The Best 8 Universities for MBA Economics

MBA Economics

The Best 8 Universities for MBA Economics

Want to enroll in MBA economics and don’t know where to start? Don’t worry; we have the solution. We all know that MBA economics is the most preferred course among people. Whether you are a recent graduate, working professional, or entrepreneur, mostly MBA economics would be your first choice when it comes to pursuing an MBA degree course.

MBA Economics is a special course for students interested in learning about business and economics. However, It becomes super beneficial when pursued by the best universities. An MBA economics from the best universities helps to develop skills and knowledge, and increase career possibilities. 

In this blog, we have listed the best 8 universities for MBA economics in India. We will explore about the details of these best universities. Additionally, this blog gives all information about MBA economics- Overview, eligibility, fees, duration and career options. Let’s start!

Online/Distance MBA Universities In Other Cities

MBA Economics: Introduction

MBA Economics combines two important areas: business administration and economic strategies. An MBA degree course in Economics helps you develop data analysis, financial decision-making, and problem-solving skills. It also improves your critical thinking and strategic planning abilities, making it easier to handle business challenges. It means you will study how businesses work and how the economy affects them. 

In an MBA Economics program, students also learn about important topics like supply and demand, market trends, and financial planning. They also study how businesses make decisions, how the economy changes, and how to manage business growth. These lessons help students think better and solve real-world problems.

These skills are useful in many jobs, such as business analyst, financial consultant, and market researcher. Many students choose this course because it offers good banking, finance, and business management career opportunities. 

Overall, an MBA Economics course provides a strong foundation in business and finance. It helps students to understand why the economy is the most important factor for businesses worldwide and build a successful career with great earning potential.

The Best 8 Universities for MBA Economics

Choosing the right university is essential to pursuing an MBA Economics. Some of the best universities in India offer quality education, excellent faculty, and strong industry connections. 

Additionally, doing an MBA Economics from the best universities gives you better career opportunities and a higher salary. You get to learn from experienced teachers and connect with top industry experts.

The table below details the top 8 universities for MBA, including their location, NIRF ranking, and accreditation.

University Name Location NIRF Management Ranking (2024) Mode of Learning
IIM Ahmedabad Ahmedabad, Gujarat 1 Full-time, Online
IIM Bangalore Bangalore, Karnataka 2 Full-time, Online
IIT Delhi New Delhi, Delhi 4 Full-time
IGNOU New Delhi, Delhi 1 (Open University) Open and Distance, Online
Symbiosis Pune, Maharashtra 13 Full-time, Online
Amity Noida, Uttar Pradesh 29 Full-time, Distance, Online
IMT Ghaziabad, Uttar Pradesh 35 Distance, Online
LPU Jalandhar, Punjab 38 Full-time, Distance, Online

These universities are well-known for their excellent education and industry exposure. They provide students with the right environment to learn and grow in the field of economics and business management. Choosing any of these institutions can help students build a strong career after MBA Economics.

University Name Location NIRF Management Ranking (2024) Eligibility Fee Range Mode of Learning
IIM Ahmedabad Ahmedabad, Gujarat 1 Anyone with a bachelor’s degree with at least 50% marks and a valid CAT score. approx. ₹35–₹37 lakhs for the entire program. Full-time, on-campus program with case-study-based learning.
IIM Bangalore Bangalore, Karnataka 2 Minimum 50% in graduation and a high score in CAT. approx. ₹26–₹30 lakhs for the full course. Full-time, classroom-based program with industry projects.
IIT Delhi New Delhi, Delhi 4 A bachelor's degree with 60% marks and a valid CAT score. approx. ₹12–₹22 lakhs for the program. Full-time, on-campus, focusing on research and innovation.
IGNOU New Delhi, Delhi 1 (Open University) Anyone with graduation in any discipline with a minimum of 50% marks. approx. ₹40,000–₹63,000 for the entire program. Distance learning with online study materials.
Symbiosis Pune Pune, Maharashtra 13 Bachelor's degree with 50% marks and a valid SNAP score. approx. ₹19–₹25 lakhs for the full course. Full-time and online options are available.
Amity University Noida, Uttar Pradesh 29 50% in graduation and entrance test or direct admission based on merit. approx. ₹10–₹21 lakhs for the program. Full-time, online, and distance learning options available.
IMT Ghaziabad Ghaziabad, Uttar Pradesh 35 Anyone with a bachelor's degree with at least 50% marks and a CAT/XAT/GMAT score. It might vary as per the mode of learning. approx. ₹17–₹22 lakhs for the course. Full-time, Online modes of learning options.
LPU Jalandhar Jalandhar, Punjab 38 Candidate who completes graduation with at least 50% marks and LPUNEST or CAT score. Eligibility might be different depending on the mode of learning. approx. ₹8–₹15 lakhs for the entire course. Full-time and distance learning are available.

