Is An Economics Degree Worth It? financial economics

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Today’s video is going to be about economics degrees and whether it’s worth it or not

This is technically not a business degree but graduates may end up competing for the same job, so I sort of group them together

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There are a lot of college degrees out there and economics is one of those degrees where it’s not 100% obvious that it’s a good one

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So we will go over some of the careers that you can get, the salary, the job satisfaction, the job outlook, and also the x factors that go into choosing these types of jobs

These videos are for educational and entertainment purposes only. I am not an attorney, CPA, insurance, or financial advisor and the information presented shall not be construed as tax, legal, insurance, safety or financial advice. If stocks or companies are mentioned, Shane might have an ownership interest in them. Please don’t make buying or selling decisions based on Shane’s videos. If you need such advice, please contact the qualified legal or financial professionals, not the opinion of a stranger on the internet.

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Sources and further readings:
bls.gov(bureau of labor statistics)
nces.ed.gov(national center for educational statistics)
payscale(provides information on jobs and degrees) .

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Is An Economics Degree Worth It?

Is An Economics Degree Worth It?

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Is An Economics Degree Worth It?
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36 comments

Unaiza Tanveer 27/09/2021 - 6:56 PM

is it a good idea if I major in business and do a minor in economics?

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sergio. comic 27/09/2021 - 6:56 PM

2:01 so close…

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L. B.-L. 27/09/2021 - 6:56 PM

I saw that a lot of busines universities give applied economics programs. It seems to be a bit uncommon since it's not the typical "social science" economics degree, but it looks more adapted for a non academic career.

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Brayden Walsh-Howerton 27/09/2021 - 6:56 PM

Hey, Shane! We talk about unemployment, but what about underemployment?

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Jim G 27/09/2021 - 6:56 PM

The following video adds other ideas for this topic.
15 Jobs You Can Get With An ECONOMICS MAJOR
https://youtu.be/lIk8q6-LNRU

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pipedownandeatyourpudding 27/09/2021 - 6:56 PM

How is that biology majors have a higher employment rate than economics ??

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SBomb Fitness 27/09/2021 - 6:56 PM

I've been majoring in economics for 2 years now, and am going to minor in accounting.

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Gray Scarab 27/09/2021 - 6:56 PM

One thing that is neglected in these videos when talking about what jobs you can get is experience needed.

The management analyst and financial manager jobs require 5 years of experience so those jobs are not available for a graduate.

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Econ Expo 27/09/2021 - 6:56 PM

Getting my degree in December! So far I’ve been volunteering at nonprofits for experience because I couldn’t find the type of internship I want in my area. But now I’m planning on teaching English abroad for a year or two to travel a bit before committing to a company

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Rex Racer 27/09/2021 - 6:56 PM

If I could go back in time I would tell my younger self, don’t major in economics. Go to different school and major in business and accounting. Minor in Econ if you have to scratch that theoretical itch. Unless you are a math/Econ major, you will have trouble finding a job.

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Anxious Procrastinator - Analysis Channel 27/09/2021 - 6:56 PM

The university I applied in for CS didn't give me a choice and put me in Economics & Math 🙂

Does anyone have any tips? I've decided to take the admission since there is a chance I'll be able to shift into cs once the session starts since some cs students leave this uni for another one. And this is the best business and cs uni the city I live in (and this city practically runs the entire country), so the networking aspect of it is pretty solid (all the alumni I've talk to have agreed with this statement).

I'd be grateful if someone shares their thoughts and perhaps gives some advice. Thanks in advance!

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Jesus Christ 27/09/2021 - 6:56 PM

Does finance and economics have the same job market? Meaning a job’s requirements for a degree would require either or?

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Stuart Townley 27/09/2021 - 6:56 PM

There's a saying in every Economics department in the world. And that is that "business majors are too stupid for economics". Though, business majors are more likely to be employed right after grad so pick your poison.

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Zeilaza Oga 27/09/2021 - 6:56 PM

hey, Shane. Do you think economics will be an ok degree for an introvert.

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Payden Brunton 27/09/2021 - 6:56 PM

Which is better Econ or CS?

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Lalit Thapa 27/09/2021 - 6:56 PM

Really interested in economics even though I'll not take it as a major cause my passion lies else where but a really interesting field.

