Econ vs. Business Majors

<p>im unsure about which to pursue at university</p>

<p>which major gains more "rep","recognition" or "respect" in the financial world?</p>

<p>^ i dont know if thats the correct question to be asking, but could you guys please tell me the differences between them and the sorts of jobs they would each entail</p>

<p>Whatever..</p>

<p>The reputation of the school is more important.</p>

<p>I think this</a> link would help you regarding the career paths.</p>

<p>^ ive run a few searches to try and find answers, but all ive run into is a lot of contradictions</p>

<p>quite frankly those who have chosen one over the other are unable to give unbiased opinions</p>

<p>could someone please try to give an unslanted opinion of the differences between the two majors (in terms of content and job prospects and types)</p>

<p>The difference here comes down to what the degrees are really teaching. Business is actually a vocational study for those who want to go into business and want business experience. Generally this leads me to think that these people are more career oriented and will get an internship or job right out of business school. It seems to better prepare them for real business.</p>

<p>Econ on the other hand is still a liberal arts education in what is basically economic history, not necessarily the application of the material as it might be taught in a business major. Many top executives, etc, have majored in Econ and still gone really far based on the prestige of the school they went to. I agree with steevee^. An econ degree from a highly selective liberal arts school such as an Ivy League or equiv with, will probably equal out with a business, finance, management degree from a competative business school.</p>

<p>An Econ degree at which liberal arts schools would cancel out a business degree? Also a couple of major universities don't offer a business degree (Northwestern, Rice, Vanderbilt & Johns Hopkins). Would their econ degrees also cancel a business degree out?</p>

<p>Northwestern, definitely.
Rice and Vanderbilt, likely.
Johns Hopkins, maybe.</p>

<p>Economics (currently) does not focus much on history. The focus is more on quantitative analysis (obviously there is a qualitative element as it is a social science, but how much of a focus varies by the prestige of the school-- as a general trend), and is very much based in mathematics (You'll likely have to take Calc I, and Multivariable at the very least). A number of finance classes will also have a quantitative edge, although it will not be as theoretical as it is in economics. Having a solid background in quantitative thinking (whether it is in the business school or in Economics) is good for a number of business careers (it does give you an advantage over the less than your less than numerically inclined coworkers).</p>