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2021-02-05 00:01:15

Study economy and business in the USA

Study economy and business in the USA

The face of US higher education is changing rapidly: more and more international students study at American colleges and universities without being citizens of the country - for international students, the United States has become a country of educational opportunities. In the 2018/19 academic year, America had over a million international students.

Why do so many students choose the United States to continue their education? Answer: high quality. Nearly 5,000 universities are divided among 50 states, guaranteeing excellent education. America is the birthplace of some of the best higher educational institutions in the world, a quarter of the top 200 universities in the world are located here, students learn from the largest professionals in science, technology, and business.

Studying Economics in the USA

Economics is the science of what decisions people make in the financial arena, and why. By studying economics in the United States, students will be able to understand the complex issues related to poverty, tax rates, and inflation. They master many practical tools: learn to read statistics, make informed financial decisions, and avoid logical mistakes. In other words, an economics degree can be used in almost all areas of life.

Who is an economics degree for?

Foreign students wishing to study economics in the United States should be well versed in the academic literature in the chosen direction, have a good knowledge of mathematics, statistics, the beginning of mathematical analysis. The skill of writing articles using economic terminology will come in handy.

What are classes like?

Most economics classes require students to pass the midterm and final exams and final work. This ensures that the student is able to apply the methods learned in the class, clearly, correctly explain the methods of analysis. The combination of mathematics with writing in course syllabi ensures that graduates can critically analyze math problems and express results clearly. This skill will come in handy no matter where the graduates plan to work.

Each course has its own student requirements. Some subjects - macro, micro, econometrics - are concentrated on mathematics, others - social issues of economics - require humanitarian knowledge. This means that students can choose the course that best suits their strengths and study the disciplines of interest.

What programs in economics are available?

Many universities offer Bachelor of Arts and Bachelor of Science degrees in Economics. The difference between them lies in the number of mathematics courses. The Bachelor of Arts degree is based on analysis and reading, the Bachelor of Science degree is more focused on mathematics. Different employers need different skills, so it's important to know which one is more necessary for your future career.

Some universities allow students to choose between degrees in traditional and applied economics.

  1. Traditional economics is more theory-oriented, giving the student the opportunity to enroll in a master's program.
  2. Applied economics is associated with solving practical problems, develops the skills necessary to get a full-time job immediately after graduation.

Why study economics in the US?

  • 7 of the top 10 economics schools in the world are located in the USA. According to a study by the QS Intelligence Unit website, these are Princeton, Yale, University of Chicago, UC Berkeley, Stanford, MIT, Harvard.
  • Graduates of US economics and business programs have higher average earnings than any other social science group. A 2011 study by Georgetown University found that US economics graduates earn an average of $ 70,000.

Available vacancies for Bachelor of Economics:

  • Economist
  • Investment banking analyst
  • Data analyst
  • Marketing Manager
  • Auditor
  • Teacher.

Why study economics in the US? Because it is a prestigious, highly sought-after degree that offers skills that contribute to personal and professional growth. The United States is one of the best places in the world to study economics, gain first practical experience, and work skills in an international environment.

Business Studies in the USA

It is business that attracts the largest number of students in the United States: over the past decade, business has led educational rankings as one of the most demanded areas of study, second only to engineering. Through innovative business courses, high-tech facilities, onsite and overseas hands-on experience, high schools (such as the University of Arkansas) educate students on how to use their strengths and skills to launch a career in the business world.

Why study business in the USA?

Students flock to the business colleges of America's top universities for the best preparation and high-paying jobs. Country of origin is an important factor in statistics: the large number of students from China and India, the two leading countries of origin and the two fastest growing economies in the world, strongly influence the overall results. The fast growing economy provides strong employment opportunities for students studying in the United States, students from overseas are seeing an immediate return on their investment.

