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Economics Colleges in USA

Courses, Admissions, Fees, Scholarships and Career Scope

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Economics Colleges

Why Study Economics Engineering In The USA?

Every academic year students from various countries across the globe come to study abroad economics engineering in the United States of America. Similarly, students from India also complete their economics engineering degrees from various universities located in the United States of America. Other details are provided in the following paragraphs in an exhaustive manner. 

Economics Engineering provides professional expediencies in strategic decision-making. Hence, the usability of economic engineering studies is rising over time. The United States of America provides the following exposures and benefits to students studying various academic degrees in the country:

  1. Global perspective and exposure in education – United States of America has a global presence of students, professors and lecturers on its education campuses. Hence, a student studying in educational institutions situated in the United States of America receives a global perspective and exposure to education. 
  2. Global perspective and exposure to the profession – United States of America has a global presence of corporations, business entities and job opportunities in its professional sectors. Hence, a student after completing educational qualification from institutes located in the United States of America receives a global perspective and exposure in profession.
  3. Multicultural environment - United States of America has global presence of students, professors and lecturers in its education campuses. United States of America has global presence of corporations, business entities and job opportunities in its professional sectors. Hence, a student studying in educational institutions situated in United States of America receives a multicultural environment in education and profession.

Popular Economics Engineering Courses In The USA

  1. PhD in Business economics – PhD in Business economics degree is available in Harvard University, Cambridge. Total cost of PhD in Business economics degree is Rs. 45.50 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying PhD in Business economics in Harvard University, Cambridge. 
  2. PhD in Economics – PhD in Economics degree is available in Stanford University, Stanford. Total cost of PhD in Economics degree is Rs. 55.50 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying PhD in Economics in Stanford University, Stanford.
  3. Master of Arts in International and Development Economics – Master of Arts in International and Development Economics degree is available in Stanford University, Stanford. Total cost of PhD in Economics degree is Rs. 34.95 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying Master of Arts in International and Development Economics in Stanford University, Stanford.
  4. Master of Arts in Economics – Master of Arts in Economics degree is available in Harvard University, Cambridge. Total cost of Master of Arts in Economics degree is Rs. 44.95 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying Master of Arts in Economics in Harvard University, Cambridge.
  5. MS (Economics) – MS (Economics) degree is available in Massachusetts Institute of Technology, Cambridge. Total cost of is Rs. 54.95 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying MS (Economics) in Massachusetts Institute of Technology, Cambridge. 
  6. B.A. Economics - B.A. An economics degree is available at Harvard University, Cambridge. The total cost of B.A. Economics at Harvard University, Cambridge is Rs. 49.29 lakhs for Indian Students. Further, a scholarship facility is also available for Indian students studying B.A. Economics in Harvard University, Cambridge.
  7. B.A. Economics - B.A. An economics degree is available. The total cost of B.A. Economics at Stanford University, Stanford is Rs. 49.81 lakhs for Indian Students. Further, a scholarship facility is also available for Indian students studying B.A. Economics in Stanford University, Stanford.
  8. Ph.D. in Economics – Ph.D. in Economics degree is available at Stanford University, Stanford. The total cost of PhD in Economics in Stanford University, Stanford is Rs. 34.95 lakhs for Indian Students. Further, a scholarship facility is also available for Indian students studying in Stanford University, Stanford.
  9. M.S. Economics - M.S. Economics degree is available in Massachusetts Institute of Technology, Cambridge. Total cost of M.S. Economics in at Massachusetts Institute of Technology, Cambridge is Rs. 66.77 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying M.S. Economics in the Massachusetts Institute of Technology, Cambridge.
  10. B.A. Business Economics and Management - B.A. Business Economics and Management degree is available in California Institute of Technology, Pasadena. Total cost of B.A. Business Economics and Management in California Institute of Technology, Pasadena is Rs. 53.98 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying B.A. Business Economics and Management in California Institute of Technology, Pasadena.
  11. B.A./B. S Economics - B.A./B. S Economics degree is available in. Total cost of B.A./B. S Economics in California Institute of Technology, Pasadena is Rs. 53.98 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying B.A./B. S Economics in California Institute of Technology, Pasadena.
  12. B.A. Economics - B.A. Economics degree is available in University of California, Berkeley. Total cost of B.A. Economics in University of California, Berkeley is Rs. 19.3 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying B.A. Economics in University of California, Berkeley.
  13. Ph. D Economics - Ph. D Economics degree is available in University of California, Berkeley. Total cost of Ph. D Economics in University of California, Berkeley is Rs. 14.26 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying Ph. D Economics in University of California, Berkeley.
  14. M.A. International - M.A. International degree is available in Yale University, New Haven. Total cost of M.A. International in Yale University, New Haven is Rs. 36.10 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying M.A. International in Yale University, New Haven.
  15. B. A. Economics - B.A. Economics degree is available in Yale University, New Haven. Total cost of B.A. Economics in Yale University, New Haven is Rs. 55.84 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying B.A. Economics in Yale University, New Haven.
  16. M.S. Financial Economics - M.S. Financial Economics degree is available in Columbia University, New York City. Total cost of M.S. Financial Economics in Columbia University, New York City is Rs. 46.56 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying M.S. Financial Economics in Columbia University, New York City.
  17. M.A. Economics - M.A. Economics degree is available in Columbia University, New York City. Total cost of M.A. Economics in Columbia University, New York City is Rs. 46.56 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying in Columbia University, New York City.
  18. MBA Economics - MBA Economics degree is available in University of Chicago, Chicago. Total cost of MBA Economics in University of Chicago, Chicago is Rs. 63.14 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying MBA Economics in University of Chicago, Chicago.
  19. B.A. Economics - B.A. Economics degree is available in University of Chicago, Chicago. Total cost of B.A. Economics in University of Chicago, Chicago is Rs. 54.98 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying B.A. Economics in University of Chicago, Chicago.
  20. MBA Business Economics and Public Policy - MBA Business Economics and Public Policy degree is available in University of Pennsylvania, Philadelphia. Total cost of MBA Business Economics and Public Policy in University of Pennsylvania, Philadelphia is Rs. 71.98 lakhs for Indian Students. Further, scholarship facility is also available for Indian students studying MBA Business Economics and Public Policy in University of Pennsylvania, Philadelphia.

