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re: Somebody explain the practical differences between the various business majors.
Posted on 3/10/15 at 3:37 pm to Slippy
Posted on 3/10/15 at 3:37 pm to Slippy
accounting:prepares you to be an accountant. Doing taxes, tracking cost, ect. It's the most focused business major and also probably the most useful one. It takes a certain kind of personality though, analytical and detail oriented.
Marketing: study of how to sell things. This is the second most focused and second most useful business major. Requires a certain type of personality though.
Financing: all about investing capital and taking out loans. It's about interest and investing. Third most focused, 2nd most useless because few students actually get to go to finance jobs when they graduate, but the information is very good to know in general.
Economics: study of the economy. It's absolute bullshite because Keynesian economics (what your kid will likely be taught unless they go to Auburn or Loyola) is the kind of bull shite that says a broken window is good for the economy because then we have to pay to fix them, without realizing that the money used to fix the window would otherwise have gone to something more useful. Most useless business major as most economist positions are purely academic.
General Business: This is the most broad business major and pretty average for usefulness. One learns a lot that is very applicable to a wide variety of jobs, but the major is also held by so many people that it lacks much cache as a major. It's just really generic.
Marketing: study of how to sell things. This is the second most focused and second most useful business major. Requires a certain type of personality though.
Financing: all about investing capital and taking out loans. It's about interest and investing. Third most focused, 2nd most useless because few students actually get to go to finance jobs when they graduate, but the information is very good to know in general.
Economics: study of the economy. It's absolute bullshite because Keynesian economics (what your kid will likely be taught unless they go to Auburn or Loyola) is the kind of bull shite that says a broken window is good for the economy because then we have to pay to fix them, without realizing that the money used to fix the window would otherwise have gone to something more useful. Most useless business major as most economist positions are purely academic.
General Business: This is the most broad business major and pretty average for usefulness. One learns a lot that is very applicable to a wide variety of jobs, but the major is also held by so many people that it lacks much cache as a major. It's just really generic.
This post was edited on 3/10/15 at 3:40 pm
1
Posted on 3/10/15 at 3:44 pm to kingbob
I graduated with an Econ degree last year. I'm making $75,000 right now and I'm actually just about to switch jobs, so here's to hoping I'll get more.
Econ is really not even considered business anymore, at Auburn it isn't even part of the business program. Econ teaches you to critically think while learning social skills and how to analyze every situation. I can't even tell you how useful these skills have been to me. Also, I understand money, investing, and how to make more of it better than probably 98% of people in this country. But then again, my minor was finance as well.
I've always seen it as Econ > Finance > Accounting > all else.
You have a WAYYY higher potential to make more money in Econ than in the other 2 professions. Hell the starting salary of Econ majors is much higher than the 2.
ETA: Also every Economics major I have met have all seemed to be incredibly intelligent. Most of them are very wealthy (a few investment bankers, area managers, ect). And not many people doing Economics so when you meet another you say "eyyyy you went through all that shite too!?"
Econ is really not even considered business anymore, at Auburn it isn't even part of the business program. Econ teaches you to critically think while learning social skills and how to analyze every situation. I can't even tell you how useful these skills have been to me. Also, I understand money, investing, and how to make more of it better than probably 98% of people in this country. But then again, my minor was finance as well.
I've always seen it as Econ > Finance > Accounting > all else.
You have a WAYYY higher potential to make more money in Econ than in the other 2 professions. Hell the starting salary of Econ majors is much higher than the 2.
ETA: Also every Economics major I have met have all seemed to be incredibly intelligent. Most of them are very wealthy (a few investment bankers, area managers, ect). And not many people doing Economics so when you meet another you say "eyyyy you went through all that shite too!?"
This post was edited on 3/10/15 at 3:48 pm
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