Economics MSc
4.1 /5
- Public University
Department of Economics
Talk to ExpertEconomics MSc at UCL University Overview
Economics MSc
at UCL University
University College London offers Economics MSc course at PG level. Offered for a duration of 1 year, it is among the top-ranked courses offered by the university. Indian students are required to submit scores of exams such as IELTS, PTE and GRE to be eligible to get selected for the course. Additionally, Indian students also have to provide all the necessary documents as part of the admission process. The University College London tuition fee for Economics MSc is GBP 35,000 for first year. Along with tuition fees, the students are also required to manage livings expenses. The average University College London cost of living for Indian students is GBP 7,352.
Duration | 1 year |
Tuition & Fees | ₹42.52 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
The University College London Economics MSc fees includes first year tuition fee and cost of living for international students. The first-year tuition fee is around GBP 35,000. In addition to tuition costs, international students must manage their living expenses such as housing, food, and other utilities, which contribute to the total cost of living, estimated at GBP 7,352. The University College London cost varies depending on the additional cost.
Refer to the table below for a detailed fee breakup of the University College London Economics MSc.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 42,52,150 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 8,93,194 |
| Transportation | INR 96,949 |
Calculated at the exchange rate of 1 Pound = INR 121.49 | Tuition & expenses were last updated on 18ᵗʰ April 2025Download 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
Conditional Offer
- Yes
- Students may get a conditional offer
Sign-up to view details
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 10.93 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 |
|---|---|
| #10 | |
| #13 | |
| #22 |
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
16 Verified ReviewsStudent Views (Based on Reviews)
- 61% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Multi-dimensional
Friendly
Liberal
Internships3.6
Part time work3.7
Post study jobs3.8
Quality of faculty4.8
Student Life4.7
Value for money4.1
Public transportation4.6
Safety4
Indian Food4.3
Permanent Immigration3.3
A
Anonymous
Management MSc - Batch of 2026
4.1
Scholarship and career coach connections.
Tips: I am a recipient of the India Excellence Scholarship and I would highly recommend that students apply for scholarships and there are certain trips that they should know before coming here. Connection with the career coaches is very important from the start.
Likes (Indian Food): Back in my home country, I heard that there are very less options for vegetarian or vegan people, but that is not the case, even if each restaurant has just one or two vegetarian options, they are always present plus, it is in very much proximity to the campus, so in brakes, you can go and get yourself a bowl or something to eat.
Dislikes (Value for money): If you can apply for a scholarship, it would be better because even if back in India, you feel it's a small amount that you have received a scholarship, or there are different types of scholarships. Here which you can apply for. For example, the director scholarship which gives you a large amount off.
Total Monthly ExpensePound 2025
Prepping time for classes7 hours/Week
Expected Annual SalaryPound
A
Anonymous
Technology Management MSc - Batch of 2027
4
Friendly people and campus.
Tips: My transition has been similar to almost every other international student here which makes one feel more reassured. My first semester here was quite overwhelming but things fell in place soon after. There is plenty of opportunity if you put yourself out there. Sponsorship has become quite rare now so make sure that you're mentally prepared for all possibilities. I feel the tuition fee for all international students is on the higher end especially when you compare it to local students but the scholarships can make a difference. Also the quality of education has matched up and if you secure a job afterwards, it seems justified.
Total Monthly ExpensePound 1550
Prepping time for classes32 hours/Week
Expected Annual SalaryPound 102175
S
Siddhi Sharma
LLM (Master of Laws) - Batch of 2025
4.4
UCL is amazing, in terms of staff, faculty, and crowd.
Tips: Just be open to making memories, don't stress a lot about employment, and keep putting in regular efforts.
Enjoy time at UCL because usually classes are only 3-4 days a week, go out with your friends. UCL has a lot of good and student friendly bars, and a lot of food joints as well.
No cultural difference, UCL is very acceptable, and students from all over the world come to UCL.
Likes (Student Life): UCL is amazing in terms of staff faculty and crowd. It is located in the heart of London which is the main campus. They have various societies and different events happening almost every day. I was a part of the UCL pro bono project and it was really nice. I participated in 2 to 3 dance events as well and everything was beyond good. UCL is good in terms of getting the right exposure a good crowd and making memorable memories.
Dislikes (Internships): The university provides guidance and support to students however current UK market is challenging. Internships are available applications need to be submitted 5-6 months before and the process requires rigorous and continuous effort. Universities provide websites but an independent application is more important.
Total Monthly ExpensePound 3025
Prepping time for classes20 hours/Week
Expected Annual SalaryPound 35850
M
Meghna Banerjee
International Public Policy MSc - Batch of 2025
5
Privileged to be a UCL alumnus.
Tips: I have transitioned. Scholarships are less so you need to work hard. I didn't really experience a cultural shift because I was quite exposed to Western culture and countries since I was a child. I love London and my university; I graduated last month with a Merit overall and a distinction in my dissertation which is also being published, and I work in London now.
Likes (Internships): Whilst I was in college I used to visit libraries, student cafes, we were in Bloomsbury which was the heart of London, so everything was within walking distance. I was the Vice President of the International Public Affairs Society. UCL has 1000s of societies.
Dislikes (Safety): The department is very accessible and accommodating. The word I'd like to use is student friendly. UCL teaching doesn't just give you facts, it makes you learn how to think critically. The teaching faculty is very diverse. It's a global university. There are people from all nationalities.
Total Monthly ExpensePound 2075
Prepping time for classes30 hours/Week
Expected Annual SalaryPound 28000
A
Anonymous
Pharmaceutics MSc - Batch of 2025
4.5
Diverse college campus and lots of learning opportunities.
Tips: Coming to UCL has been a transformative experience both academically and personally. The transition helped me grow significantly as an individual. Being surrounded by so many bright and passionate people naturally pushes you to think more deeply about your subject and to constantly improve yourself. I didn't feel a major culture shift as everyone at UCL was incredible pathetic welcoming and respectuful which makes adapting much easier. I feel extremely satisfied with my university course and country as a whole. At UCL I had the opportunity to learn from and work with some of the best professors, all of whom were exceptionally supportive and helpful throughout my academic journey making the experience even more rewarding.
Dislikes (Part time work): Although there are good opportunities both on and off campus, balancing them with the intensity of a one-year masters course is a bit challenging. UCL provides plenty of on-campus roles, especially for Bachelor's students, such as student ambassador positions and paid roles within the UCL Students' Union. UCL's career website is also very helpful, through which students can apply for part-time jobs and paid internships. Off-campus jobs are usually in retail, hospitality, customer service, and administrative work. Part-time work becomes more manageable during vacation when there is more time to catch up on studies. The average payout for part-time work in London typically ranges from 12-15 pounds per hour, and on-campus roles often pay slightly higher, around 14-17 pounds per hour.
Total Monthly ExpensePound 1600
Prepping time for classes27 hours/Week
Expected Annual SalaryPound 28000
View All 18 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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A tech enthusiast, Kartik has graduated with a Bachelor of Computer Application from the IMS Ghaziabad 2023 batch. Kartik loves to learn about Cybersecurity and Cybercrime. Also, his hobbies are such as traveling, trekking, cooking, and more. Moreove...Read Full Bio
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Economics MSc
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