MA Digital Media and Creative Industries
The MA Digital Media and Creative Industries at Loughborough University aims t...
MSc Economics
Loughborough
INTAKE: October
Program Overview
Loughborough University’s MSc Economics program offers a comprehensive and rigorous education in economics, preparing students to analyze complex economic issues and solve real-world challenges. This program is designed for individuals who are interested in developing their understanding of economic theory and practice while honing their quantitative skills. The MSc Economics program provides an advanced understanding of economic models, policy analysis, and decision-making. Students are trained in key areas such as microeconomics, macroeconomics, econometrics, and economic policy, all while being encouraged to apply theoretical knowledge to practical economic problems. This program is ideal for those seeking to pursue careers in government, public policy, consulting, banking, international organizations, and more.
Curriculum: The curriculum of the MSc Economics program at Loughborough University is designed to provide a balance between theoretical knowledge and applied economics. The core modules cover key economic areas such as Microeconomic Theory, Macroeconomic Theory, Econometrics, and Quantitative Methods. These modules provide students with a deep understanding of economic principles and analytical techniques. Additionally, students can choose from a range of optional modules that focus on specialized topics, such as International Trade, Development Economics, Environmental Economics, and Public Economics, allowing them to tailor their studies to their interests and career goals. A key feature of the program is the dissertation, which allows students to engage in independent research on a topic of their choice, contributing to their expertise in a specific area of economics.
Research Focus: Loughborough University places a strong emphasis on research-led teaching in its MSc Economics program. The university’s economics faculty is involved in cutting-edge research in areas such as development economics, behavioral economics, public policy, economic modeling, and macroeconomic policy. The program encourages students to explore economic challenges through a research-driven approach, equipping them with the skills to critically assess economic problems and propose evidence-based solutions. The research focus of the program is designed to foster a deep understanding of how economic theories and policies impact society and the global economy. Students are also encouraged to engage with the university’s research centers and initiatives, gaining exposure to current debates and developments in the field of economics.
Industry Engagement: One of the standout features of Loughborough University’s MSc Economics program is its strong emphasis on industry engagement. Students are provided with numerous opportunities to connect with industry professionals and organizations through networking events, guest lectures, and internships. The program works closely with key economic institutions, including government bodies, economic consultancies, international organizations, and financial institutions, to ensure that students gain valuable exposure to the practical application of economics in real-world settings. The university’s connections with industry leaders allow students to engage in hands-on learning experiences and develop the skills necessary to thrive in the competitive field of economics. Additionally, students have the chance to work on real-world case studies, participate in policy debates, and collaborate on projects that align with the needs of businesses and public organizations.
Global Perspective: The MSc Economics program at Loughborough University takes a global perspective on economic issues, recognizing the interconnectedness of economies around the world. Students explore global economic challenges such as international trade, globalization, financial markets, and economic development. The program emphasizes the need to understand economic issues in a global context and the importance of international cooperation in solving global economic problems. The university’s international partnerships provide students with a diverse and inclusive learning environment, and the opportunity to engage in discussions on how different economies function and interact in the global marketplace. Graduates of the program are equipped with the skills and knowledge to work in global economic settings, tackling challenges that require a broad understanding of international economic policies and practices.
Location
Loughborough
Score
IELTS 6.5
Tuition Fee
£ 24500
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 75% 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 92.
- PTE Academic: A minimum overall score of 67.
- DET Academic: A minimum overall score of 120.
- Some postgraduate programs may have specific subject prerequisites or additional requirements.
Loughborough University offers a range of scholarships for international students to support their education and make studying in the UK more affordable. These scholarships recognize academic excellence, financial need, and the potential for students to contribute to the university community.
International Excellence Awards: These are merit-based scholarships offered to international students applying for undergraduate and postgraduate programs. These awards typically cover part of the tuition fees and are designed to attract outstanding students from around the globe.
Global Scholarships: Loughborough offers various global scholarships based on geographical location, supporting students from specific regions or countries with reduced tuition fees.
Postgraduate Taught Scholarships: These are available for international students applying for postgraduate taught programs at Loughborough University. Scholarships typically range from £2,000 to £4,000, depending on the student’s academic qualifications and the program they are enrolled in.
Loughborough University International Research Scholarships: For international students who wish to pursue a research-based postgraduate program, Loughborough offers research scholarships that cover full tuition fees, along with an annual stipend to assist with living costs.
Loughborough University Elite Sports Scholarships: These are available for students who are competing at an elite level in their sport. The scholarship includes financial support, as well as access to the university's world-class sports facilities, coaching, and training programs.
Country-Specific Scholarships: Loughborough University offers country-specific scholarships for students from particular countries. These scholarships are designed to support students who demonstrate high academic potential and a commitment to contributing to their home country upon graduation.
Loughborough University’s MSc Economics program provides a comprehensive and advanced understanding of economic theory, policy, and quantitative techniques, preparing graduates for diverse career opportunities in various sectors. The program focuses on developing critical thinking and analytical skills, which are essential for tackling complex economic problems. Graduates of the MSc Economics program are equipped with the tools needed to succeed in the fields of government, finance, consulting, international organizations, and more. Below are some of the top career options for MSc Economics graduates from Loughborough University.
