Benefits Of A Business Economics Major

The Business Economics major is a great complement to another major or minor in business, political science, history, accounting or marketing. Economics not only studies economics research and economics financial systems, but also social issues like poverty, pollution, inflation, unemployment, recession and economic growth.

Top market economists are analytical problem solvers who are useful in almost every major industry. They study how the optimal amount of production can be achieved to meet society’s needs. They study market forces that shape financial decision making. They look at how politics affect the commerce marketplace. They look at data to forecast, analyze trends and apply their understanding to a whole range of public issues.

To get an undergrad degree in Business Economics, students attending an accredited economics university will need to take courses like macro economics, microeconomics, financial accounting and reporting, calculus, economics statistics, econometrics, money/banking/credit, business writing, the stock market, labor economics, monetary economics, international trade theory, law and economics, industrial organization, economics and business strategy, organizational psychology, formal organizations and politics and the economy. Students should have a good understanding of math, politics and business. People often choose this major because they want a good job, they want to make a lot of money, they want to be a manager or CPA, they want to have a secure job or they want to get into a good graduate school.

The common starting salary for economists is $38,000 for a bachelor’s degree, $48,000 for a master’s and $70,000 for a PhD, according to a 2002 National Association of Business Economics survey. Those with an economics major enjoy the highest median income compared to other majors, experts say. Economics research also suggests that economics majors earn 20% more than business administration majors, 19% more than accounting majors, 18% more than marketing majors and 15% more than finance majors. When a potential employer sees this major on a resume, he or she immediately understands that you have a solid foundation of math, politics, business and economic theory. Your degree also shows that you have the capacity to process complex subjects and it highlights your problem solving skills, which is valuable in any field.

Individuals with a degree in Business Economics have been recruited by employers like the California State Controller’s Office, Cerner Healthcare Information Technology, Coca-Cola, Consolidated Graphics, Deloitte Services LP, Edward Jones, Enterprise Rent-A-Car, Ernst & Young LLP, General Mills, Inc., Insight, JPMorgan Chase & Co., Liberty Mutual Insurance Group (MA), Medix Staffing Solutions, PetSmart, Raytheon, Sherwin-Williams, Travelers Insurance and Wells Fargo Financial. The economics field is expected to grow 7% by 2016, adding another 16,000 workers. People with bachelor’s degrees can get almost any entry-level job in business. Master’s degree holders generally compete for sales and management trainee positions. Those who hold PhD degrees often go on to teach or become top market analysts in their fields.

3 Common Reasons Your Housing Loan Application Can Be Refused

Unless you are cash rich, you would look to leverage on a housing loan to purchase a home. Getting an approval for a housing is never a certainty. There are many situations where home buyers can have their applications rejected outright by the mortgage lender. When that happens, a lender may inform you of the reasons why your application had been declined or not even give you service call to inform you of their decision.

These are some common reasons that housing loan request are declined by the mortgage lender.

1) Being a guarantor for a relative’s loan

One of the most common reason that terms your personal financial position as over leveraged is by signing as a guarantor for another individual’s loan. There are many reasons for this to happen. It could be that you nephew needs a guarantor for an education loan, your spouse included you as a guarantor for an auto loan, your dad needed you as a guarantor for a recent investment property loan, etc.

At the point of signing on, it is normal to think that these circumstances will not affect you in any way. But it can have a great effect on your loan applications in future, including your housing loan. Unless you have a high personal income, obtaining attractive housing loan terms can be frustrating.

A mortgage loan is a very significant personal financial commitment, the mortgage lender will be concerned with your personal financial leverage when assessing your application. And because you are a guarantor for other loans, those can be taken into consideration when calculating your personal debt ration. A higher ration can deem your personal financial leverage as undesirable.

2) Negligent on material information

Our personal finances are very private information. As wealth is a symbol of social status, many people may be a little embarrassed about revealing the full details of their current financial position, especially if they perceive their personal credit record as one that is adverse. However do note that a mortgage broker or a mortgage officer is there to help you obtain your desired mortgage. It is their job and they will be delighted to be able to acquire a deal for you that you will be happy with.

Because of the nature of their job scope, they have seen a number of applications and have experience on what to look out for in your application. So when you are probed on personal financial information, be open in sharing them so that an officer will know the best course of action to help you obtain an approval for your housing loan.

Do not think that some information requested is not important. Unless you are the mortgage underwriter, you will have little idea on the assessment criteria required. When possible issues are raised by your mortgage officer, you can get them resolved before processing your application. Working on adverse issues only after your housing loan has been declined may be too late.

3) Outstanding arrears and credit card bills

Because a housing loan is a secured loan, you may be complacent on thinking that it is one of the easiest forms of loans that you can get. You may even think that you personal credit record is of little importance since the mortgage lender should feel save since there is a valuable collateral involved.

That is not the case. Your personal credit record can have great effects on how flexible a mortgage lender is willing to be with you. This is especially so when you are a new customer to the lender. They have not dealt with you before and the only way to fairly judge your financial behavior is to assess your credit record. When it shows that your current auto loan and credit card bills are late by 3 months, it does not reflect nicely on how well you manage your finances. You can be penalized with an outright rejection or offered more unfavorable terms because of the additional risks put on the lender. Always ensure prompt payments on your personal credit facilities at least 6 months before your housing loan application.

Advantages Of A Business Directory

Registering in a business directory is a very wise move to increase the prospects of any business. As the Internet has made everything very accessible, registering in an online business directory can be very beneficial to the local businesses.

Who does not want to expand one’s business in this rapidly burgeoning economy? Of course, everyone does wish the concerned businesses to prosper and soar high. To make that happen different people employ different strategies. Where some people distribute their pamphlets, cards or offer various promotional services and products, some people merely just register themselves in a good business directory.

If you are looking forward to further the prospects of your local businesses then registering yourself in a business directory is a very wise way to advertise and become known to the masses. Business directories are really beneficial in promoting local businesses of an area thereby improving the sales of their services and products. These days the facility of online business directories is also there. Thanks to the advent of Internet, that has made connecting to masses so very accessible.

An online business directory has lots to offer if you get registered with them. The major advantages of getting registered in an online business directory are:

• It promotes the visibility of your local businesses in higher place in comparison to their competitors who are still employing the ancient methods of advertising, i.e., in the yellow pages and newspapers.
• It strengthens your relationships with the existing buyers, customers and clients by updating valuable information regarding your company online.
• You can acquire the customers of your competitors, as your company will be much more visible and updated attracting and promising the customers of quality services.
• You can always remain in the sight and mind of your customers by offering only website coupons and special promotions.
• There are no restrictions regarding the quantity of the content that you can include in the business directory.
• You can also upload your product’s pictures, menu and service records along with your very own business URL.
• You can add the business directory’s website address on your business cards so that customers find it very easy to access you and thus avail your services.
• You can keep the prospective customers duly informed about tour new products, business hours, special offers and discounts.
• A business directory also submits your company’s Internet page to the leading search engines that helps to increase your website’s quality traffic flow.
• As increasing number of consumers are availing the facility of the Internet, it is very easy for them to spot your company and seek services.

The best part about getting registered in an online business directory is that once you have registered, you will keep progressing as your business is exposed to a large populace inland and abroad. Moreover, you do not even need to possess a personal computer to keep checking your company’s status on the online business directory, and you merely have to avail a hosting service for Internet, some technical skills or ISP to make the best possible use of this facility.

After you have registered in an online business directory, the sales quotient of your business will improve considerably and you can happily cater to the needs of your clients.