Glut of Econ majors

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For example for Harvard grads, https://collegescorecard.ed.gov/school/?166027-Harvard-University

Econ grads and Applied Math grads make about the same, 160K-170K

"The median annual earnings of individuals that received federal student aid and began college at this institution 10 years ago"

I don't know how accurate that is for small school. Many majors have graduate in counts by don't have any income data at all, presumably because not enough students in that major got Federal aid.

So this is four/six years out after graduation.
Most grad schools is 2-3 years. Even law schools are 3 years.

If we're talking top colleges, most grad school is certainly not 2-3 years, more like 5-8 years. 2 is for a scam masters program, 6 is for a PhD that pays you.

2-3 year masters programs are not scams.

Any master's degree that's not engineering, CS, or nursing is a scam.

Most MBAs are a scam - the top ten schools are the exception.

Except MBA salaries outside of the top ten are still quite good.

Calling most master’s degrees scams is a very weird take for a DC-based forum, given that master’s degrees are the minimum for a lot of jobs here and there are tons of people with master’s degrees here doing well.

The reason the non-top ten MBAs are a scam is that the kind of person who takes them is already in the business world with high-earning undergraduate degrees like finance or accounting, and those degrees don't much increase their salary that exceed the opportunity cost of paying for the degree and taking the time to do it. My recommendation is just work harder at the job you already have, and perhaps do some job hopping, and you don't need to bother with a non-elite MBA.

DC is of course a hothouse environment which is oversupplied with people who got scammed into getting an MA. Every single job I've had that "required" an MA could very certainly been done by someone with a BA from a decent school. These companies made an MA a minimum just "because they could".

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For example for Harvard grads, https://collegescorecard.ed.gov/school/?166027-Harvard-University

Econ grads and Applied Math grads make about the same, 160K-170K

"The median annual earnings of individuals that received federal student aid and began college at this institution 10 years ago"

I don't know how accurate that is for small school. Many majors have graduate in counts by don't have any income data at all, presumably because not enough students in that major got Federal aid.

So this is four/six years out after graduation.
Most grad schools is 2-3 years. Even law schools are 3 years.

If we're talking top colleges, most grad school is certainly not 2-3 years, more like 5-8 years. 2 is for a scam masters program, 6 is for a PhD that pays you.

2-3 year masters programs are not scams.

Any master's degree that's not engineering, CS, or nursing is a scam.

Most MBAs are a scam - the top ten schools are the exception.

Except MBA salaries outside of the top ten are still quite good.

Calling most master’s degrees scams is a very weird take for a DC-based forum, given that master’s degrees are the minimum for a lot of jobs here and there are tons of people with master’s degrees here doing well.

The reason the non-top ten MBAs are a scam is that the kind of person who takes them is already in the business world with high-earning undergraduate degrees like finance or accounting, and those degrees don't much increase their salary that exceed the opportunity cost of paying for the degree and taking the time to do it. My recommendation is just work harder at the job you already have, and perhaps do some job hopping, and you don't need to bother with a non-elite MBA.

DC is of course a hothouse environment which is oversupplied with people who got scammed into getting an MA. Every single job I've had that "required" an MA could very certainly been done by someone with a BA from a decent school. These companies made an MA a minimum just "because they could".

Does that he government still award automatic pay raises for advanced degrees? I recall scandals with people getting mail order masters or MBAs because you got an automatic raise.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For example for Harvard grads, https://collegescorecard.ed.gov/school/?166027-Harvard-University

Econ grads and Applied Math grads make about the same, 160K-170K

"The median annual earnings of individuals that received federal student aid and began college at this institution 10 years ago"

I don't know how accurate that is for small school. Many majors have graduate in counts by don't have any income data at all, presumably because not enough students in that major got Federal aid.

So this is four/six years out after graduation.
Most grad schools is 2-3 years. Even law schools are 3 years.

If we're talking top colleges, most grad school is certainly not 2-3 years, more like 5-8 years. 2 is for a scam masters program, 6 is for a PhD that pays you.

2-3 year masters programs are not scams.

Any master's degree that's not engineering, CS, or nursing is a scam.

Most MBAs are a scam - the top ten schools are the exception.

Sort of agree and it's nothing different that many of college degrees are scams.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For example for Harvard grads, https://collegescorecard.ed.gov/school/?166027-Harvard-University

Econ grads and Applied Math grads make about the same, 160K-170K

"The median annual earnings of individuals that received federal student aid and began college at this institution 10 years ago"

I don't know how accurate that is for small school. Many majors have graduate in counts by don't have any income data at all, presumably because not enough students in that major got Federal aid.

So this is four/six years out after graduation.
Most grad schools is 2-3 years. Even law schools are 3 years.

If we're talking top colleges, most grad school is certainly not 2-3 years, more like 5-8 years. 2 is for a scam masters program, 6 is for a PhD that pays you.

2-3 year masters programs are not scams.

Any master's degree that's not engineering, CS, or nursing is a scam.

Most MBAs are a scam - the top ten schools are the exception.

