Is finance or economics better for law school?

Asked by: Mrs. Sandy Kling I  |  Last update: June 8, 2025
Score: 4.3/5 (71 votes)

the B.A. in economics is the best preparation for graduate and law school. The score on the LSAT exam is the primary statistic that Law Schools use to determine admission into their schools and when deciding on Financial Aid awards.

Is an economics degree good for law school?

Yes, rigorous social science (eg, Econ, Poli Sci, International Relations) and humanities (eg, Classics, English, Philosophy) majors are good preparation for both the LSAT and law school because of their focus on critical thinking and analytical writing.

Is a finance degree good for law school?

Law schools couldn't care less what you majored in as an undergraduate. Yes, a major in finance or accounting is a good major for an aspiring law student. So is English. So is mathematics. So is physics. When I advise aspiring law students about t...

What degree is most useful for law school?

The best major for prospective law school students is Political Science. Political Science offers a deep understanding of government, legal systems, and political theory. It also hones your critical thinking, analytical skills, and communication— key to law school and being a successful lawyer.

Is it better to study finance or economics?

In terms of employability, both majors generally have good job prospects. Finance tends to have more specialized career paths and often leads to higher starting salaries compared to economics. However, economics majors often find success in a variety of fields, allowing for more flexibility in career choice.

A Day in the Life of a Finance Intern in NYC

37 related questions found

What pays more, economics or finance?

The earning potential and salaries are comparable between the finance and economics fields. While the professions are related to one another, they're also very diverse, and salary can range based on the type and level of the job. As candidates gain more experience, they can typically negotiate for higher salaries.

Which is harder, accounting or economics?

Essentially, accounting is a bit more specialized than economics. It relies less on theoretical data and more on cold, hard facts. Accounting is also more technical.

Which majors do best on LSAT?

Here are some of the results:
  • Mathematics/Physics: 160.0.
  • Economics/Philosophy/Theology: 157.4.
  • International Relations: 156.5.
  • Engineering: 156.2.
  • Government/Service/Chemistry: 156.1.
  • History: 155.9.
  • Interdisciplinary Studies: 155.5.
  • Foreign Languages: 155.3.

What major has the highest acceptance rate to law school?

Classical studies is one of the best majors for law school preparation because of its high acceptance rate, which is over 83 percent.

Which subject is best for a lawyer?

Gaining knowledge in subjects such as psychology, sociology, or anthropology can provide insights into human behavior and societal dynamics that prove beneficial when interacting with clients and handling difficult legal matters. On a related note, foreign language skills can also be critically helpful.

Can finance be a prelaw?

Another undergraduate major that can prepare students for law school is finance. Similar to economics majors, finance majors often learn extensively about the policies that impact how people use money.

What is the dropout rate for law school?

The decision to attend law school shouldn't just be financially driven. You'll also want to consider the high dropout rates of law school, particularly among minorities. Overall, dropout rates are over 6% for first-year students. For American Indian, Hawaiian native, and Black students, the dropout rate is 11% to 13%.

Is finance degree still worth it?

The short, simple answer is: Yes, finance is still a good career path, but it will probably not be as good relative to other careers as it has been over the past few decades. If you are at a top university or business school, have the qualifications, and start early, that's fine.

Do finance majors do well in law school?

There were 2,024 finance majors who applied, and 72.7% were admitted. Coursework for finance majors may include business economics, cost analysis, accounting, business law, ethics, statistics and management. Finance can be an excellent major for those who plan to work in tax law, corporate law or real estate law.

Why do economics majors do well on LSAT?

It may be that, unlike other disciplines, studying Economics does not teach you particular answers to a given question, but rather Economics teaches you how to approach a question and reasonable and rational methods of obtaining an answer.

What type of lawyer can you be with an economics degree?

An obvious job path for someone with a background in economic law is working for a government legal service. Lawyers in the legal service work purely for the government, supporting officials in the creation, interpretation, and enforcement of laws and policies.

Is a 3.7 GPA good to get into law school?

Among the 191 ranked law schools that submitted grade data to U.S. News in an annual survey, the average median GPA of entering law school students in 2021 was 3.55. But at the 20 highest-ranked law schools, the average median GPA is much higher – 3.86.

What is the hardest law degree to get?

The hardest law school to get into is Yale Law School, with an acceptance rate of 5.5%. Followed by: Stanford Law School: 7% acceptance rate. The University of Pennsylvania Carey Law School: 3.8% acceptance rate.

What is the easiest law school to get into?

16 Easiest Law Schools to Get Into Based on Acceptance Rate
  • Creighton University Law School – 79%
  • University of Wyoming Law School – 78%
  • Marquette University Law School – 77%
  • Loyola New Orleans Law School – 76%
  • Drake University Law School – 75%
  • Oklahoma City University School of Law – 72%

What major scores highest on MCAT?

Interestingly, students who pursue math and statistics, humanities, and physical sciences as pre-med majors tend to achieve higher scores on the MCAT than those who take other majors. While there are exceptions, these three majors are definitely good majors for pre-med students.

Which LSAT month is the hardest?

There isn't one specific month that is the easiest or hardest to write the LSAT, and if there was, it would change each year since the students writing the LSAT change each year! The hardest test will be the one you haven't fully prepared for, regardless of the month!

What LSAT score does Harvard want?

So let's take a look at what it actually takes to have a chance of being admitted to the most prestigious and preeminent law school in the world. As you can see from these numbers, an LSAT score of 170 or higher and a GPA above 3.75 will give you a chance of gaining admission to Harvard Law School.

Is econ or finance harder?

If writing and explaining is your strong suit, economics could be easier for you. If solving mathematic equations is your strong suit, you may find finance to be easier. Remember, economics is a broader topic than finance. Therefore, some might argue that the more specific your major is, the more difficult it becomes.

Can an economics major become a CPA?

It is important that you know your state's requirements before choosing a major. Even though your economics major can offer some required coursework to become a CPA, you might have to take some extra classes to earn this certification.

Is finance or econ more math?

As a finance degree heavily depends on financial analysis and modeling, students may find the material more difficult if they struggle with mathematical concepts. However, students seeking an economics degree might have difficulty understanding abstract ideas like economic theory and policy analysis.