<p>My father wants me to major in economics. He says that this will be good preparation for business graduate school. Is this true? What are some other reasons why econ. would be good to major in</p>
<p>you should major in what you want to major in.. do YOU want to major in economics?</p>
<p>(I hated economics)</p>
<p>Sorry to break the news, but dad is wrong. If you want good prep for an MBA an accounting degree would be better. Sure an econ class or 2 is going to be good to take, but business does not really care if you know econ theory (which you can't really apply unless you're a federal reserve official or something), they care if you can do the nuts and bolts of the job.</p>
<p>But the main reason dad is wrong is that I assume you want an MBA from a top school. To get into those you need 3-5 years of good job experience. To get a good job out of college you need to go to a good school (well, that at least gives you a leg up) and participate, get internships, etc. Major is relatively unimportant compared to your schools rep, your gpa, internships, and your personal qualities (eg. can you convince the interviewers to hire you?)</p>
<p>It is a good prep for future MBA's. I was an econ and math major. Those two actually go hand in hand as upper level economics is really a lot of math and statistics. The biggest difference is that in math you almost always reach a solution to a problem and with economics you reach a prediction that has no more than a 75% chance of being correct because it is always subject to uncontrollable variables. It is not for everyone and you have to like dealing with obscure concepts that most huiman beings know little about and don't want to. History majors get to study famous people, famous events, wars, and other fodder for great converstation at a party; economics majors get to study fed interest rates, exchange rates, taxes, deficits, and an amophous concept called "money supply," and if you ever bring any of these subjects up at a party you are assured of never being asked to attend again. Nevertheless, it is interesting, particularly if you like to think logically from step to step trying to figure out how and to what extent some event like the increase in the price of oil will ultimately result in movie theaters getting less business. It is the secret society of economists who get to learn and understand why George Bush (or any president) is actually a wimp when it comes to true power and that the most powerful man walking the earth at this moment is Alan Greenspan, the Chairman of the Federal Reserve Board, who, if he wanted to, with one statement, could literally destroy the world, and that statement would be, "I have decided to raise the interest rate by 10% effective immediately."</p>
<p>Most econ majors at top schools are highly sought-after in the business world...especially since most econ undergrads DO take math courses as well.</p>
<p>It's excellent prep for B-school, and more interesting than accounting.</p>