<p>Since it seems like everyone and their mother is majoring in economics these days, is it a bad a major to go into? If I were to major in it would I be able to find a well paying job?</p>
<p>It's one of the highest paying majors.
It may not be as high as Computer Science and Engineering, it's surely on par with the Business majors and they usually get the same kind of job.</p>
<p>Choose your major not based on how much you'll make after college, but on your interest in the subject.</p>
<p>
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Choose your major not based on how much you'll make after college, but on your interest in the subject.
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Worst advice ever? Not factoring in salary information can put someone into a hugely bad financial situation. Money should always be a part of any decision process.</p>
<p>If that's the case, then eveyrone would be majoring in Computer Science.
If you major in high earning majors such as Business, Engineering and Computer but you have absolutely no interest in these subjects, you will not enjoy your college years, not to mention struggling to get good grades.</p>
<p>The only case when money becomes #1 factor for choosing a major is when the person has equal amount of interest (and talent) in various disciplines. That's when the person should use more holistic approach in making his final choice. But if the person already has deep interest in Art or Journalism, he shouldn't depend on some average salary chart to make the final decision.</p>
<p>Why do something you'll dread just to get a couple thousands bucks more when you can do something you are totally in love with? The chance is you'll have much more success in wherever you work if you are doing something you adore. Cliched this advice might be, it is true. That's why people continue to say this very samet hing over and over. </p>
<p>Would you, for instance, choose Computer Science for money even if you were completely computer illiterate? Sure you can always learn, but if you have no interest in it, the chance is that you won't do very well in it. A person tend to show interest in something he/she is good at. In contrast, a person tend to despise (or show no interest) at something he isn't very good at.</p>
<p>Notice how I just disagreed with the statement that money shouldn't have any place in a decision. It definitely should have a place in this decision. It's up to him to research and make a decision based on his preferences.</p>
<p>I'm going to hijack this thread.</p>
<p>How good is an Econ degree if it isn't from a top college? Let's suppose I get my Econ degree from...Ohio Wesleyan University. Could I still get the job I want (not necessarily banking, but I want to be in a position to improve a company and provide a new vision).</p>
<p>Funny that you mention Ohio Wesleyan. You should check out Standard and Poor's ranking for colleges and unis that produce business executives. It is now 15 yrs outdated but trends in this change a bit more slowly than the PhD productivity by institution.
According to the Standard and Poor's survey, OWU is 15th in the nation of producing business executives:
<a href="http://www.ctcl.com/colleges/ohio_wesleyan/Default.htm%5B/url%5D">http://www.ctcl.com/colleges/ohio_wesleyan/Default.htm</a>
If you spend some time online you can find the original survey.</p>
<p>Actually the reason I mentioned it is because they gave me merit money as a high school freshman for a science research project. I'm not sure on the fine print of it though, so I'm not relying too much on that. But I just thought it was another liberal arts college. I'll probably use it as safety.</p>
<p>If you can get in. Price discrimination is a smart producer (of education) strategy to extract consumer surplus and OWU has been running its admission strategy quite aptly lately.</p>
<p>If you're the next Gordon Gecko you don't need to major in business. The only real importance of your major in business is for your first two jobs. It isn't of course bad to consider the major if you want to get into a more prestigious position earlier. However, the major will be important for a limited amount of time.</p>
<p>To add, economics is an excellent major because it is flexible and you can get a good job in finance out of undergrad with a degree in economics. If you go to the right schools you can six figure jobs out of undergrad with econ. Even if you don't you'll still be able to find a job that pays well in finance. Economics is also excellent because it helps refine your skills of analysis.</p>