Updated on Nov 20, 2023 12:23 IST
Parul Thapa

Parul ThapaSenior Executive Content

Business Economics courses compile subjects related to Finance and Economy, including Business Analysis, Business Statistics, Financial Accounting, Microeconomics, Business Environment, Macroeconomics, and International Business. Students of Business Economics courses are taught the application of economic theory as well as analysis of the decision-making of businesses. 

Management stream counts as an umbrella to the Business Economics course. As part of a Business Economics course, aspirants study subjects such as Business Analysis, Financial Accounting, Business Statistics, Microeconomics, Business Environment, Macroeconomics, and International Business. 

To be eligible for the Business Economics course, candidates must have completed their Class 12 from a recognised board with at least 50 per cent aggregate marks for General category students and 45 per cent aggregate marks for SC/ST candidates. The average Business Economics course fee ranges between INR 2,400 and INR 18.31 Lakh. Once graduated, candidates can go for job profiles such as Business Analyst, Market Research Analyst, Management Consultant, Business Development Manager, Policy Analyst, etc. 

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Table of Contents
  1. Business Economics Courses: Highlights
  2. All About Business Economics Courses
  3. Business Economics Courses Eligibility Criteria
  4. Business Economics Courses: Entrance Exams
  5. Business Economics Syllabus
  6. Top Colleges for Business Economics Courses
    • 6.1 Top Government Colleges for Business Economics Courses
    • 6.2 Top Private Colleges for Business Economics Courses
  7. Business Economics Career Scope: Job Profiles, Salary and Top Recruiters
    • 7.1 Business Economics Average Salary in India
    • 7.2 Business Economics Top Recruiters
  8. Business Economics Courses FAQs

Business Economics Courses: Highlights

Business Economics courses typically cover a range of subjects that blend economic theory with business practices. Candidates can check the table below to know the key highlights of the Business Economics courses.

Particulars

Details

Course Level

UG and PG

Course Fee

INR 2,400 - INR 18.31 Lakh

Course Duration

2 - 3 years

Admission Criteria

Merit-Based/Entrance-Based

Entrance Exams

CAT, CUET, XAT, etc.

Popular Colleges

IIM Raipur, Management Development Institute, Amity University, etc.

Job Profiles

Business Analyst, Market Research Analyst, Management Consultant, Business Development Manager, Policy Analyst, etc. 

Average Salary

INR 5.5 LPA - INR 28.8 LPA

Top Recruiters

Asian Paints, Aviva Life Insurance, Airtel Ltd., HCL Infosystems Ltd, Indian Oil tanking, ITC Ltd, etc.

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All About Business Economics Courses

Business Economics courses are designed to provide students with a comprehensive understanding of how economic principles apply to various aspects of business decision-making, strategy, and policy formulation. 

Studying Business Economics offers several compelling reasons and benefits:

  • Versatility: It provides a versatile skill set applicable across various industries, including finance, consulting, government, and corporate sectors.
  • Understanding Business Dynamics: Business Economics courses delve into the economic factors influencing business decisions. 
  • Analytical Skills: The courses emphasize quantitative analysis, statistical techniques, and critical thinking, fostering strong analytical skills essential for interpreting complex economic data and making informed business decisions.
  • Career Opportunities: Graduates can pursue various roles, including financial analyst, market researcher, consultant, and economist, or pursue further studies in specialized fields such as Finance, Economics, or Business Administration.

Business Economics Courses Eligibility Criteria

In India, the eligibility criteria for Business Economics courses, both at the undergraduate and postgraduate levels, can vary between institutions. However, here is a general outline of eligibility criteria commonly observed for Business Economics courses:

Course Level

Eligibility Criteria

UG

Class 12 with at least 50 per cent aggregate marks for General category students and 45 per cent aggregate marks for SC/ST candidates. 

