MBA in Economics
Overview of Field
The MBA of Economics allows students to develop the skills needed for general management with a particular focus on the field of economics. The MBA of Economics is concerned with questions of allocating resources in a managerial environment. The MBA of Economics is in high demand in the energy, retail and technology sectors.
Structure and Duration of the Degree Program
The MBA of Economics generally lasts two years, but it can also take less and longer in some cases. The first year deals with core courses that are typically common to MBA students in a broad set of specializations. The second year allows students of MBA in Economics to enroll in electives. The electives in an MBA of Economics are focused on aspects of microeconomics and macroeconomics that have an application in the business world. Students in the MBA of Economics generally complete an internship between their two years and some form of final project.
Highlights of the coursework
The coursework in the MBA of Economics tends to involve assignments, discussions and case studies. The MBA of Economics requires students to complete mathematical problem sets in the core courses. The electives are more focused on original and creative thinking through project work. Students are invited to apply the principles of economics to real world situations.
Admission criteria and graduation requirements
Those with an undergraduate degree and some form of exposure to the business world through internships or/and job experience may readily apply. Graduation requires a successful completion of all courses, a summer internship and the final project.
Career prospects and average salary
According to the US Bureau of Labor Statistics (BLS), more than 90% professionals with a background in economics are able to earn more than $48,250 annually, with the top ten percent, that includes those with a master's degree in economics, such as an MBA, drawing annual salaries of over $155,490.
Q:What is the eligibility criteria for Economics MBA?
A:An MBA in Economics requires a four year undergraduate degree in related subjects and two years of corporate world exposure for you to be able to apply for the degree program.
Q:What is the focus in the elective courses of MBA Economics?
A:The focus of the elective courses in MBA Economics is on various in-depth aspects, analysis, theories, developments and findings of macro and micro economics.
Q:What is the key difference between the MSc Economics and MBA in Economics degree program?
A:The MSc Economics degree program is a more specialist Economics degree program that focuses entirely or majorly on the Economic studies. On the other hand the MBA in Economics is a business qualification that stresses on the Economic aspects of business.
Q:Why should I take up the MBA of Economics degree online?
A:Taking the MBA in Economics degree program will allow you to work during the day time and take your classes after office timings from the ease of home. In the online program, students make their own schedules hence you will not be loaded with work. You will have the facility of taking the class whenever and however you want and cover as much course as you can absorb. You will also save up on the travel time and costs. The online MBA in Economics is also considered comparatively less expensive when it comes to campus-based learning.
Q:What do the typical coursework for an Economics MBA comprise?
A:The typical coursework for an Economics MBA involve assignments, discussions and case studies, mathematics problem set, extensive research, and numerous projects relating the field of economics.
Q:I was studying the MBA Economics courses online at Kaplan International but now that I wish to study it in their campus, they are not allowing me. Why is it so?
A:The MBA Economics courses online are different from the traditional courses, in regards to the course structure and make up. Therefore it is usually seen that for subjects such as Economics, you can't transfer your credits to and from the online variant. You may apply for the state of the art hybrid MBA Economics program offered at Kaplan, which offers the economic understanding to students in both, online and on-campus training
Q:Are there any online MBA Economics schools?
A:Yes, there are various prestigious MBA Economics schools offering their degree programs online. Here are a few names of institutions offering online MBA Economics Degrees: University of North Dakota Georgia Southern University, Loyola University Maryland, University of Scranton and Pace University.
Q:What is the MBA in Economics?
A:The Masters of Business Administration in Economics is a graduate level degree focusing on the principles, theories, concepts and practical application of the subject of economics to the real world as well as its relation to the business world. It's a highly sought after degree opening a plethora of flexible job options for the degree holders.
Q:What is the MBA Economics focus in the program?
A:The focus point for the MBA in Economics is equally on macro and micro economics. Students are taught in depth economic theories and their theoretical background and significance in the degree program. A diverse range of courses relating economics are taught. These include: micro economics, macro economics, international economics, global economy, development economics, and applied economics.
Q:What is taught in the The Societal and Governmental Environment of Business MBA Economics course structure?
A:The Societal and Governmental Environment of Business course of the MBA Economics is a course that is intended to help explain the decision making business environment. The primary focus of the Societal and Governmental Environment of Business course to study and emphasize on the regulations by the government as a constantly growing and increasing dimension of the greater environment of business decision making.
Q:What can you tell me about MBA in Economics?
A:The MBA in Economics is a sought after graduate program offered in a number of renowned online and campus based schools. The degree can be completed within two years if pursued in the traditional schools. However, the duration may vary if the degree is opted online, executive or the accelerated program. It offers comprehensive knowledge of the theories of economics, the development in economics, its impact on the modern era, and many more areas of study.
