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BSc (Hons) Business Economics (Industry)

Lancaster

 

INTAKE: October

Program Overview

Lancaster University in the UK offers a highly regarded BSc (Hons) Business Economics (Industry) course that combines the principles of economics with a focus on practical industry applications. This program is designed to provide students with a solid foundation in economic theory, analytical skills, and business acumen, preparing them for a wide range of career opportunities.  

  1. Comprehensive Curriculum: The course curriculum covers a wide range of topics related to economics and business, including microeconomics, macroeconomics, econometrics, business strategy, finance, and data analysis. Students gain a deep understanding of economic principles and learn how to apply them to real-world business scenarios.

  2. Industry-Focused Approach: The program takes an industry-focused approach, providing students with insights into how economic theories and concepts are applied in various industries. This prepares graduates to understand the economic factors that influence decision-making, resource allocation, market behavior, and strategic planning within different sectors.

  3. Practical Skills Development: The course emphasizes the development of practical skills that are highly valued by employers. Students learn data analysis techniques, econometric modeling, financial analysis, and forecasting methods. They also have the opportunity to work on industry projects and case studies, applying their knowledge to solve real business challenges.

  4. Industry Placement: One of the unique features of the BSc (Hons) Business Economics (Industry) course at Lancaster University is the option to undertake an industry placement. This provides students with valuable work experience and the opportunity to apply their theoretical knowledge in a practical setting. It also allows students to build professional networks and gain insights into potential career paths.

  5. Academic Excellence: Lancaster University is known for its academic excellence and is consistently ranked among the top universities in the UK. The Economics Department at Lancaster University is highly regarded, with expert faculty members who are actively engaged in research and have extensive industry connections. Students benefit from this expertise through high-quality teaching and exposure to cutting-edge research in the field.

  6. Supportive Learning Environment: Lancaster University provides a supportive learning environment with small class sizes, interactive teaching methods, and personalized attention from faculty members. Students have access to state-of-the-art facilities, including dedicated economics and business labs, computer facilities, and libraries with extensive resources.

The BSc (Hons) Business Economics (Industry) course at Lancaster University equips students with a strong foundation in economics, business, and analytical skills, positioning them for successful careers in various industries. The combination of theoretical knowledge, practical applications, and industry experience provides graduates with a competitive edge in the job market.

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Location

Lancaster

Pollster Education

Score

IELTS: 6.5

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Tuition Fee

£ 22650

Undergraduate Entry Requirements:

Academic Qualifications: Applicants are generally required to have achieved a minimum percentage of 75 or above in their high school or equivalent qualification. The specific percentage requirements may vary depending on the program and the country of education. It is advisable to refer to the university's official website or contact the admissions office for the most accurate and up-to-date information regarding the percentage requirements for specific courses.

English Language Proficiency: 

  • IELTS: The minimum IELTS score required for undergraduate admissions at Lancaster University is typically 6.5 or higher, with no individual component score lower than 6.0.  
  • TOEFL: For the TOEFL test, Lancaster University usually requires a minimum score of 87 with no band less than 17 in individual sections Reading, Listening, Speaking, and Writing
  • PTE: Lancaster University accepts the Pearson Test of English (PTE) as well. The minimum PTE score required for undergraduate admissions is typically 58 or higher, with no component score below 42. 

Students must provide:

  • academic marksheets & transcripts
  • letters of recommendation
  • a personal statement - SOP
  • passport
  • other supporting documents as required by the university.

It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.

Lancaster University, located in the United Kingdom, recognizes the importance of providing financial assistance to international students. The university offers a range of scholarships and funding opportunities to support talented and deserving international students.

  1. Global Scholarships: Lancaster University offers a generous Global Scholarship program specifically for international students. These scholarships are awarded based on academic merit and can significantly contribute towards tuition fees. The Global Scholarships are available for both undergraduate and postgraduate students.

  2. Regional Scholarships: Lancaster University also offers scholarships targeted at specific regions around the world. These scholarships aim to attract and support high-achieving students from specific countries or regions. The eligibility criteria and application process may vary for each regional scholarship.

  3. Subject-specific Scholarships: In addition to general scholarships, Lancaster University provides subject-specific scholarships for international students. These scholarships are awarded to students who demonstrate exceptional academic performance and have a strong interest in a particular field of study.

  4. Research Scholarships: For international students interested in pursuing research degrees, Lancaster University offers research scholarships. These scholarships provide financial support for students undertaking research projects or doctoral studies.

  5. External Scholarships: Lancaster University encourages international students to explore external scholarship opportunities as well. The university provides guidance and support in identifying and applying for external scholarships offered by government bodies, organizations, and funding agencies.

Lancaster University's BSc (Hons) Business Economics (Industry) course offers excellent career prospects for graduates. The program equips students with a strong foundation in economics and business, along with practical skills that are highly valued in the industry.  

  1. Economic Analyst: Graduates can pursue careers as economic analysts, working in research firms, consulting companies, or government agencies. They analyze economic data, market trends, and industry developments to provide insights and make informed recommendations.

  2. Financial Analyst: The program prepares students for roles as financial analysts, where they assess financial data, conduct investment research, and provide recommendations on investment decisions. Graduates can find opportunities in banks, investment firms, and corporate finance departments.

  3. Business Consultant: With their strong analytical and problem-solving skills, graduates can work as business consultants, helping organizations improve their performance, optimize processes, and make strategic decisions. They provide expert advice and solutions to improve efficiency and profitability.

  4. Market Research Analyst: Graduates can pursue careers as market research analysts, collecting and analyzing data to identify market trends, consumer preferences, and competitive landscapes. They help companies understand customer needs, develop effective marketing strategies, and make informed business decisions.

  5. Policy Analyst: The program equips students with the skills to analyze economic policies and their impact on businesses and society. Graduates can work in government agencies, think tanks, or non-profit organizations, providing valuable insights and recommendations for policy development and implementation.

  6. Entrepreneurship: Some graduates choose to start their own businesses and become entrepreneurs. The knowledge of economics and business acquired during the course prepares them to identify market opportunities, develop business plans, and manage operations effectively.

  7. Data Analyst: The increasing importance of data in business decision-making opens up opportunities for graduates to work as data analysts. They collect, analyze, and interpret data to extract meaningful insights, support decision-making processes, and drive business growth.

  8. Further Studies: Graduates may also choose to pursue advanced studies by enrolling in master's or doctoral programs in economics, finance, or related fields. This can open up opportunities for research, teaching, or specialized roles in academia or research institutions.

The strong analytical, problem-solving, and communication skills developed during the BSc (Hons) Business Economics (Industry) course at Lancaster University make graduates highly sought after by employers in various sectors. The program's industry focus, practical approach, and strong academic reputation further enhance graduates' employability.

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