An Economics Degree Is Worth The Money... (Complete Economics Degree Review)
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- เผยแพร่เมื่อ 4 ต.ค. 2024
- I studied Economics for 3 years. It has changed my life (I'm not lying...). Today I review my experience studying for an economics major, economic degree and let you know what surprised me about my studies. This video should help you decide if doing an economics degree is a good choice for you.
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Economics is a very popular major and degree. Some people get stuck between choosing a business, finance, accounting or economics degree and this video should help you choose. Economics degree in UK. Economics Degree in the US. Economics degree in Australia. With Alevel results day around the corner, this is the perfect time to bring out a full review of my Bsc economics and finance degree. It's a high paying degree meaning if you study for an economics degree or an economics major you should have a good salary and make good money and it shouldn't be too hard either ;). Is economics a good degree? Is economics a good major?
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I'm Dylan and I'm 21. I've just finished my BSc Economics and Finance degree at The University of York and during my second year, I studied abroad at the University of Sydney in Australia. Now I'm going to drama school in London to do a Masters in Acting at ALRA. My life is honestly a bit crazy... Day in the life of a economics student at harvard university coming soon.
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Could you make a vid on the job prospects of an economics degree, and also talk about the difficulty of getting a job with good salary and an average working time. Or could you do a vid talking about how Economics differs from a business or finance degree in terms of prospects as it seems harder but seems to have similar destinations. Good vid btw
great idea!!
Working time is bad for first 5 years as invest.ent banker then it gets better u could go into private equity or a hedge fund, not sure about other careers btw pay is great meaning early retirement
Same request 😉
Student Vlogs - Dylan please
Economics degrees are very valuable in employment market, Really good subject to study provided you do well
I am a third year economics student from Mexico, I would completely agree with everything you mentioned. It has been a love hate relationship, but in the end, I have no regrets from choosing to study this degree. Love your videos! So relatable :)
Ayyy thank you!!!! And exactly! I’m glad you enjoyed
your videos have completely changed my viewpoint regarding university. I have been so close to dropping out numerous times but i am happy to say i'll be in my third year of uni in two months :) i'm so glad you were in my recommended. Keep up with the awesome work Dylan!
Im glad they have helped!! Thank you very much for tuning in and watching!!
You got this !!!
Currently going into a Masters in econ. Honestly it's hard, never thought i could survive the maths in undergrad but excited to start my masters.
good luck!!
What is your syllabus?
i am definitely scared of the math aspect of it (trying to get a b.s. in economics so I can transfer for my masters) as I am not a math person, but I just know I am passionate to learn and so this comment really helped me :)!
@@karinarinarina i am scared of the math as well but I just love the reason why prices affect us, why markets rise and fall, how certain variables can change things. I am not bad at math but I’m just scared yk
Masters yet?
being a university student your videos give me so much motivation, i even watch the videos that i don't need like this video, i just enjoy everything you post
Thank you so much bro!
@@lifewithdylan im a girl, no problem! :)))
I was just so burnt out from finishing my degree this year so basically all the content has left my brain and floated off somewhere
I'm a 3rd year economics student doing both business and economics, I'm taking intermediate economics right now and the math is definitely a grind. I'm a little older so some of the calculus has been daunting, but it is not insurmountable! The concepts are very interesting and have definitely expanded my perception of things, and my gf who is doing her masters in ecological biology is always interested in my studies because so many of the concepts can be applied in ecology. While it's hard, I"m definitely loving my program and have no regrets, its a massive messy complicated subject but has so many different facets and domains within it. There's no nice secure set career path for a B. Econ because there are many to choose from, and the understanding you gain seems to permeate into your entire perspective of the world.
I'd love to see a third year review, to see how exactly covid and all the changes impacted your experiences
You pretty much inspired me to study Economics. I'm starting an Industrial Economics degree at Uo Nottingham in September 😊
@Will Bew Got evicted so now I live in a four star hotel, so pretty good thanks 😂
Dude give me your insta! I wanna do the same course from probably the same uni in Sept, 2021
@@Economically. chillaka_boo. Just added u
love economics. but up the trent. sorry had to
It was a prank bro economics sucks
Watching these videos are super relaxing and I enjoy Dylans vibe! I feel so much more intellectual watching these videos and I don't even know what economics is haha... Dylan seems like a super cool person to be around and he's definitely one to watch for the future! Big things coming - I can see it already!
