Business and economics are closely interrelated and influence each other in various ways. Studying economics and business administration can lead to a lucrative career across various industries. The changing dynamics of the business landscape require professionals to be well-versed inall aspects of business administration as well as economics. Therefore, educational institutions have introduced a professional degree combining the two most crucial facets of the business.
The Bachelor’s programme in Economics and Business Administration offers a structured curriculum allowing students to build knowledge of essential business concepts and compulsory topics relevant to the global business environment. These include economics, accounting, information systems, business law, human resources, and marketing.
This three-year degree programme allows students to study alongside peers from diverse backgrounds and with a range of skills. This will provide them with a comprehensive knowledge base of the subject matter, introducing them to practical skills, research techniques, and modes of thinking that were previously inaccessible. Here are the topics that are progressively covered over a duration of three-year:
- Introduction to Business Administration
- Information Management
- Business Management
- Introduction to Law
- Organisational Dynamics and Behaviour
- Statistics and Business Statistics
- International Contract Law
- Banking and Finance
- Financial Accounting
- Management Accounting
- Public Economics
- Financial Mathematics
- Industrial Organisation
- Business Law
These correlated topics help students build a wide range of skills to prepare them for the business world. Pursuing a degree that integrates the study of business and economics can help students learn about the importance of economics in business. Moreover, students can explore lucrative career opportunities across the finance, accounting, and banking sectors after completing the undergraduate degree programme.
A well-designed business administration and undergraduate economics programme prepare graduates for various job roles that help advance the profession. Here are some of the most prominent job roles that can pave your way to top management:
- Data scientist:Data scientists are highly qualified professionals who typically develop machine-learning-based tools within a company to perform statistical analysis and help create recommendation engines and automated lead-scoring systems.
- Actuary Analyst: If you have graduated in economics, you can pursue a career as an actuarial analyst within the insurance sector. In this role, your primary responsibility would be to analyse data using statistical models and calculate costs associated with various events, such as product failures or property damage. Actuarial analysts apply their expertise in economics and analytical skills to design insurance policies.
- InvestmentAnalyst: The primary responsibility of investment analysts is to offer financial advice and information to stockbrokers, traders in the stock market, and fund managers.
- Project Manager: The job of a project manager involves organising, planning, directing, and coordinating business projects. Their primary responsibility is to ensure that all projects are completed within the set deadline, budget and aligned with company goals. Additionally, they oversee team members, schedule meetings, troubleshoot issues, and track small goals and milestones that lead to achieving the more significant project goal.
- Business Consultant: The main role of a business consultant is to plan and carry out various administrative tasks for their clients. They use research and interviews to collect information about the client’s business and analyse its strengths and weaknesses. After identifying the issues, the business consultant discusses the findings with the client and presents possible ideas and solutions to address the problems identified during the assessment.
Apart from these, some other notable job roles include Compensation and Benefits Manager, Human Resources Manager, Logistics Manager, etc. Overall, opting for an economics and business administration programme can help advance professional careers in business. Apply for the programme now!