Kanhaiya Kumar
Table of Contents
MBA in Business Economics
Master of Business Administration in Business Economics programs typically last for two years. It seeks to inculcate an appreciation for economic principles, educate its members on the realities of business, and inspire them to create effective responses to the challenges they face. MBA grads may choose from a wide variety of fields to work in after graduation, including banking, general management, economics, and strategic planning.
Admission to the MBA in Business Administration requires that students achieve at least 50% of the total to be eligible to apply for the course. Students are required to take the admissions test. Students interested in applying for a Master of Business Administration (MBA) program should educate themselves on the prerequisites for entry.
Students pursuing an MBA in Business Economics may get insight into the many difficulties facing the service sector in the age of globalization and privatization. A Master of Business Administration (MBA) in Business Economics is a comprehensive education in the field of economics, with a focus on its application to the analysis and resolution of practical business problems. The Master of Business Administration in Business Economics is a subset of the larger Master of Business Administration.
Finance, marketing, human resources, operations, transportation, and applied economics are all core courses in an MBA in Business Economics curriculum. Graduates with a master’s degree in business economics direction are well-equipped to enter the fields of banking, financial planning, and high-profile management.
MBA Business Economics Basis Information
To be eligible for admission to the MBA in Business Administration, candidates must obtain at least 50% of the total. Students must take the entrance test necessary for admission. Students should be aware of the admission criteria while applying for an MBA in Business Administration.
After the personal interview, students may take part in group discussions and verify their documentation with the institution before paying their fees. Google, Microsoft, Intel, Reliance, and Amazon are among the greatest private recruiters.
List of Top MBA Business Economics Colleges
- St Joseph’s Institute Of Management, Bangalore;
- Institute Of Business Management, Csjm University, Kanpur;
- Lal Bahadur Shastri Institute Of Management, New Delhi; and
- Maharshi Dayanand University, Rohtak
MBA Business Economics Overview
| Course Name | Master of Business Administration in Business Economics |
| MBA Business Economics Course Level | Postgraduate |
| MBA Business Economics Duration | 2 Years |
| MBA Business Economics Admission Process | Entrance Exam |
| MBA Business Economics Top Entrance Exam | CAT, CMAT, MAT, XAT, NMAT, SNAP, ATMA, GMAT |
| MBA Business Economics Eligibility | A minimum of 50% average marks in graduation |
| AMBA Business Economics average Course Fees | INR 5 – 20 LPA |
MBA in Business Economics Quick Questions
Q. What Is the Role of a Business Economist?
Ans. Business economists work with businesses to enhance their processes. Business Economics students evaluate to develop innovative answers to business challenges and assist in the introduction of these systems to firms and their customers.
Preparing and analyzing data in order to expand their knowledge and abilities – and to propose new techniques for its positive process. The task of business economics is tied to a department’s job position.
Project Management: Business economists might work for a firm or for themselves on projects. The role of the business economist in a project might vary. In the near term, they may not be present, coming up with fresh ideas and solutions to money difficulties in a certain project.
Q. Why an MBA in Business Economics Can Help You Get a Good Job?
Ans. Dynamic Environment: Business Economics gives an extensive understanding of money measurement for businesses and industries to thrive in today’s ever-changing business climate.
Career Advancement in Business Economics: The MBA in Business Economics course assists in gaining extensive managerial expertise that will aid you in the future. MBA in Business Economics provides you with new options and difficulties in everyday life.
Top MBA in Business Economics colleges by NIRF
MBA in Business Economics course is one of the most recent releases, and it allows a look at the top MBA in Business Economics faculties in India according to NIRF:
| NIRF Ranking | Name of College | Average Annual Fee(INR) |
|---|---|---|
| 1 | IIM Ahmedabad | INR 23,00,000 |
| 2 | FMS New Delhi | INR 2,00,000 |
| 3 | GIM, Goa | INR 18,31,000 |
| 4 | IIM, Nagpur | INR 17,00,000 |
| 5 | IIT, Kharagpur | INR 9,00,000 |
| 6 | IMI, Kolkata | INR 10,50,000 |
| 7 | FORE School of Management, Delhi | INR 16,98,000 |
| 8 | KJ Somaiya Institute of Management, Mumbai | INR 16,62,000 |
| 9 | IMS, Noida | INR 8,00,000 |
| 10 | IMT Nagpur | INR 12,00,000 |
MAB Business Economics Courses
Candidates may follow the path either full-time or part-time. The following are detailed descriptions of MBA Business Economics publications:
(1). Distance: While pursuing an MBA in Business Economics after completing a bachelor’s degree but lacking the time to attend traditional sessions, distance learning is a viable alternative. It takes 3 years to complete depending on the candidate’s schedule.
(2). Full-Time: A full-time, two-year MBA in Business Economics is offered. In this field of business, practical knowledge is more important than theoretical knowledge. Full-time supervision allows students to connect closely with teachers and other students, improving their exposure, experience, and expertise.
(3). Part-Time: A part-time MBA in Business Economics is available. In this field of work, practical knowledge trumps theoretical understanding. The benefit of a part-time MBA in Business Economics is that it permits candidates to work while studying.
