MRes in Economics

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.

Graduates of the MRes in Economics program at the University of Warwick possess advanced research skills, analytical expertise, and specialized knowledge in economic theory and empirical methods, positioning them for diverse and rewarding career opportunities in academia, government, research institutions, and the private sector.  

1. PhD Studies: Many graduates of the MRes in Economics program pursue further studies at the doctoral level, either within the University of Warwick or at other prestigious institutions worldwide. With their strong research training and academic background, graduates are well-prepared for doctoral programs in economics or related fields, where they can conduct original research and contribute to the advancement of knowledge in their areas of specialization.

2. Academic Researcher/Teacher: Graduates may pursue careers as academic researchers or teachers in universities, research institutes, or think tanks. They can work as research fellows, postdoctoral researchers, or assistant professors, conducting independent research, publishing scholarly articles, and teaching undergraduate or postgraduate courses in economics. They contribute to the academic community by generating new knowledge, mentoring students, and disseminating research findings through publications and presentations.

3. Policy Analyst/Economist: Graduates can work as policy analysts or economists in government agencies, central banks, or international organizations. They analyze economic trends, evaluate policy options, and provide expert advice to policymakers on a wide range of economic issues, such as monetary policy, fiscal policy, trade policy, and regulatory reform. They play a crucial role in shaping public policies and promoting economic stability, growth, and development.

4. Research Economist/Consultant: Graduates may work as research economists or consultants for research firms, consulting companies, or non-profit organizations. They conduct economic research, analyze data, and provide insights and recommendations to clients on economic and business issues. They may specialize in areas such as labor economics, health economics, environmental economics, or industrial organization, depending on their research interests and expertise.

5. Data Analyst/Quantitative Analyst: Graduates with strong quantitative skills can pursue careers as data analysts or quantitative analysts in industries such as finance, technology, or healthcare. They analyze large datasets, build econometric models, and derive insights to support decision-making, risk management, and business strategy. They may work for financial institutions, tech companies, or research organizations, applying their analytical skills to solve complex problems and drive innovation.

6. Policy Researcher/Advocate: Graduates may work as policy researchers or advocates for non-profit organizations, advocacy groups, or think tanks. They conduct research, analyze policy issues, and advocate for evidence-based policies that address societal challenges, such as poverty, inequality, or climate change. They use their research skills and expertise to inform public debate, influence policymaking, and promote social change.

7. Private Sector Analyst/Strategist: Graduates can work in the private sector as analysts or strategists for corporations, banks, or consulting firms. They analyze market trends, assess competitive landscapes, and identify growth opportunities to help businesses make informed strategic decisions and achieve their objectives. They may specialize in areas such as market research, business intelligence, or strategic planning, leveraging their economic expertise to drive business success.