Should I double major in economics and cognitive science with a focus on behavioral economics, or just do a economics-statistics program?

Based on the most helpful WSO content, here's what you need to know about choosing between Economics & Cognitive Science with a focus on behavioral economics and an Economics-Statistics track for a career in investment banking or private equity:

1. Economics-Statistics Track:

   • Mathematical Rigor: This track will provide you with a strong quantitative background, which is highly valued in finance, especially in areas like investment banking and private equity where financial modeling and data analysis are crucial.
   • Marketability: A solid understanding of statistics and econometrics can make you a standout candidate when applying for analytical roles within finance.

2. Economics & Cognitive Science (Behavioral Economics):

   • Understanding of Behavioral Aspects: This combination can be beneficial if you are interested in roles that involve understanding market behavior or consumer psychology, which can be particularly useful in areas like market research or strategy.
   • Unique Perspective: Bringing a behavioral economics perspective can differentiate you from other candidates who may only have a traditional finance background.

Recommendation: If your primary goal is to break into investment banking or private equity, the Economics-Statistics track might be more beneficial due to its direct application in quantitative analysis and financial modeling. However, if you are drawn to understanding the psychological aspects of market behavior, adding Cognitive Science could provide a unique edge that might be leveraged in specific niches within finance.

Ultimately, consider where your interests lie and how these align with your career goals in finance. Both paths have merits, so your personal interest in the subjects should also play a significant role in your decision.

Sources: Berkeley regents, CMU, or Barnard, Williams College: Econ/Pysch Major or Econ/Math Major, Majoring in Wall Street?, Physics undergrad admitted to top b-school, What pairs well with economics degree?