Economics is a fascinating field of study for those interested how society’s motor keeps running– it also one of the most valuable degrees you can possess heading into the job market after graduation. Earning your degree abroad in Economics can be a great first step towards a more broad-scale understanding of the global economy, setting you up for competitive success on whatever path you choose.
Why Earn Your Degree Abroad
More than ever economics is now a global discipline. As international markets continue to converge and barriers continue to fall, an understanding of the field in its global context is becoming vital to the true comprehension of economic forces. Earning your degree abroad in economics will grant you an invaluable global perspective on the subject, elevating your academic intake while also serving as an incredible life adventure. Where in the world where you earn your economics degree abroad?
It being one of the most popularly pursued academic degrees out there, you can expect to find a degree abroad in Economics available in most cities and countries around the world. So while you may take your pick according to which seems like the most exciting and fruitful opportunity, here are some extra considerations to take into account while deciding on your destination.
First and most obvious is the language barrier. While you can earn a degree abroad in economics pretty much anywhere, you must also reconcile with the fact that universities in most countries tend to use their native tongue as the medium of education. If you are in the process of acquiring a language or want to learn one, earning your economics degree abroad in a non-English speaking country can be a challenge which pays off big time.
Next, the scope of your economics education will also likely be affected by level of development of your host country. For instance if you are earning your economics degree abroad in Germany, your education might be a tad more speculative than in a country such as Thailand which is still in the process of industrialization. The point being: different countries have different national economic priorities, which can bleed into the content of your education.
Economics Degrees Abroad
Economics is a popular field of study abroad both at the undergraduate and graduate level. Undergraduate programs tend to be more generalized, meaning that you can enroll in a variety of courses ranging from microeconomics to macroeconomics to econometrics during the pursued of your degree abroad in economics. Graduate programs are more specialized and typically require a significant amount of research as well.
While most students choose to pursue an economics degree abroad at a full university, the option also exists to enroll at a smaller satellite school or international program, the advantage being that these institutions can offer an English speaking program in non-English speaking countries. As education globalizes along with most other sectors, many domestic universities offer the option to go abroad for your economics degree.
The cost of earning your degree abroad in economics will also fluctuate largely depending on where you study. While countries like England, Australia, and the United States offer some of the most prestigious economics programs in the world, they also come with the price tag to match. International students are also often charged additional fees in tuition, which can be something to watch out for while researching different economics degree programs abroad.
Benefits & Challenges
International Perspective. Understanding economic forces can be difficult, but it is undeniable that these forces are becoming increasingly global by nature. Even when studying microeconomics, approaching the subject through a global lens can deepen your appreciation of the topic.
Networking. Earning your degree abroad in another country is the perfect opportunity to make friends (both personal and professional) that come from all over the world. Wondering what you’ll do after graduation? The opportunity might just present itself while earning your degree abroad in economics!
Cultural IQ. Cross cultural interaction is not always an intuitive skill, requiring a good deal of patience and a great desire to learn while living abroad in another country. Challenging yourself in this way will pay off big time as you learn how to negotiate between similarities and differences.