All about Business Economics

<p>So I've been admitted to UCLA as a pre-Business Economics major, and I'm just wondering...</p>

<ol>
<li><p>Understandably, Biz Econ isn't a typical Econ major, and it sure isnt a Business Admin. major. Apparently Biz-Econ is a lot like accounting--what if I'm not too into that--more of an investment banking/finance kinda goal? Does Biz Econ cater to that? How are job prospects? Do ppl often go to grad school (MBA)??? What do grads with this major usually head into afterwards?</p></li>
<li><p>It seems as if there's a lot of free curriculum space for someone majoring in Biz Econ--do a lot of ppl double major? What's a common "other major?"</p></li>
</ol>

<p>If these questions could be answered, especially the first one, I'd totally appreciate it (and I'd think other Biz-Econ admits would too!!!)!</p>

<p>:)</p>

<ol>
<li><p>Unfortunately, no. Bizecon doesn’t cater to finance at all. The major is essentially theoretical econ + 4 management classes (accounting). There is just one finance class (Econ 106F) Most bizeconers go into accounting. If you’re set on Investment Banking, I suggest the UBS Investment Banking Workshop. </p></li>
<li><p>Most people major in bizecon and minor in accounting.</p></li>
</ol>

<p>biz econ has nothing to do with business admin except for those accounting courses. it’s just a condensed version of a REAL econ major with some acct courses. in other words, it’s not a real major. if u want to major in econ, then do econ. if u want to do business, go to berkeley for pre-haas or usc for marshall. if u want to do accounting, then do accounting somewhere.</p>

<p>I don’t know. I like our Business-Economics major but everyone here hates it. I believe there may be more finance classes than 106F but that is the only course required under the major. </p>

<p>Bus Econ is a smart offering for medium-range prestigious universities such as UCLA. Employers don’t respect undergraduate Business majors and the bulk of universities courageous enough to offer them are either (1) trade schools such as ITT Tech or (2) prestigious universities such as Harvard. Even an undergrad Business Administration degree from Berkeley isn’t all that valuable. You will need to get an MBA.</p>

<p>The Bus Econ major at UCLA exposes you to some of the concepts in Business with the safety net of an Econ undergrad income in case you turn out unsuited for Business. Undergraduate Business majors on average make less than an undergraduate Econ major as stats Professor Bruce Brown likes to cite. Bus Econ is a good opportunity to skate the line and discover where your interests lie. To me, its the best of both worlds.</p>

<p>Can someone shed some light on the job perspective for BizEcon+Acct Minor? How about internship opportunities?</p>

<p>Well I know that a lot of top investment and consulting firms look for interns with majors in Business especially, but often times they do take students with majors in Econ, or any number of liberal arts majors.</p>

<p>Do these sorts of opportunities exist for Biz-econers?</p>

<p>thx again</p>

<p>the Big 4 recruit haas students. recruitment for UCLA biz econ grads is nonexistent compared to the level of recruitment at haas. even marshall students are better off with its network</p>

<p>Accounting is pretty big at UCLA, I’m a part of Bruin Consulting’s executive team ([Bruin</a> Consulting](<a href=“http://www.bruinco.com%5DBruin”>http://www.bruinco.com)) and for this year’s class of seniors, we’re sending two out of 9 of us to PWC Advisory. I’d join the Student Accounting Society (SAS) if you’reinterested in that. </p>

<p>I-banking- tough if you’re not at an top 10 school (e.g. Harvard, Stanford). With that said, BC has one person working at JP Morgan next year whom interned at Goldman Sachs last summer. Another board member this year is doing an internship at JP Morgan for ibanking this summer. Former roommate and also BCer is at Royal Bank of Canada. Another friend is doing trading internship for Goldman Sachs. There are probably a handful of other Bruins doing Goldman/JP Morgan. BC also has a senior going to Blackrock (bigger funds). Unless you’re really on your game here and are a superb student, don’t act like you’re going to get a job here.</p>

<p>Consulting - Bain, Deloitte, Accenture, Mercer, Triage are the big names on campus. Bain takes few each year, Deloitte many last year. BCG (Boston Consulting Group) will not recruit actively, but they’ll interview you if you’re good (2-4 interviews with Bruin Consulting Board members and another friend of mine). Consulting firms do love diversity, so they’re as apt to go for engineers as they are BizEcon majors or Psych majors.</p>

<p>In general, the recruiting market is very tough right now, but should be better by the time you get to where I am now. This is across the board, and you feel it at all schools. It’s seen improvement since last year though (poor grads got screwed that year).</p>

<p>Here’s some info on what you can do with a BA from Haas/Berkeley:</p>

<p><a href=“https://career.berkeley.edu/Major/BusAd.stm[/url]”>https://career.berkeley.edu/Major/BusAd.stm&lt;/a&gt;&lt;/p&gt;

<p>Average salary is $56,000. If you applied to Berkeley, you should seriously consider going to Cal and transfer to Haas as a junior. The problem is that it’s a gamble. Only 50% of L&S students get accepted. </p>

<p>I was accepted to UCLA and Berkeley and USC after high school. But I decided to go to community college because I didn’t want to gamble wasting 2 years at Berkeley if I didn’t get into their business program. I also couldn’t afford to pay 4 years either. </p>

<p>I am now a sophomore at CC and I’m waiting for my decisions to UCLA (communications), UCB (business administration), USC (marshall business). IMO, UCLA’s biz econ is not really worth the time/money. I’d rather have a true business degree or do something different altogether (which is why i chose comm studies for ucla).</p>

<p>Deuces, thanks for the posts. </p>

<p>I am interested to see the employment data of BussEcon major, something silmilar with larkerforever posted for Berkeley. But I couldn’t find anything on UCLA’s cereer center webpage. Can any current/former UCLA students provide some infomation? Where can I find these data? I am more instersted the average graduating seniors do for job placement in addition to the top few students. Any recents years information is welcome. Thanks!</p>

<p>Geez, there’s more to getting a job than your degree or the status of your school. Maybe you guys should not focus on how far a piece of paper with econ scribbled on it will take you and focus on work exp, learning other skills, and networking.</p>

<p>And people still want to go into I-banking?</p>

<p>@Watermark The person I’d e-mail for that info is Katie Davy. She was hired on at the beginning of the school year as a counselor specifically for the Business Economics and Economics majors/departments. She’s really helpful - tell her you’re a prospective student. You can also mention that someone from Bruin Consulting (BC) sent you. Her e-mail is: <a href=“mailto:kdavy@career.ucla.edu”>kdavy@career.ucla.edu</a></p>

<p>She’s super nice and very helpful, don’t be afraid to send her that email.</p>

<p>Deuces, thank you so much!</p>