<p>Okay, I need to decide between Rice University and the University of Miami.</p>
<p>I decided to major in Finance.</p>
<p>I really want to go to Rice because it's pretty chill and prestigious, but it doesn't have a Finance major. It has Economics, though. However, Rice offers MBAs in Finance. The location seems boring, though.</p>
<p>The environment surrounding UMiami seems exciting and relaxing. UMiami does have a major in Finance, so that's why I'm considering that school.</p>
<p>I'm wondering, what's the largest difference between Finance and Economics?</p>
<p>Would you choose Rice or UMiami? Please tell me why.</p>
<p>(Other schools I got accepted and am slightly considering are NYU, UMinnesota, and USC. Any opinions on those?)</p>
<p>Finance is the process where a personality looks at the financial status of a company and decides whether or not the firm should go ahead with plan A, or plan B.</p>
<p>Economics is where you see different types of economic models, whether it be from microeconomics, or macroeconomics, and make an analysis out of it. Should there be a problem, you attempt to solve it (i.e. a problem from a macroeconomic situation: decide whether it is best to use monetary, or fiscal policy to solve the problem)</p>
<p>Go to Rice…you’ll still get a job in Finance even though you take economics as your major</p>
<p>Harvard doesn’t offer an undergraduate degree in business or finance either. But almost anybody you ask would go to Harvard over Miami. Why? Because its a far better school. If you want to work in finance and you are choosing between Rice and Miami, then definately go to Rice. I would have to believe a much better tier of financial institution recruits at Rice than Miami.</p>
<p>Also, you won’t be doing an MBA right after school (at least not likely). Average MBA matriculation occurs about 4-5 years after you graduate from college. Now if you want to attend a top MBA program later on, it always looks good to have the better school on your resume. In this case you would want to choose Rice over Miami for your undergraduate studies.</p>