MSc Behavioural and Economic Science (Science Track)

The MSc in Behavioural and Economic Science (Science Track) is tailored for individuals aiming to understand and influence decision-making across various domains, including public policy, industry, and individual behavior. The program equips students with the skills to design, conduct, and analyze behavioural experiments, implement models of choice, and assess potential behavioural interventions.

Curriculum: The curriculum comprises core modules such as Behavioural Microeconomics, Issues in Psychological Science, and Methods and Analysis in Behavioural Science. These modules provide a comprehensive understanding of microeconomic analysis from a behavioural perspective, core psychological concepts relevant to behavioural science, and experimental design coupled with statistical programming. Additionally, students undertake a Behavioural and Economic Science project during the summer, allowing them to apply their knowledge to novel research. Optional modules, which may vary yearly, include Experimental Economics, Principles of Cognition, Psychological Models of Choice, Behavioural Change: Nudging and Persuasion, Bayesian Approaches in Behavioural Science, Neuroeconomics, and Behavioural Ethics. 

Research Focus: The program emphasizes rigorous research training, encouraging students to engage in experimental design and statistical programming. This focus is supported by the university's dedicated research facilities, including state-of-the-art laboratories ideal for testing individual and group behavior. The Behavioural Science group at Warwick is renowned for its work in behavioural and experimental economics, cognitive science, and decision-making, providing a rich environment for scholarly inquiry. ​

Industry Engagement: Warwick maintains strong connections with various industries, offering students opportunities to apply their knowledge in practical settings. Graduates have secured positions in esteemed organizations such as Decision Technology, the Commonwealth Bank, the Busara Center, the Behavioural Insights Team, and Cowry Consulting. The department's dedicated careers consultant provides guidance and organizes events like the Careers in Behavioural Science workshops, facilitating networking and professional development. ​

Global Perspective: The University of Warwick fosters an international academic community, attracting students and faculty from around the world. This diversity enriches the learning experience, offering multiple perspectives on behavioural and economic science. The program's global outlook prepares graduates to operate effectively in international contexts, addressing economic challenges that transcend national boundaries.

Postgraduate Entry requirements

1. Academic Qualifications: Postgraduate applicants are expected to hold a relevant undergraduate degree from a recognized institution, with a minimum academic achievement of 60% to 80%.  

2. English Language Proficiency:  

• IELTS (International English Language Testing System): Minimum overall score of 7.0, with minimum component scores of two at 6.0/6.5 and the remaining components at 7.0 or above.

• TOEFL (Test of English as a Foreign Language): Minimum score of 100 on the internet-based test (iBT), with minimum sub-scores of Reading 22, Listening 21, Speaking 23, and Writing 21.

• PTE (Pearson Test of English): Minimum overall score of 70, including 59 or above in all components.

Students must provide:

• academic marksheets & transcripts
• letters of recommendation
• a personal statement - SOP
• passport
• other supporting documents as required by the university.

Work experience: Some postgraduate courses may require relevant work experience in the field.

It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.

The University of Warwick offers a range of scholarships and financial aid opportunities to support international students pursuing their academic aspirations at one of the UK's leading universities. These scholarships are designed to recognize academic excellence, promote diversity, and alleviate financial barriers to higher education. 

Chancellor's International Scholarship: The Chancellor's International Scholarship is offered to outstanding international PhD applicants across all disciplines. This scholarship covers the full payment of overseas tuition fees and provides a generous stipend to support living expenses. Recipients of this scholarship are selected based on academic excellence and research potential.

Warwick Marshall Scholarship: The Warwick Marshall Scholarship is open to students from select developing countries who wish to pursue a Master's degree at Warwick. This scholarship covers full tuition fees, accommodation, and living expenses for the duration of the Master's program. Applicants must demonstrate academic excellence, leadership potential, and a commitment to making a positive impact in their home countries.

