Economics Major vs Finance Major

Ryan O'Connell, CFA breaks down the difference between an Economics Major vs a Finance Major.
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0:00 - Intro
0:39 - Salary
0:55 - Careers in Academia
2:00 - Careers in Industry
3:27 - Which is more interesting?
5:05 - Concluding Remarks
*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC

[@RyanOConnellCFA]

🎓 Tutor With Me: 1-On-1 Video Call Sessions Available ► Join me for personalized finance tutoring tailored to your goals: ryanoconnellfinance.com/finance-tutoring/

[@dankschang]

Finance is more applied & economics allow a macro perspective...both views are required to make strategic decisions. Choose a major to start, fill the gap on later. Think life long learning. The degree is only the starting point.

[@RyanOConnellCFA]

This is a great perspective Chang

[@I_Am_AVPH]

Greats tips

[@smplinvestmentsllc9915]

Universities need to have a combined Eco/Fin major :) I know so many people that majored in both including myself. Both are complementary to each other. I wish I was able to take one major but more classes from both areas.

[@RyanOConnellCFA]

That is not a bad idea! It actually makes me wonder why they don't do that lol. Maybe there is value in specialization? Interesting idea tho

[@kajab855]

@@RyanOConnellCFA sir, should I apply for Bs Economics and Finance or just in Bs Economics or Bs Finance in the university I am applying. Needs your humble suggestion.

[@RyanOConnellCFA]

@@kajab855 That is a tough call, and I'd need more information about your situation. Do you have more interest or preference in one than the other? Are you planning to go to grad school at some point in the future?

[@funhousebre8611]

I attend University of MD and the courses are combined there. You can also get a Accounting certificate with it. Of course you have to take extra classes.

[@echocharlie25]

at GCU they have a combined major

[@selenawang6653]

it is really helpful for a senior student like me to distinguish majors like these two thanks a lot

[@RyanOConnellCFA]

Glad to hear it was helpful for you and best of luck with your decision in choosing a major!

[@jorgedominguez496]

Good summary. economics might actually lead to a broader set of opportunities when looking for a job. This is because Econ teaches you to think rigorously. This kind of thinking can help you be successful in any role. Secondly, it is much harder to get into a good Econ phd program than finance. The math prerequisites alone make it much harder to succeed in Econ grad school.

[@RyanOConnellCFA]

That makes sense about the broader set of opportunities. Interesting point about a PhD in Econ being harder to get into the a PhD in Finance. I had always assumed it was the other way around as there are like 20 times as many Econ PhD spots open as Finance PhD spots in most schools

[@jorgedominguez496]

Just noticed I never replied back. I don’t have notifications turned, sorry. The open spots are probably due to applicants not meeting the math requirements to get into a good program of people just find the requirements too strict compared to business programs.

[@mirsadulloabdullaev830]

I am enjoying your videos, short and concise. Thank you

[@RyanOConnellCFA]

I appreciate the feedback!

[@user-vr7xm1bv5b]

Impressed by your brief Tutorial

[@bretsteinmann2787]

Overall I think this was a great video. One thing it may have left out was how a person builds decision making skills. Economics teaches opportunity cost decision making--a skill that will help someone make decisions both in college and in the real world.

[@RyanOConnellCFA]

Absolutely, couldn't agree more. It definitely helps with how you think about and view the world

[@benjaminjwilson6694]

thanks, you kept it short and sweet. with no added BS.

[@jianghaoyoutube5017]

I'm doing a bachelor in economics and business economics. I'm really glad we have both finance, economics, data analytic and business courses combined

[@Tamim-XxXx-]

wtf , it's a full package , which uni ?

[@jianghaoyoutube5017]

@@Tamim-XxXx- I'm studying in university of Groningen in the Netherlands

[@sujoybanerjee9282]

Me too, it feels awesome to get it all together

[@oneellie1648]

I'm between finance, economics, and industrial engineering and idk which I want to do. So this video helped thank you

[@RyanOConnellCFA]

Glad you got some value out of it!

