Economics is a subject that never goes out of fashion in universities anywhere in the world. British and American experts claim that economics remains the most popular subject among students year after year among the social sciences. This is not surprising, because studying economics abroad leads to a universal degree and a high salary.
Who is an economics degree suitable for?
The study of economics is suitable for students who are interested in society and the distribution of assets in society, economic development, and its impact on the lives of individuals, companies, and entire countries.
Economics education is one of the most flexible and versatile. It can suit students of both liberal arts and technical backgrounds. It depends on which area of the economics you choose to pursue, from human resources to auditing.
A future economist should have an analytical mindset, develop responsibility, and attention to detail. It is important to remember that economics is an interesting subject, but not the easiest to study. During and after your studies, you should be prepared to cope with large amounts of information, constant self-development, and the application of the acquired knowledge in practice.
How do they study economics abroad?
Programs in economics abroad are offered primarily at the undergraduate and graduate levels and lead to BA, BS, MA, and MS degrees.
The process of studying economics at universities abroad includes lectures, seminars, and written assignments. Many programs also involve work experience at partner companies. Depending on the institution, grades are awarded based on exams, coursework, or project work.
Programs that double major in economics and another elective course are becoming increasingly popular today. This allows you to delve deeper into a specific industry and be better prepared to work in your chosen field. For example, many students study economics and law, business and management, sociology, mathematics, engineering, political science, or foreign languages at the same time. There are quite a few difficulties. And some students turn to law essay help sites to get assistance with their studies.
Economics programs abroad include the following subjects:
● macroeconomics
● microeconomics
● economic history
● finance
● accounting
● business and management
● social sciences
● public economics
● social economics
● economics and foreign trade support
● business economics
● labor economics
● economic statistics
● economic geography
● institutional economics
● corporate finance
● international trade
● global and national economics
● foreign languages
One of the hallmarks of an economics education abroad is its versatility and the opportunity to gain the flexible skills needed to work in a variety of fields.
At university, future economists learn about big data, critical analysis, numeracy and statistics, IT, working with people, and developing communication and research skills.
How to apply for economics abroad?
Foreign universities offer programs in economics through business schools, departments of management and business, economics, or social sciences.
Studying in the bachelor's program lasts 3-4 years, in the master's - 1-2 years, depending on the country, the chosen program, and the university. Note that double major and internship programs usually last longer.
It is important to have good grades in math, social studies, and economics if you have already taken this subject. It is also important to have a good command of English. You will also have to write an MBA admission essay.
For undergraduate admission, you need to have at least 3 A-Levels or the equivalent in subjects such as economics, math, English, or history. For admission to the master's program, you need an undergraduate degree and an IELTS score of 6.0-6.5.
How much does it cost to study economics abroad?
Economics is one of the average expensive fields of study abroad. It is neither the most expensive nor the cheapest.
The average cost of studying at universities in the U.S., Canada, Britain, and Australia is about $15,000-20,000 a year. It is most expensive to study economics in business schools.
Inexpensive economic education abroad is available in China, the Czech Republic, Malaysia, France, and Italy. In Germany you can study economics for free or at a low price, depending on the university.
What kind of work for an economist abroad?
As we have already noted, economics is a universal field. An economics education gives the graduate the opportunity to work in different fields. Economists are needed in small, medium, and large businesses, private and public companies, charities and public foundations, and even the government. An economics degree is also useful if you want to start your own business.
A graduate with an economics degree can work as:
● economist
● investment banking analyst
● data analyst
● marketing manager
● auditor
● sales manager
● financial analyst
● financial analyst
● business manager
● economics researcher
● teacher.
How much do economists earn?
The USA is the country with the highest salaries of economists. In America, the average salary of economists is $111,784 per year. Also, high salaries are observed in Canada ($100,000 per year), the United Kingdom ($70,000 per year), Germany ($55,000 per year) and France ($65,000 per year).
Where to study for an economics degree abroad?
Economics education is affordable. You can study economics abroad inexpensively in a variety of countries. Here are some cool economics courses abroad that cost up to $10,000 a year:
Bachelor's degree
● Bachelor's degree in economics with honors from Tunku Abdul Rahman University (Malaysia)
● Bachelor's degree in economics from St. Francis Xavier University (Canada)
● Bachelor in Economics, with concentration in Financial Mathematics, Southern University of Science and Technology (China)
Master's Degree
● Master of Business and Economics from the University of Hong Kong (Hong Kong)
● Master of Economics at the University of Saskatchewan (Canada)
● Master of Economics and Agriculture at the University of Copenhagen (Denmark)
Ph.D.
● D. in Economics from the University of Auckland (New Zealand)
● D. in Economics from the University of Alberta (Canada)
● Doctor of Financial Economics at University of New Orleans (USA)
Where else is it cheap to study abroad?
● San Mateo Colleges in Silicon Valley (USA)
● University of Bradford (United Kingdom)
● Golden West College (USA)
● Sunway University (Malaysia)
● Dalhousie University (Canada)
● South China Normal University (China)
● HAN University of Applied Sciences (Netherlands)
● The Chinese University of Hong Kong (Hong Kong)
● Open University (UK)
● Sacred Heart Catholic University (Italy)
Getting a college degree in economics from one of the universities abroad is a guarantee of a successful professional future. But whatever difficulties you may encounter in your studies, you can always count on cheap writing services to help you get a high grade in any discipline.
By Mitchell Mae
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