Master of Science [M.Sc] (Economics)
Field of Study:
$34,048 /Yr
University of Exeter MSc Economics is a one-year, full-time Master of Science at Streatham Campus in Exeter, England, starting in September 2027. Entry requires a quantitative honours degree equivalent to a UK upper second class, approximately 60% to 65% in India, subject to Exeter’s assessment. International tuition totals £27,700 (INR 34.78 Lakhs) for 2027 entry.
The programme combines economic theory, econometrics and research design with a supervised research dissertation, serving economics graduates and quantitatively prepared applicants changing disciplines. Its structure suits applicants seeking analytical policy, economic research or finance roles, although compulsory training leaves only 30 optional credits for specialisation.
- Students can explore public finance, development, behavioural economics or financial topics through the published optional module list.
- The Business School provides dedicated careers support alongside the academic programme.
- A separate double-degree opportunity allows eligible students to explore a second year at an international partner.
Current Admission Status
Applications for the September 2027 intake are Open. International student deadline: not yet published for September 2027.
Exeter announced an application opening of 28 September 2026. Indian applicants seeking Excellence funding should obtain their course offer before the published scholarship round closes on 28 January 2027.
Also Check: University of Exeter MSc Economics Admission
Exeter MSc Economics Fees and Living Costs 2027
International tuition for the standard MSc Economics is £27,700 (INR 34.78 Lakhs) for September 2027 entry. The tuition deposit is credited towards fees, so adding it again would overstate the programme’s cost.
September 2027 international fees: the balance below is calculated before scholarships, after subtracting the deposit from tuition.
| Item | Amount in GBP | INR equivalent |
|---|---|---|
| Total programme tuition | £27,700 | INR 34.78 Lakhs |
| Tuition deposit, included in tuition | £2,500 | INR 3.14 Lakhs |
| Calculated tuition balance after deposit | £25,200 | INR 31.65 Lakhs |
All INR conversions in the article use a conversion rate of GBP 1 = INR 125.576 as of 07 November 2026. Rates fluctuate daily, verify before applying.
Source: University of Exeter MSc Economics and Masters tuition fee deposit pages, 2027 entry.
The deposit has a 14-day cooling-off period, after which refunds depend on the university’s specified exceptions. Because an unpaid deposit also delays visa documentation, applicants using an education loan should align disbursement with their offer’s payment deadline.
The checked pages do not specify an application fee or a September 2027 instalment calendar. Confirm any application charge in the portal and verify the official fee payment schedule before arranging loan disbursement.
Cost of Living in Exeter for Economics Students
Exeter’s published estimate for a single student is £1,300 (INR 1.63 Lakhs) to £2,000 (INR 2.51 Lakhs) monthly for basic living expenses. It is a combined estimate, so the table does not invent separate rent, food or transport allowances.
| Expense | Monthly (GBP) | Monthly (INR) |
|---|---|---|
| Basic living expenses and monthly total | £1,300 to £2,000 | INR 1.63 Lakhs to INR 2.51 Lakhs |
| Annual total, calculated as 12 months | £15,600 to £24,000 annually | INR 19.59 Lakhs to INR 30.14 Lakhs annually |
Source: University of Exeter international student budgeting estimate; annual totals are calculated.
The calculated tuition-plus-living budget is £43,300 (INR 54.37 Lakhs) to £51,700 (INR 64.92 Lakhs), using tuition plus 12 monthly living allowances. This study budget excludes flights, visa charges and the health surcharge; the summer dissertation makes a full-year housing budget relevant.
Read More: UK Living Costs for International Students
Student perspective
A June 2026 International Business reviewer highlighted the cost difference between shared housing and en-suite accommodation. This individual observation supports checking contract length and room type alongside the university budget; see the student reviews.
These comments are anecdotal and do not replace official University of Exeter data.
Key insight: The dissertation extends through summer, so fund 12 months of living expenses rather than treating the taught terms as the whole stay.
Exeter MSc Economics Admission 2027
The MSc Economics accepts applicants with quantitative preparation, including graduates without a previous economics degree. The verified intake is September 2027; Economics is absent from Exeter’s January 2027 course list, despite a generic January application label appearing on the programme page.