Commonwealth Shared Scholarship: Warwick participates in the Commonwealth Shared Scholarship scheme, which enables students from eligible Commonwealth countries to pursue a Master's degree in selected subjects at the university. This scholarship covers tuition fees, airfare, living expenses, and other allowances. Applicants must meet specific eligibility criteria outlined by the Commonwealth Scholarship Commission.

Other Departmental Scholarships: Various academic departments and faculties at Warwick offer specific scholarships and funding opportunities for international students based on academic merit, research potential, and other criteria. These scholarships may vary by program and are typically advertised on departmental websites.

External Funding Sources: In addition to university-specific scholarships, international students are encouraged to explore external funding sources, including government scholarships, corporate sponsorships, and international organizations offering financial support for higher education. The university's international office provides guidance and resources to help students identify and apply for external funding opportunities.

It is important to note that scholarship availability, criteria, and application deadlines may change from year to year.

The MSc in Behavioural and Economic Science (Science Track) at the University of Warwick equips graduates with a unique blend of skills in behavioral science and economic theory, making them highly competitive in a diverse job market. The program's focus on rigorous scientific research and practical applications prepares students for a wide range of career paths. Graduates are well-suited for roles in academia, public policy, market research, consultancy, and beyond, where their expertise in understanding and influencing human behavior is highly valued.

Academic Researcher and Lecturer: Graduates are well-prepared for careers in academia as researchers and lecturers. They can pursue PhD programs or postdoctoral research positions, contributing to the advancement of behavioral and economic science. Their expertise in experimental design, statistical analysis, and behavioral theory allows them to conduct independent research and publish in academic journals. As lecturers, they can educate the next generation of students in universities and research institutions worldwide.

Behavioral Policy Advisor: Many graduates find rewarding careers as behavioral policy advisors in government agencies, international organizations, and non-governmental organizations (NGOs). In these roles, they apply behavioral insights to design and implement policies that improve public welfare. Their ability to understand and predict human behavior helps in crafting effective interventions in areas such as health, education, and environmental policy, making them invaluable in policy-making processes.

Market Research Analyst: The skills acquired in the program are highly applicable in the field of market research. Graduates can work as market research analysts, where they study consumer behavior to help companies understand market trends and preferences. Their ability to design experiments and analyze data allows them to provide actionable insights that guide marketing strategies, product development, and customer engagement. This role is crucial for businesses aiming to stay competitive in dynamic markets.

Consultant in Behavioral Science: Graduates can pursue careers as consultants specializing in behavioral science. Working with consultancy firms, they provide expertise to clients across various industries, including finance, healthcare, and retail. Their knowledge of behavioral economics and experimental methods enables them to design interventions that improve organizational performance, enhance customer experiences, and drive business growth. Consultants help companies apply behavioral insights to solve complex challenges and optimize their operations.

Financial Behavior Specialist: The financial sector offers significant opportunities for graduates, particularly as financial behavior specialists. These professionals work in banks, investment firms, and insurance companies, analyzing how psychological factors influence financial decisions. They use their understanding of behavioral biases to develop strategies that encourage better financial behaviors among clients, improve financial products, and reduce risk. Their insights help financial institutions enhance customer satisfaction and achieve better financial outcomes.

Human Resources and Organizational Development Specialist: Graduates can also excel in human resources (HR) and organizational development roles. They apply behavioral science principles to improve workplace culture, employee engagement, and productivity. Their ability to design and implement behavioral interventions helps organizations foster positive work environments and enhance employee well-being. This role is essential for companies seeking to leverage behavioral insights to create more effective and supportive HR practices.

Public Health Analyst: The program prepares graduates for careers as public health analysts, where they apply behavioral insights to address public health challenges. They design and evaluate interventions aimed at promoting healthier behaviors, such as increasing physical activity, improving diet, and reducing substance abuse. Their expertise in experimental design and data analysis enables them to assess the effectiveness of public health programs and recommend evidence-based strategies to improve population health.