Economic Consultant: Economic consultants are professionals who provide expert analysis and advice to businesses, governments, and other organizations on economic issues. Graduates of the MSc Economics program can pursue a career in economic consulting, where they analyze market trends, evaluate public policies, and conduct economic forecasting. These consultants work on projects such as assessing the economic impact of legislation, advising on market competition, and conducting cost-benefit analyses for government projects. Graduates can work with firms such as McKinsey & Company, Deloitte, or boutique economic consultancy agencies.
Policy Analyst: As policy analysts, graduates work with governmental bodies, non-governmental organizations (NGOs), or think tanks to evaluate and develop policies that address a wide range of societal issues, such as healthcare, education, environmental sustainability, and economic development. MSc Economics graduates are trained to assess the economic impacts of different policy options, using quantitative techniques and economic models to provide evidence-based recommendations. Policy analysts play a crucial role in shaping government and organizational strategies, contributing to societal improvements.
Financial Analyst: Graduates of the MSc Economics program can pursue careers in finance, where they evaluate financial data, assess market trends, and develop investment strategies. As financial analysts, they may work in banks, investment firms, hedge funds, or insurance companies, helping clients and organizations make informed financial decisions. They analyze financial statements, economic reports, and market conditions to advise businesses on investment opportunities, risk management, and strategic planning.
Economist (Public or Private Sector): Graduates with an MSc in Economics have the option to work as economists in both the public and private sectors. In the public sector, economists may work for government agencies, central banks, or international organizations such as the World Bank or United Nations, analyzing macroeconomic trends, contributing to national economic planning, or shaping public policies. In the private sector, economists work for corporations, consultancies, or financial institutions, providing economic insights that help businesses make strategic decisions.
Data Scientist/Analyst: With the emphasis on quantitative skills in the MSc Economics program, graduates can pursue careers as data scientists or data analysts. These professionals analyze large datasets to extract meaningful insights that inform business strategies, government policies, and public initiatives. In sectors such as finance, technology, healthcare, and consulting, data scientists use economic models, statistical techniques, and machine learning algorithms to analyze patterns, make predictions, and support decision-making processes.
Market Research Analyst: Market research analysts collect and interpret data about consumer behavior, market conditions, and competition to help businesses make informed decisions about product development, marketing strategies, and market entry. Graduates of the MSc Economics program can leverage their expertise in economic theory and quantitative methods to conduct market research and provide actionable insights for companies in industries such as retail, technology, pharmaceuticals, and media.
Investment Banker: Investment bankers help companies, institutions, and governments raise capital by issuing stocks and bonds, as well as providing advisory services for mergers and acquisitions. MSc Economics graduates, with their strong background in financial markets, economic modeling, and quantitative analysis, are well-equipped for careers in investment banking. They play a key role in structuring financial transactions, advising clients on financial strategies, and assessing market risks.
Risk Manager/Analyst: As risk managers or risk analysts, graduates of the MSc Economics program assess potential risks faced by organizations in areas such as finance, insurance, and corporate operations. These professionals use economic models, data analysis, and risk management strategies to identify and mitigate risks related to financial markets, credit, operational activities, and other business functions. Risk analysts typically work in banks, insurance companies, or corporations and contribute to developing strategies that reduce potential losses.
Academic or Researcher: For graduates who wish to continue their academic journey, becoming an academic economist or researcher is a viable option. They can pursue further study through a Ph.D. in economics, eventually becoming university professors or researchers at think tanks and research institutes. In this role, they conduct research, publish papers, and contribute to the academic understanding of economic phenomena. Researchers in economics are highly sought after in universities, policy organizations, and international organizations.
International Development Specialist: Graduates with an interest in international development can work as development specialists, focusing on projects aimed at improving economic conditions in developing countries. These professionals work with international organizations such as the World Bank, UNICEF, or OECD, as well as NGOs and government agencies, to design and implement programs that promote economic growth, poverty reduction, and sustainable development. The focus of this role is on addressing global challenges such as inequality, access to education, and economic opportunity.
Trade Specialist: Trade specialists analyze international trade policies, market conditions, and global supply chains to advise governments, companies, and trade associations on how to improve cross-border trade. MSc Economics graduates are well-equipped for roles in government trade departments, multinational corporations, and trade bodies. They contribute to the development of trade agreements, evaluate the impact of trade policies, and monitor international markets to identify new opportunities for businesses in global trade.
Environmental Economist: With an increasing focus on sustainability, environmental economists analyze the economic aspects of environmental policies and practices. Graduates of the MSc Economics program can pursue careers that involve assessing the economic costs and benefits of environmental regulations, renewable energy investments, and climate change policies. Environmental economists work for government agencies, consultancies, non-governmental organizations, and research institutes, contributing to the development of strategies that balance economic growth with environmental sustainability.
