Bachelor of Economics in USA

Bachelor of Economics in USA

Bachelor of Economics in USA
Meena TamangThu May 19 2022

Economics is regarded as one of the major disciplines of study that combines business, management, policy, politics, sociology, psychology and history. In addition, a degree in economics enhances your mathematical and statistical skills applicable in business, finance and the public sector. 

With a bachelor's degree in economics, you will be able to create a solid career foundation in business, corporate, government, or with a nonprofit organization. In this program, you will study how societies, governments, businesses, households, and individuals create, use, manage, and distribute resources.

In addition to all these scopes, studying a bachelor's degree in Economics in the USA itself could be an opportunity as the US is the biggest economy in the world. Bachelor of Economics (B.E.) in the USA is a 4-year course offered by some of America's top universities.

The tuition for the program is anywhere in the range of $16,000 to $38,000 per year. Similarly, the average annual salary with an undergraduate degree in Economics in the USA might be around $78,000.

Why study Bachelor of Economics in the (US) United States?

  • Widely recognized courses offer broad career perspectives in and outside the USA.
  • Several scholarships and other funding opportunities exist
  • Bachelor of Economics in the USA leads to lucrative careers such as Economists, Financial analysts, Foreign trade analysts, Public policy analysts, Program administrators, Tax auditors, Economic forecasters, Market analysts and Government officials
  • In the United States, approximately 1,600 job openings for economists are expected each year, with the employment of economists expected to grow by 13% between 2020 and 2030
  • High entry-level median salary of $53,848 per year can be expected

Top Universities for Bachelor of Economics in USA

Several top universities in the USA offer Bachelor's degrees in Economics. It is commonly available as a Bachelor of Arts in Economics, a Bachelor of Science in Economics, and a BBA in Economics.

University

Program

Colorado State University

Bachelor of Arts in Economics

Wichita State University

Bachelor of Business Administration in Economics

University of Maryland Baltimore County

Bachelor of Arts in Economics 

Portland State University

Bachelor of Arts in Economics

University of Nevada Las Vegas

Bachelor of Arts in Economics

The University of Arizona

Bachelor of Arts in Economics

Pennsylvania State University

Bachelor of Science in Economics

Winona State University

Bachelor of Arts in Economics

Binghamton University

Bachelor of Science in Economics

University of Michigan flint

Bachelor of Arts in Economics 

Virginia State University

Bachelor of Science in Economics and Finance

University of Idaho

Bachelor of Science in Economics

The University of Texas at Arlington

Bachelor of Science in Economics

Florida International University

Bachelor of Arts in Economics

Bachelor of Economics in USA: Tuition fees

A Bachelor of Economics in the USA is mostly offered as a 4-years degree. The cost of a Bachelor of Economics in the USA for international students is as follows:

University

Duration

Tuition fee per year

Colorado State University

4 years

$21,743

Wichita State University

4 years

$32,500

University of Maryland Baltimore County

4 years

$31,200 

Portland State University

4 years

$29,286

University of Nevada Las Vegas

4 years

$24,984

The University of Arizona

4 years

$36,351 

Pennsylvania State University

4 years

$36,372

Winona State University

4 years

$16,524

Binghamton University

4 years

$24,910 

University of Michigan flint

4 years

$23,993

Virginia State University

4 years 

$16,542

University of Idaho

4 years

$27,876 

The University of Texas at Arlington

4 years

$26,874

Florida International University

4 years

$18,566

University Specific Entry Requirements

Colorado State University

  • Language test: Minimum TOEFL score of 72 or IELTS score of 6.0 or SAT evidence-based reading and writing score of 520
  • Requirements: A higher secondary certificate

Wichita State University

  • Language test: Minimum TOEFL score of 72 or IELTS score of 6.0 or SAT Critical Reading or Evidence-Based Reading and Writing score of 410
  • Requirements: A higher secondary certificate

University of Maryland Baltimore County

  • Language test: TOEFL score of 80 or IELTS score of 6.5 or SAT evidence-based reading and writing score of 500
  • Requirements: A higher secondary certificate

Portland State University

  • Language test: TOEFL score of 71 with a minimum subscore of 15 in reading and writing or an overall IELTS score of 6.0 with a minimum sub-score of 6.0 in reading and writing or PTE score of 53 or SAT evidence-based reading and writing score of 560
  • Requirements: A higher secondary certificate with an average GPA of 2.5 (out of 4.0)

University of Nevada Las Vegas

  • Language test: TOEFL score of 61 or IELTS score of 6 or SAT reading/writing score of 480
  • Requirements:  A higher Secondary Certificate with a minimum GPA of 3.0 OR 1120 SAT evidence-based reading & writing and math score of 1120 OR composite ACT score of 22

University of Arizona

  • Language test: TOEFL score of 79 or IELTS score of 6.5 or SAT evidence-based reading and writing score of 580 or higher
  • Requirements: A higher secondary certificate with a minimum grade of B (60 out of 100)

