Welcome to College Confidential!

The leading college-bound community on the web

Sign Up For Free

Join for FREE, and start talking with other members, weighing in on community polls, and more.

Also, by registering and logging in you'll see fewer ads and pesky welcome messages (like this one!)

As a CC member, you can:

College Confidential’s “Dean,” Sally Rubenstone, put together 25 of her best tips. So far, the "25 Tips from the Dean" eBook has helped more than 10K students choose a college, get in, and pay for it. Get your free copy: http://goo.gl/9zDJTM

Business vs. Economics vs. Finance

TheBausTheBaus Registered User Posts: 65 Junior Member
edited August 2010 in Business Major
What are the difference between the three? Is business an umbrella term for everything? Is economics more theory while finance is more Wall Street-ish application?

So many questions... thanks!
Post edited by TheBaus on
«1

Replies to: Business vs. Economics vs. Finance

  • darkdreamdarkdream Registered User Posts: 391 Member
    Economics is more theory based and not quantitative at undergraduate level, knowledge you get will not prepare you for real world work. If you are looking into "wall street-ish application" look into statistics or mathematics - quantitative analysis are the demanded.
  • whatasunnydaywhatasunnyday Registered User Posts: 261 Junior Member
    Whatever your school is ranked highest for/you find most interesting. I highly doubt any path will take you extremely different places. Just don't forget to take a few accounting classes.
  • footballfan832footballfan832 Registered User Posts: 168 Junior Member
    thebaus, what school are you going to?
  • JuggernautCos0JuggernautCos0 Registered User Posts: 163 Junior Member
    I would like to disagree with darkdream, my degree is a BS in Economics specializing in Quantitative Economics. I had two undergrad Econometrics courses, Mathematical Economics, Business and Economic Forecasting. My major was in the Business school, so I have a B.S.c. (Bachelor of Science in Commerce) which has prepared me wonderfully for real world business. A B.S.c. is a business degree, I have taken finance, management, accounting, and marketing courses. As well as Stats and Quantitative Reasoning finance courses.

    Now a BA in Economics is a theory based degree.
  • Inmotion12Inmotion12 Registered User Posts: 1,042 Senior Member
    darkdream is talking about the intro economics courses that anyone can take. Most undergraduate upperclass courses are quantitative in nature which is why calculus and statistics are required before taking them.
  • darkdreamdarkdream Registered User Posts: 391 Member
    ^ No I am not. Upper Division Econ at top universities are not even quantitative. Simply requiring basic calculus and statistics does not make a major quantitative. Econometrics is essentially a watered down statistics course with some techniques that also have some economic theory involved.
  • JuggernautCos0JuggernautCos0 Registered User Posts: 163 Junior Member
    Have you ever taken Econometrics?
  • ToshtemirovToshtemirov Registered User Posts: 653 Member
    JuggernautCos0,

    What about BBA in economics? Is it more business oriented than BS?
  • JuggernautCos0JuggernautCos0 Registered User Posts: 163 Junior Member
    Depends on the university, a BBA applies the tools of economics to the study of business problems. A BS and a BBA tends to be more math base than a BA. My degree is a BSc which is similar to a BBA. BSc for my university stood for Bachelor of Science in Commerce. BA is more of a traditional economics degree focusing on theory but all upper level economic courses involve math in one form or another (except for economic history courses or Development of Economic thought courses).
  • ToshtemirovToshtemirov Registered User Posts: 653 Member
    And does it matter when the economics program offered by a business school, instead of social science department/whatever. Does it make economics program more prestigious? Because some people say that usually people who chose to major in economis did not get into a business school. For instance, in my school, only a business school offers this program, BBA in economics. So, does it mean that it is better?
  • JuggernautCos0JuggernautCos0 Registered User Posts: 163 Junior Member
    No, its different. A business school that offers economics will give you a business core with economics, which is more marketable in finding a job in business. A LAS school will offer economics with a LAS core, going into business without a basic understanding of accounting, management, marketing, statistics, and finance might be tough (in my opinion).
  • noodleslinoodlesli Registered User Posts: 587 Member
    So what can people do after a math degree?
  • JuggernautCos0JuggernautCos0 Registered User Posts: 163 Junior Member
    After a math degree you can work in trading, quant work, strategic and forecasting work, and consulting.
  • noodleslinoodlesli Registered User Posts: 587 Member
    So math major is a very good major which provides a lot of opportunities after graduate?
«1
Sign In or Register to comment.