Should I Pursue a BA or BSc in Economics?
Determining whether to pursue a BA or BSc in economics can be a daunting task, especially with the seemingly interchangeable nature of these degree programs. However, carefully considering the course requirements, the emphasis on quantitative versus qualitative analysis, and the specific goals you have for your future career can help guide your decision.
The Equivalence of BA and BSc in Economics
Many institutions offer both a BA and a BSc in economics, and the core coursework is typically very similar, if not identical. This is because the fundamental principles of economics are the same regardless of the prefix on the degree. However, there are differences in the elective requirements and additional courses required for each degree, which can significantly impact the overall experience and skill set you obtain.
Elective Requirements and Additional Courses
One of the most important factors to consider is the additional courses required outside of the major. These electives can provide you with a well-rounded education and enhance your employability. For instance, a BSc in Economics might require courses in accounting, marketing, and management, which are valuable in the business world. On the other hand, a BA in Economics might require courses in history, calculus, and literature, which can provide a broader liberal arts perspective.
For example, at the University of Pennsylvania, all students in the Wharton School earn a BS in Economics, regardless of their specialization. However, economics majors within the same university earn a BA. This demonstrates that the specific requirements can vary significantly from one institution to another, impacting the final degree awarded.
Choosing Based on Career Goals
The decision between a BA and a BSc in economics should be based on your career aspirations and the skills you want to develop. If you are interested in pursuing a career in business, finance, or economics with a strong analytical foundation, a BSc in Economics might be more suitable. This degree program typically includes more math and statistics, preparing you for roles that require rigorous quantitative analysis, such as a financial analyst or an econometrician.
On the other hand, if you are more interested in a broader educational experience and a more qualitative approach to economics, a BA might be the better choice. This degree program often emphasizes social sciences, literature, and history, which can enhance your critical thinking and communication skills, making you well-suited for roles in policy analysis, consulting, or academia.
Why Bachelor’s Degrees in Social Science May Not Be Optimal
Another important consideration is the perception of a Bachelor of Science (BS) or Bachelor of Arts (BA) in Social Science. Employers often prefer candidates with a specialized degree in economics, as it demonstrates a deeper understanding of economic principles and the ability to apply quantitative methods. A Bachelor of Science in Economics with a strong emphasis on math and statistics is generally more valued in the job market, whereas a Bachelor of Arts in Social Science might be seen as less specific and less directly relevant to economics-related careers.
It is also worth noting that some institutions do not offer a Bachelor of Social Science at all, further emphasizing the importance of choosing a program that aligns more closely with your career goals.
Conclusion
The choice between a BA and BSc in economics ultimately depends on your interests, skills, and career aspirations. A BSc in Economics is a better choice if you are passionate about quantitative analysis and want a more specialized degree that prepares you for careers in finance, economics, or related fields. A BA in Economics is more suitable if you want a broader education that emphasizes social sciences and critical thinking, preparing you for a variety of roles in public policy, consulting, or academia.
No matter which degree you choose, a thorough understanding of economics principles and the ability to apply them in real-world situations will be crucial in your academic and professional journey.