MBA (Business Economics)

  • course years 2 Years
  • type of course Post Graduate
  • course stream Management
  • course type Full Time

(1). About the Course

The MBA in Business Economics is a two-year postgraduate course. Its goal is to embrace and understand economic concepts, learn about business-related difficulties, and develop the best possible solutions. Graduates of the MBA Program in Business Administration put together jobs in banking, standard administration, economics, and improvement 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. The entrance examination required for admission must be taken by the students. When making use of an MBA diploma in Business Administration, college students want to recognize approximately the admission requirements.

MBA in Business Economics permits college students to find out about numerous demanding situations within the carrier quarter inside the generation of globalization and Privatization.   MBA in Business Economics gathers the knowledge of economic principles and learn about business-related issues and getting the best solution for them. MBA in Business Economics route falls under the umbrella of an MBA route.

MBA in Business Economics subjects are Finance, Marketing, Human Resources, Operations, Transport, and Applied economics. MBA in Business Economics direction prepares graduates for a profession in banking, financial and improvement planning, and well-known management.

Course Highlights

Given below are a few of the important highlights of the MBA in Business Economics program.

Particulars Value
Course Name Master of Business Administration in Business Economics
Course Level Postgraduate
Course Duration 2 Years
Eligibility Criteria A minimum of 50% average marks in graduation
Admission Process Entrance + Merit-based
Examination Type Semester based
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
Top 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
Job Profiles Business Development Executive, Business Planning & Finance Analyst, Economics, Business Manager, Business Economics Associate, Teacher & Tutor, Business Analyst, Economics Business Analyst, Business Analyst, Medical Economics Manager
Employment Areas Research and Business Development Hubs, Corporate Sectors, Financing Sectors, Stock Markets, Banking Sectors, Consultancy Services, Colleges & Universities, and Insurance Companies
Top Recruiters Banks, Investment Banking, Stock Broking Firms, Financial Institutions, Industrial Organizations, Non-Profit Organizations, Export Companies, and Marketing Firms.

Why study MBA in Business Economics?

MBA in Business Economics provides students with a grounding in the fundamentals of Business Statistics. This improves their problem-solving skills and analytical skills.

(1). Dynamic Environment

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

(2). 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 in Business Economics provides new opportunities and challenges to face in day-to-day life.

(2). Admission Process

The MBA Business Administration admissions manner is primarily based totally on cut-off ratings from direct admission or grades done with inside the front examination. Admission to MBA courses does not depend on the specialization chosen by the student.

Types of MBA Business Economics

Aspirants can pursue the route in full-time or part-time mode. Below are the varieties of MBA Business Economics publications in detail:

(1). Distance

Distance studying is a suitable option when pursuing an MBA in Business Economics after having a bachelor's degree but missing the time to wait for conventional sessions. Depending on the candidate's schedule, it takes 3 years to finish.

(2). Full-Time

A two-year, full-time MBA in Business Economics is available. Practical information is extra vital than theoretical know-how in this line of work. A full-time direction permits college students to attach intently with instructors and different college students, therefore increasing their exposure, experience, and knowledge.

(3). Part-Time

There is a part-time MBA in Business Economics. In this line of business, practical information supersedes theoretical comprehension. The advantage of a part-time MBA in Business Economics is, it allows candidate flexibility to work while studying.

Eligibility Criteria

(i). Students with a bachelor's degree must achieve at least 50% of the total and are eligible to apply for the course.
(ii). The entrance examination required for admission must be taken by the student himself/herself.
(iii). There is no age limit for enrollment so anyone can enroll.
(iv). Some colleges/Universities demand at least one year of relevant experience, and the candidate can enroll in courses to hone and broaden her management skills.

Admission Process

The majority of the institutions offer Business Economics degrees and certification courses based on an entrance examination. Despite that, some establishments offer direct admission primarily based totally on the advantage acquired inside the examination. Some establishments take private interviews earlier than declaring admission. You need to take a look at your selected organization’s proper internet site for entire information about their admission procedure.

Accepted Entrance Exams

Students can appear for the entrance exams for admission to top colleges and universities. Selection for admission might be primarily based totally on the benefit listing relying on his/her commencement marks. The decided candidate seems for GD (Group Discussion) and PI (Personal Interview).

