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25 Master in Economics Scholarships for International Students in 2023/24

Written by Michael Nz. on February 28, 2023

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We have compiled a list of the top 25 fully-funded scholarships for international students who want to pursue a master’s degree in economics. This is in response to the increasing demand for individuals with advanced degrees, especially in highly-marketable fields like Business Administration and Economics.

With the evolution of the world, a bachelor’s degree is not ideally enough. That is, you must have a master’s degree in economics to meet the trend.

Studying Economics abroad can be an enriching and rewarding experience for students who are looking to broaden their academic and cultural horizons. Pursuing a Master’s in Economics abroad can offer students the opportunity to learn from leading scholars in the field, access cutting-edge research and facilities, and gain exposure to different economic systems and approaches.

Here are some of the benefits of studying Economics abroad:

  1. Exposure to different economic systems and approaches: Studying Economics abroad can expose students to different economic systems and approaches. For example, studying Economics in a developing country can provide students with a unique perspective on economic development and the challenges that developing economies face.
  2. Access to leading scholars and research facilities: Many universities abroad have world-renowned scholars in the field of Economics and offer state-of-the-art research facilities. Studying Economics at such institutions can give students the opportunity to learn from and work with some of the leading scholars in the field.
  3. Cultural enrichment: Studying Economics abroad can provide students with the opportunity to immerse themselves in a new culture and gain a broader perspective on the world. This can be an invaluable experience for personal and professional growth.
  4. Networking opportunities: Studying Economics abroad can provide students with the opportunity to build a global network of contacts in the field. This can be particularly useful for students who are interested in pursuing a career in international economics or economic development.
  5. Language skills: Studying Economics abroad can offer students the opportunity to learn a new language or improve their language skills. This can be particularly valuable for students who are interested in pursuing a career in international economics or working for a multinational organization.

However, studying Economics abroad also has some challenges. These include language barriers, cultural differences, and the higher cost of tuition and living expenses. Students who are considering studying Economics abroad should research the different universities and countries they are interested in, and carefully consider the costs and benefits before making a decision.

25 Master in Economics Scholarships for International Students

Here is a list of 25 Master in Economics Scholarships for International Students:

