Economics vs business degree reddit I have been thinking of going to graduate school in economics. Economics would be the statistical market analysis. Bachelor of Science econ students had to take more courses in calculus, statistics, Hey there! It's great to see you're exploring different majors. I reckon I've literally never used a single iota of information from any of my macro or micro classes. you studied political economy at a decent uni and really enjoyed the economics part, so you apply at a really good uni for an MSc in Economics, OR you studied If you think you are interested in both then econ is enough to show you have some econ/business knowledge and people will be impressed with technical level of data science degree. I could take business calc this upcoming I started in investment banking. 55, but it’s a customer service job and I’m trying to get away from that. Idk how to explain this to non-targets honestly That being said, LSE does offer BSc Finance, but it's mostly structured like financial economics I'd say (just by looking thru their module catalogue here) and understanding finance thru the lens of an economist, NOT thru the lens of a public markets PM like the CFA, or the lens of a regular financial analyst like any other non The truth is though, typical prestigious business career fields are very prestige-whorey. level to get into business/data-type careers. Having done both, I can unequivocally say that business disciplines (marketing, econ, finance, management, etc) are an absolute cakewalk compared to engineering. Lots of Economics You will do fewer BSc economics modules but even in this regard most mathematics degrees will offer stuff like game theory, optimisation, financial mathematics, statistics which are all relevant All the business, accounting, and public admin major/minors have to take economic courses. I’d steer away from accounting since it’s one of the more academically rigorous business related paths you can take, assuming your husband would want to avoid that. As a result, many consulting firms, If I decide to go into computer science, I will apply to colleges such as CMU, Cornell, GA Tech, UT Austin, Princeton, UW, Columbia, UMich, UCLA, etc. It has mathematical economics, statistics, a little bit of accounting, and a bit of business. you studied political economy at a decent uni and really enjoyed the economics part, so you apply at a really good uni for an MSc in Economics, OR you studied I had the core subjects: Accounting A, Statistics, IBP, Economics for Business 1. Also, a commerce In general, the economics major is not uniquely difficult. I'm hoping to get some insight from those who have walked these paths before. However, if youre set on economics then go for that! I wasn’t yet at the time. Consider then that Stats is much more diverse and I am about to go to university but I am stuck between choosing CS or Economics. Reddit's largest economics community. I already have a job without a degree making $16. About a third of students graduate with a degree in economics, so mathematically it can’t be much harder than average. It’s going to vary on the business/industry as well in regards to what positions they value and where they see progress for that position (if any). I never had problems with finding a job or getting the payments I want. Economics might look better to universities, but what looks best is a high score. An MBA without work experience is pretty much the equivalent of an undergrad business degree and you won’t be able to get into a good program without work experience. TL;DR economics does use a good deal of mathematics, even compared to a field like physics Take business if you think that is going to be what you engage with the most, you'll do the best in subjects you find interesting. I'm just finishing up a degree in Business Studies with Economics, my regret is doing the Business Studies bit. Econ will open more doors for you in your career as it’s preferred by large businesses, but having worked in recruitment for a number of years, any degree will give you a leg up in life half the people I place have a completely irrelevant degree to the job that they’re doing. With that said, if you spin it the right way, you could also use a psychology degree for a career in business, especially HR. The real choice is between which uni. however, as much as it is my passion, i also have to consider practicality since di tayo mapapakain sa ekonomiyang ito ng puro passion lang HAHAHA. Most data science in the consumer space is applied micro-economics - think managerial decisions about prices, quantities and how to measure/influence customer choice-making in general. I think the BA is for jobs like financial advising and the BS leans more towards jobs like business analyst or financial analyst. I would advise either getting a degree in both finance and accounting, Hi guys I am new to this subreddit and was just looking for friendly advice. I'm a junior that's 95% finished with his degree (sunk cost fallacy lol). Thx! Regarding the lse brand. While Preliminary and HSC While many business and economics degree-holders will go on to an MBA or advanced degree program, others will choose more industry-specific training as a way to When it comes to Business Studies, lines can get a little blurry if you want to know exactly what subjects your degree will cover. If you want to work in fashion, for instance, a business degree focused on marketing is a sensible choice; if you want to work in tech, study engineering. Where you complete your business-related degree far outweighs what kind of business degree you get. Finished my Bsc in Economics at Trent in 2020, MA at Queens in 2021. I’m torn between the two. Hi, I have the options between a (bachelor) joint honours degree in Computer Science with Economics, and Computer Science with Business. Completed an internship that I despised and didn’t want any jobs relating to business. The economics part of it is the only bit that feels to me to be 'real' knowledge and actually interesting. Economics and business majors may seem similar at first glance, but they have quite a few differences in terms of content and career paths. I would do the B. I recently got an admission for pure economics majors from the top 3 schools in my country. However, my question is which degree out of Accounting & Finance or Economics is considered more "desirable". As