How do you choose the right US university?

Many students talk about an interest in business as a career, and they immediately assume that a business degree is a must.  One of the questions that students often ask is, “What is the difference between a business degree and an economics degree?” While you can pursue any degree and find yourself on the way to a “business” career, we wanted to give our freshman readers a better perspective on the two majors.

Economics

Economics majors study economic models and theories to analyze how business activities can be complicated by factors such as taxes, interest rates, inflation, labor disagreements, and even the weather. Economics explores the wealth of nations, its origins in production and exchange, its allocation among competing uses, its distribution among individuals, and its accumulation or decline. Many issues of national and international policy are considered.

Business

Colleges that offer Business as a major offer a wide range of programs: accounting, finance, operations, marketing, communications, information systems and sports management are some of the vast programs offered.  Business majors study the buying, selling, and producing of goods, as well as business organization and accounting. They learn how to use the basic principles and techniques of business in a variety of workplaces.

Within the programs of study at various schools, there can be a wide range of areas where you can focus your interests such as  entrepreneurial studies and hotel management.  A business degree can be a great credential to have, especially if you target a skill set that companies are seeking. For examples, accounting and finance are areas where the quantitative skill sets are appealing to employers 

Do I need to have a business degree to enter the business world?

Both programs of study are great for students to pursue.  However, you do not need to receive business degree to be successful in the business world. 

Companies are looking for intelligent and motivated individuals that come to the corporate world with many different academic backgrounds. A specific business degree discipline might help, but some companies might want to have a student with a strong quantitative skill set or outstanding writing skills that might come from an economics or liberal arts degree background.  Unless a company is looking for a specific credential within a degree program – a CPA or specific software abilities, companies will teach