Reply to What's the job market like for Econ majors from a top 10 school?

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[quote=Anonymous][quote=Anonymous]A real economist has a PhD. I'm not sure of the value of someone with a 4yr degree in economics.[/quote]

They are bright undergrads with some quant skills. Still unformed and young. They have as much value as any other person with a bachelors... yet they get jobs and grow up.

In my PhD program, albeit a generation ago, most of the Americans had taken some time off before starting the PhD. Some of us to regroup because our undergrad wasn’t sufficient training, some because we had the kind of jobs discussed in this thread. Some because a PhD is loooong and it is best to feel refreshed.

The people who had RA jobs were well placed to get RA jobs from professors and to work on their research. That is a much better way to pay for grad school than years of teaching. And often that establishes a long term relationship with that faculty member along with publications.

People like me who didn’t have great skills upon arrival had to teach. After a year or two of that it doesn’t offer more professional development.

If your kid is truly great and gets into one of the top coastal schools they might be lucky enough to get fully funded without having to work most years. It probably isn’t a good idea to bank on that happening for your soon-to-be Freshman.  The freshwater schools generally require teaching or research assistantships. [/quote]

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