Economics or Applied Math major with better job propsects?

In summary, the choice between an applied math and economics major depends on the individual's secondary skills and their willingness to pursue a higher degree. Applied math majors with additional skills such as programming or statistics may have better job prospects compared to economics majors. However, a masters degree is often required for entry level jobs in both fields, with more opportunities for economists in the federal government. Ultimately, a masters degree may be necessary for career advancement in either field.
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annoyinggirl
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I'm debating between applied math and economics major. Which has better job prospects?
 
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Depends. If you're an applied math major with secondary skill such as demonstrated competency in programming, statistics, decision theory, or even economics, then you will probably be more employable than economics. However, if you simply go through a math program take one programming class and that's it, you'll have to do the hard work of selling your worth to someone.

While both degrees tend to require a masters for entry level jobs, you'll find more b.s. jobs for economist, at least in the federal government. However, I think if you plan to stay competitive in your field, eventually you'll need to get a masters to advance to a meaningful position.
 
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FAQ: Economics or Applied Math major with better job propsects?

What is the difference between an Economics and an Applied Math major?

Economics is a social science that studies how individuals, businesses, and governments make decisions about the allocation of resources. Applied Math, on the other hand, focuses on using mathematical principles and techniques to solve real-world problems in fields such as science, engineering, and economics.

Which major has better job prospects?

Both Economics and Applied Math majors have strong job prospects. According to the National Association of Colleges and Employers, Economics majors have an average starting salary of $61,000, while Applied Math majors have an average starting salary of $67,000. However, job opportunities may vary depending on the specific industry and job market.

Can I pursue a career in both Economics and Applied Math with a double major?

Yes, it is possible to pursue a double major in Economics and Applied Math. This can be a valuable combination as it allows you to have a strong understanding of both the economic and mathematical aspects of problem-solving, making you a competitive candidate for jobs in various industries.

What kind of jobs can I get with an Economics or Applied Math major?

With an Economics major, you can pursue careers in areas such as finance, consulting, market research, and government agencies. With an Applied Math major, you can work in fields such as data analysis, actuarial science, and operations research. However, both majors can lead to a wide range of job opportunities in various industries.

Is it necessary to have a graduate degree for a successful career in Economics or Applied Math?

A graduate degree is not necessary for a successful career in Economics or Applied Math. However, having a graduate degree may open up more opportunities for advanced positions and higher salaries. It ultimately depends on your career goals and the specific job market you are interested in.

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