MSc Economics vs MSc Health Economics?

Hi everyone,

Kindly asking your two cents on my dilemma. I'm an econ graduate with 3.89 CGPA, several experiences in economics research and policy works (mostly on micro-related issues), intermediate proficiency in STATA, and strong interest in the application of econometrics for policy purposes. My career aspiration from the most to the least favorable are: work in NGOs or policy-related think tank, work as a government official, or being an academia. I'm currently torn between choosing to continue my master study in Economics or Health Economics, here are my considerations:
• Pros of choosing MSc Health Economics:
- I’m currently working as an RA supporting the Ministry of Health, therefore I have a lot of exposure and insight towards the policy process on the health sector.
- More emphasize on the application of economic concept and econometrics.
- There are only a few of Health Economist with econ background in my country, most of the experts in this field are public health graduates. I think my background might be a competitive advantage in the job market.
- I’m very passionate in the issue of health and labor economics as well as public policy field.
• Cons of choosing MSc Health Economics:
- Limited econ and math courses for PhD requirements
- Limited job opportunity compared to MSc Economics.
- Limited choice of program (most of the health-related master program is provided by the public health department, therefore lacking in the quantitative-side)

• Pros of choosing MSc Economics:
- Wider range of career option after finishing my master.
- Deeper understanding in econometrics fundamentals, I think this is important as econometrics can also be implemented in many disciplines.
- Transferrable Econ & Math courses if I want to pursue PhD.
• Cons of choosing MSc Economics:
- Fierce competition during application, within study, and after study (trying to be more realistic, I’m a small fish in the big ponds in the econ world. There are already a bunch of econ grads in my country)
- I’m not really interested in the theory-side of econ and prefers the implementation of economic principles and econometrics.
Any of your feedbacks will be very useful to me. Thank you!