Economics

Qualification(s) available: MSc

Fees for the 2025-26 academic year
UK: £12,500
International: £25,500
Entry requirements
2:2 (55%)
Full-time
1 year
Part-time
Not available
Location
Loughborough
Start date
October 2025

Embark on the next stage of your learning journey with our full-time master’s degree in Economics. This programme explores the diverse array of impacts that the economic way of thinking has on our world. You will study how economics contributes to contemporary debates on a broad spectrum of issues, including monetary policy, organisational strategies, and social and environmental initiatives – to name but a few examples.

This programme not only provides a foundational understanding of contemporary economics, but also equips you with theory-founded and data-driven approaches to tackling pressing societal challenges. From health and well-being to climate change and inequality, you will learn more about the ever-evolving role of economists in shaping policy and decision-making across diverse sectors. Our MSc will prepare you to make a significant impact in today's interconnected world. You will also have the opportunity to build critical assets for your CV, by undertaking independent research on a topic of your choice or participating in a practical consultancy project.

This MSc in Economics 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 that have a substantial quantitative element, who are aspiring to transition into a career as an economist.

Economics beyond boundaries

Incorporating Loughborough Business School's ethos of Progress with Purpose, our MSc Economics programme is designed not just to impart economic knowledge, but also to inspire our graduates to apply this knowledge for the greater good. This ethos resonates throughout our programme, preparing you to tackle major global challenges and transform business practices to enable a sustainable future. Our modules, focused on real-world application, are tailored to empower you to make significant contributions to communities and economies, aligning your academic pursuits with meaningful societal impact.

Economic skills for professional success

Guided by our team of specialist academics, whose expertise in research and teaching will enrich your learning experience, you will engage with a blend of core and elective modules, gaining insights into economic analysis, policy development and data-driven decision-making. Our programme prepares 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 non-traditional sectors such as technology firms, healthcare organisations, environmental agencies and educational institutions. This shift reflects the versatility and relevance of economic expertise in today's constantly evolving job market.

Why you should choose us

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.
Tapiwa

I’ve developed my employability at Loughborough by attending 'know-how courses' on how to improve your CV or tailor your CV to certain companies, as well as sessions teaching you how to improve your results at assessment centres.

Tapiwa MSc Economics and Finance

What you'll study

The following information is intended as an example only and is typically based on module information for the 2024/25 year of entry. Modules are reviewed on an annual basis and may be subject to future changes. Updated Programme and Module Specifications are made available ahead of each academic year. Please also see Terms and Conditions of Study for more information.

On the MSc Economics degree, you can choose one of three pathways: generalist, sustainable development, or data science.

All pathways

Compulsory modules

Microeconomic Analysis (15 credits)

The aim of this module is to expose students to the microeconomic theory of producer and consumer decision making, and to provide a solid grounding in economic theory and analytical methods employed in subsequent modules.

Macroeconomic Analysis (15 credits)

The aim of this module is to provide students with an understanding of the main models used for macroeconomic policy formulation at the graduate level.

Econometric Analysis (15 credits)

The aim of this module is to provide students with a solid foundation of the econometric techniques and skills that form the basis for the quantitative/econometric modules of their master's course. The module aims to provide students, through lectures and computer lab workshops, with the practical techniques economists often use to handle, analyse and interpret economic data.

Optional modules (choose one)

Economics of Health and Education (15 credits)

The aim of this module is to provide students with an overview of economic analysis in the areas of health and education, using both empirical and theoretical tools. The module highlights the importance of theory-informed and evidence-based decision-making in shaping policies that improve health and education systems. Students will study the economic determinants of health and educational outcomes and critically evaluate the effects of policy interventions in these areas.

International Trade and Global Inequality (15 credits)

This module aims to provide an introduction to economic theory and empirics of international trade, and its impact on global inequality. Students will study contemporary trade theories and related empirical findings to gain insight into the distributional effects of trade policies and the nexus between international trade and disparities in economic outcomes across countries. Understanding these complex relationships is crucial for developing informed economic policies that support both global economic efficiency and equity, aligning with the broader goals of sustainable development.

Generalist pathway

Compulsory modules

Economic Research: From Conception to Communication (15 credits)

The aims of this module are to develop the skills which allow the student to:

  • enhance their oral presentation and communication skills for both academic research and employment;
  • develop spoken and written specialist language to suit the high-level communication requirements and style of project proposals and project reports, for both research and employment;
  • conduct critical constructive synthesis of specialist literature;
  • be prepared for subsequent research training and project modules.

