Masters in Business Economics

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Master Degree Programmes in Business Economics

Master degree programmes in Business Economics prepare individuals for careers within the realms of business and economics. The interdisciplinary skills that are developed can also be applied in other industries. This provides graduates with a great number of opportunities upon completing the programme.

What is a Master of Business Economics?

A Master’s in Business Economics focuses in on the principals of both business and economics. This programme is able to take such a strong focus because it builds upon previous knowledge. Most individuals pursue a Bachelor’s, though some institutions will accept individuals with extensive career experience. After completing the programme graduates are ready to function as professional economists within various business environments. In preparation, students study some key subjects, including:

  • Macroeconomic theory
  • Microeconomic theory
  • Statistical and analytical techniques
  • Problem solving
  • Quantitative theory and tools
  • Communications

Along with studying the mentioned concepts, some institutions also provide concentrations. This allows students to take a deeper look at specific concepts within the realm of business economics. Certain institutions may also provide individuals with the opportunity to complete internships.

What Are the Benefits of Earning a Master of Business Economics?

A Master’s in Business Economics provides individuals with several different benefits, including the development of strong cross-functional skills. Such skills can be applied in various positions and expand the job market that individuals have to choose from. Those interested in transitioning to different industries or careers may find it easier to do so with this education as well.

There are some general advantages to securing a Master’s that can enhance these degree-specific benefits.

  • Pay. Studies show that on average individuals with a graduate level education receive higher pay than those with undergraduate level degrees or less.
  • Advancement. For those who plan to pursue Doctoral degrees or obtain certain management or executive level positions, having a Master’s degree could be essential.
  • Overall satisfaction. Individuals with Master’s level degrees are able to secure positions that require specialised knowledge. These positions may allow those workers to utilise quite a bit, if not all of skill set. These factors, combined with the higher level of pay, can culminate with individuals experiencing a high level of satisfaction with their jobs.

These are some of the main benefits of getting this degree. Obtaining jobs in certain industries and companies can present additional perks.

What Kind of Career Can You Expect With a Master of Business Economics?

There are several different opportunities available for individuals who obtain a Master’s in Business Economics. Some of the common career choices that graduates choose include:

  • Financial Manager
  • Financial Analyst
  • Economist
  • Policy Analyst
  • And more

As you can see, many of the possible career options do not state “economics” in the title. However,  those positions still utilise the skills that are hone through economic study, such as research and analysis, risk management, finance and economics itself. These aspects can be found in different fields, such as:

  • Marketing
  • Sales
  • Communications
  • And more

There are other paths that individuals may consider as well. For example, those with a love for education may choose to become teachers, professors or administrators. Graduates with business savvy and entrepreneurial spirits could decide to open their own businesses or consulting firms.

Considering the multi-disciplinary aspects of this degree, the opportunities for those who choose to pursue a Master of Business Economics are virtually endless.

University of East Anglia

Norwich, United Kingdom

  • 160SchoolApply Rank
  • USD 20,084Average Tuition
  • 0Acceptance Rate

University of East Anglia, established in 1963, is a modern research-intensive University located in Norwich in England, UK. The University offers a number of master's degree programs through its four faculties of Arts & Humanities, Medicine & Health Sciences, Science and Social Sciences....

Illinois State University

Normal, United States

  • 192SchoolApply Rank
  • USD 33,465Average Tuition
  • 74%Acceptance Rate

Illinois State University is the first publicly-funded higher education institution in Bloomington-Normal, Illinois. It offers undergraduate majors and graduate degree programs in a wide variety of concentrations including applied science and technology, arts and sciences, business, education, fine arts, and nursing. Illinois State University is accredited by the Higher Learning Commission....

City, University of London

London, United Kingdom

  • 243SchoolApply Rank
  • USD 25,423Average Tuition
  • 0Acceptance Rate

City, University of London (City) is one of 18 reputed, independent member institutions of the University of London, and has a strong focus on research, business and the professions. City offers a wide range of master’s programs through its four campuses — three including Northampton Square, Bunhill Row and Grays Inn in London, UK, and one at Dubai International Financial Center in Dubai, UAE....

Colorado State University

Fort Collins, United States

  • 250SchoolApply Rank
  • USD 27,600Average Tuition
  • 78%Acceptance Rate

Colorado State University (CSU) is a public research university located in Fort Collins, Colorado. The university faculties through which it delivers master’s degree programs in the fields of teaching extension, conservation leadership, arts leadership and cultural management, accountancy, addiction counseling, agricultural sciences, data science specialization, statistical science specialization, anthropology, communication studies, economics, English Language, history, languages, literatures, and cultures, philosophy, political science, sociology and many more. ...

University of Essex

Colchester, United Kingdom

  • 255SchoolApply Rank
  • USD 21,991Average Tuition
  • 0Acceptance Rate

The University of Essex is a public research university with the main campus in Colchester, Essex, England and two other campuses spread across Southend and Loughton. The university offers a wide range of master's degree programs....

Eastern Michigan University

Ypsilanti, United States

  • 279SchoolApply Rank
  • USD 24,000Average Tuition
  • 73%Acceptance Rate

Eastern Michigan University (EMU) is a learning and research institute in Ypsilanti, Michigan, USA. Students can choose from over 150 master’s degree programs at EMU. ...

Swansea University

Swansea, United Kingdom

  • 313SchoolApply Rank
  • USD 21,609Average Tuition
  • 0Acceptance Rate

Swansea University (Swansea) is a public university with campuses located across Swansea, Wales, UK. Swansea offers a wide range of master's degree programs through its seven academic colleges including: Science; Arts and Humanities; Engineering; and Human and Health Sciences....

University College Cork

Cork, Ireland

  • 331SchoolApply Rank
  • USD 19,097Average Tuition
  • 13%Acceptance Rate

University College Cork, established in 1849, is a research-led University located in Cork, Ireland. The University offers a number of master's degree programs in disciplines such as Law, Music, Occupational Health and Linguistics. ...

De Montfort University

Leicester, United Kingdom

  • 410SchoolApply Rank
  • USD 15,508Average Tuition
  • 0Acceptance Rate

De Montfort University (DMU) is a public research university that is located in Leicester, England. DMU offers bachelor's and master's degree programs through four faculties which are the Faculty of Art, Design and Humanities, Faculty of Business and Law, Faculty of Health and Life Sciences, and Faculty of Technology....

Manchester Metropolitan University

Manchester, United Kingdom

  • 511SchoolApply Rank
  • USD 20,338Average Tuition
  • 0Acceptance Rate

Manchester Metropolitan University (MMU), is a public university located in Manchester, UK. MMU offers master's degree courses in a wide range of faculties including the Faculty of Arts and Humanities, Faculty of Business and Law and Faculty of Education....

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