Academic requirements for 2027 entry: the Indian percentage below is an approximate planning range because Exeter’s India page does not publish a numerical postgraduate conversion.
| Requirement | Published position and applicant implication |
|---|---|
| Degree threshold | UK 2:1 honours degree in a quantitative discipline, approximately 60% to 65% for Indian applicants; Exeter determines equivalence. |
| Directly relevant subjects | Economics, mathematics, statistics, physical sciences, engineering, computer science or finance. |
| Other academic backgrounds | Strong applicants from subjects with quantitative components may be considered, with evidence of quantitative ability. |
| Mathematical prerequisites | Basic algebra, calculus, probability and statistics. |
| Alternative evidence | Exceptional relevant module performance, significant relevant work experience or professional qualifications may be considered. |
A strong overall percentage cannot replace evidence of calculus and statistics, particularly for applicants entering from management or another less mathematical degree. Use module titles, marks and relevant project methods to demonstrate readiness for econometrics and optimisation rather than relying on the degree title alone.
The published requirements do not specify the GMAT (Graduate Management Admission Test) or GRE (Graduate Record Examination), a minimum employment period or a course interview. These graduate admissions tests have no published course benchmark to support a competitive score target; a current cohort profile and acceptance rate were also not found.
English Language Requirements
Economics uses Exeter’s Profile B1, which accepts several testing routes and specified Indian school-English qualifications. Check component scores as well as the overall result, because a sufficient total does not remove the minimum in each skill.
| English evidence | Current linked Profile B1 requirement |
|---|---|
| IELTS Academic, International English Language Testing System | 6.5 overall and no less than 5.5 in any section. |
| TOEFL, Test of English as a Foreign Language, tests from 21 January 2026 | 4.5 overall and no less than 3.5 in any section. |
| TOEFL, earlier test format | 90 with minimum scores of 20 in speaking and 18 for writing, listening and reading. |
| PTE Academic, Pearson Test of English | 67 with no less than 59 in all communicative skills. |
| Indian Standard XII English | 70% for Indian School Certificate (ISC), Central Board of Secondary Education (CBSE), Maharashtra, Tamil Nadu, Andhra Pradesh, Delhi, Goa, Karnataka and Kerala boards; 60% for West Bengal. |
For tests taken from 21 January 2026, Exeter’s exact TOEFL requirement is “4.5 overall and no less than 3.5 in any section”. This is the university’s published revised-scale policy, so applicants should use the row matching their test date rather than converting the older total themselves.
- Check whether your listed Standard XII board and English result meet the seven-year validity rule before paying for another test.
- Plan test-based evidence within Exeter’s two-year validity period before the programme starts.
- Leave preparation time for a weak component, because the IELTS overall minimum does not compensate for a band below 5.5.
The school-English route is board-specific, rather than a blanket exemption for every degree taught in English. Applicants from an unlisted board should ask Exeter to assess their evidence instead of assuming that a medium-of-instruction letter is sufficient.
Tip for Indian students: Applicants changing disciplines should demonstrate the four mathematical prerequisites explicitly, because Exeter requires quantitative evidence alongside the honours-degree threshold.
Exeter MSc Economics Application 2027
Apply for September 2027 with the scholarship timetable in mind, because Excellence applicants must already hold a course offer. Exeter has announced the application opening but says its final September deadlines will be published later on the official Masters application deadlines page.
September 2027 planning dates: scholarship rounds below are confirmed funding stages, not separate MSc admission rounds.
| Stage | Deadline or timing | Published decision timing |
|---|---|---|
| Excellence Round 1 | 28 January 2027 | 25 February 2027 |
| Excellence Round 2 | 29 April 2027 | 27 May 2027 |
| Excellence Round 3 | 17 June 2027 | 15 July 2027 |
| India scholarship allocation | 31 August 2027 | Automatic for eligible applicants who meet the conditions. |
| Course application acknowledgement | Within two working days of receipt. | Course decision target: within 20 working days of a complete application. |
The 20-working-day decision target makes a last-day course application unsuitable for a scholarship round requiring an existing offer. Submit complete academic evidence sufficiently before your chosen funding deadline, allowing additional time if Exeter requests documents or clarification.
