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Economics v Business Management

Stiga6Stiga6 Registered User Posts: 2 New Member
edited June 2010 in Business Major
Hi everyone, I'm just looking for a little advise if anyone would be so kind.

I'm really torn between economics and business management. I'm currently attending Binghamton University and started as a polisci because I'm a strong at writing and debating, so I was planning to follow up with law school. While I haven't completely taken law school off the table, I am leaning towards an MBA now.

I'm not terribly strong at math so I believe I will have a better GPA studying business. I have also heard on a number of occasions the school of management is a bit easier despite being so highly regarded. I really have no preference on which I do, and because I'm not planning on doing grad school immediately I'm very concerned about initial job prospects following graduation.

I just don't really know which to choose. I'm hoping some people here who know much more than I do will be able to convince me to go one way or another given my circumastances. Thank you everyone.
Post edited by Stiga6 on

Replies to: Economics v Business Management

  • ToshtemirovToshtemirov Registered User Posts: 653 Member
    Probably, Economics is better if you want to pursue an MBA degree, for it is unwise to get bachelors and masters in one concentration (BBA and MBA). Even some graduate schools recommend their students to have a degree in something else, anything except business, but it is true only for an MBA students.
  • XptboyXptboy Registered User Posts: 321 Member
    I'd tell you to do what you enjoy more. If you want to go into management immediately after college then maybe management is probably the easier and more practical major. If you want an MBA, then your work experience is much more important than whatever major you had, so I'd just try and set yourself up for the best position possible.

    Economics on the other hand is more versatile and you will have more time to choose what field you want to go into. You might have to work harder though and show why you want this particular job since economics is not really a pre-professional major such as management or finance.

    Also remember that law schools couldn't care less about your major. It's all about the numbers. In fact, once you're in law school, it might help you with corporate or tax law if that is the type of law you want to practice. So your options are still wide open. Also remember, no matter how bad the economy is, you're more likely to get a job with a business degree than a polisci one.

    http://www.careers-in-business.com/
  • Stiga6Stiga6 Registered User Posts: 2 New Member
    Thanks for the responses guys. There was nothing I really liked about polisci so after law school became less of a priority I stopped considering it. I like politics and it will make my GPA high, but it's just too soft of a subject for me.

    I think my concern is really where I'm going to find the best job. Truth be told after a ton of research in the last day I think I'm favoring accounting in the school of management than the b.s. in management. I'm still a little concerned that I wouldn't perform well in economics because my math track record is a little messed up, but that's really because I used to hated high school and didn't go very often at all.

    So it's really do I think I will have better career potential with accounting or economics at this point. Again, I really appreciate the comments. Sometimes it helps sort out the junk we come up with in our head.
  • jonahrubinjonahrubin Registered User Posts: 547 Member
    My guess is that if you hated high school, you didn't get anywhere that great. Actually, pretty much no place that has an accounting major has an econ major with better opportunities. But you can always go to your school's career websites and compare the opportunities for each major. The fact that econ majors out of MIT get amazing jobs really doesn't have much to do with you if you get an econ degree out of Podunk U. An accounting degree out of Podunk U will probably at least get you a job doing accounting and not selling used cars.
  • XptboyXptboy Registered User Posts: 321 Member
    Again depends on what type of job you want. I'd say go for accounting if you're sure you want a job in accounting or finance but go for economics if you are interested in other business positions as well.

    One thing about the maths in economics and any other business major (accounting/finance) is that it's extremely rudimentary. You don't even have to learn the actual processes since a lot of it will be done by computer programs or will be taught with the theories etc... The only true maths courses you need (for most schools at least) are calculus OR calc for business and intro to stats OR stats for business, everything else will be taught to you in the classes.

    I'm not saying that knowing the actual mathematical concepts won't help, just that all the maths you do need to know will be taught in the classes you take unless there are certain prerequisites.

    EDIT: The poster above is also right imo. The people who get top business jobs and had economics or liberal arts majors usually come from the very top schools. If you go to a school that is not a target (out of top 30), then it's probably best that you pick an area of specialization so that you can at least get a good job in that area which you specialized in. Hence the reason I said: If you want to get a job in accounting, then major in accounting.

    Accountants need to get a CFA or CPA or some masters degree though and they usually get it straight out of undergrad. I'm not sure what it is but I think it's only like a 1 year masters program and then you end up working as an accountant and don't need an MBA. You may want to check on that though since I don't know as much about accounting.
  • phaethphaeth Registered User Posts: 107 Junior Member
    "the best job" is really subjective.

    Are you looking for high salary? Job security? Exit opportunities? Work/life balance?

    Finance, accounting, management, and econ all have the potential to lead to great jobs out of college, so you should choose the one that aligns most with your interests and with the type of job you want (IE do finance if you want to be an investment banker, do accounting if you want to work for a big4 firm, etc).
  • CoolbrezzeCoolbrezze Registered User Posts: 5,403 Senior Member
    I would suggest for you to do Economics. I myself plan to double major in Economics and Political Science.
This discussion has been closed.