MBE [Master of Business Economics]: Course Details, Eligibility, Fees, Admission

Surobhi Chatterjee

MBE or Master of Business Economics is a two year postgraduate program that deals with understanding the global economy and its interaction with organizations, individuals and society. MBE jobs after graduation include Business Economist, Asset Manager, Market Analyst, Operations Manager, Financial Analyst, Consultant, Financial Advisor, Investment Banker, etc.

About MBE Course

MBE full form is Master of Business Economics. MBE courses are composed of many artistic disciplines and offer various subject combinations for candidates to choose from apart from compulsory subjects. The MBE syllabus covers all the related topics for the field and gives rigorous training to the students. MBE duration is generally two years, depending on the country and institution.

Eligibility Criteria for MBE

MBE eligibility includes students having to successfully pass their graduation from a recognized university in any stream with a minimum of 50% aggregate marks. In addition, many colleges and universities conduct entrance exams for students to be eligible for the course.

There is no age limit to applying for this course. For MBE admission, the students need to know the eligibility criteria and all the MBE course details.

Who Should Pursue an MBE Course?

Business economics is an area of business decision-making for individuals interested in applying economic theory and research. The MBE course is for those aspirants that want to set up a career in economics. Depending on the nature and type of MBE course, aspirants can set up their careers in the domain of their preferences.

When To Do MBE Course?

Typically, it makes sense for MBE aspirants to apply for their respective courses immediately after completing graduation. However, students from any stream can apply for a MBE course.

How To Get Admission to MBE?

MBE admission is possible through both entrance examination and merit-based selection. Many universities offer direct and entrance exam-based admission to the MBE course. Candidates applying for the MBE degree should have their results from the respective entrance exam boards required by the selected/opted universities. 

Though the admission process varies from college to college, below are the steps that one should generally go through to get admission.

How to Apply?

The MBE degree course applications are available either online from the university website or offline by visiting the university's admissions office. In addition, some colleges may conduct interviews before admissions to check if students have good communication skills. 

Candidates applying for the MBE requirements have all the necessary documents before the entrance test, such as graduation results and ID verification.

Selection Process

The selection process for the courses under MBE in India is usually the same irrespective of the specialisation. Generally, once the application for the course is received, colleges decide on the final selection of the candidates based on the marks obtained by them in the entrance exams. Additionally, the merit obtained by the candidates in their undergraduate degrees also plays an important role.

Types of MBE Courses

Aspirants can pursue the MBE course in full-time, distance or part-time mode. Below are the types of MBE courses in detail:

Full-Time MBE

The full-time MBE program is typically for 2 years, which students will have to attend classes in person, submit assignments, and write their exams on campus. The advantage of a full-time MBE course is that students will gain a lot more exposure, experience and knowledge through direct interaction with their peers and faculty.

Part-Time MBE

The part-time MBE course is designed for students who cannot attend regular classes. Part-time courses either entail weekend or night classes or online classes, depending on the type of course. The advantage of the part-time MBE course is that students can pursue this course while simultaneously being engaged in employment, research, etc.

Distance MBE

Many universities and colleges in India offer the Distance MBE course. The course is designed keeping the Distance Education methodology in mind. This course is designed for students who cannot afford to attend classes on-campus or those engaged in some form of employment and cannot take time out to pursue a full-time course.

Popular Entrance Exams for MBE

MBE exams are a common and popular means for some colleges to have a screening to decide which student must be admitted to the course. Many popular colleges around the country have made a name for themselves by conducting internationally acclaimed research projects. 

These colleges often conduct entrance exams, as the demand to enter these colleges is higher than the number of seats available. Listed below are some of the popular MBE exams:

• CAT
• CUCET
• XAT
• SNAP
• CMAT

A Quick Glance at the MBE Entrance Exams

Students can access the MBE course details by going to the college's official website to which they are interested in applying. The specialisation plays a vital role in the college's approach to the entrance exam. Below listed are some of the general guidelines of the MBE entrance examinations: 

• The exam pattern includes English, Logical Reasoning, Analytical Thinking, and subject-specific questions according to the specialisation.
• The papers are objective and MCQ-based.
• The syllabus, mode of examination, and question pattern may change according to a university/conducting body.