  • VLIR-UOS Scholarships for training and master’s degrees
  • British Chevening Scholarships
  • Radboud Scholarship Program for International Students
  • Dutch Scholarship for Non-EEA International Students
  • ETH Zurich Excellence Masters Scholarships
  • AAUW International Fellowships in the United States for Women
  • UNIL Scholarships in Switzerland for Foreign Students
  • DAAD Scholarships in Germany for Development-Related Postgraduate Courses
  • OFID Scholarship Award for International Students
  • Amsterdam Excellence Scholarships
  • Bradford University Global Development Scholarships
  • Westminster International Scholarships
  • Chalmers IPOET Scholarships for International Students
  • Bocconi Merit and International Awards.
  • Japan World Bank Joint Graduate Scholarship Program
  • Commonwealth Shared Scholarship Scheme at UK Universities
  • Emile Boutmy Scholarships for Non-EU Students at Sciences Po Paris, France
  • Civil Society Leadership Awards
  • Swedish Institute Study Scholarships
  • UEA International Development Scholarships for International Students
  • Eiffel Scholarships in France for International Students
  • VU Amsterdam Scholarship Program for International Students
  • Utrecht Excellence Scholarships for International Students
  • Australia awards scholarships
  • Heinrich Boll Scholarships in Germany for International Students
  1. VLIR-UOS Scholarships for Training and Master’s Degrees – this program offers scholarships to students from selected developing countries in Asia, Africa, and Latin America who want to pursue a development-related Master’s or training program at any university in Belgium. The scholarship covers tuition fees, accommodation, travel costs, and other related expenses.
  2. British Chevening Scholarships – this scholarship is awarded to outstanding academics with leadership potential who wish to pursue a one-year Master’s program in the UK. It covers tuition fees, a living allowance, airfare to and from the UK, and additional grants to cover essential expenses.
  3. Radboud Scholarship Program for International Students – this scholarship is available to international students pursuing a Master’s program taught in English at Radboud University. It covers tuition fees, visas, residence permits, and insurance.
  4. Dutch Scholarship for Non-EEA International Students – this scholarship is available to international students pursuing bachelor’s or Master’s degree programs at Dutch research universities and universities of applied sciences. It provides a one-time grant of 5,000 euros for one year.
  5. ETH Zurich Excellence Masters Scholarships – this scholarship is available to students at ETH Zurich in Switzerland who want to pursue a Master’s program. It covers tuition fees and provides a partial stipend of CHF 6,000 per semester for living and study expenses.
  6. AAUW International Fellowships in the United States for Women – this scholarship is available to international women who want to pursue a Master’s, doctoral, or post-doctoral program at any institution of higher education in the US. It provides a grant of $18,000.
  7. UNIL Scholarships in Switzerland for Foreign Students – this scholarship is available to international students at the University of Lausanne in Switzerland. It provides a monthly allowance of CHF 1,600 for ten months a year throughout the duration of the program.
  8. DAAD Scholarships in Germany for Development-Related Postgraduate Courses – this scholarship is available for Master’s and Ph.D. programs. It provides a monthly stipend of 750 euros, health, accident, and personal liability insurance coverage, travel allowance, and other related expenses.
  9. OFID Scholarship Award for International Students – this scholarship is available to international students from all over the world. It covers tuition fees, round-trip airfare to the home country and school, and additional fees and costs.
  10. Amsterdam Excellence Scholarships – this scholarship is available to international students who want to pursue a Master’s program at the University of Amsterdam. It covers tuition fees and provides a stipend of up to 25,000 euros for living expenses.
  11. Bradford University Global Development Scholarships – this scholarship is available to international students who want to pursue a Master’s program in Development and Peace Studies at the University of Bradford. It provides a full tuition fee scholarship and a stipend for living expenses.
  12. Westminster International Scholarships – this scholarship is available to international students who want to pursue a Master’s program at the University of Westminster. It covers full tuition fees, accommodation, living expenses, and airfare to and from London.
  13. Chalmers IPOET Scholarships for International Students – this scholarship is available to international students who want to pursue a Master’s program at Chalmers University of Technology in Sweden. It covers full tuition fees and provides a stipend for living expenses.

Here is more list of international scholarships along with their eligibility criteria, benefits, and links to apply:

#1 Heinrich Boll Scholarships in Germany for International Students – This scholarship is available to international students pursuing their Master’s or Ph.D. degree at any university in Germany. The scholarship covers a monthly stipend of 850 euros for Master’s students and a tuition waiver for the duration of the studies.

Scholarship link: https://www.boell.de/en/scholarships-application

#2 Australia Awards Scholarships – This scholarship is available to international students pursuing their Bachelor’s, Master, or Ph.D. program at any Australian institution. The scholarship covers full tuition fees, return airfare, establishment allowance, insurance, and other additional fees.

Scholarship Link: https://www.dfat.gov.au/people-to-people/australia-awards/Pages/australia-awards-scholarships.aspx

#3 Utrecht Excellence Scholarships for International Students – This scholarship is available to international students pursuing their Master’s degree at the University of Utrecht, the Netherlands. The scholarship covers tuition fees and/or a living allowance of 11,000 euros.

Scholarship link: http://www.uu.nl/masters/en/general-information/international-students/financial-matters/grants-and-scholarships/utrecht-excellence-scholarships

#4 VU Amsterdam Scholarship Program for International Students – This scholarship is available to students of the Vrije Universiteit Amsterdam in the Netherlands pursuing their Master’s program. The scholarship covers full tuition fees, but there is no additional coverage of expenses.

Scholarship Link: https://masters.vu.nl/en/international/scholarships/index.aspx

#5 Eiffel Scholarships in France for International Students – This scholarship is available to international students pursuing their studies at French universities. The scholarship covers a monthly allowance, maintenance allowance, and stipend for the duration of the studies.

Scholarship link: http://www.campusfrance.org/en/eiffel

#6 UEA International Development Scholarships for International Students – This scholarship is available to international students pursuing their Master’s degree at the School of International Development and the University of East Anglia in the UK. The scholarship covers a full-rate award.

