The Business Economics program gives students a solid understanding of today’s global business environment and market structure. It combines in-depth study of economic theory with business applications within an ethical framework. Students acquire the analytical and problem solving skills needed to investigate and critically evaluate economic trends and business conditions. Our program is designed to prepare students to succeed in business and government careers, graduate schools, law schools as well as to become better-informed and productive citizens.
Interesting classes you might take:
- Global Financial Markets and Institutions
- Econometrics and Econometric Forecasting
- International Economics
- European Economic Development
- Public Finance
- Health Economics
Unlike many peer institutions, students in Business Economics at WCOB are required to take an Econometrics class that prepares them for the increasingly applied and data driven business world today.
All courses have small class sizes and are taught by prominent faculty who are internationally recognized scholars and experts with a passion for teaching. For the principles courses, class sizes are capped at 32 students while higher level courses are capped at 26 students. The economics faculty members are a group of scholars, practitioners and board members. They are committed to providing the knowledge and skills required to pursue a career in economics. The faculty research and publish on microeconomics, macroeconomics, health economics, labor markets and financial markets and have extensive professional experience at corporations, banks, and governmental institutions in the United States, Europe and Asia. In recent years, the Economics professors have received several grants for prominent organizations such as CME group and others. As a contribution to your marketability in today’s job market, the Business Economics program integrates theory and practice. We provide the course work, knowledge, networking, tools and internships to help you pursue a wide-range of business careers. Our interns and graduates are consistently cited for their strong preparation, knowledge, technical skills and ability to work effectively in teams.
The major also offers students the ability to learn in the Problem-based Learning (PBL) Lab, an experiential learning program designed to expose students to real-world business problems requiring real-time applied solutions. In this lab, local businesses provide real projects for our students to complete. Projects range from consulting, marketing, analysis, research, pricing, economic impact studies, branding and product development. The program is designed to mutually benefit our students and the local business community, by providing high-quality business solutions to some of today’s complex business problems.
The educational objectives of the Business Economics program are to enable students to:
- Interpret current economic events and conditions confronting society (e.g. deficits, inflation, unemployment, poverty, economic growth)
- Understand the economic factors affecting individuals (e.g. wages, cost of living, taxes)
- Gain an understanding of how economics impacts the decision-making process of firms.
- Develop an awareness of the ethical dimensions of economics
- Acquire the analytical skills needed to investigate and critically evaluate economic effects of various policy actions at the local, state, national, and international governmental levels
Yes, internships are required of all business economics majors and are widely available. The SHU WCOB internship is unique in its focus on development and enhancement of job search, interviewing and career assessment skills as well as experience in the field. The internship experience is recorded and assessed using a portfolio approach. At the conclusion of the internship, you will re-evaluate skills, career goals and career development needs in light of the experience.
Companies our students typically intern and/or find employment with:
- General Electric Corp. and GE Capital
- People’s United Bank
- Bank of America
- The World Bank
- EuroPacific Capital
- US Trust
- Blum Shapiro
- PriceWaterhouse Coopers
Our graduates have pursued careers in corporations (General Electric), banks (Fleet Bank, SBC Warburg, People’s Bank), became successful entrepreneurs (Sage Work Inc.), entered Ph.D. programs and various law schools.
Here are just a few of the careers you may pursue with this degree:
- Business leader
- Government official
- Business analyst and/or forecaster
- Financial/investment analyst
You may also choose to pursue a graduate level education. Among others, our students have been admitted to:
- George Washington University Law School
- Suffolk Law School
- University of Connecticut PhD Program in Economics
- Fordham University PhD Program in Economics
Employment Resources & Websites:
- The Occupational Outlook Handbook – information about salaries and what economists do
- National Association of Colleges and Employers – starting salary information
Yes, students are required to write research papers in the required Quantitative Methods course as well as the elective Economic and Financial Forecasting course. The research work in the forecasting course usually emphasizes the state of the economy of Connecticut. This full report on the CT economy has attracted attention of CT government and private businesses.
Students have opportunities to join several clubs including the Finance and Economics club and Rotaract Club. Each fall students are invited to participate in the Fed Challenge competition. In addition, students routinely travel to various corporate headquarters, Federal Reserve Bank in NY, United Nations, and other private business offices as part of the Welch Experience.
Students have the opportunity to utilize a state of the art computer lab in the newly built Frank and Marisa Martire Business & Communications Center. The College of Business provides Bloomberg Terminals and in-depth access to economic data through subscribed databases such as Datastream and Compustat.
Yes, study abroad opportunities are available through the university. Business Economic students have studied abroad in places such as Luxembourg and Ireland.
No, we have an open admission policy. Incoming first-year students and transfer students may declare the Business Economics major when you apply for admission to Sacred Heart University.