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Wednesday, 22 April 2015

Earning limitaion after completing a University Degree in US

Want to know what kind of salary you could expect in your chosen profession? Take a look at the latest average salaries in a range of career sectors, based on national data for the US and UK. These averages provide a rough indication of how much you could expect to earn with your degree in today’s economies. 
How Much Could You Earn With Your Degree? main image

If you’re still studying or still choosing a degree, it’s likely that salaries will have increased a little by the time you enter the labor market – along with rising living costs – but this list should still provide an indication of how different areas of employment compare.

Accounting & finance

Average accounting & finance salaries in the UK 
(data from the Office for National Statistics, 2014)
Brokers
£133,677
Actuaries, economists and statisticians
£61,749
Business and financial project management professionals
£47,795
Taxation experts
£46,551
Finance and investment analysts and advisers
£45,490
Financial and accounting technicians
£44,080
Insurance underwriters
£43,487
Financial accounts managers
£41,389
Chartered and certified accountants
£38,692
Finance officers
£24,418


Average accounting & finance salaries in the US 
(data from the Bureau of Labor Statistics, 2013)
Actuaries
$107,740
Accountants and auditors
$72,500
Personal financial advisors
$99,920
Financial analysts
$91,620
Financial examiners
$86,980
Financial specialists
$74,270
Credit analysts
$72,590
Insurance underwriters
$70,110
Compliance officers
$66,770
Cost estimators
$63,660
Tax examiners and collectors, and revenue agents
$56,120
Tax preparers
$43,350


Architecture

Average architecture salaries in the UK 
(data from the Office for National Statistics, 2014)
Architects
£43,307
Chartered architectural technologists
£33,651
Architectural and town planning technicians
£29,427


Average architecture salaries in the US 
(data from the Bureau of Labor Statistics, 2013)
Architectural and engineering managers
$136,540
Marine engineers and naval architects
$94,040
Architects (except naval)
$77,850
Architectural and civil drafters
$51,250


Art & design

Average art & design salaries in the UK 
(data from the Office for National Statistics, 2014)
Arts officers, producers and directors
£37,519
Graphic designers
£25,952
Artists
£23,228
Archivists and curators
£22,264
Musicians
£21,414


Average art & design salaries in the US 
(data from the Bureau of Labor Statistics, 2013)
Agents and managers of artists, performers and athletes
$96,410
Actors, producers and directors
$89,020
Artists and related workers
$75,270
Archivists, curators and museum technicians
$50,770
Designers
$46,250


Business & management

Average business & management salaries in the UK 
(data from the Office for National Statistics, 2014)
Chief executives and senior officials
£107,703
Marketing and sales directors
£82,962
Financial managers and directors
£76,320
Human resource managers
£56,315
Purchasing managers and directors
£52,683
Sales accounts and business development managers
£51,576
Business and financial project management professionals
£47,795
Management consultants and business analysts
£43,820
Business, research and administrative professionals
£35,545
Business sales executives
£33,432
Sales administrators
£19,468


Average business & management salaries in the US 
(data from the Bureau of Labor Statistics, 2013)
Management analysts
$89,990
Logisticians
$76,330
Budget analysts
$72,560
Business operations specialists
$69,030
Market research analysts and marketing specialists
$67,780
Human resources specialists
$61,560
Training and development specialists
$60,780


Computer science & information technology

Average computer science & IT salaries in the UK 
(data from the Office for National Statistics, 2014)
Information technology and telecommunications directors
£80,215
IT specialist managers
£49,194
IT project and program managers
£48,144
IT business analysts, architects and systems designers
£46,197
IT and telecommunications professionals
£40,957
Programmers and software development professionals
£40,748
Telecommunications engineers
£32,320


Average computer science & IT salaries in the US 
(data from the Bureau of Labor Statistics, 2013)
Computer and information research scientists
$109,260
Software developers and programmers
$92,820
Information security analysts
$91,210
Computer systems analysts
$85,320
Database and systems administrators and network architects
$82,960
Computer programmers
$80,930
Web developers
$67,540
Computer support specialists
$53,660


Engineering

Average engineering salaries in the UK 
(data from the Office for National Statistics, 2014)
Aircraft pilots and flight engineers
£90,146
Research and development managers
£52,882
Production managers and directors in manufacturing
£49,690
Electrical engineers
£46,984
Mechanical engineers
£43,029
Electronics engineers
£41,685
Design and development engineers
£40,245
Civil engineers
£40,200
Production and process engineers
£38,223
Quality control and planning engineers
£36,454
Engineering technicians
£34,355


Average engineering salaries in the US 
(data from the Bureau of Labor Statistics, 2013)
Computer hardware engineers
$106,930
Aerospace engineers
$105,450
Chemical engineers
$104,340
Electronics engineers (except computer)
$97,870
Mining and geological engineers
$96,950
Nuclear engineers
$96,950
Petroleum engineers
$96,950
Marine engineers and naval architects
$94,040
Biomedical engineers
$93,960
Electrical engineers
$93,380
Materials engineers
$89,930
Mechanical engineers
$85,930
Civil engineers
$85,640
Environmental engineers
$85,520
Industrial engineers
$83,390
Agricultural engineers
$78,880
Engineering technicians (except drafters)
$56,080
Drafters
$53,640


Law

Average legal salaries in the UK 
(data from the Office for National Statistics, 2014)
Legal professionals
£73,425
Solicitors
£46,576
Barristers and judges
£43,368
Legal associate professionals
£30,911


Average legal salaries in the US 
(data from the Bureau of Labor Statistics, 2013)
Lawyers
$131,990
Judges, magistrate judges and magistrates
$105,380
Arbitrators, mediators and conciliators
$76,840
Court reporters
$54,760
Judicial law clerks
$53,890
Paralegals and legal assistants
$51,170


Media & communications

Average media & communications salaries in the UK 
(data from the Office for National Statistics, 2014)
Advertising and public relations directors
£77,619
Advertising accounts managers and creative directors
£40,510
Journalists, newspaper and periodical editors
£34,639
Public relations professionals
£29,488
Authors, writers and translators
£25,767


