Master of Business Economics is a 2-year postgraduate course offered by some universities and colleges in India. The course was mainly conducted by the Delhi University earlier but now it is offered by many other institutes in India. The basic eligibility for pursuing this course is that the students should have completed their graduation. Though many institutes give admission to students of any stream, the students should have a background in economics or commerce.
Some of the top institutes offering a Master of Business Economics are:
The students of the Master of Business Economics study about micro and macroeconomic analysis, applied business statistics, project appraisal, organizational behaviour, marketing environment, international trade, etc. The average course fee ranges from INR 10,000-3 Lakhs.
The major recruiters for this course are the banking sector, government sector, corporate companies, large businesses on both national and international scale, audit agencies, etc. After completing this course, students get to work on profiles like Business Economist, Asset Manager, Market Analyst, Operations Manager, etc. The starting salary ranges from INR 5-20 Lakhs per annum in India.
|Eligibility for the program||Graduation from a recognized college with minimum qualifying marks|
|Duration of the program||2 years|
|Average Tuition Fee||INR 10,000-3 Lakhs|
|Average Salary (per annum)||INR 5-20 Lakhs|
|Job Profiles||Business Economist, Asset Manager, Market Analyst, Operations Manager, etc.|
Master of Business Economics or MBE is a postgraduate course which is a combination of management techniques along with economic theories. It helps a student in forecasting the market behaviours without losing on environmental facets that come along with it. It gives a dual degree by providing a base in micro and macroeconomic principles along with quantitative techniques. With that, it provides a thorough specialization in finance, marketing, operations, applied environmental economics concepts.
It throws light on our social responsibilities which business administration brings about with itself and how environmental considerations should be met before planning on actions. With a strong ground knowledge of economics along with management aptitude, one can easily do a critical assessment of the international conditions and change in government policies. The course covers various topics on the theoretical foundation with a practical relevance attached to it for practitioners in private and government sector including Industrial economics, Times series and business forecasting, International marketing, Global finance, etc.
|Master of Business Economics||MBA in Business Economics|
|This degree offers an in-depth knowledge of Economics and its technicalities in a business environment. MBE is an amalgamation of management, business administration, law, and economics with technology and engineering.||MBA in Business Economics is a professional business degree with a little emphasis on the economic elements. This degree will offer in-depth theories on the application of Economics in a business environment.|
|Institute Name||Location||Average Fees (per annum)|
|Noida International University||Gautam Buddh Nagar||INR 1,72,000|
|Bundelkhand University||Jhansi||INR 21,000|
|Mewar Institute of Management||Ghaziabad||INR 35,000|
|Gauhati University||Guwahati||INR 39,000|
|Himachal Pradesh University||Shimla||INR 4,600|
|Holy Cross Institute of Management and Technology-HCIMT||Calicut||INR 84,000|
The basic eligibility for Masters in Business Economics is a bachelor’s degree in any stream from a recognized university with a minimum of required aggregate percentage. Most of the universities require a minimum of 45%-55% aggregate marks. However, this may differ for various universities. Though many institutes give admission to students of any stream, the students should have a background in economics or commerce.
Students in the last year of graduation can also apply for the same.
Universities conduct admissions to this course on the basis of both entrance exams and on merit basis.
There are some universities which conduct entrance exams for giving admission to the Master of Business Economics course. The students who qualify the entrance test have to go through rigorous rounds of group discussions and personal interviews. Universities which conduct entrance examinations are:
Other than this, universities conduct admissions mainly on the basis of merit lists. Merit-list selections are also followed by rounds of group discussions and personal interviews. Since the course is very near to MBA, therefore my universities consider CAT for generating the merit-lists for Master of Business Economics.
After completing the degree of Master of Business Economics, students get to work in fields like:
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Those who want to study furthermore can go for courses like: