Econ vs Managerial econ?

<p>Is there a huge difference between these majors? Do they prep you for different careers, or essentially the same ones? Also, which one is harder?</p>

<p>your questions are pretty general, so here's some stuff you can find on the website...</p>

<p>Economics is the study of how individuals, organizations, and societies choose among alternative uses of resources and how these resources are turned into the things people want.</p>

<p>The Program. Economics majors complete an introductory course sequence in economics, in addition to several courses in quantitative methods. Intermediate theory and economic history are taken on the upper division level and then students are free to concentrate the remainder of their units in various areas of interest, including more courses in economic theory or history, international economics, labor, industry, alternative economic systems, economic development, public finance, econometrics, or mathematical economics.</p>

<p>Internships and Career Alternatives. Internships for economics majors have been arranged at banks, brokerages, other business enterprises, and governmental units. The internships must complement the student’s course work. A degree in economics is excellent preparation for students who want to go on to law school, business school, advanced work in economics, or graduate work in international relations. It is also a good background for careers in management and positions with the government.</p>

<p>UC</a> Davis General Catalog | Economics | The Program</p>

<p>The Managerial Economics major at UC Davis is a disciplinary program combining strong preparation in microeconomic theory and quantitative methods. It prepares students for the analysis of management and policy issues in business, finance, production, agriculture, food distribution, natural resources, the environment, resource allocation, and markets in developed and developing economies. Students specialize in one of three options: (1) Managerial Economics focuses on the economic aspects of managerial decision-making. (2) Environmental and Resource Economics concentrates on issues related to the use of resources and environmental quality. (3) Agricultural Economics focuses on the economic and policy aspects of production and marketing of foods and fibers. Students in the Managerial Economics program develop valuable skills and strengths that lead to promising careers in business.</p>

<p>Internships and Career Alternatives. Students in managerial economics have opportunities to gain additional career information and preparation through internships in a variety of private business and governmental agencies. Graduates qualify for supervisory and management training positions in banking, finance, commodity and stock brokerages in the private sector, farm and ranch production, food and agricultural processing, agricultural sales and service, and a variety of agency career positions in local, state, and federal government. Students who desire additional training are well qualified to enter graduate programs in agricultural and resource economics, economics, business administration, or law. For more information, see UC</a> Davis / Internship and Career Center.</p>

<p>UC</a> Davis General Catalog | Managerial Economics Requirements</p>

<p>fwiw i'm a 3rd year econ major.</p>

<p>So is it tough for you to keep a high GPA? say... a 3.5?</p>

<p>Relatively speaking, a straight Economics major provides more theory and breadth while a Managerial Economics major is primarily concerned with macroeconomics, management decisions, and the application of theory.</p>

<p>If you want to focus on individual businesses, how they are run, and the way that various laws, theories and phenomenon affect them, go for Man Econ. This is also the better major if what you really want to do after you graduate is start your own business or go to work for someone else.</p>

<p>If you are interested in economics on a more academic scale, in how it relates to government or society, in its relation to other social sciences, or if you don't really know exactly what you want to do with your degree, go for pure Econ.</p>

<p>Either major at Davis will prepare you to enter an MBA program, if that's something you're interested in.</p>

<p>you mean man econ is primarily concerned with microeconomics, right? other than that, accurate.
also man econ is a BS while econ is a BA. econ is much lighter unit wise, and its being a BA makes it that much lighter than man econ. i'm halfway through a minor and may double minor, but if i planned things out right i could've double majored in four years. you have to take at least 180 units either way, but it's more structured in the BS.</p>

<p>Is it relatively easy to find a job after (or possibly before) graduation? What kind of companies hire econ/man econ majors and for what positions? Can they usually get starting salaries at around 50k or higher?</p>

<p>Economics by itself will have more opportunities for jobs, and indeed covers a lot of what Managerial Econ. covers. Many people may hire you, ranging from government jobs analyzing budgets to companies trying to maximize profits. Your salary depends on your experience. Try to get involved with internships early on. Good luck. (UCD has a great program where you can volunteer for the state during undergrad)</p>

<p>I'm an Econ major with friends taking econ and with friends taking man econ.
This is a controversial issue on which major actually prepares you the best. It really depends on what kind of job you want to take. If you want to go straight into banking/finance, then man econ would give you the edge in the first few months of the job (because you understand all the business terms). However, Economics teaches you to think critically and develops problem solving skills.
I am indeed biased, I love Economics because it really relates a lot to how real life is.
Economics may be hard to different people; i have a friend who doesn't really take school seriously, but i was kinda shocked to hear that she almost failed the intro economics class (which is a breeze).
From what I've heard, man econ is very general (it's not even really a business administration major), but it's the closest UCD has got for finance majors. IMHO, man econ is a 180 major which includes a big waste of units. You have to take a bunch of baloney intro science classes(which is good for discovering your major, but useless if you just care about finance). BUt Econ, is only a 64 unit major. That's 1/3 of the units for man econ. For econ, you can double major or minor in another discipline to fortify your quantitative skillsets or science, etc.</p>

<p>The minimum gpa requirement to get into man econ is a 2.8, which i find interesting because it basically says that if you don't have a 2.8 with this major YOU WON'T GET A JOB.
If you want to just use simple arithmetic for your life, then go for man econ.
Economics involves a little bit of calculus and even statistics.</p>

<p>All in all, i've been doing a lot of research on business and finance websites/forums to see which major really does prepare you better.
In summary this is what I have found:</p>

<p>Economics: develops analytical/critical thinking, better in the long run, problem solvers, (a little bit harder math-wise, because econ majors must take ecn102 which involves a lot of statistics)(64 units!!! that's like almost 1.5 class every quarter, you can double major in other complementary majors or back-up major)</p>

<p>Managerial Economics(finance): more practical in the business world, knowing what you're doing in the first few months of your job...which can give you the opportunity to shine, (easier math-wise, no required strong math course beyond intro calculus and intro stats)
if you do pick this major, i really emphasize you getting internships, real world experience, etc...because this major is really really general.</p>