Economics degree is it worth it? (1 Viewer)
- Thread starter greysheep
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You could use ur eco degree to pursue a career in the finance industry! I'm currently pursuing eco and know a few who are aiming for an analyst role at UBS or one of the Big 4 accounting firms or banks. The degree could also land you an IB role, but at the same time, u'll be competing against people w a finance degree or even a postgrad eco degree for such roles.
Honestly I believe the job market atm will be foreseeably grim but that lowk applies to most jobs requiring a degree lol. Pursue eco if ur passionate!
Honestly I believe the job market atm will be foreseeably grim but that lowk applies to most jobs requiring a degree lol. Pursue eco if ur passionate!
It depends really. Like, if you do an economics degree and build your resume during uni it can open doors for roles in finance (i.e. Big 4 etc). That said, in this day and age I would avoid university unless you are doing a degree which is needed for a profession (i.e. Medicine, Engineering, Nursing, Teaching, Accounting etc). Doing a general degree like business, economics etc can be a real waste of money. In a lot of cases, you would be better off trying to get an admin role or something in corporate at a low level, climbing the ranks and then pursing education later if needed.
I did a Business Degree majoring in HR and it was the worst investment I have ever made. Although I work in the profession, a degree is not needed (a $6k TAFE Diploma gets you qualified and Id argue the Diploma is more useful then the degree). All up, in uni fees and lost earnings (from delayed entry to the workforce and lost investment opportunities), I reckon my degree caused around $250,000 in financial losses.
Most people wont listen to my advice, but having done recruitment for quite a number of years, degrees are far more meaningless than people realise. Honestly, it only gets checked if it is an essential qualification (i.e. if Im hiring a lawyer, they need a law degree). If Im hiring a procurement manager, Im checking experience only.
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jane1820
#1 Chase Atlantic Lover
guys whats big 4?
pwc, deloitte, kpmg, ey
never heard of ey but i looked it up
they're the four largest ones worldwide
https://en.wikipedia.org/wiki/Big_Four_accounting_firms
peterrabbit
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Thanks for the info, from someone in the know.
My question is. though is a degree Necessary but not sufficient, eg, if you dont have one, say an economics/Fin/Business from say USYD, MQ. UNSW etc, vs Some that went to Tafe, do you just get auto culled?
Also how do you get XP during tafe or Degree in Fin?
Thanks
It depends what you want to do after uni. If you're goal is big 4/big finance type competitive job, I would probably do Accounting combined with Economics (that way you have a hard qualification). If you just want a corporate job, enroll in a TAFE course, find an admin type job (even if its a call centre) and go back to uni later once you've settled on something you like (if necessary). Id just be very intentional about investing 3 years and $50k on a degree. This isnt the 1980s where a any degree is pretty much a guaranteed pathway to a better career. Generalist degrees dont have the weight they used to for entry into better paying jobs.
Neogotmyback
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Keep in mind that HSC economics is very different from university level courses. If you are considering a bachelor of economics mainly because you enjoyed it in the prelim/hsc course, I would do more research.
If you are interested in the economics field professionally, it can be worth it. However, doing a double degree with law or computer science can increase your skills and possibly post grad opportunities.
Additionally, if you're interested in working for places like the RBA you do not necessarily need a degree in economics. A degree in accounting will suffice and is generally pretty versatile if you become a chartered accountant.
If you are interested in the economics field professionally, it can be worth it. However, doing a double degree with law or computer science can increase your skills and possibly post grad opportunities.
Additionally, if you're interested in working for places like the RBA you do not necessarily need a degree in economics. A degree in accounting will suffice and is generally pretty versatile if you become a chartered accountant.