Masters In Economics Ireland for Indian Students

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:

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.

Read More: Masters in Economics in USA

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. 

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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:

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:

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:

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. 

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