Who is going to employ all the economics majors?

[Anonymous]

I have kids at a top20 schools and one at a state school and it seems like everyone is studying economics. All schools are running like 10 sections of micro (and at the state school they are close to 500 kids in a section.) One of mine is trying to transfer and literally every transfer in Reddit is applying for Econ as well.

Are there jobs for all these kids? It seems to me that there will be a massive glut of them hitting the workforce in 3-5 years.

[Anonymous]

OP--meant to type "I have kids at TWO top20 schools and one at a state school." 3 schools total.

[Anonymous]

Anonymous wrote:I have kids at a top20 schools and one at a state school and it seems like everyone is studying economics. All schools are running like 10 sections of micro (and at the state school they are close to 500 kids in a section.) One of mine is trying to transfer and literally every transfer in Reddit is applying for Econ as well.

Are there jobs for all these kids? It seems to me that there will be a massive glut of them hitting the workforce in 3-5 years.

McD is always hiring.

[Anonymous]

There are lots of general business jobs out there. Most of these kids won't be doing anything academic with economics, but they absolutely can be working in the business world.

[Anonymous]

Most schools I’ve looked at generally ed requirements have intro Econ courses as options. So it’s not surprising a gen ed course to have many sections &/or large classes?

Anyways, the government used to hire them. BEA (Dept of Commerce generally), Labor Department, Federal Reserve, Census, etc. Not sure how that environment has changed in the past 20yrs but basically any data collection/aggregation/analysis agency hired Econ students (and would pay for MA after a few years)

[Anonymous]

I was talking about this today.

seeing so many internships and jobs go to "connections" - that econ degree from a T20 won't get you there alone.....

[Anonymous]

Be all you can be.

[Anonymous]

Everyone is always fixated on IB and private equity and consulting. But the rest of the Fortune 500 companies actually need people to make the company work.

Working at Exelon or Colgate-Palmolive or whatever might not excite the people posting here about their kids chances at Princeton and their prospects for Goldman Sachs. But the companies that make energy or toothpaste pay a pretty good wage too. And there are a lot of corporations in America that value an econ degree from a decent school.

[Anonymous]

My group in Gov used to only hire Econ graduates but made changes to remove this restrictions to attract better/smarter candidates.

[Anonymous]

Developers for sure.

[Anonymous]

Its the same as a generic business degree, you can do the same things.

Really, who is going to employ all the Whatever majors, at this point with AI. They might as well study something that interests them.

[Anonymous]

For undergraduates, they look for jobs in any business fields, not much different from business major.

It's better to go for PhD in Economics. Then there are more opportunities in banking, government, consulting, teaching, and wall street.

[Anonymous]

Anonymous wrote:My group in Gov used to only hire Econ graduates but made changes to remove this restrictions to attract better/smarter candidates.

No they didn't. Why lie? Does it somehow make you feel good?

[Anonymous]

If they are at an ivy or private in the T10-15 they will have no trouble getting a job with econ as a concentration or practically anything else. These schools have top companies recruiting all the time on campus

[Anonymous]

Anonymous wrote:If they are at an ivy or private in the T10-15 they will have no trouble getting a job with econ as a concentration or practically anything else. These schools have top companies recruiting all the time on campus

Less companies coming on campus to recruit because of the job market.