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

  • 174SchoolApply Rank
  • USD 19,942Average 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....

University of Essex

Colchester, United Kingdom

  • 279SchoolApply Rank
  • USD 21,835Average 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....

Illinois State University

Normal, United States

  • 327SchoolApply 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....

Oxford Brookes University

Oxford, United Kingdom

  • 328SchoolApply Rank
  • USD 18,516Average Tuition
  • 0Acceptance Rate

Oxford Brookes University (OBU) is a public university in Oxford, England. The university has four faculties through which it delivers master's degree programs in the fields of nursing, education, business & management studies, social work, architecture, hospitality, leisure, recreation & tourism, town & country planning and landscape design, accounting & finance, communication & media studies, mechanical engineering, marketing, and numerous other courses ...

University College Cork

Cork, Ireland

  • 384SchoolApply Rank
  • USD 19,323Average 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. ...

Ulster University

Belfast, United Kingdom

  • 472SchoolApply Rank
  • USD 18,301Average Tuition
  • 0Acceptance Rate

Ulster University (Ulster) is a public university with campuses located across Northern Ireland, UK. Ulster offers a wide range of master's degree programs through its four academic faculties namely: Arts, Humanities and Social Sciences; Computing, Engineering and the Built Environment; Life and Health Sciences; and the Ulster University Business School (UUBS)....

University of Portsmouth

Portsmouth, United Kingdom

  • 474SchoolApply Rank
  • USD 18,806Average Tuition
  • 37%Acceptance Rate

The University of Portsmouth (UOP) is located in Hampshire, United Kingdom. UOP offers over 100 master’s degree programs through its 5 academic faculties, namely: Faculty of Business and Law; Faculty of Creative and Cultural Industries; Faculty of Humanities and Social Sciences; Faculty of Technology; and the Faculty of Science....

Florida International University

Miami, United States

  • 484SchoolApply Rank
  • USD 23,600Average Tuition
  • 50%Acceptance Rate

Florida International University (FIU) is Miami's first and only public research university. Located in South Florida, USA. FIU offers a wide range of master's degree programs....

Manchester Metropolitan University

Manchester, United Kingdom

  • 591SchoolApply Rank
  • USD 20,018Average 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....

Cape Breton University

Sydney, Canada

  • N/ASchoolApply Rank
  • USD 10,445Average Tuition
  • 75%Acceptance Rate

The Cape Breton University is located in Cape Breton Island in Sydney, Nova Scotia, Canada. In Nova Scotia’s second largest city, the University offers a variety of postgraduate degree programs suited for success in the liberal arts, business, science and technology. ...