2 answers
Amy
Student
Hingham, Massachusetts
2
Questions
Asked
1114 views
What do economics majors do after college?
I am asking this question because I do not know what to major in. However, I am interested in economics. #major #undecided #econ
2 answers
Armin O.
Independent Finance Consultant | Change Agent | Process Optimizer | IT-oriented Finance Professional
4
Answers
Parsippany-Troy Hills, New Jersey
Updated
Armin’s Answer
Hi Amy,
I had a very similar dilemma when I started college and fortunately I had access to our Dean of college of business who helped me get on my way. What you choose will depend on your personality and preferences, so I'll just try to paint a picture about a couple of areas I got my education and work experience in.
- Accounting: This is an obvious safe choice, the world will always need accountants. The major may be a little dry, focusing on debits and credits, balance sheets and P&Ls, but more importantly the job itself will require a strong ability to understand numbers. You'd likely end up in a place where it will be common that someone throws numbers at you in a conversation and expects you to understand them. The good news is that jobs are abundant and there is almost a predefined path where you can start in Big4 fresh out of college, get some experience and then move into a nice corporate job.
- Finance: Like accounting, it will require a lot of number-crunching, reading and understanding financial statements etc. Unlike accounting, finance doesn't focus on making the entries and statements, but rather on analyzing existing financial documents, calculating ratios (I'm sure you've heard of return on investment) etc in order to guide investment decisions. It's less about tracking the money and more about managing it. Once you have a degree, there are good odds that you can land a junior level job either with Big4 or with one of the investment firms, but you have to be prepared to learn fast and roll up your sleeves in order to make a career in it.
One other interesting area, if your school offers it, is Management Information Systems (MIS) - this is where you focus not purely on the business side of education, but also on the systems that companies use to run their businesses. No business can operate today without big, complex systems and the support structure for those systems is immense. So, if you're IT-oriented and that tickles your fancy, it's also something to consider.
Good luck and feel free to reach out if you have more questions.
I had a very similar dilemma when I started college and fortunately I had access to our Dean of college of business who helped me get on my way. What you choose will depend on your personality and preferences, so I'll just try to paint a picture about a couple of areas I got my education and work experience in.
- Accounting: This is an obvious safe choice, the world will always need accountants. The major may be a little dry, focusing on debits and credits, balance sheets and P&Ls, but more importantly the job itself will require a strong ability to understand numbers. You'd likely end up in a place where it will be common that someone throws numbers at you in a conversation and expects you to understand them. The good news is that jobs are abundant and there is almost a predefined path where you can start in Big4 fresh out of college, get some experience and then move into a nice corporate job.
- Finance: Like accounting, it will require a lot of number-crunching, reading and understanding financial statements etc. Unlike accounting, finance doesn't focus on making the entries and statements, but rather on analyzing existing financial documents, calculating ratios (I'm sure you've heard of return on investment) etc in order to guide investment decisions. It's less about tracking the money and more about managing it. Once you have a degree, there are good odds that you can land a junior level job either with Big4 or with one of the investment firms, but you have to be prepared to learn fast and roll up your sleeves in order to make a career in it.
One other interesting area, if your school offers it, is Management Information Systems (MIS) - this is where you focus not purely on the business side of education, but also on the systems that companies use to run their businesses. No business can operate today without big, complex systems and the support structure for those systems is immense. So, if you're IT-oriented and that tickles your fancy, it's also something to consider.
Good luck and feel free to reach out if you have more questions.
Jeswin Issac
Double post grad
1
Answer
Updated
Jeswin’s Answer
Hi Amy,
Eco is a pretty good subject if you'r really interested in it. Good scope in banks and financial institution , to get the upper hand . If you ever wish to do your Masters I would definitely recommend, to do your Masters in the following field.
Statistics - Amazing opportunities with a Bachelor in economic and a master isStatistics especially in government organization.
Finance - Combination of economic and finance is the perfect mix.Great opportunities especially Big4.
Mathematics- If you could do your Masters in maths, that would be the perfect combination with the major in economics .
Eco is a pretty good subject if you'r really interested in it. Good scope in banks and financial institution , to get the upper hand . If you ever wish to do your Masters I would definitely recommend, to do your Masters in the following field.
Statistics - Amazing opportunities with a Bachelor in economic and a master isStatistics especially in government organization.
Finance - Combination of economic and finance is the perfect mix.Great opportunities especially Big4.
Mathematics- If you could do your Masters in maths, that would be the perfect combination with the major in economics .
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