<p>Hello. I’m planning on double majoring in Economics and Finance. I am not sure if I want to puruse a career in business or law. Economics is good for MBA and Law Schools. What do you think?</p>
<p>”A study by Craft and Baker (2003) published in the Journal of Economic Education found that lawyers with degrees in economics earned $10,000 more per year than the average lawyer with another degree.”</p>
<p>”Ed Tom, the former director of admissions for the U.C. - Berkley law school explains: “Of all majors, economics ranks in the top four or five consistently year after year for both applications and admissions… Logical reasoning and analytical skills are critical to legal studies” (Craft and Baker, 2003).”</p>
<p>”According to the latest data available, economics majors ranked first among majors with at least 2,200 students taking the LSAT. Economics majors earn an average score of 156.6, which is in the 72nd percentile.”</p>
<p>*Do Economics Majors Make Better Lawyers? | Whittemore School of Business & Economics</p>
<p>”Economics is also excellent preparation for an MBA. The same Wall Street Journal article quotes Richard Silverman, executive director of admissions at Yale School of Management, as saying “The best people are more frequently taking economics as their major than they were a decade ago.” He goes on to say “It shows they have the intellectual fire in the belly to perform well in an MBA program.””</p>
<p>*Why be an Economics Major? - Quinnipiac University – Hamden, Connecticut</p>
<p>“The average score of economics majors on the Graduate Management Admissions Tests exceeds those of nearly all humanities and arts, social science and business undergraduate majors but not those of most natural sciences, engineering and mathematics majors.”</p>
<p>*GMAT Scores of Undergraduate Economics Majors
*SSRN-Econ Majors Score Well on the GMAT Too! by Terry D. Monson, Paul Nelson</p>
<p>Econ majors do exceptionally well in Law and MBA schools. Not to mention being the 2nd highest paid undergrad degree if you decide to not go for higher education… And combined with Finance… there’s really no way you can go wrong with that double major combo.</p>
<p>That’s sounds good. I’m planning on doing the same thing.</p>
<p>Totally pointless to double major.</p>
<p>^why do you say that? I think it’s a good idea because finance is the more hands-on, readily applicable way of viewing the markets, and econ will supply the theoretical perspective and will better one’s quant ability.</p>
<p>knowledge in finance can also really help you in your personal life, outside of your salary. And economics is a great major for either graduate school or just high-paying employment.</p>
<p>I think I’m going to aim for a similar double major.</p>