I know that UCSC does not have a real Business program but just a Business Managerial Economics course but I was wondering what school would attract more attention from Employers, especially in the finance department.
You just answered your question right there. SJSU would obviously seem like a better choice.
There are lots of good biz programs in CA - what are your qualifications, budget and interests?
SJSU business was listed as one of the top 20 programs that will make you rich in forbes.
Santa Clara Univ has good placement too