Who is going to employ all the economics majors?

[Anonymous]

Anonymous wrote: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.....

And the people with connections getting those covetted finance jobs have art history degrees. Truth.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.....

And the people with connections getting those covetted finance jobs have art history degrees. Truth.

That's what I'm seeing from my Ivy kids' friends.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.....

And the people with connections getting those covetted finance jobs have art history degrees. Truth.

Art History is a major known to be associated with wealth.

The only person I know who majored in it was a semi-famous curator at the National Gallery.

It's been associated with high finance for decades. Michael Lewis was an art history major when he interviewed for Wall Street. He wrote about the popularity of economics as a major in Liar's Poker. That was about the 1980s.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.....

And the people with connections getting those covetted finance jobs have art history degrees. Truth.

not necessarily art history, but truthfully its not econ either. all of the internships i see are going to the "connected" kids.

[Anonymous]

The number of kids intending to major in “business” at a public university is astounding

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.....

And the people with connections getting those covetted finance jobs have art history degrees. Truth.

not necessarily art history, but truthfully its not econ either. all of the internships i see are going to the "connected" kids.

Yes. Current sophonore at an Ivy. It's 80% nepo connections for the top internships. And the last 20% is kids with perfect grades in hard majors who are also super outgoing with high EQ.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.

Not true. They will be competing with kids who have completed BS degrees in Accounting, Finance, Marketing, Intl. Business, Human Resources, Investor Relations, Sports Mgmt., and on. Econ degree - then plan for a MBA to make yourself marketable or you better have a hook such as an Econ. degree from a T20. Econ degree on its own is only marginally better than Sociology/Psychology, African/Asian/Gender Studies, etc for a retail manager job at Walmart. Don't fool yourselves or your kids. Econ. degree is great as a stepping stone up (along with GMAT, LSAT) but not for an entry level position post BA degree.

Retail Mgr at Walmart is many times high school graduate who was promoted from within. The discount retail industry prefers to hire college grads into their management training programs but there is more turnover of the college grads. Walmart Managers pull in around $250,000 per year depending upon the sales performance of their unit which is not bad for someone with a high school degree.

[Anonymous]

Anonymous wrote:

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

Def not true these days. Ask around.

It’s def still true these days. On campus recruiting has not dried up at top schools for traditional econ fields (finance and consulting).

[Anonymous]

Well, if you have an econ degree from an econ pioneer like Chicago, Harvard, Yale, Princeton, Columbia, then landing a job will be quite easy. From a vocational school like UGA or UTK? Nordstrom Rack needs employees, too.

[Anonymous]

Good idea for an Econ major or any non-biz major to take a few core biz courses such as accounting and finance.

[Anonymous]

Anonymous wrote:Good idea for an Econ major or any non-biz major to take a few core biz courses such as accounting and finance.

Most business jobs that aren't entrepreneur jobs don't require what is taught in those classes.

And I have taken them and I am mid-career. And have been involved in campus recruiting of BBAs and MBAs for an F500 corporation. The classes referenced are just distribution requirements that are theoretically useful.

I did like accounting classes.

[Anonymous]

Anonymous wrote:Well, if you have an econ degree from an econ pioneer like Chicago, Harvard, Yale, Princeton, Columbia, then landing a job will be quite easy. From a vocational school like UGA or UTK? Nordstrom Rack needs employees, too.

Nobody needs snobs.

[Anonymous]

Always interesting to see the different perspectives here. You have the people who associate business or econ degrees with what are essentially regional colleges where kids graduate and get hired as an assistant manager at a Lowe’s and the people who see econ grads landing at Goldman and McKinsey and Blue Owl and Citadel. And these two groups talk past each other entirely.

[Anonymous]

It's the next computer science - too many kids crowding out opportunities. Of course, if you're a comp sci major at MIT or Stanford or CMU, you'll be just fine regardless.

[Anonymous]

Law and business school, as they have always done.