources. Its MSc Economics and International Financial Economics program offers in-depth knowledge of economic theory and practical financial skills.  

The university’s research centres focus on global economic challenges, providing students with research opportunities in international finance and global competitiveness. 

London Business School 

Course: Masters in Financial Analysis
Course Fees for Indian Students: £44,900 

London Business School stands out for its practical approach to economics education, particularly in financial analysis and financial economics. The faculty at LBS includes renowned researchers with deep expertise in academia and the business sector.  

As part of its global network, students benefit from a curriculum connected to real-world economic and financial challenges. 

Imperial College London 

Course: MSc Economics & Strategy for Business 

Course Fees for Indian Students: £34,400 

Imperial College London offers an interdisciplinary perspective on economics education, combining economic theory, econometrics, and applied economics with a focus on business strategy and public policy. Students are taught by leading economists and engage in innovative research in areas like fiscal studies and macroeconomics. 

University of Manchester 

Course: MSc Economics 

Course Fees for Indian Students: £27,500 

The University of Manchester’s Department of Economics is highly regarded for its research-led teaching and academic excellence. Ranked fifth in the UK for research power, the university provides a solid foundation in micro and macroeconomics.  

The MSc Economics program at Manchester equips students with the tools to analyse and model economic problems in theoretical and practical contexts. 

University of Edinburgh 

Course: MA Economics 

Course Fees for Indian Students: £26,300 

As the first university to teach economics as a distinct subject, the University of Edinburgh continues to be a leader in the field. The School of Economics offers various MSc courses, including Economics (Finance) and Economics (Econometrics).  

Students benefit from its rich academic heritage and Advanced research, with numerous opportunities for career advancement in both academic and professional settings. 

University of Nottingham 

Course: Economics MSc 

Course Fees for Indian Students: £26,250 

The University of Nottingham provides a dynamic economics program with a strong emphasis on econometrics and economic modelling.  

The MSc Economics is designed to give students an in-depth understanding of modern monetary theory while equipping them with technical skills in econometrics. Nottingham is known for its innovation in research and offers a thriving academic environment for economics students. 

Scholarships for Master’s in Economics in the UK 2025 

Discover a range of scholarships available for Master’s in Economics programs across UK universities, with funding opportunities spanning from 5% to 100% of tuition fees or from £2,000 to £800,000. 

Note: The costs mentioned above are subject to change and may vary over time. 

Study a Master’s in Economics in the UK with Shuraa Education 

In conclusion, pursuing a Master’s in Economics in the UK offers many opportunities for academic growth and career advancement. With access to some of the world’s top universities, a strong global network, and a wide range of scholarships, students can shape a successful career in economics.  

The UK’s rich academic environment and strong post-study work visa policies ensure that graduates are well-positioned for rewarding roles in diverse sectors like finance, banking, and public policy.  

As you plan your journey towards studying in the UK, Shuraa Education is here to guide you through the application process, provide expert advice on university selection, visa requirements, and financial planning, and help you navigate all the necessary steps to make your study abroad experience seamless and successful.