Economics VS. Business School

Hello everyone, I just recently got accepted into the economics program at the University of Texas at Austin. I applied for external transfer admissions to McCombs but did not get in. My question for you all is should I study economics at UT (decent brand but won't be in the business school) or study finance at Cox Business School (already been accepted here, trying to get into the Alternatives program)? I could still pursue internal transfer admissions to McCombs but thats still no guarantee, what do you all think of these two options and majoring in economics in general?

11 Comments
 

I should also add, this is for undergrad

"Understanding reality, and financial markets in particular, is a never ending process." - George Soros
 

Ya I mean I know a lot of people that went to Cox and did well for themselves, my only concern with Cox is strong regional presence. It's great if you want to work in Dallas/Houston, but I'm really not sure about its reputation outside of the Lone Star state. I'm from Dallas and at this point I would really just like to leave and work in NY (top choice), California, or overseas. That being said, I feel that UT's brand compliments its portability (to a certain extent). I'm just worried about the non-finance stigma (especially at a school where finance is offered)

"Understanding reality, and financial markets in particular, is a never ending process." - George Soros
 

you're right about no FIN at a school that offers it.

UTAustin is a bigger school--regardless of McCombs or not, you'll have wolves looking at the job opportunities that everyone wants---even ivys will have that kind of competition.

if you do well in your first job, you should be fine either way. Could you try McCombs again while keeping your GPA rocking in SMU?

 

That's definitely an option, I actually didn't really think of that. I think I could manage a high enough GPA to have another go at it but there's only two problems, 1st being that external transfer admissions are consistently extremely competitive at mccombs and the internal transfer rate seems to slightly more forgiving, the 2nd problem is that SMU is significantly more expensive, I'm in the running for scholarships and I'm fairly confident I'll receive some money but it would still be more expensive

"Understanding reality, and financial markets in particular, is a never ending process." - George Soros
 

Both schools do well regionally, but Texas is the only one of the two that places well into IB in NYC. I suggest going to Texas and attempting to transfer into their business program. Even if you have to stick with econ, I feel that it's superior to SMU's business program for getting to either NYC or California.

 

You're asking the wrong source. I'd start by talking directly to the career services offices at each school and ask hard questions. Get them to name exact hiring companies, any on campus recruitment, and statistics. Verify on LinkedIN.

Also make an effort to connect with any current students and alumni. They'll frquently give you honest feedback that school officials and websites don't.

 

I've already compiled a large list of UT alumni that are doing what I hope to be doing in the future, the vast majority of them have BBA degrees, at this point I'm just trying to weigh my options and measure what kind of disadvantage I'd have as an economics major

"Understanding reality, and financial markets in particular, is a never ending process." - George Soros
 

Rerum sunt eos quia nisi qui a veniam. Vero earum voluptate sunt non. Enim veniam atque non provident excepturi minima dolor. Voluptas nihil id provident iusto et laudantium et.

Cum aut laborum libero magni harum enim. Quia asperiores blanditiis sit doloremque. Nesciunt ducimus voluptatem officiis magnam in aliquam. Vitae et laboriosam esse est fuga id.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”