Average media & communications salaries in the US 
(data from the Bureau of Labor Statistics, 2013)
Writers and editors
$66,160
Public relations specialists
$63,020
News analysts, reporters and correspondents
$48,380
Media and communication equipment workers
$48,320
Announcers
$41,190


Medicine & life sciences

Average medical & life sciences salaries in the UK 
(data from the Office for National Statistics, 2014)
Medical practitioners
£69,463
Dental practitioners
£40,268
Biological scientists and biochemists
£38,108
Veterinarians
£37,763
Pharmacists
£37,439
Paramedics
£36,771
Psychologists
£36,495


Average medical & life sciences salaries in the US 
(data from the Bureau of Labor Statistics, 2013)
Physicians and surgeons
$191,880
Dentists
$168,870
Veterinarians
$96,140
Medical scientists
$89,390
Biological scientists
$77,630
Psychologists
$74,310
Conservation scientists and foresters
$61,890


Natural sciences

Average natural sciences salaries in the UK 
(data from the Office for National Statistics, 2014)
Physical scientists
£50,763
Natural and social science professionals
£36,594
Chemical scientists
£34,099
Environment professionals
£32,036


Average natural sciences salaries in the US 
(data from the Bureau of Labor Statistics, 2013)
Physical scientists
$84,300
Environmental scientists and geoscientists
$81,360
Chemists and materials scientists
$78,780

Best Universities for Social Sciences & Management 2015 Globally

Looking to study economics, political science, international relations, law or another subject in the field of social sciences and management at one of the top universities in the world? Check out the latest results of the QS World University Rankings by Faculty to discover the top universities in the world for social sciences and management this year. These rankings draw data on research citations, along with the opinions of academics and employers worldwide, in order to highlight the world’s leading institutions in each faculty area.
Top Universities for Social Sciences & Management 2014 main image

Below are 2015'S top universities in the world for social sciences and management, in video and list format…

Top 10 universities for social sciences & management 2014

1. Harvard University

Last year’s rank: 1st

Location: Cambridge, Massachusetts, US

Type: Private research (Ivy League)

Fact: Harvard University, the top university in the world for social science and management, has more than its fair share of notable alumni, including the likes of Mark Zuckerberg, the creator of Facebook, and John F Kennedy, former president of the US.

2. London School of Economics and Political Science (LSE)

Last year’s rank: 2nd

Location: London, UK

Type: Public research

Fact: Informally known as LSE, the London School of Economics and Political Science is the UK’s leading university specializing in the social sciences, and is lauded for the impressive number of Nobel Prize winners among its alumni and staff, particularly in the economics field.

3. University of Oxford

Last year’s rank: 3rd

Location: Oxford, UK

Type: Collegiate research

Fact: Oxford University is comprised of a total of 39 individual colleges and related buildings and is the oldest English-speaking university in the world.

4. University of Cambridge

Last year’s rank: 4th

Location: Cambridge, UK

Type: Public research (with private colleges)

Fact: Among the University of Cambridge’s most famous colleges are King’s College, Trinity Hall, Trinity College, Darwin College, Corpus Christi College and Downing College.

5. Stanford University

Last year’s rank: 5th

Location: Stanford, California, US

Type: Private research

Fact: Undergraduate programs at Stanford University are the most selective in the country, with only 5.07% of applicants gaining acceptance for the 2018 class.

6. Massachusetts Institute of Technology (MIT)

Last year’s rank: 7=

Location: Cambridge, Massachusetts, US

School: Private research, land grant

Fact: You may know it boasts alumni such as the likes of astronaut Buzz Aldrin and aviation pioneer James Doolittle, but did you also know the Massachusetts Institute of Technology(MIT) offers a “pirate certificate” to students who complete classes in archery, sailing, pistol and fencing?


7. University of Chicago

Last year’s rank: 11th

Location: Chicago, Illinois, US

Type: Private research

Fact: The University of Chicago’s Booth School of Business is the second-oldest business school in the world, established in 1898, eight years after the founding of the university itself.

8. University of California, Berkeley (UCB)

Last year’s rank: 9=

Location: Berkeley, California, US

Type: Public research

Fact: Students at the University of California, Berkeley were awarded more Graduate Research Fellowships from the National Science Foundation than students of any other US university in the past decade.

9. National University of Singapore (NUS)

Last year’s rank: 9=

Location: Southwest Singapore

Type: Public research

Fact: The National University of Singapore (NUS) is the oldest and largest (in terms of enrollment and curriculum) university in Singapore and its notable alumni include four Singaporean and two Malaysian Prime Ministers.

10=. London Business School

Last year’s rank: 12th

Location: London, UK

Type: Public business school

Fact: A constituent college of the University of London system, London Business School is the only school in Europe (and one of three in the world) to offer a Sloan Fellowship MSc program.

10=. Yale University

Last year’s rank: 7=

Location: New Haven, Connecticut, US

Type: Private research (Ivy League)

Fact: Over 2,000 undergraduate courses are taught at Yale University, and notable alumni include as many as five US presidents, 19 US Supreme Court Justices and 13 living billionaires.

About the QS World University Rankings by Faculty

The QS World University Rankings by Faculty aims to highlight the top universities in the world within five major subject areas. These five fields cover arts & humanities, engineering & technology, life sciences & medicine, natural sciences, and social sciences & management. The rankings are compiled using data on research citations, as well as the results of QS’s global surveys of academics and employers.

Why Study Business and Can Do With a Business Degree from University

Business and related subjects (such as the ‘FAME’ group – finance, accounting, management and economics) are among the most popular fields of study at universities worldwide, particularly at graduate level. You might have some vague ideas about why this is the case – business graduates are in high demand worldwide, business touches on pretty much every aspect of modern human society, careers with a business degree are diverse and often highly paid – and these assumptions are likely to be largely true.
What Can You Do With a Business Degree? main image

But if you’re still not quite convinced, here’s a deeper exploration of the question, ‘Why study business?’

