MPhil in Economics

9 Months On Campus Masters Program

University of Cambridge

Program Overview

Cambridge’s MPhil in Economics is a fast-paced, 9-month program designed for students with strong quantitative backgrounds who want to deepen their understanding of economic theory and applied analysis. It’s ideal for those aiming to pursue a PhD or transition into analytical roles in finance, policy, or research.

Curriculum Structure

Single Academic Year (9 months)
The program delivers rigorous training through core modules in Microeconomics, Macroeconomics, and Econometrics, each taught at a level that prepares students for doctoral study. You’ll also choose optional papers such as Public Economics, Development Economics, International Trade, or Finance, depending on your interests. Alongside taught modules, you’ll complete a Research Thesis, supervised by Cambridge faculty, allowing you to explore a specialised topic and demonstrate your readiness for advanced research.

Focus areas: Microeconomics, Macroeconomics, Econometrics, Public Economics, Development Economics, International Trade
Learning outcomes: Advanced theoretical and empirical skills, readiness for PhD-level study or analytical roles in finance, policy, and research
Professional alignment (accreditation): Ideal preparation for Cambridge’s PhD in Economics or research careers in central banks, international organisations, and academia
Reputation (employability rankings): Cambridge ranks 4th globally for graduate employability (QS 2025); the Faculty of Economics is internationally recognised for its research excellence

Experiential Learning (Research, Projects, Internships etc.)

Students in Cambridge’s MPhil in Economics gain practical skills through intensive training in economic theory, econometric modeling, and independent research—all delivered within a highly focused 9-month framework. The program is based in the Faculty of Economics, giving students access to specialised software, research centres, and one-on-one academic mentorship. With a strong emphasis on PhD preparation, experiential learning is embedded in every stage of the course.

Here’s how hands-on learning is built into the experience:

Software & Tools: Students use Stata, Matlab, and LaTeX for econometric analysis, simulations, and academic writing, supported by faculty-led workshops and computing resources.
Research Thesis: The program culminates in a supervised Research Thesis, allowing students to explore a specialised topic and demonstrate readiness for doctoral-level inquiry.
Libraries: Full access to the Marshall Library of Economics, which includes Bloomberg terminals, economic datasets, and extensive digital collections tailored to graduate research.
Faculty Facilities: Teaching and research take place in the Austin Robinson Building, home to the Faculty of Economics, featuring seminar rooms, computing labs, and collaborative study spaces.
Seminars & Workshops: Weekly graduate seminars and research workshops expose students to current work by Cambridge faculty and visiting scholars.
Institute Links: The program connects with the Cambridge-INET Institute and the Centre for Financial Analysis & Policy (CFAP), offering exposure to frontier research and policy engagement.

Progression & Future Opportunities

Graduates of Cambridge’s MPhil in Economics are highly sought after for roles in finance, policy, and research. Many go on to become economic analysts, central bank researchers, policy advisors, or consultants in global institutions. The program’s rigorous training and research focus make it a powerful springboard for both professional and academic advancement.

Here’s how Cambridge supports your future success:

Career Services: The Cambridge University Careers Service offers tailored support for economics postgraduates, including one-on-one career consultations, employer-led workshops, and access to the Handshake platform for global job opportunities.
Employment Stats: While many graduates pursue PhD study, those entering the workforce report strong outcomes—Cambridge postgraduates in economics earn median salaries of £40,000–£50,000 within six months of graduation.
University–Industry Partnerships: The Faculty of Economics collaborates with institutions like the Bank of England, HM Treasury, and the Centre for Financial Analysis & Policy (CFAP), offering exposure to policy-relevant research and recruitment pipelines.
Long-Term Accreditation Value: The MPhil is internationally recognised and respected by employers and academic institutions, often used as a gateway to top-tier PhD programs and research careers.
Graduation Outcomes: Alumni have progressed to roles in central banks, international organisations, economic think tanks, and leading universities.

Further Academic Progression:
The MPhil in Economics is designed to prepare students for Cambridge’s PhD in Economics. It also positions graduates to apply for doctoral programs at other world-leading institutions in economics, finance, or public policy, thanks to its advanced coursework and research thesis component.