Economics Degree vs Undergraduate Business School

I want to probably pursue something related to business after undergrad (either IB/consulting/quant/trading... not sure yet), and right now I'm trying to pick between UChicago and NYU Stern. I know that UChicago has an Economics and Data Science degree and NYU Stern has a straightforward business school with concentrations in Finance and Computing and Data Science. Therefore, I had a few questions...

a) Does pursuing an economics degree put you at a comparative disadvantage in the business world? How is an economics degree truly different?

b) If I'm pretty sure I want to do business (IB/consulting/quant/trading), but not sure exactly what I want to do in business yet, is UChicago or NYU Stern more preferable?

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Comments (12)

Apr 27, 2021 - 5:04pm

Based on other threads that I've read and podcasts that I've listened to, if you do half decent in Stern you are basically guaranteed to get an IB offer and it'll probably be in New York. I really don't know a lot about UChicago, but if I were in your situation I'd probably go to Stern. Hope that helps

  • Analyst 1 in HF - Other
Apr 27, 2021 - 5:48pm

I really don't know a lot about UChicago

Yeah you clearly don't.

if you do half decent in Stern you are basically guaranteed to get an IB offer

As if this isn't true at UChicago? OP, do yourself a favor and just go to UChicago. Better placement, better alumni connections, better career resources, better campus, better experience, better name on resume -- there is virtually no reason to go to Stern in your case unless it's purely cost-driven, and even then UChicago offers far superior financial aid.

  • Intern in IB - Ind
Apr 27, 2021 - 5:25pm

Depends on the schools. In your case you can't go wrong with either but I wouldn't always take a business degree over an Econ degree. I would pick UChicago cause the name is better and you aren't deadset on IB.

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Apr 27, 2021 - 6:05pm

UChicago has arguably the #1 program in the world for economics, especially as it relates to finance. It also has a better general rep than NYU.

Pursuing an economics degree does not put you at a disadvantage in the business world, especially if you're at one of the top undergrads in the country, which intentionally doesn't offer a business major. UChicago's differentiator is also that it allows much more flexibility in choosing your coursework than other schools do, so you can take classes at Booth.

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