<p>I know UChicago's exellent economics program is based off theory, but is there any part of it that can be practical? Stuff like stock investing strategies, or banking and accounting? If not, how much does the economics degree help for a person trying to get an MBA degree?</p>
<p>I know someone who graduated with an economics degree from Chicago a year ago. He is now working at a hedge fund, so it sounds like they prepared him well enough.</p>
<p>erm...what you actually study i doubt is all that useful. but the degree is certainly useful for getting a job in banking!</p>
<p>LOL! If that's true, wouldn't that mean that UChicago Econ grads would flop in the banking/investment biz? Or at least not outperform a finance or business major from other schools? Which would in turn mean that companies wouldn't be recruiting UChicago Econ grads. I mean I HAVE always heard that Econ is thoery based there, but it's gotta have SOME connection with the real world right?</p>
<p>You're allowed to take a couple courses from the Business school, but I don't think that many actually do. I imagine success in the business world stems from two things, though I cannot say for certain:</p>
<p>1) Excellent quantitative skills
2) Landing summer internships</p>
<p>To clarify, econ grads aren't the only people recruited by the businesses. There was a joke told in a Society of Physics Students meeting that I went to, and the joke wasn't very funny, but the idea was that a lot of Physics majors end up being consultants instead of going on for the PhD and becoming physicists. I don't imagine that the physics curricula mentions securities analysis or such at all, so I would infer that the recruiting is often based on the idea that the kids are clever and will pick up the skills very quickly.</p>
<p>Perhaps reading this might help: <a href="http://www.theatlantic.com/doc/print/200606/stewart-business%5B/url%5D">http://www.theatlantic.com/doc/print/200606/stewart-business</a></p>
<p>Perhaps one should forgo Economics as well, and study the Humanities</p>
<p>
[quote]
THE MANAGEMENT MYTH
Most of management theory is inane, writes our correspondent, the founder of a consulting firm. If you want to succeed in business, don’t get an M.B.A. Study philosophy instead.
[/quote]
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<p>drummerdude, be under no delusions haha....most things u study in university will not be used in real life. what's more important is how agile your mind is.</p>
<p>if u grad from uchicago econs, you should be successful to some extent in most areas of work. there's gotta be some brains up there working overtime if you grad from uchicago after all.</p>