<p>I always here this claim. Why though? What makes it better than other majors? MBA programs don't really care about your major right?</p>
<p>And another claim I always hear from people is that ppl who major in business admin tend to have a lower shot than econ ppl? Why?</p>
<p>Your major does not matter. Your GMAT score, GPA and job experience are each much more important.</p>
<p>A lot of top schools don’t have business programs for undergrads, so a lot of the top students (who would be most likely to get an MBA) do economics because it’s the closest liberal art to business. They end up getting the same jobs that students from top business programs get, but there are a lot more top econ students than top business students. Also, a lot of students at top undergrads without business do well on tests and have strong GPAs, which are taken into consideration when applying for an MBA.</p>
<p>To sum it up, there really is no advantage to taking econ, unless the program you’re going to is significantly better and will get you a better job where you can get better experience.</p>
<p>Any good MBA program will teach you all the econ you need to know. It probably doesn’t hurt to take an econ course or two, if you are considering finance, lets say, if your college has no undergrad finance, just to see if you like something vaguely related to that way of thinking.</p>
<p>The main reasons to take econ undergrad for a prospective MBA</p>
<ol>
<li><p>You want to work between your BA and MBA (a very good idea, IMO) and econ can contribute to that post BA job</p></li>
<li><p>You aren’t sure about the MBA, and want a major you can do many other things with</p></li>
<li><p>You really love economics</p></li>
</ol>
<p>I majored in Econ undergrad, got an MBA, after many years doing finance (within a corporation) and some management consulting, I had sort of a mid-life/career crisis, and I ended up switching careers to something that played off my undergrad degree much more than my MBA, though without a completely radical break. It would have been much harder to do that if I had been, say, an English major. OTOH most people looking at MBA school aren’t picking their undergrad based on a future second career.</p>