<p>Ok guys, I'm a little confused. I know Michigan economics is very well respected. However, what can you actually do with an Economics degree? Is it that valuable? Do you get good paying jobs/internships, and is it possible to land a job on Wall Street?</p>
<p>What I hear from most people is that an Economics degree is not valuable. I really don't want to go into research or become an Economics professor, or land up in some poorly paid govt job. So, i'm really confused if majoring in Economics at Michigan is really worth it in the long run. </p>
<p>You can still make it to Wall Street with an econ degree. Note that it's not necessarily WHAT you learn but HOW you learn that gets you places. Econ majors have transferable quantitative and analytical skills that many business students lack, and note that econ majors get some of the highest scores on the LSAT. Employers are looking for skills and not necessarily any particular degree or curriculum.</p>
<p>^^ Quite right. Econ majors also score higher than business majors on the GMAT. They also score higher than business majors on the GRE. They also have higher starting salaries, on average, than business majors. (all averages of course.)</p>
<p>Is economics useful? Employers seem to think so. But people who genuinely like economics are the ones who tend to well in it and go on to many of the sought-after jobs.</p>