Who is going to employ all the economics majors?

[Anonymous]

Starbucks

[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

Ha! You are living in the past. This is not true.

[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.

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.

Nope. Michael Lewis was at the London School of Economics (studying economics) when he got the Salomon Brothers job.

[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.

I met a few parents who have kids graduating college this year (my kid is also graduating this year). The UChicago and Columbia kids econ major kids dont yet have jobs lined up. One is in final stages of interview for a job with a pay range the parent is not happy about. All the parents were talking about trying to leverage personal contacts to get their kids a job. The kid from Fordham has a job lined up at a major bank (through connections).

[Anonymous]

Anonymous wrote:Psyche is still the number 1 major by far. Almost none become psychiatrists or psychologists…they do something else.

And psych majors don't make much. It's an easy major, which explains why the median salary of psych majors is low.

I think Econ majors probably have more quantitative exposure than pure business majors, but business majors have more exposure to business concepts, and students would choose concentrations, like Accounting, MIS, Marketing.. which is more attractive to companies seeking candidates for jobs in the business operations space.

Now a days, companies don't want to train graduates. They expect grads to already have some experience and knowledge of business operations.

[Anonymous]

I don't think some of you realize how many kids are studying Econ/business/finance. It's easily 50% at most schools. It's absurd. Plus many of the STEM kids want to go into those fields as well.

[Anonymous]

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

It's been a popular major for decades. Kids who go to public unis generally don't come from family money, so they need a good paying job after they graduate. They can't afford to just float around after graduation and contemplate what to do next.

[Anonymous]

Anonymous wrote:I don't think some of you realize how many kids are studying Econ/business/finance. It's easily 50% at most schools. It's absurd. Plus many of the STEM kids want to go into those fields as well.

DS is a dual math/CS major who has had and will have great internships this summer (like, really amazing ones that pay off the charts well).

He has friends who are business majors and said that he thought about getting a minor in business because he sees how useful it is, not that his degree is not useful. But, he sees value in it.

[Anonymous]

Anonymous wrote:

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.

I met a few parents who have kids graduating college this year (my kid is also graduating this year). The UChicago and Columbia kids econ major kids dont yet have jobs lined up. One is in final stages of interview for a job with a pay range the parent is not happy about. All the parents were talking about trying to leverage personal contacts to get their kids a job. The kid from Fordham has a job lined up at a major bank (through connections).

That's more of a reflection on the kids than their school. UChicago and Columbia's alumni networks in finance are very vast, which would make networking and finding connections easy. There might be some difficulties in the job market in the mix, but they should have a leg up in recruiting and job placement.

[Anonymous]

Economics is required for most business majors. That doesn't mean these students are majoring in econ.

[Anonymous]

Anonymous wrote:Economics is required for most business majors. That doesn't mean these students are majoring in econ.

The point is that they're all majoring in Econ/finance/business and aiming for the same jobs.

[Anonymous]

The market is already over saturated. Lower level school’s Econ programs are imploding NOW. The kids at T20 schools with Econ degrees are getting jobs because they’re graduating from a T20 school NOT because they have an Econ degree.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't think some of you realize how many kids are studying Econ/business/finance. It's easily 50% at most schools. It's absurd. Plus many of the STEM kids want to go into those fields as well.

DS is a dual math/CS major who has had and will have great internships this summer (like, really amazing ones that pay off the charts well).

He has friends who are business majors and said that he thought about getting a minor in business because he sees how useful it is, not that his degree is not useful. But, he sees value in it.

You do realize he could have said the same thing about an English minor or art history, theater, or literally anything else.

The only useful degrees that you mentioned are math and CS

[Anonymous]

Anonymous wrote:
The market is already over saturated. Lower level school’s Econ programs are imploding NOW. The kids at T20 schools with Econ degrees are getting jobs because they’re graduating from a T20 school NOT because they have an Econ degree.

No one’s econ program is imploding.

[Anonymous]

Anonymous wrote:

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.

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.

Nope. Michael Lewis was at the London School of Economics (studying economics) when he got the Salomon Brothers job.

PP. I'm away from my copy of Liar's Poker right now ... but your comment is splitting hairs a bit. He was an art history major in undergrad, he talks in his book in vaguely envious ways about being surrounded by economics majors in undergrad, and then there's a part that I believe is about interview advice he got while still a Princeton Art History major.

Here's what Google has to say:

"Michael Lewis, author of the 1989 Wall Street exposé Liar's Poker, famously graduated from Princeton University with a degree in Art History before becoming a successful bond salesman at Salomon Brothers. He often felt like an outsider, noting that finance professionals viewed art history as a "naive" field unsuitable for career building."