MSc in Health Economics and Decision Modelling, The University of Sheffield

Sheffield,

12 Months

Check Eligibility

About this course

This MSc program in Health Economics and Decision Modelling is designed to develop your analytical skills for a career in health economics. Throughout the course, you'll learn to measure, model, and evaluate healthcare interventions to support informed public health decisions. The curriculum emphasizes practical, hands-on experience, preparing graduates to be job-ready from day one. You will explore critical topics such as economic evaluation, medical statistics, evidence synthesis, and cost-effectiveness modelling. The program culminates in a three-month dissertation project, where you'll work with experts from the NHS, industry, and academia to address real-world health challenges. With teaching led by active researchers and professionals in the field, students gain both the theoretical understanding and practical skills needed to influence health policy and decision-making effectively.

Why this course is highly recommended

Employers highly praise this course for its practical focus and real-world application, ensuring graduates are ready to contribute immediately in the field. The program offers valuable experience working on real health issues in collaboration with industry partners, the NHS, and academia. Its curriculum is regularly reviewed for relevance and is delivered by experienced staff who are active researchers, making it a top choice for students aiming to influence healthcare decisions. The course’s strong industry links and emphasis on applied skills make it an excellent pathway to careers in health economics, health policy, and related sectors.

Specialisation

The course focuses on core areas such as health economics, decision modelling, medical statistics, and evidence synthesis. Students learn advanced modelling techniques including cost-effectiveness analysis, simulation methods, and research design, enabling them to assess healthcare interventions comprehensively. Modules like Cost-effectiveness Modelling for Health Technology Assessment and Advanced Simulation Methods provide in-depth training on decision-analytic models and simulation techniques, equipping students to tackle complex health economic problems in various settings.

Course fees

Application fees

1st year tuition fees

30.64L

Living cost

Degree requirements

Applicants need a minimum 2:1 undergraduate honours degree in a relevant subject, such as Economics, Medicine, Data Sciences, Business, or other quantitatively focused disciplines. Additionally, applicants should have studied at least two quantitative mathematics modules—these can include subjects like Econometrics, Epidemiology, Microeconomics, or Statistics. International qualifications are also considered, based on overall preparation and achievement. For international students, an IELTS score of 6.5 with 6 in each component is required, or an equivalent English language qualification.

English language test

PTE

TOEFL

IELTS

6.5

DUOLINGO

Career prospects

Graduates are highly sought after in various sectors, including health economics consultancies, research groups, pharmaceutical companies, government, health policy organisations, health insurers, and healthcare providers. Many find opportunities in conducting health technology assessments, working as health economists, or contributing to policy development and market access teams. The program also offers a solid foundation for further academic pursuits like PhD programs in health economics, decision modelling, or related fields.

FAQs

Can I study this course part-time?

Currently, the part-time route is under review for 2025 entry. Interested students should contact the university for further information.

What kind of practical experience will I gain?

Students engage in hands-on modelling sessions, real-world data analysis, and a three-month dissertation project working with external organisations like the NHS, industry, or academia.