M.Sc In Economics - Syllabus, Fees, ROI, Colleges 2025

An MSc in Economics is a postgraduate degree that can be completed in 2 years and consists of 4 semesters. The program is specifically designed for those who want to have a remarkable career in the field as it equips them with the basic to advanced knowledge of economics as a whole.

These postgraduates are well-equipped in economic theory, econometrics, quantitative methods, public policies, etc. The MSc in economics benefits your career in many ways as it helps you gain higher packages, and you can stand out in a crowd while getting chosen by the industries, this will also help you academically while making you eligible for PhD program. 

As the degree is of masters level, many of you are working professionals and must be finding an alternative for the same. There is no need to worry as you can also pursue the program online. This will not affect your schedule and will provide you with all the required flexibility and conveniency.

Pursuing a master’s degree online mode will allow you to have a lot of exposure and enhance your academic performance as well. Therefore, many of the working professionals as well as students involved in other academic activities are now considering pursuing the degree in online mode only. 

What is Economics?

If you're here on this blog, you may have a degree related to economics and want to have more knowledge regarding the subject. Economics is a subject which many of you have heard about in your school days. In simple words, it is a study where you get to learn about money, business, industry, and their workings.

Students of this subject use resources in order to maintain goods and services. The study will have you covered in topics like scarcity, production, distribution, consumption, wealth, and many more.

There are 2 branches available in the study of Microeconomics and Macroeconomics. One can also apply the study of this program in many other disciplines such as law, personal business, health, education, environment, and many more. 

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Eligibility Criteria (On-campus and Online) 

• To be eligible for an on-campus MSc in Economics one must have at least a bachelor’s degree in a relevant field. It is advised to have graduation in economics as a main subject. The minimum mark requirement is 55%, which could vary as per the various categories. A strong foundation in economics and mathematics is advised as it will always help you gain in-depth knowledge of the program. Universities also conduct entrance exams to check the subject proficiency of students. However, each university has its own terms and policies you're advised to look into these carefully for smooth admission. 
• To be eligible for an online MSc in Economics doesn’t require much, a candidate just needs a bachelor’s degree in a relevant field. Getting into an online MSc in economics doesn’t require you to clear an entrance exam, you can directly apply while filling the online form only. You just need to make sure that the university, you’re getting enrolled is verified and UGC approved. 

Admission Process

First, you need to check the eligibility criteria as it will save you time and you'll be prepared for further process. After this quick check, you'll be good to go. Visit the official website and start filling out the form before the given deadline. Submit all the mentioned documents. 

Some universities may require you to include a counseling process after you qualify for the entrance exams. In this process, you'll be getting your respected seats in your dream college. Most of the universities follow a merit-based system. That's why the higher the no. you get the more chances you'll have to get enrolled in top universities.

Is an MSc in Economics Worth it?

A Master in Economics opens a world of new potentials, whether you want to get into government, finance, banking, or consulting. This program provides not just a little more depth about economic concepts, but also a whole different level of career possibilities.

A master's means a slightly higher likelihood of a larger salary compared to those with a will-bachelor's, and such programs furnish students with desires for essential analytical and problem-solving skills desired by employers. What makes this very different about this degree is its practical aspect you learn from the industry leaders and carve the learning experiences that crystalize your knowledge with real-world applications.

Besides, the opportunity for specialization adds choice in the areas of your passion. Finally, the learning, development, and growth one will encounter in the program will shape you not only into an economic specialist but also instill a competent capability to perceive the world tainted with doubt and confusion. 