First, it’s important to recognize that there are many different types of business degrees to choose from, offering different specializations and benefits, and applicable to people at different stages of development and with very different career goals.

Types of business degrees

The term ‘business degrees’ is typically understood to include a fairly wide group of courses, some highly specialized and others more interdisciplinary; some more academic and others primarily focused on practical professional development. You can categorize types of business degrees by level (ie. undergraduate, graduate, professional), and also by subject focus. Some of the areas of study likely to be covered by different types of business degrees, either directly or as supplementary elements, include:

Accounting
Management sciences
Computer sciences
Finance
Sociology
Entrepreneurship
Marketing
Law
Modern languages
Human resource management
Quantitative techniques (mathematics)

Strategic management
Economics

At undergraduate level, and on some graduate-level business degrees, students are able to gain a foundation in many of these aspects of the business world, before choosing a specialization. From master’s level onwards, it’s more usual for business degrees to be focused on a particular aspect of business, though there may still be a lot of flexibility for students to shape the course to match their own interests. Meanwhile MBA (Master of Business Administration) and Executive MBA programs are targeted at those who have already gained significant professional experience, and typically have more of a focus on professional development.

Whichever level you study business at, and whatever field of specialization you choose, you can expect all types of business degrees to have a strong emphasis on the practical application of theory, through the use of case studies, problem-solving tasks, project and team work, and often also internships and placement schemes.

Careers with a business degree

The combination of academic challenge and practical focus makes the prospect of studying a business degree highly appealing for those attracted to the competitive yet collaborative learning environment offered by many business schools and departments. But for most people, the answer to the question ‘Why study business?’ is best answered by reference to possible careers with a business degree.

Business graduates go on to work in myriad different sectors, and not all of them are those you would typically associate with business in general. More obvious careers with a business degree include roles in accounting and finance departments, which take in large numbers of business degree graduates. Other sectors with high demand for business graduates include marketing and advertising, as well as retail, sales, human resources and business consultancy. The diversity and plenitude of careers with a business degree underlies the subject’s appeal for many students.

If you’re unsure of how to start developing your career after graduation, you may consider joining one of the many graduate training schemes which many large and international companies run. These often allow graduates to spend time completing traineeships in different parts of the business, and often different regions of the world, before opting for a particular career track to pursue.

You could also use your business degree to pursue roles within SMEs (small- to medium-sized enterprises), innovative new start-ups, charities, non-profit organizations and NGOs. If you have a bright idea and the knowledge to back it up, you may even consider launching your own business,


Depending on your area of interest and the specialization of your business degree, possible careers with a business degree could include:

Management consultancy
Teaching/training
Marketing
Trading
Chartered accountancy
Market research
Advertising
Retail buying
Personnel officer
Investment banking
Retail management
Public relations officer
Bank management
Sales
Distribution and logistics management
Insurance underwriting
Consumer products

Business degree salary expectations

As already mentioned, earnings potential is at the heart of many business’ students motivation. While you shouldn’t expect a huge business degree salary as soon as you graduate, the skills and knowledge gained from a business degree should facilitate your career progression, making it easier to climb into management-level positions with higher salaries.

The message really is: the business degree itself does not automatically mean a high salary – though graduating from a highly reputed business school with strong grades is certainly likely to open up some interesting opportunities and perhaps a large business degree salary. You’ll still need to prove yourself, and be ready to work hard, if you want to reach your career and salary goals – and be prepared for plenty of competition.

In the US 2013-14 PayScale College Salary Report, the average starting business degree salary was reported at US$43,500, with the average mid-career salary at US$71,000. The figures vary depending on the specialization: international business graduates are projected to start on US$43,800 rising to $US83,700 by mid-career; for finance the figures are $49,200 and $87,100; accounting $45,300 and $74,900; human resources $38,000 and $63,900; organizational management $41,900 and $60,300; marketing management $42,100 and $80,200.

For those studying at the master’s level, business degree salary expectations are likely to be higher. According to the latest TopMBA.com Jobs & Salary Trends Report, salaries for MBA graduates average almost US$109,200 in the US and Canada. In Western Europe the average earnings for those with an MBA are a little lower overall – but this varies depending on the country, while expectations in Australia are around US$117,800.

If a top salary is important to you, it may be worth while researching the latest salary trends and forecasts for different business specializations, as well as looking into the world regions reporting highest demand for business graduates.

Transferable skills gained from a business degree

During your business degree you’ll develop a broad knowledge of business operations as well as gaining targeted skills in your specific field, such as customers, markets, finance, operations, strategy, business policy, communications and IT. You’ll typically also be challenged to explore these fields within an international context, though in some cases it will be advantageous to specialize in their application within a particular country or world region.

You can also expect to gain many valuable transferable skills, which can be put to use in both everyday life or if you decide to take a completely different career path. The skills gained from a business degree are likely to include:

An understanding of how organizations operate
Strong communication skills (oral and written)
Analytical and critical thinking
Problem solving
Decision making
Logical thinking
Presentation and report writing skills
Numeracy and an understanding of how to interpret and use financial data
Self-motivation, initiative and effective time management
Project and resource management
A close understanding of economic fluctuations and other external changes affecting business

Whether or not you’re obsessed with becoming the next Sir Alan Sugar (or, for the North Americans among us, Donald Trump), a business degree is a great way to develop many of the transferable skills needed for use in a business environment.

There a number of types of business degree which you can undertake, one of the most common of which is an undergraduate business studies degree. Often a business studies degree will cover subjects such as accounting, finance, management and, increasingly, entrepreneurship. This wide range of subjects reflects the multidisciplinary nature of business, and the importance of understanding all the key elements needed to make a business successful.

If you’re looking for a degree which specializes more in a particular aspect of the business world (e.g. economics or marketing), consider taking a dedicated program in that area, or a joint honours degree (e.g. Business & Economics). The advantage of a joint degree is that you acquire general business skills along with more specialized ones, leaving you well placed when it comes to applying for graduate jobs.

