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Double Major in Economics and Finance

som1som1 Posts: 506Registered User Member
edited March 2008 in Business Major
Hi, would it possible to do a dual major in econ and finance . I really dont have much of an idea what finance practically is but i like math bases stuff and i know that finance is really math heavy. Plus i just love economics and would like to pursue this.

So would it give me any advantage to do a dual major in economics and finance?

Any feedback will be appreciated :)
Post edited by som1 on

Replies to: Double Major in Economics and Finance

  • som1som1 Posts: 506Registered User Member
    anyone? :(
  • Myrmidon73Myrmidon73 Posts: 624Registered User Member
    I think if you get an econ degree, the marginal benefit of the finance degree is pretty marginal (unless you're at a top tier b-school, and mediocre econ program).

    If you have enough time and desire to double major, why not do econ and math (since you seem to like math). It will probably open a lot more doors.
  • crs1909crs1909 Posts: 1,217Registered User Senior Member
    Just out of curiousity, what are the main differences between an Economics and Finance degree?
  • tetrisheadtetrishead Posts: 502Registered User Member
    Economics, in theory, has very little to do with finance. It is the study of how a society uses limited resources, like energy, food, a currency, etc. It often factors in political and demographic realities. Finance is the study of... Finance, the financial markets, basic accounting, basic statistical modeling. I say in theory because plenty of economics programs focus heavily on business realities, but in general it's a question of whether you're more interested in the work you'd do as an economics major or as a finance major. You can tell the difference by looking at the courses in an average economics and finance program. Finance is generally considered more preprofessional, but it is my opinion that economics generally results in more well-rounded students that are stronger in math.

    The rule of thumb is if you're interested in working in "business," and you're deciding between economics and finance, your best bet is to pick the program that is better at your school. Despite the fact that the core courses are different, oftentimes the electives overlap which makes a double major almost redundant.
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