Economics degree- good idea or not?

(17 Posts)
greyvix Sat 22-Sep-12 22:05:24

DS is thinking of economics. He is quite science orientated, doing Maths, Physics and Biology for A2. He thinks that Economics will open career doors. Is this true or not? He also fancies Law, but is undecided. There is no subject he is passionate about; though he is pretty able (hoping for As or A*), he doesn't have a love of learning at the moment. I hope it'll come!

suebfg Sat 22-Sep-12 22:12:09

I'd enquire as to what career doors would be opened which might give a clue as to where he sees himself

HSMM Sat 22-Sep-12 22:13:18

My nephew did economics. He is clever and found it so hard that he took a year out mid course. He has done incredibly well career wise since.

BackforGood Sat 22-Sep-12 22:18:22

My understanding is that, if interested in law as a career, they don't need to have a law degree (I've even read that law isn't particularly seen as a good option).

<Disclaimer - I'm not a lawyer>

Math and or physics are seen as rigorous degrees though - does he not want to follow either of those paths ?

Viperidae Sat 22-Sep-12 22:20:26

DS did economics (he was also quite science orientated at school) and is now on a good grad scheme which will hopefully lead to a well paid job in finance. It is a hard course but can lead to a wide variety of careers besides finance as it is so broad-based.

suebfg Sat 22-Sep-12 22:25:04

BackforGood, I think that applies if you're doing Law 'A' level and wanting to do a Law degree. But if you want to become a lawyer, a law degree is generally the norm (although conversion courses are available).

Itwillendinsmiles Sun 23-Sep-12 07:17:55

I'm doing Economics as a mature student and about to begin my third year.

It still seems to be a respected degree subject and will be an entry into all manner of career choices.

Himalaya Sun 23-Sep-12 07:37:40

Economics is a great degree - good for careers in business, policy making, consulting.

IME it uses the same kind of thinking skills as the physical sciences, but can be more appealing and interesting as a subject and career path than the work of science, because it is "big picture" and linked to human interest questions, where scoence in practice tends to involve a very micro focus on one bit of the puzzle.

Has he read/ studied any economics, or is he just attracted by the career prospects?

MarshaBrady Sun 23-Sep-12 07:43:15

Economics is good. Yes to a good mix of micro, macro, maths and some law. Did it ages ago but my friends and I found it best to stick to the more rigorous subjects within it.

greyvix Sun 23-Sep-12 10:50:17

Thanks for the replies. I will pass on the info, though it is interesting/ worrying that I am doing the research, not him!

Lilymaid Sun 23-Sep-12 14:22:39

DS1 has a BSc and MSc in economics. He has found it very easy to get well paid jobs in business analysis/economics. He's now about to work as a development economist, the other side of the world (and has a guaranteed job offer waiting for him in the UK on his return).

greyvix Sun 23-Sep-12 19:31:18

Good news. Let's hope he gets on a course now. Any views on law, and whether it is comparable in terms of career prospects?

I think Economics is a better degree to do than Law, based on an entirely unscientific think about where my friends who did those subjects have ended up.

The most successful lawyer-friends I have did not do law degrees. One did languages, the other humanities.

BurlingtonBertieFromBow Sun 23-Sep-12 19:34:54

Economics is a very good degree to do for business/finance/civil service/lots of things

If he wants to be a lawyer he can do the Graduate Diploma in Law - I did it. An economics degree will be very attractive to corporate law firms, and if he got a first or a good 2.1 he would probably be able to get one of those to sponsor him. Law firms can be quite picky about universities so I would advise him to try and get into one on this list

It is a bit of a snob thing but people often use 'Russell Group' as a shorthand to mean 'respectable uni'. Not totally essential but it is useful.

happilyconfused Sun 23-Sep-12 20:27:02

The 1994 group are also respectable - Bath, Reading, Royal Holloway, Essex, Sussex, SOAS, Goldsmiths, Surrey, Loughborough etc

greyvix Mon 24-Sep-12 21:18:57

Thanks for all the advice; it has been really helpful.

Bellaciao Wed 26-Sep-12 17:12:46

My son has just started Economics and Management course at uni and did Physics maths and History at A2 (Politics AS)

Yes defo would be better to be Russell or 1994 group. The degrees vary for example Bristol Economics (Uni not UWE) is very mathematical and shares common ground with the finance dept. Some of these unis have their own Business school (building) some call it this but are virtual ie course chosen from a variety of depts.

Personally I think it's a great degree choice but some of the courses may require or prefer a humanities subject too - although I am sure the more mathematical ones don't. Need to look into the subject requirements - I think maybe the only required one is Maths.

Nothing wrong with doing the research for them - I did for all 4 of mine.

There is a bewildering choice available and they won't know anything about the distinction between one of the above unis and all the others. It is not just snob value - the grade requirements are higher so a first at one of the more recent unis is not the same as a first from Russell or 1994. I made sure all mine went to one of these.

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now