Online MSc in Economics vs On-campus MSc in Economics

Online MSc in Economics	On-campus Economics
The online MSc Economics programs allow students to work on their studies from wherever, at their own pace, and combine them with other personal commitments. This allows them to fit into their learning a suitable schedule and hence is more preferred by occupied individuals.	On-campus MSc in Economics is quite different from an online environment. There's a set schedule to be followed lectures are conducted in a classic classroom format. You'll be expected to attend face-to-face lectures where you will get to know your professors and classmates and enjoy a buzzing campus experience.
Most online programs allow for self-imposed learning. Watch recorded lectures and study when it is convenient for you to give ample time to manage your studies freely.	Conversely, on-campus programs require you to attend specific classes in person. You are guided by a timetable, which means learning will occur with a teacher and your peers in real-time, offering a structured and interactive experience.
Online programs are, therefore, open systems-one's world's classroom, accessible by denizens of every place and city any part of the globe, only needing an internet connection to join in the study, whether in the heart of a busy metropolis or in an isolated settlement.	On the contrary, a campus program is an exclusive event that occurs in a specific location. Great if you are living nearby or can travel to the campus; it really depends on whoever might come to attend will be limited by people's distance from school.
However, if you have work or family commitments that make attending in-person classes difficult, you may want to consider an online program, which offers the flexibility to study from anywhere, anytime.	If your timetables are neat, and you like regular face time with faculty and your peers, an on-campus program may be right for you.
Investigate how well-respected and accredited the program is before making your final selection. It must be respected so that it assists you in the career path you consider applying for in later years. Online programs allow for networking differently. Choose the situation that puts you in the best position for future career opportunities and those graduate networking opportunities that can feature people you would like to collaborate with.	In addition, consider the networking opportunities. On-campus programs give you the chance to meet people face-to-face.

Syllabus for MSc in Economics

Pursuing a master’s degree is itself an important decision in one's life. Here is the thorough syllabus for the MSc in economics that will give you a clear view of what your course structure will look like. It is crucial for you to have an idea before getting enrolled in any of the programs. 

Syllabus for MSc in Economics (General)
Semester 1	Semester 2
Advanced Microeconomics Quantitative Techniques in Economics  Advanced Econometrics-I  History of Economic Thought Programming with R	Advanced Macroeconomics  Public Economics  Advanced Econometrics-II  Game theory  Advanced Research Methods  Programming with Python
Semester 3	Semester 4
International Trade and Finance  Core Indian Economy Electives Monetary Economics  Behavioral Economics Development Economics  Financial Econometrics  Global Financial Markets  Economics of Banking and Finance  World Economic History  Labour Economics  Introduction to Big Data Analytics  Law and Economics	Dissertation  Political Economy Economics of climate change  Corporate Finance

Why Pursue an MSc in Economics?

Are you someone with a keen interest in economics and wants to have a remarkable in the field, then you must go for an MSc in economics. The program will eventually increase your knowledge as well as your academic degree.

you will get to have a broad range of career opportunities in sectors like finance, banking, insurance, healthcare, politics, and many more. Along with this, you will also be getting analytical skill development through rigorous study of economics as a subject. Nowadays, the demand for these professionals is growing rapidly in various fields. 

MSc in Economics Entrance Exams 2025

In order to understand the program entirely you must be aware of the types of entrance exams, as this will help you in gaining more insight into the program. Entrance exams provide you with the transparency you are required to have for yourself. It gives you confidence if you’re facing any issues with that too. 

MSc Economics Entrance Exams List
CAT (Common Admission Test)	MAT (Management Aptitude Test)
CMAT (Common Management Admission Test)	XAT (Xavier Aptitude Test)
GMAT (Graduate Management Aptitude Test)	GRE (Graduate Record Examination)
SNAP (Symbiosis National Aptitude Test)	CUET (Central Universities Entrance Test)

Top Colleges for MSc in Economics 

In India, it is not impossible to find some of the best colleges for an MSc in Economics as many well-recognized universities offer the program at a very reasonable cost.

Below are some of the top regular colleges for MSc in Economics :

Best on-campus Colleges for MSc in Economics	Fees (INR)	Approvals
TERI School Of Advanced Studies	INR 3.47 lakhs	UGC, AICTE, NAAC
St. Xavier's College (Autonomous) - Kolkata	INR 1.8 lakhs	NAAC, UGC, ISO, College of Excellence
Symbiosis School of Economics	INR 5.10 lakhs	AICTE, UGC
Kristu Jayanti College, Autonomous	INR 1.35 lakhs	UGC, AICTE, NAAC
Indian Institute Of Technology Roorkee	INR 1.38 lakhs	UGC, AICTE, NAAC
Indian Institute Of Technology Delhi (IIT Delhi)	INR 2.43 lakhs	UGC, DRC, IRD
RIMT University	INR 1.40 lakhs	UGC, AICTE, BCI, PCI, NCTE
Adamas University	INR 1.74 lakhs	UGC, AICTE, BCI, NCTE, PCI, DSIR, DBT

For those who are unable to pursue the program in regular mode, online mode is the only and best alternative for them to continue studying. Online mode of MSc in economics is a prime choice among working professionals as it will allow them to manage their schedule which will never be an issue for them in order to maintain work, studies, and personal life.

