As long as you’re going through the business school your networking opps will be the same. Press question mark to learn the rest of the keyboard shortcuts, https://catalog.ufl.edu/UGRD/colleges-schools/UGLAS/ECO_BA/#modelsemesterplantext. In finance programs more people come from/are currently in industry (at least in my experience) and they tend to have more of an emphasis on recruitment/networking. To me, most upper level class seemed like a specialized repeat of advanced micro and macro Econ classes. A double major, or dual major, is the act of pursuing two majors, with both typically falling under the same degree. I met employers that wouldn’t visit the Econ department and stuck only to the business school. For example, Public Finance, Monetary/Fiscal Policy-related courses are great, and normally taught in economics departments. Just finished my first year of bachelor of commerce at melb uni here and wanted to know if economics is really all that beneficial for landing a job in the finance sector – particularly banking, but really i just want a career in the finance industry. Finance vs. Economics: An Overview . New comments cannot be posted and votes cannot be cast, More posts from the AskEconomics community, Looks like you're using new Reddit on an old browser. If you do accounting, you will probably find a decent job doing accounting. Typically you wouldn't double major in finance and economics because the departments are housed in completely different colleges. Many people don’t realize how many different roles and job opportunities exist within the finance sector. But the university I plan on transferring into recently started a program where you could earn your bachelors and masters (though without the thesis) in Econ at the same time. I plan to attend St. John's University in New York in the fall. Honestly I think the biggest difference would be the ability to network. And from what I’ve heard, the course are pretty easy and people typical double major in it anyways. ), and maybe even a little SQL and vba, as that will help save you a lot of time when it comes to the duties in FP&A. It takes a unique variety of skills and characteristics to excel in this career. I'd say the hardest thing being an econ major looking for Finance roles, is convincing hiring managers you know what you are doing. I'm a Senior Finance student at UF, I can tell you it is the harder path of the two, having been through it and having friends going down the econ route. But this depends, if you want to go into finance then econ major is good if you focus on Finance classes. I think the consensus seems to be that the econ undergrad is generally very theoretical and broad, whereas a degree like finance is much more applicable and specialized. I would like to get into an FP&A role witha finance degree + programming skills, revisiting this.. I remember my economics professor asking why McKinsey didn’t come to campus. On the other hand, the same university offers a BA economics degree, which is much easier to transfer into. This is a popular and lucrative business major for both undergraduate and graduate students. Some business schools have economics specializations too. Im an economics major and spending the entire upperclassman years taking financial economics courses like asset pricing, corporate finance, portfolio management, etc. Having to be this good with numbers and future thinking also puts this in the running for hardest college major. I was an Econ major as well and was disappointed at the lack of finance related courses that were offered. On the other hand, the same university offers a BA economics degree, which is much easier to transfer into. (St. John's doesn't allow freshmen to double major right away. Econometrics is very practical but unless you're taking the courses at a PhD level, you'll have a superficial understanding of the material. You could do a dual degree but there's little reason to get two degrees -- it's a lot of work. 19. Business gave me all of my finance and accounting courses along with my global management, marketing, and MIS pieces. That isn't to say that econ is a bad degree or that you couldn't work in finance with an econ degree, but I think people typically use an econ degree as a stepping stone for further schooling (master's, law school, etc). And does it even matter since it’s coming from a non-target university? It's not that I'm worried about that, just curious as I've seen a lot of job descriptions mention presentations and powerpoint. Although they are often taught and presented as separate disciplines, economics and finance are interrelated and inform and influence each other. If you do economics, you will probably not find a decent job doing economics. Economics majors at my school faired better than most finance majors in terms of securing jobs/good pay. I was an econ major who currently works as a lead Financials analyst. In fact, the only difference between most majors is a total of six courses, which, with proper planning can be finished on time or even early. At my school, economics was considered a bachelor of "arts". ... Plus doing accounting knocked a 33 credit finance major down to 24. Even Masters degrees in the subjects can have math prereqs that far exceed anything an econ major has to take. In order to pursue the double major, both programs need to be offered as part of the same degree type; some schools offer economics and computer science as bachelor of … Economics and finance are two different disciplines on the basis of their scope of work. In no specific order, the top ten double-major combinations here at ASU's W. P. Carey School of Business … Or possibly majoring in one and minoring the other? Some of the best double majors for business administration can highlight a core MBA subject such as finance, marketing, strategy, or economics. They base it on your academic performance of freshmen year) I really want to into investment banking and work on wall street. Do you think I would have a better advantage if I participate in this program? Real Estate Finance). The Fed banks will take a few undergrad econ majors for 2 years before they send you back to get a masters, but from what I hear its mostly just them teaching you how to apply the theory you learned. