B.A. Economics vs. Accounting

<p>question:</p>

<p>what would be more math intensive? i realize that BA in econ is less than a BS in econ but econometrics, stats, and up to calc. 1 is usually required (although im sure that goes for accounting as well)...</p>

<p>so what do you think? im not trying to do the least amount of work, however math is certainly not my strong subject. im in jr college about to transfer in the fall and will need to declare my major. most respected majors involve a decent amount of math, i know there is really no escaping it. accounting doesnt interest me persay, but i will only have 2 years left. i want to do something in real estate or mortgages when i graduate...</p>

<p>any help would be quite appreciated! thanks everyone.</p>

<p>If math isn't your forte, i'd go where there aren't very many numbers. Sales and marketing? Accounting and Economics has a lot to do with quantitative analysis. Whether it be financial statements or surveying a group of people.</p>

<p>marketing would be possible if not for my fear of public speaking (i already know this is not a good reason)...plus marketing isn't AS highly regarded as econ or accounting, right?</p>

<p>thanks, anyone else?</p>

<p>accounting would probably be the most numbers intensive.</p>

<p>Accounting and Economics are both math-intensive. However Accounting is more straight-forward math like arithmetic, algebra and general number-crunching. Economics uses more abstract math like calc, mathematical statistics, matrix algebra, and econometrics.</p>

<p>You don't have to be good at math to be good at accounting. In fact, you can be pretty terrible in things like geometry, algebra (such as looking at a fairly simply math problem involving two variables and knowing how to set up two equations and solve them simultaneously)...and still be a pretty good accountant. Accounting is more about how to conceptually account for business transactions or activities. You are not gonna be asked to do any calculus as an accountant. Also, since it involved transactions already happended, there's pretty much no probabilistic statistics involved.</p>

<p>Depending on where the econ is taught, it can involve some calculus. After all, econ at the highest level is a lot like applied math to a social science. When I was at Northwestern, one of my INTRO to macro or micro (forgot which) exam questions required use of simple calculus.</p>

<p>i already completed micro, macro and statistics at my jr college (all will transfer).</p>

<p>the thing about accounting is that if i do major in it you are pretty much limited to being an accountant right? economics is much more broad...</p>

<p>No. If you got a CPA, you can get employed as "financial analyst" due to your good understanding and ability to interpret financial statements. You can do corporate finance. But it's not the same thing as investment "analyst" where higher level math and probabilistic stats (e.g. for risk management) may be involved. I don't claim to be an expert in this, however, since I am an engineer trying to transition to finance once I get my green card. But what I said are based on job postings I've seen and accountants (two consins and one of my best friends) I know. You can do a job serach on monster or whatever using CPA as keyword and you can tell there are zillion positions that I don't view as typical "accountant" asking for CPAs.</p>

<p>Well if you already did a first course in micro, macro, and stats without having to absolutely battle your way through the material then you should be fine with econ. Intro courses typically have less math because otherwise people would hate economics even more than they do already. But as long as you are not afraid of advanced math, I'd say just do what interests you feel like. (I personally don't understand how anyone could genuinely find accounting more interesting than any of the various fields of economics, but that's just me ;))</p>

<p>Either major will help you in the job market.</p>

<p>Saying that accounting majors are limited to working as accountants is like saying economics majors are limited to working as economists. Please, do some reading and open your mind! :)</p>

<p>Econ at a junior college usually involves elementary algebra. Considering that, upper level math courses will be required to move into upper division courses, usually an equivalence of a 1 year calc sequence. With accounting, depending on school and whether it is an actual major or a concentration, the requirement would usually be business calc or again, a 1 year calc sequence.</p>

<p>But in reference to the 1 year calc sequence for econ, i would say that wouldnt fully prepare you for many courses such as those in econometrics</p>

<p>From what I know about accounting, any introductory calculus requirement probably has very little, if any, to do with the field of accounting. It may be just be the general requirement for an undergrad business school. I don't think CPA exam has anything that requires the use of calculus. But since you seem to be interested in more than accounting and may switch, some knowledge of calculus may prove beneficial in the future.</p>

<p>it is purely an undergrad requirement</p>