MSc Economics

Postgraduate Entry Requirements:

• 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 is required, and applicants must provide evidence of their English language skills through an approved language test.
  • IELTS: A minimum overall score of 6.5 with no individual component below 6.0.
  • TOEFL: A minimum overall score of 90, with at least 19 in Listening, 20 in Reading, 22 in Speaking, and 20 in Writing.
  • PTE Academic: A minimum overall score of 70 with no individual score below 65.
• Some postgraduate programs may have specific subject prerequisites or additional requirements.

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

Newcastle University in the UK offers a range of scholarships to international students, providing them with financial support to pursue their studies. These scholarships aim to attract talented and academically outstanding students from around the world.  

1. Vice-Chancellor's International Scholarships: These scholarships are highly competitive and are awarded to exceptional international students who have demonstrated academic excellence. The scholarships cover a partial tuition fee reduction.

2. International Family Discounts: Newcastle University offers a family discount scheme where siblings or married couples who are both studying at the university can receive a tuition fee reduction.

3. GREAT Scholarships: Newcastle University participates in the GREAT Scholarships program, which is a joint initiative by the British Council and UK universities. These scholarships are available for students from specific countries and cover full or partial tuition fees.

4. Chevening Scholarships: Newcastle University is a Chevening Partner, and eligible students can apply for the prestigious Chevening Scholarships, which are funded by the UK government. These scholarships cover tuition fees, living expenses, and other allowances.

5. Country-specific Scholarships: Newcastle University offers a range of scholarships specifically for students from certain countries. These scholarships may be based on academic merit, financial need, or specific criteria defined by the funding organization.

6. Research Scholarships: Newcastle University offers research scholarships for international students undertaking a Ph.D. or research-based master's degree. These scholarships often include a stipend to cover living expenses in addition to tuition fee support.

7. Postgraduate Scholarships: Newcastle University provides various scholarships for international students pursuing postgraduate studies. These scholarships may be discipline-specific or open to students from any field of study.

The MSc Economics program at Newcastle University in the UK offers students a comprehensive understanding of economic theories, analytical techniques, and real-world applications. This rigorous and intellectually stimulating course prepares graduates for a wide range of exciting career opportunities in the field of economics.  

1. Economist: Graduates can work as economists in government agencies, research institutes, financial institutions, and international organizations. They analyze economic data, conduct research on economic trends, and provide insights and recommendations on policy issues such as fiscal policy, monetary policy, and international trade.

2. Economic Consultant: Graduates can pursue careers as economic consultants, providing expert advice to businesses, governments, and non-profit organizations. They analyze economic data, conduct market research, and offer strategic recommendations to clients on various economic issues, including market analysis, cost-benefit analysis, and economic impact assessments.

3. Financial Analyst: Graduates can work as financial analysts, applying their knowledge of economics to analyze financial markets, assess investment opportunities, and provide recommendations on asset allocation and risk management. They work in banks, investment firms, and financial consulting companies, conducting research, building financial models, and offering insights to support investment decisions.

4. Data Analyst: Graduates can pursue careers as data analysts, utilizing their analytical skills and knowledge of economics to analyze large datasets, identify patterns, and provide insights for informed decision-making. They work in various industries, such as finance, marketing, and market research, using data-driven approaches to solve business problems and optimize operations.

5. Policy Analyst: Graduates can work as policy analysts, contributing to the formulation and evaluation of public policies in government agencies, think tanks, and non-profit organizations. They analyze economic data, conduct policy research, and provide evidence-based recommendations to address social and economic challenges, such as poverty, inequality, and environmental sustainability.

6. Researcher: Graduates can pursue careers in academia or research institutions, conducting independent research and contributing to the advancement of economic knowledge. They work as research associates, research assistants, or pursue further studies through a Ph.D. program, focusing on specialized areas of economics and making valuable contributions to the academic community.

7. Market Research Analyst: Graduates can work as market research analysts, using their understanding of economic principles to analyze consumer behavior, assess market trends, and provide insights to support marketing strategies. They work in market research firms or within organizations, helping businesses understand customer preferences, optimize pricing strategies, and develop effective marketing campaigns.

8. Policy Advisor: Graduates can work as policy advisors, providing expert guidance to policymakers and government officials. They analyze economic trends, evaluate policy options, and offer recommendations to address social and economic challenges. Their insights help shape public policy and contribute to the development of effective policy frameworks.

The MSc Economics program at Newcastle University provides students with a solid foundation in economic theory, econometrics, and applied economics. The program's emphasis on analytical skills, critical thinking, and practical applications equips graduates with the knowledge and tools to excel in diverse economic roles. The university's strong connections with industry, guest lectures, and networking opportunities further enhance students' career prospects and prepare them for success in the competitive job market.