Documents and Offer Acceptance
Exeter asks for a transcript showing subjects and marks, English evidence and at least one suitable reference, subject to programme-specific instructions. Final-year applicants can submit interim transcripts and outstanding-module details, then satisfy the conditions of an offer before enrolment.
- Upload English-language transcripts or certified translations that make your quantitative modules and results easy to identify.
- Arrange an academic reference in the required signed or stamped format, since Exeter does not obtain references on your behalf.
- Explain your proposed economics direction through relevant academic work rather than treating an optional personal statement as a generic motivation letter.
For offers made through 31 January 2027, the published deposit deadline is 1 April 2027. Offers from 1 February to 31 May have a 1 July 2027 deadline, while June offers have four weeks and August offers two weeks.
The offer letter controls the applicant’s deadline, and a scholarship offer can specify a different acceptance timetable. Exeter issues the Confirmation of Acceptance for Studies only after the deposit and applicable offer conditions are satisfied, so unresolved English evidence can delay the visa step.
Scholarship cutoff clarification
The Round 1 page prints the time as “II:59 GMT”, an ambiguous cutoff that the terms do not clarify. Verify it on the official Excellence scholarship page; 11:59 GMT means 17:29 IST, while 23:59 GMT means 05:29 IST on 29 January.
Application tip: Work backwards from the Excellence round you want, allowing Exeter’s published decision period before its offer-holder-only scholarship deadline.
Exeter MSc Economics Scholarships 2027
Eligible self-funded Indian applicants can receive a £10,000 (INR 12.56 Lakhs) tuition reduction through Exeter’s 2027/28 India scholarship. Economics is an eligible department and the MSc is distinct from the excluded research-master’s Economics programme, making the exact degree title important.
2027/28 awards relevant to MSc Economics: alumni and progression awards require previous Exeter study and do not apply simply because an applicant is Indian.
| Award | Published value | INR equivalent | Eligibility and application route |
|---|---|---|---|
| Postgraduate Taught Scholarship for India | £10,000 | INR 12.56 Lakhs | Self-funded Indian passport holders with international fee status; automatic for eligible offers, subject to conditions and enrolment; deadline 31 August 2027. |
| Exeter Excellence Scholarship | £15,000 | INR 18.84 Lakhs | Self-funded international offer holders; separate competitive application; three September-entry rounds listed in Section 4. |
| University of Exeter Alumni Scholarship | 20% of first-year tuition | No fixed cash amount published. | Eligible previous Exeter students, including specified study-abroad and short-course alumni; automatic, with prior study declared; scheme deadline 31 August 2028. |
| Class of 2027 Progression Scholarship | 20% of first-year tuition | No fixed cash amount published. | Eligible Exeter finalists graduating in 2027 and progressing directly to a standalone postgraduate programme; automatic; scheme deadline 31 August 2028. |
The India and Excellence awards cannot be combined, so do not subtract both from the tuition bill. With the India award alone, calculated tuition becomes £17,700 (INR 22.23 Lakhs); with Excellence alone, it becomes £12,700 (INR 15.95 Lakhs).
Excellence provides 150 awards across eligible university programmes, rather than 150 places reserved for Economics. Its selection considers academic merit, ambitions and community contribution, so the published award count does not establish an applicant’s chance of winning.
- For Excellence, obtain your programme offer first and prepare the required statement of no more than 300 words across the two specified prompts.
- For the India award, confirm that your offer records eligibility and complete its academic, deposit and enrolment conditions.
- For alumni or progression funding, declare the qualifying Exeter study and check the applicable non-combination terms before accepting an award.
The 31 August 2028 alumni and progression dates describe those scholarship schemes, rather than permission to delay September 2027 admission. Their first-year discounts also do not fund a separate partner-university year, so double-degree applicants need a distinct second-year budget.
Also Check: University of Exeter Scholarships
Scholarship reality: The India award reduces the tuition exposure substantially, but living costs remain payable and Excellence cannot be stacked on top.
