Finance Major Vs Economics Major – Which Is More Profitable?
If you are a student in college economics, you are probably wondering which of the two majors is the smarter choice. There are many factors that go into this decision. In fact, not all of these factors are easy to figure out. However, if you use common sense and take all the necessary factors into consideration, you can make an educated guess as to which one of the two majors is better for your education.
The first thing that should determine which of the two majors is the smarter choice is the job outlook for the chosen field. An individual who is interested in working as an economist will be pleased to know that the job outlook for this field is good. Many economists are well paid and have excellent benefits.
On the other hand, those who are thinking about entering the field of economics may feel that a degree in finance will better prepare them for their career. This is not always so. In fact, many economists prefer the peace of mind that comes from being knowledgeable about certain economic issues. Economists also find the business side interesting. A degree in finance will allow an individual to enter the business world with a broad education and a broad range of skills.
Those individuals who are interested in economics may also prefer a more quantitative coursework
This can include courses such as microeconomics and macroeconomics. Those students may also prefer to study international economics or some variation thereof. In fact, many students who are majoring in economics opt to specialize in a particular area of the field.
Those students who are planning on entering the field of business should take a close look at the job market for graduates of an economics major. This field is projected to experience rapid growth. Therefore, many young people hoping to get jobs will be greatly disappointed if they choose a career in this particular area. Graduates should make sure they investigate entry level positions and internships. By doing this, they will give themselves a good base to start from.
As previously mentioned, there will be a great deal of growth expected in the field of business over the next few years. As such, demand for qualified finance professionals will increase. Individuals hoping to secure their place in the business world will do well to specialize in economics. Graduates will be prepared when the time comes to fill open jobs with a bachelor’s degree in finance.
Those individuals hoping to become doctors, lawyers, or other professionals that deal primarily with the financial aspects of the economy should consider specializing in economics. The job market for finance majors is expected to grow substantially in the next few years. Those looking to follow in the footsteps of former Wall Street CEO’s like Jack Lew and George Soros are sure to be pleased with this choice.
Businesses throughout the country depend on a steady flow of cash in order to operate smoothly
A high level of consumer confidence acts as a powerful driving force behind the economy. It is important for individuals aiming to enter the business world to choose a major in which they have an understanding of the theories that form the foundation of modern economics. The coursework for an economics major will include a thorough introduction to economic concepts such as supply and demand, profit and loss, and investment. During the course of a typical two year program, students will also learn about different economic policies, including why certain policies are adopted and why others are not. The flexibility of an online education allows students to continue their education while working full or part-time jobs while completing their degree.