Business economics is a branch of economics that studies business enterprises. Graduates of business economics degree programs are trained in such fields as corporate strategy, managerial economics, finance, financial markets and accounting. There is a range of jobs that holders of degrees in business economics are qualified to do, both in the private sector and in government.
Business Journalism
Some business economists pursue a career in journalism. They can work as economics editors, business reporters and financial reporters. Economists working at these jobs follow the recent developments in financial markets and business. They cover stories of mergers and acquisitions of large companies, flotations on the stock market and stock and oil prices.
Finance Jobs
The financial sector also welcomes holders of degrees in business economics. One of the most popular job titles for a business economist is financial analyst. As the job title suggests, financial analysts process and analyze data of a financial nature, such as loans and financial assets such as stocks, bonds and commodities.
Public Sector Jobs
Although business economists primarily study private firms, the government also needs these professionals. Some business economists find employment in the Federal Reserve, calculating business activity of firms and projecting such data as inflation and productivity. Others find jobs as city planners, determining the best uses of land to promote livable communities. Still other business economists work as researchers or analysts at different government agencies, for example the U.S. Bureau of Labor Statistics, where they have to compile and analyze data from the private sector.
Jobs in Non-Profit and International Organizations
Non-profit organizations often do research and work in areas that require the skills of a person with a degree in business economics. For instance, Open Societies Foundations, set up by George Soros, a well-known investor, often conducts research into what makes businesses succeed and how businesses can strengthen democratic societies--the job that requires a strong knowledge of economics of business. In addition to jobs at non-profit organizations, persons with a degree in business economics are hired by the World Bank and the International Monetary Fund, or IMF.
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