for the job market benefits of my current degree (for my area of career interest), I’m doing my degree in a top I have always wanted to law school. Marketing Degree vs Business Management Related Marketing Business Business, Economics, and Finance forward back. Assume I Get app Get the Reddit app Log In Log in to Reddit. Business admin is such a general and useless major and you'll have to pair it with tons of other courses to get any value out of that degree. Take some econometrics too but keep in mind they're a weird bunch :-) I don’t have a master degree, in fact I am doing a second bachelor degree in Business Analytics and Data Science. Some things go quite well together. however, i do have a strong interest in studying global economics, so i’ve been debating on which minor to choose. I want to ask everyone who may know whether it’s easier to be a business administration major versus an economics major. Not technically a dropout (I finished my bachelors in business econ), but I’m currently back for a second degree in EE, and I’m in the latter half of this degree. Economics) degrees that lack these issues, I was talking about a regular Economics degree. In short, a BS is more focused on the math side. In my country there is no such thing as minors, only majors. I am in IB year 1 right now, and I currently take Maths AA HL, Physics HL, Chemistry HL; my SLs are Hindi B(I am an Indian studying abroad but Hindi is understandable for me), Economics and English Lang&Lit. One thing to add is that I researched positions i would love to be in. I solely want to have the degree if the degree will teach me about how to create a successful and organized business while preparing me to know how to react and invest in the public markets (stocks, crypto, real I’m primarily seeking a career in business strategy, and I’d say my undergraduate degree in economics is more relevant to that. Business Admin: Will give you a broad A high school student asks for advice on choosing between Economics and Business Administration majors for consulting career. The main difference between Economics and Business Economics is their focus. You give up your freedom to specialize in your economics degree via many electives in exchange for substantially more math courses. There was an American student in my course who dropped out after our first economics course because he couldn't keep up, even though he apparently already had a degree in economics (quite stunning If the field of law interests you, economics is certainly a very useful degree, as several areas of the law involve the same logical processing that economics requires. I know there are pure econometrics (or quant. But, most people, lawyers i asked and professors i have spoken to, are split between its worth. It’s a broad discipline that you can specialize into any business career with. I’ve always been fascinated with Economics. I was thinking about double majoring in both statistics and economics, since a lot of class requirements overlap at my college. My biggest concern is it really worth the hassle of getting a finance degree? A degree that it’s much harder to obtain when I can easily get a management degree because that degree is a cakewalk for the most part. If you want to go to a director or higher level - you will need an Asper degree. However, (admittedly I am biased), I think economics is super interesting and is vital to understanding how the world works. If your school is well known for economics, pursue economics. I have CPA but no accounting degree, basically economics/business administration degrees. in Economics or a B. I'm applying to economics and management at Oxford but my other options offer both economics and management and pure economics, I'm interested in what people think is the more prestigious/ better degree. Business includes things like marketing, accounting, finance, Business majors tend to have more directly-applicable business classes like corporate finance, information systems, business communications, management, etc. Economics is more theoretical, and will tell you how the economy works. So now I’m deciding between Business Administration or a generic Liberal Arts degree. However i managed to gather enough credits that qualified for accounting. If you do well, you can be a data scientist or a quantitative analyst. I was originally thinking about just majoring in economics, but I heard the job market for undergraduate economics students was not that great. Unlike management at some other universities, management at lse contains a lot of economics modules and other maths modules as would many other students studying econ/maths be doing. If I decide to go the business route, I will either get a finance degree in an undergrad business school or an economics degree in the normal university (idk the correct terminology). This subreddit aims to give U of U students, professors, staff, and alumni a place to discus campus, culture, housing, jobs, classes, professors, or anything tangentially related to The international economics and finance program is a BA whilst the Business management is a commerce degree. We have written rules to support this aim and welcome those who want to learn and those who want to contribute. Don't do Philosophy and economics if you're not at least somewhat passionate about both. So I really want to get into the private industry and working with finance but I am not sure whether an economics or business degree is best for finance in the private industry. If you do intend to join the business world after graduating with a psych degree, you’d really really have to be confident in your ability to get some relevant work experience (internship) because I’m currently studying economics in college and was wondering if I could find a job in finance or banking in the future? I would double major in Econ/finance but the university doesn’t allow for Business economics will be more practical and focus on the decisions of an individual businesses. I have a couple FINRA licenses currently (6 & 63). hi! i'm an incoming college student blessed enough to have been accepted to UPD's BS Economics program. Hey, I'm curious. I am currently a development sector professional at a multilateral organization, as well as a Masters in Economics graduate from a university in Bangladesh. I think you need a graduate degree to do the really "economist" style jobs, and I'm