[@gamingnerdgirlz]

Thank you for the informative video. I am looking at finance as a major and i am at community college its hard finding my passion. When its right in front of me and i have limited info from the school system.

[@RyanOConnellCFA]

I wish you the best of luck! Not to sound too nihilistic but most people aren't passionate about corporate jobs. Sometimes its best to try to find a solid income for your career and find your passion outside of work

[@Idrisadan]

@@RyanOConnellCFA couldn't have said it better

[@caomoletimoloi8389]

Super helpful. Thanks man

[@RyanOConnellCFA]

Glad it helped!

[@Roy-mk9zl]

Majored in Economics, working as an Equity Researcher and planning to get an MBA in Finance to boost my career.

[@RyanOConnellCFA]

Now that is a good track to be on! Best of luck in the MBA

[@Roy-mk9zl]

@@RyanOConnellCFA Thank you😊

[@Brotha00]

Great information! Thank you

[@RyanOConnellCFA]

My pleasure!

[@bhuvankashyap306]

Hey! This was a super insightful video, I only wish I saw this before choosing my majors as Econ, Math and Stat. Would you suggest first year econ majors to take up courses in finance if they want to break that field. CFA might be too late and I've heard of FMVA too but still unsure. I'd appreciate any help!

[@RyanOConnellCFA]

If you want to break into finance for work then I'd definitely recommend taking some finance courses in college. As for CFA, it is not too late for you because you're not even allowed to start the CFA program until after your bachelor's degree is over. I'm not familiar with the FMVA howvere!

[@lavanyashrivastava9260]

Are you from Christ university

[@madihakhan3780]

OMG this video is on soo on point ... I can totally relate

[@RyanOConnellCFA]

Glad you enjoyed it Madiha!

[@aishwaryaas2611]

I want to break into investment banking but eventually make into advisory into financial markets. I thought masters in eco/fin will make me technically strong. What's your opinion on it? Thank you

[@RyanOConnellCFA]

I think it absolutely could make you technically strong depending on the program. Some programs are more technical than others so make sure to look out for that

[@TheFootballPlaya]

How is the dallas market for finance majors vs econ majors? Do they end up in some similar roles such as analyst roles? Or is there a larger disparity between the two?

[@RyanOConnellCFA]

Dallas has an amazing job market right now, probably one of the top 5 in the US. Tons of major companies headquarters are moving here or have already moved here. I think Finance and Econ majors can end up in similar roles regardless of the city.

[@user-ei3sh2rv9u]

I’m currently doing a BA on Economics and a minor on finance

[@RyanOConnellCFA]

This is an excellent combo Kevin!

[@sujoybanerjee9282]

I am enrolled in a business economics bachelor's and it includes economics and finance both as well as other subjects like econometrics, analytics, business laws, accounts

[@RyanOConnellCFA]

That is a nice crossover major!

[@sergedanel6736]

Thanks for video though really informative

[@RyanOConnellCFA]

You're welcome my friend!

[@venturabay]

What school did you go to? Econ degree & Finance degree vary according to what school

[@devmehta1888]

What about B.econ with a concentration in Financial economics. Does it help getting an entry level job in a financial field? Thanks!

[@RyanOConnellCFA]

I absolutely think it would

[@rafayetarnob5522]

I hope you see my comment. I am a economics major. Set to complete my graduation this year. I'm also planning to pursue CFA after my graduation. But as CFA takes a considerable amount of time, I'm thinking of getting an MBA for applying to finance related jobs. Ami I taking a bad decision? Will Pursuing MBA and CFA together give me some edge than others in future?

[@RyanOConnellCFA]

I think CFA vs MBA can really depend on the financial situation. CFA you can do while working. Typically with the MBA the tuition is extremely expensive and with a full-time program, you won't have simultaneous income. The downside of doing the CFA while working is that it is much more difficult than doing a full-time MBA. All things considered, you should give some thought to your financial situation before making the decision

[@india1846]

thanks for this vid! So you'd say finance is more important when it comes to investment banking?

