MSc Economics

Students in the MSc Economics program at St Andrews develop practical skills through rigorous training in econometrics, independent research, and exposure to real-world policy analysis. The School of Economics and Finance offers a research-intensive environment, supported by specialist software, dedicated facilities, and access to one of the UK’s most respected economics faculties.

Here’s how the program brings theory into practice:

• Training in Stata and R, integrated into modules like Econometrics and Advanced Econometrics, for hands-on statistical modelling and data analysis
• Access to the Gateway Building, which houses the School of Economics and Finance, including seminar rooms, computing labs, and collaborative study spaces
• Use of the Main Library, offering extensive digital and print collections in economics, plus access to databases like JSTOR, ScienceDirect, and the Financial Times
• Participation in research seminars and workshops, where students engage with faculty and guest speakers on current economic issues and methodologies
• Supervised Economics Dissertation, allowing students to apply econometric tools and theoretical frameworks to topics such as labour markets, development, or macroeconomic policy
• Affiliation with the Centre for Responsible Banking & Finance (CRBF) and the Institute for Capitalising on Creativity, offering exposure to applied research and potential dissertation themes

Graduates from St Andrews’ MSc Economics are highly sought after for roles in policy analysis, financial services, consultancy, and academic research. Typical career paths include economic analyst, financial consultant, policy advisor, and research economist — with alumni working at institutions such as the Bank of England, OECD, and major investment firms. The program’s rigorous training in theory and econometrics ensures graduates are equipped for both applied and research-intensive roles.

Here’s how St Andrews supports your career journey:

• The Careers Centre offers tailored support for postgraduates, including one-to-one guidance, employer events, and access to the Saint Connect alumni mentoring platform
• According to the Graduate Outcomes Survey, 95.2% of St Andrews postgraduates are in work or further study within 15 months of graduation
• The School of Economics and Finance maintains strong links with research centres like the Centre for Responsible Banking & Finance (CRBF) and external partners in policy and finance
• The program’s alignment with professional standards in economic modelling and quantitative analysis ensures long-term career value across sectors
• Graduates have progressed to PhD programs, central banks, international organisations, and top-tier consultancies

Further Academic Progression:
This MSc provides a strong foundation for doctoral study in economics, finance, or public policy. St Andrews offers PhD opportunities through its School of Economics and Finance, and graduates are well-prepared for funded research programs across the UK and internationally.