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Study Master in Economics in Malaysia: A Complete Guide

By Shahd Ashraf | Updated 11 hours ago | 14 min read
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If you're considering pursuing a Master in Economics, Malaysia should be on your radar! Here’s why Malaysia could be your next ideal destination…

You’ll find yourself studying in a vibrant, multicultural country that hosts  globally recognized universities, affordable tuition fees, and a growing economic landscape.

Whether you're aiming to become an influential policymaker, an academic expert, or a leader in the financial sector, Malaysia offers a unique combination of academic and practical insights.

Let’s dive deeper into what makes pursuing a Master in Economics in Malaysia a smart choice.

Study Master in Economics in Malaysia in Malaysia

Master in Economics in Malaysia (4)

In Malaysia, both private and public universities provide master in economic programs. 

While the course content, structure, and teaching methods vary depending on the type of institution, here’s a general breakdown of the fees and duration for an Master in Economics in Malaysia:

Master in Economics in Malaysia 

Tuition Fees per Semester (USD)

Duration

Course Type

Private University 

1,120 - 14,675

2-4 semesters

Coursework

Public University 

1,275 - 3,175 

3-4 semesters

Coursework

Top Universities to Study Master in Economics in Malaysia 

Malaysia stands out as a prime destination for Master in Economics studies, with top universities offering programs that integrate academic excellence with real-world business insights. 

Below is a list of some of the leading institutions where you can pursue a Master in Economics in Malaysia:

University*

Global Ranking

Total Tuition Fees*

(USD)

Discount Availability*

Asia Pacific University (APU)

#611-620

9,700

Up to 30% depends on the nationality

Universiti Sains Malaysia (USM)

#146

5,100

n/a

University of Nottingham 

#108

14,675

n/a

International Islamic University Malaysia (IIUM) 

#611-670

6,780

n/a

* Click the university’s name in the table for course details.

* Tuition fees listed  are for Master degrees. Fees are calculated as per 4.0 exchange rate.

* Discount availability is based on nationality and academic performance. For more details you may contact our educational consultants. Details on how to connect with us at the end of the article. 

Program Structure for Master in Economics in Malaysia

Master in Economics in Malaysia (2)

An Master in Economics in Malaysia program in Malaysia generally lasts for about two semesters, offering a well-rounded curriculum designed to build a strong understanding of finance concepts and practices. 

While the structure of the degree can vary across institutions, the subjects are consistent across the programs. 

Key subjects typically covered in Master in Economics in Malaysia courses in Malaysia include:

Type of Subject

Areas Covered 

Core Subjects

Microeconomics Analysis

Macroeconomics Analysis

Quantitative Methods in Economics

Econometrics

Corporate Finance

Elective Subjects 

International Economics

Development Economics

Islamic Economics

Public Sector Economics

Environmental Economics

Big Data Across Verticals and Domains

Career Prospects for Master in Economics in Malaysia Graduates 

One feature that makes this program stand out is that it is versatile. Graduates aren’t limited to traditional economics fields, they can succeed in diverse areas like business strategy, international trade, and even entrepreneurship. 

Whether you're drawn to roles such as Economic Analyst, Financial Consultant, Policy Advisor, Researcher, or Data Analyst, this degree equips you with the skills to thrive.

Here are some career opportunities you can explore with a Master in Economics in Malaysia:.

  1. Economic Analyst

  2. Financial Consultant/Advisor

  3. Policy Advisor

  4. Data Analyst

  5. Investment Analyst

  6. Banking and Financial Officer

  7. International Trade Specialist

  8. Public Sector Economist

  9. Risk Analyst

  10. Market Research Analyst

  11. Entrepreneur in Economic Consultancy

Top Destinations to Study Master in Economics: A Comparison

Selecting the right destination to study for a Master in Economics degree can feel overwhelming, as you will need to consider factors like cost of living, duration of programme, and quality of education in the country.

To make this decision easier, we’ve compared some of the top destinations offering Master in Economics in Malaysia programs, helping you find the perfect match for your ambitions and interests.

Destination

Duration

Highest University Ranking

Tuition Fees per Year

(in USD)

Average Living Cost per Year

(in USD)

Malaysia

1-2 years

60th

1,120 - 14,675

5,550

UK

1-2 years

2nd 

10,830 - 52,900

9,538

Australia

1-2 years

13th 

15,660 - 31,320

14,557

US

1-2 years

1st

13,800 - 57,600

13,250 

 

YourUni Educational Consultancy Experts Choice

At YourUni Educational Consultancy, we take pride in our extensive experience, having successfully placed over 2,000 students into top Malaysian universities. 

By reviewing student feedback and analyzing industry trends, we've identified the leading institutions offering excellent Master in Economics in Malaysia. 

These universities not only provide high-quality education but also offer valuable industry connections and hands-on training that are crucial for business students.

  • Asia Pacific University (APU): APU stands out for its emphasis on practical, industry-relevant learning. The university integrates real-world applications into its academic programs.

  • International Islamic University Malaysia (IIUM): IIUM is globally recognized for its expertise in Islamic finance and economics. Its programs integrate modern economic theories with Islamic principles.

  • Universiti Sains Malaysia (USM): USM is one of Malaysia’s most prestigious universities, known for its high global rankings and strong emphasis on research.

Apply to Study Master in Economics in Malaysia in Malaysia

You have two straightforward options for applying to study Master in Economics in Malaysia in Malaysia. 

The first is to apply directly through the university's official website. This method allows you to manage your own application personally.

Alternatively, you can apply through YourUni Educational Consultancy, where we act as your personal representative. 

Our experienced and dedicated team will simplify the process for you, offering step-by-step assistance in selecting the best university based on your preferences, needs, and career goals. 

We'll guide you through the entire application process—from preparing your documents to submitting your application, handling your visa, arranging accommodation in Malaysia and even picking you up in the airport when you arrive.

Get in touch with our team now for free consultation and advice!

Written by Shahd Ashraf
Updated 11 hours ago | min read

Shahd Ashraf is a reader, a writer, an English teacher, and a lover of classical language. Her passion for language began when she joined a poetry club in college. Shahd’s writing extends beyond words and yearns to connect with the reader on a meaningful level.

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