If you want to have a career in economics, you must earn a business economics degree. There are four types of economics degrees that you can obtain:
1.) PhD Degree
2.) Master's Degree
3.) Bachelor’s Degree
4.) Associate’s Degree
A bachelor's degree program in business economics is the minimum requirement in most entry-level positions; however, if you want advanced positions, you must have an advanced degree such as an MBA or a PhD.
Choosing An Economics Degree Program
With rapid change in the financial sector in business, demand for business economics has increased in recent years. There are many institutions that offer studies in economics and business. In fact, the business and economics major is one of the most well-known majors at top business schools around the world.
When choosing a degree program, you should not choose just any program; you should choose a degree program that rhymes with your academic goals and career ambitions.
You should be cautious of the courses offered by each program. Some of the programs allow you to specialize in specific areas of economics such as macroeconomics, microeconomics or international economics.
If your career goal is to specialize in any of the specific courses, you should choose a program offering the course of your interest.
Other than the courses offered in the each of the programs, other factors that you should consider while choosing a program should include class size, qualifications, networking opportunities, available financial aid, completion rates, and tuition costs.
Finally, you should check whether a particular institution is accredited. You wouldn’t want to spend your money and time pursuing your bachelor degree in business economics at an unaccredited institution.
Why Study Business Economics?
You may ask. Why study business economics and not any other course? There are many reasons why you should study business economics and not any other course.
One of the reasons is that there are many institutions that need intelligent economists. One of the major institutions that employs a huge number of economists is the federal government.
It’s the dream of almost any economist to work for the federal government. To work here, you must have a business economics degree with a minimum of 21 semester hours of economics and an additional three hours of accounting.
If you miss a chance in the above fields, you can also work as an industrial economist, monetary economist, organizational economist, labor economist, international economist, or even as an econometrician.
If you don’t want to work in the economics field with a business and economics major, you can work in a closely related field such as in finance, marketing, law or insurance.
Regardless of your specialization and your chosen field of work, the knowledge acquired during the general studies in business and economics is a must.
Pursuing an economics degree can open many doors for you. The huge number of job options ensures that you will not lack a job once you are through with your course. If you have a bachelor’s degree or an associate's degree, it will increase your chances of landing a better paying job. Also, it will better prepare you in case you should enroll for an MBA.