* Extended application deadlines for 2021:
15 May for non-EU applicants
30 June for EU/EEA/Swiss/UK applicants
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.
After completing the programme, the student:
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.
The tuition fee for fee-paying students on this programme is 3,800 euros per year. Note that tuition fees can only be paid once the new semester officially begins. Altogether 30 study places are available on the programme. On the basis of the admission results 18 best applicants (regardless of their citizenship) will be given tuition waivers Applicants do not have to apply for the tuition waiver separately, as they will be considered automatically for the competition.
NB! Applicants who are not citizens of the member states of the EU, EEA or Switzerland and do not hold a long-term residence permit in any of these countries are required to pay half of the semester fee after they have been informed of the admission decision (offer) via DreamApply. The official admission letter (necessary for visa application) will only be issued once the University of Tartu has received this payment. The second half of the semester fee is to be paid after the studies have started, by 20 September.
Information about the rules and conditions for tuition waivers as well as tuition fee payments is given here. Information about other scholarships is available here.
The programme is delievered in cooperation with Bank of Estonia and Swedbank, the biggest bank in Estonia. These are the benefits to the student:
"In 2016 I was volunteering at Web Summit in Lisbon, Portugal. At venue, I visited StartupEstonia stand. I think that I spent there about 2-3 hours talking to Estonians. I fell in love with how the country promotes itself as a startup land with outstanding e-government. and take steps to stay competitive in the future.
In a year, I am very thankful to my past self for clicking the "Submit" button on the 15th of March. The startup environment is only a little piece of a tasty pie of what you can discover in Estonia! Nature, traditions, cultural life."
Stanislav, International Student Ambassador from Ukraine
Contact International Student Ambassadors to ask about life in Tartu.
You can also read the Quantitative Economics students’ blog.
"The programme offers internationally competitive master's-level economic education. The teaching staff will involve graduates of the high-standing international economics PhD programmes and leading economists of Estonia. Due to close international contacts and active research activities at national and international level at the faculty, students can get actual research experience or apprenticeship training in Estonian financial and public sector institutions."
Jaan Masso, PhD, Programme Director
"The programme aims to bring international dimension into academic studies and develop students’ skills in quantitative economic analysis. Thus the curriculum is of great benefit for both Eesti Pank (Bank of Estonia) and other institutions (primarily ministries) involved in economic analysis and surveys."
Ardo Hansson (PhD, Harvard University), former Governor of Eesti Pank (Bank of Estonia), former member of the Governing Council of the European Central Bank
"Our vision is to be a bank that supports the sustainable development of people, businesses and society. All this can only based on well-educated people. As the economy and society change fast, the future will bring us a lot of challenges in terms of the attainment and availability of skilled people. We see that our future competencies in both Swedbank and many other businesses are related to the fields of IT, mathematics, statistics and economics.
We believe that the cooperation with the University of Tartu and Quantitative Economics master’s program contributes to the implementation of our vision in a way that is beneficial for both students, the university and Swedbank."
Tõnu Mertsina, Chief Economist, Swedbank AS