BSBA in Business Economics in the Philippines

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Program Overview

Bachelor of Science in Business Administration major in Business Economics (BSBA-BE) is a four year degree program that aims to equip students with an understanding of key economic concepts and theories. The program includes topics on banking, investments, business processes, international economics and human resources economics.

Students under the BSBA in Business Economics program will learn how financial markets work, how products are manufactured, where resources come from and how resources and goods are distributed. The program also emphasizes the application of economic concepts and the use of critical analysis to the solution of economic and managerial problems.

Compared to the generic BSBA curriculum, which is a broader business degree incorporating finance, accounting, strategy, marketing, HR, and other business functions, the BSBA-BE program puts an emphasis on economic issues and problems that affect business organizations, management and expansion. The program centers on teaching students the relationship of firms with the providers of capital, the customers and the government as well as the interactions between firms and the business environment.

Subjects and Curriculum

The subjects in the BSBA in Business Economics curriculum include:
  • General Education core
    Language and Humanities Cluster, Mathematics, Computer and Natural Science Cluster, Social Sciences Cluster, Mandated Subjects
  • Basic Business Core
    Principles of Management, Human Behavior in Organization (HBO), Principles of Marketing, Accounting 1, Business Communication, Basic Finance, Computer
  • Business Education Core
    Basic Microeconomics, Accounting II, Business Law (Obligation and Contract), Taxation (Income Taxation), Total Quality Management, Human Resource Management, Social Responsibility and Good Governance
  • Business Economics Professional Courses
    Basic Macroeconomics, History of Economic Thoughts, Advanced Microeconomics, Advanced Macroeconomics, Managerial Economics, International Economics, Project Development Management, Strategic Corporate Development
  • Elective Courses
    Economic Development, Mathematical Economics, Economic Statistics, Current Economic Issues, Operations Research, Industrial Economics, Monetary and Fiscal Economics, Economic Research, Labor Economics, Environmental Economics, Agricultural Economics, Entrepreneurial Management, Special Topics on Business Economics

The BSBA-BE program is taught to students through classroom lectures, case analysis and business presentations that requires students’ assessment in applying concepts learned. Aside from this, students are exposed to educational talks and seminars.

At the end of the program, students are expected to successfully complete their proposed thesis and finish their On the Job Training.

BSBA in Business Economics vs AB in Economics

The main difference between BSBA in Business Economics and AB in Economics lies in their curriculums. Being a business degree, the BSBA-BE’s curriculum centers around integrating numerous mathematics and business subjects. The AB in Economics curriculum is more focused on integrating liberal arts subjects together with a number of economics subjects.

Both programs are completed within 4 years; they also have the same basic admission requirements, and students of both programs are required to complete an On the Job Training (OJT).

Is Business Economics a profession?

Business Economics is not considered a profession. A graduate of this program will most likely be employed in private corporations and companies in fields such as consulting, administration, analytics, research, management and even marketing. These careers are not considered professions because they do not require a specialized set of knowledge and skills, nor do they require a government certification.

Admission requirements

Requirements at each school may differ, but usually the standard college entry requirements apply:
  • Must be a high school graduate.
    Those who did not complete high school education may opt to first attend Alternative Learning System (ALS) and pass the Philippine Educational Placement Test (PEPT) to qualify for college. However, some universities only offer selected courses for PEPT passers
  • College entrance exam: must pass the college entrance examination with a specified rating set by the school.
  • Interview: must pass the interview conducted by the college dean/faculty.

What skills and traits will help you succeed in this course?

  • Analytical skills – the ability to solve both complex and uncomplicated problems and concepts and make decisions that are sensible and based on available information.
  • Inclination to Mathematics – there are subjects in the program that require the use of mathematical concepts and operations thus it’s very important to have a foundation in mathematics
  • Problem-solving skills – the ability to identify, assess, create alternative solutions and solve the actual problem while continuously evaluating for outcomes.
  • Reading Comprehension – understanding written sentences and paragraphs in work related documents.
  • Computer Literacy – knowledge of computer use and being able to understand application programs.
  • Communication skills – written and oral communication skills; a strong command of the English language is important because your work will involve dealing with different kinds of people.

