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Home » Career Mentor » Business Economist
Career Mentor Details of "Business Economist"

Name of The Profession

Business Economist

Who is a Business Economist and what does he/she do?

A Business Economist deals with the branch of economics and applies theories of micro and macro economics for management or business consulting. It inspires heavily from subjects like quantitative methods, such as correlation, regression analysis, calculus, etc.
They perform various types of consulting strategies like risk analysis, capital budgeting, pricing and production analysis and present the competitive study and findings to the management. They also device methods like optimization of production in the workplace.

He does collective research and assesses the economic aspects that can affect growth and development of a company. They also work in other fields like academics, private and government sector and study data and statistics and spot macro economic trends using mathematical and other computing methods.

Qualifications Required

A master's or a PhD degree in subjects such as managerial economics

Where can I go and study to become a Business Economist?

      India
  • Indian Institute of Management, Calcutta.
  • Indian Institute of Management, Vastrapur, Ahmedabad.
  • Indian Institute of Management, Bannerghatta Road, Bangalore.
  • Indian Institute of Management, Prabandh Nagar, Off Sitapur Road, Lucknow.
  • Indian Institute of Management, Kozhikode.
      UK
  • Oxford
  • Cambridge
  • Imperial College
  • London School of Economics
  • St Andrews
      Singapore
  • Singapore management University
  • National University of Singapore (NUS)
  • Nanyang Technological University (NTU)
       USA
  • NY Program in Industrial and Management Engineering Stanford University Stanford,
  • NY Field of Operations Research and Information Engineering Rensselaer Polytechnic Institute Troy,
  • NY Department of Industrial Engineering and Operations Research Cornell University Ithaca,
  • SC Department of Industrial Engineering Columbia University New York,
  • Clemson University Clemson,

Where can I work as a Business Economist?

  • Private and public sector companies
  • Manufacturing companies
  • Retail chains
  • Financial Research organisations

Potential earning capacity per annum:

The salary package of the business economist’s could be somewhere rs symbol 3.5 Lac p.a. (Approx).

 
 
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