MSc Economic Policy
London
INTAKE: September
Program Overview
The MSc Economic Policy program offers rigorous training in the principles of economic policy, grounded in the evolution of economic theory and practice. It provides a platform for critical discussion and analysis of policy design and evaluation methods linked to real-world problems. Notably, the program does not require a first degree in Economics for enrollment, making it accessible to a broad range of students with diverse academic backgrounds.
Curriculum: The curriculum comprises eight taught modules—four compulsory and four optional—each worth 15 credits, and a 10,000-word research project accounting for 60 credits. Core modules include 'Debates in Economic Theory' and 'Global Economic Policy Analysis,' which provide foundational knowledge in economic theory and policy debates. Optional modules allow students to specialize in areas such as Economic Policy and International Finance, Economic Policy and the Environment, and Economic Policy and Institutions. This structure enables students to tailor their studies to their interests and career goals.
Research Focus: The program emphasizes the development of qualitative and quantitative research capabilities. Students are required to submit a research project on a topic relating to Economics or Economic Policy. Guidance on developing the research project is provided through a Research Methods module and supervision by faculty members with relevant expertise. This research component allows students to engage deeply with specific economic policy issues and contribute original insights to the field.
Industry Engagement: SOAS's MSc Economic Policy program offers opportunities for students to engage with leading international organizations. Participants are eligible to apply for a co-supervised dissertation, collaborating with members of the Economics department and experts from institutions such as the World Bank, the International Trade Centre (ITC), the United Nations Industrial Development Organization (UNIDO), the United Nations Conference on Trade and Development (UNCTAD), and the International Labour Organization (ILO). Additionally, the program is offered as part of a dual master's degree with Johns Hopkins University School of Advanced International Studies (SAIS), allowing students to gain a Master's award from each institution.
Global Perspective: SOAS University of London is renowned for its focus on non-Western perspectives and its commitment to addressing global issues. The MSc Economic Policy program reflects this ethos by exploring economic policy challenges in both advanced and developing regions. Students benefit from a diverse academic community and a curriculum that emphasizes the socio-economic and political contexts of policy-making worldwide.
Location
London
Score
IELTS 6.5
Tuition Fee
£ 25320
Postgraduate Entry Requirements
Academic Qualifications: Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of 60% or equivalent.
English language proficiency:
- IELTS: A minimum overall score of 6.0 or 6.5 with no individual component below 6.0.
- TOEFL: A minimum overall score of 95.
- PTE Academic: A minimum overall score of 65.
- Some postgraduate programs may have specific subject prerequisites or additional requirements.
SOAS University of London offers a variety of scholarships to support international students pursuing postgraduate studies. These scholarships are designed to recognize academic excellence and provide financial assistance to students from diverse backgrounds.
SOAS International Scholarships: SOAS University of London offers a range of scholarships specifically designed for international students. These scholarships aim to support students from various regions and backgrounds who are looking to study at the institution. Scholarships vary by program and are awarded based on merit or financial need.
Postgraduate Scholarships: SOAS provides several postgraduate scholarships for international students, including the prestigious SOAS Postgraduate Scholarships. These are awarded based on academic merit and cover partial or full tuition fees. Some specific awards are dedicated to students from particular regions, such as Africa, Asia, or the Middle East, to encourage diverse participation in postgraduate programs.
Regional Scholarships: SOAS University of London provides scholarships for students from specific regions, including the Commonwealth, Africa, Asia, and Latin America. These scholarships are aimed at increasing access to higher education for students from regions with traditionally lower rates of study abroad participation. Some of the notable scholarships include the SOAS Africa Scholarship and the SOAS South Asia Scholarship.
Country-Specific Scholarships: Certain scholarships are tailored to international students from specific countries. For example, SOAS offers scholarships for students from countries like India, China, Nigeria, and others. These scholarships typically cover a portion of tuition fees and may also include additional benefits like travel allowances or accommodation assistance.
External Funding Opportunities: In addition to the internal scholarships offered by SOAS, international students are encouraged to explore external funding sources. The UK government, private organizations, and international agencies often provide scholarships and grants for students pursuing studies in the UK. SOAS offers guidance and resources to help students find external funding options and apply for them.
SOAS Excellence Awards: The SOAS Excellence Awards are designed to support exceptionally talented international students. These awards are often given to those students who have demonstrated outstanding academic potential in their field of study. The Excellence Awards provide significant financial assistance and are available to both undergraduate and postgraduate students.
Graduates of the MSc Economic Policy at SOAS University of London are uniquely positioned for a wide array of career opportunities that require advanced skills in economic analysis, policy design, and development strategy. Thanks to SOAS's global perspective and critical, pluralist approach to economics, students are well-prepared to work in diverse international contexts and multidisciplinary environments.
International Organizations and Development Agencies: Many SOAS graduates go on to work for major global institutions such as the World Bank, International Monetary Fund (IMF), United Nations (UN), and World Trade Organization (WTO). These roles typically involve economic policy analysis, program evaluation, and advising on macroeconomic reforms and development strategies.
Government and Public Sector: The MSc in Economic Policy prepares students for roles in national governments and public policy think tanks. Graduates often find positions in central banks, ministries of finance, or development agencies, where they contribute to the formulation and evaluation of fiscal, monetary, and social policies aimed at sustainable economic growth and poverty reduction.
NGOs and Non-Profits: SOAS graduates with expertise in economic policy are highly sought after by non-governmental organizations working on issues like inequality, environmental sustainability, public health, and education. Positions in these organizations include policy advisors, program managers, and economic development specialists.
Economic and Policy Consultancy: The program equips students with quantitative and qualitative research skills, making them strong candidates for consultancy roles. Graduates often join economic consultancies, think tanks, or corporate strategy firms, advising clients on economic policy, regulatory issues, and investment climates.
Financial Institutions: Though focused on policy, the program also prepares graduates to enter the financial sector, particularly in areas like impact investing, development finance, and sustainable economic planning. Roles in multilateral banks, credit rating agencies, and financial advisory firms are common pathways.
Academia and Research: For those interested in pursuing academic careers or further study, the MSc in Economic Policy provides an excellent foundation for a PhD in Economics, Development Studies, or Public Policy. Many graduates join universities and research centers as teaching or research assistants and eventually move into academic roles.
Dual Degree Advantage: Students who opt for the dual degree with Johns Hopkins SAIS have an added advantage in the job market, gaining a transatlantic perspective on policy and economics which is particularly attractive for international employers.
