Master of Business Economics [MBE] Colleges, Eligibility, Admission Process, Entrance Exams, Syllabus, Job Profiles, Salary Trend, Future Scope 2023

MBE Programme is for two years which is divided into four semesters. It involves a detailed study of Business Economics. 

• Business economics is an area of business decision-making for individuals interested in applying economic theory and research.
• 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 business economics course incorporates the advanced finance and accounting program, as well as SAP, Pantheon, Asseco, Bloomberg and Forex platform.
• Continuous student training in the learning of technical business skills and personal business skills, helps them to learn a full range of skills required for productive career growth.

The MBE course has many advantages and benefits. Some of them are discussed below. 

• The main feature of the MBE program's teaching approach is the use of case study methods. It enables students to develop systematic and analytical problem-solving skills by reviewing case studies of effective companies in the country and abroad.
• It gives practical focus, with the possibility of completing work placements and professional projects included in the program.
• Those with a Master of Business Economics degree will seek various mid-level and executive positions in banks, investment companies, government departments, private corporations and other organisations.
• Management consulting careers have evolved on the basis of providing independent advice to help companies, organizations and businesses improve their performance, solve problems, create value, and maximize growth.
• Careers in investment management involve providing clients with financial advice and services to help them in investment matters such as the purchase and sale of units, investment trusts, shares, and bonds.
• For an economist the final move is to go for his PhD upon completing the course, students interested in their PhD will be highly qualified in business mathematics and statistics, econometrics, and theory.

What is the Admission Process for MBE? 

MBE admissions are done mainly through marks obtained by the candidates at the UG level. But some colleges require the candidate to clear a university level entrance test.

• Application forms for admissions are invited generally during the month of May. 
• The Selection Committee will call eligible candidates possessing the minimum educational qualifications for document verification and personal interview. 
• Based on the academic record and the performance of the candidates in selection criteria, candidates found suitable for admission will be accepted for the course. 

The students need to follow the following steps while applying for the MBE course. 

• Step 1: Candidates need to register to the official website by providing their email id, mobile number, and password.
• Step 2: Filling up the online form with personal and academic details and course details. 
• Step 3: Upload all the scanned documents like candidate’s Photograph, Signature, Photo Identification, mark sheets, caste certificate, etc.
• Step 4: Payment of the application fees using a Net banking, debit/credit card.
• Step 5: Submission of the application fee and form, submit, and download the form for future references.

A student seeking admission to the MBE program shall submit the application form along with:

• Proof of birth date
• Degree or passing certificate of the qualifying examination
• Migration Certificate
• Gap certificate if applicable
• Scorecard of the entrance exam

Read more of Chandigarh University Admission Process. 

What is the Eligibility Criteria for Admission to MBE course? 

Candidates seeking admission to an MBE course must complete certain eligibility criteria, some of which are listed below. 

• Candidates should hold a Bachelor's degree or equivalent qualification from a recognized university/institution.
• Candidates must secure a minimum aggregate of 45% marks or equivalent grade in Bachelor’s Degree.
• Candidates having an educational background in Economics or Commerce are preferred, but the course is open to all streams.
• In the case of reserved category candidates, the relaxation of 5 percent marks or equivalent grade shall be granted in accordance with the UGC guidelines

Which Entrance Exams are Required for Admission to MBE Course? 

The MBE course is similar to MBA therefore colleges consider CAT for generation of merit list.

• Few institutes offering Master of Business Economics programs conduct their own entrance exams for admission to the course, to assess the eligibility of candidates for pursuance of the course. 
• However, many institutes admit students through their performance in qualifying exams.

Two such entrance exams are discussed below. 

• CAT - Common Admission Test is an entrance exam for admission to management courses. It is a gateway to the prestigious 20 IIMs in India and more than 1200 + B colleges. CAT is conducted once in a year by one of the IIM's.
• CUCET - This entrance exam is conducted by Chandigarh University for admission to various UG and PG courses including engineering and management courses offered by the university. 

Some of the most popular institute level entrance exams for this course are given in the table below.

Exam Name	Exam Details
CAT	Check Here
MAT	Check Here
SNAP	Check Here
IIFT	Check Here
IBSAT	Check Here
CMAT	Check Here
MAH CET	Check Here
NMAT	Check Here
ATMA	Check Here
XAT	Check Here
TISSNET	Check Here
TANCET	Check Here

Many colleges and universities have postponed their entrance exam dates due to the ongoing COVID-19 crisis. 

How to Prepare for a MBE Entrance Exam? 

The students can follow the below given preparation tips to score well in MBE entrance exams. 

• Candidates should focus on the preparation plan as each exam has a specific set of questions and time allocation.
• On the basis of the previous year's paper, lay out a study plan which will allow you to cover the syllabus as well as revise it efficiently.
• The Master of Business Economics entrance question paper generally MCQ divided into different sections.
• It will require in-depth knowledge of Business Economics, analytical skills, and sharp memory to crack the exam.
• Practicing sample question papers and model tests certainly offers students an advantage because they are able to learn the exam's style and layout well beforehand.
• Consulting a student who is pursuing an MBE can give a clear picture and a lot of guidance for the test.

CAT Sample Papers

CUCET Sample Papers

Which are the Top Colleges Offering MBE? 

Here is the top MBE college list for your reference. These colleges show the admission process, location, and average fee charged for Master of Business Economics.

Source: College Websites 

College Comparison for MBE 

Below given is the college comparison of the top MBE offering colleges in terms of several parameters like average fee, college overview, admission process, top recruiter, and many others.

Source: College Websites 

Master of Business Economics Distance Learning 

Master of Business Economics is an extremely niche education stream in India and is offered by a handful of  colleges. As of now only one university, i.e Madhya Pradesh Bhoj Open University  offers the Master of Business Economics in Distance Learning mode. 

The following are the details of the distance education program offered by the university

• The overall duration of the course is for a period of 2 years.
• Admission to the Master of Business Economics Distance Learning  program is provided on the basis of merit list.
• Candidates belonging to any specialization and from any stream in the graduation level are open to apply for the course.
• The total fees of the program is INR 7000.

What are the Future Scopes After MBE?

There are many future career scopes and higher studies options available after MBE, some of which are discussed below. 

• The candidates can go for PhD upon completing the course. Students interested in their PhD will be highly qualified in business mathematics and statistics, econometrics, and theory.
• Candidates can appear for UGC NET / UGC CSIR NET to apply for M.Phil / PhD program in the field.
• The national JRF tests are intended to assess eligibility in Indian universities and colleges for the post of Assistant Professor and/or Junior Research Fellowship award.
• A few of the other popular options candidates prefer after successfully completing MBE are Chartered Financial Analyst, Financial Risk Manager, Certified Information Systems Auditor, Certification in Risk Management Assurance, Certified in Production and Inventory Management, Project Management Professional, Executive MBA, DBA, SAP Course, so on.

MBE FAQs