Economics/Econometrics/Financial Economics (1 Viewer)

[flashyGoldFish]

What are the main differences between these three? And how do job prospects in these compare?

 

[wrong_turn]

What are the main differences between these three? And how do job prospects in these compare?

if you do shit, you are going to have a bad time applying and receiving an job offers.

And define job prospects? What are you looking to do?

Most of the time there is no set match between uni degree and job offer after uni unless there is a specific skillset they are after e.g. law degree - law graduate opportunity.

 

[flashyGoldFish]

Just want to know the types of jobs you can expect to get from these and how well the pay

 

[OzKo]

With Economics, you can go pretty much anywhere. Starting off, you should be qualified for positions as an analyst with a large range of industries. If you do Honours, you have the chance to specialise and do a study on a particular industry if it's one that you're particular interested in.

Econometrics complements this as much of the mathematical work done by economists uses econometrics to model the phenomena you are studying. I personally think that econometrics is probably the best major to complement economics (if you don't have any other interests) on the basis that economic modelling seems to be taught poorly or isn't given as much attention as it should have.

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[flashyGoldFish]

Ah cool. And financial economics?

 

[OzKo]

Ah cool. And financial economics?

Not really familiar with financial economics but I assume that it's simply the economics of financial markets and instruments so majoring in that area would probably give you a slight advantage over economics students when applying for positions in conventional financial institutions and firms which use instruments with dynamics similar to your standard run-of-the-mill instruments (e.g. firms in carbon markets).

 

[wrong_turn]

realistically speaking, graduates either end up
- taking a graduate position leading to an analyst role upon finishing or Business Analyst role
- government
- small time gig with a unknown small company
- client services - because you could not find a graduate role. And realistically speaking this is where most will end up
- few lucky graduates who land a role straight away due to connections or actual work experience (lets be honest, don't be too hopeful you are one of these people)
- something completely unrelated to financial services

 

[TheGreatest99.95]

Im guessing this is at usyd?

Im currently enrolled in a bachelor of economics. Look at the handbook and see the core units and units you get to do. For example, Financial eocnomics units can be done in a economics major. However, to be honest if I were you I'd pick a different major from economics. Its more of a complimentary major, for example, economics and finance major will set you up good for a job in IB etc IMO.

 

[NizDiz]

Jobs within Econometrics major

Hi guys, just wondering what sort of jobs u can do with an Econometrics major? Thanks

 

[seremify007]

Don't forget to look broader than pure economics such as as risk management or capital management in financial institutions.