53 Affordable Master's degrees in Iceland | Mastersportal
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53 Affordable Master's degrees in Iceland

When searching for affordable master's degrees, international students often look for programmes that offer quality education without breaking the bank. In our system, any master’s programme with tuition fees ranging from 0 to 2,500 euros per year is considered affordable. Iceland, a small yet academically rich nation, stands out as an excellent destination for budget-conscious students. Here, affordable master's programmes can start from €0, meaning tuition-free education is available. This makes Iceland incredibly appealing for students searching for cheap master's degrees. With several top universities in Iceland offering such programmes, international students can pursue their academic goals without the burden of high tuition fees. For those considering a cheap master degree in Iceland, it's worth exploring the top universities in Iceland to find the perfect fit for their budget and academic aspirations.

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University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Anthropology

In the Anthropology programme at University of Iceland students are trained in a range of research methods and are free to choose research topics that suit their interests.

M.A. Full-time +2 Online +2
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Environment and Natural Resources

The Environment and Natural Resources programme at University of Iceland is a unique interdisciplinary and international programme that provides academic insight into the various aspects of environmental issues and the utilisation of natural resources.

Master Full-time On-campus
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Geophysics

On the Geophysics programme at University of Iceland the student will posses significant understanding of problems and subjects, based on the most recent information and research in the field of geophysics.

M.Sc. Full-time On-campus
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Electrical and Computer Engineering

With the emergence of new knowledge in information technology the overlap with communication technology has become ever clearer. The Electrical and Computer Engineering program at the University of Iceland emphasises foundational knowledge in communication technology, which Electrical and Computer Engineering students can synthesise, with information technology through diverse courses on offer.

M.Sc. Full-time On-campus
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Public Health Sciences

The Public Health Sciences programme at University of Iceland provides training in conducting and interpreting research into health and health factors, as well as an understanding of how to implement health promotion initiatives.

M.P.H. Full-time On-campus
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Environmental Engineering

Graduates of the Environmental Engineering program at University of Iceland possess significant understanding of problems and subjects, based on the most recent information and research in the field of environmental engineering.

M.Sc. Full-time On-campus
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Inter-American Studies

Upon completion of the Inter-American Studies at University of Iceland, students have knowledge of their field of specialization within the broader framework of the languages, cultures, histories and literatures of the Americas.

M.A. Full-time On-campus
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Applied Biotechnology

The Applied Biotechnology program at University of Iceland is an interdisciplinary program within the field of biology, chemistry, pharmaceutical science and engineering. The program is aimed towards the increased need for specialized staff, trained in biotechnical methods.

M.Sc. Full-time On-campus
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Gerontology

The Gerontology program at the University of Iceland is a multidisciplinary and jointly implemented degree programme in higher education in the Nordic countries in the field of gerontology.

M.A. Full-time On-campus
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Geography

Graduates of the Geography program at University of Iceland possess significant understanding of problems and subjects, based on the most recent information and research in the field of geography.

M.Sc. Full-time On-campus
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Mechanical Engineering

Graduates of the Mechanical Engineering program at University of Iceland possess significant understanding of problems and subjects, based on the most recent information and research in the field of Mechanical Engineering.

M.Sc. Full-time On-campus
2 yearsFree

Coastal Communities and Regional Development

The Coastal Communities and Regional Development from University Centre of the Westfjords is an international, multidisciplinary master’s programmr addressing the opportunities and challenges of coastal communities along the North Atlantic, North Pacific and the Arctic, although theoretical foundations and best practice examples from other regions will also be presented.

M.A. Full-time On-campus
2 yearsFree

Coastal and Marine Management

Coastal and Marine Management from University Centre of the Westfjords is especially built on the principle and practice of biology, sociology and economics

Master Full-time On-campus
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Software Engineering

Graduates of the Software Engineering program at University of Iceland possess significant understanding of problems and subjects, based on the most recent information and methods in the field of Software Engineering.

M.Sc. Full-time On-campus
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Physics

Graduates of the Physics program at University of Iceland possess significant understanding of problems and subjects, based on the most recent information and research in the field of Physics.