Optional modules – data science options (choose one)

Data Science and Economic Predictions (15 credits)

Studying data science techniques for economic predictions is crucial in today's data-driven world, as it enhances forecasting accuracy and informs economic policy and strategy. The aim of this module is to equip students with the econometric skills necessary to interpret and leverage vast amounts of economic data to make reliable predictions. We will study the logic of predictive data analysis and the most widely used methods in contemporary economic literature.

Data Science and Policy Evaluation (15 credits)

The hallmark of contemporary applied microeconomics is the use of large microdata, which refer to data collected at the level of microeconomic agents, such as individual consumers and households. This module aims to equip students with an understanding of data science and its application to microdata, with an emphasis on econometric methods that are widely used to measure microeconomic agents' preferences and their responses to policy interventions.

Students will learn relevant methods and how to apply them by using data science software to analyse real-world data.

Optional modules – sustainable development options (choose one)

Economic Welfare in Imperfect Markets (15 credits)

This module aims to provide students with a deep understanding of industrial economics principles and their application to sustainable development challenges. By examining concepts such as economic welfare, scarcity of natural resources, and energy market dynamics, the module aims to provide students with the analytical tools and knowledge necessary to address complex economic issues within the framework of sustainable development goals. Through a combination of theoretical exploration, empirical analysis and case studies, students will develop the skills to critically assess the economic implications of industrial activities, formulate sustainable development policies, and contribute effectively to the advancement of global sustainability.

Economic Growth and Sustainable Development (15 credits)

This module aims to equip students with an understanding of advanced macroeconomic models, with an emphasis on economic growth. By integrating discussions on sustainable development goals, this module also aims to provide a balanced understanding of how economic growth can be aligned with environmental and societal well-being. The content will include both theories and empirics of economic growth, aiming to provide insight into issues such as the determinants of growth, the role of technological innovation and human capital, and the design of macroeconomic policies that can promote sustainable development.

Optional modules – generalist options (choose one)

International Money and Finance (15 credits)

This module aims to allow students to engage with and study issued related to the mechanics of currency markets, international finance and economics. It aims to use economic principles to examine international monetary arrangements and important historical policy episodes.

The Economics of Sustainability and Net Zero (15 credits)

The aims of this module are to develop the skills which allow the student to:

  • understand relevant economic concepts and tools, and their relevance to environmental sustainability and net zero;
  • identify and assess how complex economic, regulatory, engineering, institutional and environmental factors influence the potential feasibility and likely success of government policies, commercial strategies and technologies aimed at improving sustainability and achieving net zero;
  • develop report writing and presentation capabilities in preparation for future employment, with a focus on making underlying complex analysis understandable to the target audience.

Sustainable development pathway

Compulsory modules

Economic Research: From Conception to Communication (15 credits)

The aims of this module are to develop the skills which allow the student to:

  • enhance their oral presentation and communication skills for both academic research and employment;
  • develop spoken and written specialist language to suit the high-level communication requirements and style of project proposals and project reports, for both research and employment;
  • conduct critical constructive synthesis of specialist literature;
  • be prepared for subsequent research training and project modules.

Economic Welfare in Imperfect Markets (15 credits)

This module aims to provide students with a deep understanding of industrial economics principles and their application to sustainable development challenges. By examining concepts such as economic welfare, scarcity of natural resources, and energy market dynamics, the module aims to provide students with the analytical tools and knowledge necessary to address complex economic issues within the framework of sustainable development goals. Through a combination of theoretical exploration, empirical analysis and case studies, students will develop the skills to critically assess the economic implications of industrial activities, formulate sustainable development policies, and contribute effectively to the advancement of global sustainability.

Economic Growth and Sustainable Development (15 credits)

This module aims to equip students with an understanding of advanced macroeconomic models, with an emphasis on economic growth. By integrating discussions on sustainable development goals, this module also aims to provide a balanced understanding of how economic growth can be aligned with environmental and societal well-being. The content will include both theories and empirics of economic growth, aiming to provide insight into issues such as the determinants of growth, the role of technological innovation and human capital, and the design of macroeconomic policies that can promote sustainable development.

