I've heard a lot about how business/economics is a dying degree and isn't applicable in the real world. The reasoning, I guess, is that it is insanely competitive.
I've heard that banks tend to recruit from the top undergrad schools for business, and I'm not sure if I can make it into those. I have almost perfect grades/test scores, but I suck at writing and my ECs are probably below average. I don't want to be struggling after college, so I'm looking for further input.
Are these statements close to the truth or are people just over exaggerating things?
I'm not sure if I want to pursue academia in economics(research, analytical, etc...) or go into the world of finance. I would love if someone could offer me input on both options, some college choices that are good for each one respectively, and future prospects in the job market.