Postgraduate taught 

Data Analytics for Economics & Finance MSc

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This programme offers students a multi-disciplinary curriculum that will prepare them for work in all fields of data leading professions related to economics and finance. The key features of the programme include its combination of insights from economics and finance, statistics and computing science with a focus on creating a new generation of professionals who can use data-rigorous methods in order to inform complex decision making and will provide you with a set of skills that are future-proof and always in high demand. The programme is delivered collaboratively with the Adam Smith Business School and the School of Computing Science

  • MSc: 12 months full-time
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We are aware that there have been some issues with our Application System and Applicant Self-Service, and these systems have been intermittently unavailable. Our systems are currently online and available. We apologise for any inconvenience and would like to reassure you that no applicant will be disadvantaged as a result of these issues.

Why this programme

  • Join the prestigious Adam Smith business school at an exciting time as we embark on transforming the University of Glasgow into one of the leading institutions worldwide covering the field of Data Analytics.
  • Choose from a series of high-quality courses delivered from Economics and Finance in the Adam Smith Business School and the School of Computing Science.
  • You will complete advanced training in order to develop data analytic skills in preparation for successful careers in business or industry.
  • The programme also provides a solid foundation for PhD study.
  • You will have the opportunity to participate in summer project internships with some of our prestigious partners.
  • You can gain recognition for extra-curricular activities by joining the Adam Smith Business School’s Graduate Award Scheme.

Adam Smith Business School is triple accredited

Programme structure

This programme offers a distinctive and innovative multi-disciplinary approach to the field of data analytics as applied to economics and finance, comprising core and elective courses offered from the Departments of Economics, Accounting and Finance, and Computing Science.

The programme will build on students’ strong interest in data analytics to develop their skills in using data rigorous methods in order to inform complex decision making, using big data. It will provide advanced training in time series analysis, panel data econometrics and Bayesian inference, based on internationally-recognised research to equip students to apply their knowledge and skills to conduct state-of-the-art research to lead and deliver projects.

Schedule

  • The programme begins with two pre-sessional courses in early to mid-September, one course in computational methods (Python, MATLAB and Stata), and one course in revisions of matrix algebra and statistical regression models. These courses ensure that students from different backgrounds can all catch up to the required level of pre-requisite knowledge.
  • The first semester begins in October with three core courses covering three aspects of data analysis: econometrics of macroeconomic and financial data (i.e. time series analysis); econometrics of microeconomic/disaggregated data; and machine learning inference.
  • The second semester comprises one core course and electives. The core course introduces Bayesian inference as a unified estimation methodology for all aspects of econometric models, both traditional and high-dimensional (e.g. models for policy-making that have more variables than available observations).
  • The elective courses cover various aspects of applied finance as well as data science, in order to fit the needs of students with different career prospects and different educational backgrounds.
  • Note that in order to be able to select in the second semester the two electives offered from the School of Computing Science (Text as data, and Deep Learning) students have to also select the course Programming and Systems Development (PSD) which is offered in the first semester. That is, the PSD course is a pre-requisite for the two electives from Computing Science. Our finance electives can be selected by all students without restrictions.
  • Award of the MSc in Data Analytics for Economics and Finance, requires students to accumulate 120 credits from taught courses.
  • There is also a thesis component worth 60 credits. The thesis can be delivered using the standard research pathway, or (conditionally on good performance in the core courses) the thesis can be written as part of an internship with one of our partners.

Pre-sessional courses

You will have the opportunity to attend the following two preparatory (pre-sessional) courses 

  • Computational Statistics and Data Analytics 
  • Econometrics and Statistics Review

Both are two week intensive courses that take place in September.

Core courses

Optional courses

Dissertation

Programme alteration or discontinuation
The University of Glasgow endeavours to run all programmes as advertised. In exceptional circumstances, however, the University may withdraw or alter a programme. For more information, please see: Student contract.

Career prospects

The MSc Data Analytics for Economics & Finance will be suitable for those who have developed a strong interest in obtaining data analytic skills combined with economic insights and aspire to follow a career in finance, banking, consulting, government and other major international institutions. 