MBA Economics Overview

An MBA Economics is the most preferred course among young aspirants. It combines business analytics and economic principles. The program helps students understand market trends and financial strategies. This specialisation focuses on developing strong analytical and decision-making skills. 

It develops a deep understanding of economic policies and their impact on businesses. Below is a quick overview of the MBA Economics course, including important details like eligibility, fees, and career opportunities.

Category Details
Program Master of Business Administration
Specialisation Economics
Focus Business strategies, market analysis, financial planning, economic policies
Skills Learned Analytical thinking, financial management, problem-solving, decision-making, data interpretation
Eligibility Bachelor's degree with at least 50% marks, work experience (preferred), or valid entrance exam score.
Top Entrance Exams CAT, XAT, GMAT, MAT, SNAP
Fee Range ₹3 - ₹25 lakhs (varies by university)
Duration 2 years (4 semesters)
Career Options Business Analyst, Economic Consultant, Financial Planner, Market Researcher
Salary Range ₹6 - ₹38 LPA (depending on experience and industry)

Pursuing an MBA Economics degree opens up many career paths in business, finance, and government sectors. Choosing the right university and preparing for entrance exams can help you achieve your career goals. This table gives you a clear understanding of what to expect from an MBA Economics program.

MBA Economics Eligibility

To pursue an MBA degree course in Economics in India, students need to complete the eligibility criteria based on the type of university they choose. While the basic requirements remain similar, government, private, regular, and distance universities may have slight differences in their admission process.

Category Details
Government Universities Government universities like IIMs and IITs require candidates to have a bachelor’s degree with at least 50% marks (45% for reserved categories). Admission is based on national-level entrance exams such as CAT or GATE. Some universities may also consider work experience.
Private Universities Private universities like Amity and Symbiosis have flexible eligibility criteria. They generally require a bachelor’s degree with 50% marks and accept entrance exams like MAT, or XAT. Some institutions offer direct admission based on merit.
Regular Mode Universities For regular courses, students must have a valid entrance score and attend classes full-time. Work experience is sometimes preferred for executive MBA degree courses.
Distance Mode Universities Distance education providers like IGNOU require a graduation degree with minimum marks mentioned in the university prospectus. Generally, there are no entrance exams in open and distance universities. It allows a large number of students to enroll and pursue higher education.

MBA Economics Fees

The fees for an MBA Economics course in India can vary based on the university. Well-known institutions like IIMs and IIT charge approximately between ₹25–₹35 lakhs for the entire course. Mid-range university fees such as Symbiosis and Amity range approx. from ₹20–₹30 lakhs. Affordable options like IGNOU offer an MBA Economics fee estimated at ₹60,000–₹15,00,000. This makes higher education affordable for students of every economic background.

MBA Economics Duration

The general duration of MBA Economics in India is 2 years. The program is further divided into 4 semesters. Most of the universities follow a semester-based system that facilitates deep learning of the program. 

Additionally, some universities allow an extension of the course to up to 2 to 3 years to complete their education. The MBA Economics is also available in part-time, distance, or online modes of learning. Moreover, IGNOU and other distance learning institutions provide flexible durations to help working professionals manage their studies and jobs. 

MBA Economics Career Opportunities

The MBA Economics opens different career opportunities in various industries. After completing an MBA economics, you can work in finance, consulting, government, and corporate sectors with attractive salary packages. The table below provides an overview of career options, expected salary packages, and the industries hiring MBA Economics graduates

Career Options Salary Packages (INR per annum) Industries
Business Analyst ₹8–₹12 LPA Banking, Finance, Consulting
Financial Consultant ₹9–₹15 LPA Financial Services, Investment Firms
Market Research Analyst ₹6–₹10 LPA Market Research, Retail, FMCG
Economic Policy Advisor ₹12–₹18 LPA Government, Public Policy, Think Tanks
Corporate Strategist ₹10–₹15 LPA MNCs, IT Companies, Manufacturing
Risk Analyst ₹7–₹11 LPA Insurance, Banking, Consulting
Investment Banker ₹15–₹25 LPA Banking, Stock Market, Hedge Funds

Any graduate with an MBA Economics degree has a variety of opportunities in both the public and private sectors. After completing an MBA Economics, you can secure various high-paying jobs with excellent salary packages and business expertise.

Conclusion

MBA Economics is a great choice for students who want to combine business knowledge with economic expertise. Students who want to establish their own business can also prefer this course as their expertise. The MBA Economics opens up many career opportunities in top industries.

The universities listed above, like IIM Ahmedabad, IITD, and IGNOU, offer excellent MBA Economics programs. Choosing the right university and course can set you on the path to a successful career.

So, if you are passionate about understanding business and economics, an MBA degree course in Economics degree might just be the perfect choice for you

100% Free Counselling
Complete Your UG/PG Courses Quickly

What is 7+4?

Enquire Now
Download Brochure
Enquire Now
Get 100% Free Counseling