PG

Bachelor’s degree in any discipline with at least 50 per cent marks in aggregate or possess at least 45 per cent marks in the subject of Economics

Business Economics Courses: Entrance Exams

In India, various entrance exams are utilized for admission into Business Economics courses at different levels. Here are some prominent entrance exams for Business Economics courses in India:

Entrance Exams

Exam Dates

Exam Schedule

CAT

26 Nov '23

CAT Schedule

CUET

15 May '24 - 31 May '24

CUET Schedule

XAT

7 Jan '24

XAT Schedule

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Business Economics Syllabus

The syllabus for Business Economics can differ based on the level of study (undergraduate or postgraduate) and the institution offering the course. However, here's a generalized outline of topics often covered in Business Economics programs:

Semester 1

Micro Economic Analysis

Business Accounting

Marketing Management  

Computer Application

Semester 2

Macroeconomic Analysis & Policy 

Public Finance and Taxation

International Economics

Indian Financial Systems

Semester 3

Business, Government & Society 

Management Information System

Operations Research

International Financial System

Semester 4

Contemporary Indian economy  

Business Policy and Strategic Management

Business Ethics and Stress Management

Time Series Analysis and Business Forecasting (Elective)

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Top Colleges for Business Economics Courses

Several universities and colleges worldwide offer excellent programs in Business Economics. Here are some renowned institutions, government and private, known for their Business Economics courses.

Top Government Colleges for Business Economics Courses

In India, several government colleges and universities offer reputable Business Economics courses. Here are some of the top government institutions known for their programs in Business Economics:

College Name

Total Fees (in INR)

IIM Raipur 

8 Lakh - 10.25 Lakh

IIM Nagpur

18.9 Lakh

IIM Sirmaur

6 Lakh

VGSOM IIT Kharagpur 

9 Lakh

DAVV

1.04 Lakh

Sri Guru Gobind Singh College of Commerce, University of Delhi

1.47 Lakh

Guru Nanak Dev University

93,310

Himachal Pradesh University

2,400

School of Open Learning, University of Delhi

20,000

Top Private Colleges for Business Economics Courses

In India, several private colleges offer reputable Business Economics courses. Here are some top private institutions known for their programs in Business Economics:

College Name

Total Fees (in INR)

Management Development Institute

8.68 Lakh

Amity University, Noida

2.64 Lakh - 7.4 Lakh

LPU 

4.8 Lakh - 7.2 Lakh

GIM 

18.31 Lakh

FORE School of Management

18.27 Lakh

International Management Institute

9.8 Lakh

Jagan Institute of Management Studies Technical Campus

3 Lakh

IMT Nagpur

13.77 Lakh

MIT-WPU

12 Lakh

Business Economics Career Scope: Job Profiles, Salary and Top Recruiters

The field of Business Economics offers a wide range of career opportunities across various sectors due to its focus on merging economic principles with business applications.

Graduates of the Business Economics course possess a versatile skill set that combines economic analysis with business acumen, making them valuable assets across industries. The Business Economics career scope often extends beyond traditional roles, allowing flexibility and adaptation to evolving economic landscapes and business environments. 

Continuous learning, staying updated with economic trends, and acquiring additional skills in data analysis or technology can further enhance career prospects in Business Economics.

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Business Economics Average Salary in India

After completing a UG course in Business Economics, aspirants can either join a PG-level course in the same field or they can even opt to pursue a job in a related field. 

Some popular job profiles that candidates can pursue after completing their Business Economics course are listed below:

Job Profiles

Job Responsibilities

Average Salary (in INR)

Financial Analyst

Analyzing financial data, preparing reports, and providing insights for investment decisions.

6 LPA

Market Research Analyst

Studying market trends, conducting surveys, and analyzing data to help businesses understand consumer preferences and make informed decisions.

5.5 LPA

Management Consultant

Advising companies on improving efficiency, solving problems, and implementing strategic plans.

28.8 LPA

Business Development Manager

Identifying opportunities for growth, building relationships with clients, and expanding a company's market presence.

9 LPA

Policy Analyst

Working in government or think tanks to analyze economic policies, evaluate their impact, and propose recommendations.

10.3 LPA

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Business Economics Top Recruiters

In India, several industries seek professionals with expertise in Business Economics due to their ability to apply economic principles to business strategies. 

Some of the top recruiters across various sectors for Business Economics graduates include:

Top Recruiters

Bira

GreyCells

Inventrom

Bank of America

LAVA

Evalueserve

Capillary

Arcesium

KenResearch

ANZ

HSBC

Sun Pharma

Nielson

ICICI Bank

Axtria

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Business Economics Courses FAQs

Q. What is the study of economics in business?

A. The study of economics in business encompasses various aspects related to the allocation of resources, decision-making, and understanding the dynamics of markets within the context of business operations. Economics in Business Management involves analyzing how businesses make choices regarding the production, pricing, distribution, and consumption of goods and services.

