MBE or Masters in Business Economics is a postgraduate course which is 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.

The basic eligibility criterion for admission in this course is a bachelor’s degree in any stream from a recognized university. This a two year course including four semesters. The average tuition fee for the course is around 30k - 50k in government institutions and around 2-3 lakh in private institutions for the entire duration and can even go to 8 lakh in some private colleges.

After completing the course, students can work as an environment policy maker, development officer, economics teacher etc. Average starting salary of a master’s student is 6 lakhs p.a.

What is the Course about?

Masters in Business Economics is about mixing analytics and theory into one. 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 strong ground knowledge of economics along with management aptitude, one can easily do critical assessment of the international conditions and change in government policies.

The course cover various topics on 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.

This course has a gain over others as it provides skills of financial forecasting along with market analysis and risk evaluation at different stages. It makes a person accept welfare aspects of the projects given along with social responsibilities. Also, it focuses on application especially in the developing economies.

The job prospects after this course is prosperous as it provides the right skill set to function as a manager or an economist. With the increasingly increasing business complexities, economically centred employees are an asset to the company. One can pursue Ph.D. in Business economics after this, M.Phil. in Business Economics or other Doctoral programs of Business and Public Policy if they wish to.

Who Should Opt For This Course

Any bachelor degree holder who has a keen interest in economics subject and has a analytical bend of mind should go for this one.

If the candidate loves to forecast trends in the market and make policies to overcome failures, this course might be a handful for him/her.

Duration

The duration of the course is set at full two years sub divided into four semesters. Where usually industrial training starts in the third semester and goes on till the end of fourth semester. In these two years, the curriculum makes it sure to develop a person fundamentally and critically.

Top Institutes

There are many institutes offering this post graduate course, some of them are-  

• Zakir Husain College (University of Delhi)
• Lucknow University
• Punjab University
• Jawaharlal Nehru Technological University
• Asia Pacific Institute of Management Studies
• Goswami Ganesh Dutta Sanatan Dharam College

Candidate must have at least cleared his/her 12^th class with minimum 50% of marks in aggregate from Higher Senior secondary. All SC/ST candidate should have 5% of relaxation.