The Advantages To Earning A Business Economics Degree
Earning a business economics degree offers students a valuable and versatile educational basis necessary for success within a variety of careers. Business economics programs offer students a broad understanding of economic systems, social sciences, finance, business, management, and the fundamental operations within organizations. Students within busines economics degree programs gain a solid understanding of the operations and management of most firms and industries as well as specialized training in the complexities regarding the production, distribution, and consumption of services and goods within industries, companies, households, and global markets.
Most colleges and universities have extended education beyond traditional, on campus locations by developing innovative online degree programs. Online programs offer students, particularly those who manage work or family obligations in addition to educational responsibilities, virtually the same educational experiences as their on-campus counterparts. Online courses also allow students additional benefits, like an added degree of flexibility in course scheduling and 24 hour access to course instruction and materials. Online classes usually feature smaller class sizes, with groups of 25 students or less, who gain a more personalized degree and increased access to instructors and other students through one on one Internet chats. Many students find pursuing an online education is one of the most affordable and convenient means of propelling personal, educational, and professional goals.
What Students Learn Within Business Economics Degree Programs
Business economics degree programs offer students valuable skills regarding economic principles, problem solving techniques, a sound knowledge in many aspects of business management and organization, and specialized training regarding market structure, finance, budgeting, and international economies. Most professionals who work in the field of business economics are required to complete a master’s or doctoral degree to gain employment. Many students begin studies within an associate degree program to gain an introduction to the field. Courses within an associate degree program include: principles of macroeconomics; principles of microeconomics; political economy; the emerging world economy; introduction to economic geography; world regional geography; elementary statistics; calculus; Western civilization: the Ancient world; Western civilization: the fall of Rome-enlightenment; Western civilization: 19th/20th Centuries; U.S. history to 1877; introduction to Middle Eastern civilization; history of Asia: China/Japan; introduction to political philosophy and political theory; college Algebra; English composition; introduction to psychology; and a clinical experience. Graduates from associate degree programs may advance to entry level employment or continue studies in higher degree programs.
Bachelor degree programs in the field of business economics provide students with an expanded understanding of the field. Courses within a bachelor degree program include: principles of microeconomics; principles of macroeconomics; English composition; introduction to information systems; pre-calculus; introductory calculus for business and social sciences; introduction to psychology; financial accounting; managerial accounting; principles of statistics; Ancient and Medieval cultures; the modern world; American experiences and constitutional change; introduction to biology; marketing principles; management of information systems; intermediate microeconomics; intermediate macroeconomics; money and banking; effective business writing; organizational and interpersonal behavior; legal environment; operations management; principles of managerial finance; oral communication; fundamentals of speech communications; business and professional speaking; argumentation and debate; strategic management and policy; introduction to mathematical economics; introduction to econometrics; economic history of the U.S.; history of economic ideas; international business; introductory physics; humans and the environment; introduction to cultural anthropology; introduction to the philosophy of the arts; survey of art history; and an internship experience. Graduates who complete bachelor degree programs in the field of business economics often advance to employment or continue studies in graduate degree programs.
A master’s degree in business economics provides students with the skills and expertise necessary to function as qualified professionals within the field. Courses at a master’s degree level include: advanced microeconomic theory; advanced macroeconomic theory; advanced corporate finance; investment theory and analysis; empirical research methods; time series analysis; statistics; elementary mathematical economics; econometrics; financial reporting and control; financial management; managing individuals and organizations; economic organizations and labor markets; public control of business; economic development, finance; international trade and finance; labor and organizational behavior; a master’s thesis; and an internship experience. Graduates who complete master’s degree programs may advance to employment or continue studies within doctoral degree programs.
Doctoral degree programs offer students the knowledge, skills, and ability to qualify as experts in the field of business economics. Courses within a doctoral program include: advanced economic analysis: advanced microeconomics; advanced economic analysis: advanced macroeconomics; advanced economic statistics for economists; advanced economic analysis: advanced econometrics; mathematical economics; economic theory preparation and quantitative methods; field preparation; business history seminar; quantitative methods; experimental economics; business cycles; advanced economic analysis: structural models; advanced economic analysis: public economics; international macroeconomics: intermediate probability; statistical decision theory; real analysis; introduction to Lebesgue measure; convex analysis; dissertation research and writing; and a clinical experience. Graduates who complete doctoral degree programs advance to employment as experts.
Prospective Jobs For Graduates With Business Economics Degrees
A business economics degree is a great educational platform for long term career success. Graduates from business economics programs gain a versatile education which can be applied in both professional and personal settings. Professionals who complete studies in the discipline of business economics advance to a wide range of employment options based upon education level, specialization, related work experience, and geographic location. Graduates who complete associate degree programs may gain employment within entry level positions of firms and organizations as sales representatives, administrative assistants, cost estimators, public relations assistants, or community service assistants. Bachelor degree graduates often advance to jobs within private, public, or non profit organizations as administrative assistants, assistant managers, marketing specialists, or research assistants.
Many graduates with bachelor degrees complete additional training and work as teachers within high schools or vocational schools. Graduates with master’s degrees often work as financial analysts, market research analysts, public policy consultants, purchasing managers, econometricians, economists, and budget analysts. Doctoral degree programs qualify graduates to work as experts in many organizations as top economists, lead researchers, or instructors within colleges or universities. Many graduates who continue education and gain adequate funding and experience work as consultants within self owned businesses. As with most occupations, graduates who advance studies within master’s or doctoral degree program, specialize skills by continuing education, and gain work experiences are preferred over graduates with less education, training, and experience.
Salary Range For Business Economics Degree Graduates
Graduates who complete business economics degree programs gain the skills and training necessary to establish long term, lucrative career success. Salaries for business economics degree graduates are based upon several factors like education level, related work experience, area/s of specialty, organization of employment, and often geographic location. The U.S. Bureau of Labor and Statistics reports earnings for graduates employed as economists range from $59,390 to $113,590 annually. Graduates with advanced degrees or those who continue education, specialize skills, and gain experience generally have earnings higher than those with less training and experience. Graduates who complete associate degree programs and gain employment as administrative assistants have salaries ranging from $23,160 to $46,020 annually. Graduates who complete bachelor degrees and work as marketing specialists generally earn $43,840 to $83,430 annually. Master’s degree graduates who gain employment as financial analysts have salaries ranging from $54,930 to $99,100 annually. Doctoral degree graduates who work as professors earn $60,290 to $113,670 annually.
Career Outlook and Advancement Opportunities For Business Economics Degree Graduates
Graduates who complete business economics degrees gain a versatile education necessary for personal and professional success. The U.S. Bureau of Labor and Statistics (BLS) reports growth for economists to increase by 6 percent at a slower than average rate through 2018. Despite slow growth, the demand for graduates with economic backgrounds is expected to rise within alternative fields including business, insurance, and finance organizations. Graduates will find the best employment options within private industries like management, scientific, or technical consulting firms due to changes within global economies, increased competition, and the demand for professionals qualified to analyze and forecast economic trends. Additionally, as experienced economists and other professionals retire or leave the occupation, graduates will find increased employment opportunities.
Graduates who begin entry level employment upon completion of an undergraduate degree program often advance to positions with greater responsibilities and higher earnings uponcontinuing education, specializing training, and gaining work experience. Graduates with master’s or doctoral degrees often begin employment within entry level management positions and advance to upper level administrative or independent research positions. Many graduates may advance to teaching positions or establish independent consulting firms upon gaining relevant training and experience.