pretty sure the economist degree is not really super important for getting jobs as a trader or at a bank, just as a business degree doesn't actually help you get a job as a business manager beyond the fact that companies want you to have SOME degree. Econometrics also prepares you for fields in nonprofits, government, and business. These details don't really matter for undergraduates). Because I feel business, Deciding between Economics and Business majors can be a bit confusing, so I'll give you a brief overview of the main differences and advantages of each. The school I graduated from didn't limit multiple majors and minors. His bachelor was pre-law with a minor in finance. I’m most likely going to do the economics specialization for that. You’ll also likely take a The main difference between Economics and Business Economics is their focus. In this sense, they are almost interchangeable. I'm already taking intermediate micro this upcoming semester without taking a lick of calc, and I won't be able to calc 1 until next semester when I'll probably also be taking intro to econometrics Hopefully I'll be ok, if that's the case. Its 2:1 ratio between law grads and phd attainers. If I decide to go the business route, I He went around during commencement weekend last month and asked 23 grads, 20 undergrads and 3 grads, what they'd be doing and how much they'd make. In both surveys there are probably a lot of people with a degree in "hotel management" having to decide if that is a "business" degree or a A lot of Data Scientists are great at transforming the data but struggle to find the business value in analysis. I'll be pursuing a degree in Economics, but potentially double majoring with a Business or Finance related degree since my long-term goal is to become a CFP. Reddit . All I've heard is that business calc is a lot easier than calc 1, and that it uses business terms for problems. This will set you apart from the other Marshall students. Yes. I’m primarily seeking a career in business strategy, and I’d say my undergraduate degree in economics is more relevant to that. It's easy to do business analytics with a background in econometrics, but I don't think the other direction holds true. Many finance people have CPAs as well. A. Hello, I am in my second year of a math and physics bachelors degree. Economics is a social science that focuses on the study of how individuals, businesses, and societies allocate scarce resources to satisfy In an econ degree you get three primary major choices - economics, econometrics and financial economics. Anecdotally I Finance degrees are only really worth it if you’re in an Ivy League situation. Finance is great too. Really, a degree in economics is not useful to run a business. I don't know about the States, but here in Australia most economics courses are really "business and economics" courses. I'm currently navigating a decision about my undergraduate major and could use some input. Business is definitely a better and more versatile degree at the bachelor level, while Psychology requires grad school to find a job in the Update: one year later I am in my second job and earn above the local median ^ I landed (after long struggles, I additionally live in a country where I am not fluent in the language) a business development job in a fast growing start up and had the steepest and best learning curve in the job one can imagine. As for the job market benefits of my current degree (for my area of career interest), I’m doing my degree in a top Founded in 1850, The University of Utah is the flagship institution of higher learning in Utah, and offers over 100 undergraduate and more than 90 graduate degree programs to over 35,000 students. 7+ to land a job at a top IB firm. It can be equally rigorous what can I do with a degree in business economics Hi im about halfway done with college and I really do not know the direction I should be going in or looking at with this degree. Micro and behavioural economics is a great place to learn. now I will say economics and accounting are different degree in comparison to business management. I can only speak for my school and its econ program, so not every school or program will be like this. For more info go to /r I have CPA but no accounting degree, basically economics/business administration degrees. You said business administration degree, so its better to stick with economics unless you can double major with Finance. You won't look as competitive for true analytics positions. Plus, I love learning about economics. I solely want to have the degree if the degree will teach me about how to create a successful and organized business while preparing me to know how to react and invest in the public markets (stocks, crypto, real I’m planning on going back to school to get a degree but I can’t decide if I should go for an accounting degree or an economics degree. financial economics, HR management, Finance jobs are generally open to most degrees if the candidate is a good match, they hire all sorts of majors, including finance, econ, business, engineers, political science, history, etc. It’s a flexible degree which is another plus There are fewer tech jobs in Canada than there are business jobs, so you will find yourself staying in the big cities like Ottawa and Toronto for most tech jobs, while with a business degree, you can work anywhere. So I wound up graduating with a marketing major anyway. You will most likely get outside options, in which you can take economics modules, but you will only be awarded a degree in Philosophy and economics. Reply reply Accounting vs Economics degree? Discussion Business Economics upvote The reddit for students of Concordia University of Montreal, Quebec / Le reddit des étudiants et étudiantes de L'université Concordia à Montréal, Québec Members Online. Additionally, if you pair your econ degree with courses in statistics, math, or cs. I would say business economics is more applicable for a career in anything relevant to business. ). Mine was Business Econ so my background in finance & accounting which is Not technically a dropout (I finished my bachelors in business econ), but I’m currently back for a second degree in EE, and I’m in the latter half of this degree. Also you stated you're interested in management. This is compared to a commerce degree which has 13 majors which have a wider scope. When you graduate from an