Optional modules (choose one)

International Money and Finance (15 credits)

This module aims to allow students to engage with and study issued related to the mechanics of currency markets, international finance and economics. It aims to use economic principles to examine international monetary arrangements and important historical policy episodes.

The Economics of Sustainability and Net Zero (15 credits)

The aims of this module are to develop the skills which allow the student to:

  • understand relevant economic concepts and tools, and their relevance to environmental sustainability and net zero;
  • identify and assess how complex economic, regulatory, engineering, institutional and environmental factors influence the potential feasibility and likely success of government policies, commercial strategies and technologies aimed at improving sustainability and achieving net zero;
  • develop report writing and presentation capabilities in preparation for future employment, with a focus on making underlying complex analysis understandable to the target audience.

Data science pathway

Compulsory modules

Economic Research: From Conception to Communication (15 credits)

The aims of this module are to develop the skills which allow the student to:

  • enhance their oral presentation and communication skills for both academic research and employment;
  • develop spoken and written specialist language to suit the high-level communication requirements and style of project proposals and project reports, for both research and employment;
  • conduct critical constructive synthesis of specialist literature;
  • be prepared for subsequent research training and project modules.

Data Science and Economic Predictions (15 credits)

Studying data science techniques for economic predictions is crucial in today's data-driven world, as it enhances forecasting accuracy and informs economic policy and strategy. The aim of this module is to equip students with the econometric skills necessary to interpret and leverage vast amounts of economic data to make reliable predictions. We will study the logic of predictive data analysis and the most widely used methods in contemporary economic literature.

Data Science and Policy Evaluation (15 credits)

The hallmark of contemporary applied microeconomics is the use of large microdata, which refer to data collected at the level of microeconomic agents, such as individual consumers and households. This module aims to equip students with an understanding of data science and its application to microdata, with an emphasis on econometric methods that are widely used to measure microeconomic agents' preferences and their responses to policy interventions. 

Students will learn relevant methods and how to apply them by using data science software to analyse real-world data.

Optional modules (choose one)

International Money and Finance (15 credits)

This module aims to allow students to engage with and study issued related to the mechanics of currency markets, international finance and economics. It aims to use economic principles to examine international monetary arrangements and important historical policy episodes.

The Economics of Sustainability and Net Zero (15 credits)

The aims of this module are to develop the skills which allow the student to:

  • understand relevant economic concepts and tools, and their relevance to environmental sustainability and net zero;
  • identify and assess how complex economic, regulatory, engineering, institutional and environmental factors influence the potential feasibility and likely success of government policies, commercial strategies and technologies aimed at improving sustainability and achieving net zero;
  • develop report writing and presentation capabilities in preparation for future employment, with a focus on making underlying complex analysis understandable to the target audience.

All pathways

Optional modules (choose one)

Consultancy Project (60 credits)

This module is an opportunity to tackle a real organisational problem in a specific discipline, as prescribed by a ‘client’ company, working in a group.

The aims of this module are:

  • to apply discipline-specific knowledge, covered in the postgraduate programme, in addition to knowledge gained from previous studies (if relevant) to a real-world problem/situation;
  • to undertake business consultancy across the entire lifecycle of a project from inception to delivery;
  • to develop consulting skills, including those related to academic research, such as effective communication with the company, choosing appropriate theories/frameworks and effectively collecting and using data as needed;
  • to effectively work in a group;
  • to deliver a range of agreed outputs to a deadline.

Dissertation in Economics (60 credits)

The aim of this module is to develop the capability for independent focused study of an intellectual, business or policy question in economics or finance.

More specifically the module will require:

  • team work on the discussion and choice of a suitable research question, and the review of both relevant literature and business or policy context;
  • planning of the project, including identification of the problem, summary of literature and context, and development of appropriate framework of analysis;
  • the supervised execution of the research project, using relevant theoretical, empirical and institutional tools of economic analysis and appropriate data.

The supervision will be from a university staff member or, where agreed with an external organisation, joint supervision between a staff member and an employee of the external organisation.

How you'll be assessed

You will be assessed by a combination of exams and group and individual coursework.

