Articles on MBE 1

Masters in Business Economics (MBE)
The Masters Programme in Business Economics (MBE) is a marriage of management and economics. The programme has carved out a niche for itself among the most coveted management programmes of the country. The popularity of this programme can be gauged from the fact that it is being offered worldwide, in over 30 universities, including the Harvard Business School. Factors such as globalisation, entry of mighty transnational organisations, convertibility of the rupee and free interest rates, have all made corporate planning an essential and significant aspect of any business activity. In this scenario, predicting the future of the economy has become an increasingly daunting task.To this end, this course aims at developing strong forecasting, problem solving and analytical skills for policy formulation and implementation in a dynamic economic, socio-political and technological environment. "Our country needs managers who should be able to think on a global perspective while, at the same time, not losing touch on local and regional issues and realities -- the need for `think global, act local' managers is going to be critical in the years to come, as India integrates with the global economy", says Dr Rashmi Agrawal, Head, Department of Business Economics, South Campus, University of Delhi.
The MBE programme The MBE is essentially an application-oriented course, based extensively on disciplines such as economics, commerce, management, mathematics and statistics. The syllabus includes organisational behaviour, systems analysis and operations management. The programme aims at developing skills for sound policy formulation and its implementation. "The programme aims to have an eclectic approach by combining the best in the field of management, economics and business administration," says Dr Lallan Prasad, Dean, Faculty of Applied Social Sciences and Humanities, South Campus, University of Delhi. The Programme provides students an opportunity to specialise in more than one conventional area of management. The students can opt for combination in any two of finance, marketing, systems and econometrics. At the end of the first year, every student is required to undertake practical training for a period of two months in a business or industrial house, government or research organisation. During their project work on significant aspects of business or industry, the students get an opportunity to observe a business organisation in actual operation and to sharpen their knowledge and skill. "The curriculum has been evolved after due consultation with practising economists and business executives. The syllabi of Australian, Canadian, British and American universities, where similar courses exist, were also taken into account for the purpose," highlights Dr Prasad. As per Dr Agrawal, "The Programme is specially designed to suit the requirements of the developing economies like India where the public and small sectors, together with the large private sector, have very important roles to play. The expertise of Business Economics would be very useful for the research and development wings of large industrial houses for policy formulation and day-to-day operations." The course invites business executives and administrators as guest faculty in order to provide a feel of real life situations and problems. The idea behind this academic-cum-professional interface, as according to the Business Economics faculty at the Delhi University, is to emphasise an active collaboration between the Department and specialised institutions. These specialised institutions include National Council for Applied Economic Research, Federation of Indian Chambers of Commerce and Industry, Associated Chambers of Commerce, Confederation of Indian Industry and Indian Statistical Institute. "This interactive method of teaching ensures that students develop a healthy attitude towards group work, while at the same time think independently, be value-driven and strive for excellence in their jobs," says Dr Prasad. EligibilityThere are 55 seats out of which 12 are reserved for SC/STs. The students are admitted to the course after a rigorous selection procedure which involves an all-India level entrance test followed by a group discussion and personal interview. For being eligible to appear in the MBE entrance test, you need to have at least 50 per cent marks or above in any of the courses that include BA (Hons) Business Economics, BA (Hons) Economics, B Com (Hons), Bachelor of Business Studies (Hons) and Bachelor of Business Administration (Hons). But in case of bachelors degree in any other subject like humanities, arts, sciences, engineering, medicine etc., you require to have at least 55 per cent marks or above. Students who have done Honours in language courses or in subjects with no mathematical or economics support are not eligible for this MBE programme. No student is qualified for admission to the MBE course unless he is 20 years of age before October 1st of the year of the application.MBE student exchange programme"The Department of Business Economics has always had a continuous and growing interaction with the industry. Over the years, the MBE students and the faculty have been organising conferences, conventions, industry and country seminars and other co-curricular activities to have a close liaison with the industry," says Dr Agrawal. "The Department attempts to facilitate learning by creating an environment where the students can grow to become socially conscious, disciplined, responsible and inspiring leaders of the future," Dr Prasad says. With a view to keep students abreast of global developments, MBE Department has recently established academic collaborations with various business schools abroad. Exchange programmes with French and Canadian management institutions are currently underway. "We have a placement cell that provides services to all MBE graduates. Till date, we have maintained our record of 100 per cent placement. Our MBE alumni is doing exceedingly well at coveted positions in various public, private and international organisations. For instance, many of our students have been working as financial analysts with IMF, World Bank and European Economic community," Dr Agrawal further says. As far as the employment scope for the students of MBE in the academic line is concerned, the Department of Business Economics has provided support in setting up the Bachelors programme in Business Economics at six colleges in Delhi including Guru Gobind Singh College, Khalsa College, Agrasen College, Atma Ram Sanatan Dharam College, College of Vocational Studies and Ambedkar College.


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