Master of Business Economics is a postgraduate course having duration of 2 years. The course study mainly focuses on the economic aspects of business. Diverse aspects related to finance, operations, Human Resources, Law, etc are covered under the course. The students get trained to handle the financial and accounting aspects of business in the most appropriate way. The main objective of the course is to create management professionals who can apply economics theories in effective management.

Advantages or Benefits of Master of Business Economics

The course is much suitable for students who are passionate to lead, own, create and transform a business enterprise. The course study helps the candidate to gain decision-making skills, which can cause a direct impact on the success of the business. After completion of the course, the candidates either can seek higher study options or can search for a rewarding career. Job opportunities are opened to these professionals both in the country as well as abroad.

Eligibility required for Master of Business Economics

Graduation is the basic qualification required to apply for the course. The qualification must be obtained in any discipline with minimum 50% percentage marks. The selection to the course is carried out on the bases of the marks scored in graduation or through entrance test.

Admission Procedure of Master of Business Economics

The candidates should visit the official website of the institution/University (that offers the course) to collect admission. If there is an entrance test, the candidate can apply for the same through the web portal. Questions on quantitative aptitude, reasoning, verbal ability are covered under the entrance test. Those who pass this level are shortlisted for further selection process (interview). In case of institutions that admit candidates on the bases of marks, the candidates must specify the qualifying examination passed, the marks obtained in graduation, etc in the application form. Based on the marks, the candidates are considered for the process.

Colleges offering Master of Business Economics

• Bhim Rao Ambedkar College, Yamuna Vihar, New Delhi
• Chhatrapati Sahu Ji Maharaj University / Kanpur University, C.J.S.M University, Kanpur, Uttar Pradesh
• Cochin University of Science and Technology, Kochi, Kerala
• Doaba College, Tanda Road, jalandhar, Punjab
• Guru Nanak Dev University, Amitsar, Punjab
• I.I.S. University, I.C.G Campus Gurukul Marg SFS Manasarovar, jaipur, Rajasthan
• Indian Institute of Management - IIM Ahmedabad, Ahmedabad, Gujarat
• Indian School of Business (ISB), ISB Campus, Hyderabad, Andhra Pradesh
• Madhya Pradesh Bhoj (Open) University, Bhopal, Madhya Pradesh
• Maharaja Agrasen Mahavidyalaya, Yamuna Nagar, Haryana
• Mewar Institute of Management, Ghaziabad, Uttar Pradesh
• Punjabi University, Patiala, Punjab
• University of Delhi, New Delhi
• University of Lucknow, Lucknow, Uttar Pradesh

Course Curriculum of Master of Business Economics

Semester-I

• Micro Economics Analysis
• Applied Business Statistics
• Principals of Business Finance and Accounting
• Organizational Behavior and Development
• Project Appraisal and Impact Analysis
• Legal Environment and Business

Semester-II

• Macroeconomic Analysis and Policy
• Industrial Economics
• Marketing Management
• International Trade and Business
• Economics of Natural Resources and Environment
• Fundamentals of Econometrics

Semester-III

• Financial Market and Intermediaries
• Economics of Services
• Electives

Semester-IV

• Strategic Management
• India in the Contemporary World Economy
• Sustainable Development and Business/Inter-Disciplinary
• World Trading System
• Global Finance
• Research Projects

List of Electives

Group-I

• Quantitative Techniques in Business
• Advanced Econometrics
• Time Series and Business Forecasting
• Game Theory and Application

Group-II

• Marketing and Distribution
• Marketing Research
• Strategic Marketing Management
• International Marketing

Group-III

• Business Finance
• Financial Derivatives and Risk Management
• Investment and Portfolio Management
• Applied Corporate Finance

Group-IV

• Economics of Infrastructure and Regulation
• Urban Transportation Economics
• Infrastructure Economics
• Energy Economics

Group-V

• Agriculture and Resource Economics
• Agriculture Markets
• Agriculture Economics
• Eco-System Services and Ecological Economics

Group-VI

• Human Resource Management
• Labor Economics and Industrial Relations
• Managing Change and Organizations
• Strategic Human Resource Management

Text Books on Master of Business Economics

• Bank Financial Management Indian Institute of banking & Finance
• Banking Law and Practice by P. N. Varshney
• Banking Law and Practices in India by Tannan
• Banking- Theory, Law and Practice by Gordon & Natarajan
• Banks and Institutional Management by Vasant Desai
• Environment and Management of Financial Services by O. P. Agarwal
• Foreign Trade and Foreign Exchange by B. K. Chaudhari & O. P. Agarwal
• Hand Book on Lending to Agriculture by D. P. Sarada
• Indian Financial System by H.R.Machiraju
• Law and Practice of Banking by P. N. Varshney and Gopal Swaroop
• Practice and Law of Banking by B. S. Khubchandani Law and Practice of Banking by S. K. Davar
• Practice of Banking Advances by Bedi and Hardikar
• Practice of Law of Banking by H. R. Suneja
• RBI, IBA and NABARD Journals
• Regulatory Requirements under FEMA- Foreign Exchange Dealer’s Association
• Report of committee on Customer Service by Indian Banks Association (Goiporia Committee)
• Report of the Committee on Financial Sector Reforms (Narsimham Committee I & II)
• Report of the Committee on working of Monetary System in India (Chakravarty committee)
• Risk Management by Dr. G. Kotreshwar

Job and Career after Master of Business Economics

Business Economist is the most common job profile available for students who have completed M.B.E course. They work with a various industrial firms such as manufacturing, banking, mining, transportation, communications, insurance, retailing, investment, and so on. These professionals often act as an intermediate between the company and the outside world. The job role of these professionals often varies with the size of the firm. Job opportunities can be found both public as well as private sector enterprises. The common job types and the employment areas for those who have completed their master’s degree in business economics are mentioned below.

Job Types

• Asset Manager
• Assistant Administrative Officer (AAO)
• Assistant Controller
• Business Analyst
• Business Economist
• Cashier/Teller
• Corporate Analyst
• Credit and Risk Manager
• Customer Service Representative
• Development Officer
• Equity Research Analyst
• Finance Manager
• Financial Analysts
• Internal Auditor
• Investment Analyst
• Investment Banker
• Loan Counselor
• Loan Officer
• Loss Control Specialist
• Market Analyst
• Marketing and Sales Executive
• Marketing Manager
• Money Manager
• Operations Manager
• Personal Financial Advisor
• Recovery Agent
• Risk Analyst
• Sales Manager
• Sales Officer
• Sales Representative
• Securities Analyst
• Stock Analyst
• Treasurer

Employment Areas

• Industries
• Banks
• Business Schools
• Charity Associations
• Consultancies
• Credit Companies
• Economic Consulting Jobs
• Educational Institutes
• Health Departments
• Indian Civil Services
• Indian Economic Services
• Insurance Industry
• Investments
• Mortgage Companies
• Property Developers
• Research Agencies
• Research Associates with Economic Consulting Firms
• Savings and Loan Associations

Remuneration after Master of Business Economics

Master of Business Economics graduates can expect reasonable pay packages in both industry as well as governmental firms. A fresher can expect starting salary with in the Rs, 12,000/- to Rs. 15,000/- per month in medium level firms. By gaining adequate job experience, the candidate can expect higher salary packages. A one year experienced candidate can expect salary between Rs. 100000 to Rs. 200000 per annum.