Malaysia provides high-quality Economics education with strong links to international finance, policy institutions, and leading research centres. With 170+ higher education institutions and 130,000+ international students enrolled each year, the country provides a rich academic environment for Economics students at every level — from Bachelor’s through to doctoral research.
Whether you are pursuing an undergraduate degree, a specialised Master’s program, or a research PhD, Malaysia has options to match your goals and budget. This guide covers the top-ranked universities for Economics in Malaysia, admission requirements, tuition fees, career prospects, and everything you need to know before applying.
Quick Facts: Economics in Malaysia
| Subject | Economics |
| Country | Malaysia |
| Program Duration | 3–4 years (Bachelor’s), 1–2 years (Master’s) |
| Tuition (International) | MYR 5,000 – 20,000/year (~$1,070 – $4,300) |
| Language of Instruction | Malay & English |
| Leading University | University of Malaya |
Top Universities for Economics in Malaysia 2026
The following universities in Malaysia are consistently recognised for excellence in Economics, attracting students from around the globe:
| # | University | City | Type | World Rank |
|---|---|---|---|---|
| 1 | University of Malaya | Kuala Lumpur | Public | #60 |
| 2 | Universiti Sains Malaysia | Penang | Public | #137 |
| 3 | Universiti Putra Malaysia | Serdang | Public | #158 |
| 4 | Universiti Kebangsaan Malaysia | Bangi | Public | #159 |
| 5 | Universiti Teknologi Malaysia | Johor Bahru | Public | #188 |
Why Study Economics in Malaysia?
- University of Malaya ranks in the global top 65 — best value top-ranking university in Southeast Asia
- One of the lowest costs for international study: tuition from $1,070/year, living from $400/month
- English is widely used in academia and business — no language barrier for most programs
- Gateway to ASEAN’s 670 million consumer market — ideal for business and international careers
- Malaysia My Second Home (MM2H) program and strong student visa support
Admission Requirements for Economics Programs in Malaysia
Entry requirements vary by institution, but most universities in Malaysia expect the following for Economics applicants:
- Strong mathematics background (calculus, statistics essential)
- IELTS 6.5+ or TOEFL 90+
- GRE score (for US and top European graduate programs)
- Analytical writing sample (for MSc programs)
- Transcripts showing quantitative strength
Tuition Fees and Cost of Living in Malaysia
| Public University Tuition | MYR 5,000 – 20,000/year (~$1,070 – $4,300) |
| Private University Tuition | MYR 20,000 – 80,000/year (~$4,300 – $17,100) |
| Average Living Costs | $400 – $800/month/month |
| Language of Study | Malay & English |
Many universities in Malaysia offer scholarships and financial aid specifically for international Economics students. Check each university’s financial aid pages and your home country’s government funding schemes before applying.
Career Prospects After Economics in Malaysia
Graduates with a Economics degree from a Malaysia university are in high demand both locally and internationally. Common career paths include:
- Economist
- Financial Analyst
- Policy Advisor
- Investment Banker
- Data Analyst
Frequently Asked Questions
What are the best universities for Economics in Malaysia?
The leading universities for Economics in Malaysia include University of Malaya, Universiti Sains Malaysia, and Universiti Putra Malaysia. These institutions offer internationally accredited programs with strong research output and industry connections.
How much does it cost to study Economics in Malaysia?
Tuition for Economics programs in Malaysia ranges from MYR 5,000 – 20,000/year (~$1,070 – $4,300) at public universities. Average living costs are approximately $400 – $800/month. Scholarships are available for international students.
Can I study Economics in Malaysia in English?
Many universities in Malaysia offer Economics programs taught entirely in English, particularly at Master’s and PhD level. Proficiency is typically demonstrated via IELTS 6.5+ or TOEFL 90+.
What are the admission requirements for Economics in Malaysia?
Most Economics programs in Malaysia require: Strong mathematics background (calculus, statistics essential), IELTS 6.5+ or TOEFL 90+, and GRE score (for US and top European graduate programs). Specific requirements vary by university and level of study.
Related Resources
- Best Universities in Malaysia 2026 — complete country overview
- Best Universities for Economics Worldwide — global subject rankings
- International Scholarships 2026 — funding your studies abroad
- Best Student Cities in the World 2026