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.