The study of economics within the business context provides valuable insights for businesses to optimize their operations, manage resources efficiently, understand market behaviour, and make strategic decisions to achieve their goals.

Q. Which is better BBA or Business Economics?

A. The key differences lie in their depth of focus and the specific skills and knowledge they impart. BBA programs provide a broader education covering various facets of business, whereas a degree in Business Economics hones in on the economic aspects relevant to business operations, strategy, and decision-making.

Candidates can check the table below to see the comparison between the two.

Particulars

Business Economics

BBA 

Course Level

UG and PG

UG

Course Fee

INR 2,400 - INR 18.31 Lakh

INR 50,000 to INR 6 Lakh and above

Course Duration

2 - 3 years

3 years

Admission Criteria

Merit-Based/Entrance-Based

Merit-Based/Entrance-Based

Entrance Exams

CAT, CUET, XAT, etc.

NMIMS NPAT, SET, CUET, AIMA UGAT, IPM Aptitude Test, IPMAT, IPU CET 

Popular Colleges

IIM Raipur, Management Development Institute, Amity University, etc.

Manipal University, Chandigarh University, IIM Indore, Loyola College, etc.

Job Profiles

Business Analyst, Market Research Analyst, Management Consultant, Business Development Manager, Policy Analyst, etc. 

HR Executive, Marketing Executive, Marketing Manager, Sales Executive, Research and Development Manager, etc.

Average Salary

INR 5.5 LPA - INR 28.8 LPA

INR 3 LPA - INR 10 LPA

Top Recruiters

Asian Paints, Aviva Life Insurance, Airtel Ltd., HCL Infosystems Ltd, Indian Oil tanking, ITC Ltd, etc.

Tata Consultancy Services (TCS), Hindustan Unilever, International Business Machines (IBM) Corp, Ernst & Young (EY), etc.

Q. What is the scope of Business Economics?

A. The scope of Business Economics is diverse and offers opportunities across various sectors due to its focus on applying economic principles to business decision-making.

The scope of Business Economics is continuously evolving, offering opportunities in diverse sectors where a deep understanding of economics and its application to business decisions is valued. It provides a strong foundation for roles requiring analytical skills, strategic thinking, and a comprehensive understanding of economic factors influencing business environments.

Q. What is the difference between Economics and Business Economics?

A. Economics and Business Economics share a foundation in economic principles, but they differ in their focus, scope, and application.

Economics is a broader field that studies the production, distribution, and consumption of goods and services in society. 

Business Economics is a specialized branch of economics that applies economic theories and principles specifically within the context of business decision-making. 

Economics has a broader focus, studying the entire economy at different levels (individuals, firms, markets, nations), while Business Economics zooms in on the economic aspects relevant to businesses, analyzing how economic theories apply within the business context.

Q. Who is eligible for an MA in Business Economics?

A. For admission to an MA in Business Economics course, a bachelor's degree or its equivalent in a related field such as Economics, Business Administration, Finance, or a quantitative discipline is typically required. 

Some universities might require standardized test scores such as XAT, CAT, and CMAT.

Popular Business Economics Colleges in India

Following are the most popular Business Economics Colleges in India. Learn more about these Business Economics colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
8.68 L
8 L - 10.75 L
3.0
2.88 L - 8.16 L
4.5 - 5.5 LPA

Business Economics Applications open. Apply Now

1 Course
18.31 L
14.7 LPA
Ranked Consistently Among Top 15 Pvt B-Schools
4.8 L - 7.2 L
3.75 LPA

Business Economics Applications open. Apply Now

Popular Private Business Economics Colleges in India

3.78 L
3.5 LPA

Business Economics Applications open. Apply Now

4.8 L - 7.2 L
3.75 LPA

Business Economics Applications open. Apply Now

2.88 L - 8.16 L
4.5 - 5.5 LPA

Business Economics Applications open. Apply Now

1 Course
1.2 L
5.0

Business Economics Applications open. Apply Now

8 L - 10.75 L
3.0

Popular Business Economics UG Courses in India

Following are the most popular Business Economics UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Business Economics PG Courses in India

Following are the most popular Business Economics PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

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Answered 6 days ago

{Source: BBA students & alumni}

Based on the reviews provided, here is how the quality of teaching is perceived by the students at St. Xavier's College of Management and Technology for the Bachelor in Business Economics program:

