What are the differences between “Business Economics” and just plain “Economics”?
I really want to do “Business Administration”, but the college I’m probably going to attend (UCSB), doesn’t have that. They do have “Businss Economics.” So also what are the differences between Business Administration and Business Economics?
And are there different job opportunities for Business Administration majors vs Business Economics majors?
(p.s. sorry i know this doesn’t actually go under “college admissions” but this forum is the most popular and i want some input)
<p>well the UC's say you can "design your own major" with departmental approval, maybe i can look into that. since i don't want to be doing economics all the time, i also want to take classes in advertising, marketing, management, sales, other business topics, etc (if the UC has them...)</p>
<p>how come none of the UC's have business administration (except Haas and Riverside)??? I find it weird that the Cal-States have a lot more classes/majors (business administration, management, finance)... what are the UC's problem?</p>
<p>The University of California is a research-oriented university. Thus, the vast majority of their majors are academic. They tend not to offer vocational or professional tracks for undergraduates, the types of majors that has a specific job labeled to it, such as business, architecture, education, etc. (engineering is an exception). Therefore, Business Economics is still an academic major (economics), but just with a business emphasis behind the economics (it doesn't teach business administration). </p>
<p>Post in the UCLA forum if you want to learn more about Business Economics since UCLA has it too... I'm sure you'll get several replies.</p>
<p>Pick Business Economics WITH emphasis in Accounting. It's pretty much an accounting program. The big 4 accounting firms recruit more students from UCSB campus than UCB and UCLA combined! My friend had a 3.0 GPA, he got recruited on campus by BDO Acctng firm with 52K starting salary and he's graduating in June. The major is cool if you like accounting. BUt if you hate numbers go take History or PoliSci heheh.</p>
<p>If you plan on going to grad school for an MBA, I would recommend studying business economics. It provides a more rigorous theoretical foundation for studying business (which is just a branch of applied economics) and will give you a better overall perspective on the environment in which a business must operate.</p>
<p>If you plan on entering the work force and not going back to school, and you really have an interest in marketing, PR, or some other aspect of business, then a major in business admin is a good alternative.</p>
<p>I personally think that a foundation in economics is better because it gives you a larger perspective on how an entire economy functions at both the macro and micro levels. Besides, most of the practical skills you'll need to succeed in your career you'll learn on the job.</p>
<p>I'm a current UCSB student majoring in Business Economics w/ emphasis in Acctng. All students majoring in Bus. Econ. are required to take Intermediate Micro and Macroeconomics but we don't have to take Game Theory which is required for Econ major.</p>
<p>zagat: Well I don't want to "crunch numbers", haha. I actually really want to do business related stuff, not being the accountant in the cubicle. I'm good at public speaking and good with people (I have experience with sales and marketing too). So I figure, since I can't do business admin, bizecon is the next best thing and it will help me land a business related job, whether in sales, marketing, or whatever? Am I right in thinking that?</p>
<p>wellendowed:
[quote]
Pick Business Economics WITH emphasis in Accounting.
[/quote]
I don't want to be a CPA~ Like I said in zagat's message ^, I want to be a business person, whether it be management, someone in sales, or whatever. Not crunching numbers in the corner.</p>
<p>Awaken, to do what you want an MBA will probably be in the cards. Therefore, your undergrad major could be almnost anything. If you dream of being a senior level executive, a science or engineering undergrad degree would be especially good in CA, where technology and biotech companies need leaders who understand the science. Lauguages are great for a business person in this global economy. As I said, just about anything.</p>
<p>"The big 4 accounting firms recruit more students from UCSB campus than UCB and UCLA combined!"</p>
<p>No. That is just ridiculous. Wellendowed, while this maybe true of the people you know, this certainly doesn't hold up in the accounting recruiting world. </p>
<p>First of all, I'm a business major at USC and I hate UCLA and UCB. That said, I can tell you that the reasons why the statement is wrong is because not only are UCLA and UCB students (statistically) more accomplished than their SB counterparts, but the very schools these students come from are essentially name brands to recruiters that makes them automatically more attractive post-graduation. Furthermore, especially in the case of UCLA, because of the school's locations, these students are much more likely to have held accounting-related internships and have learned applicable skills. In the case of Santa Barbara, well, let's just say the big 4 don't exactly have offices there. </p>
<p>In the case of my girlfriend, a biz-econ major at UCLA also pursuing an accounting minor, her professor invited reps from each big 4 firm to give presentations in her intro to financial accounting class with each one concluding with "... and we're here specifically to recruit UCLA students." While I don't doubt this happens at Santa Barbara, and while I have enormous respect for the school, I do doubt this occurrence happens as much considering how out of the way UCSB is. </p>
<p>In the case of your choice of undergraduate major, as far as getting into b-school, it doesn't matter. They'll look mainly at your work-experience and GMAT scores. Getting that work experience in business however, will likely be contingent on your major. And heed everyone's advice on the accounting minor. To those outside the business world, it's common to think accounting classes are simply for those who want to be a CPA or crunch numbers in the corner. Once you start business classes however, you'll realize just how essential, and absolutely necessary, an understanding of accounting concepts is - regardless of concentration - especially financial statement analysis.</p>
<p>I'm a member of the UCSB accounting association and I have seen the statistics of students hired by KPMG, Ernst&Young, Pricewatercooperhouse, etc. Trust me on this one, there are more interns from UCSB to these companies than other UC campuses. In fact every October to December these companies hold interviews at UCSB campus. Pricewatercooperhouse recruited 73 interns lastyear from UCSB. Of which 69 students were hired full this past December. </p>
<p>Let's not even talk about location of the companies. Santa Barbara is just 2 hours north of LA and 5 hours south of SF. Most students at UCSB are from North or South Cal and internships are for the summer and winter! While your assessment is based on the UC rankings, the companies' assessment of the accounting students from UCSB is based on the the students who currently work for them. </p>
<p>Finally, being recruited is not just about grades. My friend only had a 3.0 GPA and still got hired by BDO. Could it be that UCSB students are more ready to face the real world after experiencing a well-balanced college life ? Who knows but statistics don't lie.</p>
<p>Employers recruit where there are qualified candidates who want their jobs. A lot of companies pass over top colleges and business schools because they know the students at those schools will not last in their ranks.</p>