The programme delivers a multi-disciplinary curriculum that will prepare graduates for work in all fields of data-rigorous professions related to economics and finance, as well as marketing and business. It is also advantageous for direct admission to a PhD programme.

Fees & funding

Tuition fees for 2023-24

MSc

UK

  • Full-time fee: £11520

International & EU

  • Full-time fee: £27930

Deposits

International applicants are required to pay a deposit of £2000 when an offer is made.

Deposits terms & conditions

The University requires a deposit to be paid by International applicants in receipt of an offer to this programme and who require a Certificate of Acceptance for Studies (CAS) from the University in order that they can apply for a student visa. This is required where the programme is competitive and the deposit is required in order to demonstrate your commitment to attend the programme should you meet all the conditions of your offer.

If you are made an offer for this programme the University will write to you and request a deposit with information on how to pay your deposit and the deadline for making the deposit payment. Please note that if you are unable to pay a deposit because you are planning to fund your studies through an official financial sponsor then you should upload a copy of your scholarship application or award letter to your application by the deadline date.

The following guidelines will apply in determining whether or not a deposit will be refunded. Where the deposit is refunded, a 10% handling fee will be deducted.

Deposits WILL be refunded to applicants under the following circumstances:

  1. Where the University is unable to offer you a place.
  2. Where the applicant has personal circumstances such as illness, bereavement or other family situations that has prevented them coming to the UK. Medical or other proof may be requested.
  3. Applicant can prove that they have applied for a visa to attend the University of Glasgow, but the VISA has been refused. The applicant must have shown ‘real intent' to study at the University of Glasgow but has been unable to obtain their visa.
  4. Applicant does not meet his / her conditions of offer: this may be academic or language test requirements. Satisfactory evidence must be uploaded to the student’s online application to prove that they have not met the conditions of their offer (note that applicants who do not meet the language condition of their offer must show reasonable attempt to meet this, i.e. they must provide a language test which was taken after the date that the deposit was paid).

Deposits WILL NOT be refunded to applicants under the following circumstances:

  1. Applicant decides to go to another institution.
  2. Applicant cannot be released from work to study at the University of Glasgow.
  3. Applicant does not send completed documentation as requested in the condition of the offer: this may be required in order to prove that the offer has not been met for academic or language test conditions - failure to respond to requests for this information will result in no refund.
  4. Applicant has not secured funding to attend the University of Glasgow: this may be as a result of not being successful in applications for scholarships, OR simply not having sufficient funds in bank at time of visa application. This condition will apply unless it can be proven that there are clear mitigating circumstances which have significantly changed the applicant’s position since the time of application.
  5. Applicant has requested a deferral – in this situation, if a deferral is granted, the University will retain the deposit and credit it against the applicant’s account for securing their place for the following year of entry. Please note that some highly competitive programmes do not allow applicants to defer. 

Refund requests must be made within 60 days of the programme start date stated on your offer letter: requests made after this date will be subject to discretion.


Additional fees

  • Fee for re-assessment of a dissertation (PGT programme): £370
  • Submission of thesis after deadline lapsed: £350
  • Registration/exam only fee: £170

Funding opportunities

Scotland's Saltire Scholarships

Scotland’s Saltire Scholarships is a programme of scholarships offered by the Scottish Government in collaboration with Scottish universities. Our chosen scholars are people who aspire to become influential leaders in their future careers. They have wide ranging interests outside their studies and a desire to broaden their personal and academic experience in Scotland.

Scholarships are available to citizens of the following countries: Canada, China (including Hong Kong), Japan, India, Pakistan and USA. Saltire Scholars will also have the opportunity to take part in a programme of activities over and above their studies, including dialogue with the academic and business community in Scotland.

GREAT Scholarships 2023 - Turkey, Mexico and Egypt

The University of Glasgow, in partnership with the British Council and the GREAT Britain Campaign, is offering seven scholarships to students in China, Egypt, Kenya, Mexico, Thailand and Turkey who are applying for one-year master’s programmes and will enrol in the 2023/24 academic year.

The GREAT Scholarships 2023 programme, launched by the British Council and 49 UK universities, supports postgraduate students accessing world-class UK higher education opportunities.

