MSc Economics
3.9 /5
- Public University
Department of Economics
Talk to ExpertMSc Economics at Lancaster University Overview
MSc Economics
at Lancaster University
MSc Economics offered at Lancaster University is a PG course, which is considered the top-ranked course across the university and the country. Students who want to apply, can take up the course within the duration of 12 months. International students applying at for this course need to submit the necessary documents as per the department and the course. International students need to submit qualification proofs along with test scores of exams including IELTS and PTE. The Lancaster University tuition fee for MSc Economics for the first-year international student is GBP 20,000. In addition to the tuition fees students need to look into other various factors that are necessary to manage their stay during the study at the university, which include the other necessary costs like:
- Accommodation costs
- Hostel fees
- Food
- Books
- Supplies
- Utilities, etc.
Duration | 12 months |
Tuition & Fees | ₹23.21 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
MSc Economics
Table of contents
MSc Economics at Lancaster University Fees
MSc Economics
at Lancaster University
The fee structure for the MSc Economics at the Lancaster University covers the first-year tuition fees along with other additional charges, including the Books and supplies charges; facilities cost and many more offered by the Lancaster University. Other than tuition costs, students need to pay living expenses that cover various factors like rent, food, transportation, utility, and other personal expenses. The average cost of living is GBP 5,488. The total tuition fees for the first year of MSc Economics is GBP 20,000.
Find more details about Lancaster University MSc Economics on the fee breakup, from the table mentioned below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 23,21,000 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 6,36,882 |
| Transportation | INR 42,242 |
Calculated at the exchange rate of 1 Pound = INR 116.05 | Tuition & expenses were last updated on 23ʳᵈ May 2025Download exam sample paper
IELTS
IELTS
PTE
MSc Economics at Lancaster University Entry Requirements
MSc Economics
at Lancaster University
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- 60%
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- Applicants must have 2:1 Hons degree (UK or equivalent) in Economics, or in a related subject, with at least 50% Economics or Economics-related modules
- At least 3 years of Bachelor's degree is required
- At least 60% overall, with at least 55% in each year (year 2 onwards)
Convert your GPA to Percentage
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GPA
Percentage
CGPA
Out of 4
PTE
- Marks - 65/90
- With a minimum of 50 in each component of the test
Sign-up to view details
Convert your GPA to Percentage
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 4
IELTS
- Marks - 7/9
- Read less
- With a minimum of 6.0 in each element of the test
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
Other eligibility criteria
Non-standard applicants may also be considered, please contact the department for information
Contact: Admissions Team: +44 (0) 1524 592032 or email pgadmissions@lancaster.ac.uk
Sign-up to view details
MSc Economics at Lancaster University Application Process
MSc Economics
at Lancaster University
Step one
Prepare documents for application
LOR
- Two References are required
- Ideally, one should be from someone who can comment on the applicant's suitability for academic study
- For example, a tutor who has taught the applicant during his/her previous studies
- Professional reference may be accepted, if the applicant is unable to provide an academic reference
Step two
Additional documents required
- Applicants will need to upload an official copy of their degree transcript to show that they meet or expect to meet the entry requirements
- The transcript needs to include the subjects that they have studied, their marks for these, and confirmation of their degree award
- If the applicant has not completed his/her studies, please provide an interim transcript. If the applicant is studying outside the UK and his/her university’s grading scale is not detailed on the transcript then he/she will also need to provide this
- Applicants need to submit the Personal statement
- Applicants should tell us why you are applying for the course, what you hope to gain from your studies and how it fits in with your future plans. We recommend a maximum of 500 words
- Proof of English language ability
- Submit a copy of the passport
Step three
Start your online application
MSc Economics at Lancaster University Rankings
MSc Economics
at Lancaster University
University Ranking
| Rank | Rank Publisher |
|---|---|
| #10 | |
| #14 | |
| #184 |
MSc Economics at Lancaster University Placements
MSc Economics
at Lancaster University
| Particulars | Statistics (2021) |
|---|---|
| Internship Available | Yes |
Lancaster UniversityStudents Ratings & Reviews
3.9/5
8 Verified ReviewsStudent Views (Based on Reviews)
- 63% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Friendly
Multi-dimensional
Sporty
Internships2.9
Part time work4.1
Post study jobs3.5
Quality of faculty4.4
Student Life4.1
Value for money3.9
Public transportation4.5
Safety4.6
Indian Food3.4
Permanent Immigration3.3
K
Kalpana Sai Lakshmi
MSc Finance - Batch of 2025
Offered by Lancaster University
4.1
A great place to grow and learn.
Tips: Lancaster University is ranked among the top 10 universities in the Complete University Guide 2025. The Lancaster University Management School (LUMS) Accounting and Finance programme is also ranked 7th in the Guardian University Guide 2025. The professors in my course were especially encouraging and always gave me the space to ask and clarify my questions. I am proud to be a scholarship recipient, having received awards from both the university and the management school. Lancaster University is the best choice for those who want to focus on both career development and academic excellence.
Likes (Public transportation): Every 10 minutes, you can catch a bus to the city centre or nearby areas from the university underpass. The buses also serve all on-campus locations, running from the underpass to the Graduate College. Students can get a student term pass to save some money on travel.
Dislikes (Internships): The M.Sc. Finance programme can be quite hectic and demanding, leaving little time for internships. Students are usually fully occupied with coursework, lectures, and tests.
