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Malaysia: Subject Guides

Masters of Economics in Malaysia

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Why Malaysia?

Malaysia has proven itself as the Educational centre of South-East Asia by providing students with an ideal platform for personal and professional development. Students in Malaysia have access to plenty of opportunities to be a part of fast growing economy, leaving them with skills that are valued by employers worldwide. This has been possible by the efforts of Education Malaysia which is very keen on firmly regulating and maintaining a high standard of educational institutes in the country.

Having rich culture, beautiful landscapes and world class academic institutes like Monash and HELP University, it is no surprise that Malaysia is home to over 200,000 students at post-graduate level alone. This also reflects the global attention and recognition the destination has earned from its academic and professional institutions. Malaysian universities have further made their mark in the contemporary education by forming associations with universities in the UK like Nottingham University to provide its students the experience that will benefit them no matter where in the world they go after completion of their education.

Why Masters in Economics?

Considering a Masters in Economics is a good move for students who are hoping to gain specialized skills that are valued by employers across a wide range of fields. The degree will leave you with high competence in numerical, analytical and critical aspects of academics and the economy, making you a suitable fit for various jobs. Many students who pursue a degree in Masters of Economics have previously studied Economics before and are motivated due to their interest in the subject and high demand in the job market. While, the public sector is hub of Economics based jobs by providing vacancies in policy making, economic analysis, reporting and institutional development, the private sector also recruits Economists as analysts, associates and advisors. The degree also puts you in a good stand point for career development by seeking positions up the hierarchy.

Course and Fee Structure

MSc. Economics in Malaysia usually lasts up to two years, with two semesters each year. This time frame can further be increased if you choose to pursue research and extend your degree into M. Phil or PhD. Many universities will give you the opportunity to specialize in a certain major by studying relevant modules and focusing your dissertation on one field of Economics like Development or Financial Economics. While studying towards your Masters degree, you will be assessed by coursework, tests, exams, dissertation and presentations in specialties like statistics, quantitative research, econometrics, financial markets, micro and macro economics. By the end of two years you would have studied a vast amount of theory and numerical content to be able to analyze and view things in a systematic manner.

The fees for each of the course can vary depending on the course and university you choose. Masters degree’s annual fee can range anywhere from 3000 RM. The fees should be listed on the course description provided by the institution. You can also fund your expenditures by getting a part-time job and applying for scholarships.

Entry Requirements

You must have completed a Bachelors degree in a Quantitative or Economics related subject to be able to meet the academic criteria. The degree could have been achieved in Malaysia or elsewhere in the world with a reasonable grade of 2.1 or higher. As the Economics degree requires you to be numerically capable, you will need to have significant amount of relevant content in your first degree or A-Levels Mathematics.

You will also be required to provide evidence for English Language by taking the IELTS or TOEFL exam. Most courses require for you to have achieved 6.0 or more bands out of 9.0 in IELTS. The exact entry requirements for the course can be found out by sending a query to the university or by browsing through our courses database. The application process will also require you to write a personal statement or research proposal.

To look up scholarship opportunities in Malaysia, click here. Also, our editor reveals the recipe of making a successful scholarship application, here.

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