As technology continues to develop, professionals entering the workforce will want to choose career paths which will remain viable for the future of business and give them an opportunity to change with the times. One such field, which has a tremendous amount of staying power and reaches into many areas of business and leadership, is Managerial Economics.
Managers with economics backgrounds continue to be in high demand as they play a key role in an organization’s ability to remain healthy by pursuing short-term and long-term profits. A professional with a degree in Managerial Economics is a decision maker who has a keen grasp on the concepts of economic theory and managerial experience and uses both to help guide a staff to success.
One of the most solid bedrocks of education for a business leader looking to prepare for a remarkable career in business is an online Master’s of Business Administration in Managerial Economics. Some of the best business schools across the nation have developed excellent curriculums and provide students access to top-tier mentors within their programs. Aside from offering the basic core credits in topics like accounting, business law, information systems, marketing management, and organizational leadership, these programs have been crafted to develop the student’s comprehension and ability to utilize subjects like applied economics, data analysis for decision making, government role in economics, and micro and macro-economic theory within the positions they may currently hold within an organization, or one they wish to pursue in the future. Pursuing an online MBA in Managerial Economics opens up the potential for careers in a number of fields including accounting, agricultural policy, banking, finance, insurance, government, manufacturing, and sustainability consulting.
While many of these stellar online MBAs require applicants to bring a certain number of years of professional experience into the program, some will forgo this requirement based on previous academic performance. As flexibility and convenience are often hallmarks of an online education, many business schools allow students to customize their schedules in order to coordinate with an already-active professional and personal life. Students seeking an accelerated experience can sometimes have the option of completing all course requirements for the MBA in just a year, while those needing more time can take up to five or six years to graduate.
An excellent example of one of the nation’s leading online MBAs is the Tepper School of Business’ online Economics MBA at Carnegie Mellon University. The strength of this program lies in its balance between a rigorous curriculum and a hybrid format which allows students to benefit from a cohort-experience and networking opportunities included with several on-campus visits throughout the program. Distance learners admitted into this program have access to the same admissions process, staff availability, and prestigious curriculum that on-campus students of Carnegie Mellon enjoy. With cutting edge components like “Online Class Visit” and “Virtual Information Session,” this program is dedicated to offering the best possible education experience to its students.
Another top online MBAs in the nation is from Bellevue University’s College of Business in Bellevue, Nebraska. This Online MBA program is offered with a concentration in Global Economic Threat Environment. This 36-credit hour program is offered in a convenient 100% online format, with the option for students to attend class in-person in a hybrid format for students living close to campus. Backed with the outstanding accreditation from IACBE, students start with a solid business foundation and then split into the concentration courses. These classes include Green Security: Eco-conflict and its Challenges; Hard and Soft Power: Balancing Hawks and Doves; Transnational Crime and Corruption: The Dark Side of Globalization; Democracy, Ethnicity, and Development in Africa; and Democracy, Political Economy, and Human Rights across Asia. Admission requirements for this program include the completion of an undergraduate degree from an accredited college or university with a GPA of at least 2.5 over the last 60 credits of coursework, and submit letters of recommendation and essays to the business school in order to begin the acceptance process.
An online MBA in managerial economics will help students gain a competitive edge in the job market, regardless of industry, because students obtain both a sound understanding of economics and solid managerial experience. There is a strong demand for leaders with this as their wheelhouse. The quantitative, analytical, and problem-solving skills students develop within an online MBA in managerial economics will be transferable to any choice of career paths.