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Studying Economics and Business in Scotland: guide for foreign students

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Studying Economics and Business in Scotland: guide for foreign students

Smapse Education's guide to Scotland's top universities in economics. We talk about the best universities in Scotland, the top 5 business schools and why Scottish universities are not worse than English ones.

Where to study economics in Europe? Of course in Britain!

The UK is in the top 5 best countries to study economics abroad, despite the high prices for study and living in the Kingdom. Fortunately, the country has a large number of scholarship programs, and many Russian students study in Britain for free. But there is an opportunity to save a little on education - to choose a program at universities or business schools in Scotland , which are not inferior to the quality of English universities. After all, there are two Scottish universities in the top 5 best economics universities in Britain, right?

Scotland facts:

  • National language: Gaelic, English , Scots
  • Capital: Edinburgh
  • Largest cities: Glasgow, Aberdeen, Edinburgh, Dundee
  • Currency: pound sterling
  • Form of government: parliamentary monarchy
  • Population: over 5.5 million people.

Why Choose Scotland

Leading Universities in England

Four Scottish universities are included in the international ranking - an impressive figure for a small country. The universities of Scotland are the alma mater of a dozen Nobel laureates, Adam Smith, Charles Darwin and Arthur Conan Doyle. Scotland made a great contribution to the development of Great Britain, was at the head of the industrial revolution, and today has become an important center for the development of science.

What international students think of Scotland:

  • 90% or more are satisfied with their studies at local universities
  • 83% found a job within months of graduation
  • 82% called studying as an excellent investment
  • 50% or more confirmed higher earnings than their compatriots.

Rich cultural exchange

There are over 250 museums and 100 galleries in the country. Art lovers should visit the Kelvingrove Art Gallery, which houses paintings by famous artists, including Salvador Dali. Scotland is a country with a huge number of picturesque castles with centuries of history, leading the country's top attractions. Another must-see is the Edinburgh Music Festival, on which more than 55 performers perform!

Must-see in Scotland:

  • Edinburgh castle
  • Isle of Skye
  • Luscenteire Beach
  • Eilen Donan Castle
  • Loch Ness
  • National Museum of Scotland
  • Sterling Castle
  • Cairngorms National Park
  • Ben Nevis.

Language and culture

The national language of Scotland is Gaelic, but since the 18th century, English has become the most common language. University professors speak pure British, but the Scots have something to surprise you! It's not just about pronunciation, but also about vocabulary, mentality and culture. German student Emily admits that the Scots have created their own version of the English language, but you quickly get used to it and soon you have no difficulty communicating with the locals.

Facts about studying in Scotland:

  • 50,000 or more students choose Scotland every year
  • 15 higher education institutions operate in Scotland
  • 10,000 - 26,000 pounds sterling are paid by foreigners per year for tuition.


The nature of Scotland is diverse: for active people it offers to climb the highest point of Great Britain - Ben Nevis, for lovers of quiet relaxation - to go to a sandy beach or lake. Yes, don't forget to visit Loch Ness with its mythical monster! Another famous Scottish celebrity - you will not believe it - the dark sky. This is the largest stretch of unlit sky in Europe, making it especially pleasant to look at the stars in Scotland. The ideal place for this is Galloway Forest Park.

Top economic majors in Scotland

  • International trade
  • World economy
  • Finance and credit
  • Labor economics
  • Accounting, analysis and audit
  • Economic theory
  • Taxation
  • Statistics
  • Information technology in the economy.

Where to Study Economics in Scotland - Top 6 Top Universities

  1. University of St Andrews - Economics Institute ranked among the top three in Britain in 2020. The oldest university has 600 years of history and is considered one of the leading centers in Europe in the field of economics and finance. University alumni include economist John Stuart Mill, smallpox vaccine inventor Edward Jenner, and JD Benjamin Franklin. Among the universities in Scotland, the University of St Andrews has the highest level of employment and student demand.
  • Subject league table Economics 2021 = 3
  • World University Rankings 2021 = 201-250
  • World Reputation Rankings 2020 = 126-150
  • European Teaching Rankings 2019 = 5.
  1. University of Aberdeen - The Faculty of Economics specializes in advanced programs and research in applied economics. The university has accumulated a wealth of research experience in health economics, experimental economics and macroeconomics.
  • Subject league table Economics 2021 = 17
  • World University Rankings 2021 = 178
  • Impact Rankings 2020 = 73
  • European Teaching Rankings 2019 = 57-75.
  1. The University of Stirling is a public university that ranks first in Britain in terms of campus infrastructure. The Institute of Economics conducts research in microeconomics, health economics, and resource economics.
  • Subject league table Economics 2021 = 27
  • World University Rankings 2021 = 301-350
  • Impact Rankings 2020 = 46
  • European Teaching Rankings 2019 = 76-100.
  1. University of Edinburgh - The Faculty of Economics has a rich history: the first lesson in economics was taught back in 1800 by the philosopher and mathematician Dugald Stewart. Today, the School of Economics offers bachelor's and master's courses in demanded specialties.
  • World University Rankings 2021 = 30
  • Impact Rankings 2020 = 30
  • World Reputation Rankings = 31.
  1. Heriot-Watt University is an international university with a prestigious school of business and economics, focusing on economic theory and statistical analysis.
  • World University Rankings 2021 = 351-400
  • European Teaching Rankings 2019 = 101-125
  • Young University Rankings 2017 = 91.

Top Scotland Business Schools

  1. Adam Smith Business School - Named after the "father of economics", the business school is part of the prestigious University of Glasgow . Despite its venerable age - the university was founded in the 15th century - it is a very modern university, offering the best programs in business specialties. The business school occupies a leading place in the country in terms of such indicators as the level of training of the teaching staff, the degree of preparedness of graduates, the percentage of students who got a job within 3 months after graduation.

The school offers bachelor's programs in four areas: economics, entrepreneurship, business and management, finance and accounting. In addition, the school has a wide range of master's courses.

  • Subject league table Economics 2021 = 6
  • University of Glasgow World University Rankings 2021 = 92
  • World Reputation Rankings 2020 = 101-125
  • European Teaching Rankings 2019 = 18.
  1. Dundee Business School is a business school founded in 1881 and operates on the basis of the University of Dundee, collaborating with a huge number of companies around the world. The Business School ranks first in Scotland in finance and offers undergraduate and graduate courses in business administration, management, international banking and more.
  • Subject league table Economics 2021 = 35
  • World University Rankings 2021 = 201-250
  • Impact Rankings 2020 = 44
  • Young University Rankings 2017 = 16.
  1. The University of Edinburgh Business School is the business school of the leading university in Scotland and has the prestigious EQUIS and Association of MBAs accreditations. The business school offers MBA, Executive MBA courses and a huge number of master's programs in marketing, finance, management.
  • QS World University Rankings 2021 = 20
  • Impact Rankings 2020 = 30.
  1. Strathclyde Business School - Offers MBA, Executive MBA courses and has developed the country's first DBA program. Among the school's partners is the Chartered Financial Analyst (CFA ©) Institute. The business school was founded in 1948 and over the years of its activity has earned international recognition. Strathclyde Business School is one of four faculties of Strathclyde University, founded in 1796.
  • World University Rankings 2021 = 101-500
  • Impact Rankings 2020 = 70
  • Young University Rankings 2014 = 78.
  1. Edinburgh College is a prestigious institution offering bachelor's, master's and certificate courses in management, HR, business and marketing. Edinburgh College is the largest educational institution in Scotland, working closely with the industry.
Current material has been prepared by Egor Eremeev
Education: Kuban State University, Russia (World Economics); 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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