Wednesday, September 29, 2010

Economics versus finance degree

Can some one explain the pro's and con's of getting a Economics Degree Vs. Finance Degree




It's like the same f**king thing, but Finance sounds better.

theoretical government work vs. banking and investment work.

Wow, I'm in the same situation.
How much do you like Econ? Because usually with an econ degree you do other business related jobs till you get your MBA.
So to me it seems like finance would be the better option...
That being said I'm a finance concentration... and I might switch to econ...

Economics is more intellectual, finance is for stock brokers and other lower level activities.

theoretical government work vs. banking and investment work.

this.
Economics is more intellectual, finance is for stock brokers and other lower level activities.

bad dog. bad.

finance is more practical, economics is good if you want to be an academic.

Don't do either. The system has collapsed and there are no more I baking jobs for finance undergrads. If you get an offer, it would be trying to sell insurance.
Get a degree in accounting instead, and then go get an MBA at a top 15 B school if you want to work at a bank at anything other than a commissioned sales position (loan officer).
In this economy where you need a masters to sweep floors or 5 years experience anything in 'business' that doesn't require a professional certification (CPA, CFA, ESQ) is bullsh*t and will land you selling insurance.
Trust me, I had to go to law school to get employed. My brother got a 3.9 in finance and is unemployed and has to go to a +1 year to get a CPA while the mouth breathers all got jobs in accounting firms.
If you want to work for a bank with only an undergrad, become a Math major. You can get a job as an actuary.

Finance is for businesses and investments
Economics is more for long term planning
Marketing is for fa**ots who can't do anything

They're both good, worthwhile degrees.
What people don't realise is that just because you have an Economics degree doesn't mean DURR NOW U HAV TO BE AN ECONNOMISTT
An Economics degree shows you have a certain level of academic capability, and the ability to work hard to get something. You could do financial work etc with an Economics degree.
My mother is an accountant and she works with a lot of people who have degrees which aren't related to accountancy, finance, or even mathematics. One of the people she works with has a degree in Biology!
Anyway, IMO you should go for Economics.

Don't do either. The system has collapsed and there are no more I baking jobs for finance undergrads. If you get an offer, it would be trying to sell insurance.
Get a degree in accounting instead, and then go get an MBA at a top 15 B school if you want to work at a bank at anything other than a commissioned sales position (loan officer).
In this economy where you need a masters to sweep floors or 5 years experience anything in 'business' that doesn't require a professional certification (CPA, CFA, ESQ) is bullsh*t and will land you selling insurance.
Trust me, I had to go to law school to get employed. My brother got a 3.9 in finance and is unemployed and has to go to a +1 year to get a CPA while the mouth breathers all got jobs in accounting firms.
If you want to work for a bank with only an undergrad, become a Math major. You can get a job as an actuary.

F**K YES MATH REPRESENT!
Getting my MS.
Also, a stats degree can be good preparation for actuarial work as well.

Don't do either. The system has collapsed and there are no more I baking jobs for finance undergrads. If you get an offer, it would be trying to sell insurance.
Get a degree in accounting instead, and then go get an MBA at a top 15 B school if you want to work at a bank at anything other than a commissioned sales position (loan officer).
In this economy where you need a masters to sweep floors or 5 years experience anything in 'business' that doesn't require a professional certification (CPA, CFA, ESQ) is bullsh*t and will land you selling insurance.
Trust me, I had to go to law school to get employed. My brother got a 3.9 in finance and is unemployed and has to go to a +1 year to get a CPA while the mouth breathers all got jobs in accounting firms.
If you want to work for a bank with only an undergrad, become a Math major. You can get a job as an actuary.

>The system has collapsed and there are no more I baking jobs for finance undergrads. If you get an offer, it would be trying to sell insurance.
all of the IBs are rebuilding staff numbers after having fired during gfc; i suspect the problem is more that you haven't the talent to be invited to interviews.

Well I am personally interested in getting a junior trading/analyst job once out of college. The reason im stuck between the two is simply because one of my main role models is Warren Buffet and he received an economics degree as did some of the highest preforming hedge fund managers.


>The system has collapsed and there are no more I baking jobs for finance undergrads. If you get an offer, it would be trying to sell insurance.
all of the IBs are rebuilding staff numbers after having fired during gfc; i suspect the problem is more that you haven't the talent to be invited to interviews.

I suspect you are a ni**er with poor reading comprehension. I have a job. I went to law school, passed the bar and am now employed doing real estate law.
Keep believing whatever career services tells you that these companies are 'rebuilding', lol.

I do econ. This is what I have to say.
If you to steer away from the basic courses in econ you learn a lot of new and interesting things in history, philosophy, applied governance of nations and decision making. The courses could be pretty heterogeneous with different people coming in from commerce to arts to math guys. The teachers are usually in good humour.
In finance you learn how buy, sell and price financial instruments. The student body is made up entirely of people who believe that they will make 100k first year out of college and that money and stocks are the greatest things ever.
I honestly cannot say if either degree would give you better career or job finding prospects.


