Study Abroad After BA Economics in 2026: Admission Guide & Scholarships

Before Admission

1. Identify your goals

Decide whether you want to pursue an MA/ MSc in Economics, Public Policy, Finance, or related fields. Research countries offering strong economics programs (USA, UK, Canada, Germany, Australia).

2. Shortlist universities

Compare universities based on QS/ Times rankings, specialization, tuition fees, research facilities, faculty, and scholarships.

3. Check eligibility criteria

Ensure your BA Economics degree meets entry requirements — usually a minimum GPA of 3.0/4.0 or 60–65% in Indian terms.

4. Prepare for entrance exams

Take required tests: GRE (for US), IELTS/ TOEFL (for English proficiency), GMAT (if applying for management-related programs).

5. Gather academic documents

Collect transcripts, degree certificates, mark sheets, and letters of recommendation from professors.

6. Draft SOP and CV

Write a strong Statement of Purpose and academic CV highlighting research interests, achievements, and future goals.

7. Apply for scholarships

Explore options like Chevening (UK), DAAD (Germany), Fulbright (US), Erasmus Mundus (EU), or university-specific funding.

During Admission Process

8. Submit applications

Apply via university portals or centralized systems (UCAS for the UK, DAAD for Germany, CommonApp for US grad schools).

9. Attend interviews (if required)

Some top universities (like LSE or Oxford) may conduct interviews or written assessments.

10. Receive offer letters

Review conditional or unconditional offers and respond within the given deadline.

11. Apply for a student visa

Complete the visa application, pay SEVIS (US) or visa fees, and attend a visa interview if required.

After Admission

12. Arrange finances

Pay tuition deposits, arrange education loans or scholarships, and open an international bank account.

13. Book accommodation

Apply for university housing or private accommodation near campus.

14. Attend pre-departure sessions

Join orientation programs offered by universities or agencies for cultural and academic readiness.

15. Travel and settle abroad

Fly to your destination, complete university registration, and apply for a residence permit (if applicable).

16. Explore internships/research

During your course, engage in assistantships, internships, or research projects to strengthen employability.

Fulbright-Nehru Master’s Fellowship

USA

Indian citizens with a strong academic record (≥55% in bachelor’s), leadership qualities, and work/research experience.

Full tuition, living allowance, airfare, and health insurance.

Feb–June (previous year)

Chevening Scholarship

UK

Bachelor’s degree, minimum 2 years’ work experience, and leadership potential.

Full tuition, living stipend, airfare, and visa costs.

Aug–Nov (previous year)

Commonwealth Shared Scholarship

UK

From eligible Commonwealth countries, a strong academic background, and financial need.

Tuition fees, airfare, living allowance, thesis, and study travel grant.

Sep–Dec (previous year)

Inlaks Shivdasani Foundation Scholarship

USA, UK, Europe

Indian citizens under 30, excellent academic records and admission to top-ranked universities.

Tuition up to USD 100,000 and living expenses.

Jan–Apr (year of admission)

Erasmus Mundus Joint Master’s Scholarship

Europe (multiple universities)

Bachelor’s degree, good academic record, and English proficiency (IELTS/TOEFL).

Full tuition, monthly stipend (~€1,000), travel & installation costs.

Oct–Jan (year before start)

DAAD EPOS Scholarship

Germany

Bachelor’s degree with ≥2 years’ experience in economics, development, or related field.

Full tuition (public universities often offer free), a monthly stipend, airfare, and health insurance.

Aug–Oct (previous year)

Australia Awards Scholarship

Australia

Bachelor’s degree, academic excellence, leadership potential, and commitment to return to the home country.

Tuition, living expenses, airfare, health insurance, and establishment allowance.

Feb–Apr (previous year)

Vanier Canada Graduate Scholarship (VCGS)

Canada

High academic excellence (first-class average), research proposal, and leadership ability.

CAD 50,000 per year for 3 years (PhD-level).

June–Nov (previous year)

Rotary Global Grant Scholarship

Global (partner universities)

Bachelor’s degree, good academic record, commitment to humanitarian service, and study in focus areas like Economic Development.

Tuition, travel, living costs, and language training.

Rolling (depends on Rotary district)

Aga Khan Foundation International Scholarship

Global (select countries)

Outstanding academic record, genuine financial need, and admission to reputable international universities.

50% grant + 50% loan; covers tuition and living expenses.

Jan–Mar (year of study)

Government Jobs After BA Economics

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