<p>How useful is Economics in this economy and are there any jobs for economics majors? I want to go into economics and hopefully study game theory and yet work at good scale job?</p>
<p>Economics kills all other majors. [Which</a> College Majors Pay Best? - Real Time Economics - WSJ](<a href=“Which College Majors Pay Best? - WSJ”>Which College Majors Pay Best? - WSJ)</p>
<p>Maybe it has a good wage, but what about the availability of jobs?</p>
<p>Also, while this may or may not be true, I’ve heard in the past that economics as a major generally gets a good reputation for being a high paying major because top-tier schools such as Stanford, etc. don’t have business schools so their students major in business econ/economics instead. While the reports such as the one in WSJ state a high salary for econ grads, the real-world wage might actually be much lower because of the “inflation,” so to speak, from the top schools.</p>
<p>Eric, without offense, you don’t know what the term MEDIAN means.</p>
<p>while there will be a positive upward bias in the MEAN from the Ivies, the median is resistant to this. Most economics majors come from schools outside of the ivy league. In a middle class environment, it’s reasonable to say that around .5-2% of college bound students will make it into an ivy league university. This isn’t enough to shift the statistics much.</p>
<p>I’m going to offer a case study - UC Berkeley.
<a href=“https://career.berkeley.edu/Major/Major.stm[/url]”>https://career.berkeley.edu/Major/Major.stm</a>
Economics average salary - $60,452 - <a href=“https://career.berkeley.edu/Major/Econ.stm[/url]”>https://career.berkeley.edu/Major/Econ.stm</a>
Business Administration average salary -$62,448 - <a href=“https://career.berkeley.edu/Major/BusAd.stm[/url]”>https://career.berkeley.edu/Major/BusAd.stm</a></p>
<p>After this, factor in the simple fact that the quality of students in HAAS is generally HIGHER than in econ(bus admin is a HIGHLY impacted program at Berkeley and they often reject people with 3.8GPAs and insane ECs)</p>
<p>Once again, I wasn’t 100% sure of the accuracy of what I said before but I was just trying to inform the OP about what I’ve heard on several occasions.</p>
<p>In retrospect I do know what median means but I thought that we were dealing with averages here when those statistics were posted about career earnings. To be fair your own case study at Berkeley used averages and not medians.</p>
<p>Also an economics degree from Berkeley would obviously pay closely to the BA degree because of the school reputation among other things. My point was that an economics degree from some unknown, unranked school MAY have a different salary than expected.</p>