Econ Major

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can anyone say what is the difference between a BA and a BS in Econ? My student is very strong in math and is looking at Econ as a second degree choice after Math.

It’s not about the degree type, but the actual courses. Any Econ program without econometrics, advanced econometrics, linear algebra, time series, and probability required or heavily suggested is a complete wash of a degree.

Again, not true. Lots of career paths are not that quantitative and do not require all of this. If you want to do quant stuff, by all means do as much math as possible, but it is not some universal thing.

So much bad info on this thread from bitter quants.

Why would any quant be bitter? Their job is awesome.

Because the econ grads ended up making more than them.

Doubtful. Few people are making more in a lifetime than the type of people making it big at Citadel.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can anyone say what is the difference between a BA and a BS in Econ? My student is very strong in math and is looking at Econ as a second degree choice after Math.

It’s not about the degree type, but the actual courses. Any Econ program without econometrics, advanced econometrics, linear algebra, time series, and probability required or heavily suggested is a complete wash of a degree.

This is to a T what DC did at Uchicago. He makes 3-5x peers who did Business Econ to easy their way out of math. By the end, he nearly ended with a math major!

Where is he now? Was this amount of math common?

[Anonymous]

We live in the 21st century so we have some data.

The 16 highest-paying college majors, 5 years after graduation
https://www.cnbc.com/2024/03/14/highest-paying-college-majors-5-years-after-graduation.html

Econ is of course top ranked.

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
Economics $65,000
Business analytics $65,000
Mathematics $65,000
15. Construction services $64,000
Pharmacy $64,000

[Anonymous]

Anonymous wrote:We live in the 21st century so we have some data.

The 16 highest-paying college majors, 5 years after graduation
https://www.cnbc.com/2024/03/14/highest-paying-college-majors-5-years-after-graduation.html

Econ is of course top ranked.

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
Economics $65,000
Business analytics $65,000
Mathematics $65,000
15. Construction services $64,000
Pharmacy $64,000

Why are math majors making that much? Seems like a rather useless degree unless you want to become a professor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We live in the 21st century so we have some data.

The 16 highest-paying college majors, 5 years after graduation
https://www.cnbc.com/2024/03/14/highest-paying-college-majors-5-years-after-graduation.html

Econ is of course top ranked.

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
Economics $65,000
Business analytics $65,000
Mathematics $65,000
15. Construction services $64,000
Pharmacy $64,000

Why are math majors making that much? Seems like a rather useless degree unless you want to become a professor.

All of the majors at the top require a strong mathematics background to even begin the coursework…

[Anonymous]

Isn't it a common sense?

these are top majors in terms of outcomes
CS, Engineering, Business(finance, accounting, analytics, MIS, etc), Econ, Math(applied math, statistics).

[Anonymous]

Anonymous wrote:

Anonymous wrote:We live in the 21st century so we have some data.

The 16 highest-paying college majors, 5 years after graduation
https://www.cnbc.com/2024/03/14/highest-paying-college-majors-5-years-after-graduation.html

Econ is of course top ranked.

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
Economics $65,000
Business analytics $65,000
Mathematics $65,000
15. Construction services $64,000
Pharmacy $64,000

Why are math majors making that much? Seems like a rather useless degree unless you want to become a professor.

Applied math and statistics are very useful in business and require brain, so

[Anonymous]

DC advisor explained that the students in the econ track with more math make a disproportionate amount more than the easy Econ degree and heavily motioned him that way. This is a t5 institution.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can anyone say what is the difference between a BA and a BS in Econ? My student is very strong in math and is looking at Econ as a second degree choice after Math.

It’s not about the degree type, but the actual courses. Any Econ program without econometrics, advanced econometrics, linear algebra, time series, and probability required or heavily suggested is a complete wash of a degree.

This is to a T what DC did at Uchicago. He makes 3-5x peers who did Business Econ to easy their way out of math. By the end, he nearly ended with a math major!

Where is he now? Was this amount of math common?

Investment Banking. All his friends in similar fields did a full on math major or had enough credits to complete one.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can anyone say what is the difference between a BA and a BS in Econ? My student is very strong in math and is looking at Econ as a second degree choice after Math.

It’s not about the degree type, but the actual courses. Any Econ program without econometrics, advanced econometrics, linear algebra, time series, and probability required or heavily suggested is a complete wash of a degree.

This is to a T what DC did at Uchicago. He makes 3-5x peers who did Business Econ to easy their way out of math. By the end, he nearly ended with a math major!

Where is he now? Was this amount of math common?

Investment Banking. All his friends in similar fields did a full on math major or had enough credits to complete one.

A terrible field! Make sure your son avoids op!

[Anonymous]

Anonymous wrote:DC advisor explained that the students in the econ track with more math make a disproportionate amount more than the easy Econ degree and heavily motioned him that way. This is a t5 institution.