Here are some of the best colleges for online MSc in Economics:

Best Online Colleges for MSc in Economics	Fees (INR)	Approvals
LPU Online M.Sc in Economics	INR 2 lakhs	NIRF, UGC-DEB, AICTE, THE, NAAC
Symbiosis School of Online and Digital Learning	INR 1.40 lakhs	UGC, AICTE
University of Strathclyde	INR 30 lakhs	CAS, ATAS
Georgia Southern University	INR 8 lakhs per semester	SACSCOC
Stockholm School of Economics	INR 6.97 lakhs	EQUIS

Career Outcomes 

You must be now thinking about what you’ll get or gain after completing a master-level degree. Here are some top career outcomes one can consider while pursuing the program. Let’s start with the job roles and average annual salary. 

Job Roles	Average Annual Salary
Data Analyst	1 to 12 LPA
Economist	5 to 30 LPA
Market Research Analyst	1 to 8 LPA
Financial Analyst	2 to 13 LPA
Financial Planner	2 to 15 LPA
Actuary	7 to 22 LPA
Data Science	3 to 27 LPA
Economics Teacher	1 to 9 LPA
Management Consulting	6 to 42 LPA
Risk Analyst	6 top 9 LPA
Economic Researcher	2 to 12 LPA
Researcher	8 to 22 LPA
Statistician	1 to 17 LPA
Business Analyst	3 to 17 LPA
Accountant	4 to 20 LPA

You must be excited about the industries you could be getting placed in once done with the program. As many of you are already working or have already decided on your desired company, here is the list to add to your list. 

List of Top Companies Offering Placements After MSc in Economics
Accenture	Mastercard
Asda Wal-Mart	Merkle | Argyle
Bank Indonesia	Morgan Stanley
Centrica	National Center for Climate Change Strategy and International Cooperation
Deloitte	Natwest
EY	NielsenIQ
Ford Motor Company	Phoenix Group
Kaizen Reporting	PPD Development
KPMG	SAS
Lloyds Banking Group	SJF Hanse Scientific GmbH

If you’re a travel enthusiast and want to build a career outside your home country then this table will help you the most as you can get placed in one of these countries after the completion of an MSc in Economics. 

Top Countries to Get Placed at
Argentina	USA
Canada	United Kingdom
Colombia	Malaysia
Cyprus	Mexico
France	Nigeria
Germany	China
Greece	Sudan
India	Taiwan
Indonesia	Turkey
Kazakhstan	United Arab Emirates

MSc in Economics Abroad 

You can pursue a Master's degree in Economics to gain a career boost and realize a remarkable skill set. Pursuing an MSc in Economics abroad turns out to be a great choice for you.

You may study in highly regarded universities in the United States, Ireland, or other countries. With this qualification, you will be well suited for a no-limit career, as a financial analyst, investment banker, or policy analyst.

A master's in economics increases options for job advancement and earnings, enhances competitiveness for jobs, and provides great utility within the fields of business and finance in terms of management decision-making.

 Eligibility (on-campus and online)

For an on-campus application for an MSc in Economics overseas, students would typically require a bachelor's degree in economics or a related field, good grades, and a good level of English demonstrated by sitting a test like IELTS or TOEFL test. Some universities also require a GRE test. In addition, most programs would want a personal statement explaining why the applicant would like to pursue an MSc in Economics and what their career goals are. 

