Japan’s top 5 universities in economics and finance
Application strategy and internship employment analysis
Lecture 1: Understanding the Economics and Finance Major
Economics and finance have always been popular majors for studying in Japan. For students who are already preparing for exams in their juniors and seniors, as well as students who are about to face internship and employment, we will provide you with some dry goods to share. Hope it can be helpful to everyone.
The main content of the economic and financial direction lecture series consists of six parts. Today, I will explain two parts for you.
The first part will give you an in-depth introduction to the economics and finance major and its various sub-professionals, employment characteristics, and further study characteristics. (For example, there are many small majors under the economics major, such as economic history and international economics. There are also many majors in the financial major. Students are prone to confusion when they do not know the characteristics of these majors in the early stage of preparation. How to develop).
The second part will explain the misunderstandings of Japanese economic and financial majors. Because Japan's economic and financial majors are very different from those in China (from registration to final employment).
Finance majors belong to the general direction of economics and management.
Economics and management majors, currently the most popular among graduate students in Japan Professional. According to statistics from the Jasso Japan Study Abroad Corporation Support Agency, the number of international students studying for postgraduate studies in economics and management accounts for 42%, which is the largest major.
One, in-depth understanding of economics and finance majors
1. Economic theory major: pure theoretical category
Let me first talk about the small subdivisions of the economic category. First, One is economic theory. We know that it is more theoretical when we hear this name, so it focuses on some traditional theories, such as macro and micro economics, Marxist economics, and Western institutional economics.
Its characteristic is that there will be more pure research things and more in-depth. Therefore, it is suitable for these students who majored in economics and finance to continue their studies. For inter-professional students, we do not recommend studying economic theory, because relatively speaking, there are more requirements for theoretical foundation.
2. Economic history major: an unpopular subject
The second major is economic history major, which is To study the history of thoughts of economic development, for example, from the birth of currency, to the later generation of banks, and to the current generation of the securities industry. It is an unpopular major, but the number of students enrolled is relatively large, and the number of applicants for the exam is relatively small, so it is a relatively good major.
3. Game theory: Japanese traditional strong subject
The third is the direction of game theory, which is to study, for example, how the participants in the two markets play against each other and compete with each other. This is a traditional strength of Japan.Subject, the number of enrollment is particularly large. However, the direction of game theory requires relatively high mathematics and is not suitable for inter-professional students to prepare for the exam.
4. Economic statistics/econometrics
The fourth is economic statistics, the direction of econometrics, this It is also relatively partial to mathematics and science, so it is also not suitable for cross-professional students to prepare for the exam.
5. International economy and trade
The fifth mainstream direction is international economy and trade In this direction, There are a lot of cross-professional students preparing for exams in this major. Because his exam content is relatively simple, the content of research is also relatively simple, mainly studying economic exchanges between countries in the international society contacts.
6. Political Economy/Economic Policy/Institutional Economics/Finance
The sixth direction is Political Economics, Economic Policy, Institutional Economics, and Finance. The examination content of these directions is basically the same. A simple sentence is about how the government regulates the economy. Therefore, it is relatively practical and practical, and there are also many interdisciplinary students.
7. Environmental economy/urban economy/development economics
The seventh is environmental economy, urban The partial disciplines of economics and development economics are the application of economics to different fields. These are relatively unpopular subjects, but the number of students enrolled will be relatively large, so it is more convenient and easier to enter.
1. International finance: popular subjects (such as exchange rate research)
In the first category, for example, he is studying the exchange rate; how China's RMB and Japanese Yen exchange rates move and how they are determined. There are a lot of students who apply for the exam. There are a lot of professors in the field of international finance in various universities.
2. Quantitative Finance and Financial Engineering: Asset Pricing Methods/Partial Mathematical Theory
No. The second is the direction of quantitative finance and financial engineering. This direction is biased towards using mathematical methods to solve financial problems, especially asset pricing issues, such as stock pricing and bond pricing. Therefore, this direction is suitable for students majoring in science and engineering, students majoring in mathematics, or students majoring in finance, because it is more difficult and partial to mathematics.
3. Corporate Finance/Corporate Finance: IPO/M&A/Corporate Valuation
The third direction is corporate finance and corporate finance. It is the financial problem and valuation problem of the enterprise. It's just how much the company's stock is worth. The mathematics it involves is very simple, simple addition, subtraction, multiplication and division can be done, so there are a lot of students preparing for the test in this direction. Employment in this direction is particularly good, so it is one of the most popular majors in finance, and it is the best-developed major.
4. Financial accounting: corporate capital and cash flow situation
The fourth is financial accounting. Financial accounting is a bit similar to corporate finance, but it leans toward technology and technology flow. That is to do accounting analysis to analyze the cash flow of the company, as well as its capital and profitability.
5. Investment/securities: partial secondary financial market
The fifth if direction It is investment and securities. Investment securities is a popular major in finance, especially when the stock market is particularly good. The difference is that it is biased towards the secondary financial market, that is, the secondary transaction of stocks and securities that have been issued. Just like the domestic real estate market, there is this new house market and this second-hand house market. It is similar. In the second-hand housing market.
After introducing the economy After these directions in the financial category, you will find that there are a lot of directions, and there are a lot of categories, and each major is actually different. The difference includes employment, including exam preparation, but there is a certain difference.
