Business & Economics Majors
Is the Business and Economics department right for Me?
Have you always been interested in business, management, entrepreneurship, and the economics of starting, running, and expanding a business? Do you enjoy economics and the macro and microeconomic theories that underpin business and finance exchanges and transactions? If this is the case, a major in Business Economics can be an excellent stepping stone to a range of occupations and professional routes. Majoring in Business Economics will expose you to critical themes in current global business, place you at the confluence of business management and economic theory, and provide you with the analytical tools to confront important challenges faced by today’s business leaders.
Skills gained through a Business and Economics Degree
A background in Business Economics guarantees that you develop the skills and mindset to deal with a wide range of professional issues. A Business Economics degree can help you develop the following skills:
Core Competencies
- Understanding of modern business management approaches as well as successful and realistic business strategies
- Thorough understanding of economic theory and its application to business analysis
- Exposure to related subjects such as finance and contemporary business principles
- Strong analytical abilities, familiarity with statistical methodologies employed in today's business environment, and the ability to apply them to real-world problems are required.
Communication, data collection, and organizational abilities
- Deduction of information from multiple sources and capacity to focus on relevant resources
- The ability to organize, comprehend, and analyze information sources, as well as apply newer types of technology or new knowledge to various professional settings and duties.
- The ability to critically examine situations, think creatively, and make solid decisions while considering opposing viewpoints. The ability to clearly convey difficult ideas to others and relate complicated theoretical concepts to everyday practice and professional quandaries.
- The ability to gather multiple sorts of information, analyse it, analyze and include potential links from diverse fields, write it down, and effectively transmit your message and the aim of your work.
Management and Teamwork
- The ability to interpret and analyze information presented by peers and efficiently and constructively support or challenge their proposals, theories, ideas and reports in order to achieve a project’s intended and successful end result
- The capacity to lead and interact with a variety of people with different approaches and personal and professional backgrounds
- Skills enabling you to work effectively in group situations, partaking in decision-making, leading and contributing in various capacities to the ultimate success of the team and task
- The capability to identify priorities and proper courses of action, to plan the execution of tasks and to determine and delegate responsibilities to group members to most effectively carry out projects
Career Options in Business and Economics
A sample list of potential future carrier options in Business and Economics
- Accountant
- Banker
- Blogger
- Brand Strategist
- Business Ethics Consultant
- Business Media Correspondent
- Business Planner
- Commodity Trader
- Corporate consultant
- Corporate Manager
- Venture Capitalist
- Economist
- Author
- Entrepreneur
- Government Worker
- Executive Assistant
- Financial Advisor
- Financial Analyst
- Fund Manager
- Industry Analyst
- Lawyer
- Logistics Specialist
- Trader
- Magazine Contributor
- Marketing Director
- Market Researcher
- Political Advisor
- Portfolio Manager
- Project Manager
- Public Policy Analyst
- Public Relations Representative
- Retail Strategist
- Risk Analyst
- Stock Analyst