The MA (Hons) in Financial Economics at the University of St Andrews combines rigorous economic theory with financial analysis to explain how markets, institutions, and economies interact. It suits students interested in finance, economics, and quantitative analysis, with strong preparation for careers in finance, policy, consulting, or postgraduate study.
Curriculum structure
Year 1:
Students build foundations through modules such as Principles of Economics and Economic Perspectives, alongside Mathematics and Statistics for Economists. This year introduces core economic reasoning and the quantitative tools needed for later financial analysis.
Year 2:
Students progress to Intermediate Microeconomics and Intermediate Macroeconomics, supported by Statistics/Econometrics. The focus is on understanding firm behaviour, markets, and the macroeconomy using formal economic models.
Year 3:
Specialisation begins with modules such as Financial Economics, Econometrics, and optional subjects in finance or applied economics. Students learn how financial markets operate and how data is used to analyse risk, returns, and economic performance.
Year 4:
Honours-level study includes advanced options such as Advanced Financial Economics, Advanced Microeconomics, or a Dissertation/Honours Project. This year emphasises independent research, critical evaluation, and advanced quantitative and financial analysis.
Focus areas:
Financial economics; microeconomics; macroeconomics; econometrics; financial markets; quantitative analysis.
Learning outcomes :
Ability to analyse financial and economic problems using theory and data; apply quantitative and econometric methods; understand financial markets and institutions; conduct independent research; communicate complex economic arguments.
Professional alignment (accreditation):
Strong preparation for careers in finance, banking, investment, consulting, government, and policy analysis, as well as postgraduate study in economics or finance.
Reputation (employability rankings):
The University of St Andrews consistently ranks among the top UK universities, with economics and finance graduates achieving strong employability outcomes in finance, policy, and academic pathways.
At the BSc Economics (Honours) programme at University of St Andrews, you’ll develop practical skills by combining lectures with small-group tutorials and hands-on laboratories — teaching is designed to engage you in individual and group projects, data analysis and independent research from early on. As you progress, you’ll take advanced modules in econometrics and computational economics, generating real-world insights and building the kind of skills that employers value. The programme’s structure ensures that you not only explore theory, but also apply it using dedicated support services and resources, so you are prepared for both professional roles and further study.
The practical opportunities and facilities include:
Small-group tutorials and labs deliver the opportunity to work on group projects and live econometric data sets (Year 1-2: tutorials in groups of 15–20; Honours level: labs and tutorials of 10–20 students).
Access to advanced modules such as Computational Economics, Practical Financial Modelling, and Econometrics of Impact Evaluation in Years 3–4, where you deal hands-on with statistical software and apply economic modelling techniques.
Extensive library and IT resources: 90 % of students felt the resources supported their learning well.
Research-led teaching team: You’ll be guided by staff research-active in economics, giving you access to current work, data, and scholarship.
Flexible modular system: In Honours years you may select specialist modules and substitute credits from another subject under advisement — fostering independence and tailored study.
Graduates of the University of St Andrews MA (Hons) Financial Economics achieve outstanding employability with 95% in work or further study 15 months post-graduation, frequently entering high-value finance roles due to rigorous quantitative training in financial markets, econometrics, and decision analysis. The program's focus on model-based methods and analytical skills leads to rapid advancement, with median earnings of £33,500 initially rising to £40,000 after three years. Alumni dominate professional finance positions in London, Edinburgh, and global markets.
Typical job roles: Financial Analyst, Investment Banker, Risk Manager, Economic Consultant.
Careers service: dedicated finance employability workshops, alumni mentoring networks, CV/interview coaching for City firms
Employment stats: 95% employed/studying at 15 months; £33.5k median rising to £40k at 3 years
Partnerships: finance sector internships, London recruitment fairs, study abroad with investment banks
Accreditation value: St Andrews' elite economics reputation (top NSS scores) for lifelong City credentials
Outcomes: 75% highly skilled finance/business roles, strong graduate progression
Further Academic Progression: Graduates can pursue MSc/PhD programs in financial economics or quantitative finance at St Andrews or leading institutions like LSE/Oxford, extending honours thesis research into advanced asset pricing or risk modelling.



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