collageEconomics programs are among the most popular on educations.com. That’s why we decided to make it easier for our visitors to find the right program for them in this highly competitive field of study.
We worked backwards from traditional rankings with our own twist. Because the United States and United Kingdom dominate the rankings, we wanted to show you a larger glimpse of what the world has to offer and place a larger focus on some of the factors that you’ve told us are important to you such as desirability of the location and a sizable international student body..
If you have the opportunity to study economics abroad, what country will you choose? Studying economics abroad will open a lot of doors for you as you dig into this college major. Also, one good reason why take economics abroad is that it’s a high-paying career, and they’re in demand.
best country to study and earn money
People are compelled to move to a country where they feel they will live a better life for personal reasons and mitigating circumstances. They must take into account the quality of life, educational opportunities, and job prospects in their chosen country. With many job and study opportunities, different work permits, flexible visa policies, and the ease of obtaining a visa, the country should be immigrant-friendly.
Immigration Friendly Countries
What makes a nation “immigration-friendly” in the first place? Flexible work permits, simple immigration guidelines, job and service availability, and a friendly community are just a few examples. It’s difficult to stay informed about existing post-study job prospects in foreign countries as immigration, visa regulations, and work permit requirements tighten across the board. We provide our valued readers with a detailed list of countries that provide the best opportunities for students looking to study abroad while still being immigration-friendly.
Nigerian students who wish to study abroad choose to study in countries that welcome immigrants. A country’s immigration friendliness is determined by factors such as a stable economy, simple immigration visa policies and work permits, high-quality education, and post-study work opportunities. Because of their thriving job market and vibrant cultural amalgamation, countries like Canada, the United States, Australia, New Zealand, Singapore, and Germany are considered the most immigration-friendly countries in the world.
Post-Study Work Visa
Simply put, a post-study work visa is a period during which a student is allowed to stay after graduation or post-graduation to look for work in his field of study. Different countries have different requirements for obtaining a post-study work visa. Although some countries are more lenient in allowing foreign students to stay and work alongside locals after graduation, others are more rigid in protecting their job market integrity and can make life complicated for students by complicating and twisting the rules for obtaining a post-study work visa.
Work Permit after Study
International students should be aware that a work permit visa can only be applied for by an employer for their workers. When a student obtains a full-time job opportunity during his post-study work visa, his employer is expected to apply for the work permit.
Countries with the Most Immigration Friendly Policies
As previously mentioned, various countries have varying lengths of stay for post-study work visas. Let’s take a look at the existing job prospects, post-study work visa choices, and other key features of the countries most frequently visited by Indians, which also happen to be some of the most immigration-friendly destinations.
In this post, we have listed the most immigration-friendly countries for Nigerian students. You will also find details of the factors that make the country immigration friendly and suitable for international student to pursue their education.
1. Canada
Canada could be the best place for those who want to immigrate to an English-speaking country and value comfort and protection above all else. The country is one of the world’s most welcoming countries to immigrants. The United Nations has ranked it as one of the best places to live in the world. The nation has a liberal immigration policy and has in the past given safe passage to immigrants. Canada intends to keep its policy of accepting immigrants while also recognizing their contribution to the country’s economic development.
Canada expects to raise its immigration targets to one million immigrants by 2022 as part of its 2019-21 immigration programme. Canada is facing a shortage of skilled workers because the Canadian population has not increased at the appropriate rate, to foster the presence of skilled workers to replace those who are retiring. As a result, the country is searching for replacements among foreign employees.
Canada also has some of the world’s best institutions. The nation has a low rate of crime and crime, as well as a high living standard. All of these factors combine to make it one of the most popular immigration destinations.
2. Germany
This beautiful country is unquestionably one of the best places to study abroad. Germany has several programs and degrees that provide free education to foreign students of all nationalities. International students, on the other hand, must contend with the country’s high living costs to remain in the country. Without a work permit, they can work for up to 90 days per year.
Germany now has a population of over 9 million foreigners. Thousands of migrants arrive in Germany each year in search of a better life. People of various nationalities, religions, educational backgrounds, and occupations have contributed to Germany’s cultural mosaic. Germany is a popular destination for migration because it is well known for its comprehensive welfare system. The principle of the welfare system is enshrined in the law.
In this way, Germany pledges to protect its citizens’ natural bases of life in addition to their rights. If an individual is unable to care for himself, the state will. If an individual is capable of caring for himself but not sufficiently to live with dignity, the state can assist.
Many who do not operate in Germany are eligible for assistance. Unemployment benefits are available to someone unemployed: 60 percent of last net wages for those without children and 67 percent for those who do. Economic migrants often take advantage of the allowance scheme, as incentives are paid even to those who have never served in Germany. All they have to do now is file as “unemployed.”
