Are you considering pursuing your MBA in economics? This is a great educational path for you to follow! Keep reading so that you can learn everything you will need to know about what an MBA in economics can do for you in a professional capacity. Keep in mind, as you begin researching this degree program it is also possible to obtain a master's degree in economics. The requirements that will be needed for a master's degree in economics differ from what is required for an MBA in economics. When you choose a college or university that you plan to attend, you will want to be sure that they offer an MBA program, and not just a master's degree program. Of course, you cannot begin working on your MBA in economics until you have completed your undergraduate degree program course work. Generally speaking, you will also need to submit a copy of the scores you earn on the GMAT (Graduate Management Admission Test) to the school you plan to attend.
As you begin working on your MBA in economics, you will be learning valuable content related to economics, as well as business management. This two year degree program will prepare you to enter the work force in the world of economics, in business management, or in a capacity that combines the two professions. This degree program is ideal for students who wish to have a career as a supervisor or manager of a large company. It is important to note that many colleges or universities require prospective MBA students to have some work experience relative to the field of study.
The course work that is required by this MBA degree program will teach students about current business practices, current business theories, how to operate in a global marketplace, proper ethical procedures, how to communicate with colleagues, and how to work within a team. Many colleges and universities teach the concepts and skills in this degree program in correlation with students' career experiences. This allows students to truly learn skills that are applicable and valuable in the real world.
While the course work will vary some from one school to another, you can expect to complete classes of a foundational nature, core classes, electives, and a culminating experience just prior to graduation. Furthermore, many schools will require you to earn a passing score on comprehensive exams relative to your course work prior to graduation. It is important to realize that some colleges will allow students to choose between taking the comprehensive exam or by completing an extensive project in the field of their degree program. However, some colleges do not allow a choice, and only require one or the other of their prospective graduates. Please note, if you plan to further your level of educational degree beyond an MBA, then you will likely want to complete a thesis as opposed to comprehensive exams or a project. This is due to the fact that the thesis will serve as a basis for the beginning of your next degree program.
Some of the foundation courses you will be required to take are survey of economics, law in a business environment, financial accounting, and statistical models for managers. The core course work will consist of classes like: financial theory and policy, analysis of contemporary organizations, marketing management, behavior organizations, and economics of strategy, among others. You will need to take a minimum of nine hours of elective courses in the area of economics. For instance, you could focus on international business courses, information systems, marketing, finance, management, or economics as it relates to the entertainment industry.