Economics MSc
3.9 /5
- Public University
Department of Economics
Talk to ExpertEconomics MSc at UCL University Overview
Economics MSc
at UCL University
Economics MSc offered at University College London is a PG level course, which is considered the top-ranked course across the university and the country. Students who are willing to apply, can pursue the course within the duration of 1 year.
International students applying at University College London 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, PTE and GRE.
The University College London tuition fees for Economics MSc for the first-year international student is GBP 35,000. 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, covering accommodation costs, hostel fees, food, books, supplies, utilities, etc. The average cost of living at University College London is GBP 7,352.
Duration | 1 year |
Tuition & Fees | ₹41.97 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 content
- Overview
- Fees
- Entry Requirements
- Application Process
- Rankings
- Placements
- Highlights
- Scholarships
Economics MSc at UCL University Fees
Economics MSc
at UCL University
To enrol in the Economics MSc at University College London, students need to cover both tuition fees and living expenses. The fee structure varies depending on whether the student is domestic or international.
For international students, the tuition fee for the first year is GBP 35,000. In addition to this, students should budget for other living expenses, including housing, food, transportation, books, and personal expenses. These costs can differ based on lifestyle and personal choices.
According to the data available, the average Economics MSc cost of living for international students is GBP 7,352. Students can plan their stay accordingly. Since the cost of living varies from student to student, it’s important to plan accordingly. For a detailed breakdown of the University College London Economics MSc fees, refer to the table below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 41,96,850 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 8,81,578 |
| Transportation | INR 95,688 |
Calculated at the exchange rate of 1 Pound = INR 119.91 | Tuition & expenses were last updated on 18ᵗʰ April 2025Download exam sample paper
PTE
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
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CGPA
Out of 4
3 year degree accepted
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Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 4
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
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 10.79 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 | |
| #5 |
Economics MSc at UCL University Placements
Economics MSc
at UCL University
| Particulars | Statistics (2022) |
|---|---|
| Internship Available | Yes |
University College LondonStudents Ratings & Reviews
3.9/5
5 Verified ReviewsStudent Views (Based on Reviews)
- 29% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Multi-dimensional
Stressful
Friendly
Internships3.4
Part time work3.6
Post study jobs3.8
Quality of faculty4.6
Student Life4.2
Value for money4.2
Public transportation4.4
Safety3.4
Indian Food4.2
Permanent Immigration3
A
Anonymous
LLM (Master of Laws) - Batch of 2026
Offered by University College London
4.4
Good for personal growth.
Tips: Know what you want to do. Start applying early on. Get your application right. It’s not that easy to get admission here. Once you come here you’ll be overwhelmed by the sheer vastness of the city and the uni, but do not let it intimidate you. Strive to do your best and aim to work here after graduation, so that it’s all worth it.
Likes (Student Life): From classes to pubs to society activities, it’s all great. You get to explore central London, which has a rustic yet modern feel to it. The east campus is in Canary Wharf, the business district, so that you get the corporate feel. The faculty is one of the best in the world, ranking is good, academically oriented and produces future assets, i.e., the graduates.
Dislikes (Permanent Immigration): Chances are low because of the new and stricter immigration rules. Since the new rules introduced in July 2025 made it more difficult for companies to sponsor visas for jobs, it’s gonna be very hard to secure a permanent role after graduation. But you still have to try.
Total Monthly ExpensePound 1800
Prepping time for classes20 hours/Week
Expected Annual SalaryPound
A
Anonymous
LLM (Master of Laws) - Batch of 2026
Offered by University College London
4.5
An adventurous year in London and UCL.
Tips: UCL is a highly competitive university, and one has to work twice as hard to score well in comparison to an Indian university. Also, there are 3 terms in a year - this means that classes will be held in the first 2 terms, and the last term is for exams/final assessment and research essay. UCL is also strict about the usage of AI or ChatGPT for assignments.
Likes (Quality of faculty): UCL is one of the oldest institutions in the UK, so all the professors are highly educated and accomplished in their fields. In the law faculty, I have seen the Law Commission as a professor; the lawyer of the Queen is also a professor. So, you don't have to worry about the quality of education here as it will be world-class, and the employers recognise this institute and give preference to the UCL students.
Dislikes (Permanent Immigration): I don't know much about the permanent settlement or immigration information in the UK, as I am a current student at UCL and I don't wish to apply for the same, but I hope that whoever wishes to apply for it does not get disappointed about the same. But the facilities here are easy to use, and people are quite friendly, so you can get more information after reaching London.
Total Monthly ExpensePound 3000
Prepping time for classes10 hours/Week
Expected Annual SalaryPound 65100
A
Anonymous
LLM (Master of Laws) - Batch of 2026
Offered by University College London
3.9
My college has been a transformative experience so far, shaping both academic and career growth.
Tips: My transition was particularly from Mumbai to London, so I didn't really have problem adjusting to the fast paced life here. I did get an internal scholarship of 50 percent, your SOP is very critical for that. The university offers multiple modules to choose from. It is ranked as one of the top most universities in the world and it couldn't get better than that.
Likes (Quality of faculty): The faculty is way more approachable and helpful. You can always visit them during office hours or drop an email. The course is content heavy and mostly your understanding of the class depends on how well you have completed the readings that were offered to you prior. Solicitors and barristers from around the world are teaching the course and UCL has a big alumni base.
Dislikes (Safety): The campus is around Central London and not the Gate. There have been instances of theft. The campus security is top notch but they themselves can't do a lot about the outside situation. One has to be careful walking in these areas. Also, avoid travelling alone initially.
Total Monthly ExpensePound 2025
Prepping time for classes25 hours/Week
Expected Annual SalaryPound 40475
A
Anonymous
Management MSc - Batch of 2024
Offered by University College London
2.3
Avoid studying in high ranked universities in places like London
Tips: Avoid coming to the United Kingdom or London, there is a housing and eco-crisis going on currently, opportunities are very limited. Go to places like the Netherlands or Germany instead. There are hardly opportunities for everyone. There is no global exposure also, UK is filled with Indians.
Dislikes (Value for money): Definitely not a value for money, professors arena like the Indians ones, everything needs to be done on our own! Engagement opportunities are minimal, it's just restricted to two floors. Lack of practical exposure and you still get tested based on examinations.
Total Monthly ExpensePound 1700
Prepping time for classes41 hours/Week
Expected Annual SalaryPound 37400
R
Raavi Aggarwal
Economics MSc - Batch of 2017
Offered by University College London
4.3
Excellent master's programme, with a strong quantitative bent.
Tips: The programme is very intense and students spend at least 60-70 hours per week on the programme. It is an excellent programme that will benefit students for many years to come. Obtaining a scholarship can greatly help in managing expenses. Nevertheless, I find such a programme a good investment as it will benefit students in diverse career trajectories throughout their careers.
Total Monthly ExpensePound 1631
Prepping time for classes50 hours/Week
Expected Annual SalaryPound 31738
View All 7 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 Contact Information
Economics MSc
at UCL University