<p>I am looking into receiving an MBA, and I'm having difficulty in choosing which undergraduate major and minor I should have..</p>
<p>Major:
As far as majoring is concerned, I believe economics is my primary and most interesting choice. I think economics as a subject is fascinating and I think it will be time well spent when entering my masters of business administration later on. Any other suggestions would be appreciated. Also, what does one actually study in economics, is it theorems, studies, analytical processes, etc.?</p>
<p>Minor:
For a minor, I think psychology is my favorite option here, just intellectually speaking, but I think it MIGHT be more beneficial if I took a minor in business administration. I would like to here any other suggestions. I like psychology in it of itself, and additionally, I think it would provide amazing insight for business later on, but any help here is appreciated.</p>
<p>Please, add something to what I have come up with, and please give some feedback!</p>
<p>Sounds great. do that. You should do what you enjoy most and have the most interest in. Psychology is good in business. If you take Econ as you major check and see if you can get some finance courses as electives. That’s as close to business as you can get with economics. I like you choices.</p>
<p>I’m not sure of the undergrad curriculum in economics. I was a finance major, about 25% of my finance classes were classified as economics. Specifically, my international finance courses.</p>
<p>I did take some graduate economics with the plan to go into applied economics and finance. My classmates who had econ BA’s claimed that the BA was more about theory, history, and philosophy in undergrad. My b-school econ classes were all analysis as was the my graduate course. I could tell they didn’t have the business and analysis background because they couldn’t hold conversations with me about current events. They were super smart but only about history and theory, nothing practical. That’s why most economist jobs require the PhD (or MA if you can find an MA program).</p>
<p>Like Tort said, if you enjoy economics, go ahead and major in economics. MBA classes come from all different background so your major isn’t a big factor in b school acceptances. </p>
<p>I took many undergraduate economic courses and the introductory courses in economics are very theory focused. Once you start taking intermediate and advanced econ courses, you do more math and analysis.</p>
<p>You seem like you really want to do business and I know you will have the rest of your life to specialize in business/economics. I think you should take psychology as your minor because it is a different field of study and you should enjoy yourself while you are still an undergraduate.</p>
<p>In most cases, basic calculus should be enough for undergraduate Econ. You should know derivatives and limits. They will review the math so it shouldn’t be a problem.</p>
<p>Statistics is better, but Calculus is cooler… From a geeky math guy perspective. ;)</p>
<p>You can survive with basic calculus but statistics is everywhere in business. Everything is about probability. Every businessperson does statistical research or reads research at some point, and uses that research to make decisions. It’s important to have the language and concepts down. If you go into finance like me then both calculus and statistics can be equally important.</p>
<p>Calculus is awesome and it’s sexier when you put dollar signs in front of the numbers. When you combine that with risk and returns (Statistics), and forecasting… ooooh money!</p>
Yeah, I have some really cool AP Stat teachers at my school so I’ll probably take AP Stat, and then leave Calculus for college, also, depending how much I enjoy honors pre-cal, I might adjust my decision.</p>