Students and the control college requested questions to check their crucial questioning capabilities, and the aspirants had been decided on primarily based totally on the assessments. Listed under are the MBA in Business Economics front exams:

SNAP MAT CAT
ATMA XAT CMAT
GMAT NMAT PGCET
MAH CET TANCET KMAT

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

Skills Required

Candidates who want to pursue a course in Business Economics need to be good with numbers and have good communication skills. Some key skills that an individual should possess so as to be successful in the field of Business Economics are:

Logical Knowledge of social sciences At ease with uncertainty
Mathematical aptitude Strong understanding of the business environment Confident
Organized Thinking ability Good communication skills
Problem-solving skills Good with numbers Intellectually curious
Quick writing ability Hard worker Keen observer
Self-motivated Inquisitive

Fee Structure

The MBA in Business Economics duration is of two years and consists of 4 semesters. The average MBA in Business Economics fees ranges from INR 5,00,000-10,00,000 PA. Some of the MBA in Business Economics offering colleges are listed below according to their fees structure:

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

Selection Criteria

After the organization discussion, the shortlisted college students will seem for a non-public interview with college/college experts. After the non-public interview, college students will seem for a collection discussion, and then they could affirm their files in college/university, and after, they could pay their fees.

(3). Course Comparison

MBA in Business Economics v/s MBA in Economics

The MBA Business Economics software covers lots of subjects, which include Management, Principles, and Communication to call a few. Below is a comparison between the MBA in Business Economics and MBA in Economics:

Parameters MBA Business Economics MBA Economics
Course Name Master of Business Administration in Business Economics Master of Business Administration in Economics
Course Overview The MBA in Business Economics is a two-year postgraduate course. Its goal is to embrace and understand economic concepts, learn about business-related difficulties, and develop the best possible solutions. An MBA in Economics is clearly a conventional MBA with an awareness of Economics. In that manner, the non-compulsory instructions covered inside the MBA curriculum are centered on economics. Through an economics concentration, you will broaden your deep expertise in commercial enterprise subjects which can be rooted in monetary principles.
Course Duration 2 years 2 years
Eligibility Criteria Bachelors in relevant field with 50% Bachelors in relevant field with 50%
Average Annual Fees INR 10,00,000 INR 30,000-10,00,000
Course Stream Management Management
Entrance Exams CAT, XAT, GMAT, ATMA CAT, XAT, GMAT, ATMA
Top Colleges IIT Kharagpur, St. Xavier’s College, Jaipur IIM Ahmedabad, IIM Kolkata, IMI Delhi, Amity University

(4). Top Colleges

MBA in Business Economics path is one of the top-rated publications with inside the modern trend, and let's see the pinnacle MBA in Business Economics schools in India:

Name of College Average Annual Fee(INR) Location
Lal Bahadur Shastri Institute Of Management INR 7,70,000 New Delhi
Institute Of Rural Management INR 1,615,452 Anand
Maharshi Dayanand University INR 39,694 Rohtak
Parul University INR 74,000 Vadodara
St Joseph's Institute Of Management INR 4,30,000 Bangalore
Khallikote University INR 24,700 Berhampur
Institute Of Business Management, Csjm University INR 1,06,000 Kanpur
The University Of Delhi, Department Of Financial Studies INR 26,000 New Delhi
Institute Of Business Management & Research INR 1,15,000 Indore

Top MBA in Business Economics colleges by NIRF

MBA in Business Economics direction is one of the ultimate publications with inside the present day trend, and lets a examine the pinnacle MBA in Business Economics faculties in India in step with NIRF:

Name of College Average Annual Fee(INR) NIRF Ranking
IIM Ahmedabad INR 23,00,000 1
FMS New Delhi INR 2,00,000 2
GIM, Goa INR 18,31,000 3
IIM, Nagpur INR 17,00,000 4
IIT, Kharagpur INR 9,00,000 5
IMI, Kolkata INR 10,50,000 6
FORE School of Management, Delhi INR 16,98,000 7
KJ Somiya Insititute of Management, Mumbai INR 16,62,000 8
IMS, Noida INR 8,00,000 9
IMT Nagpur INR 12,00,000 10

Top City-wise MBA in Business Economics Colleges

Below is the list of colleges which are the top city-wise MBA Business Economics colleges in India:

Name of City Name of College
Ahmedabad BAOU
MSU
BK School of Business Management
IIM
Nirma University
Hyderabad Institute of Management Technology
UoH
IPE
ICFAI
IBS
Bangalore GITAM School of Business
KJC
St. Joseph’s College
Jain University
SJCC
Chennai DG Vaishnav College
MCC
ITM
SRM University
Madras University

Top MBA Business Economics Government & Private Colleges

Government Colleges that provide MBA in Business Economics are cheap and cater to the economically backward and financially despondent segment of society. Here is a desk of government & non-public schools presenting an MBA in Business Economics:

Type of College Name of College
Government Kakatiya University
KARE
L.N.M Institute
Acharya Nagarjuna University
Bharasthidasan University
Private XLRI
SIBM
Amit University
NMIMS
SPJIMR

(5). Job & Placements

Business Economics has grown to be a crucial part of worldwide business. So, you could discover many process possibilities after finishing the Business Economics path at the undergraduate or postgraduate level.