How you'll study

  • Lectures
  • Seminars
  • Tutorials
  • Independent study
  • Group work
  • Workshops
  • Practical sessions

Where you'll study

Our extensive range of first-class facilities are designed to help you throughout your studies and fully equip you for your future endeavours. You will have access to spacious study areas and the latest audio-visual equipment to support teaching and learning. The 'LB Hub' in the Business School also provides a contemporary space to study, collaborate, refuel and recharge.

Entry requirements

Our entry requirements are listed using standard UK undergraduate degree classifications i.e. first-class honours, upper second-class honours and lower second-class honours. To learn the equivalent for your country, please choose it from the drop-down below.

Entry requirements for United Kingdom

An honours degree in economics, business (with a strong quantitative component), finance, management science, operations research, maths, physics, or engineering.

Applicants from other disciplines will also be considered provided that at least introductory modules in economics and an introduction to quantitative subjects such as calculus and statistics have been studied.

Afghanistan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Masters 95% 85% 70%

Albania

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diplomë e Nivelit të Pare (First Level (University) Diploma (from 2010) 9.5 8.5 8

Algeria

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licence (4 year) / Diplome d'Inginieur d'Etat / Diplôme d'Etudes Supérieures 16 14 12

Argentina

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciatura/ Licenciado (4 year) 8.5 7.5 6.0

Armenia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bakalavri Kochum required but typically a Magistrosi Kochum 90% or 3.9 80% or 3.5 70% or 3.0

Australia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Honours degree (AQF level 8) First Class, 80% Upper Second, 70%, H2A Lower Second, 60%, H2B
Ordinary degree - AQF Level 7 pass (mark 46 or 50) High Distinction (80% or 85%) Distinction (75% or 80%) Distinction (70% or 75%)

Austria

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Degree / Diplomstudium / Fachhochschuldiplom (Diplom (FH)) A (or 1.5) mit Auszeichnungbestanden 60% / B / (or 2) 60% / B / (or 2)

Azerbaijan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bakalavr Diplomu/ Diplomu (Specialist Diploma) 4.5 or 90% 4 or 80% 3.5 or 70%

Bahamas

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Degree from University of the West Indies only 1st (GPA 3.6) 2:1 (GPA 3.0) 2:2 (GPA 2.5)

Bahrain

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3.0 2.8

Bangladesh

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 year Bachelor of Science in Engineering (IEB and BAETE accredited courses only) 1st (70%) / 3.5 2nd (60%) / 3.0 2nd (55%) / 2.75
Masters (1-2 years) following a 3 or 4 year degree 80% / 4.0 65% / 3.25 50% / 2.5

Barbados

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
University of the West Indies, Honours degree 1st (GPA 3.6) 2:1 (GPA 3.0) 2:2 (GPA 2.5)
Barbados Community College 1st or GPA 3.75 2:1 or GPA 3.5 2:2 or GPA 3.0

Belarus

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Specialist Diploma (5Yr) 9 7 5

Belgium

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor degree/Licenciaat/Licencie 80% or 17 70% or 14 60% or 12

Belize

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Degree from University of the West Indies only 1st (GPA 3.6) 2:1 (GPA 3.0) 2:2 (GPA 2.5)

Benin

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Maitrise 18 15 or Bien 12 or Assez Bien

Bermuda

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Degree from University of the West Indies only 1st (GPA 3.6) 2:1 (GPA 3.0) 2:2 (GPA 2.5)

Bolivia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
A Licenciado, 4 years Private (public/private) 85/78 75/66 67/55

Bosnia and Herzegovina

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diploma Visokog Obrazovanja / Diplomirani 10 9 8

Botswana

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Master's degree A or 80% B or 70% C or 60%

Brazil

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Brazil - 4 yr Bacharel or Licenciado/Licenciatura or Título Profissional 8.5 7.5 6.5

Brunei

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Brunei First Upper Second (60%/B/3.1) Lower Second (50% or C or 2.5)

Bulgaria

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
5 yr Diploma za Zavarsheno Visshe Obrazovanie (Diploma of Completed Higher Education) 6 5 4

Burundi

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Masters or Diplôme d'Études Approfondies or Diplôme Ingénieur (professional title) 18 15/20 (Bien) 12.5/20 (Assez Bien)

Cambodia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Masters 80% or B+ or 3.5 70% or B or 3.0 60% or C+ or 2.5

