The Bachelor of Business Administration program includes an Economics class, which prepare students for a job in a range of industries, governments and non-profit organizations.
At the Economics Major, the students learn the cost-benefit analysis and understand how people agree on the use of scarce resources and the implications of such choices on businesses and other stakeholders. Graduates are taught to learn three important skills: analytical reasoning used to resolve problems, interpretation and data analysis, and written and verbal presentations of concepts. Such skills tend to be valuable and quick to pass into a variety of settings in the private and public sectors of the country, both at the personal and the company level.
Economic knowledge allows students to track and research developments in specific countries or sectors of the economy. This leads to basic questions about the nature of economic decisions and to plans to change government policies. The program covers international trade, economics, money, banking and financial institutions and force globalization.
A BBA in economics gives students an introduction into economics more technically. The BBA is usually offered by the School of Economics of the University. The BBA is particularly appropriate for students who want to reach the labor market immediately after graduation. The BBA is also ideal for students who want to do entrepreneurship at the professional level and who want to obtain a Master’s degree in business management.
Opportunities for career-
BBA Economics major graduates are involved domestically and internationally in federal and provincial governments, crown corporations, the business sector, especially in the financial services sector and many other private sector initiatives where critical thinking is needed on costs and benefits. Students are eligible to work as policy analysts, market analysts, intelligence experts, research assistants, financial analysts, bank managers, compliance managers, real estate analysts, strategists, property marketers, stock agents and researchers, defense dealers, insurance brokering firms and financial officers.
BBA employment opportunities in economics
1. Financial risk or investment analyst-
Deciding whether the company will pay work: for insurers or brokerage firms, hedge funds, public sector Financial risk assessors conduct an organization’s risk management mechanism to analyze and predict incidents that could adversely affect entity financial stability.
An analyst of financial risk can make decisions in four major risk fields, including credit risk, regulatory risk, operational risk and market risks.
The duties of financial risk analysts include:
- making suggestions to reduce or control risk issues;
- forecasting, monitoring, and keeping up-to-date with market trends;
- collaborating with traders and assessing the risks associated with specific transactions;
- analysing the economic implications of factors such as natural disasters, weather, etc.
Business consulting firms, policy Auditor is responsible for the review of business performance and budgets of utilities and organizations. The auditor’s task is to collect and verify that the financial statements and records are true, lawful or fair.
When the audit is complete, the auditor shall prepare a report offering a summary of the company or organization’s financial situation and may also serve as a consultant to recommend risk management and cost savings strategies.
Some of the main tasks auditors have are:
- collecting financial data by inquiring management and other employees;
- understanding processes and policies of the organisations;
- analysing all types of financial documents, including account balances or classes of transactions.
3. Economic consultant- Understanding where trade and economy head: financing companies, research institutions, public and private entities Economic consultants analyze economic and statistical data in a particular field of expertise, such as finance, labor, agriculture and so on, and carry out various studies on the economic phenomenon and possible scenarios.
In addition to conducting comprehensive research using mathematical and statistical methods, business consultants make recommendations, policies or strategies to solve or interpret economical problems.
Economic consultants are in charge of:
- analyzing industry trends, that will influence expansions and investments for corporate clients;
- assessing economic damages, analyse intellectual property and antitrust violations;
- reporting research on economic issues;
- studying the socioeconomic impacts of new public policies (legislation, taxes, services, and regulations).
4. Financial manager- Lead the path to performance Work for: any kind of corporation, public sector A Financial Director is a manager who assists the members in all divisions of one company and ensuring that the entity meets its financial goal.
Using excellent communication and analytical skills, financial managers will plan financial reports, acquisitions and develop strategies to maximize the company’s revenue.
In many ways, financial managers, including banks and insurance companies, can find jobs.
Common duties of financial managers are:
- preparing and reviewing company financial reports;
- making sure legal requirements are met for all financial details;
- supervising employees from the financial/budgeting department;
- finding opportunities for expansion or for acquiring other companies
In your career, you can improve key skills through a Bachelor’s in Economics, such as strategic problem solving and excellent communication skills and unmatched research-driven decision-making.
Since 2003, the Department of Economics has awarded a Dr. Jixin Xu scholarship to university deserving students with a BBA degree in economics. Such graduates were sometimes paying tutors or academic staff, and took advantage of these opportunities for land access to reputable high-schools and law schools and jobs according to their credentials at the provincial and federal levels. Studies in economics include students from the London School of Economics, Mcgill University, Calgary University, Carleton University, UBC Law, UVic Law, etc.