Duration Of Economics Engineering Courses In The USA

  1. Under Graduate students – Average duration of an undergraduate degree for Economics Engineering courses to study in the United States of America is 3 years. 
  2. Graduate Students – Average duration of a graduate degree for Economics Engineering courses in the United States of America is 2 years.
  3. Post-Graduate Students – Average duration of post-graduate degree for Economics Engineering courses in the United States of America is 1 year.

Cost Of Studying Economics Engineering Degree In The USA

  1. Under Graduate students – Average cost of an undergraduate degree for Economics Engineering courses in the United States of America is approximately $ 55000.
  2. Graduate Students – Average cost of a graduate degree for Economics Engineering courses in the United States of America is approximately $ 65000.
  3. Post-Graduate Students – Average cost of a post-graduate degree for Economics Engineering courses in the United States of America is approximately $ 85000.

Cost Of Living In The USA

The average cost of accommodation in the United States of America for students is $ 1000 to $ 1500 per month. 

Economics Engineering Courses In The USA With Scholarships

Most of the universities in the United States of America provides tuition fees waiver as scholarship to eligible students.

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Frequently Asked Questions

If you are looking for the top Economics colleges in the USA, below are a few recommendations -

  1. Harvard University
  2. Stanford University
  3. Columbia University
  4. New York University
  5. Princeton University
  6. Dartmouth College
  7. University of California, Berkeley
  8. Boston University
  9. University of Maryland
  10. American University

Now, you can also reach the experts in AbroAdvice to seek guidance on which of these universities will suit you best.

Choosing the right Economics college in the USA takes more than a month to research. Some students focus on the beauty of the campus, while some look at the placement rates. But, before going into all such details, below are the factors you must check when choosing the college for you in the USA -

  1. Geographic Location
  2. Academic Majors Available
  3. Academic Quality
  4. Faculty Size
  5. Overall Cost
  6. Campus Environment

In general, below are the steps you have to go through during the admission process for Economics colleges in the USA -

  1. Submitting Recent scores of GRE and TOEFL or IELTS scores
  2. Three letters of recommendation are to be submitted through the online application system.
  3. Submission of Application fee
  4. Writing sample
  5. Statement of Purpose
  6. Official documents for all the degrees and courses

The duration of Economics programs in U.S. colleges depends on the course type. So, the Bachelor of Economics (B.E.) in the USA is usually a 4-year course offered by some of America's top universities. While if you enroll in a post-graduation course like M.Sc. (Master of Science) or M.A. (Master of Arts) in Economics will take you 2 years to finish.

The eligibility criteria for Economics colleges in the USA will include your academic and additional test scores. So, if you plan to study Master's in Economics in the USA, you must have a bachelor's degree in economics or a related field with a grade equivalent to the minimum GPA (usually 3.0). Moreover, you must have a minimum 6.5 score in IELTS as well.

