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/biz/ - Business & Finance

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387775 No.387775[DELETED]  [Reply] [Original]

hey /biz/ is economics a worthless degree?
should I pursue a different degree if I want to work with stocks/banks?

>> No.387778

>>387775
bump

>> No.387782

Everything is worthless.

>> No.387784

>>387775
Finance, emphasize your quant skills.

Economics is too broad for the current job market.

>> No.387788

It's all relative. It's going to be more valuable than a gender studies degree.

Econ is pretty academic vs. practical. You're spending a lot of time discussing theory. Finance is a bit more hands on and deals with stuff you'll actually be dealing with.

That said, no one gives a fuck if you have a finance degree vs. an econ degree. All anyone cares about if that you're smart / hardworking

The better your school the more valuable an econ degree is relative to a finance/biz degree, but hard work matter more than what your degree is in

>> No.387798

>>387784
>>387788
Ah so finance would be a better route

I looked up financial analyst of the department of labor and wow they get shit pay for the areas they are required to live at and most work past 40 hour weeks.
doesn't even seem worth it :|, do any of you guys have experience in the field?

>> No.387803

>>387798
Search up quantitative analyst.

>> No.387817

>>387803
>quantitative analyst.
>"At the other end of the pay scale, an entry-level quant position may earn only $125,000 or $150,000, but this type of position provides a fast learning curve and plenty of room for future growth in both responsibilities and salary."

Now thats good stuff, do you know how hard the math is for the job? being payed that much for an entry level position typically means that its a mentally demanding job.

Im good at math but i'm not the best, I only scored a 700 on my SAT math section and im taking Calculus AB my senior year of HS if thats any indicator of my skill.

>> No.387818

Join the no degree entrepreneur master race

>> No.387821

>>387818
nah im gonna join $50,000 debt master race instead

>> No.387863

>>387775
I have a number of friends who work for banks and have finance degrees.
All of them admitted that nothing of what they studied was related to what they do now.
So yea..

>> No.387870

>>387863
do they atleast enjoy their jobs? what do they do?

>> No.387965

>>387775
It's not worthless if you want to be economist. Not really worth a normal businessman doing an entire degree in allthough its essential to have a basic understanding of how the economy works.

>tfw Keynesian economist shat themselves after the GFC

>> No.387969

>>387817
most of it is just statistics and calc but you have expensive programs and calculators to help

>> No.387975

A lot of people that work in finance are economic majors and self taught finance or with a minor in finance. Also a lot of schools have finance economics courses which is advanced microeconomics combined with finance.

>> No.388705

>>387775
math is the only worthwhile degree

>> No.390484

>>388705
>math
this

then go for the MBA or postgraduate degree

>> No.390486

>>387870

For one, you'll start off working 80 hours a week.

>> No.390558
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390558

>>387775
I got my degree in business economics and now am going back to pursue a degree in information systems. It was so hard for me to get a job with my econ degree.

>> No.390570

>>390558
what job did you finally land?

>> No.390576

>>387775
I have a friend who is majoring in economics and minoring in spanish. He already has job offers from foreign countries. Maybe if you couple it with a good minor you can set yourself apart like he did.

>> No.390595

>>387818
I'm not paying anything for college, are there any degrees which would provide a strong basis for building your own venture and becoming self employed?
>>390484
Any other valuable undergrad degrees? I find pure math boring (like any very academic, not practical subject).

>MBA
>postgrad
In which respective cases would either one of those be better?
Ae JDs bad investments?

>> No.390680

>>390486
>80 hours
If you're lucky

>> No.390689

m8 just finished my degree. you have to compliment economics with something. it's interesting but it's extremely frustrating in itself

>> No.390693

>>390689
did u get a job

>> No.390954

Hey OP, I graduated with an Economics degree and know work as a Stockbroker. Honestly the degree helps a little but but you'll learn a lot as you go, especially when you study for your licensing exams (Series 7, etc).

A co worker of mine graduated in Psychology and she's done a great job so far. Depends on your work ethic and how fast you can learn.

>> No.390958

>>390689

Finance/Economics is pretty nice. I just graduated with a finance degree and I find I'm learning a lot of econ stuff on the job. I work in forex.

>> No.390960

>>387775
Economics isn't just stocks, it's production, government spending, etc. Finance, which is what stocks and banks are, is pretty specific and a whole lot more respectable not to mention rigorous.

>> No.391021
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391021

>living in sweden
>mfw no finance degrees in sweden
>mfw no existent stock and forex trading in sweden
>mfw to scared/stupid to study in another country

>> No.391035

>>390958
Right on. I'm assuming you do a lot of technical analysis. I've been interested in learning technical analysis as I'm taking stats (quantitative methods) and a lot of the stuff deals with linear regression, trend projection, moving averages, all stuff you'd use but nothing about how to actually read it and what to look for. Anything you could recommend to me to read or look into? Not looking at being a day trader or anything but just looking for different ways to read what's available and use it for my long term investing purposes.
Thanks.