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Close. ), and maybe even a little SQL and vba, as that will help save you a lot of time when it comes to the duties in FP&A. And from what I’ve heard, the course are pretty easy and people typical double major in it anyways. Any advice is appreciated. This is pretty true. Or if you can do it, computer science looks good on a resume and it lacking in the industry. UF doesn’t allow a minor in finance; I’m not sure if that changes your recommendation. If you're trying to work in finance then major in finance. The best majors for landing a good job tend to be engineering, computer science and other rigorous fields that prepare students for specific work in booming industries. 3 years ago. But Finance can be the same way if you aren't careful. The business college Econ was pretty similar to the finance major except for a few classes. You will have a leg up on the ignorant Econ majors. I'd probably recommend to go for the Finance degree. Anyway, if you're interested in getting a job straight out of undergrad and if you're not mathematically-oriented, accounting is incredibly practical. So I go to a community college and plan on transferring to a non-target state school (University of Florida). The BS degree incorporates alot of Business and Economics courses (hence the Economics minor), but I don't know if an Economics minor ALONE is enough to get me a job in the Banking/Insurance Industry. At one time I was double majoring in finance and econ but I found out I had the option to change to a minor in econ and graduate a semester early. If you want to go to graduate school, then you should major in math and minor in Finance. Plus, I love learning about economics. New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community, Press J to jump to the feed. Finance and economics sounds great too. Question: how much speaking in front of people do FP&A's do? The Economics and Finance Double Major Degree prepares you to master the skills needed to excel in your chosen career. Accounting Double Majors: Did anyone major in accounting and finance or accounting and economics? Major: Accounting/finance (or, if your university doesn’t have these specific majors, something that has coursework in these areas). Do a lot of research on this before deciding major. But they’re different. all finance students learn the Capital Asset Pricing Model which is an economics model) but my impression is that, at the undergrad level, students don't do any rigorous economics. If this helps, my future plans is to work on the corporate side of finance, possibly FP&A. I've just started college as an economics major, and am now seeing many instances of people saying the degree is fairly useless unless paired with something or I go for a PhD, so I was just curious as to whether or not double majoring in both finance and economics would be a good decision in regards to getting a job? Why would you choose it over finance? Currently I work in financial systems more than anything else, but that more so is because of the company I work for. First be careful which economics major you are considering, when I was there you could major in Econ through the business school or through the liberal arts college. If you'd like to chat more, please feel free to pm me. I seriously don't know if I will have the financial resources to continue my education once my 4-year scholarship runs out. The finance major will come out with more industry-applicable projects and skills, but the econ major can make up any deficiencies independently. Economics vs finance accounting reddit financeviewer major So without the math, you're writing off becoming an economist altogether. I got interviews for summer internships with GS, JPM, and Citi in MO because I double majored in Economics and Accounting. But I feel like finance is a more respect degree than finance, is that true? An economics and finance double major is possibly the best degree combination in the commercial field. Market Failure) and finance has more technical classes (ex. If you’re going to work in finance, then just study finance. I was also able to take Public Finance, Monetary Economics, Forecasting, and Accounting. You can use an economics degree to study industry trends, labor markets, the prospects for individual companies, and the forces … Both finance and Econ are hard but that is irrelevant. The liberal arts college one was way easier, especially the classes for the last two years. Finance not only helps one to understand the markets but also a sense of self-money management techniques so … More is expected out of you quantitatively going this route. Econ seems to be more industry jobs and big picture economic stuff as finance is now zerod in on personal or banking. I'd suggest minoring in Finance, if your school allows it. in Economics and a B.S. I talked to some department heads and various professionals and they all told me an econ degree really wouldn't do much for me unless I had a master's in it. Generally, the majors have the same amount of math but econ has more theoretical classes (ex. I've never really heard anyone say finance is more respected then econ, if anything the opposite. If FP&A is your goal the finance route is much more straightforward, a good handful of my fraternity brothers all got FP&A roles right out of school with that major. I decided to do a double major in finance and economics (economics being a big interest of mine) in hopes of improving my chances for a job at an IB. Posted by 6 years ago. Plus, I love learning about economics. The thing is, the university only has a limited amount of space to accept transfer students and will only accept those with really high GPA. A degree in economics can help you get started in many areas, including public policy and finance. 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