Palash Academy

Business & Finance

MSc Economics Abroad

An MSc in Economics is one of the most versatile qualifications for careers in finance, policy, consulting, and international organisations. Studying abroad — in the UK, USA, or Australia — places you among world-leading economics departments, sharpens your quantitative and analytical skills, and connects you with a global network spanning central banks, governments, and top employers.

Why study Economics abroad?

  • Global Recognition

    Degrees from top UK, USA, and Australian economics departments are respected by employers worldwide — from central banks and international organisations (IMF, World Bank) to investment banks and consultancies.

  • Strong Earning Potential

    Economics graduates are among the most sought-after analytical talent across industries. UK graduates earn £30,000–£60,000+/year; US graduates earn USD $60,000–$120,000+/year; Australian graduates earn AUD $65,000–$105,000+/year.

  • World-Class Research Exposure

    Leading economics departments maintain deep ties with policy institutions, offering research assistantships and internships unavailable elsewhere.

  • Academic Excellence

    Access to leading faculty and research — from Chicago's 'Chicago School' legacy to LSE's policy-focused rigour to Melbourne's applied economic research strength.

  • Post-Study Work & Migration Pathways

    The UK Graduate Route Visa, US OPT, and Australia's post-study work visas make it easier to gain international work experience after graduation.

  • Specialisation Options

    International programmes offer specialisations (Econometrics, Development Economics, Financial Economics, Public Policy, International Trade) often unavailable or less developed in home countries.

Which country is right for you?

FactorUnited KingdomUnited StatesAustralia
Best For1-year MSc, LSE/Oxbridge policy strength, London career startWorld's top research economics brands, strong PhD pipelineClear PR pathway, applied economics focus, balanced lifestyle
Course Duration1 year (most MSc Economics)1–2 years (MA, often PhD-track)1.5–2 years (Master of Economics)
Approximate Fees£22,000 – £34,000/yearUSD $30,000 – $68,000/yearAUD $30,000 – $52,000/year
Post-Study Visa2-year Graduate Route VisaOPT (12 months; up to 36 for STEM-designated programmes)2–4 year Temporary Graduate visa (subclass 485)
English RequirementIELTS 6.5 – 7.0 (most universities)IELTS 6.5 – 7.5 / TOEFL 79 – 110IELTS 6.5 (no band below 6.0)
FactorCanadaGermanyIrelandNew ZealandDubai / UAE
Best ForRigorous 1-year MA, PhD pathway, policy and central-bank linksRigorous, research-oriented economics and strong PhD pathwaysQuantitative one-year master’s and policy-sector accessRigorous economics with Treasury and Reserve Bank accessApplied, policy-oriented economics with a Gulf-region focus
Course DurationAbout 1 year (course-based MA); 2 years (thesis)2 years (4 semesters)1 year1–1.5 years1.5–2 years
Approximate FeesCAD $15,000 – $45,000 total programme fee€0 – €1,500 per semester (public universities)€16,000 – €30,000 total programme feeNZ$32,000 – NZ$52,000 per yearAED 60,000 – AED 100,000 total programme fee
Post-Study VisaPGWP: up to 3 years for Master’s graduates (programme of 8+ months at an eligible institution)18-month job-seeker visa after graduation, then EU Blue Card or work visaStamp 1G graduate permission: up to 2 years for Master’s (Level 9) graduatesPost-study work visa: up to 3 years for Master’s (Level 9) graduatesUniversity-sponsored student visa; graduate job-exploration and Golden Visa routes available to eligible graduates (check current rules)
English RequirementIELTS 6.5–7.0 (programme-specific)IELTS 6.5 / TOEFL 88+; GRE recommendedIELTS 6.5 (min 6.0 in each band)IELTS 6.5 (min 6.0 in each band)IELTS 6.5

United Kingdom

Top universities for Economics

All universities in the United Kingdom

The United Kingdom is home to some of the world's top-ranked economics departments, led by LSE, Oxford, and Cambridge in the QS World University Rankings by Subject 2026. Most UK MSc Economics programmes take just 1 year (full-time), making the UK one of the fastest and most cost-efficient routes to a globally recognised economics qualification.

