University of Aberdeen
Economics and Finance MA (Hons)
University of Aberdeen

Key Course Facts

Student Reviews

Below you can see course specific reviews for 30 graduates of Economics and Finance MA (Hons) at University of Aberdeen for each of the survey questions in comparison to the average for all UK degree courses in Economics.

Overall student satisfaction
87 /100
30 total respondents
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Source: National Student Survey NSS 2023. The Overall student satisfaction data point is from 2022 (latest available year). The Office for Students made the unfortunate decision to discontinue collecting overall student satisfaction data points per course.
This particular course
The NSS is commissioned by the Office for Students

Salary

Salary of Graduates in Economics

Important: Salary data below is not course specific, but contains data of all students of Economics at the university. Due to data collection methodology, salary data is mainly based on data related to undergraduate students.

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £26000 £28000 £37000
25-75 percentile range £23000 - £30000 £21000 - £37500 £26500 - £50500
Source: HESA - Graduate Outcomes Survey Oct 10, 2023
All Economics courses of University of Aberdeen


Salary of all UK Graduates of Economics

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £28575 £30471 £40245
25-75 percentile range £24114 - £33739 £23720 - £40302 £28567 - £54576
Source: Longitudinal Education Outcomes (LEO) by UK Department for Education Dec 20, 2022
All Economics courses in the UK

Course Description

Economics and Finance at Aberdeen is a brilliant subject combination and springboard to an exciting career in international business and finance. Economics gets to grips with the global economy and what influences the wealth of nations and Finance adds a powerful understanding of the principles and practice of finance, giving you all-round business skills to take advantage of the many opportunities available to sought-after Aberdeen graduates.

In Economics, you will explore the microeconomics of business and society, macroeconomics of the world economy and economic problems in political, social and historical contexts, with a strong emphasis on applied learning. You will be taught by experts including leading petroleum economist and government adviser Professor Alex Kemp and our health economists whose work influences Scottish and UK policy decisions on public health.

Finance will give you skills in financial management, corporate finance, personal finance, financial institutions, derivatives and the stock market. You will develop intellectually by analysing and evaluating financial problems and the practical skills to understand and use information from financial newspapers and documents. You will have close links with employers, work on real-life business scenarios and use sophisticated financial management technology and software, such as our virtual Thomson Reuters Eikon trading floor, used by major financial services companies across the world, integrating real activity in financial markets directly into students’ courses. You will thrive in the dynamic, international environment of our Business School of over 40 nationalities. You will be taught by renowned experts in their fields and dedicated careers advisers, who will guide you on the skills and attributes sought by employers from large multinational blue-chips to small and medium-sized enterprises in all sectors of business.

17th best UK University for Economics (The Complete University Guide 2021). 4th best UK University for Accountancy and Finance (The Complete University Guide 2021).

Jobs & Career Perspectives

15 months after graduation, graduates of this course were asked about what they do and, if they are working, about their current job and their perspectives.

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Source: HESA - Graduate Outcomes Survey Oct 10, 2023
This particular course

Current jobs

chart data
Source: HESA - Graduate Outcomes Survey Oct 10, 2023
This particular course

Required skill level of job after 15 months

chart data
Source: HESA - Graduate Outcomes Survey Oct 10, 2023
This particular course

Jobs of graduates of this course (15 months after graduation)

Example below based on all graduates of Economics and Finance MA (Hons) at University of Aberdeen

60% Sales occupations
10% Elementary occupations
5% Finance Professionals
5% Business and public service associate professionals
5% Science, engineering and technology associate professionals
5% Managers, directors and senior officials
Source: Unistats by Higher Education Statistics Agency (HESA) Oct 10, 2023

Grading & Study Time

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**Students are assessed by any combination of three assessment methods:** Coursework such as essays and reports completed throughout the course; Practical assessments of the skills and competencies they learn on the course; Written examinations at the end of each course. The exact mix of these methods differs between subject areas, years of study and individual courses. Honours projects are typically assessed on the basis of a written dissertation.

Entry Requirements / Admissions

UCAS Tariff of Accepted Students for this course

chart data
Source: Unistats by Higher Education Statistics Agency (HESA) Oct 10, 2023
This particular course

English language requirements

test Grade Additional Details
IELTS (Academic) 6

Overall - 6.0 with: Listening - 5.5 or above; Reading - 5.5 or above; Speaking - 5.5 or above; Writing - 6.0 or above.

