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Study Economics Abroad

Learn everything you need to know about studying economics
abroad and get end to end expert guidance from us.

Study Economics Abroad

Learn everything you need to know about studying economics abroad and get end to end expert guidance from us.

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If you feel that Economics is the field you will excel in, this blog is here to let you know that you are at the right place. Economics is one of the best courses you can choose to pursue your higher education. The comparatively lesser number of students pursuing the course has led to an increased demand for graduates of the course in the job market. Additionally, it will also make it easier to get admission to your desired university.

Top universities in several of the world’s oft-chosen study destinations offer Economics courses. You can read the blog further to learn more about pursuing Economics abroad. We have compiled all information regarding the cost of studying, top universities and destinations, and much more.
 

Why Study Economics Abroad?

Economics is a broad subject that offers a few specialisations like Microeconomics, Macroeconomics, etc. We have compiled a list of reasons why it is a good idea to pursue the course abroad.
  1. The course helps you gain insights into how the economies of different countries work.
  2. The lesser number of students choosing the course has led to an increased demand for Economics graduates in the job market.
  3. Several top-ranked universities, like the University of Oxford, the University of Cambridge, Harvard University etc., offer programs in Economics.
  4. Studying Economics abroad will help you gain first-hand experience with how the economy of a different nation works.
  5. You will gain international exposure and will be able to network with students from different cultural backgrounds.
 

Top Economics Courses Abroad

There are a few courses that are related to Economics, and it will be beneficial for you to learn about them as you will then have the option to change to other courses if you are interested. These courses are given below.
  1. Applied Economics
  2. Agricultural Economics
  3. Business Economics
  4. Commerce
  5. Social Economic Policy
In some cases, Economics will also be offered as a joint degree where you will have to pursue any of the courses mentioned above.
 

Top Universities and Destinations to Study Economics Abroad

When you decide to study your Economics course abroad, it is essential to learn about the top destinations and universities that offer the course. We have given a list of the top destinations chosen by international students to pursue their Economics degree abroad. We have also included the average tuition fees and course duration in the table for your reference. You can expect an average annual tuition fee ranging from INR 34,000 to INR 51,00,000.

Name of University

Destination 

Course 

Duration 

Average Annual Tuition Fees (in INR)

University of Oxford

UK

MS in Financial Economics

9 months

INR 48,22,000

Harvard University

USA

BA in Economics

4 years

INR 49,97,000

University of Cambridge

UK

MPhil in Finance and Economics

11 months

INR 33,51,000

Stanford University

USA

BA in Economics

4 years

INR 50,49,000

University of Melbourne

Australia

MA in Economics

2 years

INR 26,70,000

University of Queensland

Australia 

MA in Economics and Public Policy

1 year

INR 25,21,000

University of Toronto

Canada 

MA in Financial Economics

1 year

INR 20,53,000

University of Montreal

Canada 

MS in Economics

2 years

INR 12,72,000

Heidelberg University

Germany 

MS in Economics

2 years

INR 34,100

University of Otago

New Zealand

MA in Economics

1 year

INR 27,91,000

University College Dublin

Ireland 

BS in Economics and Finance

3 years

INR 24,78,000

 

Eligibility and Requirements to Study Economics Abroad


The eligibility to pursue an Economics course abroad is subject to vary depending on the university, country, and level of study you choose. As such, it is not easy to give a set of requirements that all universities will ask for. However, there are a few criteria that you may need in most cases. They are given below. You should check the official websites of the universities you apply to so that you do not miss out on anything.

  1. All academic documents.
  2. Good academic score.
  3. Acceptable English proficiency test score.
  4. Good subject-specific test score.
  5. Work experience, if required.
  6. Letters Of Recommendation (LORs).
  7. Statement Of Purpose (SOP).
  8. Passport.
  9. Proof of funds in your home country.
 

Jobs After Studying Economics Abroad


As mentioned previously, a degree in Economics opens a wide range of career opportunities, and you will surely find yourself employed in top positions in several top companies. Almost all reputed universities offer job fairs and campus placements, which will help you get a job easily. After pursuing an Economics course abroad, you can expect an average annual salary ranging from INR 18,00,000 to INR 1,05,00,000. The table below will help you understand better about the top job positions and their expected salaries.

Job Roles

Average Annual Salaries (in INR)

Economist 

INR 18,00,000 - INR 92,00,000

Market Research Analyst

INR 39,00,000 - INR 80,00,000

Financial Analyst

INR 51,00,000 - INR 1,05,00,000

Policy Analyst

INR 59,00,000 - INR 63,00,000

Risk Analyst

INR 60,00,000 - INR 67,00,000

We hope to have included all information related to pursuing an Economics course abroad. If you wish to learn about the course, you can contact AECC’s expert counsellors, who will give you one-to-one assistance. You can also read our blogs to learn more about the course of living and studying in top countries, scholarships offered, and much more.
AECC has been assisting students in studying in top study-abroad destinations since 2008. You can contact us if you need expert guidance on any step of studying abroad. From university applications to visa guidance, we offer help on every step of your journey. Don’t hesitate to contact us!

Frequently asked questions
 

Which field of Economics is the best?

Macroeconomics and Monetary Economics are considered the best fields of Economics as they have a few popular specialisations.

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