MBA in Business Economics Eligibility
To be eligible to apply for the course, students with a bachelor’s degree must accomplish at least 50% of the total.
- The requisite admission test must be taken by the student himself/herself.
- There are no age restrictions for enrollment, so anybody may apply.
- Some colleges/universities need at least one year of relevant experience, and the applicant may sharpen and widen her management abilities by enrolling in courses.
MBA in Business Economics Admissions Procedure
The majority of colleges provide Business Economics degrees and certification courses via an admission test. Nonetheless, some organizations provide direct admission based entirely on the advantage obtained in the test. Several institutions conduct private interviews prior to admitting students. For more information about your chosen organization’s admission process, you should visit their official website.
MBA Business Economics Syllabus
Semester I
- Operations Management
- Business Analytics
- Managerial Economics
- Accounting for Managers
- Foundation of Management
- Business Statistics
- Business Environment
- Computer Applications and E-Commerce
Semester II
- Corporate Finance
- International Business
- Organizational Behavior
- Marketing Management
- Operation Research and Management
- Business Research Methodology
- Human Resource Management
- Indian Social and Political System
Semester III
- Fundamentals of Econometrics
- Mathematical Statistics
- Market Microstructure
- Time Series Econometrics
- Econometrics
- Business Analytics
Semester IV
- Data Mining and Data Warehousing
- Economics of Business Strategy
- Business Analysis using MS Excel
- Applied Multivariate Analysis
- Programming in Oracle
- Feasibility Analysis
MBA Business Economics Top Colleges
| College Name | Fees |
|---|---|
| St Joseph’s Institute Of Management, Bangalore | INR 4,30,000 |
| Institute Of Business Management, Csjm University, Kanpur | INR 1,06,000 |
| Lal Bahadur Shastri Institute Of Management, New Delhi | INR 7,70,000 |
| Maharshi Dayanand University, Rohtak | INR 39,694 |
| University Of Delhi, Department Of Financial Studies, New Delhi | INR 26,000 |
| Institute Of Business Management & Research, Indore | INR 1,15,000 |
| Parul University, Vadodara | INR 74,000 |
| Khallikote University, Berhampur | INR 24,700 |
| Institute Of Rural Management, Anand | INR 1,615,452 |
| Lal Bahadur Shastri Institute Of Management, New Delhi | INR 7,70,000 |
MBA in Business Economics Fee Structure
The MBA in Business Economics program lasts two years and is divided into four semesters. The average MBA in Business Economics tuition varies from INR 5,00,000 to INR 10,00,000 per year. According to their cost structure, the following universities offer MBA in Business Economics:
| Name of College | Average Annual Fee(INR) |
|---|---|
| FORE School of Management, Delhi | INR 16,98,000 |
| IMI, Kolkata | INR 10,50,000 |
| GIM, Goa | INR 18,31,000 |
| IIT, Kharagpur | INR 9,00,000 |
| IIM, Nagpur | INR 17,00,000 |
Top MBA Business Economics Colleges in Bangalore
Below is the list of colleges which are the top MBA Business Economics colleges in Bangalore:
| Institutions |
|---|
| Jain University |
| SJCC |
| GITAM School of Business |
| KJC |
| St. Joseph’s College |
Top MBA Business Economics Colleges in Chennai
Below is the list of colleges which are the top colleges for MBA Business Economics in Chennai:
| Institution |
|---|
| SRM University |
| Madras University |
| DG Vaishnav College |
| MCC |
| ITM |
Top MBA Business Economics Colleges in Hyderabad
| Institution |
|---|
| ICFAI |
| IBS |
| Institute of Management Technology |
| UoH |
| IPE |
Top MBA Business Economics Colleges in Ahmedabad
| Institution |
|---|
| IIM |
| Nirma University |
| BAOU |
| MSU |
| BK School of Business Management |
Top MBA Business Economics Colleges in Government Colleges
Government colleges that provide MBA in Business Economics are reasonably priced and serve the economically disadvantaged and financially dejected segments of society. The following is a list of government institutions that provide an MBA in Business Economics:
| Institution |
|---|
| Acharya Nagarjuna University, Andhra Pradesh |
| Bharathidasan University, Bihar |
| Kakatiya University, Andhra Pradesh |
| KARE, Kerala |
| L.N.M Institute, Bihar |
Top MBA Business Economics Colleges in Private Colleges
Several top private colleges offer a variety of MBA Business Economics programs. Around the nation, there are several prestigious schools and institutions. The following are the top colleges that offer an MBA in Business Economics:
| Institutions |
|---|
| NMIMS, Mumbai |
| SPJIMR, Mumbai |
| XLRI, Jharkhand |
| SIBM, Pune |
| Amity University, Noida |
Jobs for those with master’s degrees in business economics can be found in a variety of fields, from public to private, and in organizations ranging in size from multinational corporations to boutique investment firms. These positions typically require graduates to apply their analytical problem-solving skills to the resolution of complex issues.