Hey man!! thats very kind of you to say! i think we would definitely vibe together in real life!
Economics is great to apply to stuff to the real world, great video man, really interesting perspective on economics 👍
My g thank you
Wow so u not gonna explain why the fast food places are placed together🤣
It's so that no particular store has the locational advantage. Imagine icecream vendors, ones on the left of the beach and the other's in the middle of the beach, the one on the left has 25% of the beach closest to him while the one in the middle has 75% of the beach closest to him. By moving closer together both get 50% share of the area. Obviously preferences will decide who goes where but it helps having the greater share
Because every seller wants the largest share of buyers, and going away from the cluster is risky, so most competing sellers are located closer together
No no, other replies are all wrong, The most basic explanation comes down to both economics and psycology. If there's a coke vending machine your brain starts to analyse that do you want a coke or not. If there's a pepsi and coke vending machine next to each other you take the factor of not taking anything out of the picture and start deciding if you want the pepsi or the coke, Thus increasing the sale of both vending machines
all these replies are so smart
@@anonxmous3258 I believe this one because car dealerships all cluster together too. And I don't think location matters as much as it does when you want a quick bite.
Loved the review! I had taken Economics in middle school( as an optional subject) and I liked it so much. Planning to major in it. Someone told me there's so much maths in it, only take it if you like mathematics. My whole plan was ruined, until I watched this video:)
Best of luck!
From what I heard if you wanna get a better job in it you will have to be descent in math.
I just graduated from economics this year and it has been the best thing that happened to me in a long time. It was easy for me to learn data analysis and data science with the knowledge I got from economics.
Didnt you have to learn computer staff..I took economics as my major...bt people are saying that it is a bad choice..are there many jobs for economics students in abroad? Or should I chng my major to CS
@@rokeyaparveen3006
I had to learn programming and some concepts on my own but it was easier for me. I didn't have to learn advanced statistics and mathematics from scratch. I only had to add some new concepts to what I already know.
And an econ degree gave me a different perspective from a normal data analyst/scientist on dealing with data
can you get into data science with an economics' degree?
im actually really confused if i should go for a finance or an economics' degree but data science really interests me and i know python (beginning to learn r programming too)
@@rokeyaparveen3006 this is not decision another person should make for you. Research and check what best aligns with your interest
What I wanted from Economics was both to understand the world and earn money. As dad pointed out, he was spending a lot of money and I worked to earn money for College. The high incomes and all are a huge draw as well as being able to learn about the world. I've spent most of my childhood working for my parents to make them happy and all... and they do brag about me. I hope it is everything I've been promised.
Im studying economics in berlin and its exactly what you re describing
how is the job prospects for economics graduates in Germany?
@@rupaljain6824 i have no clue lmao
When you said you'd rather hire someone with a dual degree, I went like, hey, I'm going for a Poli Sci and Econ degree next semester! Whatcha think about that combination? More or less appealing than a Econ and finance/other business degree? Also, your vids feel so enjoyable to watch as I feel like there's someone I can look at that went through the things I'm gonna go through. It's very comforting in times like these. I'm truly glad I found your channel.
sounds very good to me!! and ayy thank you!!
Amazing.. I'm doing Banking and Finance.
@@joshualaniba5415 It's going great except it's so damn hard lol btwn I know this already since start that finance or economics related degrees are not easy to survive.
@@joshualaniba5415 Ohh I have done Econ at college/highschool. It's hard but interesting at the same time.
I was planning to study Economics this September but recently changed to Maths with economics due to similar reasons to what u said about having something that stands out from the many Economic graduates as well as opening up different career paths, cheers for the great content as always.
Yeh good idea! And Ayy thank you!!
Just finished my economics degree was well worth 4 years of my life 🙌🏾
ayyy my g!
Please can I have all the courses you choose related to economics major because I'm Africa I opt to do 2year in Africa and finish in America
Did u get a job?
@@wayln2591 No, he's homeless
@@doctorscalling9479 I also studied economics for 4 years. I did have two jobs (Unrelated to my major since I couldn't find a job related to it) and till this day I barley understand a shit about my major and can't find a job using my degree. I live in a third world country though, so the education system here is garbage and studying in college is basically useless, you just do it to have a degree and that's it, but you won't understand anything about what you studied.
