MSc Economics and Data Science

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 and Data Science program at Newcastle University in the UK combines the principles of economics with advanced data science techniques, providing students with a unique skill set that is highly sought after in today's data-driven world. Graduates of this program are well-equipped to pursue a wide range of rewarding career opportunities that bridge the fields of economics and data science. 

1. Data Analyst: Graduates can work as data analysts, using their skills in data collection, cleaning, analysis, and visualization to derive insights and support decision-making. They analyze large datasets, identify patterns and trends, and provide valuable insights to businesses, government agencies, and research organizations. Data analysts are in demand across various industries, including finance, consulting, marketing, and public policy.

2. Economic Analyst: Graduates can pursue careers as economic analysts, applying their expertise in economics and data science to analyze economic trends, forecast market conditions, and evaluate policy implications. They work in research organizations, government agencies, and financial institutions, providing economic insights and recommendations for informed decision-making.

3. Business Intelligence Specialist: Graduates can work as business intelligence specialists, helping organizations leverage data to drive strategic decisions and optimize business performance. They design and develop data-driven solutions, create dashboards and reports, and provide data-driven insights to enhance operational efficiency and competitiveness.

4. Data Scientist: Graduates can pursue careers as data scientists, utilizing their expertise in data analysis, machine learning, and statistical modeling to solve complex problems and extract valuable insights from data. They work on predictive modeling, customer segmentation, recommendation systems, and other data-intensive projects, contributing to innovation and data-driven decision-making in various industries.

5. Financial Analyst: Graduates can work as financial analysts, combining their knowledge of economics, finance, and data science to analyze financial markets, assess investment opportunities, and provide financial insights to businesses and investors. They work in banks, investment firms, and financial consulting companies, conducting financial research, developing models, and making informed investment recommendations.

6. Policy Analyst: Graduates can pursue careers as policy analysts, using their skills in economics and data science to analyze public policies, evaluate their effectiveness, and provide evidence-based recommendations to government agencies and non-profit organizations. They work on policy research, impact assessments, and cost-benefit analyses, contributing to the formulation and evaluation of policies across various domains.

7. Researcher: Graduates can work as researchers in academia, think tanks, or research institutes, conducting cutting-edge research at the intersection of economics and data science. They contribute to academic literature, collaborate on research projects, and advance knowledge in areas such as econometrics, economic modeling, and data-driven policy analysis.

8. Consultant: Graduates can work as consultants, providing expertise in economics and data science to help organizations solve complex problems, optimize processes, and drive growth. They offer strategic advice, develop data-driven solutions, and support clients in making informed decisions based on economic and data-driven insights.

The MSc Economics and Data Science program at Newcastle University equips graduates with a strong foundation in economics, advanced data analytics techniques, and practical skills in data manipulation and interpretation. The program's emphasis on real-world applications, industry collaboration, and project-based learning prepares students for successful careers in a wide range of industries, where the integration of economics and data science is increasingly valued.