MSc Economics and International Financial 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 6.5, with minimum component scores of two at 6.0/6.5 and the remaining components at 6.5 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 MSc Economics and International Financial Economics program at the University of Warwick are equipped with a strong foundation in economics and finance, as well as specialized knowledge in international financial markets and institutions. This combination of skills and expertise prepares them for diverse and rewarding career opportunities in the global finance industry, policymaking institutions, multinational corporations, and research organizations.  

1. Investment Banking Analyst/Associate: Graduates may pursue careers in investment banking as analysts or associates, working for leading financial institutions such as investment banks, brokerage firms, or asset management companies. They analyze financial markets, evaluate investment opportunities, and provide strategic advice to clients on mergers and acquisitions, capital raising, and corporate finance transactions. They may specialize in areas such as equity research, fixed income, or derivatives trading, leveraging their expertise in financial analysis and risk management.

2. Financial Risk Manager/Analyst: Graduates can work as financial risk managers or analysts for banks, hedge funds, or consulting firms, helping organizations identify, assess, and manage financial risks. They analyze market risks, credit risks, and operational risks, develop risk management strategies, and implement risk mitigation measures to safeguard the financial health of their organizations. They may specialize in areas such as market risk, credit risk, liquidity risk, or regulatory compliance, utilizing their quantitative skills and financial knowledge to navigate volatile market conditions and regulatory requirements.

3. Corporate Finance Manager/Analyst: Graduates may pursue careers in corporate finance as managers or analysts for multinational corporations, financial services firms, or consulting companies. They analyze financial data, evaluate investment opportunities, and advise companies on capital budgeting, financial restructuring, and strategic decision-making. They may assist with mergers and acquisitions, capital raising initiatives, or corporate governance matters, helping companies optimize their financial performance and achieve their business objectives.

4. Economic Policy Analyst/Researcher: Graduates can work as economic policy analysts or researchers for government agencies, central banks, or international organizations, providing insights and recommendations on economic policy issues, such as monetary policy, fiscal policy, and trade policy. They conduct economic research, analyze data, and develop policy proposals to address economic challenges and promote sustainable economic growth. They may contribute to economic forecasting, policy analysis, or program evaluation, influencing policymakers and shaping public policy debates.

5. International Development Specialist: Graduates may pursue careers in international development as specialists or consultants for development organizations, non-profit organizations, or multilateral agencies. They design and implement development projects, conduct economic assessments, and provide technical assistance to countries and communities in areas such as poverty reduction, infrastructure development, and sustainable development goals. They may work on projects funded by international donors, leveraging their expertise in economics and finance to promote inclusive and equitable economic development.

6. Financial Data Analyst/Quantitative Analyst: Graduates with strong quantitative skills can work as financial data analysts or quantitative analysts for financial technology companies, data analytics firms, or quantitative trading firms. They analyze large datasets, develop predictive models, and generate insights to support algorithmic trading, risk modeling, or investment strategies. They may specialize in areas such as algorithmic trading, machine learning, or high-frequency trading, leveraging their programming skills and statistical knowledge to extract value from financial data and drive innovation in the financial industry.

7. PhD Studies/Research Career: Some graduates may choose to pursue further studies at the doctoral level in economics, finance, or related fields, conducting advanced research and contributing to the academic literature. They may pursue academic careers as professors, researchers, or scholars in universities, research institutes, or think tanks, conducting independent research, publishing scholarly articles, and teaching undergraduate or postgraduate courses in economics and finance.