The difference between a degree in business economics and a regular economics degree is not in the training, but in the other courses required for the degree. Students majoring in business economics combine training in economic theory and methods with courses in practical areas of business, such as accounting, management and marketing. The combination of economics and business studies prepares these students for a wide range of employment opportunities. The degree also prepares students for advanced study in economics, business and law.
A degree in business economics prepares graduates to apply economic theories and econometric research techniques toward the analysis of business problems. Students who earn a degree in business economics may find employment opportunities as accountants, auditors, underwriters, and budget and financial analysts. Many parlay their education and experience into corporate management positions. The types of employment opportunities for a business economics degree recipient will depend in part on the types of business courses the student completes. Many of those majoring in business economics concentrate in specific business specialties. For example, a student who specializes in marketing may find opportunities as a market research specialist. In addition to applied business areas, such as accounting, finance, marketing and management, other specialties include organizational leadership and government-business relations. Business economics majors find employment in a wide range of settings, including banks and investment firms, insurance companies, information technology companies, consulting firms, market research organizations, and mergers and acquisitions departments.
An undergraduate degree in business economics provides excellent training for graduate study in economics, business administration or law. Students who complete graduate-level study in economics often begin academic careers, while others find opportunities in consulting, research and government. A bachelor’s degree in business economics also provides excellent preparation for students who plan to pursue a Master of Business Administration degree, which often leads to a career in business management. Economics often serves as the theoretical basis for many graduate-level courses in business administration. Economics also is one of the most common undergraduate majors for students who enter law school. Economic analysis represents an important element of the curriculum in many law schools. In addition, applying economic theory and analysis to the law has become a distinct specialty within the legal profession.
Shane Hall is a writer and research analyst with more than 20 years of experience. His work has appeared in "Brookings Papers on Education Policy," "Population and Development" and various Texas newspapers. Hall has a Doctor of Philosophy in political economy and is a former college instructor of economics and political science.