>> No.391049

>>390693
I did it with engineering and I'm going for jobs in that field

>> No.391687
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391687

>>391021
But sweden got handelshögskolan i stockholm, i think it was rated as one of top 30 best finace/economi school

>> No.391924

I talked with a portfolio manager that works in LA and he said that most of the new analysts are math guys or math/econ from Stanford>Berkeley>UCLA>UCSD
Also, be a wizard w/ Excl and have some rudimentary programming knowledge

>> No.391931

>>391924
yup. math is superior if you can do it. physics and engineering is good too.

>> No.391949

>>387775

Most of it depends on what you do with it and what you do in college, too. Experience helps, but Econ typically gives a good quantitative background. Gives you some firepower if you want to do a few classes that deal with business presentations and what not. Good story of mine:

>In Bus English class
>Presentation week
>Group gives marketing request for proposal for Hawaii Tourism board (supposed to base it off real one)
>Group throws up projected revenues/costs
>IT'S CLOBBERING TIME
>Get to QnA section
>"...where did these numbers come from? And is this a best case, average case, or worst case scenario?
>Group goes full on "MUH SYNERGY N MURKETURRN"
>topkek

Of course it goes beyond trolling business majors. Try doing a related minor, personally doing general business and stats under mine.

>> No.391952

>>391949
I guess you were that you guy who wasn't invited to parties.

>> No.392274

>>391952
pfft wouldn't count it

>> No.392282

>>387784
If you can cope with math, serious programming (C++ etc.) and finance then you have something going for you. There's a lot of demand for people who also have IT skills nowadays and it'll differentiate you from the morons who just learnt how to price options in college.

>> No.392290

>>391035
Study time series and machine learning if you have time.

Statistical analysis is next to useless for long term investing I think though.

>> No.392357

Hey, what type of jobs could majoring in economics and then minoring/learning chinese on my own get me? I'd also be interested in working for the government.

And how hard is Economics?

>> No.392413

>>392357
Easy really.

>> No.392417

>>392413
Good, I am really interested in Economics, but would Chinese really help at all?

I really wanted to move to China or Taiwan for a while, would I be able to do anything in a foreign place for U.S. government with an Economics degree?

>> No.392423

>>392417
I learnt Japanese on my own and ended up working in Japan after spending some time in grad school here.

>> No.392475

>>392417

Considering everything is nearly made in china. It will help. Network, don't forget that.

>>392423
That is a good example.

>> No.392492

So I got a pretty subpar school and my GPA will be likely from 3.3-3.5 when I graduate. I'm going into my junior year this fall and I've secured a marketing internship this summer for a start-up that's in the middle of being acquired.

It's worth noting that I work 40 hours a week while going to school so that I get to take out minimal loans.

My major right now is Economics. However, I have three options;\

Stay with Economics; will complete in two years or less.

Managerial Economics; Business classes like Accounting and Banking type classes to fill Econ electives. Will take me two more terms to complete

Economics with Computer Science Minor; Will take two more terms to complete

>> No.392493

Just take math and you get 300k starting jobs :)

>> No.392505

>>392423
>learnt

I hope your Japanese is better than your English!

>> No.392507

>>392493
This meme needs to die.

>> No.392512

>>392505
I don't get it.

>> No.392638

>>392492
What do you want to do with your degree?

>> No.392670

The best Wall Street jobs go to Physics/Math/CS majors.

>> No.392680

>>387775
I know a dude whos girlfriend has a Ph.D in Economics, she earns 4 times more as him, but she isnt young, she has over 10+ years of experience working in international companies.

>> No.392684

>>392680
>isn't young
>10 years experience
Which would place her in her 30s. Since when is that not young, except in the minds of 4chan teenagers?

>> No.392706

How hard would it be to go from an engineering major to quant finance?

>> No.392743

>>392706
Not impossible, but pretty hard. The quant market is competitive. You'll be competing against PhD's in math and physics. You need to get some kind of financial credibility first, either a degree or do a whole lot of self-studying.

>> No.392748

>>390954
how did you get the job as a stock broker?
if you don't mind answering, what's your pay like?

>> No.392788

>>392684

It's not young if you yourself are in your earlier 20's. I'm 21, my girlfriend is 27 and works in accounting. She's young.

If I was 25 and my gf is in her 30's she probably isn't young.

Just because this board is filled with an older crowd than most boards does not mean that the connotations that go with old and young in our society suddenly change.


P.S. Accounting/Economics major here (double major) although it's still a business management degree. Like with everything, the best advice is to diversify. Double major or minor with something else. Limiting yourself to just economics will do more harm than good unless you're amazing at it, the more you can do the more people will want to hire you.

>> No.392804

>>392788

This guy here; >>392492

Can you lend me any words of advice? I'm looking at going into some kind of technical sales, market research, or just marketing in general.