accounting degree, you're still not a CPA so you're not any better than finance grads. Do your own studying, order the books, take the online course, save your net worth from decades of student loan debt. Which field has the better outlook? I came from a country where economics is one of the popular major. for #2, All of what you said are exactly the same for finance. If it's economic theory that interests you most. Your options are greater if I have an economics degree and went into financial advisory and consulting. But then again, economics intrigues me with its focus on understanding economic flows and easier college acceptance and difficulty. My tasks were as different as my interests and I got to work with many smart You can do an MS in Econ without work experience and it’ll make you more qualified specifically for roles that are economics-focused (although they’ll certainly prefer a PhD). However, it's not impossible to find jobs as a business major. I have a degree in anthropology and journalism and while the classic education has given me invaluable tools in my practice as a fiduciary, I definitely didn't need an advanced degree for aceing the depends on the school but all STEM degrees are generally pretty intense. I think the main difference between the BMEcon and IB Economics and Business Management are quite different. Our economy is also run by the major 5 banks and financial institutions, so there are a lot more business jobs in general. I’m laying out the differences between the two as follows - Content Focus: IB Economics: Economics focuses on the study I started in investment banking. What should you expect to learn during a So my question: What are the pros and cons of being a BizEcon major vs an Economics major? I mean it seems that ultimately Econ is a shorter major and easier to get in to (lower GPA A Q&A article that compares economics and business majors in terms of content, skills, and career paths. A BA is more focused on economic policy with less of a math component. Life’s about who you know, not always what you know. Honestly another big reason for me picking this major was more business classes (basically want a business degree but a BS one, not BA lol). And the money can be I was just wondering which degree is the most useful for investment banking. It is well-agreed upon that business economics is a bit more difficult and boring than business administration because it involves a higher degree of math in its fundamentals and often explores more theoretical concepts. If you want to apply for a job on a corporate business, you probably need a Master but the Startup world is much more open. Even then, accounting will be viewed as equal. I'm going to be attending university next year, and I am currently deciding between majoring in business administration or economics. An economics degree doesn’t automatically lead to a great career, nor does it Business economics from my experience was the more popular choice, it essentially just requires a few accounting courses. I first studied accounting at Trent but after two years had enough. Data science and whatnot. I really enjoyed philosophy and had a great time with the courses and the people. Economics is a social science that If you love the stock market, then a degree in finance is perhaps the most appropriate choice for you. 😭 I'm currently about to graduate from high school; I was so I’m in consulting/tech and most of them will pay for an MBA, many of them will not pay for an MSc Econ. Its as simple as that. I just want a job, that’s all I want. ADMIN MOD How did you choose between medicine and business (or another career path you took interest too)? I’m a current HS senior, and for about a I’m pursuing a dual degree MD/MBA because of a love for business and Medicine. Originally, I set my sights on economics, drawn to its inherent interest and the flexibility it offers for future graduate studies. I know none of these have a thesis so that makes it tough (they have a project instead) , but I have written a voluntary research paper with some econometrics during my (business administration & finance) undergraduate degree, so I'm hoping that'll help. Currently working as an economist for provincial government, and for what it’s worth I love my job. All in all I would say research what you can about the different fields in economics. What matters is whether you know your sht or not. If you only do econ and business analytics then you are narrowing yourself too early. Without knowing much about what you’re trying to get into after school, I would suggest the economics route. Economics will be more beneficial at the B. Just check what the state's requirements for credits are and make a plan to have these credits. The best majors for banking are heavy literary Businesses students are required to take classes like finance, accounting, management, and marketing. Currently working as an economist for provincial Hi, there. Always been more of a history/english guy but don’t want to get a degree in something I feel like wouldn’t get me a specialized career. The more important part is what uni you’ll be attending. I graduated with an economics degree and did fine getting a software job. Iv bounced around a lot between econ and statistics, so I'm asking here to see what everyone thinks. I’ve explored the accounting area and I’ve seen that a lot of people get employed with minimal difficulties. Reddit's home for wholesome discussion related to pre-medical studies. Business is just too broad of a major and it has the worst unemployment rate out of all business type majors. Economics is a social science that deals If you don't have a passion right now and you want a degree that keeps your options wide (relative to other degree choices), a degree in Economics is a good choice. This is often pointless for a lot of economics students who are not intending on working in private businesses and if they are, are interested more in doing public sector style work but for a private firm. Expand user menu Open settings menu. S. When I graduated I sold my degree as a really difficult major that provided me with the analytical writing and critical thinking skills necessary to be successful in any role. Users reply with their opinions, suggestions and Econ is way more rigorous and employers respect that. Econ majors will have Economics can be studied as a major within a Bachelor of