Economics (MSc)

Our full-time master’s degree in economics prepares students for careers in economics, public policy and business analysis. It is ideal if you have an undergraduate degree in economics, and would like to deepen your knowledge by learning how it can be applied to improve the world we live in.

It is equally suitable for those with an undergraduate degree in other disciplines with a substantial quantitative element, who are aspiring to transition into a career as a professional economist.

The reasons for studying Economics at Loughborough
Professional

• This programme equips graduates with a professional understanding of the tools and applications of contemporary economic analysis. It provides up-to-date training in economic concepts and models, and in the econometric and data modelling tools used in current empirical economic investigation. The programme includes modules in both microeconomics and macroeconomics, as well as modules in research skills, econometrics and data science, along with a selection of optional modules. It examines the practical applications of economics in various policy and decision-making areas such as health and well-being, climate change, inequality, fiscal policy, exchange rates, and the balance of payments.

Tailored

• The structure is flexible, allowing you to tailor your studies to your interests and career aspirations.

There are three pathways: 

• MSc Economics, a broad pathway covering a wide spectrum of topics in economics.
• MSc Economics (Sustainable Development), with a focus on economic growth and development, and the economic analysis of the environment.
• MSc Economics (Data Science), with a focus on the range of tools of empirical research and analysis used for understanding economic and other real-world problems.

You will also have the opportunity to build critical assets for your CV, either by:

• Undertaking independent research on a topic of your choice under the mentorship of our experts;
• Investing time participating in a real ‘consultancy’ project;
• An internship attachment that is contingent on available positions and current HMRC rules.

Relevant

• This programme explores the diverse array of impacts that the economic way of thinking has on our world. The degree emphasises the application of economic tools and methods. You will study how economics contributes to contemporary debates on a broad spectrum of issues, including monetary policy, business and organisational strategies, and social and environmental initiatives – to name but a few examples.

Economics skills for balanced professional success

• Loughborough Business School operates on the ethos of 'Progress with Purpose'. This ethos resonates throughout our programmes, preparing you to tackle major global challenges and transform business practices to enable a sustainable future. As an Economics graduate of Loughborough Business School, you will also feel empowered to appreciate and make significant contributions to communities and economies, aligning your academic pursuits with meaningful societal impact.
• Economics at Loughborough will thus prepare you for a diverse range of careers, extending beyond traditional roles of economists in finance, government, and consultancy sectors. Economists are increasingly sought-after in a wide range of sectors such as technology, healthcare, energy, transport, data analytics, and high-value manufacturing. This shift reflects the versatility and relevance of economic expertise in today's constantly evolving job market.

Why you should study this degree

• Develop the key skills of a professional economist.
• Study at a top 10 UK university renowned for excellence in education.
• Learn from internationally recognised academics and industry experts.
• Tailor your degree to match your personal interest and career aspirations, with a choice of three pathways.
• Participate in a consultancy project to apply your knowledge to real-world challenges, or hone and apply your skills on an in-depth research project.
• Develop professional skills that are highly valued by employers.

Your future career

• You will graduate in a strong position to launch your career as a professional economist, armed with the skills needed to make an impact on organisational, government and financial policy.
• You could go into banking, finance, government, or pursue a career in international organisations, management consultancy or economic consultancy. Some students use this master’s as a step towards further research study.

Graduates of this degree have taken their skills into wide-ranging roles including:

• Economist
• Business Analyst
• Business Systems Analyst
• Credit Analyst
• Insurance Broker
• Motor Risk Pricing Analyst
• Risk Specialist

Some of the employers they are now working with include:

• Alibaba
• AlphaSights
• Energies and Utilities Alliance
• Global Media and Entertainment
• Lumon Pay
• Ministry of Finance, Planning and Economic Development
• Saga plc

(Graduate Outcomes Survey, 2018-2022 graduates, 15 months post-graduation for previous version of this degree 'MSc Economics and Finance')