[@RyanOConnellCFA]

Absolutely, if you're looking to go into IB then finance is more relevant than economics. Just know that it is difficult to get an IB job after graduation if you aren't at a top school

[@india1846]

@@RyanOConnellCFA thankyou so much! Gives me more incentive to work hard haha

[@RyanOConnellCFA]

@@india1846 Absolutely, just trust the process and put in that hard work!

[@Aaron_R]

Accounting > Finance > Economics for undergraduate.. Plus you can usually get a finance job with an accounting degree. The reason accounting is better though is it's much easier to move up to CFO/treasurer/controller or start your own firm, or buy an existing firm. Changing roles in finance is much harder, and economics is even harder.

[@goldenfighter1986]

I’m a freshman Econ major and I’ve been having trouble on what skills I should prioritize learning outside of class. I’m interested in the financial and tech industry. Should I start learning Python or Excel? Anything in particular that would be crucial to learn in Python or Excel for finance?

[@RyanOConnellCFA]

Excel is the most important software to know if you want to work in finance! So definitely spend some time getting familiar with Excel. Python (and other programming languages) can make you very valuable as well, although most jobs in finance won't require programming skills. You hit the nail on the head though, I'd suggest Excel first, then Python. Also, try to stay up to date on financial news

[@goldenfighter1986]

@@RyanOConnellCFA Thanks. I appreciate the insight.

[@RyanOConnellCFA]

@@goldenfighter1986 You're welcome Michael, and goodluck

[@Doritos-ik5eu]

To work in fintech sharpen your math and cs skills. Learn lots of math and programming.

[@iamfreddysifiso2295]

Can you work any where in the world eith s economics degree

[@kotrynele]

Ryan, bumped into you areticles, found them really useful and now I am here on your channel:) Keep going! And I’d love to see more videos about Python crossed with Finance if possible:)

[@RyanOConnellCFA]

Thank you for the feedback and for checking out the channel Katherine! I certainly plan on posting more tutorials on how to apply python in finance in the future, so please stay tuned :)

[@user-cx1ty3hf3j]

Hi Ryan, currently I am completing my Master in Financial Economics. After graduation I want to aim for a buy side role in asset management, like an analyst position. Would you say my current course is suited for that? And is it helpful or even necessary to get good coding skills and/or a good investing track record? Thanks for sharing the knowledge!

[@RyanOConnellCFA]

Without knowing more about your program, I think you are in a great spot to get your foot in the door. An internship in the field could help your chances as well. Good luck!

[@nourp272]

Thank you for this amazing video Mr. Ryan. I would love to ask a couple of questions if you don't mind. 1. Which one the two majors would be more recession-proof? I've heard that finance jobs are very lucrative but if the market is going through a recession you will likely be one of the first people to be laid off. Would love to hear your take on this. 2. If I'm looking to work in a large investment bank after graduation, would the geographical location of the university I graduated from matter? I'm a high school senior in the Middle East and I'm wondering if I should just pursue a finance bachelor's in my home country or just apply to a few US universities this applications season. 3. Does the school I attend make much of a difference in the eyes of recruiters from big firms in the US? I've heard a lot of people say that large investment banks hire only recent graduates from T20 schools, if that's the case then should probably attend a finance bachelor's for a year in my home country then transfer to a US T20 university during my second year. So I love to know your take on that too, would it be better to just apply to unis this applications season or apply next season and attend after my first year of university is completed. Thank you very much in advance, and I'm sorry if my questions are too long.

[@RyanOConnellCFA]

My pleasure! 1. I personally can't say which one I consider more recession proof. It depends what sector of each field you work in as some sectors of each are more recession proof 2. It would absolutely matter. It would be much easier to get a job in IB coming from a top US school rather than a school in the middle east. 3. The quality of school you go to typically matters greatly for landing any job in high finance!

[@mizukiblox4405]

Which would you prefer? economics or finance

[@RyanOConnellCFA]

Out of interest, I like economics but career-wise and earnings-wise, I prefer finance!