Cameroon

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor degree or Diplome d'Etudes Superiures de Commerce or Diplome d'Ingenieur or Diplôme d'Ingénieur de Conception or a Maitrise, 4 year Licence or Master 1 (M1) 1st / 3.6 or 15/Tres Bien 2:1 / GPA 3.0 or 14 / Bien 2:2 / GPA 2.5 or 12.5/ Assez Bien

Canada

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0/Percentage 3.7/85% 3.3/75% 2.7/68%
Out of 9 8 6 5
Out of 12 10 8 6

Chile

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Grado de Licenciado / Título (Profesional) de [subject area] (4 years) 6 5.5 5

China

Students are required to have a bachelor degree (4 years) for entry to a postgraduate programme. The University uses the Shanghai Academic Ranking of World Universities to identify the required final mark, as outlined on the table below:

First class (70%) Mid 2:1 (65%) 2:1 (60%) Mid 2:2 (55%) 2:2 (50%)
Shanghai Rank Top 250 83% 79% 75% 73% 70%
Shanghai Rank 251-500 88% 84% 80% 78% 75%
Shanghai Rank 501+ 92% 87% 84% 82% 80%

Affiliated colleges

The University will consider students from Affiliated Colleges in the following way:

Applicants from colleges affiliated to universities in the top 250 Shanghai rankings will be considered if they have achieved or are likely to achieve final marks of 75%-84%.

Applicants from colleges affiliated to universities which are 251-500 in the Shanghai rankings will be considered if they have achieved or are likely to achieve final marks of 80%-87%.

Applicants from colleges affiliated to universities which are above 500 in the Shanghai rankings will be considered as follows:

  • School of Business and Economics: not considered
  • All other programmes if they have achieved or are likely to achieve final marks of 80%-87%.

Universities given special consideration

Applicants from a small number of Chinese universities that specialise in business, management, finance or creative arts will be given special consideration by the University. The full list of these universities and the Shanghai band under which they will be considered can be found below:

Table of Chinese universities for special consideration

‌*Special consideration for programmes in School of Sport, Exercise and Health Sciences and Institute for Sport Business only.

Students who do not meet the above requirements may occasionally be considered if they have a relevant degree, can show good grades in relevant subjects, and/or have substantial relevant work experience.

Colombia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciado / Título de [subject area] 4.5 3.75 3.2

Costa Rica

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciado 9 8 or 80 7 or 75

Croatia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Baccalaureus / Prvostupnik 4.5 3.8 3.0

Cuba

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4-year Titulo de Licenciado / Licenciatura 5 4 3

Cyprus

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Cyprus 8.5 7.0 6.5

Czech Republic

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bakalár (after 2001) 6 yr integrated Magistr 1 1.5 2

Denmark

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
5 year Candidatus/Candidata Magisterii or Bachelor degree (7 point scale) 12 10 7

Dominican Republic

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 year Licenciado or Título de [subject area] 3.8 Magna Cum Laude or 3.5 or 85% Cum Laude or 3.2 or 82%

Ecuador

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Título de Licenciado / Título de [subject area] 8.5 / 85% 8 / 80% 7 / 70%

Egypt

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Egypt 3.5 3.2 2.8
Universities only BA 90%, BSc 85% BA 80%, BSc 75% BA 65%, BSc 65%

El Salvador

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
5 year Licenciado, Título de Ingeniero/Arquitecto 8.5, 85% 7.5, 75% or Muy Bueno 6.5, 65% or Bueno

Estonia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bakalaureusekraad or Magister or Magistrikraad 5 or 91% or A 4 or 81% or B 3 or 71% or C

Ethiopia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Master's A/GPA 4.0 A/GPA 3.5 B/GPA 2.8

Finland

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kandidaattii/Kandidat or the Maisteri/Magister 3 (out of 3) or 4.5 (out of 5) 2 (out of 3) or 3 (out of 5) 1 (out of 3) or 2.5 (out of 5)

France

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licence (3 years)/ Maitrise/ Diplôme d'Ingénieur 14 13 11

Georgia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4-year degree (% = new system) 5 (95%) 4.0 (85%) 3.5 (75%)

Germany

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
German Bachelor/ Diplom, Magister Artium / Zeugnis über den Zweiten Abschnitt der Ärztlichen Prüfung 1.5 2.5 3.0

Ghana

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Ghana First Upper second/60% Lower second/50%

Greece

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Universities 8.5 7.0 6
TEI and non-University Institutions 8.5 7 6.5

