Economics MSc
4.1 /5
- Public University
Department of Economics
Talk to ExpertEconomics MSc at UCL University Overview
Economics MSc
at UCL University
Economics MSc at University College London is a popular program among Indian students. For admission to this course, which has 1 year, an Indian student needs to be eligible and submit documents. The documents to be submitted are academic qualifications, standardised text and language test score, resume and others. English language tests accepted by the university such as IELTS, TOEFL, GRE, PTE and Duolingo. The first-year tuition fee for this course at the time of admission is Pound 35,000 (INR 4,525,500). Also, there is regular spending on food, travel, staying, books, supplies and others. The annual cost of living is typically Pound 7,352 (INR 950,614) at University College London.
Duration | 1 year |
Tuition & Fees | ₹45.00 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
Economics MSc
Table of contents
Economics MSc at UCL University Fees
Economics MSc
at UCL University
When planning for the Economics MSc, applicants should consider the financial aspects involved. Every student must pay the first-year tuition fee of Pound 35,000 (INR 4,525,500). Additionally, it is also important to account for living expenses such as accommodation, food, and utility costs. Such expenses may vary according to living styles and other fees added by the University College London. However, accordingly to the official website the average cost of living that international students have to bear is Pound 7,352 (INR 950,614), annually. To know about the complete breakdown of the University College London Economics MSc fee structure and all other cost-element-wise expenditures for an elaborate cost overview, please check the table below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 45,00,499 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 9,45,362 |
| Transportation | INR 1,02,611 |
Calculated at the exchange rate of 1 Pound = INR 128.58568 | Tuition & expenses were last updated on 18ᵗʰ April 2025Economics MSc at UCL University Curriculum
Economics MSc
at UCL University
Candidates interested in the University College London Economics MSc course can easily download the detailed curriculum by clicking the green button below. The disciplines that will be taught during the program, the different electives that students can select from, and other crucial course material are all included in one extensive PDF. It also includes a synopsis of the course structure per semester, which helps potential students see how their academic path will develop over time.
Download exam sample paper
TOEFL
TOEFL
PTE
IELTS
Duolingo
GRE
Economics MSc at UCL University Entry Requirements
Economics MSc
at UCL University
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- 60%
- Read less
- A minimum of an upper second-class Bachelor's degree in Economics with a significant quantitative component from a UK university, or an overseas qualification of an equivalent standard. Applicants with a qualification of an equivalent standard in another quantitative discipline, such as statistics, mathematics, or physics, may also be considered
- The award of any of the following from a recognised institution:
- A Bachelor's degree with a minimum overall CGPA of 7.75/10, 6.25/8.0, 5.75/7.0, 4.25/6.0, 3.3/4.0, or 60% where a GPA scale is not used. The overall mark required is dependent on the subject and the ranking of the institution at which the degree has been taken
- Master's; Medical / Dental degree; MPhil/PhD
- Prerequisites: Math Prerequisites for Part 1: The course requires some familiarity with multivariate calculus, standard mathematical techniques used in formal undergraduate courses and a few more results. Here is a detailed list:
- Limits, Continuity, Differentiability, Integration of univariate functions, compact sets in R^n, intermediate value theorem
- Vector- and Matrix notation. Scalar Products
- Multivariate Calculus: partial derivative, Young’s theorem, Hessian matrix, convex and concave functions, positive and negative (semi-)definite matrices, implicit function theorem, homogeneous functions of any degree
- (Constrained) Optimization: Lagrangian, Kuhn-Tucker Conditons, Envelope Theorem, Weierstrass’ theorem,
- Probability Theory: Expected Value, Jensen’s inequality
- Students should be familiar with basic microeconomics terminology and definitions of: Elasticities, normal and inferior goods, luxuries and necessities. income expansion paths, Engel curves, utility functions, budget sets, indifference curves, isoquants, price-taking behaviour, Cobb-Douglas and CES utility- and production-functions, Edgeworth-Box. It is expected that you are able to derive solutions to utility maximization problems, cost-minimization problems and profit maximization problems
- It is assumed that students have a working knowledge of basic linear algebra (e.g. linear systems of equations, matrix algebra), multivariate calculus (e.g. partial derivatives, multivariate optimization), elementary probability theory (e.g. joint distributions, conditional expectations, variances and correlations), and statistical inference (e.g. consistency, unbiasedness, condence intervals, hypothesis testing)
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GPA
Percentage
CGPA
Out of 4
3 year degree accepted
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Convert your GPA to Percentage
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 4
TOEFL
- No specific cutoff mentioned
PTE
- Marks - 76/90
- with a minimum of 75 in each Communicative Skill
IELTS