[@lojainsherif3075]

Hi thank you for this helpful video . Do you think it’s a good idea to have a master degree in business intelligence after studying finance?

[@RyanOConnellCFA]

My pleasure! That is certainly a route you could go and if you have passion for that field then you could be very successful

[@lojainsherif3075]

@@RyanOConnellCFA ok thank you.

[@RyanOConnellCFA]

@@lojainsherif3075 Good luck

[@mabuzafrance8449]

What do you think of corporate finance and investment? Does it fall under finance?

[@RyanOConnellCFA]

Yes, both fall under finance!

[@linhanhnguyen6534]

Which one did u choose ?

[@reneeshcr]

Sir Im looking forward towards doing FRM. For that should I go for BCom or BA Economics? Please consider my query...😊

[@RyanOConnellCFA]

Economics would be much more in line with a career in finance than communications in my opinion!

[@reneeshcr]

@@RyanOConnellCFA Sorry Sir it's not communications rather Bachelor of Commerce aka BCom

[@ukasxm8245]

Can you still get an entry level job (in the business field) right from undergrad with an economics degree?

[@RyanOConnellCFA]

It is absolutely possible, just may not be as easy as it would be with a finance degree

[@jonnytheman2321]

I am a third year econ major and I have had no problems finding jobs. I currently have two internship offers and four final round interviews. Focus on your grades and people skills and I find that you cannot go wrong.

[@non2408]

@@jonnytheman2321 how’s your school ranked?

[@mustafaetman6866]

Hello Mr. Ryan, I have an inquiry, I am currently studying Master's in Financial Economics , this master combines Finance and Economics, As I am studying Micro and Macro Economics and other Finance Modules such as Financial institution and Foundations for finance, etc., but, I am not prefering working in the Economic Field as in my Bachelor studies I was preferring the accounting and finance modules, so my question is that can I after graduation from my master to work in the Accounting Field or any nearly field to this? Would it be possible? And Do you recommend this? If not, what would you suggest for me? TIA! And Best of luck

[@RyanOConnellCFA]

Hello, is accounting your preferred career route? Do you like finance as much as accounting? Given your masters degree, you are well positioned for a career in finance. You could likely break into accounting though too

[@mustafaetman6866]

Yes, I like Finance as much as accounting, From your point of view, Which one has more future career options? thanks in advance @@RyanOConnellCFA

[@tomasrivera272]

Finance as we know it was developed by economist Eugene Famma who wrote the theory of finance

[@sahilshaikhhh]

I have recently completed my graduation in the field of commerce i want to enter into the finance world what should my next step be to do MBA directly without any prior experience or go for CFA with gaining some kindof experience by doing a job along with it and then go for MBA after?

[@RyanOConnellCFA]

Hello Sahil! I think this video I made on the topic about 1 year ago will answer a lot of these questions! Please let me know if you have any follow-ups: kzbin.info/www/bejne/pHuQgYGBl66Aepo

[@sahilshaikhhh]

@@RyanOConnellCFA I watched that video also but in India there are not a lot of colleges that offer MIF and MBAs are very common so the question was should i go for MBA without any work-ex as i am a recent graduate or gain some work-ex while doing CFA and then go for MBA.

[@jennieedward8743]

actually i got 3 options business administration accounting and economics and i'm confused which one should I choose to get a good job or be a business analyst or financial analyst

[@RyanOConnellCFA]

Hey there, I'm not a huge fan of business administration bachelors degrees personally as they are overly proud. Economics or accounting would likely better prepare you for a career as a business analyst or financial analyst

[@tahirgriffinguendogan1569]

Maybe do the difference between a BA in economics/finance vs a BBA or BS. I would really wonder why finance majors do better than economic majors, as even at a bachelor's level most of economics courses are usually more quantitative than a finance major -quantitantive finance majors

[@RyanOConnellCFA]

Thats a good question that I'll have to look into. At my university, there was a BBA in Econ and a BS in Econ. I wonder which gets paid higher on average

[@rafaelsalazar662]

is a finance degree the same as a Business Admin. with concentration in Financial Management degree?