IELTS Indicator or IELTS General Training are not accepted
TOEFL (iBT) 78

TOEFL iBT and TOEFL Home Edition (online) - DI code is 0818: Overall 78 with: Listening - 17 or above; Reading - 18 or above; Speaking - 20 or above; Writing - 21 or above.
PTE Academic 59

Overall - 59 with: Listening - 59 or above; Reading - 59 or above; Speaking - 59 or above; Writing - 59 or above.

Online Test is not accepted
Trinity ISE

Pass overall at ISE II with a distinction in writing and merit in the other three skills.
Institution's Own Test

Academic English Pre-sessional Programmes - Pass (valid for one year) OR Academic English Preparation Programme - Pass at Level Four (valid for one year)
Cambridge English Advanced

Overall - 169 with: Listening - 162; Reading - 162; Speaking - 162; Writing -169.
Cambridge English Proficiency

Overall - 169 with: Listening - 162; Reading - 162; Speaking - 162; Writing -169.
Source: UCAS Dec 4, 2023

When you are thinking about studying overseas, it is important that you understand all the costs involved and budget accordingly. It is essential to budget for your studies prior to leaving your home country and to arrange all your funding for BOTH your tuition fees and your living costs.

View the University of Aberdeen Online Prospectus programme page to find out about any scholarships and funding you may be able to apply for.
Get advice on which foundation courses are best for you to still study Economics and Finance, MA (Hons), if you do not meet the minimum requirements in terms of UCAS score, A levels, or English language requirements.

Costs

Tuition Fees Economics and Finance MA (Hons)

Ireland £9250 year 1
EU £21900 year 1
Scotland £1820 year 1
England UK £9250 year 1
Northern Ireland £9250 year 1
Wales £9250 year 1
Channel Islands £21900 year 1
International £21900 year 1
EU £20800 year 1
Channel Islands £9250 year 1
International £20800 year 1

Additional fee information

EU/International Applicants: When you are thinking about studying overseas, it is important that you understand all the costs involved and budget accordingly. It is essential to budget for your studies prior to leaving your home country, and arrange all your funding for BOTH your tuition fees and your living costs.

Source: UCAS Dec 4, 2023

Average student cost of living in the UK

Rent £518
Water, gas electricity, internet (at home) £50
Supermarket shopping £81
Clothing £35
Eating out £33
Alcohol £27
Takeaways / food deliveries £30
Going out / entertainment (excl.alcohol, food) £24
Holidays and weekend trips £78
Transport within city £17
Self-care / sports £20
Stationary / books £13
Mobile phone / internet £13
Cable TV / streaming £7
Insurance £51
Other £95
  
Average student cost of living £1092

London costs approx 34% more than average, mainly due to rent being 67% higher than average of other cities. For students staying in student halls, costs of water, gas, electricity, wifi are generally included in the rental. Students in smaller cities where accommodation is in walking/biking distance transport costs tend to be significantly smaller.

Source: Own research based on surveys and university data

How to apply

Application deadline:

January 1, 2025

This is the deadline for applications to be completed and sent for this course. If the university or college still has places available you can apply after this date, but your application is not guaranteed to be considered.

Possible Entry Points:

  • year 1 (Default entry point)

University Rankings

Positions of University of Aberdeen in top UK and global rankings.

Rankings of University of Aberdeen in related subject specific rankings.

Social Studies & Humanities

    • #5 
    • #21 
    Economics
    The Guardian University League Tables by Subject
    [Published 09 September, 2023]
    • #7 
    • #35 
    Economics
    CUG The Complete University Guide - By Subject
    [Published 08 June, 2023]
    • #3 
    • #301 
    Economics
    GRAS Global Ranking of Academic Subjects - ShanghaiRanking
    [Published 27 October, 2023]
    • #5 
    • #359 
    Economics
    URAP University Ranking by Academic Performance - By Field
    [Published 22 July, 2023]

See all 29 university rankings of University of Aberdeen

About University of Aberdeen

Dating back to the year 1495 we find the University of Aberdeen, located in the Scottish city of the same name. The main site of this ancient institution is Old Aberdeen, where students in the arts and social sciences as well as the physical sciences carry out their learning. Meanwhile on the significantly more modern campus site Foresterhill, learners in the medical and research fields occupy their own purpose-built buildings, such as Suttie Centre.

List of 511 Bachelor and Master Courses from University of Aberdeen - Course Catalogue

Where is this programme taught

Main Site
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Admission advice for international students