PostGraduate Course

MSc

Health Economics

University of Galway - UG
University of Galway - UG
Course Code
MSC-HEC
Zone
Attendance
Full time

Course Summary

Discover how economic theory helps shape better healthcare systems. The MSc Health Economics equips you to tackle today’s global health challenges - from rising costs to ageing populations - using real-world data and evidence-based tools. You’ll gain the skills to evaluate healthcare delivery, analyse policy, and make impactful decisions across industry, public service, and academia.

College Link

University of Galway - UG
College Link > MSC-HEC - Health Economics

Colleges often have information about the course on their own website, along with other useful information relating to the college. (Note: Not always available)

Career Sectors

This course prepares you for working in the Career Sectors below. Follow the links to get a fuller understanding of the sectors you are preparing for.

Entry Requirements

Normally a H2.1 degree (NFQ Level 8 or equivalent) with Economics. However, candidates with a significantly high H2.2 honours degree and who have achieved a 2.1 average in relevant Economics modules in a business degree, will also be considered. Applications for the full-time and part-time programmes are particularly welcomed from people working in the pharmaceutical or medical device sectors and from people working in the health policy or health care system sectors. Suitable applicants without a background in Economics will be offered an opportunity to take an online preparatory course before being accepted on the programme.

Application Details

Closing Date: Offers are made on a rolling basis.

Applications must be completed online at: https://nuigalway.elluciancrmrecruit.com/Apply/Account/Login.

An application requires a registration fee of €35. You will be asked to upload proof of identification, academic transcripts, a personal statement, an academic reference and documentation to fulfil the English requirement (where English is not your first language).

Next start date September 2026

Fees

Fees: EU
€8,390 full-time; €4,355 part-time p.a. 2024/25
Fees: Tuition
€8,250 full-time; €4,250 part-time p.a. 2024/25
Fees: Student levy
€140 full-time; €105 part-time p.a. 2024/25
Fees: Non EU
€19,000 p.a. (€19,140 p.a. including levy) 2024/25

Postgraduate students in receipt of a SUSI grant – please note an F4 grant is where SUSI will pay €4,000 towards your tuition (2023/24). You will be liable for the remainder of the total fee. An F5 grant is where SUSI will pay tuition up to a maximum of €6,270. SUSI will not cover the student levy of €140.

The Student

Career Interests

This course is typically suited for people with the following Career Interests. If these interests do not describe you, this course may prepare you for work you may not find satisfying.

Social

The Social person's interests focus on interacting with the people in their environment. In all cases, the Social person enjoys the personal contact with other people in preference to the impersonal dealings with things, data and ideas found in other groups.

Many will seek out positions where there is direct contact with the public in some advisory role, whether a receptionist or a counsellor. Social people are motivated by an interest in different types of people and like diversity in their work environments. Many are drawn towards careers in the caring professions and social welfare area, whilst others prefer teaching and other 'informing' roles.


Investigative

The Investigative person will usually find a particular area of science to be of interest. They are inclined toward intellectual and analytical activities and enjoy observation and theory. They may prefer thought to action, and enjoy the challenge of solving problems with sophiscticated technology. These types prefer mentally stimulating environments and often pay close attention to developments in their chosen field.


Career Progression

Graduates of the MSc in Health Economics are in high demand across the health and life sciences sectors -both in Ireland and internationally, thanks to their ability to apply economic reasoning and analytical skills to real-world health challenges.

With a strong focus on real-world application, practical training, and employer engagement, this programme opens up a wide range of exciting career paths in the public, private, and non-profit sectors.

Where do our graduates work?

Our alumni have secured roles in:

Pharmaceutical and medical device companies such as Novartis, Janssen Sciences, AbbVie, and GSK.
Health economics consultancies including IQVIA, OPEN Health, and Axia Economics.
Public sector and regulatory bodies such as the Health Information and Quality Authority (HIQA), the National Centre for Pharmacoeconomics (NCPE), the HSE, and the Department of Health.
Research centres, think tanks, and NGOs with a focus on global health, social policy, or sustainable development.
What roles will I be qualified for?

Graduates of this programme are typically eligible for roles such as:

Health Economist
Market Access Analyst
Health Technology Assessor
Outcomes Research Analyst
Reimbursement Policy Specialist
Healthcare Data Analyst
Economic Evaluation Consultant
Research Associate or Policy Analyst in health-related fields
These roles span across healthcare innovation, policy development, pricing and reimbursement strategy, and regulatory decision-making.

What does a career in health economics look like?

Graduates may begin their careers in research or analytical support roles, progressing to senior economist or consultancy positions. Some move into leadership roles in pharmaceutical pricing and access, government strategy, or international health policy. Others pursue doctoral research and academic careers in economics, public health, or global development.

With global concern around ageing populations, rising healthcare costs, and sustainability of health systems, there is growing demand for professionals who can analyse value for money and support evidence-informed decisions.

In-demand skills you’ll develop

This programme equips you with the practical tools employers are seeking, including:

Cost-effectiveness and cost-utility analysis
Economic modelling and simulation
Econometrics and statistical analysis
Preference elicitation techniques
Health policy evaluation and critical thinking
Real-world data interpretation
These technical and analytical skills are complemented by your ability to communicate evidence clearly and influence decision-making - both essential in today’s data-driven health landscape.

A launchpad for further study

The MSc in Health Economics also serves as an excellent foundation for doctoral research. Many of our graduates have progressed to PhD programmes in Ireland and internationally in economics, health policy, public health, and related disciplines.

Whether your ambition is to influence national health strategy, advise on global funding decisions, or conduct world-class research, this programme prepares you to lead with impact.

Duration

1 year full-time,
2 years part-time.
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