Master of Accountancy
The Master of Accountancy (MAcc) program at Western Illinois University offers a compre...
Bachelor of Business in Economics
Macomb, Illinois
INTAKE: Jan & Aug
Program Overview
The Bachelor of Business in Economics at Western Illinois University (WIU) is designed to provide students with a robust understanding of economic principles within a business context. This program integrates core economic theories with practical business applications, preparing students for careers in various sectors including finance, government, and corporate management. The curriculum emphasizes analytical skills, economic modeling, and strategic decision-making, equipping graduates with the tools needed to navigate complex economic environments and contribute effectively to their chosen fields.
AACSB-Accredited: The Bachelor of Business in Economics at WIU benefits from the university's accreditation by the Association to Advance Collegiate Schools of Business (AACSB). This prestigious accreditation signifies that the program meets high standards of excellence in business education. It ensures that students receive a quality education that is recognized and respected by employers and graduate schools worldwide, reflecting WIU's commitment to providing top-tier business education.
Curriculum: The curriculum for the Bachelor of Business in Economics is designed to balance theoretical knowledge with practical application. Students begin with foundational courses in microeconomics, macroeconomics, and quantitative methods. Advanced coursework includes topics such as International Economics, Managerial Economics, and Econometrics. The program also incorporates business-related courses such as Financial Accounting, Corporate Finance, and Marketing, providing a comprehensive business education. Elective options allow students to specialize in areas such as financial analysis or economic policy.
Research Focus: Research within the Bachelor of Business in Economics program at WIU often revolves around applied economic analysis and business-related economic issues. Faculty and students engage in research on topics like economic forecasting, market analysis, and policy impact. The program encourages student involvement in research projects, providing opportunities to work on real-world economic problems and contribute to the field’s understanding of current economic challenges and trends.
Industry Engagement: Industry engagement is a key component of the Bachelor of Business in Economics program at WIU. The program offers opportunities for internships, cooperative education, and partnerships with local businesses and organizations. These experiences allow students to apply their academic knowledge in practical settings, gain industry insights, and build professional networks. Engagement with industry professionals through guest lectures, workshops, and networking events further enhances students' readiness for the job market.
Global Perspective: The Bachelor of Business in Economics at WIU incorporates a global perspective by examining international economic issues and global market trends. Students explore topics such as global trade, international finance, and the economic implications of globalization. This global focus prepares graduates to understand and navigate the complexities of the international economic landscape, which is increasingly relevant in a connected world economy.
Location
Macomb, Illinois
Score
IELTS 6
Tuition Fee
USD 20750
Undergraduate Entry Requirements
Application Fee: $50
Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 65% or above in their previous academic qualifications.
English Language Proficiency:
- IELTS: Overall band score of 6.0 with a minimum of 5.5 in each component.
- TOEFL: Overall score of 73 or higher.
- PTE: Overall score of 49 or higher.
- DET (Duolingo English Test): Overall score of 100.
Western Illinois University (WIU) offers several scholarships to international students to assist them in financing their education. These scholarships are awarded based on academic achievement, talents, leadership, and other criteria.
Presidential Scholarships: These scholarships are among the most prestigious at WIU and are awarded to academically exceptional students. They cover a significant portion of tuition costs and are renewable for up to eight semesters.
International Commitment Scholarships: WIU offers a range of international commitment scholarships to incoming international undergraduate students. These scholarships are based on academic merit and are available at varying levels of funding.
International Transfer Scholarships: Transfer students from international institutions can apply for transfer scholarships to help fund their education at WIU. The scholarship amounts may vary based on academic achievement.
Global Excellence Scholarships: These scholarships are designed to recognize and support outstanding international students. They are awarded based on academic performance, leadership, and community involvement.
International Peace Scholarship: WIU offers this scholarship to female international students who have a strong commitment to international understanding and peace. It's part of the P.E.O. International Peace Scholarship Fund.
College and Departmental Scholarships: Various colleges and departments within WIU offer scholarships to international students pursuing specific fields of study. Eligibility criteria and award amounts may vary by department.
Foundation Scholarships: WIU's Foundation administers a wide range of scholarships, some of which are available to international students. These scholarships are often based on specific majors or criteria defined by donors.
External Scholarships: International students are encouraged to explore external scholarship opportunities, both in their home countries and through international organizations, to help finance their education at WIU.
Fulbright Scholar Program: While not directly administered by WIU, international students can apply for the prestigious Fulbright Scholar Program, which provides funding for academic and cultural exchange opportunities in the United States.
To apply for scholarships at WIU, international students typically need to submit an application for admission and a separate scholarship application, if required. Deadlines and eligibility criteria can vary.
The Bachelor of Business in Economics from Western Illinois University (WIU) provides graduates with a diverse range of career opportunities across multiple sectors. The program’s comprehensive curriculum and focus on practical application equip students with valuable skills for various roles in the economic and business arenas.
Economic Analyst: Graduates can work as economic analysts, where they analyze economic data and trends to provide insights and forecasts for businesses, government agencies, and financial institutions. They use statistical tools and economic models to interpret market conditions, evaluate economic policies, and support strategic decision-making.
Financial Consultant: Financial consultants offer expert advice on financial planning, investment strategies, and wealth management. They assess clients' financial situations and goals, recommend investment opportunities, and help in planning for retirement and managing risks. Their role involves analyzing financial data and trends to make informed recommendations.
Market Research Analyst: Market research analysts study market conditions to identify potential sales opportunities and consumer preferences. They design and conduct surveys, analyze data, and provide reports on market trends. Their work helps companies develop effective marketing strategies and improve their product offerings.
Policy Analyst: Policy analysts research and evaluate the effects of public policies on economic and social issues. They work with government agencies, think tanks, or advocacy organizations to analyze data, assess policy impacts, and recommend changes or new initiatives based on their findings.
Management Consultant: Management consultants assist organizations in improving their efficiency and solving complex business problems. They analyze business processes, develop strategies for improvement, and help implement changes to enhance organizational performance. Their work often involves data analysis and strategic planning.
Investment Banker: Investment bankers assist clients in raising capital, managing investments, and navigating mergers and acquisitions. They analyze financial data, develop financial models, and provide strategic advice to help clients achieve their financial goals.
Corporate Finance Analyst: Corporate finance analysts work within companies to manage financial activities, including budgeting, forecasting, and investment analysis. They assess financial performance, develop financial strategies, and support decision-making processes related to investments and capital management.
Economic Development Specialist: Economic development specialists work with local governments, businesses, and community organizations to promote economic growth and development. They analyze economic trends, develop strategies for business attraction and retention, and support initiatives to enhance regional economic vitality.
Banking Professional: Graduates may pursue careers in banking roles, such as loan officers or credit analysts. These professionals assess creditworthiness, manage loan portfolios, and provide financial advice to clients. They play a key role in the lending and financial services industry.
Academia and Research: For those interested in further education or research, the Bachelor of Business in Economics can serve as a foundation for advanced studies. Graduates may pursue graduate degrees in economics, business, or related fields and contribute to academic research or teaching in the discipline.