What can you do with a business degree?

So, what can you do with a business degree? If you’re someone who enjoys the professionalism and high-powered nature of big business, then you’re likely to be considering a business degree as a stepping stone to a high-status, high-salary career. In today’s world, corporate business careers are available in pretty much every sector you can think of; all industries need strong leaders, managers, financial advisors and market-savvy decision-makers. For many business graduates, however, the traditional pathways still hold a strong appeal – including careers in the banking and financial sectors, consultancy, human resources and marketing roles.

If a straightforward corporate career is failing to get you excited, then a business program can also give you the skills to create your own business, or to take on business and management roles within more creative industries, be that fashion, media, or even the charity sector.

The good thing about a business studies qualification is that it can open you up to many entry-level roles upon graduation, while still allowing those who wish to specialize further the chance to improve their return on investment with a graduate degree (read: those who study to master’s level may see a much higher starting salary). Examples of postgraduate programs include Masters in Management, Masters in Finance and (for those who’ve gained some professional experience) the Masters in Business Administration (MBA).

For the purposes of this article, I’ll be focusing on business careers that can be gained via an undergraduate-level course, with and without postgraduate study. Read on for examples of typical and not so typical careers with a business degree.

Typical careers with a business degree

Don’t assume that studying business is a one-way route into business leadership and management roles – while this is a common path, business careers span multiple industries. Good business and management skills are key elements of any profitable company, and therefore effective leaders, strategic thinkers and financial experts are all in great demand. Big or small, global or national, companies all over the world are looking for business graduates like you.

Business careers in accounting and finance

Generalised business studies degrees will usually cover aspects of accountancy and finance. But if you wish to pursue a career in accounting or finance, you’ll usually need to gain further qualifications. A good option for business graduates is to apply for a graduate role, and complete a specialized qualification while you work. In many larger companies, the course costs will actually be covered by the employer.

If you do decide to go into accounting or finance, your job may involve reviewing your company’s financial situation both past and present; advising clients and colleagues on tax and expenditure; managing records and business transactions; playing a role in mergers and acquisitions; and taking responsibility for preventing bad practice as well as fraud and negligence.


For more advice on prospective careers and specializations in accounting and finance, view our individual accounting and finance subject guides.

Business careers in management

Becoming a manager is a tough job. There may be long hours, disruptive colleagues or simply a lot going on at once – but someone’s got to do it! The upside is that managerial roles are known for being higher-paid, as well as boasting many opportunities for career progression or even a career U-turn. Managers can be found across all industries and fields, and their job is to provide structure and strategy to a workplace.

Because of the responsibility of such positions, it’s unlikely you’ll find a managerial role without first gaining a further degree or a number of years of mid-level work experience. Despite this, business graduates are well-placed to become a managers later on in life, and with determination and steady career progression an additional degree may not be necessary.

Another option which may appeal is the field of business consultancy. This means working as part of a team, combining your business expertise and analytical skills in order to provide advice to other companies, usually focusing on how to optimise a specific project or part of the business. Projects and clients may vary widely, ensuring plenty of fresh challenges to get to grips with. Or you may specialize in a particular type of business, combining your business knowledge with a second field of interest, such as engineering or logistics.

Business careers in retail and sales

There’s much more to retail and sales than shelf-stacking and cold-calling, especially if you’re armed with a business degree. Opportunities within sales and retail teams are numerous, including shop-based and office-based roles, as well as travelling positions for which a good knowledge of global markets is a must.

For those looking to rise to the higher levels of retail and sales careers, large companies often offer the chance to undertake a graduate training program or trainee management program, in order to fast-track your position within the company. This can be highly valuable in gaining on-the-job experience, while continuing to develop your business and management skills in a commercial world. Such programs can be highly competitive and often require good grades as well as a proven passion for the industry.

Other common graduate careers with a business degree include roles within auditing, banking, communications, distribution, energy and utilities, hospitality and leisure, IT, insurance, journalism, law, logistics, manufacturing, media administration, production management, public relations, the public sector and defense, risk management and tax. As mentioned above, every sector needs good business brains!

Less typical careers with a business degree

And, you may ask, what can you do with a business degree without following the typical routes? Well, you can do rather a lot. Roles requiring business acumen and analytical thinking are innumerable, and your choice of which industry to head into is likely to be based on personal interests. It’s a cliché, but true – if you work for a company, product or service you truly believe in, you’re likely to be more motivated and effective in your role, and progress your career more rapidly.

Business careers in media

Although business studies degrees may not seem like the most creative of pathways, they can in fact lead to lots of roles within creative industries. Media is one such widespread industry, an umbrella term covering TV, film, online, newspaper and magazine publishing, events and more. While you’re unlikely to be directly involved in creative tasks such as writing, video editing or animation production, you’ll need a solid understanding of the media sector within which you’re working. Business careers in media include roles in sales, human resources, PR, finance and accounting, operations, marketing and branding, as well as overall management and strategic direction.

Business careers in marketing and advertising

Opportunities in marketing and advertising are numerous for business graduates, particularly for those with a bit of creative flair. In these industries, business graduates can use the analysis and report-writing skills honed during their degree in order to conduct market research, develop marketing strategies, manage client relationships, liaise with copywriters, designers and printers, analyze markets and evaluate campaign results. You’re likely to be working alongside specialists such as designers, video producers and copywriters, and will need to continually broaden your own skillset to keep pace with changes in technology and market trends.

Business careers in human resources

Business doesn’t have to be a dog-eat-dog world, and careers within human resources offer roles which require both business acumen and highly honed interpersonal skills. Recruitment, training and pay are all areas handled by the HR department. Great communication skills are essential, but you’ll also be expected to have a good basic understanding of business operations and management (which you should have gained during your degree), as well as detailed and up-to-date knowledge of employment laws and company regulations.

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‘What Can You Do With a Business Degree?’ is part of our ‘What Can You Do With…’ series. We have also covered biology, communications, English, fashion, history, law, marketing, mathematics and psychology.

