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Program ResourcesEarning a Degree in Business vs. Economics

During a student’s education, the time will come to declare a major. One of the most popular decisions is to earn a business degree but those interested in business may also find economics to be a good choice for them. The main difference in the two degrees is that the business degree provides a broader general education, meaning graduates can work in a number of fields. Economics degree holders are a bit more limited when it comes to the scope of suitable workplaces.

With an undergraduate degree in business, students will be prepared to work in the obvious fields of management and marketing, but they will also be able to easily apply their skills to virtually any industry. They can start their own business as well. Earning a business degree requires taking courses in a wide array of subjects like management, accounting, computer applications and finance. The addition of courses in business ethics, organizational behavior and social interaction will help students develop leadership skills and will give them an extensive knowledge of how to run a business.

On the other hand, an economics degree teaches students how to analyze and explain data. Therefore, courses in this program will require students to learn and apply mathematical theories and write papers explaining their findings. Calculus, statistics, micro- and macroeconomics and econometrics are a few examples of courses economics majors will be required to complete.

Joining the Workforce

Those who earn economics degrees may decide to work as economists in the private or public sectors, including academia and business. Experienced economists also have the option to work as professors at colleges and universities with further study. Economics students who decide to specialize may find work as industrial, monetary, financial, labor or international economists. However, economics majors don’t always become economists; they can also find work in finance or insurance as consultants, research assistants or market analysts, among other options.
Beyond management and marketing, there is a great need for business graduates in the fields of government, international relations, non-profit organizations and health care. Because Business principals can be applied in any career, the options are truly limitless for business degree holders.

Business Degree Benefits

It might be apparent by now that it is extremely practical to choose to study business. Because the professional job market consistently needs business-savvy, qualified, degree-holding professionals, Business graduates will find enormous versatility when it comes to career options. Further, many graduates find the real-world experience they gain makes the school-to-career transition smoother than alternative degree programs. CSP proudly offers an online Bachelor of Arts in Business. The program consists of 40 credit hours offered over the course of seven weeks.