|Study location||Estonia, Tartu|
|Nominal duration||2 years|
|Tuition fee||€4,200 per year
There are 15 tuition waivers available for top-ranked applicants in 2023, including 1 tuition waiver for EU/EEA/Swiss applicants, 14 tuition waivers for other applicants (regardless of citizenship).
More information on tuition fees is available at www.ut.ee/tuition.
NB! Applicants who are not citizens of EU/EEA/Switzerland must pre-pay half of the first semester’s tuition-fee after receiving an admission offer.
|Application fee||€100 one-time
Application fee is non-refundable.
Undergraduate diploma (or higher)
Bachelor’s degree or equivalent qualification (must be obtained by the end of July) – for country-specific document requirements please see www.ut.ee/country-specific.
Eligible applicants must have completed the following in their prior learning period: mathematics for the value of 9 ECTS and probability and mathematical statistics for the value of 6 ECTS.
Please be sure to also check further information and our step-by-step application guide at ut.ee/quant.
The entry qualification documents are accepted in the following languages: English / Estonian.
All applicants must comply with our English language requirements. The only acceptable English tests and exempt categories are specified at www.ut.ee/requirements.
A motivation letter must be added to your application.
Please upload the final version of the motivation letter before submitting the application. It can not be edited after the application is submitted.
The motivation letter consists of two parts: a written part (essay) and a video recording.
Written part (essay)
1. Explanation on which economics research topics are attractive for the student to write the master’s thesis. The applicant should propose a potential master’s thesis topic and
Short video CV
NB! The applicant must include a link to the video file in the motivation letter. When submitting the video link, make sure the video can be accessed by anyone reading the motivation letter.
The video should address the following aspects:
1. highlights from the applicant’s CV, including how the applicant’s background (previous studies and work experience) is related to the Quantitative Economics programme; describe especially your experience in economic research (if any);
1. In the essay:
2. In the short video CV:
The maximum score for the motivation letter is 100 points and the result is positive only if the applicant gains 51 points or more.
The English-taught master’s programme in Quantitative Economics gives students strong preparation in contemporary economic theory and econometric analysis methods enabling them to analyse and forecast economic processes.
• Taught by top specialists of their field in an international environment.
• A special focus on micro- and macroeconomic theory.
• Gives a training in solving real life economic problems via the application of state-of-the-art economic analysis techniques.
• Springboard for PhD studies in economics or follow a career as analysts in banks, public sector organisations, consultation firms and international companies.
Why study Quantitative Economics?
• UT is ranked in the top 250 universities in the world in business and economics (QS Rankings 2021).
• Gives training in solving real-life economic problems via the application of state-of-the-art economic analysis techniques with a special focus on micro-and macroeconomic theory.
• Cooperation with the Bank of Estonia and Swedbank provides internship possibilities, an award for the best thesis and job opportunities after graduation.
• Graduates can follow a career as analysts in banks, public sector organisations, consulting firms and international companies. 80% of our alumni work in Estonia.
• Study in the University of Tartu Delta Centre which brings together a vibrant community of students, researchers and innovators in the fields of computer science, business and economics, mathematics and statistics.
Please see the programme structure in our Study Information System
The objective of the curriculum is to prepare highly qualified analysts for the government agencies, banks, international organisations and consultancy firms, filling top positions that require a detailed understanding and application of economic models and econometric methods.
Graduates are competitive as analysts in public sector, financial sector, multinational companies, consultation firms etc.
Part of the studies is a mandatory internship which helps students make career choices after graduation.