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The modern world is driven by various economic principles. As a subject, it deals with the production, consumption, and transfer of wealth in the market. Therefore, economists work at the forefront of interpreting financial trends and analysing financial data at an advanced level.
Masters in economics are structured to provide a comprehensive understanding of microeconomics, macroeconomics and econometrics. Moreover, Irish universities are renowned throughout the globe for their research and academic excellence in economics. The details you need to study master's in economics in Ireland are stated in the following points:
A master's degree from an Irish university is a popular program for their standard academic system. Therefore, the decision to pursue masters in economics from an Irish university can be life-changing for you. Below are the reasons why you should aim for masters in economics in Ireland:
Furthermore, Ireland's world-class education is emerging post-pandemic with structural changes that will help you achieve your career goals in today's competitive market.
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The growing accessibility of universities and the increasing variety of courses for masters in economics in Ireland opens the door to many opportunities. Here is a list of Irish universities that offer master's degrees in economics:
University Name |
QS Ranking 2022 |
Course Offered |
Tuition Fees/Year |
Trinity College Dublin |
98 |
MSC Economics |
18.4 L |
University College Dublin |
181 |
MS Quantitative Economics |
16.47 L |
University College Cork |
303 |
MA Business Economics |
16.2 L |
National University of Ireland, Galway |
258 |
MS Global Environmental Economics |
12.83 L |
Maynooth University |
801-1000 |
MSc Economics & Financial Risk Analysis |
11.9 L |
Waterford Institute of Technology |
972 |
M.Bus in Economics & Finance |
10.4 L |
University of Limerick |
531-540 |
MSc in Economics & Policy Analysis |
30 L |
The eligibility criteria for masters in economics in Ireland are stated below:
Read More: Masters in Economics in USA
The steps of the admission process are summarised below:
Keep all the hard copies of your documents with you. The university authority may check all the documents upon reaching the university campus.
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Documents required for masters in Economics from an Irish university are as follows:
Studying masters in Ireland incorporates the course fees, accommodation and living expenses, visa costs, etc. The tuition fees for masters in economics range from €8,000 to €24,000 (roughly 6,51,000 INR to 20,00,000 INR). Accommodation and living expenses range between €7,000-€12,000 [5,96,000 INR-10,22,000 INR]. The student visa costs around €60 (INR 5,100). Below is a list of different degree levels and their corresponding tuition fees:
Degree Level |
Tuition Fees (INR) |
MSc Economics |
5,37,987 |
MS Quantitative Economics |
16,59,063 |
MA Business Economics |
16,02,000 |
MS Global Environmental Economics |
5,56,786 |
MSc Economics & Financial Risk Analysis |
1,137,966 |
M.Bus in Economics & Finance |
20,20,000 |
Tuition fees can be challenging to manage for many. So, Irish universities award scholarships to highly qualified candidates to support them. These scholarships are given subject to the applicant being registered as a full-time student of a recognised Irish institution. The following scholarships are available to master's degree students in economics:
Name Of the Scholarship |
Eligibility |
Edgeworth Graduate Student Scholarship |
All international students eligible who are studying masters in economics |
MU Taught Master's Scholarships |
Students must have 2.1 honours degree |
Need-based SUSI Postgraduate Funds |
EU, EEA, UK or Swiss National students are eligible |
IRC Scholarships |
Postgraduate students who have done excellent research in their respective domain are eligible |
Narotam Sekhsaria Scholarship |
Indian graduates of an accredited Indian University |
Hani Zini Scholarship |
Students enrolling in a masters program in any Irish university can apply for the scholarship. |
Check the university website regularly, and do not miss the scholarship application deadline.
Today the scope of economics is so broad in the market that several job opportunities await economics graduates. A master's degree in economics gives extra benefits, opening many demanding and high-paying career options such as insurance, banking, financial service, trades, business management, etc. Let's see some of the career options after masters in economics in Ireland:
Job Role |
Salary In Euro |
School Teacher (Teach students about the various concepts, theories, and principles of Economics and their real-world application) |
€63,100 |
Banking, financial services, and insurance sectors (BFSI) |
€36k - €65k |
Actuary & Data Analysis (Analyses the data and concentrates on measuring and managing risks and adversities that may impact businesses and organisations in the long run.) |
€25k - €43k |
Research & Consultancy (Performs a wide range of responsibilities such as gathering data, forecasting market trends, studying Economic and statistical data) |
€36k - €59k |
Entrepreneurship (Commendable career choice for starting a business). |
€42,866 |
Economist (Focuses on studying the demand and supply of goods and services in an economy by gathering relevant data, researching trends, and analysing them, using qualitative and quantitative economics.) |
€ 70 000 |
Market Research Analyst (Collects, reviews, and analyses vast volumes of data and helps increase a company’s profits by leveraging the data) |
€44,700 |
Credit Analyst (Determines an individual’s or business’s creditworthiness by conducting microeconomic analyses) |
€33,300 |
Statistician (Studies hard facts and numbers to plan the most worthy solutions to solve business problems by collecting, analysing, interpreting, and presenting quantitative data) |
€71,103 |
Financial Analyst (Studies market trends, demographics, and microeconomic factors and contributes in helping a company make smart investment decisions.) |
€24,500 to €80,200 |
Stockbroker (The primary job of a stockbroker is to obtain buy and sell orders and execute them. ) |
€40k - €145k |
After being selected by an Irish University, you must apply for an Ireland student visa. Only after you can pursue your higher education in Ireland. Following is the entire process of applying for an Irish student visa:
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Ireland is one of the most popular study abroad locations for university intellectuals. Some of the best institutions in Ireland offer master's degrees in economics, including Trinity College Dublin and University College Dublin.
A professional degree holder in MA Economics might find attractive employment prospects in both the public and commercial sectors. Banking, financial institutions, and labour markets are just a few of the top career options for graduates.
For entrance, most master's programmes in economics need a bachelor's degree with prior coursework in calculus, statistics, and economics. Applicants are frequently required to submit GRE or GMAT scores, a personal statement, a CV, and letters of recommendation. The specific criteria differ depending on the programme.
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