  1. 1.London School of Economics and Political ScienceLSE · London, EnglandApprox. £28,000 – £34,000 per yearMSc: 1 year (full-time)Details
  2. 2.University of OxfordDepartment of Economics · Oxford, EnglandApprox. £33,000 – £39,000 per yearMSc: 1 year (full-time)Details
  3. 3.University of CambridgeFaculty of Economics · Cambridge, EnglandApprox. £34,000 – £40,000 per yearMPhil: 1 year (full-time)Details
  4. 4.University College LondonUCL Department of Economics · London, EnglandApprox. £30,000 – £35,000 per yearMSc: 1 year (full-time)Details
  5. 5.University of WarwickDepartment of Economics · Coventry, EnglandApprox. £27,000 – £32,000 per yearMSc: 1 year (full-time)Details
  6. 6.University of BristolSchool of Economics · Bristol, EnglandApprox. £26,000 – £31,000 per yearMSc: 1 year (full-time)Details
  7. 7.University of EdinburghSchool of Economics · Edinburgh, ScotlandApprox. £27,000 – £32,000 per yearMSc: 1 year (full-time)Details
  8. 8.University of ManchesterDepartment of Economics · Manchester, EnglandApprox. £26,000 – £31,000 per yearMSc: 1 year (full-time)Details
  9. 9.King's College LondonDepartment of Economics · London, EnglandApprox. £27,000 – £32,000 per yearMSc: 1 year (full-time)Details
  10. 10.University of NottinghamSchool of Economics · Nottingham, EnglandApprox. £24,000 – £29,000 per yearMSc: 1 year (full-time)Details
  11. 11.University of BathDepartment of Economics · Bath, EnglandApprox. £25,000 – £30,000 per yearMSc: 1 year (full-time)Details
  12. 12.Durham UniversityDepartment of Economics · Durham, EnglandApprox. £25,000 – £30,000 per yearMSc: 1 year (full-time)Details
  13. 13.University of ExeterDepartment of Economics · Exeter, EnglandApprox. £24,000 – £29,000 per yearMSc: 1 year (full-time)Details
  14. 14.University of LeedsLeeds University Business School — Economics · Leeds, EnglandApprox. £25,000 – £30,000 per yearMSc: 1 year (full-time)Details
  15. 15.University of BirminghamDepartment of Economics · Birmingham, EnglandApprox. £24,000 – £29,000 per yearMSc: 1 year (full-time)Details
  16. 16.University of GlasgowAdam Smith Business School — Economics · Glasgow, ScotlandApprox. £24,000 – £29,000 per yearMSc: 1 year (full-time)Details
  17. 17.University of YorkDepartment of Economics and Related Studies · York, EnglandApprox. £23,000 – £28,000 per yearMSc: 1 year (full-time)Details
  18. 18.University of SouthamptonDepartment of Economics · Southampton, EnglandApprox. £22,000 – £27,000 per yearMSc: 1 year (full-time)Details
  19. 19.Queen Mary University of LondonSchool of Economics and Finance · London, EnglandApprox. £24,000 – £29,000 per yearMSc: 1 year (full-time)Details
  20. 20.Cardiff UniversityCardiff Business School — Economics · Cardiff, WalesApprox. £22,000 – £27,000 per yearMSc: 1 year (full-time)Details

United States

Top universities for Economics

All universities in the United States

The United States holds the world's #1 ranked economics programme (Harvard) and dominates the global top 5, closely followed by MIT and Stanford. Most US economics Master's programmes are research-oriented and often function as a stepping stone into PhD training, making the US especially attractive for students pursuing an academic or high-level policy research career.

