MBA Business Economics or MBA (BE) is a 2 year course which is designed to overcome the issues occurring in the business world, that needs an analytical and quantitative approach with use of latest techniques evolving in the field of Business and Economics.
This program is totally featured on how to engage with the business enterprises and deal with company’s relationship with its man power, products, capital and target market.
The minimum eligibility of MBA Business Economics is graduation in any discipline and the approximate tuition fee is 80,000 INR per year.
After pursuing MBA Business Economics, students can get satisfying jobs in major corporations, investment firms and government agencies in roles which involve providing analytical solutions to troubleshoot problems.
What is MBA Business Economics about?
MBA Business Economics is a blend of Business and Economics that formulates successful strategies for completing given targets and earning profits. The main purpose of this course is to circulate detailed knowledge of macro and micro economics and quantitative techniques.
Students going for this course may specialize in different spheres of Business Economics that include Finance, Marketing, Human Resource Systems, Operations, Transport Economics, and Applied Environment Economics.
Business Statistics is one of the main topics covered in MBA (BE), which relates to industrial economics as well. The program is all about basics of transfer pricing, study of vital aspects comprising of service sectors in modern economics across the world.
MBA Business Economics main agenda is to transform students to skilled persons who are able to deal with competitive business challenges in the era of globalization and privatization.
Top Colleges for Master of Business Administration [MBA] (Business Economics)
- MBA/PGDM in Delhi-NCR
- MBA/PGDM in Maharashtra
- MBA/PGDM in Chennai
- MBA/PGDM in Uttar Pradesh
- MBA/PGDM in Telangana
Who should opt for MBA Business Economics?
Students willing to work in areas like Financial Management, Marketing Management, Human Resource Development should opt for MBA (BE) as this program can prove to be highly beneficial for them.
Students with good Communication skills, ability to handle pressure are completely apt for this course and must try their luck, for this course can pay them a handsome salary. Those who have caliber in managing things, have an added advantage.
What do you learn?
MBA Business Economics provides students a strong base in economic principles and helps develop a critical ability to solve business related issues in the best possible way.
In MBA (BE) students are taught to use economic principles on practical situations, therefore surpassing a number of business related obstacles.
From time to time, professionals face challenging problems in this field, for which this course is designed in a way that makes the students academically sound professionally competent so that they can solve any problem with ease.
In global business scenario, it’s very important to be aware of all the technicalities involved in a field so ambitious, for which MBA Business Economics is the right choice for aspiring MBAs.
MBA Business Economics is a 2 year course that is divided into 4 semesters, with examinations in the end of each semester.
Where to Study?
There are many Management Colleges in India that offer a course in MBA Business Economics which have impressive infrastructure and highly qualified faculties. Some of the top colleges for MBA (BE) are:
Name Of College
Vinod Gupta School of Management
Maharshi Dayanand University
Gurukula Kangri Vishwavidyalaya
Bapuji Academy of Management and Research
There are many other colleges like School of Economics Devi Ahilya Vishwavidyalaya, Indore and Atal Bihari Vajpayee Hindi Vishwavidyalaya, Bhopal that offer MBA (BE).
Eligibility Of the Master of Business Administration [MBA] (Business Economics)
The minimum eligibility for MBA (BE) is at least 50% marks in graduation in any discipline. However, certain institutes give preference to candidates with a background in commerce and economics.
How to Get Admission in Master of Business Administration [MBA] (Business Economics)
The process that is followed for admission to MBA Business Economics is:
- Entrance Exam
- Group Discussion / Personal Interview
- Final Admission
Some of the top examinations for admission to an MBA program are listed below:
- CAT: CAT is an examination conducted mainly for admission to the IIMs. The examination is held in the months of October – November. CAT scores are also accepted by many private institutes for admission to their MBA program.
- CMAT: CMAT is conducted by AICTE for admission to AICTE approved management institutes. Registration for CMAT starts in the month of November and examination is held in the month of January.
- MAT:MAT is conducted for admission to AIMA approved management institutes. MAT is conducted four times in a year, i.e. in the months of February, May, September and December.
Some colleges give admission on the basis of marks scored in these competitive exams, while some other colleges carry out their individual entrance exams. The skills tested in these exams are:
- Quantitative Ability
- Data Interpretation
- Verbal Ability
- Logical Reasoning
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Every entrance test is generally followed by a Group Discussion Round and/or a Personal Interview Round.
Candidates are judged on skills like depth of subject knowledge, group behavior, leadership qualities, communication skills, use of verbal and non verbal language, effective listening, level of confidence and clarity of expression in GD/PI round.
The selection is done keeping in mind all the 3 stages of application process.
In most colleges, weightage for the entrance test score is 60-75% and the weightage for GD/PI round varies from 25-40%.