- Marks - 7/9
- Minimum of 6.5 in each of the subtests
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
GRE
- No specific cutoff mentioned
- NA
Duolingo
- No specific cutoff mentioned
Other eligibility criteria
- Applicants in the final year of their undergraduate studies must upload to their application a complete list of the courses they are taking in their final year
- The programme is aimed at students with a strong analytical and quantitative background
- Applicants must be comfortable with academically rigorous content, enjoy technical challenges in the discipline, and have an aptitude for applying sophisticated technical tools to topical questions in Economics
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Economics MSc at UCL University Application Process
Economics MSc
at UCL University
Step one
Prepare documents for application
LOR
- Applicants need to submit two references
Step two
Additional documents required
- Academic transcript provided in English
- Proof of English language proficiency
- Copy of passport
- GRE score
- A personal statement is required outlining the motivation for studying the program A personal statement should be no longer than two sides of A4 paper. Following questions needs to be considered when writing a personal statement:
- Why the applicant wants to study Economics at the graduate level
- Why the applicant wants to study Economics at UCL: University wants to see what applicant has found out about how university approaches the study of economics at Master's level at UCL, and what specific skills and aptitudes applicant has that will help him/her succeed on the MSc program
- Where the applicant would like to go professionally with his/her degree
- Details of applicant's skills in mathematics, calculus, probability, and statistics, or linear algebra
- Any skills applicant has with spreadsheets, statistical software, mathematical programming or working with data
Step three
Start your online application
Step four
Application fees for this course
Pound 90 = INR 11.64 Thousand
Mode of payment: Credit card
- Students can pay in three equal installments; the first before or at enrolment, the second by 7 February, and the third by 2 May.
Economics MSc at UCL University Rankings
Economics MSc
at UCL University
University Ranking
| Rank | Rank Publisher |
|---|---|
| #14 | |
| #3 | |
| #10 |
Economics MSc at UCL University Placements
Economics MSc
at UCL University
| Particulars | Statistics (2022) |
|---|---|
| Internship Available | Yes |
University College LondonStudents Ratings & Reviews
4.1/5
22 Verified ReviewsStudent Views (Based on Reviews)
- 64% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Multi-dimensional
Liberal
Friendly
Internships3.6
Part time work3.6
Post study jobs3.8
Quality of faculty4.8
Student Life4.6
Value for money4
Public transportation4.7
Safety4
Indian Food4.3
Permanent Immigration3.3
A
Aryan Singh Virdi
Engineering (Mechanical with Business Finance) MEng - Batch of 2028
4.5
A challenging but rewarding experience in the heart of London
Tips: I had a smooth transition to UCL. Although studying in London is very different from school because of the independence between time and academics now. One of the biggest positives is how international and diverse the university is, so you meet people from a huge number of backgrounds. Overall, I am very satisfied. The workload of my course is very intense, but it provides a very strong technical foundation for your career.
Likes (Student Life): Student life at UCL is one of the best parts of studying here because there is always something happening alongside academics. My normal day involves lectures, studying around campus, and spending time with friends, as well as getting involved in societies and other activities, with regular social events. As Punjab Society president, I will say this was definitely very enjoyable for anyone coming from India.
Dislikes (Part time work): There are part-time job opportunities on and off campus, but those on campus can be highly competitive. At UCL, students can have part-time opportunities as ambassadors, administration, and events staff. In addition to that, as the university is located in Central London, there can be part-time job opportunities in the retail and hospitality industry. The secret is to keep the hours down.
Total Monthly ExpensePound 400
Prepping time for classes30 hours/Week
Expected Annual SalaryPound
A
Aryan Naik
Robotics and Artificial Intelligence Meng - Batch of 2029
4.5
Best in the UK for both best education and that University Life
Tips: I love the multicultural and open-minded thoughts that the whole campus shares regarding everything, and all academics will help you in the best possible ways for your ideas. Very satisfied with the course and university and would recommend this as a path to anyone who wants to experience abroad education.
Likes (Part time work): A lot of opportunities within the university, which are posted on university's website accessible to all students, as well as numerous opportunities in the local market Unless you are interested in regular long-term hardware competitions for which you have to spend countless nights soldering and debugging code. Part-time work is manageable. The avg payout is about £10.50 per hour for both uni and local market jobs.
Dislikes (Permanent Immigration): Not likely in the current political scenario where permanent residency is being lengthened with a 10-year baseline wait. Also, employers here now tend to hire only if you are a citizen or PR holder. Though, if successful in getting a job post-graduation, then PR is obtained in 5 years.
