The finance sector is among the most important areas in our increasingly global world. Business economists play a key role in making sure the world’s economy continues to grow and businesses work at their best. But what is business economics, and why do people study the subject at university.
What is business economics?
Put simply, a business economists' job is to analyse an organisation’s current strategy and future plans using modern economic theory and data. Businesses will then use the results of the assessment to make better decisions and maximise profit.
Sometimes called managerial economics, the field works in collaboration with businesses to find solutions that can then be used to meet the economic goals of the business.
Why study business economics?
Business economics degrees are often popular subjects, especially in universities renowned for their business programmes.
On the International Bachelor Economics and Business Economics (IBEB) at Erasmus University Rotterdam, the number of first-year students nearly reaches 300 each year, many of whom are international (studiekeuze123) – so what makes business economics so attractive to students?
1. Career opportunities
Business economics students have plenty of options when looking for graduate jobs. Not only is there generally a good availability of jobs in the finance sector - both in Holland and around the world - but there are lots of different career paths to be taken, particularly for graduates from a world-class university like Erasmus University Rotterdam.
Business economics graduates go on to become economists, portfolio managers, corporate finance analysts, management consultants, financial advisors and more. Across banking, accountancy and trade, there’s likely a job for you.
As a graduate from a Dutch university, you would be eligible for a post-study work visa, so you can start your career in Holland. Find out more here.
2. International knowledge
By studying the IBEB programme, you will gain insights into finance around the world, including international events like the global financial crash, or how China’s economy is growing.
Employers that have a global presence, or those looking to increase their international outlook, may look at you more favourably if you can showcase your pool of international knowledge – it might also put you in good stead for career opportunities abroad.
3. Highly-desirable skills
A business economics degree will see you develop a range of desirable and useful skills for your career and in your personal life such as:
- Research and analysis
- Advanced mathematics and numeracy skills
- Knowledge of economic systems
- Problem solving and attention to detail
- Spoken and written English.
4. Combine economics and business
Studying a degree with a wider scope allows you to learn two different subjects in-depth. This, in the case of economics and business, has several benefits.
First, you will be able to take learnings from an economics module and use it in your business module and vice versa. This will improve your academic work and give you a richer understanding of your subject.
Studying both subjects allows you to discover which field you prefer studying and may help you decide on your future career aims. Depending on your degree, you may be able to choose modules, and tailor your course to suit your ambitions.
Graduating from a degree that covers both fields could give you an edge in a competitive job market too. Once you have a job, you will be then able to draw upon learnings from the two subjects, potentially making you a more well-rounded employee.
5. Inspire business success
Your future career is likely to have a high level of job satisfaction. As a university graduate, you will have up-to-date knowledge of economic and business theory, meaning you can put your ideas into practice straight away.
In most financial jobs, your work has a direct impact on business outcomes, so your hard work will help to inspire business success.
Study an International Bachelor Economics and Business Economics (IBEB) in Holland
The Netherlands is a great place to study an international economics and business economics degree. As well as the easy-going lifestyle and welcoming locals, the Netherlands has plenty to offer a career-driven student, like a generous post-study work visa, or more affordable courses.
What is the International Bachelor Economics and Business Economics?
At Erasmus University Rotterdam, the IBEB is a three-year programme that focuses on international economics and business matters. Taught in English, you will take modules in marketing, maths, strategy, analysis and accounting. Throughout the programme you will gain a deeper understanding of how companies influence the economy and be able to analyse that using quantitative methods.
Study in Rotterdam
Rotterdam is home to Erasmus University, ranked 72nd in the world – with the Business and Economics programmes at the University ranked 25th in the world (Times Higher Education World University Rankings, 2021).
Alongside its academic expertise, Erasmus also has plenty to do on campus – debates, performances and other events happen regularly here. If you would like to explore the Holland’s second largest city, Rotterdam is just 15 minutes away by bicycle.
Your pathway to Erasmus University Rotterdam
At the Holland International Study Centre, based in Amsterdam, we provide undergraduate pathway programmes to students who need some extra support before progressing to one of four top Dutch universities, including Erasmus University Rotterdam.
On the International Foundation Year in Business, Economics and Social Sciences, you’ll study a mix of subject-specific and English language modules, designed to give you the skills you need to succeed in your undergraduate degree.
Upon successful completion of the programme, you can progress to degrees in finance or humanities at one of our partner universities, including the International Bachelor Economics & Business Economics (IBEB) at Erasmus University Rotterdam.
Hear from our students and staff as they tell us about their International Study Centre experience, and why the IBEB programme is so valuable.
To start your Holland International Study Centre journey, apply now using our simple form. Alternatively, read about why so many international students choose Europe as their study abroad destination here.