Study Economics in Poland: Undergraduate and Postgraduate Studies

Poland, the sixth-largest economy in the European Union is growing strong and steady. With such a strong economy, the country is also famed for its education in the field. There are some top universities that deliver English-taught courses in economics in Poland. These include the University of Warsaw, the University of Wrocław, the University of Lodz, Vistula University, and the University of Szczecin. The economics courses in Poland cover all the aspects of economics including microeconomics and macroeconomics. Additionally, the low tuition fees and high standard of living at a low cost are some of the other reasons which make it an excellent choice for international students. 

International students interested in pursuing economics in Poland can apply to the aforementioned universities. You can pursue first- and second-cycle programs in economics at the University of Lodz, Vistula University, and the University of Szczecin. The University of Warsaw and the University of Wrocaw only offer second-cycle economics programs.

Highlights: Study Economics in Poland

Why Study Economics in Poland?

Quality education: Economics universities in Poland are internationally recognized and are known for offering quality education. They rank highly in the Perspektywy Ranking by Subject: Economy 2023. 

English-taught programs: Students do not need to learn Polish to study economics in Poland. Universities in Poland offer English-taught programs for international students. 

Affordable fees: Economics studies in Poland are highly affordable for international students. The average tuition fees for economics in Poland range from 2,000 to 4,000 EUR. 

Low cost of living: The average cost of living in Poland is 3,500 to 6,000 EUR per year which is quite affordable compared to other European countries. Students can also work while studying to earn cash to reduce their living costs further. 

Scholarships for international students: Polish universities and the government offer a variety of scholarships to international students. These scholarships are based on academic achievements, financial status, or other specific criteria. They can provide partial or full funding for your education. 

Multicultural and diverse study environment: Poland has some of the best student-friendly cities like Warsaw, Wroclaw, Poznan, Kraków, Łódź, etc., which host foreign students from over 180 countries. Thus, international students can truly experience a diverse and multicultural study environment in Poland. 

Post study work visa: International students who have completed their studies in Poland can apply for a temporary residence permit, which allows them to search for employment in the country after graduation.

Best Universities to Study Economics in Poland

University of Warsaw

Ranked number 1 in the subject ranking in the country, the University of Warsaw is the best university in Poland to pursue economics. It is a public university in the country’s capital city, Warsaw. With a rich history of academic excellence since 1816, the university offers programs in 37 different fields of study as well as 100 specializations in technical sciences, humanities, and the natural sciences.

The University of Warsaw provides only a second-cycle degree in economics, which is offered by the Faculty of Economic Sciences. The program concentrates on international economics and covers both micro- and macro-economics and socio-economic processes on a global scale. The program concludes with a Master of Arts in Economics degree.

University of Wrocław

It is one of the oldest public research universities in Poland that was founded in 1702. The University of Wrocław houses over 30,000 students. There are 10 faculties at the university that offer courses in a wide range of fields of science like social sciences, humanities, biology chemistry, geography, mathematics, astronomy, and computer science. 

The university offers a two-year-old master’s degree in economics. The program is provided by the Faculty of Law, Administration, and Economics for over 20 years. It is designed for students who want to have a managerial career and provides skills and knowledge related to both traditional and modern economic fields. It also teaches problems related to international economics and business management in the Global and European markets.

University of Lodz

The University of Lodz is a state-owned university established in 1945 in Lodz, Poland. The university offers a range of 100 BA and MA programs in the disciplines of humanities, natural sciences, and social sciences. There are 13 faculties at the university that harbor an international student population of 2,750 students from diverse backgrounds.

The Faculty of Economics and Sociology at the University of Lodz delivers economics programs at both the undergraduate and graduate levels for international students. Both programs provide students with in-depth knowledge of the phenomena and problems of economics at the micro- and macroeconomic scales.

Vistula University

The Vistula University was established in 1992, initially under the name University of Insurance and Banking. It is among the best private universities in Poland. It is a group of four universities, where Vistula University and the Vistula School of Hospitality form the main pillars. There are 12,000 students enrolled at the university, pursuing 52 programs at the undergraduate and postgraduate levels.

The field of economics at Vistula University ranks 2nd among non-public universities in the Perspective 2023 ranking. There are both undergraduate and graduate degrees available in English in economics that are accredited by the Polish Accreditation Committee. They cover comprehensive knowledge of micro- and macroeconomics at global and regional levels. The bachelor’s degree is also available in online mode.

University of Szczecin

Situated in the West Pomerania region of Poland, the University of Szczecin is a public university founded in 1984. Over 11,000 students are currently studying at the seven faculties of the university. 

The faculty of Economics, Finance, and Management at the University of Szczecin delivers courses in economics at both undergraduate and graduate levels. The bachelor’s course, BA in Economics and IT Applications is formulated to teach the basics of economics, finance, marketing, and management plus how to design information systems. The MA in International Economics course focuses on socioeconomic phenomena on a regional and global scale. 

Admission Requirements to Study Economics in Poland

Bachelor’s Level

• High school diploma 
• A certificate confirming English Language proficiency on B2 level (IELTS 5.5 or TOEFL 70) and the certificate must not be older than 3 years 
• Passport 
• Student visa 
• Motivational letter 
• Reference letters
• University entrance test or interview (if any)
• Portfolio

Master’s Level

• Bachelor’s degree obtained in economics or related fields either in Poland or abroad
• A certificate confirming English Language knowledge on B2+ level (IELTS >6.0 or TOEFL 72)
• Passport 
• Student visa 
• Motivational letter 
• Reference letters
• University entrance test or interview (if any)
• Portfolio

Career Opportunities

As per the Eurostat data, Poland has the lowest unemployment rate in the European Union, making it an ideal workplace. Thus, many international graduates stay back in the country to work after their studies. A degree in economics can get you employed as

• Economist 
• Accountant 
• Financial analyst 
• Actuary 
• Business economist 
• Budget consultant 
• Management consultant 
• Auditor 
• Financial planner

The companies that hire candidates with an economic background are economic forecasting firms, manufacturing companies, stock markets, financial advisory firms, healthcare companies, government institutions, etc. The World Salaries data suggests that the average yearly remuneration for an economics graduate in Poland is around 139,100 PLN (31,560 EUR). The lowest average salary is typically around 75,260 PLN (17,075 EUR) and the highest average salary is around 208,600 PLN (47,328 EUR).

Note: The tuition fees and costs mentioned are converted based on 1 PLN = 0.22 EUR. The exchange rates are subject to change from time to time.

Conclusion

Economics has been the most frequently chosen field of study in Poland owing to its affordability and quality of education. Popular universities like the University of Warsaw, the University of Wrocław, the University of Lodz, Vistula University, and the University of Szczecin offer programs in economics in Poland. The bachelor’s programs in economics in Poland last 3 years and the master’s programs last 2 years, and the annual tuition fees range from 2,000 to 4,000 EUR. 

If you are interested in getting an internationally recognized degree in economics at an affordable cost, then Poland should be your first choice. You can contact Gyanberry for assistance or guidance with admissions. We have a dedicated platform called Gyanberry designed specifically to streamline the application process for multiple universities. For more information and personalized guidance, contact our experts via a free video call.