Job Profiles

Business economists are specialized analysts and their focus should be on the structural side of the business. The not unusual place listing of jobs the Business Economics graduate can choose are as follows:

Job Profile Job Description
Public Relations Advertising strategy and campaign planning. Writing and generating presentations, articles, press releases, and social media posts.
Financial planner A monetary planner's number one task is to assist customers to increase non-public budgets. Set financial savings goals. minimizing, managing, and/or managing expenses; taking necessary steps to create and accumulate wealth, etc.
Accountant They maintain a document of the economic sports and interpret them. Any finance-associated obligations are supervised via way of means of them. They can work for people or public and personal agencies also.
Data Analyst Data analysts collect and keep facts approximately many behaviors, together with sales, marketplace research, logistics, and linguistics. They provide their technological know-how and guarantee the accuracy and quality of the data.
Economist They carry out research works after collecting data and analyzing them. The current economic trends are monitored by them for formulating forecasts. From energy costs to rates of inflation and interest- everything is in their domain.
Market research analyst Their main duty is to collect data from competitors and existing customers and then analyze them. They perform a thorough study of the market conditions and identify the potential areas where sales of a product or service can be profitable.
Stock Analyst Stock analyst responsibilities include researching companies or specific industries, and performing financial analysis based on current market trends and historical data.
Financial risk analyst They are responsible for identifying potential risks and analyzing them which puts a threat to the financial position of an organization or an individual or the market for that matter.
Corporate Manager The Corporate Service Manager develops and implements techniques that manipulate the organization's everyday operational activities.
Economic researcher They conduct research regarding economic problems in the delivery or production of products and services or their distribution. They also look into fiscal policies.
Financial Consultant They help the organization better it's business performance. They supervise the business operations, management of finance, profitability, financial strategies, etc.
Investment Analyst They research and collect data regarding the assets of a company, and analyze the stocks, currencies, bonds, and commodities at hand.

Top Recruiters

The top recruiters of business economists in India are listed below:

North-Eastern Development Finance Corporation Ltd. (NEDFI) Cognizant IOCL
ONGC Finance Karvy Consultants Ltd. KPMG
Reliance Telecom HCL Infosystems Ltd MNCs
SBI ICICI Bank National Informatics Centre (NIC)
Tata Motors ITC Ltd Aviva Life Insurance
Wipro Jindal Mud Logging Co. IDBI Ltd
ASTEC Kotak Mahindra Asian Paints
Indian Oil tanking Airtel Ltd. Infosys
Accenture

Employment Areas

The business Economics course can help you land a wide range of jobs available in different industries. Some of the sectors that hire candidates with a Business Economics degree are given below:

Insurance Industry Corporate Sectors Credit Companies
Mortgage Companies Research and Business Development Hubs Financing Sectors
Research Agencies Stock Markets Health Departments
Banks & Business Schools Banking Sectors Indian Civil Services
Colleges & Universities Consultancies Indian Economic Services

Average Salary

The blend of business and economics ensures that the graduates work in major firms with an average MBA Business Economics salary of INR 4,00,000 PA. The center's capabilities assist the aspirants specializing in finance control and marketing. The MBA Business Economics revenue bundle differs primarily based totally on different factors like skills, experience, etc. Some of the common MBA Business Economics salaries for the acting roles are indexed below.

Job Role Annual Average Salary(INR)
Financial planner INR 3,50,000
Public Relations INR 5,00,000
Economist INR 7,00,000
Data Analyst INR 6,90,000
Bank Manager INR 7,79,000
Corporate Manager INR 7,00,000
Financial Analysts INR 4,48,000
Market Analysts INR 4,89,000
Stock Analyst INR 2,80,000

(6). Career/Scope

There is a wide range of jobs for MBA Business Economics graduates in both the private and public sectors. After graduation, college students aiming for an MBA in commercial enterprise management can get a massive activity without being sure with the aid of using a selected field. An MBA degree in business administration with many specializations is a comprehensive degree.

Scope of Business Economics in India and Abroad

Business economics is the situation of all-time call for inside the process market. Opportunities are increasing due to globalization and the merging of the world economy. Looking from the element of profession and profession, it's also a crucial discipline. Economists accordingly have a vibrant profession in the applicable field. A well-trained business economist has very high demand in India as they possess good knowledge of capital budgeting and capital management.

