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Business Majoring in economics, can you survive?

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baoz
post Sep 16 2010, 08:28 AM

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Honestly, I always thought Economics is one of the more interesting finance-related courses out there that can make you climb pretty high.

It would probably be better if you could do a double major or double degree in Econs & Finance. Might widen your job prospects especially in the banking industry. This way you won't be limited to just investment/analytical jobs.

I'll share a bit on my relatives: I have 3 cousins who did degrees in economics..

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My POV is an outsider's POV. I'm from a totally different background (science)..
Winded
post Oct 4 2010, 12:45 AM

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QUOTE(diversity @ Sep 16 2010, 01:57 AM)
thanks man, I really like economics. But my seniors and lecturers told me economics is a dying course. Even my lecturers advise me to take accounting and finance. What about bachelor in banking? I heard there's a lot of economics stuff inside too. I'm being very cautious now because I really do not want to burden my family. Because I come from a family that is not that rich, so my parents expect me to lift some of their burden once I graduate and working. But I'm scared after I graduate I would join the unemployment ranks, that's why I'm having second thoughts. Sigh.
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I beg to differ on the notion that it is a dying course. Yes it may be very classical in certain areas, and hence may not be applicable to the current global economies, but what it envelopes spans beyond these. Like I said, it is more of a character and traits building subject than a subject where u take away a great deal of practical knowledge to be applied in real life. Again, I wish to reiterate on the fact that having an economics degree doesnt mean u will face gloomy career prospects, this is not true.

Like many mentioned here, its not so much of what u were equipped with, but rather what you'll be able to make out of what's given to you in life, to attain success =)

Best wishes! smile.gif

This post has been edited by Winded: Oct 4 2010, 12:45 AM
feynman
post Oct 4 2010, 03:46 AM

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QUOTE(baoz @ Sep 16 2010, 08:28 AM)
Honestly, I always thought Economics is one of the more interesting finance-related courses out there that can make you climb pretty high.

It would probably be better if you could do a double major or double degree in Econs & Finance. Might widen your job prospects especially in the banking industry. This way you won't be limited to just investment/analytical jobs.

I'll share a bit on my relatives: I have 3 cousins who did degrees in economics..

» Click to show Spoiler - click again to hide... «

My POV is an outsider's POV. I'm from a totally different background (science)..
*
Cousin 1 got into investment banking because he studied at Cambridge and not because he did an economics degree. You can come up with a history degree and still land a job in an IB because the university itself is elite enough for that.

Cousin 2 got just a job in a commercial bank, not a bad place to start but the salary is no where near a job at an IB. Reason being, UniWA and econs.

Cousin 3, not the best university around but the fact that he did finance in school means he could somehow demonstrate that he is cut out for IB.

The lesson here is, if you go to an elite school, any major is good enough. If you go to the rest, then you should concentrate on doing a finance major.
icycokes
post Oct 4 2010, 10:47 AM

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well said. anyone can go in IB as long as he is good. IBs will provide all the trainings you need.
faceless
post Oct 4 2010, 02:50 PM

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QUOTE(daccorn @ Sep 12 2010, 05:42 AM)
how about social economics ? = D go to PhD School and check out some of the threads under economics

imo there are 2 sides to economics - one that involves the number crunching and the other and involves a lot of understanding of history. My university falls on the number crunching side. Understanding of history and social theories falls in as an arts degree but its a lot cooler to me =D because anyone can number crunch their way through uni but to whip up a good argument essay needs a lot of reading of your history books + contemporary economics knowledge + day to day business changes.

Just giving my 2 cents I never studied economics though
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There are only two threads on economic in PhD School. Both were the same topic on the good and bad of capitalism. The threads are more on forummers opinion that actual academic debate. There are some threads that had been taged as economics by the TS but had nothing to do with economics at all.

Economics does not realy so much on understanding history. It more of understing how the market behaves. There is only one side to economics. I had a double major in Sociology and Economics. The disciplines do not overlap.

This post has been edited by faceless: Oct 4 2010, 02:51 PM
mumeichan
post Oct 6 2010, 01:04 AM

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QUOTE(faceless @ Oct 4 2010, 02:50 PM)
There are only two threads on economic in PhD School. Both were the same topic on the good and bad of capitalism. The threads are more on forummers opinion that actual academic debate. There are some threads that had been taged as economics by the TS but had nothing to do with economics at all.

Economics does not realy so much on understanding history. It more of understing how the market behaves. There is only one side to economics. I had a double major in Sociology and Economics. The disciplines do not overlap.
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Sure they overlap. Simple question, if something was priced at 0, how much would people want? That's something of interest in economics, sociology, psychology, politics and probably many other social sciences. There's overlap all around, it's just a matter or realizing it. And term's like economics, sociology and so on are just man made terms, it's only valuable in terms of language but as far as scientific inquiry is concerned, they're nothing more than over generalized classifications.
fino_abama
post Nov 19 2010, 02:49 PM

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QUOTE(Godalike @ Sep 14 2010, 10:45 PM)
still a general degree without any demands in the market. No need to take MBA or CFA cos waste time and money . With MBA or CFA never guarantee you a nice job


Added on September 14, 2010, 10:53 pm
to work in central bank. you must either a bumiputra or received a scholarship when studied in varsity and bond to work for them after graduation.
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Godalike,

What do you mean "With MBA or CFA never guarantee you a nice job"? Your statement is a bit vague.


Added on November 19, 2010, 2:53 pm
QUOTE(diversity @ Sep 16 2010, 01:57 AM)
thanks man, I really like economics. But my seniors and lecturers told me economics is a dying course. Even my lecturers advise me to take accounting and finance. What about bachelor in banking? I heard there's a lot of economics stuff inside too. I'm being very cautious now because I really do not want to burden my family. Because I come from a family that is not that rich, so my parents expect me to lift some of their burden once I graduate and working. But I'm scared after I graduate I would join the unemployment ranks, that's why I'm having second thoughts. Sigh.
*
Dear diversity,

You can branch into Banking or Finance. Both offers a good career. Keep your passion in economics alive. It will be useful no matter which field you go into (Banking or Finance).

Cheers.

This post has been edited by fino_abama: Nov 19 2010, 02:53 PM
TSdiversity
post Nov 21 2010, 01:33 AM

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QUOTE(fino_abama @ Nov 19 2010, 02:49 PM)
Godalike,

What do you mean "With MBA or CFA never guarantee you a nice job"? Your statement is a bit vague.


Added on November 19, 2010, 2:53 pm

Dear diversity,

You can branch into Banking or Finance. Both offers a good career. Keep your passion in economics alive. It will be useful no matter which field you go into (Banking or Finance).

Cheers.
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I don't think I'll take banking...since it's not really a well known course and its better to take a well-known degree for better recognition. And I herd even if you take accounting / finance you can still work in banks.\

As for finance, I'm still unsure..I kinda like finance..and I heard there are a lot of economical subjects in a degree in finance. But the thing is, by just taking finance ALONE as your major, is it advisable? I heard people telling me to always take accounting and finance but not finance alone, that way it'll be better.

TQ
someone_cs
post Jun 5 2011, 11:43 PM

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may i ask is it better to go for economic with finance or with marketing in dual major degree?

which one will be more suitable for both in studies and also for searching for a better job?
nerdyboy
post Jun 6 2011, 10:54 AM

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You can easily go in banking

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