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Economics or Economics and Finance?

I'm currently doing Economics with Maths equivalent to AS level, and I'm in a dilemma of choosing either straight Economics or Economics and Finance for a Bachelor degree in university next year.

I'm studying Economics in school but have no knowledge in Finance at all. I just heard that although Economics and Finance are both mathematical, Finance involves relatively simpler/more straightforward calculations, compared to say, Econometrics in undergraduate level. Can anyone clarify whether this is true?

I don't have a clear aim of what career I'm heading to yet, and wouldn't mind to specialise in either Economics or Finance in the future. It's just that I'm afraid Finance isn't really what I'm interested in and might regret in uni. All I know about Finance now is that it's related to managing money, budgeting, risk assessment and probably accounting. Those topics seem interesting to me, but I'm not sure whether I'd like the details of them.

I'd appreciate any replies on what finance is really like compared to economics, and whether a degree in Economics or Economics and Finance would offer a wider range of job prospects. Also, is straight Economics generally more competitive to get in? Thanks a lot!
Reply 1
I was in a similar situation to you last year. I did work experience in a financial services company, and realised I was more interested in Economics than actual numbers (like finance or accountancy). I prefer the logic behind the number than just our company made 12 million pounds profit this year blah blah blah. So I think work experience is the best way to figure out what you prefer most IMO
Reply 2
I'm also interested in the replies you will get, because I have similar questions (applying to unis at the moment)
Reply 3
Original post by Dach1171
I was in a similar situation to you last year. I did work experience in a financial services company, and realised I was more interested in Economics than actual numbers (like finance or accountancy). I prefer the logic behind the number than just our company made 12 million pounds profit this year blah blah blah. So I think work experience is the best way to figure out what you prefer most IMO


Hey, thanks for your reply! Sadly I didn't have the chance to obtain work experience and I'm applying for universities now, so it's hard for me to determine choices based on job.
Do you mind sharing the differences between economics and finance then? Is finance very much like accounts where you deal with profits and losses, debit and credit? Do you also by any chance know the main differences in their mathematical components?
Reply 4
Original post by 1234sunny
It will be hard for you to get any work experience in finance before your degreee. Im doing Maths and economics at uni btw. My advice to you, if your purely interested in the career side of things, would be to just do straight economics, you would be in a good position to go into finance roles anyway. Doing a bsc in economics you will do a lot of maths, calculus everywhere lol and stats too. Can't really comment on what finance would involve.
Can i ask what makes you want to study finance considering you haven't studied it before.


Ah, thanks for the info! Yeah I couldn't get any work experience in either econ or finance related fields, and don't have any connections to have a visit in those types of companies either. Does it mean that a degree in Economics would also enable me to do finance-related jobs? I'm thinking of applying to some BA degrees though, since I don't have A2 Maths to qualify me for most BSc degrees, would that be a great disadvantage for careers? :/ I'm considering to do finance because I'm not that great at maths now, but I'm not interested in studying economics with other arts subjects like history, politics or philosophy. I heard that finance has some maths too but it's more straightforward, and most companies have a finance department so I got the impression that it's not that hard to get a job.

Did you do Economics in A levels? How different do you find the uni course to be? :/ I know it's much more mathematical but don't really know you you apply all the stats and calculus.
Reply 5
Original post by paperstars123
Ah, thanks for the info! Yeah I couldn't get any work experience in either econ or finance related fields, and don't have any connections to have a visit in those types of companies either. Does it mean that a degree in Economics would also enable me to do finance-related jobs? I'm thinking of applying to some BA degrees though, since I don't have A2 Maths to qualify me for most BSc degrees, would that be a great disadvantage for careers? :/ I'm considering to do finance because I'm not that great at maths now, but I'm not interested in studying economics with other arts subjects like history, politics or philosophy. I heard that finance has some maths too but it's more straightforward, and most companies have a finance department so I got the impression that it's not that hard to get a job.

Did you do Economics in A levels? How different do you find the uni course to be? :/ I know it's much more mathematical but don't really know you you apply all the stats and calculus.