Except MBA salaries outside of the top ten are still quite good.

Calling most master’s degrees scams is a very weird take for a DC-based forum, given that master’s degrees are the minimum for a lot of jobs here and there are tons of people with master’s degrees here doing well.

The reason the non-top ten MBAs are a scam is that the kind of person who takes them is already in the business world with high-earning undergraduate degrees like finance or accounting, and those degrees don't much increase their salary that exceed the opportunity cost of paying for the degree and taking the time to do it. My recommendation is just work harder at the job you already have, and perhaps do some job hopping, and you don't need to bother with a non-elite MBA.

DC is of course a hothouse environment which is oversupplied with people who got scammed into getting an MA. Every single job I've had that "required" an MA could very certainly been done by someone with a BA from a decent school. These companies made an MA a minimum just "because they could".

Every single job I've done as an MBA could have been done by a BA.

Master's degrees are indeed the old bachelor's degree. And they do allow for focus more than a 10 class major.

[Anonymous]

WTF people worry about econ major

https://www.cnbc.com/2024/03/14/highest-paying-college-majors-5-years-after-graduation.html

1. Computer engineering $80,000
2. Chemical engineering $79,000
3. Computer science $78,000
4. Aerospace engineering $74,000
5. Electrical engineering $72,000
6. Industrial engineering $71,000
7. Mechanical engineering $70,000
8. General engineering $68,000
Miscellaneous engineering $68,000
10. Finance $66,000
11. Civil engineering $65,000
11. Economics $65,000
11. Business analytics $65,000
11. Mathematics $65,000
15. Construction services $64,000
15. Pharmacy $64,000

LOL

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For example for Harvard grads, https://collegescorecard.ed.gov/school/?166027-Harvard-University

Econ grads and Applied Math grads make about the same, 160K-170K

"The median annual earnings of individuals that received federal student aid and began college at this institution 10 years ago"

I don't know how accurate that is for small school. Many majors have graduate in counts by don't have any income data at all, presumably because not enough students in that major got Federal aid.

So this is four/six years out after graduation.
Most grad schools is 2-3 years. Even law schools are 3 years.

If we're talking top colleges, most grad school is certainly not 2-3 years, more like 5-8 years. 2 is for a scam masters program, 6 is for a PhD that pays you.

2-3 year masters programs are not scams.

Any master's degree that's not engineering, CS, or nursing is a scam.

Most MBAs are a scam - the top ten schools are the exception.

Except MBA salaries outside of the top ten are still quite good.

Calling most master’s degrees scams is a very weird take for a DC-based forum, given that master’s degrees are the minimum for a lot of jobs here and there are tons of people with master’s degrees here doing well.

The reason the non-top ten MBAs are a scam is that the kind of person who takes them is already in the business world with high-earning undergraduate degrees like finance or accounting, and those degrees don't much increase their salary that exceed the opportunity cost of paying for the degree and taking the time to do it. My recommendation is just work harder at the job you already have, and perhaps do some job hopping, and you don't need to bother with a non-elite MBA.

DC is of course a hothouse environment which is oversupplied with people who got scammed into getting an MA. Every single job I've had that "required" an MA could very certainly been done by someone with a BA from a decent school. These companies made an MA a minimum just "because they could".

Wrong.

Get that MBA. It helps. No employer will turn down a person with more skills that can come from an advanced degree. Don't fall for the "less is more" ethos.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For example for Harvard grads, https://collegescorecard.ed.gov/school/?166027-Harvard-University

Econ grads and Applied Math grads make about the same, 160K-170K

"The median annual earnings of individuals that received federal student aid and began college at this institution 10 years ago"

I don't know how accurate that is for small school. Many majors have graduate in counts by don't have any income data at all, presumably because not enough students in that major got Federal aid.

So this is four/six years out after graduation.
Most grad schools is 2-3 years. Even law schools are 3 years.

If we're talking top colleges, most grad school is certainly not 2-3 years, more like 5-8 years. 2 is for a scam masters program, 6 is for a PhD that pays you.

2-3 year masters programs are not scams.

Any master's degree that's not engineering, CS, or nursing is a scam.

Most MBAs are a scam - the top ten schools are the exception.

Except MBA salaries outside of the top ten are still quite good.

Calling most master’s degrees scams is a very weird take for a DC-based forum, given that master’s degrees are the minimum for a lot of jobs here and there are tons of people with master’s degrees here doing well.

The reason the non-top ten MBAs are a scam is that the kind of person who takes them is already in the business world with high-earning undergraduate degrees like finance or accounting, and those degrees don't much increase their salary that exceed the opportunity cost of paying for the degree and taking the time to do it. My recommendation is just work harder at the job you already have, and perhaps do some job hopping, and you don't need to bother with a non-elite MBA.

DC is of course a hothouse environment which is oversupplied with people who got scammed into getting an MA. Every single job I've had that "required" an MA could very certainly been done by someone with a BA from a decent school. These companies made an MA a minimum just "because they could".

Then it’s not a “scam” to get one. It’s the way the game is played, for better or worse (probably worse).