Evaluating the Easiest Degree: BS in Economics vs. BS in Business Administration
When students consider their academic paths, two popular degrees often come to mind: a Bachelor of Science (BS) in Economics and a Bachelor of Science (BS) in Business Administration. Both fields of study are integral to understanding business dynamics and economic principles. However, the ease of obtaining these degrees can vary, and often, it's complicated by personal aptitude, interest, and career goals. In this article, we delve into which degree might be considered easier, along with important considerations for students.
Math and Less Rigid Standards
One of the primary factors in determining the ease of a degree is the mathematical requirement. When it comes to mathematics, it is generally acknowledged that the BS in Economics tends to have a higher mathematical component. Econometrics, statistical analysis, and calculus form a significant part of the curriculum. Prospective students who struggle with math might find the BS in Business Administration a more suitable choice. The curriculum in Business Administration often includes less rigorous mathematical requirements and focuses more on practical applications and business theory.
Surveys and Degrees Trend
A significant survey conducted by the U.S. Bureau of Labor Statistics reveals that while both degrees are in high demand, the BS in Business Administration has had a steady rise in popularity since the mid-2000s. According to the same data, the rate of individuals pursuing the BS in Business Administration is on the rise, reaching nearly 600,000 students by 2021. Conversely, the growth in the number of economics graduates has remained relatively stable, numbering approximately 100,000 in 2020.
Relevance and Market Demand
The relevance and market demand for these degrees play a crucial role in determining which might be considered "easier." The BS in Business Administration is often seen as more mainstream, and with numerous graduates in the field, there is a saturation of similar qualifications. This reduces the uniqueness and marketability of the degree. In contrast, the BS in Economics might be viewed as more niche, attracting fewer graduates and thus potentially commanding more value in the job market. However, with the proliferation of courses in business administration, the value of the BS in Business Administration may diminish, making it less unique and less sought-after.
Inhibiting Factors and Personal Aptitude
While academic performance and personal aptitude are significant factors, several other inhibiting factors can affect the ease of obtaining a degree. For instance, social and cultural pressures, such as the perceived value of certain degrees, can influence a student's decision. The BS in Business Administration might be less challenging in terms of academics but comes with the pressure of an oversaturated market, leading to potential career difficulties. On the other hand, while the BS in Economics might be more challenging academically, it could be more individually fulfilling and potentially more rewarding in a professional context.
Conclusion
The BS in Economics or the BS in Business Administration, both degrees offer unique advantages and challenges. A degree considered "easier" is heavily influenced by personal strengths and career aspirations. For students with a natural inclination towards mathematics and a passion for numbers, the BS in Economics may be the best choice. Conversely, those with a more practical bent and a desire to enter a field with a broad range of career options might find the BS in Business Administration more accessible. Ultimately, the decision should be based on individual interests, academic strengths, and long-term career goals.
Frequently Asked Questions (FAQ)
Q: Can the BS in Economics be easier than the BS in Business Administration?
A: Yes, the BS in Economics can be considered easier if the student excels in mathematics and has a strong interest in economic theory. However, the relative ease also depends on the specific requirements of different institutions.
Q: Is the BS in Business Administration less valuable than the BS in Economics?
A: The value of each degree varies based on career aspirations and current market demands. The BS in Business Administration might be more versatile and in demand, but the BS in Economics can be more unique, leading to more specialized job opportunities.
Q: What are the main differences between the subjects of the two degrees?
A: The BS in Economics focuses on core economics principles and econometrics, while the BS in Business Administration covers a broad range of business practices including marketing, finance, and management. Students in Business Administration often have more practical, hands-on experience early in their studies.