Cool video Dylan, it's great how you look at everyday items and break down the cost per use, i do a lot of that, helps save money.
The maths side of things certainly varies. At my uni BSc economics requires A level maths which is always a good indication of how quantitative it's going to get. No BA option. The 1st term of my 1st year we were thrown straight in with multivariate calculus, linear algebra, and statistics, econometrics followed in the second term. And yes the history module is a beautiful thing. :)
yeh exactly exactly!
what uni did you go to?
really love your contents bro. currently waiting for the result of the university admission's test. really hyped to enter the econs degree after watching your vids. keep it up 🙌🏼
Good luck bro🙏🙏
Hey man did you make it?
@@zainali8979 i do
very interesting i study finance and my brain works same as you in my everyday life
Thanks for tuning in everyone! I actually really appreciate it 👑! EDIT: 🧠 Checkout my Skillshare classes !!
what specific parts of math do i need to study prir to starting a bachelor's degree?:
I do Econ at a non-russell Uni and there's people here with A*AAB at level all the way to CCC. That's crazy innit lad
Brother that is actually abit crazy
It's Bath isn't it
Same with my engineering college ,there were people with 80% and people with 50%
microeconomics is damn hard, all about calculus
3:25 you blew my mind with this example LMFAOO.
Great vid. Going into my final year of undergrad econ in September 👌🏽
Good luck my bro
Everytime I have to read stuff for micro or macro I‘m like „I‘m so glad I get to do this as a student“
Your intros are top tier
Studying econ in Japan and I agree with all your points! Scary how we're all living the same life
Haha I love it when you try and speak like a real economist
im definitely gonna go for economics or something with econ in it, im thinking PPE or economics & politics
I just graduated with a Bsc International Economics and Trade degree at the University of Nottingham China campus. I'm Indonesian.To be frank, if I could turn back time I would have gone for International Business Management or Finance and Accounting, here's why. Yes, an economics degree does have loads of good value like the analytical skills, understanding the economy, etc. However I feel like if you're not going to do any economics work or be an economist it's lacking lots of stuff. Let's start with say, if you want to go into anything business related like Marketing, Management consulting, etc. It's lacking in a lot of stuff related to the field. Of course you can always learn it outside your degree, but from my experience why would you want to spend money learning stuff that's not relevant for you, when you could have made use of the time on more productive modules? What about the finance field? You can go there with an econs degree. But from my experience I feel like people with an accounting or finance background would be much more competitive. They simply learn and know more stuff than us economics students. I'm not sure about econs and finance, but I did take Financial economics, monetary economics and the finance stuff was very..... limited I had to learn much much (and much) more from certificates and google. Lastly, even the econs modules, are too mathematical, which I believe makes things a lot more complicated than necessary and actually gives way less intuitive insight than if the theories were written in simple words and graphs (This was my biggest complain. Aside from Behavioural Econs which gives more economic insights in my opinion than the rest). The econometrics side.... decent. It's good. I used STATA and MATLAB. Nobody in the private sector nobody uses these other than economists and academics. They use Excel, Python, SQL. Does Economics teach these? No. Even if you want to go to highly analytical jobs, these jobs would prefer computer scientists over us. Not saying economics is a bad degree, but from personal experience I feel that it's lacking lots of stuff, unless you want to be an economist. Personal thought. Complete honesty here.
Yeh mate very nice overview! The only thing I would say in defence of economics is that getting such a degree acts more of a signal of my abilities but you speak the truth
This
Watching a Student Vlogs video just because I'm waiting for the sidemen upload.
I'M JOKING BTW lol
hahahah got to love the sidemen
Dylan I just wanted to thank you for your videos. I am an economics student from Germany (finishing my first year in a few days) and I have watched your videos since the day I started. It´s always been a huge motivation booster for me and I hope to continue watching your journey!
Thank you very much for tuning in! I hope economics is great in germany
@NosZogger have you completed your degree now ?
@@seventeen17-.- haha! yes i did. I have almost finished my masters degree by now :D
@@NosZogger can you please share your experience and insights as a student studying economics and what are its pros and cons?
