University of Cambridge MPhil Finance and Economics

What is University of Cambridge MPhil Finance and Economics?

MPhil Finance and Economics is a full-time 9 months Cambridge master’s in microeconomics, macroeconomics, econometrics and the economics of finance. The 2027 overseas tuition is GBP 46,128, about INR 58.91 lakh at the reference rate. Its main comparison points are the short teaching period, exact entry rule and assessed output.

This degree is for students with an undergraduate degree in economics. It is an intensive course combining advanced study and research which places particular emphasis on economic coverage of financial themes and is tailored for people with one year or less of work experience. Students undertaking the course might be expected to go on to work in a number of sectors, such as the financial sector, banking sector, research institutions, or consultancies. The MPhil in Finance and Economics is a one-year master’s degree that runs from early October to late June with a preparatory course during September. It is an intensive course combining advanced study and research, tailored for people with one year or less of work experience who intend to go on to work for the industry. It places particular emphasis on economic coverage of financial themes, beginning from the institutional background, moving on to careful consideration of how observed institutions should be modelled, and ending by relating existing models to data and discussing how these models should be improved when they do not fit the data.

Students are strongly encouraged to attend the online preparatory course in Mathematics and Statistics in September. Each student will take 6 compulsory modules and 2 optional modules. The modules are a mixture of 18 or 27 hours of lectures. Requirements. Take two optional modules, only one of which may be taken from the options from the MPhil in Economics.

Within Faculty of Economics, the MPhil route is completed in 9 months. Its inspectable academic result includes six core papers and selected option examinations without a dissertation. That’s the useful basis for comparing this course with another master’s, rather than the institution name alone.

How much does Cambridge MPhil Finance and Economics cost for an Indian student?

The planning total is GBP 62,902 plus INR 74,857, approximately INR 81.08 lakh. It combines GBP 46,128 overseas tuition, GBP 15,525 maintenance for 9 months, an application allowance, the Student visa charge from India and a conservative immigration health surcharge allowance.

The IHS row is a conservative planning allowance. The amount charged follows the exact visa permission dates, so the application system can calculate a different billed period. GBP items use GBP 1 = INR 127.7043, the Bank of England daily spot rate published for 4 September 2026.

Tuition is the course-specific overseas University Composition Fee for 2027. The central data record gives GBP 46,128 for MPhil Finance and Economics; a home fee displayed elsewhere does not apply to the Indian applicant model.

Maintenance uses the University’s published GBP 15,525 estimate for 9 months. The UK visa evidence floor outside London is a separate legal minimum and isn’t added again because it represents the same living money.

Flights, a housing deposit, laptop replacement, optional travel and exchange-rate movement remain outside the total. Paid work can provide experience, but this budget does not assign it a start date or dependable income.

UK guidance states the post-study duration directly.

“If you apply on or after 1 January 2027, your Graduate visa will last for 18 months.”UK Government, Graduate visa

The route is not included as income in this cost plan.

What are the Cambridge MPhil Finance and Economics entry requirements?

Cambridge publishes high ii.i honours degree for MPhil Finance and Economics, alongside a separate subject-preparation rule. Indian applicants should map relevant transcript modules and assessed work to microeconomics, then meet IELTS Academic 7.5 overall, with component thresholds from 7.0. Administrative completeness cannot compensate for an academic mismatch.

The formal academic threshold is high ii.i honours degree. The subject condition adds this evidence. Please read the Faculty’s Entry Requirements and How to Apply pages before applying for this course. The Faculty of Economics has high academic requirements and a large number of applicants that meet them. Applicants should have attained or expect to attain a high upper second-class undergraduate (or country equivalent) qualification in Economics. The degree should include standard courses in intermediate-level Microeconomics, Macroeconomics and Econometrics (a Business Studies, Accountancy or Management degree or qualification does not provide an adequate background). If you do not meet the criteria listed below, it is unlikely you will be offered a place. Applicants from UK universities. an undergraduate degree with a minimum of a high 2.1 (average grade over 68%). Applicants from North American institutions. an undergraduate degree with a GPA of at least 3.6 out of 4 or the equivalent. Applicants from other educational systems. an undergraduate degree (or country equivalent) where the applicant is within the top ten per cent of their reference group. Applicants whose previous university training has been in countries outside the UK or part of the University of London International Programme MUST submit the results of a recent GRE test. Please note that failure to upload a GRE Test (if required) will result in the automatic withdrawal of the application. For more information, please see the Faculty’s website here or contact us via email. In addition, applicants are strongly encouraged to include supporting information of their ranking within each academic year. An Indian transcript map should retain original module names, marks and credit values, supported by detailed syllabi where the title alone is unclear.

For this course, the published English position is IELTS Academic 7.5 overall, with component thresholds from 7.0. The application file also has to answer the programme prompt. Please upload details of the microeconomics, macroeconomics, econometrics and mathematical courses you have taken/will be taking in your current and previous degrees. That answer should draw on assessed or professional evidence related to microeconomics, within the exact limit shown in the portal.

A separate course screen also applies. Applicants whose previous university study was in India must submit the GRE General Test alongside detailed economics and mathematics preparation. This evidence belongs beside the transcript and written answers because it changes whether the application is complete.