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robert george owen willaim pattinson 27/09/2021 - 6:56 PM

I think i failed my microecon exam yesterday, what if i fail the class. Shit.

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MikeMcD 27/09/2021 - 6:56 PM

56K a year starting out & after 10 years 107k.. I live in Brooklyn NYC.. I made 120k last year, my gf made 65k .. 185k combined.. still living pay check to pay check LOL 56k a year sounds like a job requiring food stamps to me =(

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Bernabe Torres 27/09/2021 - 6:56 PM

Basically…. Don't go for the Bachelor's of arts in Economics programs at your school instead opt for the business administration degree as it brings less theoretical application and requires real world calculations and covers economic trends at a less broad level and more towards financial institutions and businesses in relation to the U.S economy, allowing you to actually apply the math you will be learning from business calc and accounting. Yes, some BA programs require extra math course but that's just because you need the credit hours to even out with the degree requirements and you won't actually use it in that case. A B.S in Economics does differ from a bachelors of business administration, but is still very similar to a BA as there are only changes in math courses needed but it is pretty much all theoretical.

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Faisal Salley 27/09/2021 - 6:56 PM

Watch faisals ed

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Brandon Leone 27/09/2021 - 6:56 PM

Would you recommend getting a B.A. Economics degree, or a B.S. Applied Economics degree? I am planning on probably going into a financial analyst role when I graduate. Would a minor in finance be good for that as well, or should I minor in mathematics or computer science?

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Sean Havlik 27/09/2021 - 6:56 PM

Quantitative Economics is a STEM degree—it’s basically a math degree. I don’t see much value in getting any other type of Econ degree, if you want to apply your degree to the professional world. If this is the path you are heading down, you should just get an MS. If you want to lead research or be taken seriously, you better get a PhD. I have an MS in Econ, and I would not recommend it for most people. If I could go back, I might encourage myself to pursue a more practical discipline. If you are honestly interested in economics, you can get a better education by hitting the library in your free time and thinking about it for yourself, while pursuing an engineering degree.

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Himanshu Sharma 27/09/2021 - 6:56 PM

Would've spent so much on counselors if Shane wasn't there for the save. Thank you so much.

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Bryan Bonilla 27/09/2021 - 6:56 PM

I going to UCI as an undergraduate. I chose Economics as my major. Should I go for that college or go to CC (community college) and then transfer to UC Berkeley that has a great Economics’ program. What you recommend?

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Catherine Maschio 27/09/2021 - 6:56 PM

As an Econ major, my best advice is to supplement your econ degree with a double major or minor in something like math, computer science or accounting. Very few econ classes actually teach you actual skills that employers find valuable.

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CG 27/09/2021 - 6:56 PM

Is it better to major in Econ BA or BS?

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Susana Praça 27/09/2021 - 6:56 PM

Great vid! I agree with everything you said except for the meaning part. I believe meaning is very personal and can be looked after in every degree, depending on your own "demands". The relative broadness of an economics degree, that gives you quantitive and qualitive skills, can and will give you the tools to adjust and look for the job that fulfills you the most. For instance, if you really care about the environment you can definitely focus on your quantitive skills and work for or create a green only hedge fund.

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Zannatul Habiba 27/09/2021 - 6:56 PM

Is Economics degree is better than International Economics degree?

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Techion 27/09/2021 - 6:56 PM

i like the tiny economics references you made at the beginning, subbed lol

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arbab ali 27/09/2021 - 6:56 PM

sir

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arbab ali 27/09/2021 - 6:56 PM

ok

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Jianghao YouTube 27/09/2021 - 6:56 PM

Anybody studied 4 years of economics in high school (IGCSE and A level) and then did bachelor in university in economics? I'm wondering if I'd have easier time in uni since I already did 4 years in highschool.

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Victoria Brimm 27/09/2021 - 6:56 PM

Do Economics and IR pls

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Adrian Alonso 27/09/2021 - 6:56 PM

I have a BS in Economics, one of my friends has an MA in economics. Where both unemployed bc of covid. Any tips on where too apply in the next few months? Where both from the Bay Area if that helps.

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Shaw Chris 27/09/2021 - 6:56 PM

Investing in Bitcoin and crypto currency is the investment anyone can do this season because it has made a lot of people billionaires today

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Star Destroyer55 27/09/2021 - 6:56 PM

689 comments I know what I have to do

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