Why would a department want to make their major harder to obtain? While it sounds a little backwards, making it harder to earn a degree in economics not only helps the reputation of your school, it helps the reputation of your department. Think about the psychology between reputation and academic rigor: Ivy League schools are extremely hard to get into, but their courses aren’t necessarily harder (if they’re harder at all) than anywhere else. Since most people don’t know the second part, many believe an Ivy League graduate has some sort of mythical power in their field. The ugly truth: Half of the time, it’s just brand loyalty.
According to the Bureau of Labor Statistics (BLS), financial analysts have a median pay of $76,950 per year, or $37 per hour. Economists have a median pay of $91,860 per year, or $44.16 per hour. Working on Wall Street or for your local or state government might not be such a hard job to get after college (and years of research experience). But trust me when I say that you’re not going to be prepared to work in technology or in many other large companies unless you read this.
NOTE: Bear with the length of this article. The reason why it’s long is because of the qualifications that I show from other companies. I promise that after reading this, you’re going to actually be prepared for these kind of jobs after college.
I decided to take a moment away from writing about economics and politics to help people who want a quality education for very little money know how to do so. This is also to help others prepare to come to school at BYU-Idaho.
Just to be clear, this article is not to scare anybody off from coming to BYU-Idaho. It’s meant to be a preparation guide so that you know what you’re wanting to do and so that you can be prepared for anything here. Anybody that knows about the BYU schools knows that The Church of Jesus Christ of Latter-day Saints (the Mormons) owns and operates the schools. There’s a section in this article specifically for those who aren’t Mormon, as well as parts of other sections, so they can feel a lot more comfortable with the idea of a church school.
Some people go to college and don’t know what to major in. There are also those who decide to major in business. Maybe you’re one of these people who decided to major in business with an emphasis in marketing, but were told by friends and family that you shouldn’t be so specific because you’re limiting yourself. Maybe you want to get an MBA and think that a business degree would be best to get your foot in the door. I’m going to say right now that you would be sorely mistaken to think so.
This article is not to bash or look down upon business majors. Rather, my goal is to help save your career. You might not understand this yet, but economics would actually be a very good degree for someone who wants options.