MBA in Business Economics is a 2-year post-graduate course designed to engage with business enterprise and deal with various issues occurring in the business world with the latest techniques that are evolving in the business and economy field. Continue reading to get more details on this course.

 

MBA in Business Economics Course Details

Degree Masters
Full Form Master of Business Administration in Business Economics
Duration Course Duration of Master of Business Administration [MBA] (Business Economics) is 2 Years.
Age No age limit
Minimum Percentage A minimum of 50% average marks in graduation
Subjects Required Not Specified
Average Fees Incurred INR 5 - 20 LPA
Average Salary Offered INR 10 LPA (Source: Payscale)
Employment Roles Banks, Investment Banking, Business Development, Stock Broking Firms, Financial Institutions, Industrial Organizations, Non-Profit Organizations, Export Companies, and Marketing Firms.

About MBA Business Economics

MBA in Business Economics allows students to learn about various challenges in the service sector in the era of globalization and Privatisation. MBA in Business Economics allows students to gather knowledge of economic principles and learn about business-related issues and get the best solution for them. MBA in Business Economics prepares graduates for a career in banking, economic and development planning, and general management.

MBA in Business Economics subjects are Finance, Marketing, Human resource, Operations, Transport, Applied economics.

The technologies and tools used in MBA Business Economics are listed below:

  • SASBusiness Economics (SAS BA)
  • QlikView
  • Board
  • Splunk
  • Sisense
  • Microstrategy

Table of Contents

Eligibility Criteria for MBA in Business Economics

MBA in Business Economics is an essential course that meets the current trends of the business world. MBA in Business Economics course eligibility criteria are listed below:

Students who have completed their 12th and graduation degree from any recognized university with a minimum of 50% aggregate can apply for the course. Students must have completed the graduation degree from a recognized university in any discipline.

How To Get Admission for MBA in Business Economics?

The selection process for MBA in Business Economics is designed to identify influential personalities possessing a spirit of excitement and daring and the capability to pursue MBA Business Economics courses in management. The university uses different criteria for selecting aspirants, and it can be either through entrance exam scores or on a merit basis.MBA in Business Economics course admission process is either based on cut-off scores or through direct admission. Listed below are the admission process for MBA in Business Economics course:

Apply For the Course

All invited aspirants would need to fill the admission form online or offline by attaching all the documents in that format, including Aadhar card number, address proof, domicile, mark sheet of 10th, 12th, and the final year graduation mark sheet. 

Selection Criteria

After the group discussion, the shortlisted students will appear for a personal interview by college/university expertise. After the personal interview, students will appear for a group discussion, and then they can verify their documents in college/university, and after, they can pay their fees.

Students can appear for the entrance exams for admission in top colleges and universities. Selection for admission will be based on the merit list depending upon his/her graduation marks. The selected candidate appears for GD (Group Discussion) and PI (Personal Interview). From students, management faculty asked questions to test their critical thinking capabilities, and the aspirants were selected based on those assessments. Listed below are the MBA entrance exams:

Students are required to pass the entrance exams offered by colleges or universities.

A Quick Glance at the Entrance Exams

MBA in Business Economics in India is one of the best courses to pursue to fulfill one's technological aspirations with management studies' aid. Listed below are the entrance exams pattern is given:

  • The exam patterns consist of different sections like logical reasoning, data analysis, qualitative and quantitative ability.
  • The entrance exam duration is approximately three hours.
  • The pattern of the exam is online or offline mode according to the colleges/universities.
  • The exam pattern changes according to the colleges.

Top MBA in Business Economics Colleges in India

MBA in Business Economics colleges in India is one of the top-rated courses in the current trend, and let's have a look at the top MBA in Business Economics colleges according to NIRF

MBA Business Economics Colleges in India
NIRF Ranking Colleges
2 IIM Ahmedabad
23 FMS New Delhi
39 IMT Nagpur

Fee Structure for MBA in Business Economics

MBA in Business Economics is postgraduate management with a duration of two years and it consists of 4 semesters. The average MBA in Business Economics fees ranges from INR 5 LPA to 10 LPA.

Some of the MBA Business Economics offering colleges are listed below according to their fees structure:

MBA Business Economics Fee Structure
Colleges  Total Fees Structure
Indian Institute of Management Ahmedabad INR 23 Lakhs
Fore School of Management, New Delhi INR 15.98 LPA
Institute of Management Technology, Nagpur INR 12.10 LPA

Syllabus and Subjects for MBA in Business Economics

MBA in Business Economics stream students learn about marketing, finance, organization design, human resources management, decision sciences, and operations management. It is the 2nd year in which the MBA in Business Economics course syllabus gets different. Students do not have any difference from that of 1st-year students of other MBA programs. Following are the key topics covered in the courses of MBA in Business Economics Syllabus:

  • Business Analytics and Intelligence
  • Business Forecasting
  • Infrastructure Development
  • Indian and International Perspectives
  • Artificial Intelligence & Deep Learning
  • Multivariate Data Analysis
  • Optimization

Read More about MBA in Business Economics Syllabus and Subjects

Why Choose MBA in Business Economics?