Immigrants have the same rights as any other German resident under the basic equality statute. Family reunification, company investment, job offers, and research are some of the most commonly accepted visas. Financial stability proof is necessary in all cases. Professional employees are favored once again.
3. New Zealand
What is there not to love about New Zealand? One of the most admired countries in the world, New Zealand has become incredibly multicultural, with many foreign-born citizens calling it their home.
Despite their economic prosperity, New Zealand has been experiencing the problem of skills shortage and is actively looking to attract qualified, knowledgeable people from all parts of the globe. Job opportunities are diverse and, in some areas, are better paid than in Europe. Skilled Migrant/Business/Entrepreneur visas are a popular choice for people wanting to move to New Zealand.
The New Zealand government maintains an interactive website with details on locating services, colleges, visa information, work opportunities, and other topics. International students may apply for a post-study work visa that will last for up to four years.
New Zealand’s standard of living is much superior to that of many Western countries, but that isn’t the only explanation for its popularity among immigrants. The nation ranks among the top ten countries in the World Human Development Index, which measures life expectancy, literacy, education, and living standards. New Zealand appears to be one of the most business-friendly countries, making it perfect for entrepreneurs. The country also has an excellent public healthcare system, offering free or heavily subsidized medical care, making it popular for families and placing it among the easy countries to immigrate to.
4. Singapore
Singapore is regarded as one of Asia’s most industrialized nations, with immigration and citizenship laws that are relatively liberal. It has a high human development index and has long been a popular immigration destination for Malaysians, Chinese, Indians, and Indonesians.
Singapore’s visa application process is very special. When you’re accepted, the university will give you a student visa along with your acceptance letter! Staying in this country and working can be just as easy.
One choice is to apply for the Singapore government’s Tuition Grant Scheme. This will cover your tuition costs in exchange for you signing a contract agreeing to work for three years at a Singapore-registered company after graduation. If you don’t get the grant, you should look for a job and apply for a one-year non-renewable Long Term Visit Pass.
5. Australia
Australia is regarded as one of the best countries in the world for higher education. The nation, on the other hand, is a major center for student migration. Despite the high tuition fees at Australian universities, it is one of the most common immigration destinations.
Although it is a relatively expensive place to live, the average wage more than compensates. All of this adds up to Australia being the safest and easiest country in which to immigrate. Adelaide, Melbourne, and Perth are three of the world’s most livable cities; however, Australia is also known for its vast open spaces, pleasant weather, and stunning beaches.
However, people over the age of 45 are rarely granted residency visas in the country. Furthermore, being fluent in English is extremely beneficial. Applicants with specialized skills are more likely to be accepted. Another way in, similar to New Zealand, is by work offers in hard-to-fill agricultural positions. You won’t start at the top of the rung, but if you don’t mind manual labor, it’s a good choice.
6. Denmark
The best thing about immigrating to Denmark is that the Positive List Scheme, which lists jobs with a labor shortage in various industries such as engineering, academics, education, information technology, healthcare, and medicine, provides applicants with immediate work and resident permits.
Land surveyors, pharmacists, auditors, pharmacologists, market analysts, legal counselors, lawyers, and psychologists are among the other groups. This scheme allows for a four-year initial stay, which can be prolonged if the individual stays in the same position.
Another work-related visa policy is the Pay Limit Scheme, which is for people who have received job offers from Danish companies but whose wages fall below certain thresholds. The initial residency and work permit is valid for four years, but it can be extended if you continue to work in the same career. Family members, such as spouses or friends, and children under the age of 18 who live with the applicant, are eligible for residency permits under both schemes. Similarly, the partner is permitted to work during the same time frame.
7. Paraguay
If you are planning on shifting your bases to South America, Paraguay is your gateway to enjoying a relaxed atmosphere, with plenty of natural sceneries. The taxes are low, the economy is stable, and the cost of living is relatively low.
Paraguay’s immigration policies are less complicated. Within three years, an individual may become a permanent resident, then wait another three years to become a citizen. Immigrants may obtain permanent residency by purchasing a 10-hectare agricultural plot of land or depositing $4,500 in the Central Bank of Paraguay.
The easiest way to get into the country is to start a business or buy agricultural property. If your application is approved, you will be prohibited from leaving the country for more than three years.
8. Denmark
The Positive List Scheme, which lists positions with a labor shortage in various industries such as engineering, academia, education, information technology, healthcare, and medicine, provides applicants with immediate work and residency permits. Land surveyors, pharmacists, auditors, pharmacologists, market analysts, legal counselors, lawyers, and psychologists are among the other groups. This scheme allows for a four-year initial stay, which can be prolonged if the individual stays in the same position.