M.Sc. Full-time On-campus
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Natural Resources Law and International Environmental Law

The Natural Resources Law and International Environmental Law programme at University of Iceland is a specialised Masters-Program in law created for students from around the world who have reached a relatively high standard in their basic legal education and want to focus on legal rules relating to natural resources and issues of environment or resource management.

LL.M. Full-time On-campus
1 yearFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

International Studies in Education

The International Studies in Education programme at University of Iceland responds to the development of globalisation, migration, the development of a multicultural society in Iceland amongst other things. 

M.A. Full-time On-campus
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Medical Life Sciences

Do you want to deepen your knowledge in a chosen field within medical life sciences? Do you want to work on your research skills and scientific practices? Check out this Medical Life Sciences programme at University of Iceland!

M.Sc. Full-time +2 On-campus
2 yearsFree
University of Iceland4,1(20)
Reykjavík, Iceland Top 3% in Worldwide

Applied Inter-American Studies

The Applied Inter-American Studies at University of Iceland plus other academic programmes in Asian studies, Nordic languages, the major European and American languages in addition to classical languages.

M.A. Full-time On-campus
1½ yearFree
Iceland University of the Arts4,4(8)
Reykjavík, Iceland

Composition

The Composition program of Iceland University of the Arts provides the student with the means to establish and develop his/her area of speciality as a composer. 

Master Full-time On-campus
2 yearsFree

Frequently Asked Questions

  • To qualify for a master's programme in Iceland, you need to hold a recognised bachelor's degree in a relevant field. Most programmes require a minimum of a 2:2 (or equivalent) from an accredited institution. Additionally, you'll need to submit a comprehensive application, which typically includes academic transcripts, a personal statement, and letters of recommendation. English language proficiency is also crucial, often demonstrated through tests like IELTS or TOEFL. For specific programme requirements, visit the individual university's website. Iceland offers a range of affordable master's degrees, making it an attractive destination for international students seeking quality education without breaking the bank.

  • Iceland is home to several prestigious universities that offer high-quality, affordable master's programmes. The top universities in Iceland include Reykjavík University, the University of Iceland, and the University Centre of the Westfjords. These institutions are renowned for their academic excellence and innovative research. Reykjavík University, for instance, is known for its strong programmes in technology and business, while the University of Iceland offers a wide range of disciplines. The University Centre of the Westfjords is unique for its focus on sustainable development and rural innovation. Each of these universities provides budget-friendly options for international students.

  • Master's degrees in Iceland are remarkably affordable due to significant government funding and subsidies. The Icelandic government is committed to making higher education accessible, which results in low tuition fees for both domestic and international students. Additionally, the country's strong economy and high standard of living contribute to the overall affordability of education. This makes Iceland an attractive destination for students seeking quality education without the high costs associated with other European countries. With tuition fees often under €2,500 per year, Iceland offers a cost-effective solution for pursuing a master's degree.

  • Most master's programmes in Iceland are taught in English, making them accessible to international students. To enrol in these programmes, you'll need to demonstrate English language proficiency. This is typically done through standardised tests such as IELTS or TOEFL. Minimum score requirements vary by programme, but generally, a score of 6.5 on IELTS or 80 on TOEFL is common. Some programmes may also accept other recognised English language tests. It's important to check the specific language requirements for your chosen programme to ensure you meet the criteria for admission.

  • Yes, international students in Iceland are allowed to work part-time while pursuing their studies. You can work up to 20 hours per week during the academic term and full-time during holidays. This provides an opportunity to gain work experience and help cover living expenses. However, it's important to balance work with your studies to ensure academic success. Many students find part-time jobs in areas related to their field of study, which can be beneficial for their career prospects. Always check the specific work regulations and permits required for international students in Iceland.

  • While tuition fees for master's programmes in Iceland are low, there are other costs to consider. Living expenses, including accommodation, food, transportation, and personal expenses, can add up. On average, students should budget around €800 to €1,200 per month for living costs in Reykjavik. Additionally, you'll need to factor in the cost of health insurance, which is mandatory for all residents in Iceland. Application fees and the cost of obtaining a student visa are also considerations. It's important to plan your finances carefully to ensure you can cover all expenses while studying in Iceland.

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