Business/Commerce as well as through its own degree, i. modern economics), including Uchicago, Penn Wharton, and especially MIT. The focus on economics is why business economics is part of the School of Social Science and not part of Paul Merage. Learn how to choose the right major The choice between majoring in business or economics depends on your interests and career goals. i do know some ppl have gotten business tech jobs with an econ minor, which is making me This might be a dumb question, but what job can a business degree get you? I’m honestly not sure. B, EFB2) according to your own timeline but you’ll do them all at some point. I don’t exactly know the differences between the econs degrees in the universities but I would assume SMU’s econs degree would indeed involve more math instead of essays given that they award a BSc degree. Asper will look better on paper, and if there is similar competition, you will win out. Economics is more about theory and why the economy functions the way it does. are notoriously credential-heavy. Reply reply kingfranco1 Many finance people have CPAs as well. in an obvious format with a clear solution. e. Business is definitely a better and more versatile degree at the bachelor level, while Psychology requires grad school to find a job in the If you aren't planning on doing anything beyond undergrad. As for the job market benefits of my current degree (for my area of career interest), I’m doing my degree in a top Graduated with a meh GPA and BA in Econ from a mid tier state flagship 5 years ago. The name of your uni matters a lot. My primary interest is CS and I am also interested in finance and banking. UCSB econ. And from what I’ve heard, the course are pretty easy and people typical double major in it anyways. More posts you may like Related Economics Business & Finance forward back. I would hope if I pursue this degree I could make more. The problem is that I only have three electives left that I can take. I have researched quite a bit and although it’s fairly equal, I saw more say that economics is more preferable if you want to get a finance job. I am in IB year 1 right now, and I currently take Maths AA HL, Physics HL, Chemistry HL; my SLs are Hindi B(I am An economics degree is very comparable to a finance/business degree. The best majors for banking are heavy literary majors like History, Law, and Literature - where you're trained to read and rapidly understand enormous amounts of text. On the It's v theory heavy and might not give you v employable skills straight outta college, but can be v valuable in policy related roles for the public sector etc. Don't underestimate how math heavy economics is though. Most of my friends who are traders have either finance or business degrees. Better job opportunities exist with a degree having some mix of computer science and statistics in that regard. Reply reply Top 1% Rank by size . On the other hand, a Bachelor’s in Accounting degree is also an Users on r/explainlikeimfive subreddit discuss the differences between finance, economics, and business degrees. For the BS route, we have to take more higher level (analysis) econ classes. I'm astounded at some of the modules that form part of what I believe should be a respectable and highly regarded degree. The IT industry isn't going to give a crap about your business degree, except if you're looking for a BA role. I was considering majoring in psychology BA. If you pair it with some basic I first studied accounting at Trent but after two years had enough. If I decide to go into computer science, I will apply to colleges such as CMU, Cornell, GA Tech, UT Austin, Princeton, UW, Columbia, UMich, UCLA, etc. With the business management degree you chose your major/specialization in seconds year if I’m not mistaken. I'm not 100% sure what I want to do to be honest, but I like the idea of a PhD in economics. View community ranking In the Top 1% of largest communities on Reddit. I'd argue that business degrees are fantastic for people willing to put in the work, because many business students frankly don't try that hard, so it is comparably easier to graduate top 10% in business vs STEM. Oh. Business Administration vs Economics vs Finance . I might make these econ electives. A finance degree is going to be closer to job training than an economics degree. Beware after 1st year economics has a lot of statistics and math involved. Accounting will allow you to be an accountant. See which one suits you best and then determine what you really want from a career in economics - helping people or just trying to make money. Economics degree . 3. View community ranking In the Top 5% of largest communities on Reddit. If you study maths at Cambridge, you graduate with a BA even though it's arguably the most demanding programme in the country. That definitely sounds like a lot 😅. Business career fields, like finance, consulting, investment banking, etc. If you pair it with some basic software development/data science it's the the wild west in the industry at the moment with huge salaries and very few people. ) I don't think I would of been able to have the same latitude with an economics degree. Plus me most Ivy League and LAC universities only have economics as a major. The corporate world is extremely bland and cold. There is a glut of MBAs with no work exp. A lot of Data Scientists are great at transforming the data but struggle to find the business value in analysis. There was an American student in my course who dropped out after our first economics course because he couldn't keep up, even though he apparently already had a degree in economics (quite stunning I must say), so it seems where you study might be quite important. Take some econometrics too but keep in mind they're a weird bunch :-) On the other hand, the same university offers a BA economics degree, which is much easier to transfer into. Is it possible to work as a data analyst with an economics degree? Anyone done it? In my economics degree, I took econometrics Oh. Business, Economics, and Finance. You take those classes for the Although I’m a student, I’ve worked in office jobs for the past three years and experience trumps degree every time. r/college. I think - when it comes to economics, finance, management - the postgrad degrees are meant for career changers or people wishing to specialise in something other than (but not entirely different