But don’t worry, because it’s veryIn many universities, these directions are not divided in the stage of preparing for the master exam. Everyone takes the same exam together. Then after you go in, according to your first-year study and course selection, then enter the application for professors and apply for the minor.
Although there are many different types of subjects, there are almost only a small part of the main courses. According to the direction you want to develop in the future, you can choose something you are interested in in the first year of the master. Courses that are biased in this direction. Just like a domestic university, it is a course selection system, so there is no need to worry about which direction to decide now. It's just that you know which direction you will work towards in the future, because the real decision on the small direction is determined by most universities in the second year of the monk.
2. Misunderstandings of economics and finance majors in Japan's TOP5 universities
Next, let's talk about some typical misunderstandings of domestic students about the economic and financial direction of Japanese universities.
1. Mathematics for economics and finance? Can't prepare for exams with poor math?
The first one is whether to take mathematics in economics and finance. Isn’t mathematics bad, maths bad in undergraduate, liberal arts students, etc. can’t pass these majors?
First of all, domestic economics and finance majors really pay attention to the investigation of mathematics. Usually, mathematics is taken for postgraduate entrance examinations. But Japan is different. . Japanese universities have a subject selection system. You can select what you are good at, such as economics, macro and micro economics. You can also take the math subjects you are good at. Choose one of these subjects. Some schools even offer five subjects, and you can choose one of the five subjects you are good at, so you don’t need to answer all of them.
For example, if you choose the economic question, you don’t need to answer the math question. In economics, at most, only domestic high school mathematics can be used, not university advanced mathematics. This is an important difference from China.
I remember that when I was preparing for the Japanese university exam, I also did the domestic postgraduate entrance examination questions. It is true that the domestic postgraduate entrance examination questions are much more difficult, and The mathematics of these economic and financial subjects in Japanese universities is very simple, probably to the degree of seeking derivation.
2. Is it difficult to transfer liberal arts to economics and finance?
The second misunderstanding is that many students feel that it is not difficult for them to the liberal arts majors in economics and finance. It is actually wrong. Because economics and finance majors are one of the largest majors in Japanese universities, is the largest major in liberal arts, so the number of enrollment is particularly large. Although the examination questions may have some more mathematical and physical aspects (such as derivation) than other liberal arts, but because it has a particularly large number of admissions, and it is mainly objective questions (that is, objective questions with standard answers). Unlike other liberal arts, such as sociology, there is no standard answer for essays. Therefore, it is very easy to transfer liberal arts to economics and finance, and it is now the most popular major in the current major, and one of the most popular majors in liberal arts.
3. Everyone is going to major in economics and finance. Will there be great competition?
The third question is, since the economics and financial majors are so popular, everyone is applying for the economics and financial majors. Is the competition particularly fierce? This is also wrong. Whether the competition is big is a relative issue. It depends on the number of applicants on the one hand, and the number of students enrolled in the major of the school on the other, so we usually compete with this in terms of admission ratio. Is it difficult to be professional? For example, the admission ratio of economics and finance majors, many schools are more than 30%, that is, 10 people will be admitted, and 3 people will be admitted, so the admission ratio is particularly high. As far as we are currently studying, in the economics and finance majors, more than 60% are Japanese majors. In other words, the undergraduate has no history or support for studying finance, and the examination of economics and finance is still relatively simple.
4. TOEFL and GMAT scores are particularly high to test TOP5?
The fourth misunderstanding that everyone usually has is that I must first take the TOEFL score very high, so that I can prepare for other tests with a high TOEFL score. This is also wrong. Japanese universities are not so strict about the TOEFL inspection. Like Dongda, our professional TOEFL has a minimum score of more than 60 points, the highest score is more than 110 points. The most important thing is the score of the professional exam, not the language score.
5. Can domestic 985/211 test TOP5?
The fifth one is often asked by my classmates. I am not from 985 or 211. Can I not take the top 5 Japanese universities? This is also wrong. Because we have talked over the years, the professors of Top 5 universities usually only know the domestic Peking University and Tsinghua University, Shanghai Jiaotong Fudan University, and other schools have not even heard of it. So he will not particularly look at your school of origin, because for him, he has never heard of it, so mainly depends on your college student test scores. However, it is more difficult to apply for the top 5 universities if you are a college graduate. As long as it is a bachelor degree or above, everyone is on a common starting line.
6. First take the TOEFL and Japanese test before preparing for studying abroad?
Another misunderstanding is that many students want to teach me the third and fourth year, I have to take the TOEFL and Japanese test before preparing for the study abroad plan, and then apply and contact the professor, right? Is it more reasonable and better? This is also wrong. Contact the professor and prepare for the professional courses as early as possible. This has nothing to do with your TOEFL preparation and Japanese preparation as soon as possible. Not that I have to take the TOEFL test before preparing for the test. Because First of all, for Japanese universities, what they value most is research, your research ability. One is how to examine your research ability, and the other is your undergraduate research experience. The second is the level of the research plan. So these two things must be prepared as early as possible. Be sure not to leave it to the bottom. You must first get the key professional knowledge, as well as the research and the research plan. These two must be settled, and then you can go to the language together, because language is a very important thing.
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