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Econometrics and Quantitative Economics
Description   |   Colleges That Offer This Degree   |   What Careers Are Related?   |   Community
  Majors / Econometrics and Quantitative Economics  
     
 
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Author:
   Anonymous 
3 stars
 
Date:
 June 07, 2010
  Economics, General:

When I was in college, I was told to have a more general major like Economics. While I enjoyed studying economics, I don't think I would choose it again. Now that I have been in the workforce for some time, I believe a more applied major like finance or accounting would be more beneficial.
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Author:
   Anonymous 
3.5 stars
 
Date:
 January 15, 2010
  Economics, General:

Economics is a very difficult field if you do not have a natural lack at looking at things from an analytical point of view. If you enjoy using math in real life situations, then you'll like economics. I would recommend studying economics, it gives a good background for many different career paths and graduate schools. The pros are that I can do my own taxes, I'm in a field that I enjoy, and I have a stable, well paying career. The cons are that it is very hard work, and very complicated. There are long hours sometimes. However, I wouldn't have it any other way. I'm glad I chose economics as my major in college.
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Author:
   Anonymous 
5 stars
 
Date:
 May 28, 2009
  Economics, General:

Economics may look bored in the begining.But after entering you will realize that everything revolves round this subject.If you learn to enjoy this subject you will love to go on study till your end.The subject will fetch name and fame if you use your degree for understanding the economy of our country and contribute your valuable ideas to over come the major problem facing the nation.But at the same time the subject may ditch you as there is a market glut for employment.So Economics is not a vesry promising subject for getting in to the job race.
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Author:
   Anonymous 
2 stars
 
Date:
 April 10, 2009
  Economics, General:

I went to a liberal arts college and majored in Economics because it was the closest I could get to a Business degree. At the time, I thought I wanted to pursue investment banking or consulting, and figured that an Economics major would be my only hope for career consideration...not so! Though there were aspects of Economics that I enjoyed, I definitely would have preferred a different major that leveraged my college's strengths in the liberal arts (such as Art History, Asian Studies, Sociology etc). In hindsight, I would have majored in something else and just taken a handful of core Economics classes (Macro, Micro, Econometrics) so that I knew the basics and could speak to it in interviews. So my advice...pursue your passions and interests and only take courses in the fundamentals of Economics (unless, of course, you're passionate about long run supply curves!)
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Author:
   Anonymous 
5 stars
 
Date:
 April 10, 2009
  Economics, General:

One of the best things about Economics as a major is that it provides scientific insight into what motivates people. Economics can quantify desires and needs like no other science. A degree in Economics can provide entry into several fields including finance/banking, government including elected office, investment advisor and of course education. I would definitely recommend Economics as a degree and would choose this as a major again if I had the opportunity. I've listed several pros above. A negative would be the inconclusiveness associated with Economics. It is rare to find economists that agree and rarely can an economist accurately predict outcomes with a high degree of certainty.
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Author:
   Anonymous 
1.5 stars
 
Date:
 September 27, 2008
  Economics, General:

I majored in this subject since it was the only course I liked during my freshman year. While I did enjoy the major, I found at graduation that extra schooling was necessary to have any sort of job in economics. I am now working in a completely unrelated field. If I had to do it over again, I would choose another major, only for the usefulness factor.
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Author:
   Anonymous 
5 stars
 
Date:
 August 09, 2008
  Economics, General:

Make sure you are very versatile. You don't want to get honed in one skill set only. I would recomend studying this and I would do it all over again. The pros of this major are you can get a job in many fields (i.e. City planning, cost benefit analysis, corporate policy, theory, government, banking, financial, and ect...), it teaches you to think abstract, the field is constantly changing (never boring), only 2% of college students major in it and it's very interesting. The cons are a lot of people don't understand economics, the public may view you as odd depending on what you say about a certain policies advantages (i.e. abortion reduces violent crime) and there's so much to learn with so little time.
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Author:
   Anonymous 
3 stars
 
