If you are pursuing your MBA, consider a minor in the field of economics. Economics and various financial factors are some of the most interesting aspects of business administration. Human resources come and go and, frankly, complaining customers are not always right, but one thing is certain and solid: numbers don’t lie. If you see yourself as the type of business person who can analyze facts and figures to conclude with solid solutions, then economics may be the perfect concentration for you.
Being an economist or financial planner or consultant enables you to work within that aspect of business that can be predicted and assessed. Viewing a business from across the counter or desk is one thing—it may appear to be successful when it isn’t and may appear to be failing when money is actually being made behind the scenes. Looking at the business from the perspective of its books is quite another matter. When you view a business in terms of its actual inflow and outflow, its capital outlay on initial expenses, its expenditure for advertising, and its investment in employees, you are able to see what makes it tick. As a financial advisor you, above all others, will be able to give business owners the correct advice as to what moves to make in order to improve sales. You, above all others will have the tools to determine the road to success.
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