An economics degree is a good value that will provide you with a strong foundation throughout your future. It requires a great deal of critical thought and analysis. That being said, lots of people do econ degrees and end up in business jobs just fine, its just not as easy a path to that first job in most cases. Both business and econ students had the same opportunities. Going … Is an economics degree worth it, you ask before applying to an economics degree program. A bachelor’s degree in economics leads to an average salary of $58,200 per year as of 2012 – a significant increase from the average bachelor’s degree salary of just $44,259. I have a degree in economics and naturally I have many friends who graduated with the same major. liberal arts like psychology, history, economics, read reddit to KNOW FOR SURE that if you're not in a professional program you better get into something you can hired with, e.g. Web. This is not meant to deter you. Anyone who tries to tell you that a business degree is better or harder, frankly, hasn't got a fucking clue what they're talking about. Many people aren’t aware of the kinds of jobs a person with a background in economics can go on to pursue. However, it is generally much lower than the price of an MBA. Worth considering is that most applied / agricultural economics PhD programs require or strongly encourage candidates to already have masters degrees due to the difficulty in assessing research potential without it, whereas most regular econ programs expect students to come straight from undergrad so long as they have strong math skills. hide. Let’s take a look at what makes economics a valuable field of study. Moreover, economics can be a better choice if you’re interested in advancing to the graduate school level. Cookies help us deliver our Services. "Is a Master's Degree in Economics Worth It?." Economics is arguably one of the best degrees out there. New comments cannot be posted and votes cannot be cast. However, most economists require at least a bachelor’s level education. Not only is it at most a 2 year degree also you may decide at graduation to put your all and reach PhD level. Getting my first job was difficult. The field is incredibly diverse, with possibilities that go beyond the scope of this article. (opinion: Econ degree is at least 5x harder than a busad or finance degree). If you do econ, you can be an EXTREMELY valuable candidate if you minor/double in comp sci, mathematics, or statistics. A opens the doors to a broad range of roles, and economists often have the opportunity … I think econ grads can get just about any job a business grad can get, but the same cannot be said the other way around. This subject can offer a great deal of value and a solid base for a variety of professions. If working … The biggest problem right now for me is finding an entry level position that's going to give me those 2-3 years of experience. The most solid answer is, maybe, maybe not. I think majority of Economics graduates who don't intent to be in lectureship positions would benefit immensely from a Masters degree in Economics. Business undergrads are good if you want to go into a financial analyst position or doing accounting or something (boring IMO). save. 3 comments. If you’re wondering whether economics is a good major, you can rest assured that it can very well be. It depends on your capacity to network, gumption, and willingness to work hard. That's just my experience having graduated with an Econ degree with a ton of math/programming electives. What do you do with an economics degree? I went to 2 different universities that had business schools and well-regarded economics programs in the arts & sciences school. An economics degree can lead your career down any number of paths. Plenty of people don’t end up doing anything – working in a totally unrelated field – but lots of graduates go on to have very fulfilling careers. It becomes even more thought-provoking and challenging as you advance in your coursework. You’ll be able to give concrete examples of how you problem solve, particularly if you completed a thesis or internship as part of your program. I am currently a sophomore college student, and I am very interested in economics and am considering majoring in it. Most jobs that you would want to do (analyst/research) require minimum 2-3 years of prior experience. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site. However, the ROI might not be so clear cut when considering what you could be earning with just a bachelor’s in the years that it would take to get the degree. A master’s in economics will qualify you for a number of higher pay and more highly rated jobs. Web. share. An understanding of how markets work, supply and demand, the effects of fiscal policy on society and other such concepts make you a valuable commodity to numerous employers. In fact, a recent Forbes article named economics as #10 in their list of best master’s degrees. Curriculums are dumbed down and draws a lot of people who are just in it to get rich and employers finally know this. It’s actually a very good thing, as you will graduate with a sense of self-worth knowing that you rose to the challenge. You might also want to pair it with a minor in data analytics, statistics, computers. You may be surprised to learn the versatility this degree can offer. These are merely a few examples of how the study of economics can benefit you in your life and in your future career path. Can't say the same for your university or area since I don't know where you plan to study. Anyone who tries to tell you that a business degree is better or harder, frankly, hasn't got a fucking clue what they're talking about. Employers will see that you were able to successfully complete a very tough major, leading them to believe you are one who follows through on things and will bring that determination to their company. It’s actually a very good thing, as you will graduate with a sense of self-worth knowing that you rose to the challenge. The subject material you learn in such a program will give you a broad understanding of finance, markets, consumption and resource allocation. Agree, business degree has lost a lot of its luster in recent years. This degree can prepare you for a broad range of positions. Economics major also tend to earn the most money at the top end of the pay scale, beating engineers and … report. The cost of obtaining an advanced degree in economics or finance varies depending on the educational institution. In fact, the only degrees that consistently beat economics in earnings power are computer science and engineering. The core mission of /r/jobs is empowering job seekers and employees through the promotion of: their best interests, helpful and sound advice, and encouragement. My question is are their any decent careers that I can pursue with this degree? Is an Economics Degree Worth It. From the perspective of just having an undergrad degree, an econ degree generally is not seen as having a "skill" degree, such as business, engineering, etc. Sharing your hands-on research and giving examples of challenges you’ve overcome in your course of study will go far in landing you a lucrative and worthwhile job offer. Some schools and colleges offer economics and this would be an advisable choice for aspiring economics students, while physics and maths are among the typical school subjects studied by economics students.

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