Grenada

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Degree from University of West Indies - classification 1st, 70% (GPA 3.6) 2:1, 60% (GPA 3.00) 2:2, 50% (GPA 2.5)
Degree from University of West Indies - grade / percentage A B / 75% C / 55%
Degree from University of West Indies - GPA 3.6 3.0 2.0

Guatemala

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Liceniado / Titulo de (subject area) - 4 years 90% (public university) / 95% (private university) 80% (public university) / 85% (private university) 60% (public university) / 70% (private university)

Guyana

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Master's GPA 4 GPA 3.5 3.0

Honduras

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Título de Licenciado / Grado Académico de Licenciatura (4 year degree) - GPA out of 5 GPA 5 or 90% GPA 4 or 80% GPA 3.5 or 70%

Hong Kong

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
1st or 3.5/4 2:1or 3/4 2:2 or 2.5/4 2.5

Hungary

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Alapfokozt or Egyetemi Oklevel / Bachelor 4.5 3.5 3

Iceland

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Baccalaurreatus degree or Kandidatsprof/Candidatus Mag 8.5 7.5 6.5

India

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Institutions listed on the National Institutional Ranking Framework 65% (First) 60% (First) 55% (Upper second)
All other Indian institutions 70% (First with distinction) 65% (First) 60% (First)

Indonesia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Sarjana I (S1) from accredited Universities 3.3 3.0 2.8

Iran

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Iran 17 15 13

Iraq

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Iraq 80% 75% 70%

Ireland

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Republic of Ireland First (70%) Upper second (60%) Lower second (50%)

Israel

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
3 yr Bachelor Degree 90% 80% 70%

Italy

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diploma di Laurea 109/110 100/110 90/110

Ivory Coast

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diplome d'Etude Approfondies, Diplome d'Etude Superieures or Diplome d'Etude Superieures 16 14 (Bien) 12 (Assez Bien)

Jamaica

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
For degrees studied at The University of West Indies or degrees accredited by UCJ and CCCJ 1st (GPA 3.6) 2:1 (GPA 3.0) or B 2:2, 50% (GPA 2.5)

Japan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Gakushi – GPA 4.0 scale 85% or A or 3.5 80% or B or 3.0 70% or C or 2.0

Jordan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3 or 3.5/5 or 75% 2.5 (or 3.0/5) / 63%

Kazakhstan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 5.0/percentage scale 4.5 or 90% 4 or 85% 3.5 or 80%
GPA 4.33 scale 3.9 3.7 3.2
GPA 4.0 scale 3.7 3.4 3

Kenya

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kenya First / 70% / A Upper second / 60% / B Lower second / 50% / C

Kosovo

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kosovo 10 9 8

Kuwait

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.6 3.0 2.6

Latvia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Latvia 9 7 6

Lebanon

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
American 90% (3.5) 80% (3.2) 70% (2.8)
French 18 15 12

Liberia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Master's 4.0 or 90% 3.5 or 85% 3 or 80%

Libya

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
BSc Engineering, Architecture, Medicine 85 (3.6) 75 (3.0) 65 (2.5)
Other bachelor's degree from a university 90 (4.0) 85% (3.6) 75% (3.0)

Lithuania

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Lithuania 9 8 7

Luxembourg

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Luxembourg 18 (excellent) 16 (tres Bien) 14 (bien)

Macau

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Macau 1st or GPA 3.7 2:1 or GPA 3.0 2:2 or GPA 2.5

Macedonia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Magistar Дипломиран / Баццалауреус / Баццалауреа (Bachelor degree) 10 9 8

Malawi

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Master's only MSc 75% MSc 70% MSc 65%

Malaysia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Classification First Class 2.1 GPA 2.5
GPA 4.0 scale 3.5 3.0 2.8

Malta

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Malta 1st (80%) 2:1 (70%) 2:2 (55%)

Mauritius

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Mauritius 1st or 70% 2:1 or 60% 2:2 or 50%

Mexico

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciatura / Licenciado/ Título (Profesional) de [subject area] 8.5 8 7

Moldova

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diploma de Licenţă (Diploma of Licentiate) 9 8 7

Mongolia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Диплом Специалиста (Specialist Diploma) 90% or 3.5 80% or GPA 3.2 70% or GPA 3.0