1. All the faculty members are described as "very helpful," "highly qual

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Mehvesh Ibrahim

Beginner-Level 2

Answered a week ago

{Source: B.A. students & alumni}

Based on the reviews provided, here is how the quality of teaching is perceived by the students at Aryabhatta College for the B.A. (Hons.) in Business Economics program:

1. Excellent teaching faculty: All the reviewers agree that the faculty at Aryabhatta College is e

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Mehvesh Ibrahim

Beginner-Level 2

Answered a week ago

{Source: B.A. students & alumni}

Here are the bullet points summarizing the quality of teaching for B.A. (Hons.) in Business Economics at Sri Guru Tegh Bahadur Khalsa College based on the review text:

* Mixed opinions on the helpfulness of faculty members, some finding them not that helpful while ot

...more

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Mehvesh Ibrahim

Beginner-Level 2

Answered a week ago

{Source: MBA students & alumni}

Based on the five reviews provided, the quality of teaching at the Department of Finance and Business Economics, University of Delhi is highly commendable. The reviewers have consistently praised the faculty members for their expertise, knowledge and teaching skills.

T

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M

Mehvesh Ibrahim

Beginner-Level 2

Answered a week ago

{Source: BBA students & alumni}

Based on the information provided in the reviews, here are the companies that visit St. Xavier's College of Management and Technology for placements in the Bachelor in Business Economics program:

1. Vivo
2. Oppo
3. Redmi
4. Asus
5. Samsung
6. DishTV
7. Coca-Cola

These compan

...more

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Shiksha AI Counsellor

Beginner-Level 1

Answered a week ago

{Source: MBA students & alumni}

Based on the reviews provided, the following companies visit the Department of Finance and Business Economics, University of Delhi for placements:

1. Accenture
2. Reliance
3. Tata
4. Ralco Tyres
5. Hero MotorCorp
6. Hyundai
7. Maruti Suzuki
8. De Shaw
9. Arcesium
10. Credit Sui

...more

S

Shiksha AI Counsellor

Beginner-Level 1

Answered a week ago

{Source: B.A. students & alumni}

Based on the review, the following companies visit Aryabhatta College for placements related to the B.A. (Hons.) in Business Economics course:

1. Chegg
2. Intellipat
3. Lenskart
4. Wipro
5. Byju's
6. Deloitte
7. HSBC
8. Aditya Birla
9. Oyo
10. Zomato
11. Swiggy
12. KPMG
13. McKin

...more

S

Shiksha AI Counsellor

Beginner-Level 1

Answered a month ago

The ideal students for this major forPlaksha University admissions should have a strong interest in math, data and programming, along with excitement to apply these in the context of business, economy and society. Having studied mathematics in Classes 11 and 12 is an eligibility requirement. It is i

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Rajshree Singh

Contributor-Level 9

Answered a month ago

{Source: MBA students & alumni}

Based on the reviews provided, it appears that the placements at the Department of Finance and Business Economics, University of Delhi are generally strong, with a high percentage of students getting placed through campus recruitment drives. According to Review 1, aro

...more

M

Mehvesh Ibrahim

Beginner-Level 2

Answered a month ago

{Source: BBA students & alumni}

Based on the reviews provided, here are the placement details of St. Xavier's College of Management and Technology for the Bachelor in Business Economics program:

1. Placements:
        * According to Abhishek% of students were placed in the course with the highest pack

...more

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Mehvesh Ibrahim

Beginner-Level 2

Answered a month ago

{Source: B.A. students & alumni}

Here's the information you requested in one level bullet points:

* Placements of Sri Guru Tegh Bahadur Khalsa College's B.A. (Hons.) in Business Economics programme vary depending on the review, but here are some common themes:
        • According to Anonymous, approx

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Mehvesh Ibrahim

Beginner-Level 2

Answered a month ago

{Source: B.A. students & alumni}

Here's the answer to your question based on the five reviews provided:

1. According to Anshul, the placements at Aryabhatta College are not very high, with only 20% of students getting placed. The top recruiting companies were Chegg, Intellipat, Lenskart and Wipro, o

...more

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Mehvesh Ibrahim

Beginner-Level 2

Answered 2 months ago

Below are the core courses of MBA Business Economics at MDU Rohtak:

  • Financial Management
  • Marketing Management
  • Human Resource Management
  • Business Research Methods
  • Computer Networks and Internet
  • Operations Research
  • Strategic Management
  • Management Information Systems

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Nishtha Shukla

Contributor-Level 10