Overview of Business/Managerial Economics

Business/Managerial Economics is a branch of economics involving the application of economic and business principles to real-world business problems. It is concerned with the efficient management of resources, as well as the optimal decision-making and problem-solving related to business policies and procedures. Business/Managerial Economics draws on concepts from both microeconomics (supply and demand, market structures, and pricing strategies) and macroeconomics (financial markets, national markets, and international trade) to provide tailored strategies to individual organizations.

Career Opportunities Associated with Business/Managerial Economics

A degree in Business/Managerial Economics can lead to a wide range of career opportunities, including positions in financial management, marketing, consulting, research, and management. It can also provide students with a valuable foundation for pursuing further education. Specific job titles include Financial Analyst, Pricing Manager, Business Consultant, and Market Researcher.

Internship or Co-op Opportunities Related to Business/Managerial Economics

Yes, there are many internship and co-op opportunities related to Business/Managerial Economics. These programs provide students with a unique opportunity to gain hands-on experience in real-world organizations, as well as to apply their skills in solving complex business problems. Students are often positioned in various departments, such as finance, marketing, and research, to gain an in-depth understanding of how companies use economic principles in their operations.

Specialized Tracks or Concentrations Within Business/Managerial Economics

Yes, most universities offer multiple tracks or concentrations within the degree program, allowing students to customize their coursework. Common concentrations include Business & Entrepreneurship, Applied Economics, and Public Policy & Law. Students can pair their major or minor in Business/Managerial Economics with a focus in accounting, economics, or another closely related discipline.

How Business/Managerial Economics Prepares Students for Graduate School or Further Education?

A degree in Business/Managerial Economics provides students with the skills and knowledge they need to pursue a successful career in the field. It prepares them to think critically and analytically, as well as to draw conclusions and devise solutions for real-world business problems. It is also beneficial for pursuing further education in economics and related fields.

Impact of Artificial Intelligence on Business/Managerial Economics

Technologies such as artificial intelligence (AI) are becoming increasingly integral to the practice of Business/Managerial Economics. AI has the potential to automate and streamline many repetitive tasks, freeing businesses to focus more of their resources on strategic planning and decision-making. AI can also help organizations to better target their marketing efforts, predict trends in markets, optimize pricing strategies, and identify potential issues or obstacles in the future.

Career Outlook for Business/Managerial Economics?

The career outlook for Business/Managerial Economics is very strong. With the increasing number of businesses and organizations relying on data and economic principles to make decisions, demand is growing for professionals with expertise in the field. Those with expertise in the specialized areas of applied economics, public policy, and entrepreneurship are likely to have the most promising job opportunities.

Here are the top reported starting salaries for graduates in Business/Managerial Economics:

Washington University in St Louis, Salary: $88,712

Villanova University, Salary: $70,687

University of California-Los Angeles, Salary: $65,881

Brigham Young University, Salary: $63,484

Lehigh University, Salary: $61,418

University of Miami, Salary: $60,274

Miami University-Oxford, Salary: $58,704

Bentley University, Salary: $58,138

Ohio State University-Main Campus, Salary: $56,544

DePaul University, Salary: $56,409

For privacy reasons, not all schools report the first year salaries for students who earned their bachelor’s degree in Business/Managerial Economics.