In business, knowledge really is power, so those who understand the business world, stock market, and economic systems of the globe will be well-equipped to become good business economists. In general, the best business economists will have university degrees in both business (an MBA program - a Masters in Business degree - would be ideal) and economics.
In fact, some economists will pursue degrees right up to the doctorate level; this sort of educational background gives business economists the scope, historical detail, and deep knowledge they need to recognize patterns in economic and business cycles; it also gives them the skills to predict exactly which businesses will thrive or falter in different economic climates.
These sorts of analysts may work in the financial industry, or they may lecture at colleges and universities; business economists may also write columns for newspapers and popular websites, such as the Huffington Post or the New York Times. Writing books and appearing on television (for example, there are business economist "talking heads" on CNN) is also a possibility.
However, you may also find business economists running their own businesses - after all, they've learned what works and what doesn't, and they may have excellent instincts regarding exactly which investments and partnerships will succeed or fail. Business economists are not generally very creative, although they have been trained to see the big picture - they may need "idea men" to supplement their practical skills as they try to succeed in the business arena.
Generally, most typical business economists will be practical, but they will also have vision, because they have extensively studied the patterns and cycles of business and economics throughout the decades. As consultants or pundits, these skilled analysts can offer valuable insight that may help others to make money and avoid financial disasters.
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In fact, some economists will pursue degrees right up to the doctorate level; this sort of educational background gives business economists the scope, historical detail, and deep knowledge they need to recognize patterns in economic and business cycles; it also gives them the skills to predict exactly which businesses will thrive or falter in different economic climates.
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These sorts of analysts may work in the financial industry, or they may lecture at colleges and universities; business economists may also write columns for newspapers and popular websites, such as the Huffington Post or the New York Times. Writing books and appearing on television (for example, there are business economist "talking heads" on CNN) is also a possibility.
However, you may also find business economists running their own businesses - after all, they've learned what works and what doesn't, and they may have excellent instincts regarding exactly which investments and partnerships will succeed or fail. Business economists are not generally very creative, although they have been trained to see the big picture - they may need "idea men" to supplement their practical skills as they try to succeed in the business arena.
Generally, most typical business economists will be practical, but they will also have vision, because they have extensively studied the patterns and cycles of business and economics throughout the decades. As consultants or pundits, these skilled analysts can offer valuable insight that may help others to make money and avoid financial disasters.