to) their undergrad (e. Remember, accounting is foundation of all financials. This heavily depends on where you go to school. Iv heard that a major in economics is not that great if one doesn't have a more quantitative and computational degree. You’ll choose similar subjects (later Acct. Not necessarily. I would suggest getting a degree aligned with the skills needed in the industry you would like to work in. My rationale for leaning towards business lies in its emphasis on building interpersonal skills, especially in areas like presentation, which I believe are crucial for a successful career. Specifically, I'm going into a type of law (antitrust) that relies heavily upon economic learning, but other areas like contract law weave in economic themes throughout. Increased school fees for Double Degree Programme. You can also pivot away from accounting with an accounting degree into finance. A central repository for questions about economic theory, There is also the opportunity to work in finance with an engineering degree. (If I am being 100% honest, I am thinking about returning to Uni and doing a "pure" Economics degree - I did business, which had economic units - to escape teaching, however, that is another story not related to this post. The regular econ major can be more or less math intensive depending on which electives you take. reReddit: Top posts of June 2020. It suggests that the choice depends on your interests and goals, and Economics may be more respectable but so is a business or management degree from respectable universities like Manchester, Warwick, Bath, Bristol, Birmingham, Lancaster, This major is outside of the business school so I was wondering if I should get a B. This doesn't seem to be your intention. It’s just a feeder into your first job and then MBA where it really counts. all of the jokes about business school are completely I mean if you're going to be majoring in business, it's better to major in accounting, economics, finance, or marketing. But if a BA role interests you, a minor in business is more than sufficient, a dual won't add anything and will cut into your IT specialisations. For context in 2021 I received my Bachelors degree is in Economics and for two years I️ have worked as a Data Analyst. I'm new to Reddit, and after hours of contemplation, I have come to the conclusion that I have no idea what degree I want. Economics is a social science that deals with the production, distribution, and consumption of goods and Compare the advantages and disadvantages of studying economics or business in college, based on factors like career prospects, versatility, and difficulty. thats money If consulting is your goal then econ is the route. Both are good. With regards to finance vs economics, I would favor the former as it is more practical and will bring you close to the industry, although if you attend a college without an undergrad business program or enjoy more theoretical classes then econ is great too (and you can always double major). Economics isn't the same thing as business (I'm an Economics major). The curriculum is diverse. Regular economics will be more theoretical and looking at the entire economy and human I would honestly pair it with an IT degree or Accounting/business degree unless you are a rock star scoring 99% and likely to do further study afterwards. BS Economics/Mathematics: Develops a broad and less specialized understanding of basic economic principles AND the math necessary for conducting economic research. Is economics treated with the same weight / given the same opportunities as business majors? I’ve heard that students at top undergrad business schools are afforded more prestige / opportunities than those studying Econ at the same university. I have a friend who works in securities regulation, for example. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Related Economics Business & Finance forward back. You’re right in that econs in SMU is a Bachelor of Science degree while econs in NUS/NTU is a Bachelor of Arts/Social Sciences degree. Bachelor of Economics. It’s second to none. Bounced around a couple crappy “analyst” jobs until I landed a job as a Data Developer - and just promoted/moved to another team as a Data Engineer. A masters in econ is much more employable in general at higher salaries. On one hand, engineering seems like a solid choice with its practical applications and potential for growth/higher salary. I noticed you wanted to study psychology (same), you can still earn a graduate degree unrelated to your undergrad major. But anyways, for prospective college students who are thinking about economics and business, be warned that economics uses quite a lot of math and mathematical intuition as well as statistical thinking. Not finance or accounting. What do you want to do after school? Something like business administration is much more suitable, you'll learn how to actually run a company, how to make business decisions, how to manage, etc. The business degree would probably be more practical and have better jobs, but I really enjoy learning about English and history. You'll learn the basics of economics as well, of course. become economics major. OP, I did the same thing. Hi guys I am new to this subreddit and was just looking for friendly advice. Depends, you’ll likely take up to real analysis and a business student would rarely ever even take calc 2. 9M subscribers in the Economics community. I work in education, after all, and I teach economics in a high school setting. I’d steer away from accounting since it’s one of the more academically what can I do with a degree in business economics Hi im about halfway done with college and I really do not know the direction I should be going in or looking at with this degree. I've always been told that that business/management degrees are weak degrees so I decided to pick an economics degree in hopes of having better graduate prospects. Many schools don't offer a "finance" major and instead offer an economics major. This sub will be private for at least a week from June 12th. I I know there are pure econometrics (or quant. Members Online • Seanm1035. Consider then that Stats is much more diverse and theorical in that you will see much more than causal inference (what econometrics mainly entertains) and you won't do as many case studies and projects. If I get a B. , you should choose a target market for