How difficult is this program?

BSBA in Business Economics is a fairly difficult course. The first two years easier as subjects are fairly basic and economics subjects are not as demanding. However, during the 3rd and 4th years, the course become more difficult because the economics subjects are more complicated and require a greater amount of mathematics and graphing. Also, the last two years of the program will be more difficult because students will be doing a lot of projects, completing their undergraduate thesis paper and completing the hours for the On the Job Training (OJT).

How long does it take to complete this program?

The BSBA in Business Economics program takes four years to complete (Note: this may change due to the K-12 integration). The program may be completed in less than 4 years in schools that follow the trimestral curriculum.

On the Job Training (OJT)

During the 2nd semester of the fourth year, students of the BSBA in Business Economics program are required to attend an on the job training (OJT) in a private corporation, business establishment or public agency. During the OJT, students are given the opportunity to apply their knowledge and skills in actual settings. The OJT program is done under the supervision of a designated authority in the establishment/office which will evaluate the student periodically and submit the evaluation form to the assigned faculty member.

The number of hours required for the OJT varies from one school to another.

Civil Service Examination (CSE)

There is no board examination for graduates of the BSBA in Business Economics program. However, there is a competency examination that is taken by some graduates of this program, called the Civil Service Examination (CSE) which is conducted by the Philippine Civil Service Commission (PCSC). to be qualified to work in government offices, you have to take and pass this exam.

Career Opportunities for BSBA-BE graduates

  • Management Trainee – responsible for working alongside managers and accepting delegated responsibilities and duties with the goal of eventually becoming a manager
  • Credit Analyst – assess and make decisions about customer credit applications using a range of criteria including purpose of application, credit viability, customer payment history, customer credit-worthiness etc.
  • Research Assistant – use multiple streams of data to find information. They use the internet, surveys, legal documents, and other published research to help the person they are assisting collect information.
  • Claims Adjuster – responsible for handling insurance claims filed by policyholders. Plans and schedules work needed to process claim, interviews claimant and witnesses, and investigates claims.
  • Stockbroker – buy and sell securities (e.g. stocks and shares) on a commission basis on behalf of private and commercial clients.
  • Commodity Analyst/Trader – conduct quantitative analysis of information affecting investment programs of public or private institutions.
  • Economic Researcher – carry out research, studies either by him/ herself or in a team under the guidance of the team leader.
  • Market Research Analyst – responsible for interpreting data, formulating reports and making recommendations based upon the research findings. To accomplish this task, the Market Research Analyst works with the client (either internal or external) to understand, define and document the overarching business object.
  • Compensation/Benefits Coordinator – handling the administrative requirements of employee benefit plans is the major function of the benefits coordinator.
  • Business / Economics Teacher – teaches business or economics at a university or college
  • Statistician – concerned with the collection, analysis, interpretation and presentation of quantitative information.
  • Corporate Planning Analyst – work in a variety of settings and are typically involved in analyzing and reporting information for long-range strategic corporate forecasting or new corporate ventures
  • Financial Analyst – provide financial analysis and accounting support, and assist management teams by developing performance reports and metrics for use in long-term, annual and quarterly planning.
  • Investment Analyst – keeping up to date with market developments, new investment products and all other areas that can affect the markets, e.g. movements in the economies of relevant countries
  • Bank Research Analyst – responsible for analyzing companies' annual results to assist in the making of sound investment decisions.
  • Microeconomist – study individual companies or people. They look at supply and demand to find out how to maximize production, for example, or to project how high the demand for a particular product would be.
  • Financial Economist – strongly correlated to macroeconomists, financial economists study interest rates to see their effect on banking systems.
  • Economic Analyst – complete or oversee a variety of assignments to evaluate and model the economy, the labor market, utility and insurance rate structures, agriculture production and the generation of tax revenues. Typical work is performed by reviewing and analyzing economic data to prepare reports detailing the results of performed research.
  • Investment Counsellor – advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate.
  • Business Economist – work in manufacturing, mining, transportation, communications, banking, insurance, retailing, investment, and other types of organizations. They also work in trade associations and consulting organizations.
  • Government Economist – serve in a wide variety of positions involving analysis and policy making.
  • Agricultural Economist – conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy.
  • Revenue Management Analyst – play an important role in a company's business growth by helping maximize revenue and bringing to attention any issues regarding accounting, business procedures, or finances.
  • Chief Economist – responsible for the development, coordination, and production of economic and financial analysis; it is distinguished from the other economist positions by the broader scope of responsibility encompassing the planning, supervision, and coordination of the economic research.
  • Econometrician – responsible for the design, development, maintenance, evaluation and replication of short and long-term economic models, for the purpose of developing economic forecasts or simulations
  • Economics Advisor – advise and undertake the necessary activities for the preparation performance reports on various sectors of the national economy
  • Macroeconomist – look at the economy as a whole to find long-term, overarching trends throughout history. They can then make generalizations and draw conclusions about investment productivity, inflation, unemployment, etc.
  • Organizational or Industrial Economist – examine the markets of individual industries, studying competitors and making predictions based on the decisions of competitors. They may also be involved in protecting the industry against trusts and monopolies
  • Demographic or Labor Economist – look at trends in salary, such as how it’s determined, and the need for labor. They are especially interested in causes of unemployment and the results of changes in demographic, such as a baby boom, on labor.
  • Public Finance Economist – look at the government’s involvement in the economy, such as taxation, deficits or surpluses in budget, or policies concerning welfare.
  • Management Consultant – help organizations to solve issues, create value, maximize growth and improve the business performance of their clients. They use their business skills to provide objective advice, expertise and specialist skills which the organization may be lacking.