Economics major with a minor in Finance here :)
"My supervisor, grr" lmao
I changed my major from Political Science to Economics after taking 1 Econ course: microeconomics. When I told the professor of my micro course my decision to change majors he responded by telling me that most students choose to switch out of Econ and not in. I did it anyway and it was a Great decision💯
Oooo ayy what are you doing now?
@@hotdogjohnson This summer I’m interning with Blue Cross Blue Shield’s IT department and I’m doing a consultancy program with IBM. This fall I’ll be a senior so I’m excited to see what’s next!
Hi, I’m a Pol sci major and I’m taking microeconomics this term, so far I really like it because I get to work out numbers and apply it to human behavior but I wouldn’t say it comes easily to me
Would you say you are happy with your decision of switching majors?
Currently in my undergrad doing a major in Econ and I couldn't be more depress rn..
Welp
because you messed up by majoring in econ or because it's hard?
I would really like to see a review of notion and how you used it as a student!
Alright sure!
OMG I'm majoring in computer science now I'm transferring to economics because u really talked about the strugle, it's unbearable in computer science unless that's 100% what you want to do.
Economics is thousand times better than computer science. There's many options in economics than comp sci, comp sci degree is usually useless because there's no degree requirement you can do comp sci work without degree but Econ degree is totally worth it you can't do econ work without degree. Economics has such highest paying careers like investment banking, private equity etc.
@@nycto16 cope
@@rank1macro683 ?
@@nycto16 many high paying jobs like quant analyst require comp sci degree where the pay will be higher than an econ graduate will earn in their lifetime. An economic degree is quite mediocre unless you attend a top business school and network well
@@rank1macro683 comp sci is totally useless degree since anyone can learn stuff on their own and quant analysts jobs require economics/finance degrees. No one can beat economics in terms of pay comp sci jobs are so low paying compared to econ. A CS grad can't earn in their lifetime which an Econ grad earns a month.
Also you should do economics rules for adult life. Instead of v logs, but basic rules that can help your life. As a young business owner this would be helpful
good idea!!
After basic micro and macro, do things start to get more “interesting”?
yeh!
I’m doing micro right now! Macro next term
Pretty much according to what I've read from Econ students.
Degree is not but knowledge yes. Long story short you will need it anyway :-)
I’m a nutrition student and I took microeconomic class and I’m addicted. I think I’m switching majors.
How's it going right now?
thinking of starting a masters in economics and finance in september, as an undergrad I did int. relations and politics, any advice as to why I should/shouldn't do finance & economics?
I did A+F. Would definitely have done Economics if I had an aptitude for it. My maths is weak
Economics my first and best choice! I love Economics, for me isn't hard.
Now I'm studying Ma Economics in Kerala University 😊 India 🇮🇳
Hey, I need a little advice here. Is economics degree in demand in India ? I mean in terms of Jobs and salaries. Or moving to abroad would be better ? Are there jobs after Econ degree ( In India ) ?
@@vaibhavgore165 not that much demand .masters degree that's it u can work revenue dept or bank sector etc also try psc,ssc,upsc exams
@@2002dreamee ok. Thanks for reply 👍
@@vaibhavgore165 😊 what are u doing
@@2002dreamee well, just finished Bsc.ABM ( agri business management) degree last month. For now little bit confused about further studies, whether to pursue Msc Economics in India or in Europe ( mostly Germany, becoz they have most affordable study plans )... That's why asked you if there is demand or jobs available in India.. I mean is it even worth it to do economics in our country ? 😅
Thanks for this video!
I'm only here to see what Elon Musk studied while @Uni.
I'm double majoring in Banking and Finance within Business Administration degree. It's so hard but interesting at the same time. We have many economics related courses and I love them!
my top two degree choice were econ & compsci too! i think i’m gonna stick with econ!
yes because econ is worth doing! compsci is oversaturated and also you can do compsci stuff without degree but you can't do econ stuff without getting degree.
u helped me so much thx really
I'm studying economics in September so excited 😆
Good luck!!