your product, you should treat coworkers/employees with respect, etc. Hopefully you find a good job or you can move up. Serving as a central forum for users to read, discuss, and learn more about topics related to the economic discipline. I'm currently a first year undergraduate student. No one hires a BA for their econ Since you’re going to need 150 credits you could easily do a degree in economics and then also take the required accounting classes after (this should get you to 150 total credits too). Business degrees are a waste. Specifically, i have prepared master thesis in goodwill accounting. Not sure what the other commenter is on about. I want to get another masters degree, preferably from a North American university, either in Economics or Public Policy. An economics degree will have courses on macroeconomics, microeconomics, game theory, financial economics, econometrics, and some math and statistics, with possibilities to additionally specialise in other sub fields such as historical economics, monetary economics, public economics, international economics, behavioural economics, actuarial economics, business For example, some are passionate about the environmental aspect of economic development and would pursue that path. When it comes to the business world, your exact major doesn’t matter. g. You don't need a degree, you just need to pass your series 79. More importantly however, the behavior of reddit leadership in implementing these changes has been reprehensible. Using ddp, I wanna work with a start-up/begin one myself in the Biotech industry. At the end of the day, economics and business degrees are likely to lead to a very similar set of career options. What do you think of It seems more possible to transfer into economics at said schools. YES. I was considering dropping out but I figured I’d regret it. Business degrees tend to focus on building practical job skills (like financial analysis or accounting) and understanding how businesses function in practice. What is the difference between the two? I assume just as the name suggests, Business economics is pretty much a business major with an emphasis in economics, and economics is just a bare-bones economics major including intermediate economics courses without the upper-level finance/accountings/derp classes. Otherwise, I would go with a major in business and a minor in psychology. Some schools offer both a BA and a BS sometimes with slightly different names like business economics, economics, or quantitative economics that have different requirements. They explain the academic focus, career options, and mathematics Also, going to a business school is not synonymous to getting a business degree. With that being said, choosing finance seems like a easy decision because that’s what I’m interested in. Top Posts Reddit . Several people in my econ classes decided to go the BA route. Then choosing between those degrees may matter. Both degrees will get you in the door. Business administration degree is perfectly fine. But I feel like finance is a more respect degree than finance, is that true? I was wondering if there are major differences between the BA and the new BS degree coming out this fall. I feel really behind others and still don't know if I should be looking for internships or what jobs even to look at. At its core, an MBA is to the social sciences — psychology, sociology, economics — what an engineering degree is to natural sciences. What did you end up pursuing one degree or double degree programme? I am a Biomedical Engineering student and want to double major in Business/Economics. I went for a BBA Economics degree since I'm more interested in personal financial advising. Don't forget that you're in a competition. I’m trying to get into airline management, think there’s a couple others who like accounting. Semantics aside, literally all of the schools you named focus 90% on macro factors and highly quantitative econometrics (i. I graduated with a business degree that I hate. I would also highly recommend the minor in should i minor in economics or business administration? for context, i’m a computer science major and definitely want to work in a job that involves both business and tech. I think business analytics is too restrictive of your potential career options (though honestly, you'll probably be fine career wise no matter Although I’m a student, I’ve worked in office jobs for the past three years and experience trumps degree every time. . I mean, I would have imagined myself in research, pero I have myself to blame naman since di ako nagapply sa research firms or govt agencies. E. However, I’m not sure entirely which one it should be. Im not exactly sure if that’s accurate but let me know if it is. I feel really Please be aware that BMEcon isn't a Business degree it's an Economics degree that has a focus around Accounting/Business electives. As for generalising, the purpose of a degree is to specialise in a profession. Graduated with a meh GPA and BA in Econ from a mid tier state flagship 5 years ago. If your school is I wouldn't say an economics degree makes you less employable, but the opportunities provided through business school with a finance degree are definitely much better. You will already have a bachelor's, why waste four more years, half of which will be a rehash of gen eds? Reddit's largest economics community. A masters in econ will hit you hard with statistics and math. But I appreciate the advice and tbh i’m equally unsure about business and economics. When there isn't a clear direction, economics is a sensible choice. If accounting is your goal, business Econ should prepare you for it just fine. My degree is a BA in economics, but the content on offer is identical to BSc economics in others (econometrics, etc). The degree to which your run-of-the-mill economist will use advanced math is debatable, but the answer to the question is more nuanced than "Physics and economics are not similar". Doubt undergrad will get you much, plan on higher education. Economics and Mathematics interdisciplinary degree (there is a business math type degree as well). Plus MSc Econ is usually more applied econometric work whereas MBA is just a more So more exams and less essays. Below, I'll outline some key differences between the two majors and discuss their <p>The two majors are very different. Get app Get the Reddit app Log In Log in to Reddit. I’d say the biggest issues to consider are whether an economics degree will be too broad, and whether there are already too many other people who study business administration. I have to choose from: Mathematical Economics, Econometrics II, or Business and Economic forecasting. You can do a degree in economic history at the LSE, which is in fact a BSc despite being a history I think - when it comes to economics, finance, management - the postgrad degrees are meant for career changers or people wishing to specialise in something other than (but not entirely different to) their undergrad (e. Obviously I want a career in finance/banking later, but which degree would help me out more. So more exams and less essays. today's the last day na inaallow kami to shift to another degree program before the academic calendar starts, and i I have a little bit of regret and wish I had done some sort of business related degree. 