Yes, English proficiency tests are required for Economics colleges in the USA. For instance, you must score a minimum of 6.5 in IELTS or TOEFL, etc. Moreover, the minimum required score in GRE/ GMAT to study M.S./Ph.D. should be 320+ and 4.5 in GRE AWA. For any updated rules on the particular university, ensure to stay updated on their website.

In countries like the USA, there are numerous career scopes with a qualification in Economics. In fact, here are some of the top positions that will help you achieve professional goals -

  1. Economist
  2. Statistician
  3. Financial Analyst
  4. Data Scientist
  5. Financial risk analyst
  6. Marketing
  7. Policy Analyst

Yes, there are scholarships available for Economics colleges in the USA. Some of them are listed below -

  1. Appraisal Institute Education Trust Graduate Scholarship
  2. Golden State Minority Foundation Scholarship
  3. Citicorp Scholarship
  4. Economic Club Business Study Abroad Scholarship
  5. NSF Graduate Research Fellowship Program

Apart from that, there are university-specific scholarships as well. Do a crosscheck once you get enrolled.

The estimated average annual tuition fee for M.A. or M.S. in Economics is somewhere between 30,000 USD- 70,000 USD. Now this tuition may or may not cover your living expenses. Hence, if you are planning to study in the USA with economics, plan a budget beyond 70,000 USD. This way, even if the tuition fee is fulfilled by your scholarship, you can adjust the rest of the expense with your personal fund.

There is an abundance of part-time jobs best for students. So, yes, you can definitely join one of them. But international students enrolled full-time and in valid F-1 status can generally work on-campus for up to 20 hours per week during classes are in session and up to 40 hours per week when classes are not.

Usually, all applicants to the Economics programs are required to submit a current GRE score. This test aims to check your ability for Economics at the Master's level. You can always consult a Grad-Dreams US education expert to determine your prospects of studying in the USA without a GRE. But for strategic preparation guidance, you can seek help from AbroAdvice.com.

Usually, minimal scholarship aid is available to international students since most of it is reserved for graduate study. Generally, U.S. institutions offer little, if any, discount on tuition. However, both private and public institutions may waive application fees in some situations. That's why you must start preparing for scholarship applications at the earliest.

Yes, plenty of internship opportunities are available in Economics colleges in the USA. But, if you wish to thoroughly apply your theoretical skills in the industry, you can join these platforms -

  1. Economics Consulting– Summer Associate
  2. Chevron Summer Internship – Refinery Economist In Richmond
  3. ADM Internship Program
  4. Economist Intern, State of Kansas

One advantage of studying economics is that you can get a great package. The industry also has plenty of opportunities for promotions. Moreover, in the U.S., the average starting salary for an economics graduate is $66,000 per year (American Economic Association, 2021). Apart from a good pay scale, you get global exposure and guidance from award-winning economists in the USA.

Here are some ways in which U.S. Economics colleges support international students-

  1. Numerous scholarship schemes
  2. Fair process of admission so that both native and abroad students get the scope
  3. Internship opportunities in international platforms
  4. Charity programs for underprivileged yet deserving students

The cost of living near Economics colleges in the USA is usually estimated to be $12,600 in total. For example, the average 820 square feet apartment rents for an average of $690 per month, $110 less than the average for the State of Texas. International students will require funds to live in the USA. The average annual cost of living in the USA is around 20,000 USD - 30,000 USD

Yes, Economics colleges in the U.S. require letters of recommendation. That's why you should immediately begin forming a relationship with your professors. This will ensure you can acquire at least 3 letters of recommendation by the time you graduate. Ideally, the professors whom you request to write your letter of recommendation must have a high opinion of you and your performance.

Yes, you can get a student visa for Economics study in the USA. For example, to study undergraduate degree in Economics as an international student, you will need the following documents:

  1. Copy of your passport.
  2. High School Transcripts for the last three years.
  3. English Proficiency Exam.
  4. But for a Master, Student visa for the USA (you can apply after getting your acceptance letter from the university).

You can definitely get work opportunities after studying Economics in the USA. You can join a firm by applying yourself, go for an internship, or there can be placements.

Yes, there are certain online Economics programs offered by US colleges. Here are some -

  1. MSc in Leadership and Human Resource Development, Louisiana State University
  2. B.A in Liberal Studies Completion Program, Georgetown University School of Continuing Studies
  3. Master of Public Health, University of Michigan

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