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Online MBA in Economics
Professionals looking to enhance their commercial careers and get a deeper grasp of economic fundamentals can find a comprehensive and adaptable path with an online MBA in Economics. This curriculum blends in-depth study of quantitative techniques and economic theory with real-world applications in finance, management, and policy-making. The online approach, which is tailored for working people, offers a comprehensive, engaging learning experience while making it convenient to balance studies with personal and professional obligations.
Online MBA in Economics : Overview
A specialized program that provides professionals with enhanced understanding at the crossroads of business management and economics is the online MBA in Economics. This curriculum integrates specialist courses in economic theory, econometrics, and applied economics with basic MBA education in subjects like finance, marketing, operations, and leadership. Because of its flexibility, the online format is perfect for working individuals who need to balance their study with other responsibilities. It offers a comprehensive curriculum covering core business disciplines and in-depth economic analysis, with practical applications through case studies and projects.
Key Highlights of Online MBA in Economics
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PARAMETERS
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DETAILS
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LEVEL OF COURSE
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Post Graduation
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COURSE DURATION
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2 years
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ELIGIBILITY CRITERIA
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Graduation or Diploma. In some cases work experience is needed and in some cases work experience is not needed.
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ADMISSION PROCESS
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Direct/ Merit-based/ Entrance exam-based
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ENTRANCE EXAM
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CAT, XAT, MAT, SNAP, GMAT
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COURSE PEDAGOGY
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Online classes and Learning Management System (LMS)
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FEE RANGE
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5 - 20 Lakhs
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TOP UNIVERSITY
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Symbiosis Center for Distance Learning (SCDL), Amity University Online, Manipal University Jaipur (Online)
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JOB PROFILE
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Business consultant, Market research analyst, Financial Analyst
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AVERAGE SALARY
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10-13 LPA
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Why Choose an Online MBA in Economics?
- Extensive Course: The program provides a strong curriculum that blends specialist economics courses with mandatory MBA coursework. By covering both business management and economic analysis, guarantees a well-rounded education and gives graduates a wide range of skills.
- Real-world Implementation: Case studies, projects, and simulations are just a few examples of the practical components that are frequently included in courses to assist students in applying their theoretical knowledge to actual business challenges. Using a hands-on approach improves learning and gets students ready for real-world problems in the workplace.
- Employment Promotions: Graduates of an online MBA program in Economics are prepared for a range of executive positions in management, policy analysis, finance, and consulting. The curriculum fosters the development of data-driven decision-making and economic strategy abilities, which make graduates of the program desirable candidates for leadership roles.
Who is Eligible to Choose Online MBA in Economics?
- Academic History: To be eligible for most online MBA programs, candidates must have completed a bachelor's degree from an approved university. It can be necessary for the degree to be in a relevant discipline like management, economics, or business. Additionally, certain programs could have a minimum GPA requirement for undergraduate studies.
- Employment Background: Relevant job experience is preferred by many online MBA programs, while it's not necessarily required. This prerequisite varies but often takes into account two to five years of work experience. Admissions committees may see via work experience that candidates have real-world expertise and can add value to class discussions.
- Bachelor's degree: Candidates must be graduates of an accredited college or other university with a bachelor's degree. Although certain schools may favor applicants with a background in business, commerce, economics, or similar disciplines, the degree may be in any discipline.
Duration of Online MBA in Economics
- One-Year MBA Programs:Several online MBA programs in India are structured to be finished in a year, providing a streamlined curriculum that covers key business subjects in a shorter amount of time. These courses are frequently demanding and need students to dedicate their entire time to them. Professionals who wish to swiftly pick up cutting-edge business knowledge and abilities without taking a long vacation from their employment might benefit from them.
- Two-Year MBA Programs: In India, two years is the most typical length for online MBA programs. These courses run in accordance with the regular academic calendar, which usually consists of many trimesters or semesters. They offer a thorough and in-depth examination of several business specialties, enabling students to concentrate or take optional courses to further explore areas of interest. For working individuals who want a more flexible study schedule, two-year MBA programs provide a balanced approach to education.
- Flexible Duration Programs: Students can finish several online MBA programs in India at their own speed within a set amount of time by choosing a program that offers a flexible duration. These programs may include minimum and maximum completion times, allowing students to modify their study plans to accommodate their obligations to their personal and professional lives. Programs with flexible length are perfect for people who need extra time to manage their academics, employment, and other obligations.
Universities that Provide Online MBA Program
- Symbiosis Centre for Distance Learning (SCDL): This online MBA program covers international commerce, economics, and finance with a focus on international business.
- Amity University Online: Amity University provides a variety of topics related to economic theory, policy, and analysis in its online MBA program with an emphasis in Economics.