American universities and business companies have a long history going beyond the textbook. English is the language of international trade, so a business education in English is seen as a good preparation for the increasingly competitive global economy of the future. A candidate using American English wins when applying for a job, has the opportunity to interact with business professionals, or to intern at large corporations while studying.

Striving for success, the popularity of business colleges among international students is reinforced by the fact that the schools with the most international students are the same schools that implement the best business programs. With the growing number of international students studying business in the United States, the country's reputation as a top destination for business education is being confirmed year after year.

A wide range of business skills can lead to almost any career in the business world or beyond - get the most out of a business degree knowing what you want to do with it!

Interests and goals

Two of the most important points for international students considering pursuing an economics / business business degree in the United States are interests and goals. The scope of business is so wide that you need to accurately understand the direction of interest. Why are you interested in business? Market charm? An impetuous lifestyle? The ability to travel the world? What are your career goals? Start your own business? To become the top of a large corporation? Make life easier for others?

Why study business?

What do international students get with a diploma in business? The United States was built on the ideals of starting your own business, and that ideal remains a motivating factor for the United States and the global economy today. A degree in business gives graduates a competitive edge, although starting or running a business requires natural talent, knowledge of business management will help take that talent to the next level.

A business degree is applicable just about anywhere, and goods are exchanged anywhere in the country and every corner of the globe, so you can apply your business skills almost anywhere. If you specialize in international business, you can turn the whole world into your office! A business degree equips international students with a set of skills that can lead to a variety of careers in and out of business.

5 reasons to study business

  1. The business degree program teaches critical thinking, practical problem solving skills - from budgeting to evaluating marketing strategies. Your mind will be sharp and quick to deal with difficult situations and find the best way out.
  2. The subtleties of data analysis - at first glance, a business may look like an exchange of material goods, but any good businessman knows that there are numbers behind it all. Knowledge of statistics, patterns, economic formulas helps enterprises to establish production as efficiently as possible.
  3. Business education programs teach communication skills. No business can work with one person, and no business can succeed if it has no customers and no customers. Human communication, negotiation and even hospitality skills are essential for the smooth running of modern business.
  4. A successful business leverages physical and economic resources to maximize production and profits.
  5. Top-tier business programs foster creativity. Is there a better way for international students to succeed in the global marketplace than by creating a truly new product, idea or model?

The double benefit of all of these skills is that they are used across a wide variety of careers. So, if you're asking yourself, “Why study business if I'm not sure what I want to do yet?” The answer is: A business degree is ideal for almost any career. It gives you the edge when you enter the global marketplace, and even if you don't want to dive into the business world, it will give you the valuable skillset you need across multiple careers.

Best Universities to Study Economics and Business in the USA

Taking a step back and looking at the history of mankind, it becomes clear that business has been at the center of human society from the earliest days of its existence. Someone might even say that a constantly dynamic exchange of goods is the cornerstone of human development, the emergence of the modern world. Today, business is at the forefront of innovation and progress, and a suitable degree will make it possible for international students to find employment in a lucrative, prestigious field.

Top Best Universities for Business Education in the USA

  • California State University, Dominguez Hills
  • University of California, Santa Barbara
  • NYFA
  • Saint Leo University
  • INTO University
  • Kaplan - Northeastern
  • Pace
  • Florida Atlantic University
  • Navitas - University of New Hampshire
  • The University of Tampa
  • Southern Connecticut State University
  • Kansas State University
  • CEG On Campus
  • Boston Whellok College
  • CEG ONCAMPUS Texas at University of North Texas
  • SHORELIGHT University
  • STUDY GROUP
  • NAVITAS CEG ONCAMPUS Cal State Monterey Bay
  • NJIT 
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Egor Eremeev
Current material has been prepared by Egor Eremeev
Education: Westminster University (Business & Management), London.
Egor studied and lived in the UK for 8 years and graduated from the university of Westminster. He is currently the co-founder and the director of business development at Smapse Education and personally visits foreign schools and universities, interviews students studying in those institutions.
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