It is often thought that the degree in business administration and economics are the same, without understanding that they are subjects that are studied separately, due to the fact that they have their own characteristics and objectives, which make them different areas of study.
What is similar is that they carry out important studies on the coordination of resources and the functioning of the company’s finances, with the aim of achieving objectives, helping to strengthen business development.
What do you study in Business Administration and Management?
Business Administration and Management is a university degree that studies everything related to companies, from their creation to the day-to-day running of all the processes of expansion and internationalisation.
The aim of the degree is to provide a general overview of the world of business and companies, including a wide variety of subjects in the curriculum, ranging from microeconomics to financial accounting and brand management.
The advantage of studying Business Administration and Management is that it is a very versatile profession, training interdisciplinary professionals who are able to manage any type of company or their own business.
What do you study in economics?
Economics is the degree that deals with the study of the relationships of production, distribution and consumption of goods and services, taking into consideration the social environment and the economic process.
In this degree, the knowledge of economic systems, alternatives, resource allocation and sources of financing are studied in depth in order to better understand the economic reality and to optimise its functioning.
A degree in economics is made up of macroeconomics, accounting, mathematics, fundamentals of administration, international trade and industrial organisation. Professionals in economics can therefore work in private companies as well as organisations and in public institutions or social institutions.
They are responsible for the assessment and evaluation of economic issues in general, based on market and trend analysis.
Pathways of study
To enter either of these two degree programmes, you need to meet at least one of the following requirements:
- Holding a baccalaureate degree and having passed the university entrance exam.
- Holding a higher technical qualification in vocational training, plastic arts or sports.
- Pass the university entrance exam for students over 25 years of age.
- Fulfil the university entrance requirements for those over 40 years of age.
- Pass the university entrance exam for those over 45 years of age.
- Have a university degree or an equivalent degree.
It is important to mention that each access route has a certain percentage of places reserved. And that, in the case of private universities, they can establish their own admission criteria.
Career opportunities
In Business Administration and Management, as in Economics, very versatile professional profiles are formed, which open up many job opportunities. These range from audits to the creation of companies, through the design of strategies, definition of policies and digitalisation.
For business administration, the outlets tend to be qualified jobs in companies, in the area of marketing, accounting, management or management. With regard to economics, in companies, their work is oriented towards the analysis of the economic context and a global vision of it. And they can also work in public or private entities such as banks and international organisations.
Functions and positions
Business Administration and Management graduates can work in the administrative and financial area, accounting in banks and financial institutions. They occupy positions that are currently in great demand, such as commercial managers, supervisors, portfolio managers and managers, and company administrators.
The professional status of economists incorporates the functions of financial advisor, auditor, business administration and management, tax advisor, accountant, consultant, data processing and business information, business research and planning, teaching, etc.
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