MSc Economics
London
INTAKE: September
Program Overview
SOAS University of London, a prestigious institution known for its unique focus on global issues and diverse cultural perspectives, offers a comprehensive Master of Science (MSc) in Economics. This program is designed for those seeking to understand the complexities of global economic systems and their social, political, and environmental impacts. The MSc Economics at SOAS is ideal for students interested in pursuing careers in government, international organizations, non-profits, or the private sector. Its interdisciplinary approach ensures that students gain a well-rounded understanding of economics while considering the historical, cultural, and institutional factors that shape economic policies across different regions.
Curriculum: The MSc Economics program at SOAS is built around a strong foundation in economic theory, quantitative analysis, and applied economics. The curriculum is designed to equip students with both technical skills and critical thinking capabilities necessary to analyze real-world economic issues. Core modules include microeconomics, macroeconomics, econometrics, and international economics. Additionally, students have the opportunity to tailor their studies by choosing from a range of optional modules that allow for specialization in areas such as development economics, political economy, and global economic governance. The program’s flexible nature ensures that students can align their studies with their specific interests, whether in theory or applied economics.
Research Focus: SOAS University of London stands out due to its emphasis on research that intersects with global issues. The MSc Economics program encourages students to engage with cutting-edge research and develop a critical understanding of economic policies in various regions, particularly in Asia, Africa, and the Middle East. Research at SOAS focuses on development economics, the economics of emerging markets, global trade, and the intersection of economics with environmental sustainability. The university’s research centers, such as the SOAS Development Studies Centre, play a pivotal role in shaping the academic environment, providing students with access to groundbreaking research and the opportunity to collaborate with renowned academics in the field.
Industry Engagement: SOAS University maintains strong links with various industries, both in the UK and internationally, offering students numerous opportunities for practical engagement. The MSc Economics program leverages these relationships to enhance students’ career prospects. Students are encouraged to participate in internships, workshops, and seminars led by industry experts. Additionally, SOAS’s location in London, a global financial and political hub, provides students with access to a vast network of organizations, including government agencies, financial institutions, think tanks, and international development agencies. This proximity to the heart of global economic policy enables students to gain invaluable real-world insights and apply theoretical knowledge in practical settings.
Global Perspective: The MSc Economics program at SOAS is distinguished by its global perspective, which is woven into every aspect of the curriculum. The university’s unique position as a leading institution for the study of Asia, Africa, and the Middle East provides students with insights into economic systems and policies that extend beyond traditional Western frameworks. This global approach is particularly valuable for students interested in working in international organizations or pursuing careers in global development. The program encourages students to think critically about economic problems from a cross-cultural perspective, emphasizing the importance of understanding local contexts when developing economic solutions. Through international fieldwork opportunities, guest lectures, and a diverse student body, SOAS fosters a truly global academic environment.
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 Economics program at SOAS are well-prepared to pursue diverse career paths in economics, policy analysis, development, and finance.
Economic Policy Analyst: As an economic policy analyst, graduates of the MSc Economics program can work for government agencies, think tanks, international organizations, or private sector companies. Economic policy analysts are responsible for conducting research, analyzing data, and providing recommendations on economic policies related to issues such as economic growth, trade, inflation, and unemployment. They also evaluate the effectiveness of existing policies and suggest improvements based on their findings.
Development Economist: Many graduates choose to work as development economists, addressing the economic challenges faced by developing countries. These professionals focus on areas such as poverty reduction, income inequality, sustainable development, and the design of policies that promote economic stability and growth in low-income regions. Development economists often work for international organizations like the World Bank, UNDP, or NGOs focused on global development issues.
International Trade Specialist: MSc Economics graduates with an interest in global trade can pursue careers as international trade specialists. In this role, they analyze the flow of goods, services, and capital across borders, studying the economic impacts of trade agreements, tariffs, and international market dynamics. These specialists often work for government departments, multinational corporations, or international trade bodies, advising on trade policy and regulations.
Financial Analyst: Graduates with a strong background in econometrics and quantitative analysis may pursue careers as financial analysts. In this role, they assess economic and financial data to provide investment advice, forecast market trends, and assist in decision-making related to corporate finance, stock markets, and financial risk management. Financial analysts are highly sought after by banks, investment firms, consulting agencies, and large corporations.
Consultant in Economics: Economic consultants provide expert advice to businesses, governments, and other organizations regarding economic policy, strategy, and decision-making. They use data analysis and economic models to evaluate market conditions, assess policy impacts, and help organizations optimize their operations. Consultants often work for global consulting firms, government advisory bodies, or as independent contractors.
Economic Researcher: For those interested in academic or policy research, pursuing a career as an economic researcher can be a rewarding path. Economic researchers conduct in-depth studies on specific economic issues, analyzing data and producing reports that contribute to the development of new theories and policy frameworks. Researchers often work in academic institutions, research institutes, or government agencies, and some may choose to continue their education by pursuing a PhD in economics.
Public Affairs and Communications Specialist: Some graduates of the MSc Economics program at SOAS may be interested in working in public affairs or communications. These professionals analyze economic policies and communicate their implications to the public, media, and policymakers. Public affairs specialists often work for government agencies, NGOs, public relations firms, or large corporations, and they may focus on issues such as economic policy, corporate social responsibility, and sustainable development.
Corporate Social Responsibility (CSR) Manager: A growing number of organizations are focusing on corporate social responsibility (CSR) to improve their social and environmental impact. MSc Economics graduates interested in CSR can work in roles that involve developing and implementing strategies for organizations to promote sustainable business practices. CSR managers may work for multinational companies, non-governmental organizations, or social enterprises, designing policies that align with the company's economic goals and societal values.
Risk Analyst or Risk Manager: Risk analysts and risk managers play a critical role in identifying and mitigating economic risks for organizations. Using econometric models and data analysis, they assess risks related to market volatility, currency fluctuations, geopolitical instability, and other factors that may impact a company’s financial stability. These roles are common in financial institutions, insurance companies, and multinational corporations.
Financial Regulatory Analyst: MSc Economics graduates can also work as financial regulatory analysts, where they monitor and assess the impact of financial regulations on markets and institutions. These professionals help to ensure that financial systems remain stable and compliant with national and international regulations. Financial regulatory analysts often work for government bodies, financial institutions, and international regulatory organizations.
