MSc Accounting and Financial Management
Lancaster University, located in the UK, offers an esteemed MSc Accounting and Financia...
BSc (Hons) Economics (Industry)
Lancaster
INTAKE: October
Program Overview
Lancaster University's BSc (Hons) Economics (Industry) program is designed to provide students with a strong foundation in economic theory and its practical application within various industries. This innovative degree combines rigorous academic training with hands-on experience, preparing graduates to excel in dynamic and competitive professional environments. Students explore core concepts in microeconomics, macroeconomics, econometrics, and economic policy, gaining valuable analytical skills and insights. The program also emphasizes industry-specific knowledge and practical skills through industry placements, guest lectures, and real-world projects, ensuring that graduates are well-prepared for successful careers in a wide range of sectors.
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Tailored Curriculum for Industry Relevance: The BSc (Hons) Economics (Industry) program at Lancaster University offers a tailored curriculum that aligns with the needs of modern industries. In addition to core economics modules, students explore specialized topics such as industrial economics, business strategy, and entrepreneurship. This industry-focused approach equips students with the knowledge and skills required to understand economic dynamics within specific sectors, enhancing their employability upon graduation.
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Industry Placements and Internships: One of the unique features of this program is its emphasis on practical experience through industry placements and internships. Lancaster University collaborates with leading companies and organizations to provide students with hands-on learning opportunities. During these placements, students apply theoretical knowledge to real-world challenges, develop professional networks, and gain valuable insights into industry practices. This practical exposure enhances students' readiness for the workforce and strengthens their resumes.
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Expert Faculty and Industry Connections: Students benefit from the expertise of experienced faculty members who have strong ties to industry. The faculty's academic insights combined with practical experience enrich students' learning and facilitate a deeper understanding of economic principles in a business context. Moreover, the university's extensive network of industry partners and alumni opens doors to guest lectures, workshops, and networking events, allowing students to engage directly with professionals in their chosen field.
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Hands-On Projects and Case Studies: Throughout the program, students engage in hands-on projects and case studies that simulate real-world scenarios. These exercises enable students to apply economic theories to practical problems faced by businesses and industries. By analyzing case studies and developing solutions, students hone their critical thinking, problem-solving, and decision-making skills, preparing them for the challenges of the workplace.
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Career Development Support: Lancaster University offers comprehensive career development support to BSc (Hons) Economics (Industry) students. Career advisors provide guidance on resume building, interview preparation, and job search strategies tailored to industry roles. The university also organizes career fairs, employer presentations, and skill-building workshops to enhance students' employability and help them transition smoothly from academia to the workforce.
Location
Lancaster
Score
IELTS: 6.5
Tuition Fee
£ 22650
Undergraduate Entry Requirements
Academic Qualifications: Applicants are required to have achieved a minimum 75% or above in their high school or equivalent qualification.
English Language Proficiency:
- IELTS: The minimum IELTS score required is 6.5 or higher, with no individual component score below 6.
- TOEFL: The minimum TOEFL score is 87 or higher, with minimum 17 in each individual section.
- PTE: The minimum PTE score required is around 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 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.
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.
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.
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.
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.
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.
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) Economics (Industry) program is specifically designed to prepare graduates for successful careers in various sectors, leveraging their strong foundation in economic theory and practical industry knowledge. The program equips students with a diverse skill set and valuable experiences that enhance their employability across a wide range of professions.
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Industry Analyst: Graduates can pursue roles as industry analysts, where they apply their economic knowledge to analyze market trends, assess industry performance, and evaluate competitive landscapes. Industry analysts play a crucial role in helping businesses make informed decisions regarding market positioning, strategic planning, and investment opportunities.
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Business Consultant: With a deep understanding of economic principles and industry dynamics, graduates are well-suited for roles as business consultants. They provide strategic advice to companies on improving efficiency, optimizing operations, and navigating economic challenges. Business consultants help organizations identify growth opportunities, manage risks, and implement effective business strategies.
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Financial Analyst: Many graduates of the BSc (Hons) Economics (Industry) program pursue careers as financial analysts in banking, investment firms, or corporate finance departments. They analyze financial data, assess investment opportunities, and make recommendations based on economic factors and market conditions. Financial analysts play a critical role in portfolio management, risk assessment, and financial decision-making.
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Policy Advisor: Graduates interested in public policy and government affairs can pursue roles as policy advisors or researchers. They contribute to shaping economic policies at local, national, or international levels, providing insights on economic trends, regulatory impacts, and policy effectiveness. Policy advisors work in government agencies, non-profit organizations, or think tanks, influencing public policy decisions.
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Market Researcher: The analytical skills developed during the program make graduates well-suited for roles in market research and data analysis. They gather and interpret data to understand consumer behavior, market trends, and competitive landscapes. Market researchers provide valuable insights to businesses for product development, marketing strategies, and customer targeting.
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Entrepreneurship and Start-ups: Some graduates choose to leverage their economic knowledge and industry expertise to start their own businesses or join entrepreneurial ventures. The program equips students with the skills to assess market opportunities, develop business plans, and manage resources effectively. Entrepreneurial graduates contribute to innovation and economic development by launching successful ventures.
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Supply Chain and Logistics Management: Graduates interested in operations and supply chain management can pursue roles in logistics, procurement, or supply chain optimization. They apply economic principles to streamline processes, minimize costs, and enhance efficiency within supply chains. Graduates contribute to improving operational performance and sustainability in various industries.
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Further Education and Research: Some graduates may choose to pursue postgraduate studies or research positions to deepen their expertise in specific areas of economics or industry specialization. A BSc (Hons) Economics (Industry) degree from Lancaster University provides a strong academic foundation for advanced studies in economics, business, or related fields.
