Hello CC members, I’m a high school student who is interested in applying to prestige school that has a great program for economy and business related majors. I am looking forward to major in economic field, but not sure whether to major in economics or management. Are these two the same thing or is there a difference? Please clarify the difference if there is. And another thing, can you guys recommend me few schools that have a great econ program. I will do the rest of the research based on your recommendation. Thank you!!!
As an economics major, you study economic models and theories to analyze business accounting for factors like taxes, interest rates, and inflation. It’s significantly more math based than management and also more profitable. Good Econ programs are too hard to list because there are so many. Pretty much every college has Economics.
But if you really want me to list some here are some great ones just from a quick internet search.
MIT
Stanford
Harvard
Princeton
UPenn
Carnegie Mellon
Columbia
Cornell
Duke
UC Berkeley
UC San Diego
Yale
University of Maryland
UT Austin
University of Washington
University of Michigan
UCLA
University of Minnesota
NYU
U of Chicago
Northwestern
I think you should first consider if you want to study economics or go to an undergraduate business school. One is not better or worse than the other but they are very different. Economics is a liberal arts course of study and gets pretty theoretical at the higher levels. An undergraduate b-school will be more pragmatic business oriented with a core curriculum that includes classes such as accounting, finance, management etc. I suggest you go online to some different schools/different programs and look at the curriculum to see which path is more appealing to you.
And don’t get too much into the prestige game – there are many great colleges and universities that can provide outstanding educations. I’m not saying to ignore the “prestige” schools but be sure to seek out options that would be a good fit for you on an academic, social, financial etc. level.