Accounting/Econ Double Major

centerklaus
Mon, 03 Dec 2012 15:44:14 +0000

Acct and Finance would have been a great combination
since Investment Banking requires a lot of spreadsheet analysis and modeling.
However, if your school doesn’t allow you to do so,
Econ and Acct might not be a good substitute.
Economics and Finance might seem similar in many aspects
and they do concern the same issues in the area of financial economics.
But they are quite different in many ways.
Economics is the study of choice as you know while Finance is the study of money,
assets, wealth, etc.
In college, if you study economics, you would focus on industries if you do micro
or market, countries, and maybe the environment if you do macro.
In finance, you would study risk and return of financial products if you do investment banking or how companies finance their operations if corporate finance.

With accounting and finance together, you can analyze the financial statements and evaluate the risks and returns of the companies. But economics do not specialize in that area; therefore, it is not a very well complement with accounting.

If you are interested in accounting, I would suggest you to see if there’s a faster track to obtain your Master degree in Accounting and get your CPA asap.
The market needs CPA more than people who have taken a few ACCT courses only.