Masters In Economics Ireland for Indian Students

masters-in-economics-in-ireland

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: 

Why Study Masters in Economics Ireland?

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:

  • Academic Excellence: Ireland is one of the most preferred study abroad destinations for the intellectual brilliance of universities. A masters in economics is offered by some of the top universities, Trinity College Dublin & University College Dublin being the formidable choice.
  • Diverse Courses: A range of courses in economics, such as MSc in Economics, MS Quantitative Economics, and MA in Business Economics, is offered by Irish Universities. Therefore, pursuing a master's degree in economics comes with several options.
  • Affordable Fees: The higher education system is uniquely structured and gives opportunities at a reasonable cost compared to other popular European destinations.
  • Scholarships: Irish universities award different scholarships to support students fulfilling their dream of pursuing masters in Ireland.
  • Culture: Ireland is at the heart of Europe's cultural, economic, and technologically leading edge and provides the benefits of English-speaking education.
  • Future Career Options: Ireland's stable and secure economy presents a perfect backdrop for students looking to grow their careers after masters in economics.

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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Best Universities to Study Masters in Economics Ireland

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

Masters In Economics Ireland: Eligibility Criteria

The eligibility criteria for masters in economics in Ireland are stated below:

  • You should have a minimum second-class honours degree in economics as a primary degree or an international equivalent degree in economics. The universities also welcome students having social science, business, or engineering degrees with a large share of final year economics.
  • Your English language proficiency in IELTS should be a minimum of 6.5.

Masters In Economics Ireland: Admission Process

The steps of the admission process are summarised below:

  1. Application Submission: You must first check the eligibility criteria on the university webpage. If you are eligible, submit your application by uploading the necessary documents. Then, the application will be reviewed by the university committee.
  2. Confirmation Letter: After checking the uploaded documents and especially the statement of purpose, the university will send a confirmation letter of your admission to your mail.
  3. Grab Your Seat: Lastly, pay the mentioned fee in the confirmation letter to begin your journey. You can then apply for a scholarship if you need one.

Keep all the hard copies of your documents with you. The university authority may check all the documents upon reaching the university campus. 

Want to know about the Application Process? Click Here  

Masters In Economics Ireland: Required Documents

Documents required for masters in Economics from an Irish university are as follows:

  • Passport
  • Official transcripts
  • A copy of your application confirmation
  • Letter of work experience (if any)
  • Evidence of funds
  • Proposal for research /portfolio/project description (for specific courses)
  • Scorecard for GRE, GMAT, LSAT and MCAT entrance exams
  • Certificate of participation in extracurricular activities
  • Copy of your degree certificates
  • A copy of your birth certificate
  • Curriculum Vitae or resume
  • Statement Of Purpose
  • Two Letters Of Recommendation
  • Valid English language test results

Cost of Studying Masters In Economics Ireland

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

Scholarships for Masters in Economics Ireland

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.

Jobs & Salary After Masters in Economics Ireland

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

Ireland Student Visa process

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:

  • The process of student visa completion takes up to 3 months. So, you can start applying for the student visa three months before your travel to Ireland.
  • Go to the Irish Immigration Service's official website to submit your application.
  • Follow all the instructions and upload the necessary documents. The system will generate the summary sheet of the application containing your transaction number. The transaction number is further required in the future.
  • Pay the student visa fee. You will receive the fee and an appointment confirmation receipt when you pay.
  • Be present on the appointment date and fill out the necessary forms to get your student visa. 
A promising career in economics attracts a lot of students. However, with more and more people entering the industry, stiff competition is bound to be. So, masters in economics in Ireland allows you to stand out in the market by cultivating well-developed research skills and the ability to analyse and manage data effectively.

Well, that was extensive coverage but we have got more information for you at AECC global. AECC is the right place for you to expedite your education endeavours with assistance in all aspects from finding accredited courses, to an ideal destination and a leading institution. The expert counsellors provide guidance and will bring your dreams to life. 

FAQs About Masters In Economics Ireland

Is Ireland good for masters in economics?

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.


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