[@RyanOConnellCFA]

I'm not too certain of either degree Rafeal. I hope someone with knowledge on these degrees can chime in on this in the future

[@rayssakauane]

Can I do a master in economics with a undergraduation in accounting science?

[@RyanOConnellCFA]

I think that should satisfy the per-requisites!

[@williamkaseu]

Why did you get an MS in Finance instead of Economics, even though you liked the concepts in Economics more?

[@RyanOConnellCFA]

That was a dilemma at the time for me! I liked economics better and found it to be more interesting. But I felt that finance was the better choice from a career perspective. I didn't want to work in academia so finance made more sense for me at the time

[@onlinemoneymaker847]

@@RyanOConnellCFA do you regret not going to economics?

[@RyanOConnellCFA]

@@onlinemoneymaker847 Not at all. Finance has turned out to be a good decision and it has been relatively easy to find solid employment in the field. I'm not sure I'd have been able to say the same about Economics

[@leelarawat2450]

@@RyanOConnellCFA What helped you get a job? MS in finance or doing CPA?

[@RyanOConnellCFA]

@@leelarawat2450 I did not get a CPA, I got a CFA charter. And I'd imagine that both have been very useful in landing jobs but likely the CFA has helped more

[@samiarasharma8065]

Thank uh so much for sharing it out, I really need personal counseling is there any chance please let me know and I don't have much time please reply. Xoxo

[@RyanOConnellCFA]

My pleasure Samiara! What questions do you have on the topic?

[@samiarasharma8065]

@@RyanOConnellCFA hey , I from India and may I know from your perspective in which degree I should go for either of finance or economics also if I pursue finance in my graduation what basics I will deal with could you please brief me about. thank you:)

[@yudishj74]

Which is a better degree , Economic and finance or Finance minor law??

[@RyanOConnellCFA]

Hello. What do you want to pursue for your career?

[@huzaifaalam5326]

One thing that is still bothering me that is it necessary to study accounting if you want to major in economics? Does universities accept students who haven’t studied accounting or math along with economics in their under graduation?

[@RyanOConnellCFA]

Accounting is not required for economics. There is likely a certain level of math required but it is no too high. This is related to bachelors degrees. Are you talking about a masters degree?

[@huzaifaalam5326]

@@RyanOConnellCFA no i’m concerned about bachelors degree right now

[@wisdomkhandson5006]

what is up

[@husseinarslan7173]

I am make fianance major in lebanon its very important iam love fianance but i can't have experience about and I am not sure what make master Fianancial economic or fianance can hou advise me please

[@RyanOConnellCFA]

Hsein, that is cool to hear as my grandmother is from Lebanon and I'm 1/4 Lebanese (I know it is hard to tell haha). Just to clarify your question, are you saying that you can do either a Bachelors in Finance or Financial Economics and you're asking for advice on which to choose?

[@husseinarslan7173]

@@RyanOConnellCFA yes what is better and waht about a salary CfA My father tell me make MBA mangment or fianance and make CfA waht aboit salary and xan i work in bank and stuty CfA' I'm 20 years and i looking for internships but nothing in lebanon so what about experience 3 4 5 years!

[@jerryybanez6017]

Do you need to know complex math skills to be a finance major ?

[@RyanOConnellCFA]

No, I would say the math for a Bachelors in finance is pretty basic. Mostly simple algebra and some basic statistics

[@kasandraselamaj7620]

Which is better economiks or finance

[@RyanOConnellCFA]

The answer is situation dependent Kasandra and will differ from person to person

[@eemern6770]

What if I study Economics and Finance both ?

[@RyanOConnellCFA]

That is what I did! I double majored in Finance and Econ. I believe it will just require you to take more finance and economics classes instead of electives. It could make your workload more difficult but you will learn more

[@user-ei3sh2rv9u]

I’m doing a BA on Economics and a minor on finance

[@user-es1jm9kc1h]

Iam economics student but i want study master in finance. With master finance can i be financial analyst or controller and ...?

