Masters in Economics in Australia for International Students

Unravel the working of financial markets and understand how money works globally with a professional Master’s degree in Economics from a leading Australian university. A course that blends economic theory with real-world impact, it enables learners to gain a deeper understanding of the intricacies of the international financial system. 

Brace yourself for lucrative career opportunities ahead with the program. IDP Education consultants for Australia help students worldwide apply for a Masters in Economics at a top Australian university. Learn more about this topic in the article.

Why Study a Masters in Economics in Australia?

Studying in Australia unlocks career pathways to international economic markets, owing to the country’s strong ties with the Asia-Pacific region. Some more reasons for pursuing a Masters of Economics in Australia are:

• Strong demand: Australia generates a high and consistent demand for skilled economists across both the public and private sectors. The Masters in Economics degree helps fill that demand.

• Top-ranked universities: Australian universities consistently rank high in the QS World University Rankings, attracting students from around the world to their top-notch educational offerings.

• Privileged job roles: Graduates of the program can look forward to top job opportunities in sectors like finance, development, government, and policy-making.

Specialisations in Masters in Economics in Australia for International Students

A Masters of Economics in Australia is designed to equip aspiring learners with advanced knowledge and skills in the field of economics and econometrics. It is a postgraduate program offered at several 

Australian universities with the following specialisations to help learners focus on a specific core area:

• International Economics

• Development Economics 

• Financial Economics

• Econometrics 

• Environmental Economics  

Cost of Studying a Masters in Economics in Australia for Indian Students  

International students aspiring to pursue a Master of Economics at an Australian university must check with the specific institution for the exact fee structure at the time of application. The tuition fee is likely to change every year. 

The average tuition fees for a Masters in Economics in Australia are approximately AUD 124,000 to complete the full degree program. Please note that this estimate is for a single university and may vary depending on several factors.

_{Related Source: https://www.unsw.edu.au/study/postgraduate/master-of-applied-economics}

Eligibility Criteria and Admission Requirements to Study Masters in Economics in Australia

The top criteria to select applicants for a Masters of Economics in Australia are defined below:

• A recognised Bachelor’s degree from a recognised overseas institution with at leasta  65% grade

• At least 1 year of prior work experience (preferred by some universities) in the public or private sector

• At least 7.0 overall on the IELTS score and a minimum of 6.0 in each band

_{Related Source: https://www.unsw.edu.au/study/postgraduate/master-of-applied-economics#entryRequirements}

Top Universities in Australia for a Masters in Economics

Seeking the top study institutions for your program? Here are some of the top universities in Australia for Masters in Economics courses: 

_{Related Source: https://www.topuniversities.com/university-subject-rankings/economics-econometrics?countries=au}

Career Prospects After Pursuing a Masters in Economics in Australia 

The table below highlights some top jobs after a Masters in Economics in Australia for graduates of the program:

_{Related Sources: https://au.indeed.com/career/financial-analyst/salaries
https://au.indeed.com/career/policy-advisor/salaries?from=top_sb
https://au.indeed.com/career/economist/salaries?from=top_sb
https://au.indeed.com/career/economic-consultant/salaries?from=top_sb
https://au.indeed.com/career/investment-banker/salaries?from=top_sb}

Student Essentials Services (SES) by IDP for Studying Abroad

IDP Education is one of the top study-abroad consultants for Australia, providing comprehensive, end-to-end support to students worldwide who aspire to study in the country. The support is in the form of Student Essentials Services (SES) and covers:

• Financial support via study loans, student banking, and money transfer facilities to students

• Accommodation assistance 

• Guardianship for students under 18 years

• SIM card facility upon arrival

• Student health cover is health insurance

FAQs on Masters in Economics in Australia

1. Which scholarships exist for an MS in Economics in Australia?

A few top scholarship options available for the program include:

• Research Training Program (RTP) Scholarships

• Australia Awards Scholarships

• Australia for ASEAN Scholarships

2. Can I study MS Economics in Australia without IELTS?

You need to demonstrate some proof of English proficiency to study in an English-speaking country like Australia. IELTS is one of the most commonly accepted English proficiency tests by most universities in Australia. You should check specifically with the institution you wish to apply to and see if it agrees to any other test results.

3. What jobs are available after completing an MS in Economics in Australia?

Some of the top job roles after graduating with the program from a leading Australian university are:

• Economist

• Financial Analyst

• Investment Banker

4. Can I work while studying an MS in Economics in Australia?

Of course! The country permits international students to work in Australia part-time (up to 48 hours per fortnight) during the study term and full-time (unlimited hours) during breaks or holidays.

5. How to apply for an MS in Economics in Australia?

You can check the entry requirements of specific Australian universities offering the program. Alternatively, IDP Education consultants can assist you in studying in Australia by providing comprehensive support throughout the entire process.

_{Updated on July 8, 2025}

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