Distinguishing between Economics, Finance and Business Administration

In the era of industrialization and modernization, many young people are interested in socio-economic fields. Among them, the three fields of Economics, Finance and Business Administration are attracting a large number of candidates to register for admission and have admission scores that are always in the top.

Below are some differences between the three majors of Economics, Finance and Business Administration that candidates can refer to in order to distinguish and choose the most suitable one.

Distinguishing between Economics, Finance and Business Administration (Illustration: NN)

Define

According to the website of Ho Chi Minh City University of Economics, Business Administration is a major that synthesizes knowledge from two fields: administration and business. When choosing to pursue this major, you will be fully equipped with knowledge of many professions such as: accounting, law, marketing, logistics, human resources,...

Economics is a field of study that studies the production, distribution, and consumption of goods and services from a holistic perspective. Economics students will learn how to analyze and evaluate the correlation and impact of business activities on the overall economy of society...

Finance is a field of study that delves into issues related to money. Studying this field, students will be trained in knowledge such as banking, investments, forms of lending, credit funds, insurance, debt and some other related types...

Training form

The training program of Business Administration is more practical. Meanwhile, Finance and Economics are more theoretical and numerical.

Majors

Business administration has majors such as: Human Resources, Marketing, Sales, Accounting, etc.

Finance is divided into three areas: Personal Finance, Corporate Finance and Public Finance.

Economics has only two majors: Microeconomics and Macroeconomics.

Job opportunities

With Business Administration, if possible, you can open your own company or focus on pursuing a certain major in human resources or marketing.

While studying Finance, you can choose to pursue a career as a financial analyst, in other words, guiding individuals, businesses or governments on how to use money wisely.

With Economics, you can work as an economic analyst for the government or for businesses.

In general, job opportunities for all three majors are quite open. As long as you have enough capacity, you will definitely find a good job right after graduation.

If you are really passionate about one of the three majors of Economics, Finance and Business Administration, you can refer to more information about some universities that offer training in this major such as: University of Commerce, National Economics University, Academy of Finance, Vinh University, University of Economics (University of Danang), University of Finance - Marketing, Ho Chi Minh City University of Economics, University of Economics (Vietnam National University, Hanoi).

Anh Anh (Synthesis)

Source: https://vtc.vn/phan-biet-nganh-kinh-te-tai-chinh-va-quan-tri-kinh-doanh-ar841946.html