  1. 1.Harvard UniversityDepartment of Economics · Cambridge, MassachusettsApprox. USD $58,000 – $68,000 per yearMA/PhD track: 1 – 2 years (terminal Master's options vary)Details
  2. 2.Massachusetts Institute of TechnologyDepartment of Economics · Cambridge, MassachusettsApprox. USD $58,000 – $68,000 per yearMA/PhD track: 1 – 2 yearsDetails
  3. 3.Stanford UniversityDepartment of Economics · Stanford, CaliforniaApprox. USD $58,000 – $68,000 per yearMA/PhD track: 1 – 2 yearsDetails
  4. 4.University of ChicagoKenneth C. Griffin Department of Economics · Chicago, IllinoisApprox. USD $52,000 – $62,000 per yearMA/PhD track: 1 – 2 yearsDetails
  5. 5.Princeton UniversityDepartment of Economics · Princeton, New JerseyApprox. USD $55,000 – $63,000 per yearMA/PhD track: 1 – 2 yearsDetails
  6. 6.University of California, BerkeleyDepartment of Economics · Berkeley, CaliforniaApprox. USD $45,000 – $55,000 per year for international studentsMA/PhD track: 1 – 2 yearsDetails
  7. 7.Yale UniversityDepartment of Economics · New Haven, ConnecticutApprox. USD $52,000 – $62,000 per yearMA/PhD track: 1 – 2 yearsDetails
  8. 8.Columbia UniversityDepartment of Economics · New York City, New YorkApprox. USD $55,000 – $65,000 per yearMA: 1 – 1.5 years (full-time)Details
  9. 9.University of PennsylvaniaDepartment of Economics · Philadelphia, PennsylvaniaApprox. USD $52,000 – $62,000 per yearMA/PhD track: 1 – 2 yearsDetails
  10. 10.Northwestern UniversityDepartment of Economics · Evanston, IllinoisApprox. USD $52,000 – $62,000 per yearMA/PhD track: 1 – 2 yearsDetails
  11. 11.New York UniversityDepartment of Economics · New York City, New YorkApprox. USD $50,000 – $60,000 per yearMA: 1 – 1.5 years (full-time)Details
  12. 12.Cornell UniversityDepartment of Economics · Ithaca, New YorkApprox. USD $50,000 – $60,000 per yearMA/PhD track: 1 – 2 yearsDetails
  13. 13.Duke UniversityDepartment of Economics · Durham, North CarolinaApprox. USD $48,000 – $58,000 per yearMA/PhD track: 1 – 2 yearsDetails
  14. 14.University of MichiganDepartment of Economics · Ann Arbor, MichiganApprox. USD $42,000 – $52,000 per yearMA/PhD track: 1 – 2 yearsDetails
  15. 15.University of California, Los AngelesDepartment of Economics · Los Angeles, CaliforniaApprox. USD $40,000 – $50,000 per year for international studentsMA/PhD track: 1 – 2 yearsDetails
  16. 16.University of Texas at AustinDepartment of Economics · Austin, TexasApprox. USD $32,000 – $42,000 per year for international studentsMA/PhD track: 1 – 2 yearsDetails
  17. 17.University of Wisconsin–MadisonDepartment of Economics · Madison, WisconsinApprox. USD $30,000 – $40,000 per year for international studentsMA/PhD track: 1 – 2 yearsDetails
  18. 18.Georgetown UniversityDepartment of Economics · Washington, D.C.Approx. USD $45,000 – $55,000 per yearMA: 1 – 2 years (full-time)Details
  19. 19.University of North Carolina at Chapel HillDepartment of Economics · Chapel Hill, North CarolinaApprox. USD $30,000 – $40,000 per year for international studentsMA/PhD track: 1 – 2 yearsDetails
  20. 20.Boston UniversityDepartment of Economics · Boston, MassachusettsApprox. USD $35,000 – $45,000 per year for international studentsMA: 1 – 2 years (full-time)Details

Australia

Top universities for Economics

All universities in Australia

Australia is a strong destination for economics education, with several universities ranked in the global QS Top 60 for Economics & Econometrics. Economists feature on Australia's skilled migration lists, and the Temporary Graduate visa (subclass 485) allows extended post-study work rights, making Australia especially attractive for graduates seeking a pathway to permanent residency.

