Why you should major in Economics

<p>Is this serious or a gag?</p>

<p>If you have an economics degree from the University of Chicago you have basically limitless possibilities in your life. That is one of the most respected degrees on the planet. I cannot believe we would even be debating an economics degree from Chicago vs. an accounting degree from UIUC. It’s like comparing a toyota to a mercedes.</p>

<p>Inmotion is right. Foolio, its really hard to believe someone who can get into UChicago doesn’t know this already. But, regardless, you should check into what sort of programs Booth does offer for undergrad. Usually when a school doesn’t have a complete undergrad major, they will still have a minor, a certificate program or a summer institute.</p>

<p>nice post!! i like it a lot…just like you, im also going to pursue my major in Economics =) bizstudent, actually both business n econs are complementary…so there is ntg to be mad at…i believe amazing likes econs not due to the higher salary or wages but appreciation for the field itself…no offence!!</p>

<p>@FootballBanker I went to DePaul University in Chicago, not known for Economics but I was a transfer student from Purdue doing a double major in Computer Science and Economics. Came to Depaul after two years and decided to pursue just Economics. I had applied to University of Chicago but my transfer GPA was too low according to them(it was 3.76).</p>

<p>Should I major in Economics or pursue a Finance degree from the business college at Penn State?</p>

<p>Do both. Double Major if you can.</p>

<p>By Juggernaut, “I had applied to University of Chicago but my transfer GPA was too low according to them(it was 3.76).”</p>

<p>Actually, it is not too low. You probably did not have anything besides a high GPA at that time. I am sure that if you tried to transfer to University of Chicago from a communtiy college with GPA (4.0), then they would say something else–to not accept you.</p>

<p>Juggernaut, have you graduated yet? I’m also doing economics/computer science double major. Why didn’t you go to the University of Illinois? And why would you go from a tier one to a tier three university?</p>

<p>@Inmotion12 If I would of went to UIUC it would have taken me about 2.5 years to complete my degree. I went to Depaul to finish my degree faster. Yea I probably lost a bit going there but ancient history. I deciding currently between going to do a MS in Econ or a MS in Finance. I was looking at UIUC programs for those.</p>

<p>You should consider an MBA in finance. Those dudes usually make more money and have way more career options than an MS in econ.</p>

<p>Am Engineering and Philosophy double major sounds rough. Wouldn’t English be better than Philosophy because it shows you can read and reason and plus it shows you can write?</p>

<p>No? Philosophy is way more demanding.</p>

<p>I’m doing accounting, I want to do accounting, I can’t do accounting with a degree in economics, I can work in finance, consulting, financial management, and coming out of business school also have knowledge in subjects like marketing etc. as well as some knowledge of economics, economics might get a higher salary and have plenty of job options but for me it isn’t something I want to study. I think if you do well in school and know your material you will do well. ex. marketing student with a 3.4 gpa will probably make more than a economics student with a 2.4 gpa. Just my opinion</p>

<p>There are a lot of accountants with degrees in economics. I don’t exactly how they got there, but they’re there.</p>

<p>I’m most likely going to go for a M.P.A. after I graduate in Econ. It always seemed like a perfect combo to me.</p>

<p>By Inmotion12, "There are a lot of accountants with degrees in economics. I don’t exactly how they got there, but they’re there. "</p>

<p>The only way they can get there is by having either masters or bachelors degree in accounting. For instance, my professor has bachelors in accounting and masters in economics, and he is also a CPA. He teaches both, accounting and economics. I think that this combo is better than bachelors in economics and masters in accounting, for it will take more time to get certified, and it is harder to find a job with economics BS vs accounting BS.</p>

<p>But how will it take longer? You still have to have 150 hours before you can sit for the CPA. I would say you are right about the difference in job prospects though.</p>

<p>I don’t think that’s entirely true Tosh. Go to indeed and type in the keywords: accountant bachelors economics, and you’ll find a lot of job postings for accountants that call for a degree in accounting, finance, or economics. Now this is obviously not very common, but it does exist.</p>

<p>I’ve heard of a lot of econ majors who have had trouble finding jobs especially in this economy. I think the average salaries are skewed because some people were able to secure jobs in wall street and make six figures while others are making a whole lot less. One of my majors is economics but I’m not quite sure what you can do with it. I was thinking about becoming a financial analyst but getting into a finance field in this economy is incredibly difficult. What else can you do with just a bachelors degree in economics in terms of employment oppurtunities (not graduate or professional schools)? I don’t attend a high level institution such as an Ivy League or schools around that level such as MIT or Stanford so finding a job in the finance field is most likely going to be difficult.</p>

<p>You don’t need 150 to take, you need 150 to be certified.</p>