What can block a MPhil Finance and Economics application

1. The academic rule is course-specific

   The University of Cambridge 2027 course record states this subject position. Please read the Faculty’s Entry Requirements and How to Apply pages before applying for this course. The Faculty of Economics has high academic requirements and a large number of applicants that meet them. Applicants should have attained or expect to attain a high upper second-class undergraduate (or country equivalent) qualification in Economics. The degree should include standard courses in intermediate-level Microeconomics, Macroeconomics and Econometrics (a Business Studies, Accountancy or Management degree or qualification does not provide an adequate background). If you do not meet the criteria listed below, it is unlikely you will be o Use the original transcript and syllabus to answer that rule.

2. The reputation cannot replace fit

   A complete file still fails when prior evidence does not support microeconomics or the published academic standard. Resolve that issue before references and fees are committed.

How should an Indian student apply for Cambridge MPhil Finance and Economics?

Build the MPhil Finance and Economics application backwards from 8 December 2026, the published Cambridge funding deadline for the 2027 cycle. A later course closing date may exist, but an applicant seeking central funding needs references, academic records, written answers and payment complete by the earlier date.

Apply in the University Applicant Portal. The central funding deadline is the safe working date; a programme may publish a later final closing date.

The allowances are Nbyula planning estimates, not processing times published by University of Cambridge.

The sequence begins with eligibility, not document collection. Verify the published academic standard and the applicant’s preparation in microeconomics before asking referees to support MPhil Finance and Economics.

Cambridge references are submitted by referees, so a last-day form can still be incomplete. Allow at least three months for the full sequence, with an internal deadline that leaves room for reference delivery, payment problems and a final review of every uploaded record.

The 2027 central data was open for publication but the public directory still displayed the closing 2026 cycle when checked on 8 September 2026. This page therefore uses the verified 2027 funding deadline and names it accurately rather than inventing a later course deadline.

The final course deadline is 2 February 2027, but the 8 December funding date remains the safer working target.

What can follow Cambridge MPhil Finance and Economics?

The course supports directions in economic research, central banking, finance, consulting and doctoral study. Its evidence comes from published assessed work, not a guaranteed job. Cambridge does not publish an audited programme-level salary distribution that would justify a personal pay forecast for an individual graduate.

The Graduate visa is an immigration route, not a placement outcome. For applications made from 1 January 2027, current UK guidance gives 18 months for most graduates.

On completion of the MPhil degree students should have. Acquired advanced technical training in microeconomics and econometrics. Acquired a solid grounding in the principles and practice of financial markets and developed an understanding of the tools necessary to make good financial decisions. Begun to acquire independent research skills and experience of putting them into practice. Acquired experience in preparing written work to a strict timetable. Acquired sufficient knowledge and understanding of advanced economics to proceed to a career as a professional economist in industry or to a research degree.

The programme-to-career argument starts with the published assessment. That work can support applications in economic research, central banking, finance, consulting and doctoral study, provided the graduate can identify personal methods, decisions and results. These directions come from course content and don’t reserve a vacancy for Cambridge graduates.

Further study after MPhil Finance and Economics still depends on the next institution’s research, supervision and admissions decision. The microeconomics preparation can strengthen a proposal, but the master’s award does not create automatic doctoral entry.

Who is Cambridge MPhil Finance and Economics for, and who should avoid it?

A strong fit combines the published academic standard, demonstrable preparation in microeconomics, suitable English evidence and enough money for the full 9 months. A weak fit relies on reputation to compensate for missing subject depth or rejects the programme’s main assessed output.

A credible MPhil Finance and Economics candidate can point to prior modules, assessed projects or professional work that already supports microeconomics. The candidate also wants the methods and outputs described in the official teaching record, rather than using Cambridge as a substitute for a defined study objective.

The clearest mismatch follows the programme’s own constraint. The microeconomics preparation and assessment pattern must already suit the candidate. A different course may be better when it supplies missing foundations, gives more time for professional experience or leads to a more relevant final output.

Affordability completes this course decision. The 9 months plan reaches INR 81.08 lakh before flights and deposits. A confirmed award can reduce that amount, but an unconfirmed scholarship, part-time wages or an assumed graduate salary should not be used to make the initial funding case balance.

Should an Indian applicant shortlist Cambridge MPhil Finance and Economics?

Shortlist MPhil Finance and Economics when the prior degree clearly supports microeconomics and the applicant wants its published assessment pattern. The defensible reason is the course design and its inspectable work, not a promised salary, placement rate or the university name by itself.

The course earns a serious shortlist through its microeconomics design. Its assessed work can support later applications, but it can't turn a Cambridge place into a guaranteed employment outcome.

The main reason to say no is programme-specific. The programme is economics-led rather than a professional finance conversion. It expects substantial prior economics and mathematical preparation. A complete administrative file does not repair that mismatch.

Sources

These sources support the programme, admission, cost, experience and immigration information used on this page.

Sources checked on September 8, 2026. The next intake covered here is Michaelmas 2027; funding deadline 8 December 2026.