Q:I've completed a university MBA Economics, what are my career prospects?
A:After completing an MBA in Economics from an accredited university, you will have a prosperous career lying in wait for you. You can not only work as an economist or financial analyst for a number of large corporations, you can also choose to work privately as an adviser. There are multiple positions also available in the education sector.
Q:What does the MBA with Economics focus on?
A:The MBA in Economics is a professional graduate degree focusing on the theoretical concepts and their application to the real world. The program teaches the students the operations of the economic system with unpredictable external factors affecting the numerous theories taught. The program has a highly theoretical focus, making students great researchers and analysts. Students can also choose to study one specific area of economics in their graduate program.
Q:Is Economics a good MBA specialization area?
A:Indeed. The MBA in Economics degree holders get hired at lucrative job positions with good salary packages. They can be hired as economic analysts, business analysts, development officers, researchers, and can also qualify to work within the boundaries of entrepreneurship. The course curriculum of MBA Economics students is so diverse that it is not difficult for them to fit into any job description.
Q:While going through MBA Focus Economics, I came across the course The Theory Behind Game Theory. What is Game Theory?
A:The Theory Behind Game Theory is an important part of MBA Focus Economics. Game Theory refers to mathematically analyzing of circumstances that are calculated. Mostly in the incidents when a person's success depends upon the second person. The Theory Behind Game Theory course introduces the individual with Nash equilibrium and sequential moves.
Q:My search about MBA program focus on economics mentioned AACSB. What is purpose of this organization?
A:AACSB stands for Association of Advanced Collegiate Schools of Business. This organization ensures the advancement of quality business management education through accreditations. It is one of the most prestigious accrediting organizations in the world. Prospective students are advised to make sure the institutions they are enrolling in are accredited by the AASCB.
Q:As I read on the MBA Economics relation, there was mention of the course on Business Law. What are the contents of this course?
A:It is common to get to read about the course on Business Law while going through the articles on MBA Economics relation. This course is worth 4 credits in total and stresses heavily on the examination of the legal system and also the environment of legal businesses these days. Students get to study the instruments of negotiation and modifications.
Q:As i read on the job opportunities after MBA in Economics, there was mention of the course on Business Law. Can you please tell me what are the contents of this course?
A:It is usual to see the mention of the course on MBA in Economics while going through the articles on job opportunities after MBA in Economics. This course is worth 4 credits in total and features ample understanding of the in0-depth view to the impact that the government policy and legislature may have on business activities and the business environment.
Q:Can you please tell me what are the contents of the Business Ethics course of the MBA Economics programs?
A:The MBA Economics programs in the United States have a dedicated course on Business Ethics. This course is worth 5 credits in total and highlights on the ethical examination and comprehensive understanding of the values in a business setup. The course also stresses on making the students get ample understanding of the corporate ethics setup.
Q:What core courses are covered in economic MBA programs?
A:Economic MBA programs include core courses that are absolutely essential for this program. Some of the core courses are Legal and Global Environment of Business, Marketing, Corporate Finance, Organizational Behavior, Quantitative Methods and Managerial Economics. These courses are just an overview, it is important to note that these courses might vary with institutions. Students can compare these courses covered on our website.
Q:Reading about online MBA economic focus mentioned a course in Business Environment. What is included in this course?
A:Business Environment would be mentioned when reading about online MBA economic focus. This course is worth 4 credits. Students in this course get a chance to examine the external environment that affects businesses. The external environmental factors may include cultural, political, and macro economical. These external factors are analyzed and critical threats and opportunities are identified in this course. Prospective students are advised to search our website for a list of institutions offering this course.
Q:How long will it take to complete an online MBA economics program?
A:The regular time needed to complete an MBA in economics program is two years. This program aims at providing students with in-depth knowledge of business management and economics. There are also a number of accelerated MBA programs available. These take less than the regular time and can be completed in a year.
Q:Can you tell me how economics MBA helps in career?
A:Economics MBA allows students to develop various skills needed for general management, with a particular focus on the field of economics. It has a high demand in sectors like energy, retail and technology. According to BLS, more than 90% professionals with a background in economics earn a salary of $48,250 per year. The top ten percent with a master's degree in economics, such as an MBA have an annual salary of above $155,490.
Q:What can you do with an MBA in economics?
A:MBA in Economics enables students to acquire knowledge related to finance and money matters of organizations and economies. With MBA in Economics you can work in both public and private sector. The degree has broad job prospects as organizations normally need an economist or a financial advisor. You can find jobs in diverse work settings such as banks, retail, insurance, finance sectors, manufacturing and entertainment sectors.
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