I suspect you are a ni**er with poor reading comprehension. I have a job. I went to law school, passed the bar and am now employed doing real estate law.
Keep believing whatever career services tells you that these companies are 'rebuilding', lol.

I have a job. I went to law school, passed the bar and am now employed doing real estate law.
I went to law school, passed the bar
I went to law school
I went to law
to law
law
heres your problem

Well I am personally interested in getting a junior trading/analyst job once out of college. The reason im stuck between the two is simply because one of my main role models is Warren Buffet and he received an economics degree as did some of the highest preforming hedge fund managers.

Well, not to burst your bubble here but unless you are going to school in NYC or a top 10 school you essentially have zero chance at that type of offer.
Also, don't go around saying Warren Buffet is your hero. It makes you look like a dolt. He took 50 million and turned it into 50 billion in 40 years by buying and holding blue chip US value. Unless you have 50 million of starting capital given to you out of Penn by your daddy you will not be Buffet.
Analyst jobs require a CFA designation. I suggest you look into what those requirements are first.


I suspect you are a ni**er with poor reading comprehension. I have a job. I went to law school, passed the bar and am now employed doing real estate law.
Keep believing whatever career services tells you that these companies are 'rebuilding', lol.

hoho what an asperous response.
to start, perhaps you should work on your own comprehension. that post considered only the state of hiring in IB and your ability to find a job in the industry. do you have a job at an investment bank? moron.
to conclude, i am a banker at one of the international IBs. i jumped ship *during* the GFC for a 30 per cent increase in my base salary. some have it; some don't. guess where you lie?

Here its called Economics and Administration, any clues what could be different from just economics degree like in US ?


Well, not to burst your bubble here but unless you are going to school in NYC or a top 10 school you essentially have zero chance at that type of offer.
Also, don't go around saying Warren Buffet is your hero. It makes you look like a dolt. He took 50 million and turned it into 50 billion in 40 years by buying and holding blue chip US value. Unless you have 50 million of starting capital given to you out of Penn by your daddy you will not be Buffet.
Analyst jobs require a CFA designation. I suggest you look into what those requirements are first.


Well, not to burst your bubble here but unless you are going to school in NYC or a top 10 school you essentially have zero chance at that type of offer.
Also, don't go around saying Warren Buffet is your hero. It makes you look like a dolt. He took 50 million and turned it into 50 billion in 40 years by buying and holding blue chip US value. Unless you have 50 million of starting capital given to you out of Penn by your daddy you will not be Buffet.
Analyst jobs require a CFA designation. I suggest you look into what those requirements are first.

I completely understand where your coming from, it was just an example relative to the discussion.
Anyways are you saying that there is zero chance of getting a junior trading job or that I will have that sort of success?


I have a job. I went to law school, passed the bar and am now employed doing real estate law.
I went to law school, passed the bar
I went to law school
I went to law
to law
law
heres your problem

Again, you are a ni**er with poor reading comprehension.
I was a finance major. I did not get a job because everyone's offer was recinded due to the crash.
I then went to law school and am now gainfully employed.
The only part of the story I left out for you was that our offers rescinded was after the tech bubble in 2000, not in the real estate bubble. I went to a top 10 school that was a GS feeder.
God help you if you ever have to take the LSAT or GMAT. You will get zeros in reading comprehension.



I completely understand where your coming from, it was just an example relative to the discussion.
Anyways are you saying that there is zero chance of getting a junior trading job or that I will have that sort of success?

Do Mathematics OP.
Like I said earlier, the area your degree in doesn't mean sh*t (as long is it's not Media or Fashion Design or something ridiculous). What matters is experience.

Economics = pretentious and sh*tty and more useless, but thought provoking and insightful
Finance = soul draining and dronish, but more useful and bling bling
Econ for sure


Again, you are a ni**er with poor reading comprehension.
I was a finance major. I did not get a job because everyone's offer was recinded due to the crash.
I then went to law school and am now gainfully employed.
The only part of the story I left out for you was that our offers rescinded was after the tech bubble in 2000, not in the real estate bubble. I went to a top 10 school that was a GS feeder.
God help you if you ever have to take the LSAT or GMAT. You will get zeros in reading comprehension.

>reading comprehension
why do you insist on using a term that you do not understand? there can be no comprehension of facts that are introduced only subsequently.
as for LSAT/GMATs, i graduated from law with honours. do continue though; your failure and bitterness make me smile.

Economics is more respected, and most top universities don't even offer a degree in Finance.
Finance may be more directly related to what you want to do, in an applied sense, but you'll miss out on learning all that foundational stuff that economics teaches.
Take econ.