Top MBE Colleges in India

Below is the list of the 10 best MBE Colleges in the country:

Top MBE Colleges in New Delhi

India’s capital city is home to some of the best institutions for MBE in India. Check the table below for the top MBE colleges in New Delhi:

Top MBE Colleges in Pune

Pune also has some of the best institutions for MBE in India. Check the table below for the top MBE colleges in Pune:

Top MBE Colleges in Chennai

Tamil Nadu’s capital city is home to some of the premier institutions for MBE in India. Check the table below for the best MBE colleges in Chennai:

Top MBE Colleges in Bangalore

The capital city of Karnataka is renowned around the country for colleges offering top MBE programmes. Check the table below for the best MBE colleges in India:

Top MBE Colleges in Kolkata

West Bengal’s capital city, Kolkata, has some of the best colleges for MBE courses in India. Check the table below for the best MBE colleges in Kolkata:

Top MBE Colleges in Hyderabad

The Telangana state capital has some premier institutions in the country for MBE courses in India. Check the table below for the top MBE colleges in Hyderabad:

Top MBE Government Colleges

There are several top Government Colleges offering quality MBE programmes across the country. Check the table below for the top MBE government colleges in India:

Top MBE Private Colleges

India has seen significant growth in the number of quality MBE private colleges that offer some of the best programmes in the country. Check the table below for the top MBE private colleges in India:

Study MBE Abroad

Students can opt to study an MBE course abroad if they can afford it. The MBE course abroad is for 2 years, depending on the type of course, college and country. The benefits of studying an MBE course abroad are access to some of the best resources, facilities, and faculties, apart from worldwide exposure in terms of subject matter and other cultures. 

In addition, MBE is one of the best courses to study abroad because of its diversity. Below are some of the top MBE colleges abroad and the relevant fees structure:

Top MBE Colleges Abroad

The table below contains the list of some of the best colleges abroad for MBE:

Top MBE Colleges in USA

The USA is home to some of the best universities and colleges offering top-notch MBE programmes in the world. The table below contains the list of top MBE colleges in the USA:

Top MBE Colleges in the UK

The UK has institutions that date back to the 13th century. This makes the UK one of the best destinations for pursuing an MBE. The table below shows the top colleges in the UK for MBE:

Top MBE Colleges in Canada

Known as the ‘Great White North’, Canada is one of the most sought-after destinations for MBE programmes in the world:

Top MBE Colleges in Australia

Known as the ‘Land Down Under’, Australia has emerged as one of the top destinations for higher studies for many students. The list of top MBE colleges in Australia is as follows:

Fee Structure for MBE

The MBE course fee is not fixed and depends on many factors. Some of the factors which affect the MBE fees include location, faculty, demand, infrastructure, and the facilities available to the students. The average MBE fees in India is around INR 10,000 - 3 LPA.

Syllabus and Subjects for MBE

Business economics includes understanding the global economy and its interaction with companies, individuals and society. MBE usually includes subjects like Advanced Mathematics, Analysis, Research Methods, Microeconomics and Macroeconomics. The course syllabi included in the curriculum of some of the most popular MBE courses are listed below.

Listed below are some subjects that the students get a chance to study:

• Quantitative Techniques for Business
• Operations Research
• Computer Applications for Business
• Banking and Foreign Exchange Management
• Business Finance & Accounting

Read More: MBE Syllabus and Subjects

Why Choose MBE Course?

When students decide to pursue the MBE qualification, they should research MBE course details to ensure that they know the course they are enrolled in. Some of the common queries that students encounter are, "What is MBE" and "Why MBE?". To understand the answer to these questions, we can make it simpler by breaking it down into the following three short questions:

What is MBE All About?

A Master of Business Economics Degree or MBE course is a postgraduate commerce degree awarded to students, usually in a branch of Economics. The Master of Business Economics degree is one of the oldest and most popular programs globally.

MBE degree is a mix of many subjects that allows candidates to adapt to the changing demands of the employer and meet their needs. The MBE course enhances the candidates’ communication, research, and analytical skills.

What Does an MBE Graduate Do?