MBA in Business Economics is a degree that consists of understanding business data, problem-solving, business tactics, forecasting, and communication. Let's get to know more about Business Economics" Why choose MBA in Business Economics?" with three simple questions.

What is MBA in Business Economics All About?

MBA Business Economics combines the data, sorting, collecting the data, listing the data, processing out the best outfits, and then using it out as statistical data and methods to transform data into business insights. MBA Business Economics helps formulate the dataset and what problems should be solved to increase the revenue of the business firm.

Electives Choices and Specialization: The MBA Business Economics components of these programs are usually taken as electives and core subjects and focuses on the business applications of data science with courses in big data, statistical applications, business forecasting, and optimization. 

Coursework: MBA in Business Economics programs prepares students in business and includes extensive coursework in basic business fundamentals such as accounting, finance, marketing, and strategy.

Transferable Skills: MBA in Business Economics offers many benefits like networking opportunities, transferable skills, and high salaries; thousands of business professionals earn this degree every year, hoping to position students themselves for success in a wide range of industries.

MBAs in Business Economics don't typically offer the same amount of hands-on experience with methodologies and analytical tools. MBA programs often cover machine learning topics by exploring their historical and theoretical applications to business economics problems rather than hands-on learning.

What Does a Business Economist Do? 

Business Economists work with organizations and to help them and improve their processes. Business Economics students analyze to come up with new solutions to business problems and help to introduce these systems to businesses and their clients. 

Planning and Analyzing data to develop their knowledge and skills – and suggest new methods for its beneficial process. The work of business economics is related to the job role within a department. 

Project Management: Business Economists can either work for a company to work on projects for their employer. The business economist's involvement in a project can vary. They may not be present in the short-term, coming up with new ideas and solutions to money problems in a particular project.

Reasons Why MBA in Business Economics Can Fetch You a Rewarding Career?

Dynamic Environment: Business Economics provides immense knowledge of money measurement for companies and industries to survive in every business-changing dynamic environment. 

Career Growth in Business Economics: The MBA in Business Economics course helps to gain much knowledge in management that will reward your future benefits. MBA Business Economics provides new opportunities and challenges to face in day-to-day life.

Read More about MBA in Business Economics Jobs

Preparation Tips for MBA in Business Economics

Alumni of MBA: Learn from those who had gone before you in a Business economics course. Former MBA students of Business Economics can provide perspective information on various tips for preparing. Talk to those who already have completed their MBA in Business Economics from the top business schools. While the business school's admissions team can make arrangements for campus visits and provide introductions, it may be even easier to find current students on LinkedIn or Instagram. 

Surf the Internet: What you gain from an MBA Business Economics program is problem-solving, management of funds, and leadership skills. If you want to build your career in the Business Economics area, you have to refer to books and the internet and explore them accordingly to the interest.

Concentration: Colleges provide the platform to gain more knowledge in a limited period and grow their career in business economics. It depends on the students how much they are concentrating on their studies.

An MBA Business Economics program helps develop the leadership and money management skills needed to advance your career. But to achieve your goal and succeed in your program of choice, you first need to prepare your mindset for Business Economics.

Scope For Higher Education in MBA in Business Economics

Students/Aspirants completing MBA in Business Economics courses can get hired in professional groups like McKinsey and Company. MBA in Business Economics graduates can also choose to pursue their higher education like Ph.D. in Business Administration or pursue certification courses in Business Economics, artificial intelligence, or other technology-based courses. 

Salary of an MBA Business Economists

MBA in Business Economics can secure your future and help the students get hired on job profiles of the business forecasts, market research, forecasting, quantitative manager, and project manager. Some of the well-known opportunities available for the MBA in Business Economics students are to get hired by companies like Accenture, HP, IBM, Cognizant, Tata Consultancy Services, American Express, and so on. The average MBA in Business Economics salary in India is approximately INR 10 LPA.

Read More about MBA in Business Economics Salary

Career Options After MBA in Business Economics

Business economists can be implemented in any industry to find a real-time solution to the problems mentioned below. This stream has its importance in business that can help you to live your dream. With increased internet penetration, Business Economics has created its place to forecast and analyze data. After opting for an MBA in Business Economics, you can get employment opportunities for the following job titles:

  • Business Analyst.
  • Market Research Analyst
  • Economic Consultant
  • Financial Analyst
  • Bank Manager
  • Market Research Specialist
  • Investment Analyst
  • Director of Finance
  • Stock Broker
  • Insurance Underwriter
  • Risk Manage

Skills That Makes You The Best Business Analyst 

MBA in Business Economics scope is rising in a current trend, and thus taking up a management course and learning analytical skills can help you advance in your career. By Master of Business Administration in Business Economics, you will gain the following skills:

  • Verbal Communication
  • Good Listening Skills
  • Ability to Understand Delegated Objectives
  • Being able to Run Meetings with Stakeholders
  • Knowing the Objectives Well
  • Being Diligent with Time Management
  • Documenting and Writing Reports

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