Business and Entrepreneurship University Scholarships Around the World 2015

Want to study business, entrepreneurship or a related subject? Find a range of business school scholarships around the world, listed below.Whether you’re a prospective or current business student, a budding entrepreneur or interested in studying any FAME subject (finance, accounting, management or economics), it’s likely that you’ll find at least one scholarship you’re eligible for below…
Business and Entrepreneurship Scholarships Around the World main image

To study anywhere:

ESSEC Business School Singaporean Scholarship– scholarships for international students studying the Global BBA (Bachelor of Business Administration) program at ESSEC Business School’s branch campuses in Singapore or France. Singaporean and French applicants only.

Jane M Klausman Women in Business Scholarship– scholarships for women in business to gain funding for university. Open internationally for study in any ZONTA-club country.

Prime Minister’s Business Scholarships– business scholarships for New Zealand citizens active in the business industry to study internationally and improve their business skills.

To study in Asia-Pacific:

Australia

Business and Economics International China Scholarship @ Monash University– undergraduate scholarships for Chinese students to study at Monash University in Australia in the faculty of business and economics.

CBS Innovation International Scholarship– merit-based scholarships for undergraduate international students to study business information systems/technology at Curtin University’s Curtin Business School.

Global Leaders Scholarship @ University of Queensland– undergraduate and graduate scholarships for international students from selected countries in Asia and Europe to study at the University of Queensland in Australia within the faculty of business, economics and law (excluding the MBA). Follow these links for European, Malaysian, Taiwanese, Singaporean and Hong Kong students.

La Trobe Business School Masters Scholarships– international scholarships to study a selected master’s degree at La Trobe University’s business school in Australia. Including the Master of Management program.

New Zealand

International Business Masters Scholarships– merit-based scholarships for international students studying a business-related master’s degree (accounting, marketing, management etc.) at the University of Auckland’s business school in New Zealand. The dean of the school also offers a dedicated scholarship for Asian students, detailed here.

To study in Europe:

Netherlands

SBE International School Scholarship @ Maastricht University– undergraduate scholarships for non-EU/EEA students to study a bachelor’s program in business or economics at Maastricht University in the Netherlands.


Spain

Barcelona GSE Tuition Waivers and Scholarships – merit-based scholarships and tuition waivers for international students at the Barcelona Graduate School of Economics in Spain. Eligible programs include the 9-month master’s degree in economics, finance and data science.

UK

Business School Enterprise and Innovation Scholarship @ Newcastle University– business school scholarships for UK/EU students studying a selected master’s degree in innovation, entrepreneurship and business at Newcastle University in the UK.

Business School International MSc Scholarship- master’s degree business scholarships for students at the University of Hull’s business school in the UK.

Business School Latin American Scholarships @ University of Edinburgh– international scholarships for students from selected countries in Latin America to study a master’s degree at the University of Edinburgh Business School. Subjects include international business, banking, HR management, marketing and more.

Cardiff Business School India Scholarships– business school scholarships for Indian students undertaking a taught postgraduate degree at Cardiff University’s business school in Wales, UK.

Exeter World Class Business Student Scholarship @ Exeter University– graduate scholarships for business students studying a selected master’s program at Exeter University.

Graduate Business School Scholarships @ University of Aberdeen– various merit-based scholarships to study a graduate-level program at the University of Aberdeen’s business school. Open to UK and international students.

Scholarships @ Cass Business School– various scholarships for international students to study at City University London’s Cass Business School on an undergraduate program.

The Henley Business School Academic Excellence Scholarship– international business school scholarships for all undergraduate programs at the University of Reading’s Henley Business School.

TSYS Master Scholarship @York University – graduate scholarships for UK/EU master’s students of selected business and management programs at the University of York.

Undergraduate Scholarships @ Manchester Business School– various undergraduate scholarships for UK and international students to study at Manchester Business School. Emphasis on social responsibility. QS postgraduate scholarship also available at this school.

Warwick Business School Scholarships – master’s scholarships open to students at Warwick Business School on a wide range of FAME subjects, including finance and international business.

To study in North America:

Canada

EDC Youth Education Program for Canadians– international scholarships for Canadian students studying a business-related subject at undergraduate level in Canada.

US

ACFE Ritchie-Jennings Memorial Scholarship Program– scholarships for international students to study in the US on a degree related to the study of fraud. Accepted subjects include business administration, accounting, finance and criminal justice.

Buick Achievers Scholarship Program– undergraduate scholarships for business majors and STEM students in the US. US residents only.

Catching the Dream Scholarships– business scholarships for Native American students wishing to study at an accredited university in the US.

College of Business Study Abroad Scholarship @ Iowa State University– scholarships for business majors to fund their studies at Iowa State University in the US. Open to undergraduate and graduate students.

FWSF Scholarships – US scholarships for female students studying finance in the San Francisco Bay Area at undergraduate level.

GE/LNESC Scholarship– scholarships for minority students to study in the US at undergraduate level on a business or engineering program. Funded by GE.

Mark Beaumont Scholarship Fund– US scholarships for students interested in pursuing careers in interactive entertainment (e.g. video game development). Possible subjects of study include business, leadership, law, marketing and public relations.

Recognizing Exceptional Student Leaders – scholarships for business majors with leadership skills in the US to gain partial funding for their studies. Computer science and mathematics majors also eligible.

Entrepreneurship scholarships in the US

CEO of Tomorrow Scholarship– entrepreneurship scholarships for US students interested in careers in entrepreneurialism or business leadership. Open to students of all levels.
Grasshopper Entrepreneur Scholarship– undergraduate and graduate scholarships for student entrepreneurs in the US.
Greenpal Business Scholarship– business and entrepreneurship scholarships for business majors in the US to gain funding for a business venture. Students must be studying business, economics or finance.
Mckelvey Foundation Entrepreneurial Scholarship– US scholarships for entrepreneurial students who have started their own businesses.
NFIB Young Entrepreneur Awards – US scholarships for young entrepreneurs studying at undergraduate level.
Social Entrepreneurship Scholarships @ NYU – undergraduate scholarships for budding social entrepreneurs wishing to study in the US at New York University (NYU) on a related program.
Students with entrepreneurial experience and interests can also apply to the QS Leadership Scholarship, worth US$10,000 towards the costs of a postgraduate program, and exclusive to attendees of the QS World Grad School Tour. See the full list of QS Scholarships here.