The programme offers a minimum of £10,000 to students pursuing a one-year postgraduate programme in the UK. Students can apply for courses in a range of subjects at the 49 institutions across England, Scotland, Wales and Northern Ireland.

The University of Glasgow GREAT Scholarships are open to applications for most postgraduate taught courses for China, Egypt, Mexico and Turkey. Applicants from Kenya and Thailand are only eligible if applying for the postgraduate Law programmes. Please see the eligibility section for a full list of courses and exclusions.

For more information on the GREAT Scholarships 2023, please visit Study UK.

Chevening Scholarship

Chevening Scholarships are the UK government's global scholarship programme, funded by the Foreign and Commonwealth Office (FCO) and partner organisations. The scholarships are awarded to outstanding scholars with leadership potential. Awards are typically for a one year Master’s degree at universities across the UK. There are over 50,000 Chevening Alumni around the world who together comprise an influential and highly regarded global network.

For further information, please refer to the Chevening website.

University of Glasgow International Leadership Scholarship

The University of Glasgow has several International Leadership Scholarships available to International and EU (non-UK) students starting a postgraduate taught Masters programme in any discipline for Academic Session 2023-24. The scholarship is awarded as a tuition fees discount.

Vice Chancellor EU Award

The University of Glasgow continues to be committed to ensuring a strong relationship with our existing and future EU students, and supporting EU talent to make their home at the University of Glasgow. 

We appreciate the challenging financial implications that have arisen as a result of Brexit, and are therefore delighted to offer the Vice Chancellor EU Award to highly qualified new incoming EU students starting a postgraduate taught Masters programme in any discipline for Academic Session 2023-24. The scholarship is awarded as a tuition fee discount. This discount cannot be combined with another University scholarship.

EU Welcome Award

The University of Glasgow continues to be committed to ensuring a strong relationship with our existing and future EU students, and supporting EU talent to make their home at the University of Glasgow. 

We appreciate the challenging financial implications that have arisen as a result of Brexit, and are therefore delighted to offer the EU Welcome Award to new incoming EU students starting a postgraduate taught Masters programme for Academic Session 2023-24. The scholarship is awarded as a £5,000 tuition fee discount. This discount cannot be combined with another University scholarship.

Erasmus+ Master Degree Loans

Erasmus+ Master Degree Loans are EU-guaranteed loans with favourable pay-back terms. They’re designed to help prospective students finance their Master’s courses in an Erasmus+ Programme country while leaving as little of a lasting economic footprint as possible.

The scheme is designed to provide postgraduate students with the means to pay their tuition and living expenses – thereby allowing individuals to focus on their degree instead of managing their bank balance. The programme aims to be as inclusive as possible, working under the following guidelines:

  • No need for collateral from students or parents - ensuring equality of access
  • Favourable, better-than-market interest rates
  • Pay-back terms that allow graduates up to two years to find work before beginning repayment.

Please visit the Erasmus+ Master Degree Loans website for more information.

University of Glasgow Chancellors Award (Nigeria)

The University of Glasgow has 10 Chancellors Award Scholarships available to Nigerian students starting a postgraduate taught Masters programme in any discipline in academic session 2023-24. The scholarship is awarded as a tuition fee discount.

University of Glasgow African Partners Award

The University of Glasgow is offering up to 15 scholarships for International students, alumni or staff from our partners in Africa, starting a 1 year postgraduate taught Masters programme, in any discipline for academic session 2023/24.  The scholarship is a full tuition fee waiver.

Please see the University of Glasgow Africa Partners List 2023.

University of Glasgow Chancellors Award

The University of Glasgow has 40 Chancellors Award Scholarships available to students from low and middle income countries, starting a 1 year postgraduate taught Masters programme in any discipline, in academic session 2023-24. The scholarship is awarded as a tuition fee discount.

University of Glasgow Caribbean Excellence Award

The University of Glasgow is offering 5 scholarships for International students from the Caribbean, starting a 1 year postgraduate taught Masters programme, in any discipline for academic session 2023/24.  The scholarship is a full tuition fee waiver.

University of Glasgow African Excellence Award

The University of Glasgow is offering up to 15 scholarships for International students from Africa, starting a 1 year postgraduate taught Masters programme, in any discipline for academic session 2023/24.  The scholarship is a full tuition fee waiver.

