The College of Business works a little differently than a lot of colleges on campus. Before you become a business major, you must successfully complete a set of lower division courses. This makes you eligible to be a business student, and typically you then still have 60 credit hours to complete before graduation. Thirty of those credit hours are the same for everyone. They include 15 credit hours you must complete before you are admitted into a specific major. Over the fall and spring semesters, 1,313 students did just that. The table below shows where those students ended up….
|Major||Fall ’16||Spring ’17|
The numbers are always bigger in the fall, because more students come to us in the fall than do in the spring semester. That said, the pattern is exactly the same: Finance is our most popular major. Integrated Business admits the second most students, followed by Accounting. Economics and Real Estate continue to be our smallest majors.
Maybe it’s because I was an Economics major, but I’m always surprised at the disparity between Finance and Economics. Finance majors get exposed to a fair bit of economics… they better if they want to know what they’re doing. And, according to most published reports, Economics graduates typically make a little more money than their Finance counterparts right after graduation. That differential also grows a bit as people get to the middle of their careers. Given the costs of the degree are the same, why wouldn’t Finance majors figure out that Economics is the better investment? Maybe that investments class is too late? LOL
Then again, people maximize utility, not income… maybe Economics is seen as just too boring and needs a better compensating wage differential to encourage more students to enroll?
My readers have any insight on this?