Career Prospects and Job Scope for an MBA in Business Economics Graduate
Students who pursue an MBA in Business Economics have the opportunity to develop a fulfilling and successful career for themselves. The scope for students is quite great and lucrative, allowing them to earn a fair wage.
Some of the typical career positions that graduates may begin with are listed below:
- Corporate Manager
- Economist
- Public Relations Representative
- Market Research
- Stock Analyst
- Data analyst.
- Financial planner
- Accountant
- Economic researcher
- Financial Consultant
Job Profiles
Business economists are trained analysts who should concentrate on the structural aspects of the firm. The following are some common career opportunities for Business Economics graduates:
MBA in Business Economics Job Description
Public Affairs: Planning an advertising strategy and a campaign. Making presentations, articles, press releases, and social media postings.
Financial Advisor: The primary responsibility of a financial planner is to help clients in increasing their personal budgets. Establish financial savings objectives. reducing, controlling, and/or managing costs; taking the required actions to acquire and build riches, and so on.
Accountants: They keep a record of the economic games and analyze them. They are in charge of overseeing all financial commitments. They might work for individuals as well as governmental and private organizations.
Data Scientist: Data analysts gather and store information on a wide range of activities, including sales, market research, logistics, and linguistics. They provide their technical expertise and ensure the correctness and quality of the data.
Economists: They do research after gathering and evaluating data. They examine current economic patterns in order to make projections. Everything is under their purview, from energy prices to inflation and interest rates.
Market research analysts: Their primary responsibility is to gather and evaluate data from rivals and current consumers. They conduct a detailed examination of market circumstances in order to find possible regions where sales of a product or service might be lucrative.
Stock Analyst: Stock analysts are responsible for studying businesses or industries, as well as doing financial analysis based on current market patterns and historical data.
Financial risk analysts: They are in charge of discovering and assessing any risks that might jeopardize an organization’s, an individual’s, or the market’s financial situation.
MBA in Business Economics Conclusion
MBA in Business Economics is a two-year postgraduate study that includes data, sorting, gathering data, listing data, processing the best solutions, and then utilizing statistical data and techniques to turn data into business insights. An MBA in Business Economics assists in the formulation of the dataset and the resolution of issues in order to improve the revenue of the company enterprise.
These programs’ MBA in Business Economics components are often studied as electives and core topics, and they concentrate on the business applications of data science with courses in big data, statistical applications, business forecasting, and optimization. MBA in Business Economics programs prepare students for careers in business by providing intensive courses in accounting, finance, marketing, and strategy.
MBA in Business Economics provides several perks such as networking opportunities, transferable skills, and high pay; thousands of business professionals get this degree each year, seeking to position themselves for success in a variety of sectors.
Scope of Business Economics in India and Abroad
The position of all-time demand inside the process market is business economics. Globalization and the integration of the international economy are expanding opportunities. It is also an important discipline in terms of profession and profession. Economists have a thriving career in the relevant subject as a result. A well-trained business economist is in great demand in India because they understand capital budgeting and capital management.
The scope abroad may be quite broad since it encompasses the challenges that a businessman or a status quo enterprise analyst encounters. An economics graduate may work as a financing analyst, statistician, economist, records analyst, stockbroker, and many other jobs. The graduate must be competent in handling internal/operational issues as well as external and/or environmental issues that an economic organization may confront. Business economists are in great demand in developed nations such as the United States, Europe, and emerging Asian countries such as Japan, Malaysia, and Singapore.
Frequently Asked Questions About MBA in Business Economics
Q. How does an MBA in Business Economics work?
Ans. MBA (Business Economics) is a specialist degree program. The department provides a dual specialty in Finance, Marketing, Analytics (Advanced), and Economic Research, as well as a foundation in Business Analytics.
Q. Is an MBA in Business Economics a smart investment?
Ans. MBA in Business Economics scope is growing in popularity, so enrolling in a management school and developing analytical abilities will help you succeed in your work. You will get the following abilities as a Master of Business Administration in Business Economics: Communicating via speech. Excellent listening abilities.
Q. What can an MBA in economics get you?
Ans. An economics MBA prepares graduates to apply big-picture thinking to general business abilities, making them qualified for a variety of professions such as pricing analyst.
- Global management.
- Financial analyst.
- Management consultant.
- Economic forecaster.
Q. What is the salary for MBA in Business Economics?
Ans. MBA (Business Economics)
| Particulars | Value |
|---|---|
| Age | No age limit |
| Entrance Exam | CAT, CMAT, MAT, XAT, NMAT, SNAP, ATMA, GMAT |
| Average Annual Fees | INR 5,00,000-20,00,000 |
| Average Annual Salary | INR 10,00,000 |
Q. Which are the best universities in India that provide an MBA in Business Economics?
Ans. Colleges that offer an MBA in Business Economics include MDU, Rohtak, Goa Institute of Management, Institute of Business Management and Research, Indore, and others.
Q. What is the typical income for an MBA in Business Economics?
Ans. An MBA Business Economics graduate may expect to earn INR 10 LPA on average.
