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Still confused between Masters in business economics i.e; M.B.E., M.B.A. in business economics, and Masters in Applied Economics..!

I want to work in corporate sector. which among these will help me in getting good career opportunity and scope in future after B.A. in Eco. hons. :- Masters in business economics i.e; M.B.E., M.B.A. in business economics, or Masters in Applied Economics? I don't want to go in teaching line.

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3 answers

RE: Still confused between Masters in business economics i.e; M.B.E., M.B.A. in business economics, and Masters in Applied Economics..!

Dr Aparna
Dr Aparna
Verified Career Expert
PhD Organizational Psychology
  • Hosur


Hello


A career clubbed with economics and business is definitely an excellent choice for pursuing corporate careers. Among the three choices that you have given, I shall explain about each of these degrees one by one below.

First let me explain about Masters in Business Economics MBE degree. This degree offers in-depth knowledge on Economics technicalities in a business environment. As a part of the degree, you will study Micro and macro economic analysis, applied business statistics, project appraisal, organisational behaviour, legal environment and business, industrial economics, marketing environment, international trade, econometrics, financial market and services, energy economics, agricultural economics, trade economics, eco-system and ecological economics, labour economics, infrastructure economics, world trading system and global finance. This degree will give you core Economics careers like an Economist or a Senior Economist in specific sector like trade, agriculture, health, education etc. This degree is very much suitable for students who have less than two years of work experience and also for students who would like to aim for Corporate Economist careers. If you have just completed a Bachelors degree and are looking for an in-depth core Economics subject, and also with a less than two years of work experience, then this is the best choice for you.

MBA in Business Economics is a professional business degree with a little Economics element. This degree will offer in-depth theories on application of Economics at Business environment. Ideally the syllabus will be distributed equally between Economics and business subjects as 50-50%. This degree is best suited for someone who has good number of work experience, preferably more than five years of experience. In fact most people can also do an MBA Business economics degree after a MBE degree. MBA Business economics is treated as a professional degree more than an MBE degree is actually considered.

The last subject you said is the MSc Applied Economics. This does offer in-depth theoretical knowledge only in Economics and has no relations to Business. Completing this degree graduates can also work in corporates as an Economist but however they might at some point often need to do a professional degree like the MBA Business economics to lead in their career. Alternatively, students often choose to do a PhD Economics after an MSc Economics, as this route often leads to a teaching/ professor career. As you aren't interested in teaching, you can skip this option.

Finally, I would advice you to take the MBE degree if you are a fresh graduate, with less than two years work experience and want to study only Economics in-depth. Alternatively, if you have already gained more than five years of experience, choosing to studying an MBA in Business economics is ideal. Hope this helps. Good luck.

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