[@RyanOConnellCFA]

You could become a financial analyst immediately after graduating with a masters in finance. Then years down the road, you could potentially advance to be a controller later in your career

[@user-sm8bb9yo6b]

Get video 👍 Please what do you have to say about Agricultural Economics

[@RyanOConnellCFA]

Thanks! I can look at this topic down the road

[@TeamAwesomese]

Econ majors make more than Finance on average, assuming no masters degree. I am an econ major. Getting a BA in Econ with a minor in business you can graduate faster. Cost is less. Higher return on invest. Master degrees are often joke in my opinion. There’s a lot of profit in not-for-profits (i.e. universities.)

[@RyanOConnellCFA]

Does your school charge less for your tuition if you major in econ vs finance? Also, does your school allow you to graduate with less credits in econ vs finance? The universities I've seen do not differentiate this way between the two majors but I'm curious to hear of others

[@ilpaesedelmiocuore2637]

is Quantitative Economics a good degree, does anyone know?

[@Recklessness97]

Yes. When obtaining a quantitative economics degree you will be not only be exposed to different topics in economics such as the theory like a regular Bachelor of Art Economics major would be but also mathematically applying them. I assume since it's a "Quantitative" degree it's heavy with advanced math and statistics classes thus your University awards a Bachelors of Science, rather than a Bachelors of Art upon completion of the degree? The Bachelors of Science would give you an "egde" over a regular Bachelor of Arts Econ major if applying to finance jobs because you will already have learned the basis of how to produce economic analysis and the techniques required, in addition to all the math classes taken from being a "Quant". Whereas the Bachelor of Art Econ major would probably need an MBA or CFA to be looked at as a potential candidate for a Finance job because their major is not math or analytically heavy.

[@ilpaesedelmiocuore2637]

@@Recklessness97 Yes, it is very math heavy. I took Math all the way up to theories.... B.S Quantitative Economics.

[@ilpaesedelmiocuore2637]

@@Recklessness97 should I combine it with a Math degree (like a double major) or just go into grad school and get my Master's in Economics?

[@Recklessness97]

​@@ilpaesedelmiocuore2637 It's all up to you. If you have the extra money to spend on getting a masters go for it. Some schools have what's known as a +1 program. You’ll take accelerated graduate-level coursework at undergraduate-level tuition rates and finish both degrees in one additional year. Although many people find their masters degree wasn't necessarily worth it and that many employers rather have someone with experience in a job rather than more class room time. This isn't always the case though and it varies from job to job and whether or not the job position is senior level. Most senior positions require a masters/PhD OR lots of experience (6+ years). A math degree would be perfect. Math majors can work ANYWHERE. Literally anywhere. In finance, the people making the real big money typically aren't the ones who majored in finance or anything business related but the ones who majored in degrees such as mathematics, statistics, computer science, computer engineering, etc because their the ones who are creating the trading algorithms, setting up high frequency trading, neural networks, creating financial products, etc. The Finance/Business major bros are just the "face" of finance and only the top performing bros get compensated well, all the other bros make "okay" money. Since you said you have taken math all the way up to theories you should have a decent chunk of the math major requirements completed correct? If you have a good chunk of the Math major requirements completed already I would double major for now and if for some strange reason you can't find a job (which NOT finding a job would be virtually impossible with just the Quant Econ degree and impossible with you having both the Math and Quant Econ degree) go get the masters. If the double major Math and Quant Econ would require you to do a lot more schooling I would just stay with the Quant Econ degree. Having a "quant" degree alone already implies you're good with math and analytics so I wouldn't bother double major with math unless you can do it cheaply and quickly. This is all my personal opinion and what I would do If I was in your shoes. Sorry for the long reply ^.^ .