Montenegro

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diploma of Completed Undergraduate Studies or Diploma of Professional Undergraduate Studies 10 (or 5.0) 9 (or 4.5) 8 (or 4.0)

Morocco

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diplôme d'Ingénieur d'État, Diplôme d'Écoles Nationales de Commerce et de Gestion, Licence / Licence d'Études Fondamentales / Licence Professionnelle 16 14 12

Mozambique

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Mestrado/ Grau de Mastre 16 14 12

Myanmar (Burma)

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
2 year Master's degree 5 or 85% 5 or 75% 4.5 or 65%

Namibia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4-year Bachelor Honours (post 2008) or Masters 80% or A 70% or B 60% or C

Nepal

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Master's (after 3 year bachelor degree) 80% or 3.7 GPA 65% or 3.3 GPA 60% or 3.0 GPA

Netherlands

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Netherlands 8 7 6

New Zealand

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 Year Honours degree (480 credits) - Level 8 First (7.0) Upper Second (6.0) Lower Second (4.0)
3 Year degree (360 credits) - Level 7 A+ (9.0) A- (7.0) B+ (6.0)

Nicaragua

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciatura (4 year) 90% 80% 70%

Nigeria

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
7 point Scale 6 5 3.0 (on 5 point scale)
5 point scale 4.5 3.8 3.5
4 point scale 3.5 3 2.5

Norway

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Norway A / 1.8 B / 2.3 C / 3.0

Oman

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3.0 2.5

Pakistan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 Year degree only (the higher of the 2 options) A- or GPA 3.7 B or GPA 3.0 C+ or GPA 2.6
2 or 3 year Bachelor plus Masters 1st (60%) plus GPA 3.7 2nd (55%) plus GPA 3.0 2nd (50%) plus GPA 2.6

Palestine

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor (4-years) (85%) 3.5 (80%) 3.0 (70%) 2.5

Panama

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 Year Licenciado / Título de [subject area] 91 (A) 81 (B) 71 (C)

Papua New Guinea

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor (Honours) Degree 1st 2:1 2:2

Paraguay

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 Year Título de Licenciado / Título de [subject area] 4.5 (85%) 4 (80%) 3.5 (75%)

Peru

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 Year Título de Licenciado / Título de [subject area] 14 13 12

Philippines

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Degree from prestigious state universities or Centres of Excellence (COE) Summa Cum Laude 4.0 / 96% / 1.0 Magna cum Laude 3.5 / 92% / 1.5 Cum Laude 3.0 / 87%/ 2.0

Poland

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor Degree (post 2003) Magister (pre- 2003) 5 4.5 4

Portugal

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diploma de Estudos Superiores Especializados (DESE) or Licenciado 18 16 14

Qatar

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3.0 2.8

Romania

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diploma de Licenta/ Diploma de Inginer 9 8 7

Russia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bakalavr/Specialist Diploma/Magistr 4.5 4.0 3.5

Rwanda

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 year bachelor (Hons) degree (480 credits) 1st, 16/20 (80%) 2:1,14/20 (70%) 2:2, 12/20 (60%)

Saudi Arabia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3.0 2.8
GPA 5.0 scale 4.5 3.75 3.5

Senegal

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Maitrise, Diplome d'Etude Approfondies, Diplome d'Etude Superieures or Diplome d'Etude Superieures Specialisees 16/20 or Tres Bien 14/20 or Bien 12/20 or Assez Bien

Serbia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Diplomirani/ Bachelor's degree 9 8 7

Sierra Leone

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Honours degree or masters 1st (70%) 2:1 (60% or B) 2:2 (50% or C)

Singapore

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor (Hons) First Upper second Lower second
GPA 4.0 scale 3.7 3.0 2.7
GPA 5.0 scale 4.5 3.5 3.0

Slovakia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bakalár (from 2005) Magister / Inzinier 1.5 or B 2.0 or C 2.5 or C/high D

Slovenia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
University Diplom 9 8 7

South Africa

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor (Honours) or B Tech after 4 yrs study 1st or 75% 2:1 or 70% 2:2 or 60%

South Korea

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA out of 4.5 4.0 / A 3.5 / B 3.0 / C+
GPA out of 4.3 4.0 / A 3.0 / B 2.7 / C+

Spain

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciado / Título de Ingeniero / Título de Arquitecto 8.5 7 6.5
UCM grading 3.0 2.0 1.5

