Iasam Academy MA Hons in Business Economics Admission 2024-25, Check Eligibility, Practice Papers, Jobs

Master of Business Economics About

Master of Business Economics or MBE is a postgraduate course for two years. The course includes understanding the global economy and its interaction with organizations, individuals and society. A candidate with a Bachelor’s degree or equivalent qualification in any discipline is eligible to apply for the MBE course. The candidate will have to secure a minimum aggregate of 45% marks at the UG level to be eligible to apply for MBE.Admissions to MBE are generally given on the basis of marks scored by the candidate in the previous examination. Some universities may ask candidates to appear for the entrance test. Business economics is an area of business decision-making for individuals interested in applying economic theory and analysis. MBE graduates get jobs as Business Economist, Asset Managers, Market Analysts, Operations Managers, Financial Analysts, Consultants, Financial advisors, Investment Bankers, etc. After completing MBE, if the candidate wants to pursue higher studies, then opt for Ph.D. in Business Administration, Economics, Management, Business Administration, Finance, or Organization Behaviour. After completing a Ph.D., one can become a professor in various colleges.

Master of Business Economics Course Highlights

Why Should You Study Master of Business Economics? 

• The main feature of the MBE program's teaching approach is the use of case study methods. It enables students to develop systematic and analytical problem-solving skills by reviewing case studies of effective companies in the country and abroad.
• It gives practical focus, with the possibility of completing work placements and professional projects included in the program.
• Those with a Master of Business Economics degree will seek various mid-level and executive positions in banks, investment companies, government departments, private corporations and other organisations.
• Management consulting careers have evolved on the basis of providing independent advice to help companies, organizations and businesses improve their performance, solve problems, create value, and maximize growth.
• Careers in investment management involve providing clients with financial advice and services to help them in investment matters such as the purchase and sale of units, investment trusts, shares, and bonds.
• For an economist the final move is to go for his PhD upon completing the course, students interested in their PhD will be highly qualified in business mathematics and statistics, econometrics, and theory.

Master of Business Economics Course Duration

The Master of Business Economics course duration is two years.

Master of Business Economics Eligibility Criteria

Educational Background: Typically, applicants are required to have a bachelor's degree or its equivalent from a recognized university or institution. The undergraduate degree may be in economics, business administration, finance, or a related field.

Minimum GPA: Many programs specify a minimum Grade Point Average (GPA) that applicants must have achieved during their undergraduate studies. This GPA requirement can vary but is often around 3.0 on a 4.0 scale.

Letters of Recommendation: Applicants may need to provide letters of recommendation from professors or professionals who can speak to their academic abilities, work ethic, and potential for success in the MBE program.

Master of Business Economics How to Apply

• Visit the official website of the institute offering the course.
  
• Download the application form from the website.
• Fill in the application form with the required details.
• Attach the necessary documents, such as academic records, portfolio, and photographs.
• Pay the application fee (if applicable).
• Submit the application form either online or in person.

Master of Business Economics Admission Process

• Step 1: Candidates need to register to the official website by providing their email id, mobile number, and password.
• Step 2: Filling up the online form with personal and academic details and course details. 
• Step 3: Upload all the scanned documents like candidate’s Photograph, Signature, Photo Identification, mark sheets, caste certificate, etc.
• Step 4: Payment of the application fees using a Net banking, debit/credit card.
• Step 5: Submission of the application fee and form, submit, and download the form for future references.

Master of Business Economics Application Process

• Fill the online application form.
• Upload the necessary documents.
• Pay the application fee (if any).
• Submit the application form.
• Check the status of the application form online.
• Wait for the institution to release the admission list.

Master of Business Economics Selection Process

The selection process for a Master of Business Economics program typically involves several steps designed to evaluate candidates' academic aptitude, professional experience, and suitability for the program. Firstly, applicants are usually required to submit a comprehensive application package, which typically includes academic transcripts, letters of recommendation, a statement of purpose outlining their academic and career goals, and sometimes a resume or CV detailing their work experience.Overall, the selection process for a Master of Business Economics program aims to identify candidates who not only possess strong academic credentials but also demonstrate the potential to thrive in a rigorous academic environment and contribute meaningfully to the program's community and alumni network.

Master of Business Economics Syllabus

Semester I

• Economic Analysis for Business Decisions–I
• Quantitative Techniques for Business
• Computer Applications for Business
• Business Finance & Accounting
• Organizational Principles and Behaviour

Semester II

• Economic Analysis for Business Decisions–II
• Operations Research
• Banking and Foreign Exchange Management
• Industrial Structure, Organization and Policy
• Consumer Behaviour and Marketing Management

Semester III

• International Trade and Business Procedures
• Advertising and Sales Management
• Investment Theory and Portfolio Management
• Indian and Global Economics Environment
• Management Information System
• Econometric Techniques

Semester IV

• Project Appraisal and Investment Planning
• Labour Economics and Industrial Relations
• Business Policy and Strategy
• Information Technology
• Forecasting and Business Planning
• Project Report

Master of Business Economics Job Scope

• Economics Business Analyst
• Medical Economics Market Manager
• Health Economics & Reimbursement Manager
• Online Economics Instructor
• Business and Economics Liaison Librarian
• International Business Economics and Policy Analyst
• Business Analyst
• Teacher & Tutor
• Economics Business Manager
• Health Economics Manager
• Assistant Professor
• Manager