<p>Are Business Economics, Managerial Economics, and Managment Science all the same major with different names. I was wondering if all three of these majors are basically the same thing with different names.</p>
<p>The three majors are pretty similar, but with Management Science, you are usually required to take classes in Probability, Statistics, Multivariable Calculus, Linear Algebra, and Linear Programming. </p>
<p>I'm pretty sure with Business and Managerial Econ you're usually just required to take statistics and single-variable calculus, assuming that you don't plan to go on to grad school in economics. Extra mathematics is highly recommended at the undergrad level but not required like it is for management science. </p>
<p>The reason why management science has more math requirements is that it focuses a lot on decision models that are used in business, which are based on advanced mathematics. It's kind of understood that if you're majoring in management science, then you're pretty competent with the mathematics classes I listed. With Business and Managerial Econ you won't necessarily be doing a job that's highly math-driven, so you're not required to take as much math.</p>
<p>I've been having a hard time finding what careers are typical for a Management Science graduate. What do they go into after they graduate, and what do they do after they have some experience (what is their path to the top)?</p>
<p>Does that question make sense?</p>
<p>Straight out of school: Regular employee (manage nobody, be managed)
2-3 years: business manager (manage a team)
3-4 years: director/dept. chair/dept. head (manage a department)
4-8 years: executive (manage multiple depts)
8-10 years: executive officer (VP, etc)-manage a division
~8 years: chief executive officer (CEO, CFO, etc)-manage an entire company</p>
<p>But of course, it varies based on how good you are.</p>
<p>Thanks ihateCA,</p>
<p>But I think you just gave me a rundown of any and every pathway of a business major. I really appreciate the reply, but it seems too broad. I meant to ask what, exactly, do Management Science graduate study to do? I've read the description on the UCSD website, but it is too vague. Quantitative analysis... yeah, ok, but what does that mean and how does it translate to a job?</p>
<p>btw, why do you hate CA?</p>
<p>Thanks again,
+</p>
<p>No, that's the rundown of how a typical management major would climb the corporate ladder.</p>
<p>I hate CA because everything's too far apart. That's about it.</p>
<p>Leobag, if you want to get an idea of what management science is about you need to understand that it relates to decision-making based upon probabilities and quantitative input as well as non-quantitative. Simulation studies for a year or two (no kidding!), for example, of the operation of a steel plant prior to building it would be an example of a management science major's typical kind of job.</p>
<p>There was recently an article in Business Week (just a few weeks ago) on how all decisions nowadays are being affected by numerical studies. I think reading this would give you a better idea of the various types of jobs that management science majors (and quantitative studies) majors pursue.</p>
<p>P.S. Many of these jobs historically have always been in manufacturing--but the field is branching out to some other areas (services, biotech research) lately as well.</p>
<p>Thanks Calcruzer - do you know in which issue that article can be found? (or maybe if it is online?).</p>
<p>I remember it was the cover article--so if you can browse the covers of recent Business Week issues you can find it quickly.</p>
<p>Sorry, but I don't remember the issue date.</p>
<p>I think this is it?</p>
<p><a href="http://www.businessweek.com/magazine/content/06_04/b3968001.htm%5B/url%5D">http://www.businessweek.com/magazine/content/06_04/b3968001.htm</a><br>
(from this</a>issue)</p>
<p>There's a podcast</a> too.
+</p>
<p>"~8 years: chief executive officer (CEO, CFO, etc)-manage an entire company"</p>
<p>Exactly how many 30 year old CEOs do you know of?</p>
<p>yes, leobag, that's the article. Thanks for posting the links to collegeconfidential so everyone else can access the information if they are interested.</p>