Sri Lanka

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 year Professional degree or Bachelor Special or Honours degree 90%, GPA 3.70 80%, GPA 3.30 70%, GPA 3.0

Sudan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 year degree 1st, 70%, B+ 2:1, 66% mid 2:2, 60%, B

Sweden

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kandidatexamen or Magisterexamen Overall grade of VG with a minimum of 120 credits at VG B or Overall grade of VG with a minimum of 90 credits at VG C or Overall grade of G with a minimum of 90 credits at G

Switzerland

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bachelor Degree, Diplom or Lizentiat (10/6/5) 10 / 6 / 1 8 / 5 / 2 6 / 4 / 3

Syria

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
State universities 4 years of study 80% 70% 60%
Private universities 4 years of study 90% 80% 70%

Taiwan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Category 1 (4 year degree) 80% 75% 70%
Category 2 (4 year degree) 85% 80% 75%

Tajikistan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Диплом специалиста - Specialist Diploma 5 4.5 4

Tanzania

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Tanzania 1st 2:1 2:2

Thailand

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3.0 2.8

Trinidad and Tobago

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
For degrees studied at The University of West Indies or degrees accredited by ACTT 1st or GPA 3.6 2:1 or GPA 3.0 2:2 or GPA 2.5

Tunisia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licence, Maîtrise, Diplôme National d'Ingénieu 16 (tres bien) 14 (bien) 11 (assez bien)

Turkey

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Lisans Diplomasi or a Műhendis Diplomasi 3.5 3 2.5

Turkmenistan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
4 Yr Bakalavr, Specialist Diploma or Magistr 5 4.5 4

Uganda

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Uganda 1st or 4.4 2:1 or 3.8 2:2 or 3.0

Ukraine

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Dyplom Magistra or a Bachelors degree (11 / 5) 4.5 4.0 3.5

United Arab Emirates

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3.0 2.6

United States of America

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
GPA 4.0 scale 3.5 3.2 2.8

Uruguay

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciado (4 year) 9 8 7

Uzbekistan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Majistr Diplomi / Diplomi (Specialist Diploma) 90% or GPA 4.5 80% or GPA 4.0 70% or GPA 3.5

Venezuela

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Licenciado/Professional title. (4 year) 18/20 or 8/9 16/20 or 7/9 14/20 or 6/9

Vietnam

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
10-point scale 8.0 7.0 6.0
4-point scale 3.5 3.0 2.8

Zambia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Master's A or 4.0 or 80% B+, 3.5 or 70% B or 3.0 or 60%

Zimbabwe

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
3/4 year degree 1st or 75% 2:1 or 65% 2:2 or 60%

English language requirements

Applicants must meet the minimum English language requirements. Further details are available on the International website.

Fees and funding

October 2025 start

UK fee

£12,500 Full-time degree per annum

International fee

£25,500 Full-time degree per annum

Scholarships and bursaries

There are scholarships and bursaries available to help with funding your study.

Master's degree funding

Your development

At Loughborough Business School you will learn about new, more purpose-driven ways of working that will open up a world of possibilities for your career. You will also develop sought-after skills and confidence you can take with you, whether you go on to make your mark in an organisation, or choose to set up your own.

Look forward to development opportunities and extracurricular activities where you can channel your purpose and passion into the needs of organisations and communities. From public lectures and talks with industry experts, to alumni masterclasses where you will get to hear from ex-Loughborough students first hand about their careers, and ask them questions about yours.

Develop critical digital and interpersonal skills through our co-curricular programme

Irrespective of discipline, all students need to master a wide range of interpersonal, digital and analytical skills, which can be further supported with evidence gained through studying additional micro-credentials. At Loughborough Business School, we have designed a comprehensive suite of additional learning opportunities to ensure our graduates are ready to navigate a complex and uncertain job market.
 
These additional opportunities are constructed around three key pillars. The first is interpersonal skills; we offer guidance on personal branding, career planning and networking, as well as interview and assessment centre preparation. The second pillar addresses critical digital competencies such as data and AI skills, from non-coding essentials through to understanding data science. Finally, to bridge the gap between academic theory and the practical world, we organise a series of high quality guest speaker and masterclass sessions for students, which put the spotlight on contemporary business practices.

Our academics

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')