This follows with DC's college. They yell at you freshman year to advance in math quickly, because you need it to be successful in economics. DC is already in econometrics sophomore year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can anyone say what is the difference between a BA and a BS in Econ? My student is very strong in math and is looking at Econ as a second degree choice after Math.

It’s not about the degree type, but the actual courses. Any Econ program without econometrics, advanced econometrics, linear algebra, time series, and probability required or heavily suggested is a complete wash of a degree.

Again, not true. Lots of career paths are not that quantitative and do not require all of this. If you want to do quant stuff, by all means do as much math as possible, but it is not some universal thing.

So much bad info on this thread from bitter quants.

Attempting a quantitative degree and refusing to do math makes you a poor fit for Econ and someone who shouldn’t be in a quantitative field. There’s much space in anthropology for social scientists who eschew mathematical reasoning.

M&A doesn’t require this level of quantitative background. Neither does sales on a trading desk, or most traders who don’t do quant/algo models. Nor do commercial or corporate banking. Nor does consulting. Nor does law school. Nor do the entry management and rotational programs at Fortune 500s. I could go on.

More quantitative econ degrees are helpful for algo/quant jobs, econ grad school, forecasting, and I guess if you want to do something like being an actuary.

So, OP, there you go. Like all econ threads here, this one got highjacked by weird quants trying to out-quant everyone, but the above are all career paths for econ majors.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can anyone say what is the difference between a BA and a BS in Econ? My student is very strong in math and is looking at Econ as a second degree choice after Math.

It’s not about the degree type, but the actual courses. Any Econ program without econometrics, advanced econometrics, linear algebra, time series, and probability required or heavily suggested is a complete wash of a degree.

Again, not true. Lots of career paths are not that quantitative and do not require all of this. If you want to do quant stuff, by all means do as much math as possible, but it is not some universal thing.

So much bad info on this thread from bitter quants.

Attempting a quantitative degree and refusing to do math makes you a poor fit for Econ and someone who shouldn’t be in a quantitative field. There’s much space in anthropology for social scientists who eschew mathematical reasoning.

M&A doesn’t require this level of quantitative background. Neither does sales on a trading desk, or most traders who don’t do quant/algo models. Nor do commercial or corporate banking. Nor does consulting. Nor does law school. Nor do the entry management and rotational programs at Fortune 500s. I could go on.

More quantitative econ degrees are helpful for algo/quant jobs, econ grad school, forecasting, and I guess if you want to do something like being an actuary.

So, OP, there you go. Like all econ threads here, this one got highjacked by weird quants trying to out-quant everyone, but the above are all career paths for econ majors.

None of the fields you are writing about seem to have anything to do with economics. Find it weird that a person is trying to rush into commercial banking with such a poor degree choice. Sure consulting is great for a temporary choice that a mediocre student at a good institution can have, but it is the type thing that can't also be replaced by AI.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can anyone say what is the difference between a BA and a BS in Econ? My student is very strong in math and is looking at Econ as a second degree choice after Math.

It’s not about the degree type, but the actual courses. Any Econ program without econometrics, advanced econometrics, linear algebra, time series, and probability required or heavily suggested is a complete wash of a degree.

Again, not true. Lots of career paths are not that quantitative and do not require all of this. If you want to do quant stuff, by all means do as much math as possible, but it is not some universal thing.

So much bad info on this thread from bitter quants.

Attempting a quantitative degree and refusing to do math makes you a poor fit for Econ and someone who shouldn’t be in a quantitative field. There’s much space in anthropology for social scientists who eschew mathematical reasoning.

M&A doesn’t require this level of quantitative background. Neither does sales on a trading desk, or most traders who don’t do quant/algo models. Nor do commercial or corporate banking. Nor does consulting. Nor does law school. Nor do the entry management and rotational programs at Fortune 500s. I could go on.

More quantitative econ degrees are helpful for algo/quant jobs, econ grad school, forecasting, and I guess if you want to do something like being an actuary.

So, OP, there you go. Like all econ threads here, this one got highjacked by weird quants trying to out-quant everyone, but the above are all career paths for econ majors.

None of the fields you are writing about seem to have anything to do with economics. Find it weird that a person is trying to rush into commercial banking with such a poor degree choice. Sure consulting is great for a temporary choice that a mediocre student at a good institution can have, but it is the type thing that can't also be replaced by AI.

The question is about econ as a major. Every one of the things I mentioned is an area that econ majors pursue. You clearly know nothing about this at all (and I mean not even a tiny amount) so why are you even here?

[Anonymous]

Anonymous wrote:Isn't it a common sense?

these are top majors in terms of outcomes
CS, Engineering, Business(finance, accounting, analytics, MIS, etc), Econ, Math(applied math, statistics).

It's just that school brand/prestige matters little more for Econ and Business than CS and Engineering.

Also a common sense.
Good luck with econ major at a podung school