University of Glasgow Caribbean Partners Award

The University of Glasgow is offering up to 5 scholarships for students, alumni or staff from our partner The University of the West Indies in the Caribbean.  The scholarship is available to International students, starting a 1 year postgraduate taught Masters programme, in any discipline for academic session 2023/24.  The scholarship is a full tuition fee waiver.

Postgraduate Student Loan (Scotland and EU)

Eligible full-time and part-time students, undertaking an eligible postgraduate course, can apply for a tuition fee loan up to a maximum of £5,500 towards their course. Eligible full-time postgraduate students can apply for a living-cost loan of up to £4,500.  

This support extends to online Masters or Postgraduate Diplomas, and not to the online Postgraduate Certificate courses.

For more information visit the SAAS website.

Postgraduate Tuition Fee Loans England only (PTFL)

If you’re an English student looking to study a taught Masters programme in Glasgow then you can apply for a student loan. Students from England are able to apply for a non-means tested Postgraduate Master’s Loan of up to £11,570 to help with course fees and living costs. You have to repay your Postgraduate Master’s Loan at the same time as any other student loans you have. You’ll be charged interest from the day you get the first payment.

If you’re studying by distance learning, you can also apply.

Postgraduate Loans for Welsh Students

If you are a Welsh student looking to study a postgraduate programme* in Glasgow then you can apply for a student loan in exactly the same way as you would for a Welsh University.

* does not apply to Erasmus Mundus programmes

Postgraduate Master's Finance

If you’re starting a full-time or part-time Postgraduate Master’s course (taught or research based) from 1 August 2019, you can apply for Postgraduate Master's Finance and receive up to £17,000 as a combination of grant and loan:

  • a maximum grant of £6,885 and loan of £10,115 if your household income is £18,370 and below
  • a grant of £1,000 and loan of £16,000 if your household income is not taken into account or is above £59,200.

For more information visit Student Finance Wales

Postgraduate Doctoral Loan

If you’re starting a full-time or part-time postgraduate Doctoral course (such as a PhD) from 1 August 2019 you can apply for a Postgraduate Doctoral Loan of up to £25,700.

For more information visit Student Finance Wales

Alumni Discount

In response to the current unprecedented economic climate, the University is offering a 20% discount on all Postgraduate Research and full Postgraduate Taught Masters programmes to its alumni, commencing study in Academic session 2023/24. This includes University of Glasgow graduates and those who have completed a Study Abroad programme or the Erasmus Programme at the University of Glasgow. The discount applies to all full-time, part-time and online programmes. This discount can be awarded alongside most University scholarships.

Postgraduate Access Scholarship

The University of Glasgow is pleased to be offering Postgraduate Access Scholarships to support students who could face financial difficulties in taking up their place to study at the University. Applications are particularly welcomed from applicants who met any of our widening participation criteria, or equivalent, at undergraduate level. The value of each scholarship is £4,000 and they are for students undertaking a one or two year Taught Masters programme. For two year Taught Masters programmes, the scholarship is available in year one only.

Postgraduate Student Loan (NI)

If you are a Northern Irish student looking to study a taught Masters programme* in Glasgow then you can apply for a student loan in exactly the same way as you would for a University in Northern Ireland.

Northern Irish students are able to apply for non-means-tested tuition fee loans of up to £5,500, to help with the costs of funding.

For more information visit www.studentfinanceni.co.uk/types-of-finance/postgraduate .

* does not apply to Erasmus Mundus programmes

Clark (Mile-End) Bursary Fund

The Clark (Mile-End) Bursary Fund is a charitable endowment which was established in 1868 by a Victorian philanthropist by the name of John Clark. He was a thread manufacturer and prominent citizen from Paisley. The fund is now governed by Rules laid down in a 1974 Scheme (as varied with the consent of the Office of the Scottish Charity Regulator in 2013).

Please see the Clark (Mile-End) Bursary Fund for more information.

Sanctuary Scholarships

The University of Glasgow is offering up to 20 Sanctuary Scholarships for applicants to the University who are in the UK on humanitarian grounds and are facing challenges in progressing onto Higher Education. The scholarship is open to prospective undergraduate and postgraduate taught students at the University of Glasgow applying for entry in September 2023/24.

