MBA Business Economics: Course, Admission, Eligibility, Syllabus, Colleges, Scope, Jobs

The Master of Business Administration in Business Economics, popularly known as an MBA in Business Economics, is a postgraduate-level degree programme. The course duration is two years, spread across four semesters. It equips the students with a profound understanding of business economics concepts and their practical application in the business world.

The course curriculum primarily focuses on accounting, marketing, data analysis, international economics, and business finance. It also includes training in leadership and soft skills, enabling students to pursue careers in corporate strategy, financial analysis, market research, and consulting. The programme integrates business administration principles with a significant emphasis on economics, allowing candidates the opportunity to specialise in a particular domain during their final year of study.

As of now, only 7 educational institutes offer this MBA course in India. It is a relatively new specialisation. Some of the prominent institutes are Dbe DU, DAVV, MDU Rohtak and Dei Agra. Eligibility criteria vary depending on the institute, however, students need to have successfully completed their bachelor's degree in India from a recognised institute in India. Admission involves entrance tests, group discussions and personal interviews.

MBA Business Economics Course Details

MBA Business Economics Eligibility Criteria

The MBA in Business Economics eligibility criteria are determined by the governing body of each institution and can vary from one college to another. Most government colleges have similar educational prerequisites, which typically include holding a bachelor's degree in any discipline with minimum marks. Some colleges may even specify the required degree discipline and minimum passing marks.

Therefore, it is advisable to thoroughly review the specific MBA Business Economics eligibility criteria of the institution before applying for admission. Failing to meet these eligibility criteria will lead to the rejection of candidates' applications. The following are common MBA Business Economics eligibility criteria considered by most business schools in India:

MBA Business Economics Admission Procedure

The MBA Business Economics admission procedure can be found on the official website of each college offering these courses. The admission process for MBA Business Economics courses varies across institutions, whether private or public. In public colleges, MBA Business Economics admissions are slightly competitive due to the high number of applications received and the limited number of available seats. The relatively low fees and strong academic records of these colleges are factors that encourage candidates to apply for MBA Business Economics courses at public colleges.

Public colleges typically admit students based on their performance in entrance examinations. However, candidates may not need to appear for an entrance exam at private colleges. The MBA in Business Economics admission procedure also differs for reserved category students and international students. In the list below, we have provided the MBA in Business Economics admission procedure followed by top management colleges in India.

• Applicants must fulfil the eligibility criteria, as failing to do so will result in the non-consideration of their applications.
• They must successfully pass specific entrance exams such as the CAT, CMAT, GMAT, MAT, NMAT, or other state and university-level exams.
• They can complete the online counselling process and provide their branch preferences only if they clear the cutoff.
• While a personal interview might be part of the selection procedure, it is not always mandatory.
• Candidates are selected based on their entrance exam scorecard and their performance in personal interviews or group discussions.
• Applicants are expected to provide valid documentation and fulfil the course fee requirement.

Top MBA Business Economics Entrance Exams

Various entrance examinations are conducted annually by different organisations at the state, university, and national levels. These MBA Business Economics entrance exams serve as gateways to secure admission to top business schools in India. Below, we have listed the entrance examinations in detail.

MBA Business Economics Cutoff for Top Colleges

The MBA Business Economics cutoff is annually published on the official websites of the respective colleges that offer these courses. Many colleges consider the cutoff scores of exams such as CAT, CMAT, GMAT, MAT, and NMAT for MBA Business Economics admissions. Government colleges typically release cutoff scores by category, while the reservation criteria do not affect the MBA Business Economics cutoffs of private colleges. The cutoff scores are not fixed and can vary depending on the level of the exam, the total number of applicants, and the available seat intake.

MBA Business Economics Syllabus/Subjects

With a combination of theoretical and practical studies, complemented by internships and specialisations, the MBA in Business Economics course offers in-depth knowledge of finance, business, and economics. The MBA in Business Economics curriculum is typically structured into four semesters, and while the overall structure remains consistent across colleges, the specific subjects taught can vary. In the table below, we have listed the MBA in Business Economics subjects taught at Delhi University.

MBA Business Economics Syllabus for 1st Year

In the first year of MBA Business Economics, candidates will study subjects such as Micro Economic Analysis, Basic Econometrics, International Economics, and Business and Law. In the table below, we have mentioned the MBA Business Economics syllabus for the first year.

MBA Business Economics Syllabus for 2nd Year

In the second year of MBA Business Economics, students will study a mix of core and elective subjects. Some of the core subjects include Contemporary Indian Economy, International Financial System, and Accounting for Business.

MBA Business Economics Fees

The MBA Business Economics fees depend on the college candidates choose to enrol in. Some colleges have the autonomy to set their fee structure, while others follow the guidelines of affiliations and state or central government authorities. Public colleges generally have lower MBA Business Economics fees compared to private colleges, but it is worth noting that admission to these colleges can be more competitive.

Facilities provided by the college, academic excellence, and placement records are other factors that influence the MBA Business Economics fee structure. In public colleges, there may also be variations in fees based on gender and reserved categories. The average MBA Business Economics fees range between Rs. 24,000 to Rs. 2 lakhs.

MBA Business Economics Scope

The MBA in Business Economics scope is not limited to a single industry or sector. It provides a versatile skill set that is applicable across various fields, making graduates well-prepared to succeed in both the public and private sectors. The demand for professionals with expertise in business economics is high and they can work in the financial services, management consulting, healthcare, retail, and manufacturing industries. If candidates are more inclined towards working on innovative ideas, they can become entrepreneurs.

Career Options after MBA Business Economics

MBA Business Economics is a promising field for career growth because of its value in the market. Graduates with an MBA in Business Economics have a variety of career options available to them. Here are some common MBA Business Economics career paths and job roles that graduates can pursue:

Top Recruiters

• JP Morgan Chase
• Cognizant
• Deloitte
• HSBC
• EY
• Infosys

Benefits of Studying MBA Business Economics

MBA in Business Economics offers several benefits for individuals seeking to advance their careers in business and economics. MBA Business Economics graduates can work in a variety of industries and roles, as their skills are applicable across different sectors. The degree opens doors to a wide range of career options, including roles in finance, consulting, and corporate strategy. MBA Business Economics benefits individuals with the knowledge and skills needed to start and manage their businesses.

Top Government MBA Colleges in Business Economics in India

Among the top MBA Business Economics colleges, government institutions receive high rankings from the National Institutional Ranking Framework (NIRF) and other accredited bodies. In the table below, we have presented the top government MBA Business Economics colleges, along with their respective fee structures.

To conclude, an MBA in Business Economics offers promising career in the field of Economics and Business Management. Candidates can explore a variety of job profiles in several industries.