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Master's in Business Economics in the United Kingdom – A Postgraduate Academic Master’s Degree
The United Kingdom is known for its superb education system. In fact, it has been considered one of the best places to study for years. This is partially due to the ancient universities that are still noted as some of the most prestigious schools to attend. Also, several of the other universities in the area offer programmes with uniquely designed criteria that prepares students for particular career pursuits. Knowing these factors it is clear that receiving a Master’s in Business Economics in the United Kingdom would be beneficial, no matter where you decide to study or reside afterwards.
Along with a one-of-a-kind academic excellence, studying in the UK gives way to an overall enjoyable experience abroad. With all of the historic sites, monuments and cultures, students experience a diverse encounter. They have plenty of activities, foods and celebrations to keep them occupied during their down time. After completing their programmes in the UK, many graduates find that they have grown academically and personally.
What is a Master’s in Business Economics?
As the name indicates, a Master’s in Business Economics takes a focused look at the relative principals to business and economics. This degree builds upon the knowledge gained through individuals gaining an undergraduate degree or extensive career experience. Upon completing the programme graduates are able to function as professional economists within different business settings. To accomplish this, there are a few key concepts that are targeted.
- Macroeconomic theory
- Microeconomic theory
- Quantitative theory and tools
- Statistical and analytical techniques
- Problem solving
Along with study of concepts mentioned, some institutions provide concentrations as well. This provides a deeper look into specific concepts within the business economics realm. Depending upon the institution and the curricula setup, students may be able to complete internships as well.
What are the Benefits of Getting a Master’s in Business Economics?
A Master’s in Business Economics aids individuals in cultivating strong cross-functional skills that may be applied in different positions. This helps to expand the job market for those individuals. Individuals are then able to not only secure quality jobs, but to transition to other positions as well. They may choose to grow within companies they already work for or transition into other positions and industries.
These degree-specific benefits are not the only perks. There are some general advantages to securing a Master’s as well.
- Advancement. If individuals desire to pursue Doctorate degrees or obtain specific management or executive level positions, having a Master’s degree could be a necessity.
- Greater pay. Studies prove that on average individuals with graduate level degrees receive higher pay than those with undergraduate level educations or less.
- Overall satisfaction. Individuals with Master’s level degrees are able to secure specialised positions that those with less education may not have access to. These positions may allow workers to apply a greater deal of their skill sets. These factors combined with the higher rate of pay can contribute to individuals experiencing a higher level of satisfaction with their jobs and lives in general.
These are some of the main benefits to earning this degree. Depending upon the industries that individuals choose to work in, there can be other job-specific benefits to enjoy.
What Kind of Career Can You Expect with a Master’s in Business Economics?
There are several different career options for individuals who obtain a Master’s in Business Economics. Some of the main careers that graduates often choose include:
- Financial Analyst
- Financial Manager
- Policy Analyst
- And more
Many of the possible career options do not necessarily state “economics” in their titles. However, they still utilise the skills that individuals hone in their economics study, such as research and analysis, risk management, finance and economics itself. These aspects can be found in many fields, including marketing, sales and communications.
There are other paths that individuals may consider as well. Those with a knack for educating others may consider becoming teachers, professors or even administrators. Others with strong business senses and an entrepreneurial spirit could start their own businesses or consulting firms. With the multi-disciplinary aspects of this degree, there are many viable career opportunities.
Obtaining a Master’s in Business Economics in the United Kingdom could be an excellent choice to help you on your path to academic and career success. The educational and cultural experiences create an atmosphere for an exceptional experience. Consider how this degree path could most benefit you.
Norwich, United Kingdom
- 176SchoolApply Rank
- USD 19,254Average Tuition
- 0Acceptance Rate
University of East Anglia, established in 1963, is a modern research-intensive University located in Norwich in England, UK. The University offers a number of master's degree programs through its four faculties of Arts & Humanities, Medicine & Health Sciences, Science and Social Sciences....
Swansea, United Kingdom
- 331SchoolApply Rank
- USD 68,213Average Tuition
- 0Acceptance Rate
Swansea University (Swansea) is a public university with campuses located across Swansea, Wales, UK. Swansea offers a wide range of master's degree programs through its seven academic colleges including: Science; Arts and Humanities; Engineering; and Human and Health Sciences....
Manchester, United Kingdom
- 547SchoolApply Rank
- USD 21,019Average Tuition
- 0Acceptance Rate
Manchester Metropolitan University (MMU), is a public university located in Manchester, UK. MMU offers master's degree courses in a wide range of faculties including the Faculty of Arts and Humanities, Faculty of Business and Law and Faculty of Education....
Leicester, United Kingdom
- 706SchoolApply Rank
- USD 18,100Average Tuition
- 0Acceptance Rate
De Montfort University (DMU) is a public research university that is located in Leicester, England. DMU offers bachelor's and master's degree programs through four faculties which are the Faculty of Art, Design and Humanities, Faculty of Business and Law, Faculty of Health and Life Sciences, and Faculty of Technology....