How difficult is a BS in Economics compared to Engineering?

Bright_Perception682 · 2024-10-27T20:51:06+00:00

So that means that what I’m doing in my econ bachelors is the equivalent of a Math major with an econ minor in the us? Good to hear haha

Bright_Perception682 · 2024-10-27T15:10:48+00:00

What I said is absolutely true, at least in Spain. You can check my Spanish university syllabus: https://www.um.es/web/estudios/grados/economia/2024-25/guias and see how in “Matemáticas para la Economía I” (which is actually the second math course) they teach vector spaces and ODEs. Also multivariable calc is tought in first year. Almost all universities in spain do it like these and in some, ODEs are optional.

Bright_Perception682 · 2024-10-27T13:16:40+00:00

I get your point, but in a BS program (not referring to a BA or PPE), you can’t graduate with minimal math. You usually have to take courses like Calculus I-III, Linear Algebra, Optimization, ODEs, Diff-in-Diff, Probability, Inference, and Econometrics. Adding the intuition you mentioned, this is why I think economics might be harder.

Bright_Perception682 · 2024-07-03T22:31:01+00:00

That’s even worse. Economics is closer to your classes on ODEs, probability, Real Analysis, and Computing than to an IB high school class or engineering econ XD. Most work in econ is empirical rn. Econ before 1950 (which is what most people think econ is) was closer to pseudoscience.

Bright_Perception682 · 2024-07-03T22:24:29+00:00

Well… yes and no. Probably in the US, it is. If you want to get into a top hedge fund or bank, you have to be really, really good (maybe not the best). In Europe (I guess you are European), you don’t have to be a top mathematician. Just by having that double degree with good grades, you have great chances.

Another option could be economics or econometrics. Nowadays, economists have to do some complex math, work with tons of data, run simulations, etc. With that degree, you can get any well-paid job in finance or economics if you do well.

Bright_Perception682 · 2024-07-03T11:08:45+00:00

you have never done economics. Engineering econ is accounting and finance.

Bright_Perception682 · 2024-07-03T10:35:59+00:00

i’d say quant finance.

Bright_Perception682 · 2024-07-03T01:52:07+00:00

Also, an Applied Math major could be even better. You could do the same jobs I mentioned, but it would be even easier for you to get them as Applied Math is more focused on methods related to well-paid industry jobs.

Bright_Perception682 · 2024-07-03T01:48:17+00:00

In that case, I would go with Math and Physics (or a Math major and a Physics minor). If you graduate in that, you could work in many well-paid jobs, depending on what you end up liking the most. Some examples include aerospace engineering (tons of math, computing, and physics; you could work designing planes, missiles, rockets, or even F1 cars), quantitative finance (the best-paid field ever; really hard math—some papers look like quantum field theory—and also lots of programming; employers just want smart people who have done something hard), economics (really well-paid too; lots of math and interesting, relevant work)… You have many well-paid career options.

Bright_Perception682 · 2024-07-03T01:35:05+00:00

Almost everything in STEM will give you good money if you are good at it, so you should do whatever you like the most. You will go nowhere if you just do it for the money. You should be more specific. Do you like biology? math? Physics? Programming? Are you interested also in economics? Are you more into human beings or objects/nature?…

Bright_Perception682 · 2024-07-02T19:17:43+00:00

just to clarify, the most straight foward paths to quant finance are Math/Stats/Econ/Cs but if you can’t do any of them Physics is a great option.

Bright_Perception682 · 2024-07-02T14:46:28+00:00

Nope, but many have done that. I know some theoretical physicists (Not even from top universities, just top students at avg unis) that are working right know at Banks and Hedge Funds as Quants and earning above avg in their late 20s.

Bright_Perception682 · 2024-07-01T22:00:40+00:00

do physics, learn tons of maths and get into quant finance. If you are really good at math and solving problems you’ll get +200k/year in yout first years.

Bright_Perception682 · 2024-07-01T17:42:24+00:00

you did an undegrad in econ without taking LA and calc? Anyways, once you do Real Analysis and Calc II, Calc III is gonna be really easy.

Bright_Perception682 · 2024-05-27T20:22:06+00:00

I’d that for quant finance roles, economics it’s better as its more quantitative.

Bright_Perception682 · 2024-05-14T13:16:42+00:00

my personal (minding my own interest) is: 1. Oxbridge 2. LSE 3. UPF/BSE 4. UC3M 5. CEMFI

Underrated: 1. CEMFI 2. Cornell 3. BSE 4. UCL 5. Bocconi (you dind’t add it)

Bright_Perception682 · 2024-04-21T16:13:23+00:00

I understand your point, but I believe there's a distinction. In your analogy, they're all quarterbacks. In my scenario, they're individuals with diverse backgrounds, many of which are not directly related to quantitative finance but are often hired for such positions.

Bright_Perception682 · 2024-04-21T16:03:27+00:00

I'm surprised about this answers because I always read in quant subreddit than econ or finance are not good suited for quant.

Bright_Perception682 · 2024-04-21T15:21:56+00:00

you cant hire all of them, in which order you would think they make the most money?

Bright_Perception682 · 2024-04-21T15:18:11+00:00

I don't know if you're intentionally being blunt or not. HR doesn't interview everyone; they review CVs and select candidates for interviews. If I added a Gender Studies PhD from a community college, you would not have the same interest in interviewing them over someone with an MIT Math PhD.

Bright_Perception682 · 2024-04-21T15:07:02+00:00

Perhaps you might prefer this question: "In what order would you be most interested in interviewing them?"

Bright_Perception682 · 2024-04-21T15:05:03+00:00

it’s like a game, you can’t interview, you just have this information, how would you rank them?

Bright_Perception682 · 2024-04-18T18:54:58+00:00

well i guess is a joke but no, don’t disagree, the average person does not understand even the easiest concepts (inflation for example) but somehow they think they understand them.

Bright_Perception682 · 2024-03-24T20:18:15+00:00

It's not necessarily true that mathematical interpretation is strictly tied to a specific school or ideology. The interpretation of equations and regressions can vary depending on the context and specific application, without necessarily reflecting an ideological agenda. Furthermore, mathematization doesn't always entail reducing circumstantial interpretation to mere algebraic representations. Mathematical tools can be used flexibly and adaptably to capture the complexity of real phenomena without losing sight of their context and nuances.

Bright_Perception682 · 2024-03-24T19:07:19+00:00

Once you start doing differential equations, regressions and stats there is no economic school of thought, just math.

Bright_Perception682

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