Does UCLA Have a Finance Major? Explained

Unlike many universities, the University of California, Los Angeles (UCLA) approaches business and finance education differently. UCLA does not provide a standalone undergraduate “finance major” in the traditional sense. Instead, it offers robust pathways through related academic disciplines designed to equip students with the analytical and quantitative skills necessary for finance careers. This structure ensures students gain a broad foundational education and specialize in areas relevant to the financial sector.

UCLA’s Approach to Business and Finance Education

UCLA emphasizes a comprehensive liberal arts education at the undergraduate level, integrating specialized business and finance-oriented studies within broader academic departments. Instead of a direct finance major, students pursue majors that build a strong theoretical and analytical base, valued in the financial industry. The Economics Department plays a central role, housing several popular majors that serve as primary routes for students interested in finance.

The Anderson School of Management at UCLA is primarily a graduate-level institution, offering advanced degrees such as the MBA. While contributing to UCLA’s business reputation, its direct involvement with undergraduate curricula is limited. However, the rigor and reputation of its graduate programs can indirectly benefit undergraduates by fostering a strong academic environment and attracting faculty who may teach undergraduate courses.

Key Undergraduate Majors for Finance Careers

The Bachelor of Arts in Business Economics is considered the closest equivalent to a business or finance degree at UCLA. Housed within the Economics Department, this major integrates economic theory with practical business applications, including accounting principles and market dynamics. Students in Business Economics delve into microeconomics, macroeconomics, and industrial organization, preparing them to understand decision-making within firms and markets. The curriculum provides a solid analytical and quantitative background, directly applicable to various finance roles.

The Bachelor of Arts in Economics is another strong pathway, offering a rigorous analytical and quantitative education. This major focuses on economic principles and their application, valued in the financial sector. Students gain a deep understanding of economic models and statistical analysis, skills that are transferable to finance, investment banking, and consulting. The Economics curriculum often includes electives in corporate finance and financial markets, allowing students to tailor studies towards finance interests.

For those seeking a more quantitative approach, the Bachelor of Science in Mathematics/Economics combines rigorous training in both disciplines. This interdepartmental major is ideal for students aiming for careers in financial engineering, quantitative analysis, or graduate studies in economics. The curriculum emphasizes advanced mathematical and statistical techniques, providing a framework for understanding complex financial instruments and market behaviors. The Bachelor of Science in Financial Actuarial Mathematics also offers a quantitative program, focusing on applying mathematical and statistical methods to assess financial risks, preparing students for actuarial science and risk management roles.

Enhancing Your Finance Preparation at UCLA

Beyond selecting a relevant major, UCLA offers avenues to deepen finance preparation. Pursuing a minor can enhance a student’s profile for finance careers. For instance, an Accounting Minor provides knowledge of financial reporting and analysis, complementing economic and quantitative studies. An Entrepreneurship Minor is also beneficial, fostering an understanding of venture creation, financial modeling for startups, and strategic business development.

Students can also enroll in specific finance-related courses offered across various departments for specialized knowledge. The Economics Department offers courses such as Corporate Finance (Econ 106F) and Financial Markets (Econ 106M), providing exposure to financial theories and practices. The Management department sometimes offers relevant courses, like Real Estate Finance and Investment (MGMT 180) or Financial Statement Analysis (MGMT 126), accessible to students in related majors.

Engagement with student organizations focused on finance or investment enriches the educational experience. Groups such as the Undergraduate Business Society, Bruin Actuarial Society, and Bruin Consulting provide networking opportunities, practical skill development, and insights into financial careers. These organizations often host workshops, guest speakers, and recruitment events, connecting students with industry professionals. UCLA’s Career Center also offers resources tailored to finance recruiting, including resume workshops, interview preparation, and access to job and internship listings, helping students navigate the competitive finance landscape.