<p>Let me intentionally make an argument which I think is wrong, just to illustrate:</p>
<p>"At schools where economics majors are not heavily recruited, business majors will be more employable because they might have specific skills that economics majors would lack, e.g. accounting or specific marketing training. </p>
<p>For example, economics majors can build a model predicting the net exports of a small island country whose main output is widgets with technological modifier Z(1+k)^y, but most of the local employers don’t care about that. They just want somebody to balance their books and write catchy advertisements."</p>
<p>^I believe that you are correct in more general way than you think. I imagine that business majors are much more employable than econ. Not even sure what you do with econ. major aside from teaching. It is like Bio major. What you do with it if you do not go to Med. School? Teach…</p>
<p>No, econ majors are in demand in the banking and investment industries. Their employment outlook is better than bio major, esp. if they have quantitive skills.</p>
<p>Sorry for the Qs, Brown doesn’t have a “business” major so I only know about Econ majors (most of whom are indeed in banking/consulting if not in some sort of grad school), although recently they created this: <a href=“http://coe.brown.edu%5B/url%5D”>http://coe.brown.edu</a></p>
<p>Like most vocational majors (other than engineering), relatively few of the elite privates offer business majors. Even Wharton does not; it tags its major as “Economics.”</p>
At most wall street firms, building models is the domain of folks (fondly) called “quants” or “strats”. Most of the elite quants at my firm have PHDs in math, physics or computer science. </p>
<p>Most of the economists in my firm are concentrated in the research department. For example, the guy who came up with the acronym BRIC was an economist in our research department until last year.</p>