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College and University Discussion
Reply to "Econ vs Finance"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Depends on the school. Economics majors at the vast majority of universities is terrible. It's basically a major for students that cannot excel in any other subject and want something vaguely "technical" for jobs. For schools with an undergrad business school that requires applying to get into, always go with Finance, and only Economics if Economics is also within the business school (i.e. at Wharton, not the liberal arts college at Penn). At these schools, Economics majors are basically kids who couldn't get into STEM or the business school. At the Ivies without business schools, generally the Economics major is chosen by kids that would've otherwise done finance. But even at Harvard and MIT, the Economics majors are relatively bad compared to other majors. It's a cash cow program, basically. [/quote] Very bias view of the Ivies... really bad advice. Econ majors from Ivy League and top Liberal Arts colleges get first dibs at most undergraduate finance, tech and business jobs. They make a lot of $$$ and more than most finance majors coming out of undergrad business schools. Check out feeder schools and majors at Poets & Quants. [/quote] No they don't, Math/Physics/Engineering/CS majors get first dibs at finance jobs and Engineering/CS/Math/Physics grads get first dibs at tech jobs (why would Economics majors get looked at for tech jobs...?) What is true is that many Math/Physics/Engineering/CS majors don't plan to work for Finance/Business, the firms hire the few who do and the rest falls to Econ grads, because students interested in finance/business do Econ in those schools. The reason that Ivy Econ grads make more than Finance undergrad B-school grads is because of the Ivy branding, not the Econ degree. Ivy grads could do History and make as much doing management consulting[/quote] Depends on the applicant’s other qualities... if it’s I-banking, the first crack is going to go to the varsity athlete who majored in Econ or Government. [/quote] ...That's entirely untrue. Why would Government majors be sought for investment banking? Unless its for government relations, or for management consulting jobs. [/quote] Because assuming they are at Harvard or similar, they would rather have a varsity athlete that did government for i-banking. It's not rocket science.[/quote]
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