The scholarship will meet the cost of tuition fees for the duration of your programme, for those applicants who are unable to cover full tuition fees through access to public funds by applying to SAAS or Student Finance. The Sanctuary Scholarship also provides a £5,000 per year stipend, to assist with study costs. In addition, if the eligibility criteria for university accommodation is met, this will also be provided for the duration of your degree, if required. For more information on the accommodation criteria, please see the Accommodation Services section on the website.

The Clan Gregor Society Prize

The Clan Gregor Society is offering an award to new entrants to the University of Glasgow who descend from Clan Gregor. Prospective students will be asked to submit an application highlighting areas of consideration such as academic excellence and financial need. The award is open to both Undergraduate and Postgraduate applicants for 2023 entry.

The scholarships above are specific to this programme. For more funding opportunities search the scholarships database

Entry requirements

2.1 Honours degree in Economics, Finance, Computing Science or another subject with a quantitative focus.

All courses in this degree require lots of programming and, while prior programming experience is not necessary, you will be expected to gain advanced programming skills in a short time frame.

Additional documents required when applying for this programme

In addition to the documents listed in 'how to apply', please supply a personal statement detailing:

  • why you have applied for this programme
  • the relevant experience you have to support your application
  • how you think the programme will benefit you in the future

It is compulsory to submit this personal statement along with the rest of your application.

Please note that a research proposal is not required as part of the application process.

Reference

Please note: the reference you supply with your application should be an academic reference.

English language requirements

For applicants whose first language is not English, the University sets a minimum English Language proficiency level.

International English Language Testing System (IELTS) Academic module (not General Training)

  • 6.5 with 2 sub-tests at 6.5 and 2 sub-tests at 6.0.
  • Tests must have been taken within 2 years 5 months of start date. Applicants must meet the overall and subtest requirements using a single test.

Common equivalent English language qualifications

All stated English tests are acceptable for admission to this programme:

TOEFL (ibt, my best or athome)

  • 90 with minimum R 20, L 19, S 19, W 23.
  • Tests must have been taken within 2 years 5 months of start date. Applicants must meet the overall and subtest requirements using a single test, this includes TOEFL mybest.

PTE (Academic or Academic Online)

  • 60 with minimum 59 in all subtests.
  • Tests must have been taken within 2 years 5 months of start date. Applicants must meet the overall and subtest requirements using a single test.

Cambridge Proficiency in English (CPE) and Cambridge Advanced English (CAE) 

  • 176 overall, no subtest less than 169
  • Tests must have been taken within 2 years 5 months of start date. Applicants must meet the overall and subtest requirements using a single test.

Glasgow International College English Language (and other foundation providers)

  • 65%.
  • Tests are accepted for academic year following sitting.

University of Glasgow Pre-sessional courses

  • Tests are accepted for 2 years following date of successful completion.

Alternatives to English Language qualification

  • Degree from majority-English speaking country (as defined by the UKVI including Canada if taught in English)
    • students must have studied for a minimum of 2 years at Undergraduate level, or 9 months at Master's level, and must have complete their degree in that majority-English speaking country and within the last 6 years
  • Undergraduate 2+2 degree from majority-English speaking country (as defined by the UKVI including Canada if taught in English)
    • students must have completed their final two years study in that majority-English speaking country and within the last 6 years

For international students, the Home Office has confirmed that the University can choose to use these tests to make its own assessment of English language ability for visa applications to degree level programmes. The University is also able to accept UKVI approved Secure English Language Tests (SELT) but we do not require a specific UKVI SELT for degree level programmes. We therefore still accept any of the English tests listed for admission to this programme.

Pre-sessional courses

The University of Glasgow accepts evidence of the required language level from the English for Academic Study Unit Pre-sessional courses. We also consider other BALEAP accredited pre-sessional courses:

 

For further information about English language requirements, please contact the Recruitment and International Office using our enquiry form

International students

We are proud of our diverse University community which attracts students and staff from over 140 different countries.

How to apply

To apply for a postgraduate taught degree you must apply online. We cannot accept applications any other way.

Please check you meet the Entry requirements for this programme before you begin your application.

