Any Economics majors out there? I'd love to get some info.

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Huz

Member
Dec 27, 2001
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I majored in econ at a liberal arts school. I really enjoyed the upper division courses due mostly to the fact that there was a strong emphasis on theory as applied to developing economies ("the third world", or "underdeveloped" as pop culture likes to put it). One of our main profs had spent extensive time working in Asia in the 80s with the less prosperous governments there. I found that stuff really interesting. It all really depends on what you plan on doing.

I didn't have a clue what I wanted to do out of school, so the main constraint for me was to find something I enjoyed. If you're looking to get a job in your major right out of school, I'd probably recommend finance over econ or business. Seems there's just more opportunities.

I'm a sysadmin now. Finding a job in your major right out of undergrad is becoming a thing of the past, but more power to you if you can pull it off.
 

Orsorum

Lifer
Dec 26, 2001
27,631
5
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Originally posted by: LunarRay
In business you'll need MBA

The best route is:

BS - Accounting (maybe sit for the CPA)
MBA - Finance (Sit for the CMA)

If you're still into the academia then DBA - International Finance and Economics (assumes you've retained the math skills needed for Economics)

Then if you're highly situated in an organization take the four year (part time) JD in Law (no need to sit for the BAR at this point)

I've found this to be the ideal track if you can afford it and have the time. I wish the JD could be had first because it teaches one to not only think through issues but be able to articulate them in writing. The DBA is an in depth overview and mainly opens other doors and lends credibility to one seeking international business opportunities.

An interesting route to take, surprisingly similar to what I am thinking of doing.

BS Econ, graduating '04 or '05. Going for my law degree, graduating '07 or '08, taking the bar directly afterwards. I'll be taking the CPA exam and the Series 63/65 exams during the summers, and taking the EA exam after taking the bar exam.

I am planning on going for either a DBA or an LL.D. after working for four or five years, as well as my CMA license.
 

LunarRay

Diamond Member
Mar 2, 2003
9,993
1
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Orsorum said:
An interesting route to take, surprisingly similar to what I am thinking of doing.

BS Econ, graduating '04 or '05. Going for my law degree, graduating '07 or '08, taking the bar directly afterwards. I'll be taking the CPA exam and the Series 63/65 exams during the summers, and taking the EA exam after taking the bar exam.

I am planning on going for either a DBA or an LL.D. after working for four or five years, as well as my CMA license.
**************

I'm not familiar with Series 63/65 exams. The EA would not be needed with the BAR membership or CPA but, you'd still have to work to get the two years audit experience before you'd get the license. I sat for the CMA on a bet from a class I taught back when.. Two day affair.. tough as the dickens.. you really have to know your stuff on that one. (I passed #18226). I sat for the CPA, passed but, never got the audit ticket punched.
I went the way I went because it just fell that way. Logical to me at the time and now as well. I cannot stress enough to folks I meet how important the JD is... not to practice law as it were nor specialize in a legal field but, just in business in general. To know what is or might be important can be a value beyond the cost and time.. on just the one occasion it may be needed and I've had several... well more than several.
If I had to skip anything it would be the MBA and do the JD and leave it there until I could do the MBA/DBA.
 

PlatinumGold

Lifer
Aug 11, 2000
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another good route, very few people will know more coming in to pass the stockbrokers exams series 7/63 i believe, than an econ major. huge advantage over everyone else taking the test.

but again, if it were me and i had to do it all over again, i'd sit for the cpa exam.

matter of fact, mb i'm not too old, mb i should sit for the cpa exam. :)
 

Doggiedog

Lifer
Aug 17, 2000
12,780
5
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The series 63 is a state license for stockbrokers. It's pretty easy. I got a 98% on it without studying and finishing the test in 30 mins. Mostly common sense stuff like if your client is a 70 YO retiree do you a) sell him a volatile Internet stock b) sell him a municipal bond c) sell him a high quality bond with a decent return.

Don't know what a series 65 is though.
 

Orsorum

Lifer
Dec 26, 2001
27,631
5
81
Originally posted by: Doggiedog
The series 63 is a state license for stockbrokers. It's pretty easy. I got a 98% on it without studying and finishing the test in 30 mins. Mostly common sense stuff like if your client is a 70 YO retiree do you a) sell him a volatile Internet stock b) sell him a municipal bond c) sell him a high quality bond with a decent return.

Don't know what a series 65 is though.

----------------------------------------------------------
Series 63 - Uniform State Law

The Series 63 exam is required for most individuals who solicit orders for any type of security in that state. This License is required in addition to the Series 7 or Series 6 license. Our Series 63 training course covers all of the topics that are needed to pass the Series 63 exam. AIT offers the Series 63 in text and on Computer.

The Series 63 test covers topics including:

State Registration Laws and Procedure
Penalties and Suspension
Lawful Practices
Definition of terms
Administrator Rules
----------------------------------------------------------
Series 65 - Registered Investment Adviser

The Series 65 exam is required by many states for individuals that act as Investment Advisers. Our Series 65 training course covers all of the topics that are needed to pass the Series 65 exam.

The Series 65 test covers topics including:

Product Education
Retirement Planning
Conduct and Business Ethics
Securities Rules and Regulations

I am basically planning on being as skilled and as informed as possible in taxation, investments, and related topics.