I’m starting my MiS in November, and it will be an Italian/German double degree in International Economics and Data Analysis 💥 hopefully I’ll also apply for Worlwide Study and do some months into LSE in London, or for Erasmus to get into Sorbonne in Paris!! Pray for me guys I’m not that good at math lmao
Haha I’m not that good at math either and I want to become a PhD economist. So I’m in a similar boat lol 😂
@@jlhistory Hahahah same!!! I'm currently doing Banking and Finance undergrad, I want to do MS in Economics after this. Also have planning to go in law school after MS Econ.
Do you think a Bachelor of Arts Degree in Econs can be used the same way as a B.Sc in Econs? Cause in Canadian universities, they mainly offer BAs. Love your vid,btw👏🏾👏🏾👏🏾
i think so! and tank you!!
UOFT has bsc in economics
Can you do a video on general financial things we should all know: such as bitcoin, paper currency, issues with COVID and the economy....what’s the best way to get into a high paying career during times of economic uncertainty?
great vid I'm going to study Economics
Hi Dylan, thanks for this video. Do you think I'd be at a disadvantage, having not studied A Level Econ, both in terms of getting an offer and whether I'd be able to cope with the degree?
Not at all, literally no university requires you to study Economics as an A level when applying. When it comes to getting an offer once again they do not care if you studied it, it comes down to your personal statement mostly and how likely you are to achieve the grades to meet the entry requirements. So make sure your personal statement really portrays how much you’re passionate about studying Economics and that you work hard to have good predicted grades. Best of luck :)
@@cherif9155 hi there , I'm.in y11 and I need on what subjects to pick for a levels.just received my mock grades and got 9 in maths and 9 in chem so they are a must I want to do ecenomics in university and need 2 other subjects to pick I'm uncertain on what to pick?
@@Xarishher Hi bro, firstly congratulations for getting a 9 in both Maths and Chemistry that’s quite impressive so make sure you reward yourself for that, keep up the good work :) . I agree with you on Maths as you’ll definitely need it if you want to do straight Economics, and I found Maths A level very interesting, however for Chemistry although you did get a 9 I say look at what’s gonna be taught at A level first, watch videos etc bc for me I got a 8 and 7 in Combined Science, Chemistry was my favourite one, tried it at A level and dropped it after a week because I just didn’t enjoy anymore and felt that if I carried on with it I just wouldn’t be happy in general. So I say do your research for Chemistry check what exam board your potential colleges/sixth forms will be using and look at the past papers etc and see if you still want to do it (don’t just choose a subject bc you did well in it at gcse make sure it interests you) you will be surprised at how different subjects will be from gcse and a level
@@Xarishher Concerning your 3rd and 4th choice I found that I had no free time doing 4 A levels (which was another reason why I dropped chemistry) and doing 4 A levels doesn’t put you at an advantage when it comes to applying to unis they would rather have you doing 3 A levels and getting A*AA than doing 4 and getting something like AABB so keep that in mind. I’d say base your options on what really interests you for me I also liked languages and really enjoyed business and as my sixth form wouldn’t allow me to do Business and Economics I did Maths Business and French I really enjoyed each subject and I am still reusing some of my A level notes here which really saves me time as I don’t have to go through all the lectures etc. My key point is that make sure you choose subjects that spark your interest and that you know you’d do well in. You’ll also have to talk about them in your personal statement and talking about something you like is much easier. InshAllah I’m wishing you the best in your exam and drop me an email when it’s time to write your personal statement I’ll be more than happy to send mine and help.
ahmad0512@outlook.com
Hope that helped 👍🏾
Hey I’m from Canada and planning on moving to the UK after I complete my economics and statistics degree. How hard would it be to get an entry level job in the Uk (I attended a 10 ten university in Canada)(#8)?
Hi man how are you I love your videos keep on the amazing work man
Thank you very much
This guys got a fallout prop in the back. I’m watching the whole tbibt
Am I the only one here double majoring in a natural science major and Econ major? Lmao.
Good video dude
My broooo
So basically you dont really know if the economics degree was worth it b/c you never worked in economics at all. You dont know if the payoff was worth it.
Can you talk about eco jobs and salaries?
yeh!
Would you recommend doing The Economics of Financial Markets? I study at USYD and I'm not sure whether to take the subject or not. Picking my third year economics subjects this week and would love some advice!
It was great! But v hard
Everything I learned in my economics degree I could have learned merely by just purchasing books on Amazon.