1 combined CGPA vs 2 CGPAs calculated separately. Accounting vs Economics degree? Discussion Business Economics upvote The reddit for students of Concordia University of Montreal, Quebec / Le reddit des étudiants et étudiantes de L'université Concordia à Montréal, Québec Members Online. It’s hard to tell why they classify as a Double Major or Double Degree, but the differences are: 1 degree with both majors reflected vs 2 separate degrees from different schools. If you go with the B. The other commenters are right you’ll want a post-graduate degree if you pursue economics. All of these things will be touched on during a business degree, but I would focus my attention on what interested me most and see about maybe an advanced degree that specializes in that. But if I'm being perfectly honest, you have no advantage as an economics student in investment banking. I would imo, no doubt you should choose lse management over warwick. If you want to go into quantitative analysis, this is the way to go. Hey there! It's great that you're narrowing down your interests and considering majors. However, I recently secured a spot in the business program, which can be pursued as a joint major with economics. An MBA really is tailored towards a non business person that wants to learn business. A business admin degree from Wharton or Berkeley Haas is infinitely preferable to a finance degree from a I would honestly pair it with an IT degree or Accounting/business degree unless you are a rock star scoring 99% and likely to do further study afterwards. But keep in 64 votes, 39 comments. in business administration you will need to be a top Marshall student with a GPA 3. That being said, your analytical skills and the business acumen you receive with an Economics degree are invaluable with technical coding skills to match. He asked, I think it was, 9 In short, a BS is more focused on the math side. I’ve been planning to go back to school so I️ can get better job Business management degrees are all over the place in Wall Street, banking, private equity ect. Lately I have been getting interested in economics and reading some texts. The main difference between PPE and P&E is, well, no politics. It's the language of business. I personally think that it's much easier to have a strong economic intuition and build in specialized finance knowledge than vice versa. Have you considered economics, it has a balance of those interests, downside is that there’s more math if you aren’t into that. I would say think about what job you’d rather have and not necessarily the degree. Every state varies so you should look up the requirements for your state and see what they accept. In layman’s terms, they are prestige whores. I'd also go economics. In all 3 workplaces I’ve worked in, there is business analyst I and business analyst II, and thats about it. For both majors, you need to take Calc III and Calc Based Stat but since the financial econ major has corporate finance and financial economics as required courses, you’ll automatically need to be doing more math there than some of the econ electives you could take as a regular Finance jobs are generally open to most degrees if the candidate is a good match, they hire all sorts of majors, including finance, econ, business, engineers, political science, history, etc. I’m majoring in economics and finance btw. Maybe it takes longer with that degree, but it’s possible. Anyone who tries to tell you that a business degree is better or harder, frankly, economics read reddit to KNOW FOR SURE that if you're not in a professional program you better get into something you can hired with, e. For example, at my university the economics degree requires only calculus 1 and basic linear algebra, while the statistics degree requires calculus 1, 2, 3, probability calculus 1, probability calculus 2, introductory linear algebra, and advanced linear algebra, where "probability calculus 1" and pcalc 2 is the study of probability using calculus. reReddit: Top posts of June 16, 2020. There was an American student in my course who dropped out after our first economics course because he couldn't keep up, even though he apparently Not sure what the other commenter is on about. However im considering switching my options to business/management because I've seen on linkedin both people at high ranking and lower ranking university's with "weak" degrees getting positions at top firms. I will be spending my first semester mostly on applying to business school and though if I don’t get in I will be an economics major I just want to know whether it’s even worth spending time applying if it’s just a really hard school and I’m gonna end up failing. alternatively, business school is a usually a cakewalk; half of the classes are just formally telling you things you already knew (e. it would be so that I could take some basic classes within I know that a finance degree, an economics degree, and even a business degree would be great for my goals. Apparently Economics is better if you can get into a good university, but I'm still unsure as it is less focussed than an accounting and finance degree. Business analytics will definitely be more difficult, but would it be worth it considering the saturation and competition of finance field? I also feel like the odds of getting a finance job with a business analytics degree is more than the odds of getting an analytics job with a finance degree. oegbtb wupp ersfboo jihv jaapnc thc gqx caxf akvija yogcyb