- Manipal University: Manipal University provides courses in economic analysis, financial markets, and banking operations as part of its online MBA program with a focus on finance and banking.
Topics Covered in Online MBA in Economics
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Semester 1
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Semester 2
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Business Analytics
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International Business
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Managerial Economics
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Organizational Behavior
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Accounting for Managers
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Marketing Management
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Foundation of Management
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Operation Research and Management
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Business Statistics
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Business Research Methodology
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Semester 3
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Semester 4
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Fundamentals of Econometrics
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Data Mining and Data Warehousing
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Mathematical Statistics
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Economics of Business Strategy
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Market Microstructure
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Business Analysis using MS Excel
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Time Series Econometrics
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Applied Multivariate Analysis
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Econometrics
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Programming in Oracle
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Business Analytics
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Feasibility Analysis
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Skills Needed for Online MBA in Economics
- Communication Skills: Writing reports, convincing stakeholders, and presenting economic studies all need effective communication. Both in writing and speaking, students should be able to communicate difficult economic ideas in an understandable and persuasive manner.
- Research Skills: To properly collect, evaluate, and understand economic data, students must possess excellent research skills. They ought to be competent in designing research projects, conducting evaluations of the literature, and deriving insights from empirical data.
- Managerial Skills: Leadership and management skills are prioritized in an MBA program. To lead well in a variety of corporate contexts, students need to hone their strategic planning, organizational behavior, team management, and decision-making abilities.
Recommended Books for Online MBA in Economics
- "Principles of Economics" by N. Gregory Mankiw
- "Managerial Economics & Business Strategy"by Michael R. Baye and Jeff Prince
- "The Startup Owner's Manual: The Step-by-Step Guide for Building a Great Company" by Steve Blank and Bob Dorf
- "Applied Economics: Thinking Beyond Stage One"by Thomas Sowell
- "The Economics Book: Big Ideas Simply Explained" by DK
- "Economic Policy: Theory and Practice" by Agnès Bénassy-Quéré, Benoît Coeuré, Pierre Jacquet, and Jean Pisani-Ferry
Application Procedure For Online MBA In Economics
- Show Up for Entrance Examinations:Common Admission Test (CAT), Management Aptitude Test (MAT), Xavier Aptitude Test (XAT), and other entrance examinations may be required for admission to certain online MBA programs in India.
- Interview: As a component of the selection procedure, some programs may require interviews. If an interview is necessary, get ready by rehearsing your answers to frequently asked interview questions.
- Approval and Registration: Read the terms of acceptance and any deadlines for enrolling deposits and accepting the offer of admission carefully if you get one. Once the registration procedure is complete.
- Orientation and Curriculum Beginning: After enrolling, take part in any orientation sessions offered by the school to become acquainted with the academic regulations, online learning environment, and student resources.
Educational Expenses for an online MBA in Economics
- Highest Level Institutions: For the whole program, fees range from INR 8,00,000 to INR 20,00,000.
- Mid-Level Organizations:For the full program, fees range from INR 3,00,000 to INR 8,00,000.
- Similar Organizations:For the full program, fees range from INR 1,00,000 to INR 3,00,000.
Is Enrolling in this Online MBA Program Worthwhile?
- Development of Skills:You may get important skills in economic analysis, leadership, strategic planning, and decision-making from an online MBA program. These abilities are highly sought after in a variety of businesses. Think about if the program's skills match your personal development objectives and career aspirations.
- Socializing chances: Through virtual events, discussion forums, and group projects, online MBA programs frequently provide networking chances with other students, graduates, faculty members, and professionals from the sector. Developing a strong professional network may be very beneficial for future employment prospects and career advancement.
- Convenience and Practicality:You can manage your education with job, family, and other obligations thanks to the schedule and geographic flexibility that online programs offer. Determine whether the program's adaptability satisfies your demands and preferences.
Job Opportunities
- Financial Analyst:Apply your knowledge of economic analysis to the assessment of financial information, the appraisal of potential investments, and the formulation of recommendations for people or institutions.
- Business consultant: Offer companies strategic counsel and economic insights including pricing, market trends, competition analysis, and growth prospects.
- Market research analyst: To assist companies in making defensible choices on product development, marketing plans, and target markets, conduct economic research, examine customer behavior, and evaluate market trends.
Leading Employers for Online MBA in Economics
- McKinsey & Company
- Boston Consulting Group (BCG)
- Bain & Company
- Deloitte
- PricewaterhouseCoopers (PwC)
- J.P. Morgan Chase
- Goldman Sachs
- Morgan Stanley
- Citigroup
- BlackRock
Addmission Open for 2024
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