Wow, I didn't realize that finance is so much more competitive than economics. I am studying in the U.S. and am unsure what major I will decide. thanks for your opinion.
I think an economics degree is broader in scope, but ultimately mostly the same types of jobs are accessible by both so if it is solely by their prestige in the Taiwanese job market I guess switching would be best. However, do consider whether you'll enjoy it more or less. Ultimately degrees like mathematics or engineering have an edge as they can access most jobs the two above majors can whilst also more field-specific technical jobs. (Studying neither, btw, I study economics.)
as someone who studies econometrics under the economy faculty. (3rd year student), i think it depends on what you really want to do. Finance is quite spesific. Just because it has more competition doesn't mean you should sign up for it. If you clearly want to do something about finance, for example being a CFO and etc. Then you should sign up for it. But i think economics has much more variety of subjects and if you don't know what you want to do clearly, you should stick to economics. Because you will have much more choice than finance. At the end of the day, it doesn't matter that much what you choose because, there is no such a thing as you can't be a CFO without finance degree or you can't work in a bank without economics degree. They are related and dependent on each other. For example, my cousin studies international finance and when i check the classes he takes, it matches with econometrics more than %60. for real, you can try double major too. having 2 degrees might be your answer but if i were you i would stick with economics. bc you didn't seem to be interested in finance that much. The only thing you said about finance that you enjoy competition so you might switch up to it. but at the end of the day, you already going to compete with other students when you graduate or apply for an internship. Competition is everywhere , don't have the illusion that finance has the more competition that economics. I think the opposite. economics degree is like an ocean and finance degree is a lake in my opinion. There are so many choices in economics degree which makes it suitable for competition. That's my opinion but here what i can suggest you to do.. 1) compare the classes and their contents. 2) think about which one of the courses has the most interesting subjects according to you 3) decide if you enjoy or can love studying those subjects for hours and hours. 4) if money is important to you, compare the average finance graduate's wage to economics graduate's wage in Taiwan. After all you live there and if finance graduates get paid more, ofc you might want to switch the finance. BUT the first 3 of the steps are mandatory if you want decide based on 4th step. Because if you don't love something, money is not going to make you happy for 40-50 years of unhappiness. Make sure you love finance courses. Don't rush things btw!! If you are on your first year i think you might still have a chance to switch when you are on your second year too. Thats like that here but idk about your country. I think if you have the chance try not the rush things up! and consider double major too!
Thank you for your valuable insight! It is very detailed and I benefit greatly from it. I appreciate the time and effort you put into this comment, and wish the best for you too!
Wow, I didn't realize that finance is so much more competitive than economics. I am studying in the U.S. and am unsure what major I will decide. thanks for your opinion.
Wishing you the very best!
I think an economics degree is broader in scope, but ultimately mostly the same types of jobs are accessible by both so if it is solely by their prestige in the Taiwanese job market I guess switching would be best. However, do consider whether you'll enjoy it more or less.
Ultimately degrees like mathematics or engineering have an edge as they can access most jobs the two above majors can whilst also more field-specific technical jobs. (Studying neither, btw, I study economics.)
as someone who studies econometrics under the economy faculty. (3rd year student), i think it depends on what you really want to do. Finance is quite spesific. Just because it has more competition doesn't mean you should sign up for it. If you clearly want to do something about finance, for example being a CFO and etc. Then you should sign up for it. But i think economics has much more variety of subjects and if you don't know what you want to do clearly, you should stick to economics. Because you will have much more choice than finance. At the end of the day, it doesn't matter that much what you choose because, there is no such a thing as you can't be a CFO without finance degree or you can't work in a bank without economics degree. They are related and dependent on each other. For example, my cousin studies international finance and when i check the classes he takes, it matches with econometrics more than %60.
for real, you can try double major too. having 2 degrees might be your answer but if i were you i would stick with economics. bc you didn't seem to be interested in finance that much. The only thing you said about finance that you enjoy competition so you might switch up to it. but at the end of the day, you already going to compete with other students when you graduate or apply for an internship. Competition is everywhere , don't have the illusion that finance has the more competition that economics. I think the opposite. economics degree is like an ocean and finance degree is a lake in my opinion. There are so many choices in economics degree which makes it suitable for competition.
That's my opinion but here what i can suggest you to do..
1) compare the classes and their contents.
2) think about which one of the courses has the most interesting subjects according to you
3) decide if you enjoy or can love studying those subjects for hours and hours.
4) if money is important to you, compare the average finance graduate's wage to economics graduate's wage in Taiwan. After all you live there and if finance graduates get paid more, ofc you might want to switch the finance.
BUT the first 3 of the steps are mandatory if you want decide based on 4th step. Because if you don't love something, money is not going to make you happy for 40-50 years of unhappiness. Make sure you love finance courses. Don't rush things btw!! If you are on your first year i think you might still have a chance to switch when you are on your second year too. Thats like that here but idk about your country. I think if you have the chance try not the rush things up! and consider double major too!
Thank you for your valuable insight! It is very detailed and I benefit greatly from it. I appreciate the time and effort you put into this comment, and wish the best for you too!
@zhiheng796 yea it sems like i have free time right.. lol:D thanks for answering, wish you luck on your choice and life
continued as economics and after do finance as second degree you can always do both ?
None, choose Engineering lol ;)
jk, you raised some good points.