Exeter MSc Economics Salary 2027
No course-cohort salary, offer rate or placement percentage was found on the checked MSc Economics and Business School careers surfaces. Exeter describes career directions and support, so these should inform role preparation rather than serve as measured employment outcomes.
The course identifies economist, policy analyst, financial analyst and data-related roles as possible directions. Its 45-credit research dissertation also supports preparation for further research, while the university presents doctoral study as a subsequent option rather than an automatic progression outcome.
External UK job-market benchmark: the National Careers Service publishes the following economist figures, which are not Exeter graduate salaries or a named graduating cohort.
| Economist career stage | Gross annual salary | INR equivalent |
|---|---|---|
| Starter, external market benchmark | £28,000 | INR 35.16 Lakhs |
| Experienced, external market benchmark | £60,000 | INR 75.35 Lakhs |
Source: National Careers Service economist profile, checked 07 November 2026; external occupational evidence, not programme outcomes.
The official economist career profile distinguishes starter and experienced pay, so its upper figure should not anchor a first-job loan calculation. Take-home pay also depends on tax and personal circumstances; use the government Income Tax estimate service when assessing an actual offer.
Cost, Career Preparation and Return on Investment
The unfunded tuition-plus-living budget of INR 54.37 Lakhs to INR 64.92 Lakhs creates substantial exposure without a published course employment rate. Funding changes that exposure, but it does not supply the missing evidence about the probability or timing of an economist job.
- The India award lowers the calculated study budget to £33,300 (INR 41.82 Lakhs) to £41,700 (INR 52.37 Lakhs), so confirm allocation before reducing borrowing.
- The £28,000 (INR 35.16 Lakhs) external starter benchmark is gross annual pay, so assess a prospective offer after tax and ongoing UK living costs.
- The current Graduate visa provides an 18-month work window for applications from 2027, so begin role research during the degree rather than after the dissertation.
- The curriculum reserves 30 credits for options, so select modules and a dissertation question that demonstrate the methods required by your intended analyst roles.
For an India return, the UK occupational benchmark does not establish Indian earnings or the affordability of a rupee-denominated loan. Request salary information for your intended Indian role and use the Exeter dissertation as evidence of research methods when discussing responsibilities with employers.
Exeter names government departments, international organisations and financial firms as potential employer categories, rather than reporting verified hiring volumes from this MSc. Applicants targeting public-sector economist work should check nationality and recruitment requirements for each role before treating that career description as an accessible vacancy.
Student perspective
A November 2025 Finance and Management reviewer described heavy assignments alongside access to curriculum vitae and interview support. This anecdotal account concerns another MSc, but suggests asking Economics staff how to schedule career preparation around assessed work and the summer dissertation.
ROI reality: Funding reduces the amount at risk, but the absence of course employment statistics prevents a defensible salary-based payback forecast for this MSc.
UK Visa for Exeter MSc Economics Students 2027
The MSc Economics requires an appropriate Student visa, with an application fee of £558 (INR 70,071) under rules checked on 07 November 2026. The student health surcharge is £776 (INR 97,447) per year, with the actual charge determined by visa length. Exeter is outside London, where required maintenance is £1,171 (INR 1.47 Lakhs) monthly for up to nine months, separately from tuition. The calculated maximum maintenance evidence is £10,539 (INR 13.23 Lakhs), which is a visa requirement rather than Exeter’s full-year living estimate.
- The Graduate visa lasts 18 months for applications from 1 January 2027; verify eligibility after successful course completion and before your Student visa expires.
- Skilled Worker sponsorship normally requires £41,700 (INR 52.37 Lakhs) annually or the occupation’s higher going rate; check role eligibility and any applicable reduced-salary exception.
- Indefinite leave to remain normally requires five qualifying years under the Skilled Worker route; check qualifying residence instead of counting the MSc as settlement time.
- This taught MSc generally does not permit new student dependants, although the exception for government-sponsored students on courses exceeding six months remains relevant.
Read More: UK Student Visa Application Requirements
Visa reality: The 18-month Graduate route is time-limited and cannot be extended, so assess sponsorship conditions separately from permission to search for work.
