Business economics is the study of data and theory and the effect it has on a business, industry, and the economy as a whole. A degree in business economics requires a strong mathematical course load. You will take classes such as statistics, microeconomic theory, macroeconomics, probability, and many more. As an economics major, you’ll analyze data and study economic trends to help companies in several industries, like banking, trade, energy, finance, government, and every other company that relies on a strong economy for success. Don’t feel like going corporate? You could give back to the education space as a teacher or a researcher.
Business economics is a very left-brained career path as attention to detail and data are crucial for success. And getting your foot in the door could take more than just an undergraduate degree. Most economics careers require a master’s degree, which is completely worth it since the media pay in 2016 was $101,050. As statistics is so important for the job, you’ll be happy to hear the job outlook is keeping on pace with the rest of the economy, with an estimated growth of 6% throughout the next year.
|School||Average Tuition||Student Teacher Ratio||Enrolled Students|
|University of Michigan-Ann Arbor Ann Arbor, MI||12 : 1||48,090|
|Northwood University Midland, MI||56 : 1||2,934|
|Grand Valley State University Allendale, MI||21 : 1||24,033|
|Oakland University Rochester Hills, MI||31 : 1||19,013|
|Western Michigan University Kalamazoo, MI||25 : 1||21,470|
|Eastern Michigan University Ypsilanti, MI||25 : 1||17,784|
|Hope College Holland, MI||13 : 1||3,056|
|Olivet College Olivet, MI||25 : 1||1,120|
|Saginaw Valley State University University Center, MI||29 : 1||8,251|
|Andrews University Berrien Springs, MI||16 : 1||3,390|