Yes doing a economics degree would allow you to work in finance related roles, infact i would say most the people i know on the economics course are hoping to do this. Ive heard employers value Bsc over BA degrees because of the mathematical content, but as I'm just a student I can't say i know for sure. Im pretty sure you will have a finance related modules on your economic course anyway especially for BA in the first year.
And no I didn't but I've heard the micro and macro units are pretty much revision and then maths or finance ones are new to them.
Oh and don't worry you will soon learn how to involve stats and calculus to economics:smile:
p.s if your still deciding to do maths at A2, i would advise you do it and do bsc
Reply 6
Original post by 1234sunny
Yes doing a economics degree would allow you to work in finance related roles, infact i would say most the people i know on the economics course are hoping to do this. Ive heard employers value Bsc over BA degrees because of the mathematical content, but as I'm just a student I can't say i know for sure. Im pretty sure you will have a finance related modules on your economic course anyway especially for BA in the first year.
And no I didn't but I've heard the micro and macro units are pretty much revision and then maths or finance ones are new to them.
Oh and don't worry you will soon learn how to involve stats and calculus to economics:smile:
p.s if your still deciding to do maths at A2, i would advise you do it and do bsc


Thanks, that certainly reassured me! :smile: At first I had the impression that economics mainly deals with government-related roles. I think I'd choose to do Economics then, and do finance in the optional modules, after all Economics is more flexible. It's too late for me to catch up on maths now. I'm doing the IB, not A levels, and the maths I do isn't regarded as highly as A2 level. It has coursework involved and all that so it's almost impossible for me to switch subjects. I'm trying to apply for BSc in 1 or 2 unis, I guess if I do a BA with some quantitative modules it would work too. May I know which uni are you studying at now?
Reply 7
Original post by paperstars123
Thanks, that certainly reassured me! :smile: At first I had the impression that economics mainly deals with government-related roles. I think I'd choose to do Economics then, and do finance in the optional modules, after all Economics is more flexible. It's too late for me to catch up on maths now. I'm doing the IB, not A levels, and the maths I do isn't regarded as highly as A2 level. It has coursework involved and all that so it's almost impossible for me to switch subjects. I'm trying to apply for BSc in 1 or 2 unis, I guess if I do a BA with some quantitative modules it would work too. May I know which uni are you studying at now?


I study at leicester uni, where are you planning to apply to?
Reply 8
Original post by 1234sunny
I study at leicester uni, where are you planning to apply to?


Oh I see. I'm applying to York and Nottingham to hopefully do a BSc.
Reply 9
Original post by paperstars123
Oh I see. I'm applying to York and Nottingham to hopefully do a BSc.


Goodluck! I've heard Nottingham's course is very competitive to get into so congrats if you get in
(edited 12 years ago)
Reply 10
On my Work exp I spoke to lots of Accountants / Finance people. They all told me to do economics (bsc) as it keeps your options open. Its straight forward to go from straight economics to most finance fields.
Original post by 1234sunny
Goodluck! I've heard Nottingham's course is very competitive so congrats if you get in


Thanks! For Nottingham I think I'd have to start with a BA in the first year, then probably take more suitable modules in Year 2 and 3 to convert it to a Bsc if I want.
What led me to post this thread is that York offers both Economics and Economics&Finance. :tongue:


Original post by boobooboob
On my Work exp I spoke to lots of Accountants / Finance people. They all told me to do economics (bsc) as it keeps your options open. Its straight forward to go from straight economics to most finance fields.

Thanks, do you know what other differences are there between a Bsc and BA? I've read that BA is usually more flexible and sometimes more essay-based, but quantitative modules can still be taken.
Reply 12
Original post by paperstars123
Thanks! For Nottingham I think I'd have to start with a BA in the first year, then probably take more suitable modules in Year 2 and 3 to convert it to a Bsc if I want.
What led me to post this thread is that York offers both Economics and Economics&Finance. :tongue:



Thanks, do you know what other differences are there between a Bsc and BA? I've read that BA is usually more flexible and sometimes more essay-based, but quantitative modules can still be taken.


Yeah I believe the BA is 75 % econ and then 25% other at some universities. Where as Bsc is 100% econ also being more mathematical with a higher number of mathsy modules you have to take. Bsc is more respected i think only a little though. Some BA courses are very mathys as well though. Think it depends on the uni.

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