Pennsylvania State University

  • Language test: TOEFL score of 80 or IELTS score of 6.5 or SAT evidence-based reading and writing score of 570 or higher 
  • Requirements: A higher secondary certificate

Winona State University

  • Language test:  TOEFL scores of 68 or IELTS score of 5.5 or PTE score of 47 or SAT evidence-based reading and writing score of 1060.
  • Requirements: A higher secondary certificate

Binghamton University

  • Language test: TOEFL score of 80-95 or IELTS score of 6.5-7 or SAT evidence-based reading and writing score of 530-640
  • Requirements: A higher secondary certificate

University of Michigan flint

  • Language test: TOEFL score of 61 (Internet Based) or 500 (Paper Based)or IELTS (Academic Writing NOT General Training) score of 5.5 or SAT score of 480(old SAT score) or 26(new SAT score- reading)
  • Requirements: A higher secondary certificate

Virginia State University

  • Language test: TOEFL score of 500 (173 for the computer-based test) and (61 or higher for the internet test) or IELTS score of 5.5 or above
  • Requirements: A higher secondary certificate
  • Students younger than 21 years of age must submit test scores. Scores must be sent directly from the ACT or the College Board

University of Idaho

  • Language test: TOEFL score of 70 or an IELTS score of 6.0 or SAT evidence based reading and writing minimum score of 550
  • Requirements: A higher secondary certificate with a minimum GPA of 2.5 on a 4.0 scale basis

Bachelor of Economics in the USA: Scholarships

The United States is known for its investment in the education sector. One of the reasons why students from worldwide are attracted to study in the US is the volume of scholarships and financial aid provided by US institutions. 

Numerous scholarships, awards, fellowships, and bursaries are available to international students in the USA. Universities even have departmental scholarships reserved for students of specific subjects. Some of the scholarships offered to international students of Economics at different universities are listed below.

University

Scholarship

Amount

Wichita State University

SGA & SLB Dreamer Scholarship

$500 to $1,500

Winona State University

Echo Huang College of Business Scholarship for International students.

$1500 per academic year

University of Michigan flint

Maize & Blue Merit Scholarship

Up to $10,000 per year

University of Idaho

Idaho Scholarship

Up to $15,000

The University of Texas at Arlington

Maverick Academic Scholarship

Up to $8,000 annually 

Pursuing any higher education in a foreign land adds up to a significant cost. Living and pursuing a bachelor's degree in Economics in the USA is certainly not an exception. Therefore, finding the least amount of financial assistance could be of great relief. 

Besides scholarships, many institutes offer fee waivers, allowances, accommodation or travel arrangements, etc as financial assistance. On-campus jobs might also be of great help while studying in the USA.

Bachelor of Economics in USA: Scope

Bachelor's degrees in economics offered by universities and colleges teach students how to optimize all economic actions in order to improve the well-being and prosperity of economic entities and consumers. These skills will prepare graduates to enter the business world with high demand skills.

The scope of a degree in economics is wide. It carries multiple career options. Some of the potential positions in the field of economics include, but are not limited to:

  • Economists
  • Commodities/stockbroker
  • Financial analyst
  • Economic forecaster
  • Trust administrator
  • Loan counsellor
  • Foreign trade analyst
  • Tax auditor
  • Natural resource analyst
  • Educator
  • Researcher
  • Community organizer
  • Program administrator
  • System evaluator
  • International trade specialists.

Likewise, almost all top-ranking corporate companies and governments as well as those working in public sectors hire professionals and economic analysts. Some top recruiters for economics professionals are-: 

  • Fastenal Company
  • Wachovia Corp.
  • America West Airlines
  • Bank of America, 
  • Lucini & Associates, 
  • Casino Data Systems
  • Comstock Bank
  • Dean Witter Reynolds, Inc.
  • Federal Aviation Administration
  • Hibbs Law Offices
  • Jake's Crane & Rigging, Inc.
  • Merrill Lynch & Company
  • Prudential-Bache Securities
  • Sierra Pacific Power Company

By working in different positions with a degree in Economics, you can earn well. However, you must keep in mind that with experience, you will have to pursue1 higher degrees too. A Master's degree in Economics in the USA is undeniably the best option after you complete your bachelor's degree. 

Job Title

Range

Average

Financial Analyst

$49,000 - $82,000

$63,499

Data Analyst

$46,000 - $86,000

$62,698

Project Manager

$67,000 - $104,000

$84,058

Research Analyst

$43,000 - $78,000

$56,745

Business Analyst

$48,000 - $82,000

$62,588

Financial Manager

$70,000 - $132,000

$102,582

Investment Analyst

$49,000 - $92,000

$65,279

Marketing Director

$69,000 - $168,000

$133,513

Economist

$44,000 - $122,000

$72,901

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