MBM Master of Business Management
The MBM program at the University of Essex is designed to develop well-rounded business...
BSc Economics with Mathematics
Colchester Campus
INTAKE: October
Program Overview
The BSc Economics with Mathematics program at the University of Essex offers students a unique interdisciplinary education that combines the analytical rigor of mathematics with the theoretical insights of economics. This program provides students with a comprehensive understanding of economic theory, quantitative methods, and mathematical modeling techniques, enabling them to analyze complex economic phenomena, make informed policy recommendations, and solve real-world problems. Through a combination of coursework, practical exercises, and research projects, students develop advanced analytical, problem-solving, and critical thinking skills that are highly valued in both academic and professional settings. With a focus on the intersection of economics and mathematics, graduates of this program are well-prepared for diverse and rewarding career opportunities in fields such as finance, consulting, government, academia, and more.
1. Comprehensive Curriculum: The program offers a comprehensive curriculum that covers a wide range of topics in economics and mathematics. Students study microeconomics, macroeconomics, econometrics, and mathematical methods, gaining a solid foundation in both disciplines and understanding how they intersect and complement each other.
2. Analytical Skills: Students develop advanced analytical skills through rigorous coursework in mathematics and economics. They learn to analyze economic data, formulate mathematical models, and apply quantitative methods to address economic issues such as market behavior, resource allocation, and policy evaluation.
3. Mathematical Modeling: The program emphasizes mathematical modeling as a key tool for understanding and analyzing economic phenomena. Students learn how to construct and interpret mathematical models of economic behavior, using techniques from calculus, linear algebra, differential equations, and optimization theory.
4. Applied Economics: Students have the opportunity to apply their knowledge and skills to real-world problems through coursework, research projects, and internships. They explore topics such as labor economics, environmental economics, financial economics, and development economics, gaining insights into contemporary economic issues and policy challenges.
5. Career Preparation: Graduates of the program are well-prepared for diverse career opportunities in fields such as finance, consulting, government, academia, and more. They may pursue roles as economists, financial analysts, data scientists, policy analysts, or research economists, leveraging their interdisciplinary training and analytical skills to make meaningful contributions to organizations and society.
6. Research Opportunities: The program provides students with opportunities to engage in independent research projects, working closely with faculty mentors to explore topics of interest in economics and mathematics. Students may conduct empirical research, develop theoretical models, or analyze economic data, gaining valuable research experience and skills that prepare them for graduate study or professional research careers.
Location
Colchester Campus
Score
IELTS: 6
Tuition Fee
£ 18600
Undergraduate Entry Requirements
Academic Qualifications: Applicants should have successfully completed their secondary education with a minimum overall score of 70 to 75% or equivalent in their respective country's grading system.
English language proficiency:
- IELTS: A minimum overall score of 6.0 with no individual component below 5.5.
- TOEFL: A minimum overall score of 75.
- PTE Academic: A minimum overall score of 51.
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 entry requirements may vary across different programs and courses. Additionally, meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as the number of available places and competition for certain courses.
The University of Essex offers a range of scholarships and financial support options to assist students in their academic journey. These scholarships are designed to recognize and reward academic excellence, promote diversity and inclusion, and provide assistance to those facing financial challenges.
Academic Excellence Scholarships: The university offers scholarships to outstanding students who demonstrate exceptional academic achievements. These scholarships are typically merit-based and provide financial support towards tuition fees or living expenses.
International Scholarships: The University of Essex provides scholarships specifically designed for international students. These scholarships aim to attract and support talented students from around the world. Eligibility criteria and award amounts may vary, and they may cover a portion of tuition fees or provide assistance with living expenses.
Subject-specific Scholarships: Some departments and schools within the university offer scholarships tailored to specific academic disciplines. These scholarships are often awarded to students with exceptional academic records or those who demonstrate a strong commitment to their field of study.
Access and Participation Scholarships: The university is committed to promoting diversity and inclusion. It offers scholarships and financial support to students from underrepresented backgrounds, including those from low-income families or individuals who are the first in their family to attend university.
Government-funded Scholarships: In addition to internal scholarships, the University of Essex provides information and guidance on scholarships and funding opportunities offered by external organizations and government agencies. These scholarships may be available to students based on factors such as nationality, field of study, or research interests.
Sports Scholarships: The university recognizes the importance of sports and offers scholarships to talented athletes who demonstrate exceptional sporting abilities. These scholarships provide financial support along with access to sports facilities, training programs, and dedicated support services.
It is important to note that scholarship availability, eligibility criteria, and application processes may change over time.
Graduates of the BSc Economics with Mathematics program at the University of Essex are equipped with a unique blend of analytical, quantitative, and problem-solving skills that are highly sought after by employers across various industries. With a solid foundation in both economics and mathematics, graduates have a wide range of career opportunities available to them.
1. Financial Analyst: Graduates may pursue careers as financial analysts, where they use their strong analytical and quantitative skills to analyze financial data, evaluate investment opportunities, and make informed decisions about asset allocation and risk management. They may work for investment banks, hedge funds, asset management firms, or financial services companies.
2. Economist: Graduates may work as economists, conducting economic research, analyzing data, and providing policy recommendations to government agencies, international organizations, think tanks, and research institutions. They may specialize in areas such as microeconomics, macroeconomics, econometrics, or applied economics, contributing to the development of economic policy and the understanding of economic phenomena.
3. Data Scientist: With their proficiency in mathematics and statistics, graduates may pursue careers as data scientists, leveraging their skills to analyze large datasets, extract insights, and develop predictive models that inform business decisions. They may work in industries such as technology, healthcare, finance, or retail, helping organizations make data-driven decisions and solve complex problems.
4. Actuary: Graduates may choose to become actuaries, where they apply mathematical and statistical methods to assess and manage risk in various industries such as insurance, pensions, and finance. They analyze data, develop models, and make recommendations to help organizations understand and mitigate risk, ensuring financial stability and compliance with regulatory requirements.
5. Management Consultant: Graduates may work as management consultants, advising organizations on strategic, operational, and financial matters. They may analyze business processes, conduct market research, and develop recommendations for improving efficiency, reducing costs, and increasing profitability. They may work for consulting firms, corporate advisory groups, or as independent consultants, helping clients navigate complex challenges and achieve their business objectives.
6. Academic Researcher: Some graduates may pursue further studies and careers in academia, conducting research and teaching economics, mathematics, or related subjects at colleges, universities, or research institutions. They may pursue graduate study in economics, mathematics, or related fields, earning advanced degrees such as a master's or doctoral degree, and contributing to the advancement of knowledge in their chosen areas of specialization.
