Malaysia
3 Years
$7,500+ Yearly
Bussiness
Economics can be defined as the study of analyzing and allocating resources. It is a human-based activity that ranges from trading resources to delivering services to exchanging money. It is an integral area of education that intends to teach students meaningful life and professional skills. Study Economics in Malaysia mainly concerns the relationships and links emerging within a resource exchange system and how exactly humans interact with them. Unlike common understanding, Economics covers a lot more than just money. It focuses on and comprehends people’s decisions about money and why. Pursuing economics as a career can help you learn about complicated topics such as tax rates, poverty, inflation, etc. It also ranks among the top ten majors students opt for in the US.
As an economics student, you will likely study various courses, including microeconomics, macroeconomics, econometrics, international economics, public accounting and finance, development economics, labor economics, financial economics, etc. The best universities in Malaysia offering either degree or diploma programs in Economics can be listed as follows:
There are various reasons to study economics in Malaysia, a few top-tier among them can be listed as follows:
Economics offers a framework that can assist in understanding how the different societies around the world allocate available resources and how decisions are made on both collective and individual levels. By enrolling in an economics degree or diploma program, you can gain insights into how the market operates, what influence the governments have on an economy, and what creates an interconnection between the global economic systems. All this information helps us understand the significant things about the world, including international trade, unemployment, inflation, and economic development.
When you Study economics in Malaysia can enrich you with a much more versatile set of skills. You can enhance your analytical skills, allowing you to break down very complex problems and develop logical solutions. Economics might also teach you some quantitative skills, making you proficient at using statistical tools and economic models to analyze market patterns and quickly predict future trends. Skills such as problem-solving and critical thinking can also be adapted by learning economics, allowing you to evaluate opinions while making important decisions and address real-world economic problems with effective yet practical solutions. An economics graduate is likely to make around USD 70,000 per year.
They play a significant role for economists in shaping public policies and addressing societal challenges. They can analyze and determine evidence from economic trends and market patterns to assist policymakers in designing and implementing effective changes and interventions in the existing regulations and policies that can reduce inequality, improve financial outcomes, promote sustainable development, etc. By pursuing a degree and career in economics, you can easily contribute to making important decisions that are informed and can have a positive impact on society.
The global economy tends to evolve continuously, taking the influence of political shifts, technological advancements, and environmental changes. A thorough education in economics can help you better adapt to those changes, for you can understand the underlying principles of economics and implement them in different contexts. This quick adaptation would be integral for you to thrive in the continuously evolving world.
Malaysia is known for being home to all the highly accredited and globally renowned universities that offer the best economics courses. Each of these courses and programs is accredited by professional global bodies such as the Malaysian Qualifications Agency (MQA), which ensures that quality education is offered to students who meet international standards. The curriculum has been rigorously developed with the latest developments in the world’s economy and upcoming trends in mind
Compared to most educational institutions, Malaysian universities offer affordable fee options. By ensuring the best quality education and that global standards are not compromised, Malaysian universities make themselves an attractive destination for students with high-end academic dreams.
Located in the very central heart of Southeast Asia, Malaysia offers strategic access to almost every economically growing state. It is an easy-to-access study destination for students aiming to get a quality education abroad and experience an international perspective of economics at the same time.
Universities of Malaysia are known for offering vibrant campus lives for both local and international students. These all-inclusive educational centers welcome students from varying cultures and allow them to engage with each other, enjoy multicultural festivities, and experience a fun-loving study environment where their academics are always complemented with the best extra-curricular activities to ensure a balanced life.
Economics is a foundational area of study that further expands into many different sub-fields and branches. Studying economics in Malaysia opens up diverse career prospects, including roles in finance, government, consulting, and international organizations. Therefore, students pursuing a degree or diploma in economics are much more likely to get a variety of career prospects to choose from; a few prominent and high-paying careers among them may include:
The core job role of an economist is to conduct thorough research, analyze data and information, and predict upcoming trends and patterns in the world’s economy. Economists can be employed by governmental agencies, international organizations, research institutions, the World Bank, or even private firms. An economist tends to make up to USD 105,000 per year as per an analysis conducted by the US. Bureau of Labor Statistics.
The core job role of a financial analyst is to evaluate and analyze financial data and investment opportunities for businesses and individuals. Based on their analyses, these professionals can offer recommendations for making important financial decisions. They can be employed by investment firms, corporations, insurance companies, banks, etc. A financial analyst can make up to USD 60,00 per year on average.
The role of a policy advisor is to analyze existing public policies related to the economy and develop newer regulations when required. They can also be necessary to assess the impact of those implemented regulations and offer strategic advice based on their analyses. They can make around 55,000 USD on an annual basis and have a much growth-centered career.
An economics consultant offers expert advice on national and international business planning, market analysis, or economic strategies. They can be employed by consultancy firms and multinational organizations or start their consultancy services. Consultants are often likely to begin with a sum of $ 70,000 and there’s a great chance of growth in the longer run.
The job of a data analyst is to analyze complex sets of data, derive insights from them, and, through their analyses and interpretation, support significant decision-making processes. Tech-based companies, financial institutions, market research firms, and even healthcare organizations often hire data analysts. The salary range of data analysts usually begins with USD 65,000 per year and expands up to USD 95,000 per annum.
A market research analyst is usually responsible for studying market conditions, analyzing consumer behavior thoroughly, and predicting upcoming sales trends based on their analyses. Advertising agencies, corporations, and marketing firms can mostly hire them. The average salary of a market research analyst is USD 63,000 per year with great chances of growth.
1. A relevant bachelor’s degree with at least a 2.00 CGPA.
The fee structures for both undergraduate and postgraduate degree and diploma programs in Malaysia vary based on the program you’ve chosen, the institution you might be looking for, the duration of the study, etc. However, the generic cost of a bachelor’s degree of Study economics in Malaysia may be between 20,000 MYR and 70,000 MYR (an estimated 5,000 USD to 17,500 USD) a year.
Malaysian universities offer excellent, versatile accommodation facilities that suit each student’s diverse needs and requirements. Students looking to study economics in Malaysia can find a wide range of affordable and comfortable accommodation options near major universities. As a foreign student landing in an entirely new destination for studies, accommodation could be a significant issue for you. But you need not worry because most Malaysian Universities offer a wide range of options, including hostels, dormitories, and even spacious apartment residences. You can pick what suits your needs and comes under your budget, and boom – enjoy all the excellent facilities they offer along with the comfortable and budget-friendly accommodation.
The shared facilities and amenities usually include :
The admission process for getting into Malaysian Universities typically comprises multiple steps, including submission of an application, verification of the documents, eligibility assessment, and, in some cases, entrance exams or interviews etc. While it can be overwhelming and tedious to handle all that pressure while preparing for your entrance exams and interviews, TJS Studysteps can be your savior and simplify the admission process like never before. TJS Education consultancy in Saudi Arabia streamlines the admission procedure by providing expert guidance on university selection, application submission, and visa processing. Here’s how the experts from TJS Studysteps can help during each stage of the admission procedure and ease you from the hassle!
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