Total Monthly ExpensePound 1500
Prepping time for classes40 hours/Week
Expected Annual SalaryPound 32000
S
Suman Sudha
MSc Advanced Marketing Management - Batch of 2025
Offered by Lancaster University
3.9
It is a beautiful campus with lots of events.
Tips: It's a great campus with a lot of facilities, but just be sure about one thing that this is a place which is a bit deserted, not a proper city like, otherwise everything is good. And if you get a scholarship for your course, that's a big win situation. People are friendly and love to socialise. Feel free to reach out to faculty in case of any doubts. Overall, I am quite satisfied with my experiences.
Total Monthly ExpensePound 250
Prepping time for classes30 hours/Week
Expected Annual SalaryPound 28000
A
Anonymous
MSc Finance - Batch of 2025
Offered by Lancaster University
5
The faculty is excellent, providing support at every stage.
Tips: The Lancaster University Bailrigg Centre is a vibrant campus with a large sports centre and five colleges, some for postgraduate and others for undergraduate students. Be energetic and excited to visit; the fun lasts a long time.
Likes (Quality of faculty): Student life at Lancaster University's Bailrigg Centre is amazing, with numerous cafes on campus. The campus life is very pleasant; students can take walks to breathe fresh air in the mornings and evenings, promoting a healthy lifestyle.
Dislikes (Indian Food): The faculty is excellent, providing support at every stage. They offer personal drop-in sessions to help students concentrate on their studies and achieve good grades. They are also very interested in getting to know their students.
Total Monthly ExpensePound 1175
Prepping time for classes21 hours/Week
Expected Annual SalaryPound 41250
A
Anju Girglani
Accounting and Financial Management MSc - Batch of 2025
Offered by Lancaster University
4.1
Leaving your comfort zone to experience the beautiful journey.
Tips: It is very important to get information about travel routes at the time of first arrival in the UK. A student must know how to take a train from Manchester to Lancaster. Walk for a few minutes from Lancaster railway station to Common Garden Street. Take a bus from Common Garden Street to Lancaster University, only buses numbers 100/1A/41/42. Arrive at the Underpass or Management school bus stop, then it's a walkable distance to their college porters. I got a scholarship of 5000. Lancaster University will automatically apply the scholarship if the grades are eligible. Overall, I am very satisfied with my course and university. It is a very intense course. I learned a lot; however, when it comes to placement, I am neutral.
Likes (Public transportation): Public transportation, like buses and trains, is very accessible here. There's a bus app, Stagecoach, where you can track live buses, bus numbers, timings, and duration. Also, if your bus or train is stuck due to a technical issue, the team takes responsibility to drop passengers to their location by arranging another mode of transportation. In the case of trains, sometimes, due to delays and issues, the ticket price is fully refunded, even after they drop you off.
Dislikes (Permanent Immigration): The UK has quite limited options of getting permanent settlement compared to other countries. It is mandatory required first to get sponsored job then there are chances of applying for Indefinite leave to remain. Yes, if the right career opportunity comes I will surely apply for permanent residence here.
Total Monthly ExpensePound 800
Prepping time for classes40 hours/Week
Expected Annual SalaryPound 50000
A
Aditya Singh
MSc in Cyber Security - Batch of 2025
Offered by Lancaster University
3.7
The current job market is horrible here in the UK.
Tips: I have upskilled myself in my field. Recently, our team won 2 consecutive CTF events in UK Lancashire and Yorkshire CTF events. I was also part of the team. Once you decide to move to any place, you should be ready to embrace cultural changes, sometimes it might be a shock but again it's us who opted for it. There are multiple scholarships, but if you have decent academics, you can avail 10,000 pounds scholarship easily.
Likes (Quality of faculty): I am in the School of Computing Science and Technology Department. The faculty of this department are very knowledgeable and have multiple research papers; some of them are pioneers in their field like CNN, Derpfake and Data Mining. The best part about this university is that they give you ample time to complete your assignments, and you can always reach out to professors with your doubts. The faculty is quite diverse, with teachers from India, Russia, Greece, Britain, Middle Eastern countries and other Southeast Asian countries.
Dislikes (Permanent Immigration): The current job market is horrible here in the UK. Lancaster is a very small place, and no tech jobs are available here. However, there are plenty of jobs available for marketing and core software development, but you need patience and good skills to land a job. The new tax rules and the high cost of living are going to make it very hard for a middle-class income stream to survive in the UK. There are hidden taxes as well like water tax, society tax, council tax which makes it hard to save any penny. Based on my experience, the UK is good for a few years, but I would opt out myself from setting down here.
Total Monthly ExpensePound 850
Prepping time for classes30 hours/Week
Expected Annual SalaryPound 32300
View All 8 Reviews
MSc Economics at Lancaster University Highlights
MSc Economics
at Lancaster University
- Students will develop rigorous training in economic theory and methods, which are extremely marketable. The program is also excellent preparation for a Ph.D
MSc Economics at Lancaster University Scholarships
MSc Economics
at Lancaster University
Scholarship information is not available. You can apply to non-college specific scholarships available for
UK.
View all 39 scholarships
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About the author
Tasneem Hoda is a Content Creator and Writer working for Shiksha.com. Her role includes developing and maintaining web pages for international universities at the Shiksha Study Abroad Portal, ensuring accuracy, completeness, and alignment with instit...Read Full Bio
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MSc Economics at Lancaster University Contact Information
MSc Economics
at Lancaster University
Address
Lancaster University, Bailrigg, Lancaster, LA1 4YW, United Kingdom
Lancaster ( Lancashire)
Phone
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