Exeter MSc Economics Ranking 2027
Exeter’s published subject rankings provide Economics discipline context, rather than a standalone ranking of the MSc Economics. Their editions differ from the September 2027 intake, so the table identifies each publication year explicitly.
Published subject evidence: these rankings measure different subject groupings and should not be read as directly comparable positions.
| Ranking and edition | Subject scope | Published global position |
|---|---|---|
| Quacquarelli Symonds (QS) World University Rankings by Subject 2026 | Economics and Econometrics | 201 to 250 |
| Shanghai Global Ranking of Academic Subjects 2025 | Economics | 101 to 150 |
| Times Higher Education World University Rankings by Subject 2026 | Business and Economics, broader subject grouping | 176 to 200 |
The more directly relevant Economics and Econometrics result helps assess disciplinary visibility, while the broader Business and Economics grouping covers additional fields. Neither establishes teaching suitability or employment probability; examine the compulsory methods modules and dissertation model before choosing on rank.
Check Out: University of Exeter Subject Rankings
Honest take: Subject rankings support an assessment of Exeter’s academic context, but the MSc’s limited elective space is a more direct question for applicants seeking specialisation.
Exeter MSc Economics fits quantitatively prepared applicants who want economic analysis supported by supervised research. Its compulsory methods training gives that preparation structure, while the limited optional credits require an early choice about specialisation. The financial tradeoff is substantial living expenditure alongside tuition, even where an Indian applicant qualifies for a fee reduction. For September 2027, secure the course offer in time for the 28 January 2027 Excellence round if competitive funding is part of your decision.
Exeter MSc Economics FAQs
Ques. Can an engineering graduate succeed in Exeter MSc Economics without an economics degree?
Ans. Engineering is among the accepted quantitative backgrounds, and the programme explicitly accommodates applicants retraining in economics. Check your preparation in algebra, calculus, probability and statistics, then use your transcript to demonstrate those foundations before committing to the compulsory economics sequence.
Ques. Should I take IELTS if my Indian school English mark meets Exeter’s threshold?
Ans. First check whether your board appears in Profile B1 and whether the qualification falls within the seven-year validity window. A qualifying result can provide an accepted route, while an unlisted board or expired qualification requires a different assessment or accepted test.
Ques. What budget should an Indian applicant use if Exeter’s India scholarship is confirmed?
Ans. Calculated tuition plus 12 months of living expenses becomes £33,300 (INR 41.82 Lakhs) to £41,700 (INR 52.37 Lakhs) with that award alone. Add visa charges, the health surcharge and flights separately, and avoid adding the deposit again because it is part of tuition.
Ques. Should I wait for Exeter’s final MSc Economics deadline before applying?
Ans. Waiting would leave less time to obtain the offer required for Excellence funding, whose three September-entry rounds already have confirmed dates. Choose the funding round first, then allow Exeter’s published complete-application decision period before its scholarship deadline.
Ques. Is Exeter MSc Economics a reliable route to a UK economist job?
Ans. The curriculum develops relevant analytical methods, but the checked sources do not provide an MSc employment rate that establishes job probability. Combine a dissertation relevant to your intended role with a separate check of employer eligibility and sponsorship requirements within the published Graduate visa work window.
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $34048 (GBP 25600) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Living Expenses | $15960 (GBP 12000) |
| Total Cost | $15960 (GBP 12000) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2023 | $30856 (GBP 23200) |
Important Dates
| Event | Application Date |
|---|---|
| Application Deadline For Fall 2026 Intake | |
Reviews
20 Reviews Found
Likes
- Choice of course and renowned faculty with experience in the field of interest.
- The infrastructure as well as the opportunity available to learn in that place are immense. Complete support is available for anyone who seeks it, be it it terms of research or simply mental support.
Dislikes
- There was not much to dislike about the university but in general international universities should be mindful of the students that are coming to their country and provide support which Exter does brilliantly.
My time at the University of Exeter was one of the best year till date, I learnt so much from my educators, my peers and overall from the new and vibrant environment which was a complete change from my home country.
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