<p>how far will an economics degree take you in relation to finance? Im planning on majoring in Econ and minoring in finance..
Only thing is my cousin majored in econ at rutgers and is making like 40 k in his 8th year out school.</p>
<p>Howecver, another relative majored in econ at stony brook, got his masters at nu and is making around 100 right out of school.</p>
<p>Are there many jobs?</p>
<p>i second that question.. i am planning on doing economics major at university of michigan-ann arbor. How would my pay compare if i do a business major at carnegie mellon university ??</p>
<p>well, i dont think it matters too much where you undergrad-ed when you get a masters at top graduate schools like nu. i think the reason that you cousin is only gett 40k is because 1) he isnt that bright (no offense) 2) rutgers is not that great 3) econ at rutgers is not that great either, thus contributing to 40k</p>
<p>im have no clue how far econ can take you to, i actually want to know as well lol. anyways.. to lampard, i think econ at umich is just as great as business at tepper, both schools get recruitment at top firms pretty much, i guess it comes down to where you prefer to have your four years of life at.</p>
<p>Econ pays well, if you have a good GPA, go to a respected program and take the right approach. My starting job was over $50,000 when I graduated back in 1996 and my inceases in base pay were frequent and significant. By 1999, I was earning well over $70,000, not including bonuses.</p>
<p>Almost all econ. majors at top schools jump into IB/cons (example: ALEXANDRE). This is why they make good money. If you're at a mediocre college, you're much better off majoring in something like accounting. Because it will give you the option of directly working of a top 10 accounting firm and it's just much more lucrative.</p>
<p>econ. at a ordinary college is waste of time unless your getting your masters at a top school. Believe me, you won't getting a slick job in nyc with a degree in econ. from stony brook or rutgers.</p>
<p>do you think taking econ at UCSB pay well?</p>
<p>Here's a bit of wisdom for you. Choose what you're interested in and you will do fine. Just choosing a major based on money won't lead to happiness. If you love what you're doing you will be successful.</p>
<p>On the other hand, an econ major is a very desirable degree for most every type of industry.</p>
<p>Would econ at Northwestern be one of the "elite" schools you are referring to that would enable a person to land a job at a major firm right out of undergrad?</p>
<p>Yes. NU econ is very strong.</p>
<p>i think this question is...wrong. econ grads can do a lot things. if one does become an analyst of a job that actually requires economics, then i guess the pay is as bout the same as a iz grad, perhaps lower than someone from wharton or sloan.</p>
<p>but if one winds up in a managerial position, then i suppose its a level playing field.</p>
<p>"Almost all econ. majors at top schools jump into IB/cons "</p>
<p>hahahahahahah, biggest lie ever.</p>
<p>while econ majors at top schools have the potentials to jump into IB/MC, only a small portion of them jump in. a lot of them decide to take other jobs.</p>
<p>exactly. econs grads are versatile.</p>
<p>as for i banking, i read somewhere that literature/english majors are the most popular recruiting targets.</p>
<p>
[quote]
while econ majors at top schools have the potentials to jump into IB/MC, only a small portion of them jump in. a lot of them decide to take other jobs.
[/quote]
</p>
<p>Don't worry, I'm very well aware that there are other disciplines in the econ. track that are just as rewarding and appealing as IB/MC. Here is a site listing the various different careers (outside the typical "i-banking" jobs) for econ. majors:</p>
<p><a href="http://aem.cornell.edu/grad/careers.htm%5B/url%5D">http://aem.cornell.edu/grad/careers.htm</a></p>
<p>However, I got this off the grad. student site off Cornell CALS. Their undergrads don't do these jobs. These jobs are usually referred to as "research thinktank" positions. Jobs like these require an advanced study in econ. They're usually only open to students who study econ. more intensively - p.h.d's (hopefully a master's? I don't know). So yeah, while I agree that you can do a LOT with econ. degree outside of IB/MC; you need sort of an advanced study.</p>
<p>Interestingly enough, the site says undergrad. cornell AEM majors can go into "both the private and public sectors for careers in marketing, management, accounting, auditing, retailing, sales, and purchasing". so your claim that econ. undergrads can get other jobs is certainly valid.
But IMO these jobs don't really look that great or choicy when compared to what the grad students can do.</p>
<p>all this said, there is potential for someone studying econ. even at a mediocre school if they do well and get a grad degree at a top school. Unlike Cornell AEM, I don't think your typical undergrad econ. major can go into marketing, accounting, or auditing and even if they do I don't think they'd make much.</p>
<p>It's kinda ironic, but most students who get into Econ grad programs were math majors during their undergrad. It's because the math component in most Econ grad programs is so intense.</p>