do their masters in Economics? I mean is there any scope for it in pakistan or even outside? What kind of jobs do they get? and if you have done your bachelors in E-con can you still go for MBA or not?
Please answer if you have any knowledge regarding my questions.
you can go for an MBA even if you undergrad was philosophy. As far as peope with Econ backgrounds, there are ppl here from LSE who may be able to share their expereinces with you.
I knwo of one gentleman who just finished his PhD in economcs and is working in some research institute. Another person wh did his mastes focusing in economoetric modelling is working for the government in australia in the area of economic policy.
i was unsuccessful at LSE but never mind as i’ll be inahaAllah goin to my 2nd choice, first i wanted to do a degree in international relations but now ive opted for bsc in economics and politics,
dunno abt other places but over here theres great scope for economics, actually they’ve also been importing economists from abroad.
LM: A masters in economics can open a lot of doors. It is all about what you concentrate in. A have a friend that did his M.A. in Eco from U. Chicago and he now works at the federal Reserve in the economic policy development capacity. (A gov't policy wonkish job) I have another friend that has done and PHD in Economics and he is being groomed to be the Chief Economist at an Asset Managemetn firm. This degree can open doors in fund management, securities trading, analyst positions, consultancy, straight I-Banking (particulary M&A, PE work if you focus on price theory etc. ) Good luck to you.
If you have any other question please don't hesitate to ask. I am sure there are enough people here with considerable expereince in this field who can provide you with good insight.
CH
Ahem... the U of C is actually the best place to do Econ, duh...
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Originally posted by Ana: *
Ahem... the U of C is actually the best place to *do Econ, duh...
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I am not sure what you mean. I was giving a tangible example of how one person is using their degree.
actually U of C may or may not be the best place to DO your econ degree depending on what is your area of emphasis and future plans.
For Macroecon it may be top, but not for micro or international.
in overall 2001 rankings UofC was behind MIT, Harvard, Princeton and Stanford.
here is a link
http://www.usnews.com/usnews/edu/grad/rankings/phdhum/phdhumindex.htm
I think the discussion here is not about particular schools but what type of opportunities exist for econ majors. Schools play a part in what opportunities come your way, but then so many other factors do that too.
THANKS YA ALL for the info.......
CH that was some good quality information. Well the reason I asked this because my dad wants me to do my bachelors in E-con and then go for my masters. I took American E-con in HS for 2 years, It was an okay subject for me, like a B student. Don't pple consider it a dry subject? I don't have a problem with doing it but its not like one of the things that really interests me, my dad said it might be good for my in the long run and as you said that it opens doors towards lot of dirrections. So I am just being double minded. So what you guyz say? Is is a good choice? Would I be able to pull it off?
Eocnomics is one thing. Some say that economists are perfect at predicting the past. I tend to agree. It depends on what you want to do. If yuo want to go into banking or consulting than it is good undergrad. Combined with a masters in finance and/or a more focised economic discipline, econometrics or price theory can help you get into the ares that I mentioned above.
econometric modelling. i heard thats the biggie these days
What is that? 
Ecoometric Modeling is essentially quanitfying economic theory using standard algorithms to conduct various analyses.
The important thing to note is that econometrics are very quant heavy. And if you are doing such work, in my assessment might as well work for a hedgefund and make the duckets. Nome Sayn:)
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*Originally posted by Chaltahai: *
Ecoometric Modeling is essentially quanitfying economic theory using standard algorithms to conduct various analyses.
The important thing to note is that econometrics are very quant heavy. And if you are doing such work, in my assessment might as well work for a hedgefund and make the duckets. Nome Sayn:)
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Gosh I feel such a dummy, because I didn't get what you said CH please hindi or plain angrazi........:(
Econometrics and NYA can probably correct me on this, is the conversion of economic postulates, like supply and demand, elasticity, diminishing returns, profit etc into mathematical models so that we can forecast a more accurate picture of whatever we are undertaking.
Since it is very quantitatively driven, people who major in this field are in high demand across the financial services industries like in Risk management and portfolio management. Because they can accurately (subjective) project the values of investmentments based on certain mathematical models that they develop.
This is just one example of how the degree can help.
Frankly LM, I'd say it really doesn't matter at the end of the day what you major in. Just do something that interests you.
Faatma has it right, the biggest factor in choosing any field of study or career is your personal interest in it and aptitude for it.
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*Originally posted by Fraudz: *
Faatma has it right, the biggest factor in choosing any field of study or career is your personal interest in it and aptitude for it.
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Actually it goes beyond that a bit. Your financial aspirations, family realities and market conditions also play a major role in it. You maybe really good at something but if the market doesn't need that skill it might not pay to engage int hat activity if your financial needs reuire a big payoff for the effort expended.
yep i said the biggest factor, not the only factor. but you have summed upo the rest quite nicely.
I know what you guyz are talking about....but as I said earlier it interets me but not that much. Besides I have other preferences just like the ones CH mentioned about what the market wants and so on. I think I wont be that bad at it. It just that I am being double minded about it.