Can a decent gaming laptop do everything a workstation laptop can do?

For example I'm thinking of getting either the Lenovo y50 or y70 half for gaming and half for school work. So could it do all the arts, Design technology and programming stuff a workstation laptop could do. This is the specs:
2.5 GHz Intel Core i7-4710HQ (Haswell)
8GB of DDR3L RAM
1TB HDD + 8GB SSD Cache
NVIDIA GeForce GTX860M with 2GB
17.3" IPS Touchscreen
Full HD 1920 x 1080 Native Resolution
External SuperMulti DVD Burner
802.11ac Wi-Fi, Bluetooth 4.0
Windows 8.1