  1. 1.University of MelbourneFaculty of Business and Economics · Parkville, Melbourne, VictoriaApprox. AUD $46,000 – $52,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  2. 2.Australian National UniversityResearch School of Economics · Acton, Canberra, Australian Capital TerritoryApprox. AUD $44,000 – $50,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  3. 3.University of New South WalesUNSW School of Economics · Kensington, Sydney, New South WalesApprox. AUD $44,000 – $50,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  4. 4.University of SydneySchool of Economics · Camperdown, Sydney, New South WalesApprox. AUD $46,000 – $52,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  5. 5.Monash UniversityMonash Business School — Economics · Clayton (Melbourne), VictoriaApprox. AUD $44,000 – $50,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  6. 6.University of QueenslandSchool of Economics · St Lucia, Brisbane, QueenslandApprox. AUD $42,000 – $48,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  7. 7.University of Western AustraliaUWA Business School — Economics · Crawley, Perth, Western AustraliaApprox. AUD $40,000 – $46,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  8. 8.University of AdelaideAdelaide University — School of Economics and Public Policy · Adelaide, South AustraliaApprox. AUD $38,000 – $44,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  9. 9.Macquarie UniversityDepartment of Economics · Macquarie Park, Sydney, New South WalesApprox. AUD $38,000 – $44,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  10. 10.University of Technology SydneyUTS Economics · Sydney, New South WalesApprox. AUD $36,000 – $42,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  11. 11.Queensland University of TechnologyQUT School of Economics and Finance · Brisbane, QueenslandApprox. AUD $36,000 – $42,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  12. 12.Deakin UniversityDepartment of Economics · Burwood (Melbourne) / Geelong, VictoriaApprox. AUD $32,000 – $38,000 per yearMaster of Economics: 1.5 – 2 years (full-time); part-time optionsDetails
  13. 13.Griffith UniversityDepartment of Accounting, Finance and Economics · Gold Coast / Nathan, QueenslandApprox. AUD $32,000 – $38,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  14. 14.University of WollongongSchool of Accounting, Economics and Finance · Wollongong, New South WalesApprox. AUD $32,000 – $38,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  15. 15.University of NewcastleNewcastle Business School — Economics · Callaghan, Newcastle, New South WalesApprox. AUD $30,000 – $36,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  16. 16.La Trobe UniversityDepartment of Economics, Finance and Marketing · Bundoora (Melbourne) / Bendigo, VictoriaApprox. AUD $30,000 – $36,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  17. 17.RMIT UniversityEconomics, Finance and Marketing · Melbourne CBD, VictoriaApprox. AUD $32,000 – $38,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  18. 18.Curtin UniversitySchool of Accounting, Economics and Finance · Bentley, Perth, Western AustraliaApprox. AUD $32,000 – $38,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  19. 19.Flinders UniversityCollege of Business, Government and Law — Economics · Bedford Park (Adelaide), South AustraliaApprox. AUD $32,000 – $38,000 per yearMaster of Economics: 1.5 – 2 years (full-time)Details
  20. 20.Bond UniversityFaculty of Society and Design — Economics · Gold Coast, QueenslandApprox. AUD $40,000 – $46,000 per yearMaster of Economics: 1 – 1.5 years (accelerated, full-time)Details

Canada

Top universities for Economics

All universities in Canada

Canada’s economics master’s programmes are rigorous, one-year MAs at universities such as Toronto, UBC, McGill, Queen’s and Western, with strong PhD placement and links to the Bank of Canada and federal policy institutions.

  1. 1.University of TorontoDepartment of Economics · Toronto, OntarioApprox. CAD $25,000 – $45,000 total programme feeMA in Economics: about 1 year (full-time)Details
  2. 2.University of British ColumbiaVancouver School of Economics · Vancouver, British ColumbiaApprox. CAD $25,000 – $40,000 total programme feeMA in Economics: about 1 year (full-time)Details
  3. 3.McGill UniversityDepartment of Economics · Montréal, QuébecApprox. CAD $20,000 – $40,000 total programme feeMA in Economics: about 1 year (full-time)Details
  4. 4.Queen’s UniversityDepartment of Economics · Kingston, OntarioApprox. CAD $20,000 – $35,000 total programme feeMA in Economics: about 1 year (full-time)Details
  5. 5.Western UniversityDepartment of Economics · London, OntarioApprox. CAD $20,000 – $35,000 total programme feeMA in Economics: about 1 year (full-time)Details
  6. 6.McMaster UniversityDepartment of Economics · Hamilton, OntarioApprox. CAD $20,000 – $35,000 total programme feeMA in Economics: about 1 year (full-time)Details
  7. 7.University of WaterlooDepartment of Economics · Waterloo, OntarioApprox. CAD $20,000 – $35,000 total programme feeMA in Economics: about 1 year (full-time; co-op available)Details
  8. 8.University of AlbertaDepartment of Economics · Edmonton, AlbertaApprox. CAD $15,000 – $30,000 total programme feeMA in Economics: about 1–2 yearsDetails
  9. 9.Simon Fraser UniversityDepartment of Economics · Burnaby (Greater Vancouver), British ColumbiaApprox. CAD $15,000 – $30,000 total programme feeMA in Economics: about 1 year (full-time)Details
  10. 10.York UniversityDepartment of Economics · Toronto, OntarioApprox. CAD $20,000 – $35,000 total programme feeMA in Economics: about 1 year (full-time)Details
  11. 11.Carleton UniversityDepartment of Economics · Ottawa, OntarioApprox. CAD $15,000 – $30,000 total programme feeMA in Economics: 1–2 years (full-time)Details
  12. 12.University of OttawaDepartment of Economics · Ottawa, OntarioApprox. CAD $15,000 – $30,000 total programme feeMA in Economics: 1–2 years (full-time)Details
  13. 13.University of CalgaryDepartment of Economics · Calgary, AlbertaApprox. CAD $15,000 – $30,000 total programme feeMA in Economics: 1–2 years (full-time)Details
  14. 14.Dalhousie UniversityDepartment of Economics · Halifax, Nova ScotiaApprox. CAD $15,000 – $30,000 total programme feeMA in Economics: 1–2 years (full-time)Details

