Best Bachelor Degrees in Economic Studies Finance 2024 (2024)

FAQs

Which major is better, economics or finance? ›

A finance degree might be more suitable if you are interested in managing investments, financial planning, or business finance. An economics degree might be more appropriate if you are engaged in economic research, policy analysis, or public service. Ultimately, the decision is yours.

A bachelor's degree is often enough to find work in the field, but some require a master's.

Work for a wide range of employers.

A minimum of a bachelor's degree is required for nearly all finance professions. Whether you want to work on Wall Street, for the SEC, or a financial planning consultancy, a finance degree will give you the foundational knowledge you need to start your career.

Studying economics and finance is an excellent idea for a number of reasons, starting from the careers you qualify for to the salaries associated with those positions. Through such a degree, you will equip yourself with finance skills you can use in economy-related jobs and others not related to it.

The earning potential and salaries are comparable between the finance and economics fields. While the professions are related to one another, they're also very diverse, and salary can range based on the type and level of the job. As candidates gain more experience, they can typically negotiate for higher salaries.

How much do economists make? The national average salary for economists is $101,813 per year , but the salary you may earn depends on factors like your education, experience level and employer. Some geographical areas also pay economists more than others.

Alumni with degrees in economics may attain positions in areas such as business management, finance, law, actuary, education, sales, administrative, and journalism in addition to economics.

A degree in economics can provide a variety of job opportunities in nearly every industry, from local government and the sciences to finance and insurance. While some of these jobs might require additional certifications or education, others are available to those with a bachelor's degree.

Economics is a hard major because it involves a lot of mathematics, statistics, and logic. You need to learn how to use different models, formulas, and methods to analyze data and solve problems.

Finance degrees are in much demand worldwide, with many different career path options and great monetary benefits. The Bureau of Labor Statistics forecasts finance-related jobs to grow 7% from 2021 to 2031, with an expected increase of about 715,100 new jobs and about 980,200 openings from growth and replacement needs.

Is finance a good major in 2024? ›

While the financial industry is traditionally associated with high wage earners, making it into the top three paying industries of 2024, there are 10 specific finance careers or jobs that hold significant salary potential and are showing promising signs of growth and industry demand.

A major in finance requires you to have a strong math and economics background. But don't let that intimidate you! With dedication, hard work, and a willingness to learn, anyone can succeed in this field.

BA Economics degree opens up diverse career paths across various sectors. Also, graduates may find opportunities in: Banking and finance: Economic analysis and forecasting roles in banks, investment firms, or insurance companies. Government agencies: Working in economic development, public policy, or regulatory bodies.

Finance degrees are generally considered to be challenging. In a program like this, students gain exposure to new concepts, from financial lingo to mathematical problems, so there can be a learning curve.

College majors like finance, business administration and management, economics, accounting, and mathematics are natural fits for Wall Street. However, firms do hire from any major if the candidate understands markets and business.

Is Finance a Hard Major? Finance is a somewhat difficult major. The difficulty with finance comes down to its concepts that students would not have experienced before in their lives, the financial lingo in the field, and the concentration of math in the subject.