[@ilpaesedelmiocuore2637]

@@Recklessness97 Thanks for the response. The reason why I asked what I should do is because my good friend who has a B.S in Quantitative Economics is struggling finding work - he is doing retail/cashier with it, so I thought about which option would be better to make myself more marketable. I think I will proceed and double major for now since grad school seems really expensive :) Once again thank you for all your help.

[@nafiskhan5394]

I am not good in maths should i choose finance or economics or mis in honours becholar

[@krasovskiyroman]

it depends on curricculum. In my country Finance is harder and requires more math.

[@siahbingxhin7890]

does financial economics is good ? College I choose have finance or financial economics ,idk is it financial eco is included finance and economics too ,my mind told me that some times financial decision needs help of economics theories so i choose financial eco but i scared about the program half half like not so professional ,am I wrong or what's your opinion?hope you can ans my ques .TQ

[@RyanOConnellCFA]

Thanks for the question Siah! I'll give you my personal opinion but please consider that my opinion isn't worth very much on this topic lol. Niche majors that aren't common at most universities can be confusing for recruiters. Every recruiter knows what a finance major is or an economics major is. But many could be confused about what you actually learned as a "financial economics" major. Which could make it more difficult to get interviews. A better choice may be a may major in finance with a minor in economics

[@siahbingxhin7890]

@@RyanOConnellCFA ohh thanks a lot

[@wisdomkhandson5006]

i like economics

[@nandirtanayar1476]

Sir I am from India and I have 4 years of work experience in retail and 8 years of experience as an office assistant. And I am planning to do masters from Ireland in economics. But some consultants are confusing me as they say I should go for an MBA instead of MSc economics. Please suggest me the good option sir. Thank you 🙏

[@rayssakauane]

Some people told me that MBA if you want to pursue a industrial career, MSc if you want to pursue an academic career.

[@nandirtanayar1476]

@@rayssakauane thank you so much for your kind response

[@RyanOConnellCFA]

It depends on what you want to work in. I think an Msc Econ could help you to land a job at a private company but it would likely be within a niche area in economics or financial markets. An MBA would be a lot more broad. What are your interests in?

[@tombradyyoutube]

Sounds like Finance is the Engineering to Econ's Physics

[@RyanOConnellCFA]

I like that metaphor a lot

[@Hoos1805]

Do whatever you want to study....not much difference when you find a job if you have a high GPA. Both Econ and finance are good.

[@arnurabrayev]

Ryan, this video was very helpful for me. I have been searching for this type of content and info. I was not sure which degree suits me better but your video helped me a lot. However, I still have some questions: 1. If I apply for Finance degree, is there any possibility for me to become a "finance bro" and directly start working for some big investing companies. 2. My knowledge in mathematics is average, will it be hard for me to study Economics? Because I checked some information and I saw that they have some MACRO/MICRO economics, Econometrics etc. Thanks in advance! 🤟

[@RyanOConnellCFA]

Hey Amur, glad you enjoyed the video! A Finance degree can definitely open doors to working for big investment companies. The prestige of the school will matter a lot. However, the path to landing a job at such firms can be competitive. To increase your chances, it's important to maintain a strong academic record and pursue relevant internships or work experience. Additionally, you may want to consider earning certifications like the CFA (Chartered Financial Analyst) to further demonstrate your expertise. While it's true that Economics involves some mathematics, your average math skills should not be a barrier to pursuing this degree. MACRO/MICRO economics and Econometrics courses do require a certain level of mathematical aptitude, but you can always work on improving your skills through practice and additional resources. Remember, the most important thing is to choose a degree that aligns with your interests and career goals.

[@arnurabrayev]

@@RyanOConnellCFA Thanks for the feedback! I will take it into account :)

[@RyanOConnellCFA]

@@arnurabrayev Awesome, goodluck!

[@blakexcrum]

💪🏼 SOLID!

