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Economics Abroad
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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.
Have you realised that studying Economics abroad is always the better option?Â
Do you know that there are several top-ranked world universities that offer Bachelor’s, Master’s and Doctoral programs in Economics?
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.
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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.
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The course helps you gain insights into how the economies of different countries work.
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The lesser number of students choosing the course has led to an increased demand for Economics graduates in the job market.
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Several top-ranked universities, like the University of Oxford, the University of Cambridge, Harvard University etc., offer programs in Economics.
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Studying Economics abroad will help you gain first-hand experience with how the economy of a different nation works.
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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.Â
- Applied Economics
- Agricultural Economics
- Business Economics
- Commerce
- 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.
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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.
- All academic documents.
- Good academic score.
- Acceptable English proficiency test score.
- Good subject-specific test score.
- Work experience, if required.
- Letters Of Recommendation (LORs).
- Statement Of Purpose (SOP).
- Passport.
- Proof of funds in your home country.
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How about contacting AECC’s counsellors to get one-to-one assistance on university applications? |
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 |
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Market Research Analyst |
INR 39,00,000 - INR 80,00,000 |
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Financial Analyst |
INR 51,00,000 - INR 1,05,00,000 |
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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!
FAQs
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.
Is Economics better than MBA?
Are Economics jobs in demand?
How hard is a Master’s in Economics?