Date:
 June 09, 2008
  Economics, General:

Be aware that a terminal degree in economics is a PhD, not a bachelors, and that businesspeople don't necessarily have a lot of respect for a bachelors in economics. I think the information learned and the logical thinking established are very valuable, but you'll need some creativity (or more school) to use this major in the "real world". Would I major in economics again? Yes. I would also work more closely with my professors in looking at research projects.
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Author:
   Anonymous 
5 stars
 
Date:
 March 17, 2008
  International Economics:

If you're at all interested in how banking, money and finance really impact the world we live in then this is the best major you could hope for. I couldn't recommend it highly enough. The advantage of this major is that it teaches you how to think and how to analyse macroeconomic problems. The disadvantage might be that much of it is not necessarily applied economics in the way that, say, finance might be. This could be seen as less vocational by employers.
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Author:
   Anonymous 
2.5 stars
 
Date:
 October 08, 2007
  Economics, General:

Economics is a great major and a strong base for going for MBA after undergraduate but a word to the wise - there is little one can do with an economics degree (unless you have a business minor to back it up). Economics was a fall back degree for me after a failed attempt in journalism. I attended a university with a top ranked economics department so the classes were top level with great professors who demand the best of their students (i.e there were no free rides here at all!) Classes were very challenging and I was surprised actually at the math requirements for the major but as the courses progressed a good math base was necessary for success.
If I had to do it all over again I probably would not have chosen economics for myself. I dont have anything against the major with the exception of the job market after school. There are very few jobs for an economics major and I wound up taking a job with the Bureau of Labor Statistics as an economist but was unsatisfied with the challenges of the job. I would recommend that if you want to be an econ major, you set a goal of graduate school because the bachelors will not be enough to compete in this field.
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Author:
   Anonymous 
3.5 stars
 
Date:
 August 19, 2007
  Economics, General:

The degree is very intuitive for those who are good in math. I would suggest this as an excellent alternative to engineering for math lovers.
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Author:
   Anonymous 
4.5 stars
 
Date:
 May 08, 2007
  International Economics:

Economics is a very interesting subject. I would definetly recommend to study Economics.

If I get a chance to study Economics again, I would like to choose again Economics as a Major.
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Author:
   Anonymous 
1.5 stars
 
Date:
 March 28, 2007
  Economics, General:

If I had it to do over again, I would definitely take an introductory course in economics. However, I found higher-level courses in economics to be full of the details of academic arguments that were of little use to me as a citizen or as a participant in the economy.
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Author:
   Anonymous 
3.5 stars
 
Date:
 March 27, 2007
  Economics, General:

Economics is a good field for people with broad interests. It can be applied to many different aspects of life. However, make sure you know what you want to do with your life. Being an economist is very different from studying economics. I would probably choose this major again if I had to, but I would investigate career planning more if I could. The pros of this major are that it gives one practical knowledge that helps both in one's personal finances as well as on the job market. The cons are that if one likes more concrete knowledge or does not like math/statistics, then economics is not for them.
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Author:
   Anonymous 
1.5 stars
 
Date:
 March 13, 2007
  Economics, General:

Economics, as a liberal arts subject (i.e. as it is studied in any of the US' many liberal arts colleges, as well as in the Ivy League and in elite public and private universities), is not the most useful major, no matter what your aims. Even if you want to get a Ph.D. in economics, I would recommend an undergraduate career heavy in mathematics, statistics, econometrics and computer science courses, and a minor in economics so that you have the fundamentals of that subject's analytical tools. If you want to go into I-banking/finance, there is a relatively small set of courses that will be useful to you: take these, any necessary prerequisites, and focus again on technical skills: math and computer science again. If you really want to major in economics, push yourself as hard as you can to stand out from the crowd: there will be many people in your department, and competing with you later for jobs. Whether you form a strong relationship with a mentor, stake out a research field you're interested in, or take the hardest courses available, you must stand out from the run-of-the-mill Goldman-Sachs-analyst-wannabe. Departments invariably set a low bar on fulfilling major requirements: my university required one class in multivariable calculus as a prerequisite, one statistics course, and one econometrics course (i.e. three quarters of math!). Do not spread yourself too thin; economics is a wide and broad field, and it is too easy to end up with a degree not knowing anything about, well, anything. Use your time wisely to acquire depth in something: this may involve taking extra-departmental courses (for example, political science and history courses to bolster your understanding of economic developmental issues, IR courses with trade, biology classes for health economics and so on), but it will be worth when you graduate and you find yourself able to talk intelligently with experts, faculty and interviewers about at least one thing!
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Author:
   Anonymous 
3.5 stars
 
