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If I want to be an investor, is it better to get a degree in finance or economics?

Question:

If I want to be an investor, is it better to get a degree in finance or economics?

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Answer:

Finance and economics are often seen as a separate course of studies, but they are interrelated, influenced by, and dependant on each other. Finance is about analyzing money, interest rates, cash flows, risk, return, and financial markets. Finance is a means to understand and evaluate future cash flow. Subcategories for finance are; personal, public, and corporate. Finance helps investors evaluate proposals, source, and allocate capital. Career options for finance include; financial analyst, trader, financial planning, investment banking, and quantitative analyst.

Economics focuses on the production, distribution, consumption of goods and services, and the factors that influence them. Economics helps us understand the market situation concerning policies and how those policies affect the country, companies, and how financial systems operate. The branches of economics include macro and microeconomics. People with financial backgrounds use the latest findings of economics and put them into practice. Occupations obtained with an economics degree include; economic consultant, compensation and benefits manager, actuary, and policy analyst.

Finance and Economics are two highly favored majors. The combination of both enhances the chance for a better-salaried career. Choosing between a degree in finance or economics depends mainly on your interests and how you want to utilize your career choice knowledge.

For more information about comparing an economist to a financial analyst, check out this article:Economist vs. Financial Analyst

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