Documents

As part of your online application, you also need to submit the following supporting documents:

  • A copy (or copies) of your official degree certificate(s) (if you have already completed your degree)
  • A copy (or copies) of your official academic transcript(s), showing full details of subjects studied and grades/marks obtained
  • Official English translations of the certificate(s) and transcript(s)
  • One reference letter on headed paper
  • Evidence of your English language ability (if your first language is not English)
  • Any additional documents required for this programme (see Entry requirements for this programme)
  • A copy of the photo page of your passport (Non-EU students only)

You have 42 days to submit your application once you begin the process.

You may save and return to your application as many times as you wish to update information, complete sections or upload supporting documents such as your final transcript or your language test.

For more information about submitting documents or other topics related to applying to a postgraduate taught programme, check Frequently Asked Questions

Guidance notes for using the online application

These notes are intended to help you complete the online application form accurately; they are also available within the help section of the online application form. 

If you experience any difficulties accessing the online application then you should visit the Application Troubleshooting/FAQs page.

  • Name and Date of birth: must appear exactly as they do on your passport. Please take time to check the spelling and lay-out.
  • Contact Details: Correspondence address. All contact relevant to your application will be sent to this address including the offer letter(s). If your address changes, please contact us as soon as possible.
  • Choice of course: Please select carefully the course you want to study. As your application will be sent to the admissions committee for each course you select it is important to consider at this stage why you are interested in the course and that it is reflected in your application.
  • Proposed date of entry: Please state your preferred start date including the month and the year. Taught masters degrees tend to begin in September. Research degrees may start in any month.
  • Education and Qualifications: Please complete this section as fully as possible indicating any relevant Higher Education qualifications starting with the most recent. Complete the name of the Institution (s) as it appears on the degree certificate or transcript.
  • English Language Proficiency: Please state the date of any English language test taken (or to be taken) and the award date (or expected award date if known).
  • Employment and Experience: Please complete this section as fully as possible with all employments relevant to your course. Additional details may be attached in your personal statement/proposal where appropriate.

Reference: Please provide one reference. This should typically be an academic reference but in cases where this is not possible then a reference from a current employer may be accepted instead. Certain programmes, such as the MBA programme, may also accept an employer reference. If you already have a copy of a reference on letter headed paper then please upload this to your application. If you do not already have a reference to upload then please enter your referee’s name and contact details on the online application and we will contact your referee directly.

Application deadlines

International applicants

As there is extremely high demand for places on this degree programme, the University has established an application process with six application rounds which recognises that different geographical areas complete and submit their applications at different times of the year. This process aims to ensure fairness and equity to applicants from all geographic regions.

Round 1 application dates

1 October to 17 November 2022. All international applications submitted by 15 November 2022 will be reviewed with no priority given to any geographic region. You will receive our decision on your application by 21 January 2023.

Round 2 application dates

18 November to 15 December 2022.

All international applications submitted by 15 December 2022 will be reviewed with no priority given to any geographic region. You will receive our decision on your application by 25 March 2023.

Round 3 application dates

16 December 2022 to 1 February 2023. Priority will be given to under-represented geographic regions. You will receive our decision on your application by 22 April 2023.

Round 4 application dates

2 February to 1 April 2023. Priority will be given to under-represented geographic regions. You will receive our decision on your application by 3 June 2023.

Round 5 application dates

2 April to 7 May 2023. Priority will be given to under-represented geographic regions. You will receive our decision on your application by 1 July 2023.

Round 6 application dates

8 May to 15th June 2023. Priority will be given to under-represented geographic regions. You will receive our decision on your application by 5 August 2023.

All international applications submitted by 15 December 2022 (application rounds 1 and 2) will be reviewed and processed normally with no priority given to any geographic region. From 16 December 2022, priority will be given to applications from geographic areas which have been unable to submit applications before that point.

As we receive a great number of applications, prospective students are only allowed to apply once per year.

UK applicants

  • 17 August 2023
Apply now

We are aware that there have been some issues with our Application System and Applicant Self-Service, and these systems have been intermittently unavailable. Our systems are currently online and available. We apologise for any inconvenience and would like to reassure you that no applicant will be disadvantaged as a result of these issues.

Graduate Award