Anonymous wrote:Anonymous wrote:Anonymous wrote:Economics is a solid degree.
Job and career opportunities are enhanced by having a solid understanding of statistics, knowledge of the R programming language for statistics, and Python programming. Those are the tools that let one analyze economic data - which is a typical entry-level role.
Aren’t data analysts of every stripe ripe for AI replacement?
Somebody needs to tell the AI what to do (choose the task), modify the task depending on AI results, and monitor or interpret the AI's results. AI is wildly overhyped right now AND if it does achieve productive time savings as a tool that means employees can specify more tasks and analyze more things. If AI really is going to be a massive job killer, do you think people will just say "Oh, I guess I won't do any work then". Or will they say "I will find new and different ways to be useful with the set of tools I have"?
Have you ever used a fully automated chatbot that accomplished what you wanted? I haven't. Chatbots suck! That is what a lot of AI is like right now.
Anonymous wrote:Anonymous wrote:My DS just graduated from a T25 and finally got a job (after 2 Econ internships), but is slumming it at only $70K.Brutal rn.
What is an Econ internship?
Anonymous wrote:Anonymous wrote:Well, FWIW when I was in law school I thought that econ majors had a much easier time than I did as a history major....
History is probably the best major for law school. Not sure why you thought econ majors had an easier time. Econ is a fine major but the history skills are a direct transfer.
Anonymous wrote:My DS just graduated from a T25 and finally got a job (after 2 Econ internships), but is slumming it at only $70K.Brutal rn.
Anonymous wrote:Anonymous wrote:Well, FWIW when I was in law school I thought that econ majors had a much easier time than I did as a history major....
History is probably the best major for law school. Not sure why you thought econ majors had an easier time. Econ is a fine major but the history skills are a direct transfer.
Anonymous wrote:Anonymous wrote:Let your kid pick their own major for God’s sake
Sure, like I have $60- $100 grand to throw out every year for a teaching, etc. degree.
Anonymous wrote:Let your kid pick their own major for God’s sake
Anonymous wrote:Anonymous wrote:Economics is a solid degree.
Job and career opportunities are enhanced by having a solid understanding of statistics, knowledge of the R programming language for statistics, and Python programming. Those are the tools that let one analyze economic data - which is a typical entry-level role.
Not always but often enough, have see students who can't do math switch to business major.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Can be hard to get a job especially if not from a top school. Take the math version of Econ plus some accounting and finance. There is huge supply of Econ majors and a lot of mediocre undergrad Econ programs.
What is the math version?
This, absolutely. Make sure he gets a BS in economics, not a BA. Big difference in starting and projected salaries.
Big difference is where you get the degree not BS/BA. Top school is matters not. Many top 20 schools only have the BA. Still get those jobs. The 100k jobs are going for the smarts not the expertise.
What are these 100k jobs? Management consulting?
Investment banking/analyst, topmost jobs only available to top schools for the most part, but some companies hire outside the T20 for regional analyst roles.
Anonymous wrote:Anonymous wrote:Anonymous wrote:I’d live to hear from people who actually graduated with an Econ major in 2015 or later, or from their parents. What was your/their first job out of college?
I'll answer this one for you. Son graduated from Michigan State (the horror! Not a top 10, the poor guy. /s) in 2022. First job was with a Tier 2 Business Defense Contractor in Business Dev. Spent some time overseas and in US plants, then working military sales. After 1.5 yrs applied for sales position in Federal Team at a FAANG. First job paid $75k no commission, now base is $80k but big commission so making quite a bit more (I'm not sure exactly how much although I could ask him).
Full disclosure: father and I have long carriers as execs in tech (him) and defense (me). So while we didn't get him the jobs, he got lots of help and coaching behind the scenes.
Thanks for sharing a specific example. I find these types of posts more helpful than generalities. And I’m thrilled for your son - what a great outcome!
Anonymous wrote:I’d live to hear from people who actually graduated with an Econ major in 2015 or later, or from their parents. What was your/their first job out of college?