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Reviews of BSBA in Business Economics graduates:

list bulletWhy did I choose BSBA in Business Economics: I chose to study this particular course because economics is a flexible course. You will be able to touch Marketing, Finance, Human Resources, and even understand entrepreneurship.

list bulletAbout my college education: The course for me was challenging. At times, you would find it difficult but interesting. There is a thrill once you are in this course especially when you are around your cool professors. It is fun in the sense that sometimes you would find each situation congruent or at least comparable to the theories you study inside the class. For you to survive and succeed in this course, you need to be analytic and open for possibilities. You need to be a fighter to finish this course. I tell you, it would be difficult but everything would be worth it.

When you are an economics graduate, you fully appreciate the role of the government together in partnership with private entities. Moreover, you get to know what causes poverty and it gives you a chance to understand on how you could fully help in poverty alleviation.

list bulletMy current job: I am a Research Analyst at Republic Biscuit Corporation. I do technical research on market data and determine the veracity of the data gathered.

list bulletAm I using what I learned in college: What I have learned in college is very helpful in my current job. It enabled me to think out of the box, it enabled me to be an asset to the company I'm working with. The analytical side of me have been very helpful. The way I deal with things is more strategic.

list bulletHow long did it take to find a job: It took me 2 months to find my ideal and right job after graduation. I could say that there was a lot of offers and calls even before graduation but of course, I still had to consider standards before accepting the job offer.

list bulletDo I recommend studying BSBA in Business Economics: The employment opportunities after you graduate are endless. For sure, you could have numerous job titles because this course is flexible. The salary level is good and benefits are maximized for every economics graduate.

list bulletAdvice to people who are thinking of studying this course: My advice for those people in considering studying in this course is that, be ready to face hundreds of real economic situations that would show up as you participate in the course. Do not give up because at the end of the road, everything is priceless. It is fulfilling. Every theory comes naturally to you that you can relate it to your real life situations.
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