Admission requirements for an online MSc in Economics abroad generally include a bachelor's degree in economics or a closely related field issued by an accredited university; additionally, academic records should be stellar to reflect a good GPA. Proof of English proficiency is a basic requirement for many institutions, often asked through a test such as IELTS. Some programs may also ask for a personal statement of interest in your chosen field and letters of recommendation from professors or employers who can speak to your qualifications and potential for success in the program. 

1) MSc Economics in the UK 

An MSc in Economics in the UK is a graduate program that allows you to gain a deeper understanding of economics. A typical MSc course takes at least two years to complete, divided into four terms. In the course, you will study matters such as how markets function, international economies, and data analysis.

You will also learn how to apply these ideas to real-world problems. Most of the course is practical on the job, preparing you for work in business, finance, or government. These are some of the best on-campus colleges for an MSc in economics (UK).

Top Colleges (on-campus)	Fees
Imperial College London	INR 27 LPA
Durham University	INR 38 LPA
University of Kent	INR 27 LPA
University of Leeds	INR 35 LPA
University of Strathclyde	INR 30 LPA
Alliance Manchester Business School	INR 29 LPA
Lancaster University	INR 35 LPA
Loughborough University	INR 31 LPA
University of Warwick	INR 41 LPA
University Of Edinburgh	INR 36 LPA
Aston University	INR 25 LPA
University of Manchester	INR 30 LPA

Let's not forget the online colleges offering MSc in Economics in the UK, where you'll get the best resources in order to pursue the program in online mode. Take a look. 

Top Colleges (online)	Fees
University of Bath	INR 2.7 LPA (each year)
Imperial College Business School	INR 47 Lakhs
Aston University	INR 14 Lakhs
The University of Law	INR 27 LPA (each year)
Robert Gordon University	INR 5 LPA (each year)
Heriot-Watt University	INR 11 Lakhs
University of Strathclyde	INR 34 Lakhs

2) MSc Economics in Ireland 

The MSc in Economics course from Ireland gives a solid basis for a career in economics and related fields. The programs focus on developing key skills such as quantitative analysis, problem-solving ability, and effective communication.

Such skills are highly appreciated in business, finance, and economics. Stone slabs and curtains may not herald the dawn of education, but in Ireland, it will be exhilarating, top universities provide education of high standards in an extremely friendly and supportive environment. Here are some of the top on-campus colleges offering MSc in Ireland. 

Top Colleges (on-campus)	Fees
University College Dublin	INR 14 LPA
University of Limerick	INR 18 LPA
Maynooth University	INR 17 LPA
University College Cork	INR 18 LPA
University of Galway	INR 19 LPA
Dublin Business School	INR 18 LPA
Trinity College Dublin	INR 20 LPA
Dublin City University	INR 11 LPA
Institute of Technology, Carlow	INR 9 LPA

An online MSc economics in Ireland could be the best decision one can make as the universities here provide a lot of flexibility and conveniency in order to provide the best education. Here are a few, take a look. 

Top Colleges (online)	Fees
The Electronic Business School International	INR 21 LPA
University of Limerick	INR 7 LPA
University College Dublin	INR 8 LPA
Trinity College Dublin	INR 20 LPA
University of Galway	INR 19 LPA

3) MSc Economics in Europe 

The MSc Economics in Europe would give you an exceptional chance to get deep insights into advanced economic theory and applicational involvement in real life.

Major universities offer this degree throughout the continent; it allows you to study issues of economics and do focused studies in international finance, development economics, or environmental economics. The program is rigorous and instills in you the background and analytical skills for analyzing the complex economic issues of the world. 

Top Colleges (on-campus)	Fees
HEC Paris Business School	INR 25 LPA
Alliance Manchester Business School	INR 30 LPA
Imperial College Business School	INR 28 LPA
IE Business School	INR 37 Lakhs
ESCP Business School	INR 22 LPA
Warwick Business School	INR 41 Lakhs
EDHEC Business School	INR 14 LPA
University of Bath School of Management	£833 per 10 credits
London Business School	INR 54 LPA

Here are some of the top online colleges that offer an MSc in economics in Europe:

Top Colleges (online)	Fees
UIniversity of Edinburgh	INR 36 Lakhs
University of London	INR 9 Lakhs
Liverpool John Moores University	INR 5 Lakhs