Accounting and Economics

<p>Is it a good idea to major in Accounting and do masters in Economics? What are some other suggestions? Some career options I am considering is being an accountant or a fashion buyer.</p>

<p>No. You will not get the background in Math necessary to do a MS Econ by majoring in accounting in UG.</p>

<p>Why do you want a master’s degree in economics if you plan to be an accountant or a fashion buyer? It would seem to make more sense to go to a school with an accounting or a fashion merchandising program or both. I just went to collegesearch dot com and found programs in which you could major in accouting and minor in fashion merchandising (e.g. Georgia, Sacred Heart Univeristy). Also, you can look for a school with a fashion merchandising major (e.g. Delaware and Ohio State)</p>

<p>As for getting an accounting degree and an economics master, it can be done. But as part of your undergrad program, you would need to take 2-3 semesters of calculus, linear algebra, and statistics and probability theory in the math department (not the watered-down versions of calc and stat for business majors) as well as intermediate micro and macro theory.</p>

<p>Furthermore if you want to get into accounting, it would make more sense to get a masters degree in accounting. Then you can try to get with one of the big accounting firms and try to see if you can wiggle your way into doing the work for companies involved in fashion.</p>

<p>I think it is better than getting a MAcc. Geo can you show me a website with a program that requires so much math? Generally, there are no math prerequisites for the MS in Econ, except calculus and statistics. You will deal with math, but you can handle it by reading a book and practicing problems. My former accounting prof had this exact background + CPA, and he used to teach both Econ and Accounting.</p>

<p>Okay. Thanks for the suggestions.</p>

<p>Since you asked, Tosh.</p>

<p>[UT</a> College of Liberal Arts](<a href=“Economics | Liberal Arts | UT - Austin”>Economics | Liberal Arts | UT - Austin)</p>

<p>^^Any Econ grad program that doesn’t require or strongly recommend a background like UT recommends is a joke and a waste.</p>

<p>Eloquently stated, working!</p>

<p>The only requirement I see is 12 hours of econ (4 upper classes) + micro and macro. Although the math part is stated under the requirements, it is clear that it is just a suggestion:
“Many of our admitted applicants have degrees in math and engineering, and many who have degrees in Economics have minored in math. Applicants with otherwise excellent academic records but whose math backgrounds are deficient will be at a distinct disadvantage.” </p>

<p>You may be at a disadvantage when you will be applying comprehensive math based formulas without understanding how an where they came from. Yet, you won’t do math proofs. Even if you did take a lot of math classes during your bachelors, the chances are that you won’t remember a lot of things that you have learned. (read a scientific study on memory)</p>

<p>I do agree that UT has a math intensive program, but not all of the programs are math intensive; and if you say that those programs are “a joke and a waste,” you just express your subjective opinion. </p>

<p>P.S.
Nobody is saying that accounting is a joke because it doesn’t involve heavy math.</p>

<p>“You’ll need a firm grounding in differential and integral calculus (with an emphasis on proofs), matrix algebra, and probability theory. You should also have some exposure to advanced calculus, real analysis, and topology. Strong mathematical preparation is absolutely essential for success in our graduate program”</p>

<p>Guess you missed that part where they use the word “essential.”</p>

<p>“Yet, you won’t do math proofs.”</p>

<p>What do you base this on? I have taken classes in game theory and information economics and you do proofs.</p>

<p>“Even if you did take a lot of math classes during your bachelors, the chances are that you won’t remember a lot of things that you have learned.”</p>

<p>If that is the case, how is it that I help my son with his calculus homework. If I had never taken the class, I couldn’t have remember that which I never knew.</p>

<p>“Nobody is saying that accounting is a joke because it doesn’t involve heavy math.”</p>

<p>Accounting is not graduate-level economics. </p>

<p>“I do agree that UT has a math intensive program, but not all of the programs are math intensive; and if you say that those programs are “a joke and a waste,” you just express your subjective opinion.”</p>

<p>Why would you give a young person advice not to shoot for the best he or she could do!</p>