Top Leadership Student Scholarships Around the World-2015

Strong leaders are highly sought-after worldwide, and many universities pride themselves on nurturing the next generation of leaders, innovators and decision-makers. For this reason, leadership scholarships commonly offered; universities are keen to attract and support students who show leadership potential – as a way to nurture an innovative spirit on campus, as well as ensuring an alumni community full of impressive achievements.
Leadership Scholarships Around the World main image

See below for a selection of scholarships to support future leaders, for studies around the world.

To study anywhere

GE Foundation Scholar-Leaders Program– international scholarships for students interested in honing their leadership skills during university studies in Canada, Czech Republic, Hungary, India, Indonesia, Poland, Romania, South Korea, Thailand or Vietnam.

Hinrich Global Trade Leader Scholarships– international scholarships for graduate students interested in studying business and leadership at master’s level at selected universities across Asia.

Jusoor Scholarship Programs– opportunities for Syrian students to gain leadership and academic scholarships to study in the US, Europe and the Middle East.

QS Leadership Scholarship for Postgraduate Studies – exclusive international postgraduate scholarship open to attendees of the QS World Grad School Tour who demonstrate leadership, to support the costs of a graduate program (excluding MBAs) anywhere in the world.

To study in Australia & New Zealand

Asia Pacific Leadership Program Scholarships– various international scholarships for aspiring leaders from within the Asia-Pacific region to study at selected institutions throughout the region.

To study in New Zealand:

Emerging Leaders’ Scholarship @ UC– merit-based scholarships for students from New Zealand or Australia with leadership potential to gain funding for study at the University of Canterbury in New Zealand.

To study in Australia:

Charlie Bell Scholarship for Future Leaders– scholarship program for McDonalds employees in Australia to further their studies in leadership and/or business at an accredited Australian university.

European Global Leaders Scholarship @ University of Queensland– merit-based scholarships for European students to study at the University of Queensland in Australia in the faculty of business, economics and law on a master’s degree program (excluding the MBA).

Future Leaders Scholarships for International Students @ Deakin University– international scholarships for students with leadership potential to study at Deakin University in Australia on selected undergraduate business-related programs.

Engineering leadership Scholarships @ The University of Sydney – undergraduate scholarships for engineering students with leadership potential at the University of Sydney in Australia.

International Leadership Scholarship @ Monash University– undergraduate and graduate scholarships for students showing leadership potential at Monash University in Australia.

Queer Leaders Scholarship @ Monash University– more merit-based scholarships from Monash University, open to all LGBTQ students active in promoting inclusivity and awareness of gender and sexuality.

Vice-Chancellor’s Leadership Scholarship @ UWS – undergraduate scholarships for new students at the University of Western Sydney in Australia, to gain funding for studies and access to ‘The Academy’ – UWS’s leadership center.

To study in Europe

EMLYON Business School Entrepreneurial Scholarship – exclusive scholarship for attendees of the QS World Grad School Tour to gain funding for study at EMLYON Business School on the European Master in Management Program.

To study in Germany:

German Chancellor Fellowship for Tomorrow’s Leaders– scholarships open to students from Brazil, China, Russia and the US to study in Germany at an accredited university. Leadership experience is a must.


To study in the UK:

Future Leaders Scholarships @ RHUL– scholarships for EU and home students with leadership potential to study at Royal Holloway University of London in the UK at undergraduate and master’s level.

Global Leaders Scholarships – graduate scholarships for international students interested in the development of the emerging world and wishing to study a master’s degree at the University of Cambridge.

Lalji LSE PfAL Scholarship Programme @ LSE– academic scholarships for African students with leadership potential studying at the London School of Economics (LSE) on a related master’s degree program.

Leadership and Emerging Leaders’ Scholarships– UK scholarships for nurses, midwives and health professionals to gain funding for leadership development in the UK. Funded by the Florence Nightingale Foundation.

Weidenfeld-Hoffmann Scholarship and Leadership Programme @ University of Oxford– international development, conservation and environmental management graduate scholarships for students from certain developing countries in Central and Eastern Europe, Central Asia, North Africa and the Middle East to study at the University of Oxford in the UK on a related graduate program.

To study in North America

To study in Canada:

Entrance Leadership Scholarship Competition @ University of Alberta– undergraduate scholarships from the University of Alberta in Canada, open to new students showing academic ability and leadership potential.

Nelson Civic Leadership Scholarship– scholarships for Canadian students with an interest in community development and leadership wishing to gain funding to study at undergraduate level at a Canadian university.

Schulich Leader Scholarships– undergraduate scholarships for leading students in STEM fields at accredited Canadian universities.

TD Scholarships for Community Leadership– scholarships for Canadian students involved in community development, human rights, politics, youth engagement or social work to gain funding to study at universities across Canada.

To study in the US:

ACACIA Leadership Scholarship @ Iowa State University– undergraduate scholarships for students at Iowa State University, US, who demonstrate academic ability and extracurricular community involvement.

Coca-Cola Scholars Program – merit-based scholarships for US students to gain funding for undergraduate study in the US.

Comcast Youth Education & Leadership Scholarships – undergraduate scholarships for US students to gain funding for university and to get involved in community development and leadership.

Emerging Global Leader Scholarship @ AU – scholarships for international students with an interest in leadership and development to study at American University in Washington DC.

Emirates Leadership Initiative Fellowship @ Harvard University– US scholarships for outstanding students from the UAE and Arab countries to study at Harvard University’s Kennedy School of Government (Center for Public Leadership).

Global Leaders Need-Based Scholarships– need-based scholarships for international students with an interest in leadership, to study in the US.