The scope overseas may be very excessive because it covers the issues that a businessman or the enterprise analyst of the status quo faces. The numerous capabilities that an economics graduate acquires are that of a funding analyst, statistician, economist, records analyst, stockbroker, and more. The graduate needs to be capable of taking care of the internal/operational in addition to outside and/or environmental problems that an economic company faces. Developed countries like the USA, European countries, and rising Asian countries like Japan, Malaysia, and Singapore have a high demand for business economists.

Career options after MBA in Business Economics

Business economists may be applied in any enterprise to discover a real-time way to the troubles referred to below. This move has significance in an enterprise that lets you stay in your dream. With extended net penetration, Business Economics has created its location to forecast and examine data. After opting for an MBA in Business Economics, you can get employment opportunities for the following job titles:

(i). Market Research Specialist
(ii). Investment Analyst
(iii). Director of Finance
(iv). Stock Broker
(v). Insurance Underwriter
(vi). Risk Manage
(vii). Business Analyst.
(vii).  Market Research Analyst
(ix). Economic Consultant
(x). Financial Analyst
(xi). Bank Manager

Scope for Higher Education

Students/Aspirants completing MBA in Business Economics guides can get hired by professional agencies like McKinsey and Company. MBA in Business Economics graduates also can pick out to pursue their better schooling like a Ph.D. In Business Administration or pursue certification guides in Business Economics, synthetic intelligence, or different technology-primarily based totally guides. Some of the courses students can pursue are:

(i). Certification course in Business Economics
(ii). Ph.D

Skills that make 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:

(i). Being able to Run Meetings with Stakeholders
(ii). Knowing the Objectives Well
(iii). Being Diligent with Time Management
(iv). Documenting and Writing Reports
(v). Verbal Communication
(vi). Good Listening Skills
(vii). Ability to Understand Delegated Objectives

(7). FAQs

(1). What is MBA in Business Economics?

Ans. The MBA in Business Economics is a two-year postgraduate course. Its goal is to embrace and understand economic concepts, learn about business-related difficulties, and develop the best possible solutions.

(2). Who can do MBA in Business Economics?

Ans. Students with their undergraduate degree must obtain a minimum of 50% aggregate and can apply for the course.

(3). Is a Commerce background necessary for getting admission Business Economics course?

Ans. No, it is not necessary. However, some institutions give preference to students from a Commerce background.

(4). What courses can be done after MBA in Business Economics?

Ans. MBA in Business Economics graduates can choose to pursue their higher education like a Ph.D. in Business Administration or pursue certification courses in Business Economics, and artificial intelligence.

(5). What are the top colleges for pursuing MBA in Business Economics?

Ans. St Joseph's Institute Of Management, Bangalore; Institute Of Business Management, CSMJ University, Kanpur; Lal Bahadur Shastri Institute of Management, New Delhi; and Maharshi Dayanand University, Rohtak are the top colleges for pursuing MBA in Business Economics.

(6). Can Arts students apply for the Business Economics course?

Ans. Yes, students from any discipline can apply for the Business Economics course. It is better if they have studied Economics.

(7). Which are the top recruiting areas after completing a business economics course?

Ans. The most common areas where business economists can find placements are:

(i). Insurance companies
(ii). Research and business development hubs Colleges
(iii). Universities
(iv). Banks
(v). Consultancy service providers
(vi). Stock market
(vii). Corporate companies

(8). Is it necessary to have commerce in 12th to pursue Business Economics in graduation?

Ans. No, it is not necessary; however, some colleges give preference to Commerce stream students

(9). Is it worth doing MBA in Business Economics?

Ans. Yes, an MBA in Business Economics can secure the future and help students get hired for job profiles in business forecasting, market research, forecasting, quantitative management, and project management.

(10).  What are the benefits of doing an MBA in Business Economics?

Ans. Some of the benefits of doing an MBA in Business Economics are Career opportunities, International knowledge, Highly-desirable skills, and Combining economics and business.

(11). What skills are required to pursue MBA in Business Economics?

Ans. Skills required to pursue MBA in Business Economics:

(i). Communication skills.
(ii). Initiative.
(iii). The ability to pivot.
(iv). Planning and organization.
(v). Strategic and analytical thinking.

(12). Which are the top colleges that offer MBA in Business Economics in India?

Ans. Colleges such as MDU, Rohtak, Goa Institute of Management, Institute of Business Management and Research, Indore, etc. are some of the popular colleges which offer an MBA in Business Economics.

(13). What is the average salary of an MBA Business Economics graduate?
Ans. The average salary of an MBA Business Economics graduate is INR 10 LPA.

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