<p>ok so i want to major in business but i am not sure what the distinction between business and economics is. could any of you guys help clarify this for me?</p>
<p>Economics is usually (and I am generalizing) more theory-oriented and intellectual and focuses purely on how and why money does what it does.</p>
<p>Business is usually more practical and broad in that it may include classes on how to manage a business and how to market a product/service. Less of the focus is on pure theory. For example, you are way more likely to take a class on the hypothetical effects of labor reform in China in Econ than business, while you are more likely to find a course on human resource management in business.</p>
<p>oh. which one is better for recruitment? i want to work at like bain capital</p>
<p>Undergrad is usually more important for recruitment. I don't think major matters as much.</p>
<p>which one is easier to get high gpa then?? i heard economics involves a lot of math and for someone like who got a 640 in math 1 on SAT and 690 in math 2 for sat 2, that is frightening.</p>
<p>Business majors (marketing, management, etc.) are generally regarded as "easier" than Econ majors, but the best way to gauge this is to ask people at the school you'll be attending.</p>
<p>IMO, an economics major is better for undergrad. </p>
<p>Increasingly, an MBA is now viewed as an essential requirement for top jobs. Undergrad business major is an "MBA-lite". If you want to go on to get an MBA, you'll be rehashing a lot of stuff learned as an undergrad business major.</p>
<p>just to be a bit more clear on this: business majors and econ majors are two totally separate things, and you really cannot classify one as easier than another because they are so different -- economics is more theoretical and discusses things like supply / demand, monetary policy, importing / exporting, etc. business typically deals with one of the various disciplines, namely finance, marketing, o.b., i.s., etc. and generally speaking deals more with management. if you want to work at a company like bain, you should look into business-finance, or a joint finance-econ option...both of these do deal heavily in math though, so you've been warned ;)</p>
<p>Whether business or economics is better for recruitment depends on the specific school you attend. If your school offers an undergrad program in business, you should major in business. For instance, business majors at UPenn and NYU generally do better at being recruited than econ majors at those schools. The econ majors at those schools tend to go into research. However, if your school doesn't have an undergrad business program, you will not be at a disadvantage with an econ major (or any other majors such as history, English literature, art history, computer science, biomedical sciences, etc.) if you attend a top school (Harvard, Princeton, Stanford, Dartmouth, Yale, Columbia, UChicago etc.).</p>
<p>OP -</p>
<p>I was econ and linguistics undergrad (Stanford/UCLA), then got my MBA (UCLA). A long time ago :)</p>
<p>MBA classes that I can remember:</p>
<p>Accounting (2)
Finance (2)
Operations Management (2)
Marketing (2)
Information Systems Management (1)
Econ (2)
Strategy (2)
Principles of Management (1)
Statistics (1)
Business Law (1)</p>
<p>a bunch more I cannot remember off hand. You see from the above that econ/accounting are only about 25% of an MBA thematically.</p>
<p>P.S. I have read that currently MBA adcoms are looking for enterprising, intelligent, high energy people who majored in art history, sociology, linguistics, physics, math... almost anything BUT economics or business. The only caveat is that you HAVE to have demonstrated an ability to handle the simple calculus needed even in the non-finance concentrations.</p>
<p>Economics is more interesting :)</p>
<p>oh seriously? thats cool</p>