As a part of our series on How to Fully Fund Your Master’s Degree, Here is a list of universities that offer fully funded master’s in Economics. This degree can prepare you for a career in academia, corporate economics jobs, and many more.
Fully-funded M.A. programs can be difficult to find. Because most universities focus their funding on Ph.D. students, M.A. candidates can have a harder time securing scholarships and funding. However, there are a number of universities that do offer funded M.A. programs. “Full funding” is a financial aid package for full-time students that includes full tuition remission and an annual stipend or salary for the duration of the student’s master’s studies. Funding is typically offered in exchange for graduate teaching and research work that is complementary to your studies. Not all universities provide full funding to their master’s students, which is why I recommend researching the financial aid offerings of all the potential M.A. programs in your academic field, including small and lesser-known schools both in the U.S. and abroad.
You can also find several external fellowships in the ProFellow database for graduate and doctoral study, as well as dissertation research, fieldwork, language study, and summer work experience.
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Brock University (Catharines, ON, Canada): Master of Business Economics students will receive a funding package that typically contains a Graduate Fellowship of approximately $7500 and Graduate Assistantship approximately $8000 for 2020-21. International Tuition Fellowship (approximately $6500 for 2020-21).
Carleton University (Ottawa, ON, Canada): Successful applicants to our master’s program may be offered a teaching assistantship worth $9,638 and/or scholarships of between $2,000 and $10,000.
Eastern Illinois University (Charleston, IL): The Department of Economics offers a limited number of graduate assistantships. Assistantships offer tuition remission for fall and spring semesters plus $1,000 for the nine-month school year. Additional scholarship opportunities exist on campus.
Illinois State University (Normal, IL): Offer several different types of financial assistance, available throughout the year. The University provides graduate assistantships as a means of financial support. Graduate assistants receive monthly wages, a waiver for 100% of tuition.
Lakehead University (Thunder Bay, Orillia, Canada): Financial assistance opportunities are available in several forms of scholarships, bursaries, and awards, and these are generally awarded to students by individual programs on the basis of academic promise and financial need. Graduate Assistant appointments may be offered to some full-time graduate students at a rate of $9,727 (2015-16) at the Master’s level.
University of Maine (Orono, ME): The School of Economics has limited funding opportunities from assistantships and scholarships for top-performing students. Graduate assistantships (GA) provide funding support to cover a stipend (at least $1,748 per month, typically for 9 months for a teaching assistantship (TA) and 12 months for a research assistantship (RA)), full tuition waiver for up to 9 graduate credits per semester.
Memorial University (Newfoundland and Labrador, Canada): Competitive funding packages to academically eligible full-time graduate students, in all eligible research programs. Funding sources include fellowships, Graduate Assistantships, grants, and international graduate students may be eligible for external funding. A funding amount of $8,831 is for the MA program in applied economics.
University of Saskatchewan (Saskatoon, SK, Canada): Financial support in the form of scholarships, graduate teaching fellowships, and teaching and research assistantships are provided to a limited number of fully qualified graduate students on a competitive basis.
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