2020 Business/Managerial Economics Degree Guide
Whether or not your realize it, your lifestyle is determined by the market, whether that is the price of gas, or the cost of a new home or the wages you receive for your work. Everyone is involved in economic activity in some way or another. A business needs to be aware of the economics of the market in order to effectively sell their product. Some examples would be how many individuals they can afford to hire, or how selling inventory will affect the businesses bottom-line.
Majoring in Business and Managerial Economics educates students in how to use economic principles to analysis the organization and operation of business enterprises. Students take a mix of business and economic courses, such as Accounting, Financial marketing, Economics of regulation, Business policy and strategic management, and Econometrics. This major is commonly offered as a Bachelor's degree, however can be taken at an Associate's level.
Business/Managerial Economics Degrees On The Rise
Approximately 209 colleges in the U.S. offer a business/managerial economics degree of some kind. This year's Best Colleges for Business/Managerial Economics ranking compares 112 of them to identify the best overall programs in the country. Continue reading to check out one of our many unbiased rankings of managerial economics programs later in this article.
Requirements for Getting a Degree in Business/Managerial Economics
Students should be prepared for the advanced math classes involved in this major. You will also be aided by an analytical and creative mind when solving difficult problems or coming up with new theories. There is an emphasis of group work in many of the classes you will be taking. Students will need to work on their people skills and time management. In order to prepare for this major, students are advised to take course in Macroeconomics, Statistics, Business, Calculus, and Computer applications.
Prior Education for a Managerial Economics Program
A high school diploma or equivalent is typically required for most managerial economics degree programs and many students will need a minimum GPA and SAT/ACT score depending on the school. Specific managerial economics careers may require a certain level of degree attainment or additional certifications beyond that.
Types of Business/Managerial Economics Degree
There are various different levels of managerial economics degrees. You can spend many years getting as high as a research / scholarship based doctorate's in business/managerial economics to something that takes less time like a first year certificate. How long it takes to complete some common managerial economics degree levels is shown below.
|Degree||Credit Requirements||Typical Program Length|
|Associate Degree||60-70 credits||2 years|
|Bachelor’s Degree||120 credits||4 years|
|Master’s Degree||50-70 credits||1-3 years|
|Doctorate||Program required coursework including thesis or dissertation||At least 4 years|
A doctor's degree (research / scholarship) is the most common level of education achieved by those in careers related to managerial economics, with approximately 50.7% of workers getting one. See the the most common levels of education for managerial economics workers below.
|Level of Education||Percentage of Workers|
52.9% of managerial economics workers have at least a research/scholarship based doctorate. See the chart below for the most common degree level workers in business/managerial economics have received.
This of course varies depending on which managerial economics career you choose.
Career Opportunities for Managerial Economics Majors
Graduates of Business and Managerial Economics find themselves in several different career fields. These include Financial Mangers, Financial Analysts, Management Consultants, Top Executives, and Economists. All of these careers handle company's success in terms of profitability and growth. Financial Analysts analyze businesses and provide strategies to help them reach their financial goals. Economists analyze the factors that influence the market and study the selling and buying of products and services within the company.
Growth Projected for Managerial Economics Careers
Want a job when you graduate with your managerial economics degree? Business/Managerial Economics careers are expected to grow 6.5% between 2016 and 2026.
The following options are some of the most in-demand careers related to business/managerial economics.
|Occupation Name||Projected Jobs||Expected Growth|
How Much Money Do Managerial Economics Grads Make?
Business/Managerial Economics graduates between 2015-2017 reported earning an average of $46,084 in the 2017-2018 timeframe. Earnings can range from as low as $30,200 to as high as $83,000. As you might expect, salaries for managerial economics graduates vary depending on the level of education that was acquired.
High Paying Careers for Managerial Economics Majors
Salaries for business/managerial economics graduates can vary widely by the occupation you choose as well. The following table shows the top 5 highest paying careers managerial economics grads often go into.
|Occupation Name||Median Average Salary|
Getting Your Business/Managerial Economics Degree
With over 424 different managerial economics degree programs to choose from, finding the best fit for you can be a challenge. Fortunately you have come to the right place. We have analyzed all of these schools to come up with hundreds of unbiased managerial economics school rankings to help you with this.
Top Ranking Lists for Business/Managerial Economics
Highest Paid Graduates
Most Popular Colleges
Best for Non-Traditional Students
Best for Veterans
Majors Related to Managerial Economics
One of 21 majors within the Business, Management & Marketing area of study, Business/Managerial Economics has other similar majors worth exploring.
Most Popular Majors Related to Managerial Economics
|Related Major||Annual Graduates|
|Business Administration & Management||399,810|
|Finance & Financial Management||56,960|
Featured Economics Schools
|Request Info||Southern New Hampshire University You have goals. Southern New Hampshire University can help you get there. Whether you need a bachelor's degree to get into a career or want a master's degree to move up in your current career, SNHU has an online program for you. Find your degree from over 200 online programs. Learn More >|
|Request Info||Purdue University Building on Purdue’s mission to provide greater access to affordable, world-class education, Purdue University Global delivers a fully personalized online experience that’s tailored to working adults. By opening the doors to adults who need flexibility to fit learning into their busy lives, we make it possible to achieve a high-quality education from the prestigious Purdue University system—completely online. Learn More >|
|Request Info||Grand Canyon University (GCU) With a spotlight on intellectual creativity and innovation for the 21stcentury, the College of Humanities and Social Sciences at GCU provides a job focused education. It blends the study of traditional humanities in a modern context. Through academic inquiry and beyond the box thinking, the college advances our society and its accomplishments. Learn More >|
|Request Info||Northcentral University Northcentral University (NCU) was founded to provide accessible, high-quality, online graduate degrees to working professionals. As a regionally accredited, online university, NCU serves students worldwide, focusing on Doctoral and Master's degree programs in the Schools of Business and Technology Management, Education, Psychology, and Marriage and Family Sciences. Learn More >|
|Request Info||Colorado Technical University (CTU) CTU could help you connect to what matters most: a powerful professional community, faculty who are real-world professionals, and innovative technology. Learn More >|