Scholarship link: http://www.uea.ac.uk/international-development/scholarships-and-funding/scholarships-international-students

#7 Swedish Institute Study Scholarships – This scholarship is available to international students who wish to pursue a Master’s program at any Swedish university. The scholarship covers tuition fees, a stipend, insurance, and a one-time travel grant.

Scholarship Link: https://eng.si.se/areas-of-operation/scholarships-and-grants/the-swedish-institute-study-scholarships/

#8 Civil Society Leadership Awards – This scholarship provides a fully funded Master’s study to students who demonstrate academic excellence and a commitment to lead positive social change in their communities. The scholarship covers tuition fees, a living stipend, insurance, housing, and other fees.

Scholarship Link: https://www.opensocietyfoundations.org/grants/civil-society-leadership-award-20160708

#9 Bocconi Merit and International Awards: This scholarship is available to international students pursuing their Master’s degree and is worth €13,000 per year for each year of study.

Scholarship Link: https://www.unibocconi.eu/wps/wcm/connect/bocconi/sitopubblico_en/navigation+tree/home/campus+and+services/services/student+assistance/bocconi+international+award

#10 Japan World Bank Joint Graduate Scholarship Program: The scholarship is available to international students from developing countries at any international university. The scholarship provides tuition, a monthly living stipend, round-trip airfare, health insurance, and a travel allowance.

Scholarship Link: http://www.worldbank.org/en/programs/scholarships

#11 Commonwealth Shared Scholarship Scheme at UK Universities: It offers a UK Teachers Scholarship to students from developing countries. The scholarship covers tuition, examination fees, round-trip airfare, a stipend, an outerwear allowance, a study tour grant, and an excess baggage allowance.

Scholarship Link: http://cscuk.dfid.gov.uk/apply/shared-scholarships/

#12 Emile Boutmy Scholarships for Non-EU Students at Sciences Po Paris, France: This scholarship is available for international students at Science Po University. It covers a grant of €10,000 per year to cover tuition fees for the Master’s years or a scholarship of €5,000 per year for the two years of the Master’s

Master in Economics is a highly sought-after degree that prepares students for a wide range of careers in the private and public sectors. However, the cost of pursuing a Master’s in Economics can be a major challenge for many students, particularly international students who often face higher tuition fees.

Fortunately, there are many scholarship opportunities available for international students who want to pursue a Master’s in Economics. These scholarships can cover tuition fees, living expenses, and other educational costs, making it easier for students to achieve their academic and career goals.

Here are some additional scholarships that international students can consider applying for when pursuing a Master’s in Economics:

  1. Joint Japan World Bank Graduate Scholarship Program: This scholarship provides funding for students from developing countries to pursue a Master’s in Economics or a related field at a university in the United States, Europe, or Japan.
  2. Fulbright Foreign Student Program: This program offers scholarships for international students to pursue a Master’s in Economics at a university in the United States.
  3. The DAAD Scholarship: This scholarship provides funding for international students to pursue a Master’s in Economics or a related field at a university in Germany.
  4. The Gates Cambridge Scholarship: This scholarship offers full funding for international students to pursue a Master’s in Economics or a related field at the University of Cambridge in the United Kingdom.
  5. The Erasmus Mundus Joint Master Degree (EMJMD): This program offers scholarships for international students to pursue a Master’s in Economics or a related field at a consortium of universities across Europe.
  6. The Chevening Scholarship: This scholarship provides funding for international students to pursue a Master’s in Economics or a related field at a university in the United Kingdom.
  7. The Rotary Peace Fellowship: This fellowship provides funding for international students to pursue a Master’s in Economics or a related field at a university in the United States.
  8. The Commonwealth Scholarship: This scholarship offers full funding for students from Commonwealth countries to pursue a Master’s in Economics or a related field at a university in the United Kingdom.

In conclusion, pursuing a Master’s in Economics can be an expensive endeavor, particularly for international students. However, the availability of scholarships can make this academic journey more affordable and accessible. By researching and applying to the various scholarship opportunities available, international students can achieve their academic and career goals without incurring an excessive amount of debt.

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