Economics is a huge topic. It will teach you so many transdisciplinary skills that hiring managers, from any business, will find you interesting for any employment. The 96% of graduates with jobs or who are enrolled in further study may expect to make roughly £26,000 in their first position. Because business is the cornerstone of economics and is so intertwined with the rest of the world, many degrees allow students to spend a placement year in industry, sometimes abroad. Multinational firms, banks, and governments are all highly interested in this experience.
Some modules you might take include:
- Economic planning
- Legal research
- Banking and money
- Global financial
- Economic background
- Trading internationally
- Collective judgments
- Econometrics
An economist, who is the most obvious career choice, must have a deep understanding of how many topics relate to one another. The effects of changes in a variety of sectors, such as healthcare, education, business, energy, law, and the environment, are the subject of economists' advice. They work as consultants and researchers simultaneously.
Bachelor of Economics in the UK
An undergraduate economics course in the UK will provide international students with the instruction they need to succeed in the subject.
Although three-year undergraduate economics studies are the norm, there are several internship and job placement options, therefore four-year programmes are not unheard of.
The subject's introductory training will cover key economic theories, and for the majority of programmes, no prior knowledge of economics is typically required to apply.
Dual honours degrees, which allow you to study extra subjects in addition to economics, such as business, geography, or math, are offered by many economics programmes in the UK.
Masters for Economics in the UK
Students who pursue a master's degree in economics will get thorough training in cutting-edge economic theories and techniques. Policy analysis, quantitative modelling, and data analytics will be utilised to illustrate concepts and ideas to you via case studies that apply economic theory to the real world. As you prepare for your future career, a postgraduate economics study at a UK institution will provide you with the perfect setting to specialise in a subject that really interests you.
Entry Requirements for Economics in the UK
- 36 points are the typical International Baccalaureate requirements.
- AAA, including mathematics, is the typical A-level requirement.
- IELTS standard standards are 6.5 overall, with no component being lower than 6.0. If you want IELTS preparation tips then you have to at the right place.
Career and salary range for Economics in the UK
The way that modern economics is taught and applied globally has been significantly influenced by the UK. If you want to understand how and why money keeps the world going, there is no better location to begin your higher education and start your career.
Graduates of economics programmes may work in the private sector as banking and financial advisers. In contrast, they can work for government departments, central banks, national treasuries, and bureaus of statistics in the public sector. The manufacturing, transportation, communication, insurance, nonprofit, investment, and retail sectors all have openings as well.
For professionals, the typical first-year salary is £27,000.
Starting wage for non-professionals on average: £18,000
The Best Universities for Economics in the UK
Because of the usefulness and applicability of its concepts and guiding principles, economics has long been a well-liked major on a global scale. As a result, it is not unexpected that economics is taught in a variety of ways at the top universities in the nation.
Since there are more than a hundred, we did the research and prepared a list of the best economics programmes offered in UK universities.
- University of Leeds
- University of East Anglia
- University of Stirling
- University of Strathclyde
- University of Hertfordshire
Final words
It may be a fascinating and enlightening experience to study economics in the UK. This is the ideal major for you if you appreciate studying history, anthropology, art, and music to help you better comprehend human behaviours.
The field of game theory helps economists understand how logical people turn irrational, allowing less well-known economists to advance their studies. Large data analysis tools can help governments make better decisions.
It is challenging to provide precise advise because economics is such a broad subject in the UK and has a wide range of real-world applications. It's worthwhile to study economics if you are passionate about it.