Economics is more respected, and most top universities don't even offer a degree in Finance.
Finance may be more directly related to what you want to do, in an applied sense, but you'll miss out on learning all that foundational stuff that economics teaches.
Take econ.

respected? by whom? the public understands that economists are sibylline charlatans and, and financiers have always scorned the academic fools for their complete ignorance of how business works in fact.

Also if this even matters my prospective college offers a finance degree ranked number 11 in the united states.

Go into Economics if you think Ayn Rand is the greatest philosopher of our time and that becoming an Investment Banker sounds like "the most balla sh*t ever".


respected? by whom? the public understands that economists are sibylline charlatans and, and financiers have always scorned the academic fools for their complete ignorance of how business works in fact.

Innocent bystander here. I assume the person you're replying to means either respected by people in the academic field, or people in the fields of finance and/or economics.
Nevertheless, I applaud your willingness to speak your mind even if it's largely off topic. Your opinion is just as valid as anyone else's.


>reading comprehension
why do you insist on using a term that you do not understand? there can be no comprehension of facts that are introduced only subsequently.
as for LSAT/GMATs, i graduated from law with honours. do continue though; your failure and bitterness make me smile.


Again, you are a ni**er with poor reading comprehension.
I was a finance major. I did not get a job because everyone's offer was recinded due to the crash.
I then went to law school and am now gainfully employed.
The only part of the story I left out for you was that our offers rescinded was after the tech bubble in 2000, not in the real estate bubble. I went to a top 10 school that was a GS feeder.
God help you if you ever have to take the LSAT or GMAT. You will get zeros in reading comprehension.

STFU both of you. Lurk the f**k more you are nothing here. This isn't some forum or a face to face arguement you are anon your experience doesn't exist here. Sources or gtfo.



STFU both of you. Lurk the f**k more you are nothing here. This isn't some forum or a face to face arguement you are anon your experience doesn't exist here. Sources or gtfo.

oh god i've been told by a 16 year old who think's he's legion after one of his fa**oty friends sent him a link to this hilarious site with cats and gore and sh*t a year ago.

Go into Economics if you think Ayn Rand is the greatest philosopher of our time and that becoming an Investment Banker sounds like "the most balla sh*t ever".

that you are a terrible poster and say sh*t without knowing what you're talking about doesn't surprise me at all.
Most econ professors lean slightly to the left, and investment banks hugely prefer math, physics, and engineering majors to econ majors (all the students at your college who want to go into banking? They're probably in the math program and maybe taking a minor in econ, at that.)


oh god i've been told by a 16 year old who think's he's legion after one of his fa**oty friends sent him a link to this hilarious site with cats and gore and sh*t a year ago.

I am probably older than you are and I've been here longer and spent several hundred times as many hours. I hate the underage lol random culture more than anyone, you know nothing.
The design of this site promotes a certain type of communication. Your post makes it oblivious that you don't realize this. You are nothing here until you prove it, hell you could be every single person in this thread arguing with yourself. If you do prove who you are and what you have claimed then you are even more of an idiot because you have chosen this location to post, one that promotes anonymous communication and then identified yourself. Lurk for a few more years before posting you obviously havn't fully grasped this website yet. Sage for pointless arguing.


I am probably older than you are and I've been here longer and spent several hundred times as many hours. I hate the underage lol random culture more than anyone, you know nothing.
The design of this site promotes a certain type of communication. Your post makes it oblivious that you don't realize this. You are nothing here until you prove it, hell you could be every single person in this thread arguing with yourself. If you do prove who you are and what you have claimed then you are even more of an idiot because you have chosen this location to post, one that promotes anonymous communication and then identified yourself. Lurk for a few more years before posting you obviously havn't fully grasped this website yet. Sage for pointless arguing.

remember jeff k? no? shut the f**k up.
>WE ARE LEGION HURR


remember jeff k? no? shut the f**k up.
>WE ARE LEGION HURR

This isn't SA. Arguing with people here is pointless there are no names. And with that I am gone.

Economics is more intellectual, finance is for stock brokers and other lower level activities.

This is not true at all. I am majoring in finance, minoring in economics. Financial theory goes against a loooot of the current business practices in the field. I'd say it's rather critical, at least where I'm studying.
Basicially, finance is applied economics. If you are looking to work in finance, an economics degree will do just fine.
All in all, finance is challenging and interesting. Some people in the field work 20 hours a day. That's all I have to say.

NEED MOAR OPINIONS
Also, with an econ degree, how much math is involved, or, what type? Calculus? More advanced sh*t?
I'd like a degree in Econ, but god help me with my math skills.

NEED MOAR OPINIONS
Also, with an econ degree, how much math is involved, or, what type? Calculus? More advanced sh*t?
I'd like a degree in Econ, but god help me with my math skills.

Really not too difficult, If you're just getting a BS you'll have to at the very most take Calculus I and Stats.
If you want to do a graduate degree, expect to start taking a lot more math.

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