Gloria Barron Prize for Young Heroes– leadership scholarships open to US citizens who show potential for making a positive difference in their community and/or environment.

Hunt Leadership Scholars Program @ SMU– need-based scholarships for students displaying leadership potential at Southern Methodist University in the US.

Leadership 1000 Scholarship– for US students studying in Washington State.

National Student Leadership Scholarship @ NC State– offered by North Carolina State University in the US, open to students involved in ongoing leadership activities.

Posse Foundation Scholarships– academic scholarships for students from underrepresented backgrounds in the US to gain funding for university and to develop their leadership potential.

Presidential Leadership Scholarship– non-degree scholarship to hone leadership skills on a six-month program in Washington DC.

Stamps Leadership Scholarships– various opportunities to gain funding to study at select universities in the US and outside.

The Leadership Award @ UC Berkeley– one scholarship offered yearly to high-achieving undergraduate students with leadership potential at the University of California, Berkeley.

The Texas Lyceum Leadership Scholarship– undergraduate scholarships for young Texans with leadership ability wishing to study in Texas.

To study in the Middle East

MEPI Tomorrow’s Leaders Scholarship Program– open to motivated students from underrepresented communities in the Middle East and North Africa to gain funding to attend a reputed university in the Middle East.

Arab Women Professionals Fellowship Program (AWPP) @ The American University in Cairo – leadership scholarships for women from the Middle East and Egypt to study at the American University in Cairo on a selected program (e.g. women’s studies, law, politics, public administration). Work experience and demonstrable leadership skills required.

If you haven’t found what you’re looking for, you should make sure to search the website of the university or business school you want to study at, to find out what funding opportunities are available. For more advice on how to find scholarships and how to apply, please see our Scholarship Applications: FAQ.

Top Chances of Finding University Graduate Jobs Online in US

A new report from the Georgetown University Center on Education and the Workforce (CEW), published today, highlights the US states and sectors offering the best chances of finding graduate jobs online. Massachusetts, Delaware and Washington State emerge as the states with the most favorable online graduate job markets – though federal district Washington DC trumps all three – while STEM, managerial and professional office, and healthcare technical and professional jobs are identified as the graduate roles with highest demand being advertised online.
US Report: Best Chances of Finding Graduate Jobs Online main image

Titled States Online College Job Market: Ranking the States, this report follows CEW’s earlier publication, The Online College Labor Market. The center estimates that 60-70% of jobs in the US are now advertised online, with nearly 4 million unique job advertisements posted online each quarter. Some 80-90% of jobs requiring at least a bachelor’s degree are advertised online, compared to 50% of jobs which don’t require a degree. Three out of every five online job adverts are for either managerial or professional office roles, or for jobs in STEM fields (science, technology, engineering and mathematics).

The center also highlights the benefits of hunting for jobs online; overall, it reports that those who search for jobs online find a position 25% more quickly than those who don’t.

Which US states offer the best chances of finding graduate jobs online?

The report analyses the number of graduate jobs advertised online in each state, relative to the number of graduate workers in the area. This is used to calculate the US states offering the best chances of finding graduate jobs online, relative to the national average. Massachusetts comes top of this list, followed by Delaware (which boasts a high concentration of corporate headquarters) and Washington State (home to tech giants such as Microsoft and Amazon).

Also above the national average on this measure of graduate job prospects are: Colorado, Alaska, Arizona, Oregon, Minnesota, Texas, Iowa, Montana, South Dakota, New Jersey, Georgia, Connecticut, North Carolina, Michigan and Virginia.


But in fact the most favorable location for finding graduate jobs online is not a state at all; it’s the federal district, Washington DC. Thanks largely to the presence of the federal government and many international organizations, DC’s ratio of graduate jobs advertised online per university-educated worker is three times the national average, far higher than any individual state.

Which sectors are advertising most graduate jobs online?

The report also analyses the employment sectors and roles offering most favorable prospects for university graduates, again based on the number of jobs advertised online per graduate worker. The STEM sector is found to offer the best prospects for university graduates, offering the highest number of online job adverts per 100 graduate workers. Also above the national average are managerial and professional office jobs, as well as professional and technical healthcare roles. Meanwhile, the most competitive sectors are healthcare support, education, and roles in food and personal services.

Within each employment sector, CEW identifies the states currently offering the most favorable graduate job prospects. For those seeking managerial and professional occupations, the highest concentrations of online job adverts are for roles based in Massachusetts, Delaware, Washington, California, New Jersey and New York. Those looking for STEM roles are advised to head for Delaware, Massachusetts, New York, Ohio or Oregon, for the best chances of finding a graduate job online.

Best US states for finding graduate jobs online

Based on the States Online College Job Market report
Employment sector
Top US states for finding graduate jobs online
Managerial and professional office
Massachusetts, Delaware, Washington, California, New Jersey, New York
STEM
Delaware, Massachusetts, New York, Ohio, Oregon
Sales and office support
Montana, Massachusetts, Idaho, Washington, Delaware
Healthcare professional and technical
Alaska, Montana, New Mexico, Washington, Colorado
Education
South Dakota, Vermont, Maine, Alaska, Massachusetts
Community services and the arts
Delaware, Washington, Kansas, Nebraska, Massachusetts


Overall, roles in consulting and business services account for for the highest number of online adverts for jobs in the US, making up 23% of all online job adverts. Particularly high-demand professional roles include accountancy and auditing, and medical/health services management. In the STEM sector, notably high numbers of online job adverts are reported for applications software developers and computer systems analysts.

How Much Does it Cost to Study in the UK as well as in Europe

UK tuition fees are frequently under the media spotlight, following price hikes for home students (UK/EU) in recent years and an increase in premium charges for international students. But the overall cost to study in the UK is dependent on many factors, including institution, course, location and funding opportunities, and could in fact be a lot less than the headlines suggest.