Total Monthly ExpensePound 3000
Prepping time for classes40 hours/Week
Expected Annual SalaryPound 55000
S
Shinjinee Pal
Education and Technology MA - Batch of 2025
4.4
An experience of a lifetime if you're willing to take charge
Tips: If you don't have a scholarship, I would recommend working part-time. It's pretty doable and also a good break from studies. - London is great in terms of public transport. Try to have a basic understanding before going (Oyster card, bus, underground, train, etc.). Otherwise, it may get a bit overwhelming. I would recommend the TFL app.
Likes (Quality of faculty): Faculty gets a high rating because UCL professors are top-tier researchers who are surprisingly accessible during office hours. The level of teaching and depth you get in lectures is incredible. Just keep in mind that UCL relies heavily on self-directed study. Professors expect you to take ownership—they give you the framework and primary literature in class, but going beyond the reading list and digging deeper is entirely up to you.
Dislikes (Permanent Immigration): Permanent immigration gets a low rating because staying in the UK long-term after UCL is a complete minefield. Sure, you get the 2-year Graduate Route visa to work post-graduation, but transitioning from that to a Skilled Worker visa is ridiculously tough. UK salary thresholds keep rising, and a lot of companies flat-out refuse to sponsor international candidates because of the administrative costs. I'd love to settle here if the right sponsored role came along, but as an international student, the immigration policy makes it a constant uphill struggle.
Total Monthly ExpensePound 1500
Prepping time for classes35 hours/Week
Expected Annual SalaryPound
V
Vaishnavi Koolamkunnath
Neuroscience MSc - Batch of 2026
3.6
Navigating Academics, Funding, and Life as an International Student at UCL
Tips: Students should know more about the coursework, as well as the academic hierarchy It's explicitly written on the website; having good knowledge will actually help you in setting faster (with respect to courses and academics). Personally, there was no cultural shock, as London was pretty much different nationalities, including Indians in huge numbers. I got a departmental scholarship, which is academically promising. Other bursaries are more like financially based; your parents' financial status comes into play. I felt this was one of the best choices I have made because of its research quality, multidimensional approach, and quality.
Likes (Student Life): Student life is really good in this university, since I am on the clinical side; we are mostly within the hospital grounds, despite that, student volunteers organize variety of programmes every week, specific meetups and leisure parties A lot of events are organized throughout the academic year; that even includes taking students on field trips, and I am specifically part of the football club, Indian dance society, and reading club.
Dislikes (Part time work): Part-time jobs are quite hard to find, especially given the city situation. As it's London, there's massive crowd pull, and likewise opportunities are very competitive Ideally, part-time jobs are manageable when you have your coursework; once after your thesis it becomes little tricky The average payout here in London is 14 pounds per hour.
Total Monthly ExpensePound 1500
Prepping time for classes18 hours/Week
Expected Annual SalaryPound
A
Anonymous
LLM (Master of Laws) - Batch of 2026
4.3
A great adventure to explore
Tips: The university and country are good, but they have asked for help because, unlike in India, the help is readily available. People are expected to be more independent. In the university the classes are not spoon-feeding like in India. You have to prepare for the classes in order to understand and participate in the classes.
Likes (Indian Food): I gave the local dining scene top marks because King’s Cross and Bloomsbury are stacked with options. You’re definitely not stuck with basic takeout—just a short walk from UCL, there’s Thai street food, Greek gyros, Lebanese wraps, Turkish kebabs, and proper Indian dishes everywhere.
When you need something fast between classes, Canopy Market and King’s Cross station are ideal. Pulling off a filling meal for £10 to £15 in Central London is surprisingly doable. From grab-and-go shawarmas to sit-down treats at Dishoom or a simple biryani, you'll never run out of good spots.
Dislikes (Part time work): Since I was pursuing an LL.M., there were not a lot of part-time work options available for me in the university, nor did I do any part-time jobs. So, I have no information about it. But the internship opportunities at law firms and international firms and organizations were great and always given to us.
Total Monthly ExpensePound 1625
Prepping time for classes12 hours/Week
Expected Annual SalaryPound
View All 25 Reviews
Economics MSc at UCL University Highlights
Economics MSc
at UCL University
- The programme aims to provide all students with a sound and worthwhile education in modern Economics and Econometrics, developing important transferable skills of problem-definition, analysis and self-motivation
- Students will learn the formal tools that are necessary to understand and conduct cutting-edge research in both theoretical and applied economics
- The Economics MSc will equip the professional economist with the powerful tools required to understand the rapidly changing, complex and uncertain modern world economy
Economics MSc at UCL University Scholarships
Economics MSc
at UCL University
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Economics MSc
at UCL University