Another work-related visa policy is the Pay Limit Scheme, which is for people who have received job offers from Danish companies but whose wages fall below certain thresholds. The initial residency and work permit is valid for four years, but it can be extended if you continue to work in the same career. Family members, such as spouses or friends, and children under the age of 18 who are still living with the claimant, are eligible for residency permits under both systems. Similarly, the partner is permitted to work during the same time frame.
9. France
How appealing is the idea of retiring in France to you? The first step in immigrating to France as a non-EU resident is to receive a long-stay visa. This visa can only be obtained at the applicant’s home country’s French embassy and is required for anyone intending to remain in France for more than three months. Prospective migrants may then apply for a one-year temporary residency permit or a permanent residence permit (valid for ten years and renewable).
To apply for a residency permit, you must have lived in France for five years. You will apply for French citizenship after five years of residency. Education, housing, and other benefits are available to residents and people alike. Only people, however, have the right to vote. As a French citizen, you will also become a member of the European Union, allowing you to freely travel between EU countries.
10. The United Kingdom
The United Kingdom is a culturally diverse and friendly location, making it one of the top study abroad destinations for a variety of reasons. You would be able to communicate with others, make friends, and excel academically due to the lack of a language barrier.
Furthermore, UK universities are regularly ranked among the world’s best. As a result, you’ll be completely prepared for a demanding future after you graduate. And the fact that foreign students will stay for two years after graduation to look for work or study just adds to the good news.
Types of economics degrees
There are a number of degrees you can study that are connected to economics, either concentrating on a specific area, or as a related branch of the subject. Some of the different types of economics degrees include:
- Finance
- Applied economics
- Business economics
- Social economic policy
- Commerce
- Agricultural economics
It’s also possible to study economics as a joint degree, for example you can study economics with politics, history or psychology. Choosing to study an economics subdiscipline or joint degree is a good way of focussing your degree in the area you’re most interested in.
Why study economics abroad
Economics impacts every aspect of our lives, from our own individual financial decisions, to the policies of governments and business. Studying economics abroad is a great way of broadening your experience by seeing first hand how another country and society deals with financial issues.
With the increase of international trade and globalization, studying abroad can give you valuable insight that will enhance your understanding of the subject. Not only that, but studying economics abroad is a great way to experience a new culture, improve your language skills and make lifelong friendships.
Top 10 Universities to Study Economics in 2022
Economics programs are among the most popular on educations.com. That’s why we decided to make it easier for our visitors to find the right program for them in this highly competitive field of study.
We worked backwards from traditional rankings with our own twist. Because the United States and United Kingdom dominate the rankings, we wanted to show you a larger glimpse of what the world has to offer and place a larger focus on some of the factors that you’ve told us are important to you such as desirability of the location and a sizable international student body.
Read on for our top picks for international students interested in studying Economics:
The United States
Massachusetts Institute of Technology, United States
Ranked 1st in the world for economics in 2017 by the QS rankings, MIT has a renowned undergraduate and graduate program for economics. Senior professors teach introductory courses to incoming undergraduates and are encouraged to develop their research skills with programs like the Undergraduate Research Opportunities Program which connects them to a network of graduate students and faculty members. MIT’s student body is 34% international and their graduates are often employed by international and national organizations making it a highly desirable university for students across the globe.
Harvard University, United States
Ranked 2nd in the world for Economics, Harvard has produced a number of Economics Nobel Laureates. The department sponsors more than 15 seminars a week on a range of topics in Economics from top international and American scholars. The university hosted 9,851 international students in 2016-2017 and truly attracts talent from around the world with their international students heralding from 153 countries.
Eager to attract global students and academics, their international office offers a wide range of services such as employment, visa, and tax help. Their host program, which matches up international graduate students and Boston residents, has been helping students get to know their new home since 1962.
Harvard University offers a range of internships and research assistant positions to undergraduate economics students as well as funding opportunities for research.
The United Kingdom
London School of Economics and Political Science, United Kingdom
Hosting one of the largest Economics departments in the world, the London School of Economics and Political Science is ranked first in the United Kingdom and 5th in the world for Economics.
A truly international experience, LSE’s student body is 71% international and the campus is located in the heart of the metropolitan city of this highly diverse capital ensuring a uniquely international experience.
LSE supports its international students with a student visa advice team to help some of the world’s most talented students sift through the paperwork and begin their studies. The Economics’ department’s research is often focused on global issues such as climate change and economic development making it a wonderful fit for economists looking for a global perspective.
University of Oxford, United Kingdom
Ranked 7th in the world for their Economics program, Oxford welcomed their first international student in 1190 and today has an international student population of 38%.
Looking to promote an even playing field for emerging talent, the international student application route is exactly the same as it is for UK students. International students do receive immigration services support as well as help arranging interviews, course admission tests, and English evaluation.