What they don't say is that you need at least a Master degree in Economics for it to pay off. So you need to study for at least 6 years minimum and even get to PhD so 6-11 years.
Otherwise you end up in fields like finance or related with just a bachelor.
Mathematics and computer science is on the list of one of the highest unemployment rates? That's some bs
I thought that tbh
What jobs can you get directly with maths bsc???
@@hipsterbelt4292 there's plenty. You can go into banking/finance, accounting, IT, teaching, research etc. You can work in any industry that requires high quantitative skills
Hi, I'm going into university this September, but I'm torn between 2 courses of economics and finance, accounting and finance, what are differences between these courses?
The one with accounting will be very technical and will set you up very well if you're sure a career in finance is for you. The one with Econ will keep more options open in terms of careers. Happy to answer anymore questions. For context, I studied Econ and work in finance 🙂
@@FinanceUnboxed I know that you answered this long ago, but did you take a master in economics, or only an undergrad?
@@felipao2134 only undergrad
I didnt do business studies or accounts in high school, is it fine for me to do economics?
I’m assuming you’re from America because in the UK at least, you can study economics/business in 6th Form (2 year after secondary school) without having done anything beforehand.
my DREAMS from Somalia
Your very smart and funny Dylan.
Thank you!!
Is an economics degree Worth IT or not?
It's worth it 1000%!
Apprecaite this video alot mate, find out my a level grades on thurs and am gopefully gonna get in the economics bsc ive applied for, just worried that im gonna feel out of depth and just like what the fuck is this? Especially the maths. Anyways ave a good day mate cheers.
Good luck!! You’ll be fine bro
Is the any economic value to an economis education!
Sorry, I couldn't resist.
3:00 But why are they all placed together??
Did you do an econometrics module? How was that? Heading into 2nd year business economics and dreading that module in particular
Econometrics is awful😢
If you did statistics in the first year and put in something near the recommended study time you will be fine. It is hard, but introductory econometrics is manageable.
Didn’t this guy make a video saying 5 reasons to not study economics?
Is it possible for me to completely self study economics? Like look at the curriculum and buy textbooks for each topic. I’m currently in EE major, and my college do not offer double degrees. Should I buy courses instead of textbooks?
bro said all he needed was "differentiation" for the entire course and product rules, chain rules, quotient rules for the 3rd year. Meanwhile me learning all that shit in the first semester in CS major, goodbye CS.
I’m a physics major with a minor in economics. Economics so far seems pretty simple. Just scored a 92 on my midterm
I've not looked at my university stuff for 5 months and I think I've forgotten everything.
For real looool
Should I try go to Durham uni for economics or Leeds?
thank you.
thanks bro I'm also going to Italy to do Msc in international economics and business from University of verona
So wait if i get this degree can u work at wall street?😂
Sure why not....
Yes, from personal experience
@@domrramos how do I become an analyst? Lol
Did u do a lot of reading weekly
I didn’t do economic a-level so will I be ok doing economic and finance in uni
yes, some unis actually favor mathy subjects rather than economics alevel suprisingly so if you have maths or any maths related subjects than they should allow you to take the course even if you didnt take it for a level
I f***** love TH-cam
I am also considering an economics course at the university of york but its all overwhelming. Im unsure whether to pick york or other nearby unis and whether to do a standalone economics course or one combined with finance/accounting
Wait, but why are all the similar fast food chains all grouped in the same location in close proximity to one-another?
as qauntity decrease price goes up
I genuinely have a question that is I'm studying A levels now, recently finished AS and now in A2. My subjects are Economics, Business and Accounting. For context I study under Cambridge International exams and I only had Maths D (general maths) for O levels and didn't have additional maths. I also didn't take A level maths and I intend to know at least if I'll be able to take university economics even if means learning a few new topics for maths because idk what to study in Uni and I want to keep my options open. would it be doable or is it too much to cope up with? I would also appreciate if you make videos about business and accounting in university. Loved the video
Hey, I am in a very similar situation as yours. Gonna give my A2 nov'23 and I have accounting econs and maths. I am pretty sure you are in a uni now? What course did you take?
Did you not do any Economometrics?
Not sure if you respond but will a bachelors in economics be worth it? or is it hard to get a well-paying job with only a bachelors?
Did you have to take econometrics?