According to recent figures, the average cost per year to study in the UK at undergraduate level as an international student is UK£11,987 (~US$17,860), while for international postgraduate students this average fee rises to £12,390. At all levels, laboratory and clinical degree programs are markedly more expensive, with a clinical degree costing overseas students an average of £24,206 ($36,070) at undergraduate level, with top universities in London charging as much as £34,800 ($51,850).


Combine these fees with the average cost of living in the UK, around £12,000 ($17,850), and the total average costs to study in the UK come up to £24,000 ($35,710) per year. Studying in the capital city, meanwhile, is likely to be significantly more expensive.


While these costs may be daunting, remember that most UK universities offer shorter programs compared to countries such as the US (three years for the average undergraduate degree instead of four, and one year for a master’s degree instead of two), so you may be able to subtract a year's worth of fees and living costs from your total budget!
Students’ cost of living in the UK


According to recent figures from the UK’s National Union of Students (NUS), the average annual cost of living in England (outside of London) for students is UK£12,056 (US$19,490). This includes £4,989 ($7,460) for rent, £1,954 ($2,920) for food, £363 ($540) for household goods, £42 ($62) for insurance, £1,917 ($2,860) for personal items, £1,705 ($2,550) for travel and £1,190 ($1,780) for leisure.


If you wish to study in London, you should expect to pay £13,521 ($20,200) for the same breakdown of goods and services. The biggest difference in the cost of living in London compared to the rest of England is in rent, which is estimated at an average of £6,340 ($9,480) per year.


As the NUS points out, the figures for the rest of England can only be used as a rough guide to the overall cost of living in the UK. But they are roughly consistent with the amounts specified by the UK Border Agency (UKBA), which asks international students to provide evidence that they can afford to live and study in the UK for a specified period before being granted a Tier 4 (General) student visa.


For visa purposes, international students undertaking study in London proper will have to budget £1,020 ($1,520) for each month of stay in the country, while those who study in outer London or the rest of the UK will have to show £820 ($1,225) per month in order to prove they can cover the cost of living in the UK.
UK tuition fees and course costs – UK/EU students


There are two levels of tuition fees at publicly funded UK universities: home student fees (including EU students) and international student fees. For home students, institutions in England and Wales can charge up to a maximum of UK£9,000 (US$13,430) per year for undergraduate degree programs; in Northern Ireland up to £3,575 ($5,330) per year; and in Scotland an undergraduate degree is effectively free for students from Scotland and the EU. This is thanks to a subsidy from the Student Awards Agency for Scotland (SAAS). The SAAS also offers a tuition fee loan of up to £3,400 ($5,080) for home postgraduate students.


It should be noted that the Scottish definition of “home” student differs slightly, in that it doesn’t include students from the rest of the UK – i.e. England, Wales or Northern Ireland. Students from the rest of the UK who want to undertake an undergraduate degree in Scotland will need to pay between £6,630 ($9,890) and £9,000 ($13,440).


There’s also good news for students from Wales, who only need to pay £3,810 ($5,680) per year in UK tuition fees to study anywhere in the UK, with the rest covered by the Welsh government.

The amounts given above indicate the maximum amount public universities are allowed to charge. More than half of universities in England and Wales do charge the maximum of £9,000 ($13,440) per year – but at a diminishing number of universities, the annual tuition fees are just £6,000 ($8,950) for undergraduate home students.


Postgraduate tuition fees vary significantly, depending on the university and the subject. Home students may be able to receive some funding from one of the UK’s research councils, the university itself, or via a career sponsorship scheme.
UK tuition fees and course costs – international students



For international students, undergraduate fees for 2014-15 start at around UK£8,000 (US$11,920) for lecture-based courses, going up to £36,600 ($58,201) for an undergraduate medical degree at the top of the price range. On average, however, international undergraduate fees level out at around £11,987 ($17,870) – approximately £4,000 more than home students.


At postgraduate level, the average international fee for classroom based programs in 2014-15 is £12,390 ($18,470), although the majority of courses range from between £10,000 and £13,000 ($14,900-$19,380). For laboratory-based programs, average annual fees stand at £14,274 ($21,285), while for clinical degree programs the average figure is £21,296 ($31,750). For leading clinical programs (such as medicine) at leading UK universities, however, fees can be as high as £38,532 ($57,440) annually. 
UK scholarships and student funding


Home (UK/EU) students are eligible for loans, grants and other forms of funding to cover their UK tuition fees, with differing amounts of funding depending on location. While student loans for home students tend to cover all tuition fees, the additional loan to cover the cost of living in the UK often falls short of the needed amount, with a maximum living loan of UK£5,740 ($8,560) for students outside of London and up to £7,751 (UK£11,550) for those who study in London.


Undergraduate home students at private UK universities (there are only three in the country) can still apply for tuition fee loans for most courses, as well as maintenance loans and maintenance grants. However, the tuition fee loan might not cover the full amount.


A large range of scholarships to study in the UK are also offered by the government, individual universities, independent organizations and various charities. The Education UK website provides a searchable database of 3,000 scholarships for international and home students. It is also worth checking to see what scholarships and support schemes are available from the government and other organizations in your own country.


Prominent UK scholarships for international students include:
Chevening Scholarships – government funded UK scholarships open to outstanding students with leadership potential from around the world to study at postgraduate level at accredited UK universities.
Marshall Scholarships – UK scholarships for high-achieving US students to gain funding to study in the UK.
Commonwealth Scholarships and fellowships – UK scholarships offered by member governments to citizens of other Commonwealth countries.


UK scholarships are more widely available at postgraduate level, with relatively few offered for undergraduate students. However, always check with your chosen university, as support is often available for exceptional undergraduate students.


For a longer list of prominent international scholarships to study in the UK, see this article.
Value for money?



The UK is the world’s second most popular destination for international students (after the US), with the strong reputation of UK universities continuing to give a competitive advantage to those who gain a UK degree. According to the Tracking International Graduate Outcomes survey (from the Department for Business Innovation and Skills), international students in the UK are more likely to earn higher salaries after graduation than if they’d studied at home. So the overall cost to study in the UK may well be counterbalanced by future returns.