Companies thrive by finding new ways to stay relevant and maintain their profitability. Although turning a profit is essential to the survival of companies, business managers and executives must always factor in risks. Ensuring a business can sell its goods and services while juggling other tasks is what business and managerial economists do.
The job requires creativity, strong analytical skills, and well-researched solutions. You’ll learn how to apply the principles of economics to solve problems related to company growth and success. Are employees satisfied? Is there high employee turnover in particular departments? Are vendors in compliance with labor laws? Are there additional ways to make the company green-friendly? How will government impact the business and its consumers?
Studying economic theories and methods will help you become an effective communicator and advisor in business.
What does a student majoring in Business and Managerial Economics study?
- Business Statistics
- Financial Accounting
- Managerial Economics
- Business Writing
- Supply Chain Management
- Public Speaking for Business
What can I do with a Business and Managerial Economics degree?
Students who major in Business and Managerial Economics can pursue jobs in finance, banking, food production and distribution, health care, retail, and agriculture. Here are some career options:
- Agents and Business Managers of Artists, Performers, and Athletes
- Business Continuity Planners
- Business Intelligence Analysts
- Operations Research Analysts
Specializations for a Business and Managerial Economics Major:
- Agribusiness Economics
- Business Economics
- International Business Economics
- Environmental and Resource Economics
What are the requirements for a Business and Managerial Economics degree?
Meet with your academic advisor to be certain you’re taking courses to round out your studies while completing the required credit hours each semester. In addition to your coursework, a capstone requirement may be mandatory during your senior year. Studying abroad (although not a prerequisite) will provide you with new insights into business and economics internationally.