Germany

Top universities for Economics

All universities in Germany

Germany is a leading destination for economics, with research-intensive English-taught master’s programmes at Bonn (BGSE), Mannheim, LMU, Humboldt and Heidelberg that are highly regarded for PhD placement and central-bank careers.

  1. 1.University of BonnBonn Graduate School of Economics (BGSE) · Bonn, North Rhine-WestphaliaNo tuition fee for international students; semester contribution of roughly €300 per semester including a transport ticketM.Sc. Economics: 2 years (full-time)Details
  2. 2.University of MannheimDepartment of Economics · Mannheim, Baden-WürttembergNon-EU tuition of €1,500 per semester plus a semester fee of roughly €160M.Sc. Economics: 2 years (full-time)Details
  3. 3.Ludwig-Maximilians-Universität München (LMU Munich)Munich Graduate School of Economics · Munich, BavariaNo tuition fee for international students at present; semester fee of roughly €100–€150 per semesterM.Sc. Economics: 2 years (full-time)Details
  4. 4.Humboldt-Universität zu BerlinSchool of Business and Economics · BerlinNo tuition fee for international students; semester contribution of roughly €300 per semester including a transport ticketM.Sc. Economics and Management Science (EMS): 2 years (full-time)Details
  5. 5.Freie Universität BerlinDepartment of Economics · BerlinNo tuition fee for international students; semester contribution of roughly €300 per semester including a transport ticketM.Sc. Economics (with Berlin consortium options): 2 years (full-time)Details
  6. 6.Heidelberg UniversityAlfred-Weber-Institute for Economics · Heidelberg, Baden-WürttembergNon-EU tuition of €1,500 per semester plus a semester fee of roughly €160M.Sc. Economics: 2 years (full-time)Details
  7. 7.University of KonstanzDepartment of Economics · Konstanz, Baden-WürttembergNon-EU tuition of €1,500 per semester plus a semester fee of roughly €160M.Sc. Economics: 2 years (full-time)Details
  8. 8.University of CologneFaculty of Management, Economics and Social Sciences (WiSo) · Cologne, North Rhine-WestphaliaNo tuition fee for international students; semester contribution of roughly €300 per semester including a transport ticketM.Sc. Economics: 2 years (full-time)Details
  9. 9.Goethe University FrankfurtFaculty of Economics and Business · Frankfurt am Main, HesseNo tuition fee for international students; semester contribution of roughly €300–€400 per semester including a transport ticketM.Sc. Economics: 2 years (full-time)Details
  10. 10.Universität HamburgDepartment of Economics · HamburgNo tuition fee for international students; semester contribution of roughly €300 per semester including a transport ticketM.Sc. Economics (English-taught options): 2 years (full-time)Details

Dubai / UAE

Top universities for Economics

All universities in Dubai / UAE

Economics master’s options in the UAE are limited; the American University of Sharjah offers an applied MS in Economics and Policy with a regional focus on the Gulf economy. Check current availability before applying.

  1. 1.American University of Sharjah (AUS)College of Arts and Sciences – Department of Economics · Sharjah, UAEApprox. AED 60,000 – AED 100,000 total programme feeMS in Economics and Policy (MSEP) (check current availability): about 1.5–2 yearsDetails

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