Members of their Economics Department serve as officials and advisers to numerous international and national organizations and committees. In the most recent UK Research Assessment, REF 2014, Oxford was ranked top in terms of overall research strength, with more research output graded as world-leading in terms of its originality, rigor and significance than did any other economics department in the United Kingdom
The Netherlands
Erasmus School of Economics,The Netherlands
Ranked 44th in the World and 12th in Europe for Economics and Econometrics by QS, Erasmus School of Economics’ international students make up 30% of their student body.
Erasmus School of Economics has two scholarships dedicated specifically to non-EEA students, making it clear that they’re interested in recruiting global academic talent. The school incoming students tackle two issues that are the most challenging for incoming students: visa processes and finding housing.
If you live across the world and are unable to visit all of the campuses that you would like to before applying, Erasmus University ,which Erasmus School of Economics is a part of, has launched a virtual experience that invites students tour the campus, classrooms, and student housing online.
Australia
University of Melbourne, Australia
Ranked 1st in Australia and 25th in the world for Economics, the University of Melbourne has attracted a whopping 40% international student population. The University of Melbourne has been teaching Economics since 1855. The university has a number of specialized research centers including an experimental economics laboratory which tests theories in a controlled, laboratory environment.
International students are accommodated with free airport pick-up service and you can access housing, financial, and well-being support during your move to Melbourne..
Switzerland
ETH Zurich, Switzerland
ETH Zurich is ranked 35th in the world and 1st in Switzerland in Economics. Its Master’s program in Management, Technology and Economics, with its cross-sector collaboration and entrepreneurial thinking make it special. Students have the opportunity to partner their economics studies with an industrial placement of at least 10 weeks. ETH Zurich has an international student population of 38%.
With a well-developed research arm, the department conducts basic and applied research in management, economics, innovation, system dynamics and risk. A great deal of their research works to improve the understanding of technology in organizations, societies and economies. ETH Zurich is interested in innovative teaching methods in addition to research, and continuously seeks feedback on course content and lecturer performance to develop their programs on the basis of student feedback.
China
Hong Kong University of Science and Technology, China
If you’re looking to study abroad in a young, modern university, Hong Kong University of Science and Technology offers international students a lively student lifestyle and an excellent gateway to China. Their Economics department was ranked 24th in the world and 2nd in Asia. More than 60 nationalities are represented in their student body, and 80% of their faculty derive from top overseas universities.
Their Economics department is focused on economic growth and development, the Chinese economy, industrial organization, econometrics and international economics and sponsors regular workshops with top, global scholars.
As an elite research-based university, students still benefit through experiential learning with 70% of their graduates participating in internships.
Canada
University of Toronto, Canada
Ranked 21st in the world, and 1st in Canada for their Economics department, the University of Toronto offers Economics students an internationally-recognized degree. Recruiters from 21 countries rank University of Toronto graduates as one of top three public universities for work-ready alumni.
Faculty members research and teach a wide range of Economics fields that span theory, applied data analysis, and econometric methodology. Economics students studying at U of T are encouraged to collaborate and undertake co-disciplinary studies with the Law and Management faculties.
Their student body originates from 168 countries and regions and showing their commitment to international students, they award the Lester B. Pearson International scholarships to exceptional scholars from around the world.
Italy
Bocconi University, Italy
Ranked 16th in the world and 1st in Italy for Economics, their department avidly recruits top international faculty from around the world. In addition to instruction and research, some members of the Economics Department have been chosen as consultants for international organizations such as the IMF, UN, and World Bank.
Although Bocconi’s percentage of international students stands at 11%, they are actively involved in helping international students achieve an excellent study abroad experience. They offer a series of services and activities to help new students upon arrival and throughout their studies. This includes a crash course and follow-up course in Italian to help new international students have a fulfilling experience in Milan. Help securing housing, academic counseling services, and a host of orientation activities to help international students acclimate to the campus. Additionally, their Bocconi Scholarship for International Students is awarded to select need-based students from around the world pursuing a Master of Science degree.
Selection Criteria
Universities included in our ”Top 10 Universities to Study Economics” list were chosen for a variety of qualitative factors that we hope will help international students find their ideal university abroad.
Factors include the percentage of international students enrolled in the university and services provided to them before, during, and after their studies including internship availability and extra-curriculars. We also took into account global and national rankings of the university, popularity of the study abroad destination and openness of the host-country to international students including ease of application to student visas.
Whenever possible, we took into account student reviews as well as private evaluations emailed to educations.com which indicate the early levels of service provided to prospective international students.
We’ve also tried our best to include universities of varying size located in various countries to help expose prospective international students to a higher variety of study options they have available around the world.
Rankings mentioned in the report refer to the QS Economics & Econometrics 2017 Ranking. Percentage of international students were referenced from Times Higher Education in December 2017.
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