Students can select the subjects of their choice depending on their interest in job prospects available in the specific field. Since graduates with a Master of Business Economics degree possess skills in various subjects, there are career opportunities available in multiple fields for them.

In addition, there are many responsibilities that graduates of this role have to undertake, which makes the role very dynamic and diverse.

Business Economist: For decision-making, market economists apply economics. He or She uses economic analysis techniques to explain issues, arrange and analyze knowledge and compare alternative courses of action.

Reasons Why MBE Can Fetch You a Rewarding Career?

The MBE course is a very reflective and exciting stream of education. Students can gauge the intrinsic worth of an MBE course because it offers more avenues of employment opportunities than any other stream. Thus, the MBE job scope is forever widening and appealing.

Diversity in Job roles: There is a diverse range of job roles available for the graduates of this course. Since the specialisations available to the students are very flexible, it enables the students to pursue a wide range of roles in their careers.

Read More: MBE Jobs and Scope

MBE Course Comparison

MBE stands for Master of Business Economics and is typically catered to students interested in and inclined towards economics. Below is a comparison of the MBE course with other courses:

MBE vs MBA in Business Economics

The table below showcases the differences between MBE and MBA in Business Economics:

Read More: MBA in Business Economics

Preparation Tips for MBE Course

There are many tips that students must note when deciding to pursue an MBE degree. Some important preparation tips are listed below to ensure that the students crack the course and pass the exams without any hurdles. 

Improve Vocabulary: Improving vocabulary is very necessary as the MBE course deals with many writing and reading activities. So having excellent communication and writing skills are a plus for the student studying the MBE course.

Read and Practice More: Being up to date with the syllabus every day is very important. Practising and reading more will help the student be thorough with the syllabus and do well in the exams.

Have Intrinsic Knowledge and Interest in Subjects: Having intrinsic knowledge about the subject and having the same interest will keep the student motivated to learn more than what's in the syllabus.

Revise Methodically: Revising from time to time can be a key to scoring well in the final exam. Keep revising regularly and understand the subject properly. Revision is the key to scoring good marks.

Scope of MBE For Higher Education

Students can pursue many specialisations under MBE. There are also many higher study options available for graduate students after a MBE degree, which can help them better understand the subject. Also, gaining more education can help students pursue a career in research if they are interested in it. Listed below are some of the popular higher education options available for students:

• PhD
• M.Phil

Salary of an MBE Graduate

The MBE salary for the graduates can differ according to the specialisation that the aspirants decide to pursue. Other factors that can affect MBE salary in India include experience, geography, and the industry they are working in. 

Graduates can increase their salary by doing internships and work placements as it would add to their experiences. The average MBE jobs salary for graduates is around INR 3 - 20 LPA [Source: PayScale].

Read More: MBE Salary

Career Options After MBE Graduation

There are plenty of jobs available for students looking for a career in Economics. The job roles will differ based on the specialisation that one has opted for. MBE graduates have abundant job opportunities with good salary packages that include the following fields:

• Business Economist
• Asset Manager
• Market Analyst
• Operations Manager
• Financial Analyst
• Consultant
• Financial Advisor
• Investment Banker, etc.

Skills That Make You The Best MBE Graduate

There are many complex and soft skills that MBE graduates need to possess to succeed in their careers. These are not necessarily skills that students can get in a classroom setting. Instead, these are skills that are learned through experience. Therefore, students should always put in the effort to go out of their comfort zone and gain as much experience as possible. Some of these skills include:

• Quantitative Analysis Skills
• Research Skills
• Analytical Skills
• The Ability to Work Under Pressure
• Interpersonal Skills

Top MBE [Master of Business Economics] Colleges

Gauhati University

Guwahati,Assam

Goswami Ganesh Dutta S.D. College

Chandigarh,Punjab

Holy Cross Institute of Management and Technology

Calicut,Kerala

RDVV Jabalpur

Jabalpur,Madhya Pradesh

Mewar Institute of Management

Ghaziabad,Uttar Pradesh

Kuvempu University

Shivamogga,Karnataka

IIS University

Jaipur,Rajasthan

Future University, Bareilly

Bareilly,Uttar Pradesh

VIEW ALL

MBE Fee Structure

See Various MBE Colleges in India