(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
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?
(2). Who can do MBA in Business
Economics?
(3). Is a Commerce background
necessary for getting admission Business Economics course?
(4). What courses can be done after
MBA in Business Economics?
(5). What are the top colleges for
pursuing MBA in Business Economics?
(6). Can Arts students apply for the
Business Economics course?
(7). Which are the top recruiting
areas after completing a business economics course?
(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?
(9). Is it worth doing MBA in Business
Economics?
(10).
What are the benefits of doing an MBA in Business Economics?
(11). What skills are 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?
(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.