[@davidshah7449]

Dear reyan , you are CFA , CAN I GET FINANCIAL MODELING AND RATIO ANALYSIS , FROM U, HELP ME IN THIS MATTER,IF YOU SEE THIS MESSAGE

[@stormyenglish_23]

im currently choosing between finance and economics, which one has a wider option of jobs?? also which one has less math?? 😭

[@RyanOConnellCFA]

Thats a tough choice! I think economics has a broader option of jobs between the two. As for which one has less math, I think it depends on which school your econ program is in. If the econ program is in the business school then it probably has the same amount of math as finance. If econ is in a STEM school then it will probably have more complicated math than finance

[@stormyenglish_23]

@@RyanOConnellCFA AAAA i apologize i checked my options once again and it turned out i misremembered the choices 😭 its not economics cause that option doesnt exist rn, its business admin. so i currently have to choose between business vs finance. still thank you for your reply!

[@RyanOConnellCFA]

@@stormyenglish_23 Personally, I prefer concrete topics for majors like finance, accounting, economics, etc as opposed to vague and broad majors like business administration. I'm sure the average finance major makes a lot more than the average business administration major

[@stormyenglish_23]

@@RyanOConnellCFA ooh thank you so much for your insight! very helpful ^^

[@RyanOConnellCFA]

@@stormyenglish_23 It is my pleasure!

[@Style-lounge]

Sir ,I want to become a lecturer, So which is better for me Master in Finance vs Master in Economics

[@chocolateangel8743]

In the video, he said economics would be better for what you want to do.

[@RyanOConnellCFA]

Typically schools have much larger economics departments than finance departments because they need a lot more economics professors due to every business student taking intro econ courses but not all of them taking intro finance courses. So most schools take on a lot more econ PhDs and lecturers than Finance. So I would say Econ would be easier. Although, due to the supply/demand gap, I've typically seen finance lecturers make more than Econ lecturers

[@chocolateangel8743]

@@RyanOConnellCFA interesting.

[@seguntaiwo8270]

I don't really agree with you, those creating the financial models and doing the research and findings in finance are economist and mathematicians, and the not majors of finance, as well as those in investment banking or any analyst jobs are mostly econ grats or mathematics and statistics, quite funny but you hardly find a pure finance major, only those with CFA. But with a masters in economics you really need CFA to be a financial analyst. And like seriously your degree don't bring you the fattest salaries, it your skills and what you bring to the table.

[@RyanOConnellCFA]

I guess it depends on the specific role in finance. Definitely more math heavy roles may have more math and econ majors than finance majors

[@alingmarites7237]

Economics is better!

[@vladgaming9761]

Do I need to be good at math?

[@RyanOConnellCFA]

Both require some math skills but not to the level of most STEM majors. I'd say that both econ and finance are fields that people who are good at math will have a much better shot at excelling in however

[@saiammulu6515]

Hi sir i am completed MA economics.pls tell any suitable job for me

[@RyanOConnellCFA]

Hello Sai, I think you may find this article helpful: www.liveabout.com/top-jobs-for-economics-majors-2059650

[@simplylost3181]

I heard economics major can become quants unlike finance.

[@RyanOConnellCFA]

I think most quants come from stem majors, like computer science, math, statistics, or physics. It may be difficult to find work as a quant with either a major in finance or economics (just from what I've heard)

[@wisdomkhandson5006]

like what

[@Wolverines298]

I’m thinking grad school..

[@Money_Co]

Wish I could send you my resume

[@RyanOConnellCFA]

Wish I was in the position to employ people 😂

[@carolinesibambo4497]

Hello my good sir , iam student in high school .I recently discovered (forex trading ).I am so passionate about .I feel like i can pursue my passion academically . I have become so obsessed with Wall Street .I see my self working for the big guys (Goldman sachs , JP MORGAN )o. I am seeking advice on which major i can pursue to fufill my dreams.It would be a pleasure to share your opinion on my situation. Kund Greetings from South Africa 🙏.

[@RyanOConnellCFA]

I wish you the best of luck Caroline! You're starting much earlier than most of us did so you've got a big advantage!

[@sergedanel6736]

U sound like diesel patches

[@RyanOConnellCFA]

I had to look him up but I can definitely see it lol