Date:
 March 09, 2007
  Econometrics and Quantitative Economics:

This is a major that is not for everyone. It requires highly advanced math skills, and a firm grip of calculus applied to the real world.

The benefits don't directly appear until one has a PHD, and then job opportunities abound.

However the information gleaned from the classes I took has been very valuable, especially combined with my 3 years of Computer Science.

I think everyone should take enough economics to love it as it is one subject (money) that everyone has to deal with.
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Author:
   Anonymous 
4 stars
 
Date:
 March 09, 2007
  Economics, General:

An economics degree provides a general overview of the macro and micro-economic forces that govern the national and global economy. It's a more marketable degree than many other liberal arts degrees. If I had to do it over again I may have gone with a more quantitative degree such as finance or business. The pros are that it's a marketable degree and generally not too difficult; the cons are that it may not have as much qualitative number-crunching that employers seek and does not have the respect of other business-related degrees such as accounting and finance.
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Author:
   Anonymous 
5 stars
 
Date:
 February 06, 2007
  Economics, General:

While I didn't seek employment in the field of Economics, I have found the reasoning skills and quantitative skills required by the major to be invaluable. I would recommend the major to people who enjoy ideas for their own sake, but are also interested in how ideas shape the way people interact. I would almost certainly choose this major again. The pros of having a degree in Economics is that there are many fields in business and social science that make use of the skills taught in a good Economics curriculum, including basic economic theory (particularly microeconomics), statistics and quantitative methods. The cons are that Economics isn't a particularly lucrative field in and of itself, and most jobs in the field require graduate study.
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Author:
   Anonymous 
5 stars
 
Date:
 January 19, 2007
  Economics, General:

In general, I recommend to all students to take a broad range of classes the first year of college. Even if the student is positive he wants to major in biology for example. Often the student will find something much more interesting and a better fit than what he originally thought. For a student considering the Economics Major I would advise him to talk to other Econ majors at his school to see if it sounds like something he'd be interested in pursuing. I would also advise the student to talk to some of the professors in the Econ department to see if any of them would be a good fit as a mentor or advisor for him.

If the student likes the subject matter and feels comfortable with the professors in the Econ dept, I would definitely recommend that he study Economics. It is a very interesting topic and has vary diverse studies within the subject. It opened my eyes to the world around me in terms of business and environmental decisions. For example, I didn't realize you could apply economics to try and calculate the value of a human life.

I really can't think of any cons for this major unless you do not want to have a career in Economics or in general business. If you do plan to pursue a career in Economics or business, I think Economics is an excellent major. I work in business analysis and Economics has given me a really good analytical foundation. Obviously no major in school will have you ready to start work the instant you graduate, but Economics will give you the fundamental tools you need to pursue a career where analytical skills and problem solving are key to success. If I had to do it over again, I would still choose Economics as my major because I loved it!
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Author:
   Anonymous 
4 stars
 
Date:
 January 19, 2007
  Economics, General:

If you decide to go into economics make sure you have a career path in mind. This will really help you when you start to look for a job. Economics is a broad based study of the business market so you will get a general knowledge of business practices. I haven't used my major too much in my career, but I have really just started out.
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