Master (Economics)
STEM Course
2 years
Full Time
On Campus
Field of Study:
Ranked #34 out of 1502 by THE Global Ranking 2023
₹25.3 L/Yr
A$46,752 /Yr
1 Students Applied
- Master of Economics at the University of Melbourne is offered as a 2-years program.
- This program is ranked #1 in Economics and Econometrics in Australia.
- It is an on-campus program offered on a full-time basis only.
- The Master of Economics is designed for students with prior training in economics or a similar discipline with a strong analytical/mathematical component, who wish to acquire the advanced skills needed to practice as a professional economist in the public or private sectors.
- Graduates of the Master of Economics will have detailed knowledge of the most recent research in the disciplines of economics and econometrics and will have developed the skills needed to make their own contributions to that research.
- Graduates will leave as critical thinkers in microeconomics, macroeconomics, and econometrics.
- The MEcon program consists of 200 credits.
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Important Dates
| Event | Application Date |
|---|---|
| Application Deadline For 2024 Intake | |
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | ₹2533023 (AUD 46752) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Housing and Board | ₹1294360 (AUD 23890) |
| Total Cost | ₹1294360 (AUD 23890) |
Eligibility & Entry Requirement
Academic Eligibility:
- Students must have a 4-year undergraduate degree in economics, including calculus-based economics subjects and an econometrics subject or mathematical/analytical nature including calculus, linear algebra, and statistics subjects or equivalent from a recognized institution.
- A weighted average mark of at least H2A (75% – 3.3/4.0 or C+ average) from accredited institutions is required for unconditional admission.
Indian Student Eligibility:
- Students must complete a 4-year undergraduate degree with first class in a relevant field from a recognized institution
- Or, students completed a master's degree with first-class in a relevant field from a recognized institution.
Along with the minimum eligibility requirements, international students hailing from non-English speaking countries need to prove English proficiency through IELTS/TOEFL/any equivalent test to get admission to this program.
Scores Required
79 / 120
Avg. Score in
TOEFL
6.5 / 9
Avg. Score in
IELTS
64 / 90
Avg. Score in
PTE
3.3 / 4
Minimum gpa
GPA
Required Document List
The following required documents are:
- Resume/CV: It is the outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
- Two Letter of Recommendation: Letter of recommendation (combination of professional and academic recommenders) which includes information about the student, their connection with the person they are recommending, their qualification, and the specific skills they have.
- Statement of Purpose: This statement must describe your qualifications and the objectives of your intended educational program.
- Personal Statement: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
- Official Transcripts: Applicants who have attended and/or received degrees from institutions outside the US must provide certified copies and certified English translations of transcripts or records of all previous post-secondary education and of all degrees conferred.
- ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.
Similar Programs
| Program | Important Date | Total Fees | Median Exams Score | Action |
|---|---|---|---|---|
| INR 25.3 L/Yr AUD 46,680 /Yr |
|
Career and Placement after Course
Possible career opportunities are:
- Economist
- Data Scientist
- Professor of Economics
- Senior Financial Analyst
- Data Analyst
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Melbourne Asian Development Bank- Japan Scholarship | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeCollege-Specific | |
| MSD International Scholarships 2020 | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeCollege-Specific | |
| Melbourne Graduate Research Scholarships | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeCollege-Specific | |
| Melbourne Research Scholarship | Scholarship per student₹ 36.7 L/Yr$67,744 | Level Of StudyDoctorate | TypeCollege-Specific | |
| Bharat Petroleum Scholarship 2020 | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| Goa Education Trust Scholarships | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based |
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