You’ll have to determine which type you’d like to do. There are three types of finance: personal finance, corporate finance, and public finance. Specifically, the major explores money management and creation, as well as credit, investments, assets, banks, and more. As an economics major, you’ll usually have the opportunity to focus on one of the two.įinance takes a look at financial systems. Macroeconomics focuses on the larger economy itself, while microeconomics examines individuals and organizations. There’s still a lot of math involved, even though it is considered a social science.Įconomics breaks down into both macro and microeconomics. It’s important to keep in mind that economics is actually a social science that explores how goods and services are exchanged and how human behavior affects these dynamics. An economist takes a look at the big picture. You will learn about capitalism and other systems that drive a nation’s economy. Finance and economics will both have overlap as they are related disciplines however, there are some distinctions worth mentioning.Īs an economics major you’ll take a global, national, and local view of markets and what makes them work. You’ll learn the other needed skills as you progress through the courses in your chosen major, and continue to develop them as you grow professionally after college. Qualitative and statistical analysis skills.Knowledge of spreadsheet programs and best practices.Ability to analyze lots of data and numbers.Students in both of these majors will need to make sure to develop similar skills to succeed in future careers such as: As you advance in your major, you’ll take different courses like financial management for a finance major and macroeconomics for an economic major. Both majors will have a lot of the same core classes, such as Introduction to Business or Accounting 101. Whether you choose finance or economics, you’ll be learning similar skills. Learn more about finance and economics majors in this post so you can determine which one may be the best fit for you. If you love math and analytical thinking, then two options you may want to consider are finance and economics. To pick this, you want to think about what you’re interested in as well as what fields have solid career options and projections. One big choice you’ll have to make when going to college is deciding on your major.
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