Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

Business Majoring in economics, can you survive?

views
     
faceless
post Jul 12 2010, 12:17 PM

Straight Mouth is Big Word
*******
Senior Member
4,515 posts

Joined: Mar 2010
I am a econs grad and I agree with Icycokes except for the bold text.
QUOTE(icycokes @ Jul 11 2010, 07:08 PM)
you study econs you can work everywhere except those place where they need technical knowledge, because it is a general degree. just like BBA. it is not true you will be struggling in finding a job.

like many said, be prepared to further your study until phD level. you probably cant go far with just a degree.

i am studying it myself and from what i observed, most of the econs graduate will work as a small employee but however some (cream of the crop) did made it to investment banks and drawing high salaries.

BUT, i personally think a degree in econs is very good in terms of building your mind and thinking. it really helps you to think like an economist. econs people tend think and speak different from others. everything that goes into our brain will be analyzed with its costs and benefits.
*
Economist will focus more on how a particular market behaves. Perhaps business student focus more on cost and benefit analysis.

Only jobs in the Economic Planning Unit or Central Bank (Bank Negara) are deem related job for economist. As a result most econs grads end up in other sectors. Icy already share his thoughts on economist not in related field and I do not disagree.

I had to disagree with mumeichan. The level of math that is applied to economic are in no way inferior to the math applied in business. You think the finding the inverse of 2X2 matrix in SPM is hard? Try it for 16X16 or 5 dimensional (a,b,c,d,e) matrix. The differential and integral calculas is that of 3rd year level math. Once in fourth year, you will have to take econometric. Unless you have 2nd year level statistic you are do not have the prequsite for the course.

This post has been edited by faceless: Jul 12 2010, 12:19 PM
faceless
post Jul 13 2010, 09:55 AM

Straight Mouth is Big Word
*******
Senior Member
4,515 posts

Joined: Mar 2010
I wonder how many people agree with this statement below.
QUOTE(icycokes @ Jul 11 2010, 07:08 PM)
you study econs you can work everywhere except those place where they need technical knowledge, because it is a general degree.
*
Lets take it another step and ask if a duoble major (in another non technical field) would enhance job seeking opportunities?

Mumeichan,
Perhaps I misunderstood you. I would not deny a double major helps but only to improve you own knowledge. I am doubtful that it would increace your chance for a job. I did a double major in Sociology. I had a class mate that did a double in Econ and Math. We applied for a vacancy in an insurance company and to our surprise I got the job. In spite of being well verse in acturial math my friend did not get the job. What can I say. Lucky?

Diversity,
It is always good to study something that you like. It is the interest that will carry you through it and ensure success. I had lost interest in Economic after the the second year. I found Soicology more interesting and persue it for a second major. In spite of it loosing out in term of time to Economics (Econ yr2, Socio yr0), my interest manage to help me secure it as a second major. Of course I had to catch up on time by doing summer courses.

I had been in personnel and admin for about 15 years. Now I trade futures and equity.
faceless
post Jul 14 2010, 01:40 PM

Straight Mouth is Big Word
*******
Senior Member
4,515 posts

Joined: Mar 2010
QUOTE(icycokes @ Jul 13 2010, 09:48 PM)
does that degree helps you trade better?
*
Nope. Trading is a different ball game. It is also not a profession that you can pick up from books.
faceless
post Oct 4 2010, 02:50 PM

Straight Mouth is Big Word
*******
Senior Member
4,515 posts

Joined: Mar 2010
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
*
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

 

Change to:
| Lo-Fi Version
0.0133sec    0.71    6 queries    GZIP Disabled
Time is now: 14th December 2025 - 05:31 PM