Econ vs. Business Major—which one?

I'm a high school junior and I'm having a hard time deciding between an Economics and a Business major for college. What are the main differences between the two and are there any major advantages of one over the other? Your guidance would be very helpful!

Hey there! Deciding between Economics and Business majors can be a bit confusing, so I'll give you a brief overview of the main differences and advantages of each.

Economics is a social science that focuses on how individuals, firms, and societies allocate scarce resources. The curriculum typically includes subjects like macroeconomics, microeconomics, economic theory, and econometrics. An Economics degree can be more theoretical and analytical in nature, which can lead to careers in research, policy-making, or academia.

Business, on the other hand, is a more practical field concerned with the operation, management, and organization of companies. A Business major will usually cover subjects like accounting, marketing, finance, management, and supply chain management. This degree tends to be more applied and can lead to a wide range of careers in industries such as marketing, finance, HR, and entrepreneurship.

When considering the advantages, an Economics major could help you build strong analytical skills and problem-solving abilities. You may find this useful if you're interested in consulting, analysis, or policy work. On the other hand, a Business major offers a broad understanding of different functional areas within a company, which can be valuable if you want to pursue a career in corporate environments, start your own business, or work in non-profit management.

Ultimately, the choice depends on your personal interests and career aspirations. Research both majors and their potential career paths to help you make an informed decision. No matter which major you choose, remember that gaining relevant internships and real-world experience can greatly enhance your job prospects and overall college experience. Good luck!