Tuesday, November 02, 2004

Contingency Plans

Question:

For those of you who are in grad school, were you 100% certain that you would get in? If not, what did you consider as a back up strategy? I have a few, like economic sociology or political science, etc... either way, hopefully econ.

For those who aren't grad students yet, what are you considering if econ doesn't work?

Sorry if this is too pessimistic!

7 Comments:

Blogger Chris Silvey said...

I never considered another degree path (maybe a business PhD...but that is just an applied econ degree.

November 2, 2004 at 11:11 PM  
Blogger Luba said...

This comment has been removed by a blog administrator.

November 3, 2004 at 10:14 AM  
Blogger Chris said...

Hey,


I've thought (currently thinking) to do grad studies in Math. However, I'm still keeping my Econ possibility alive. The more I learn of Economics though, the more depressed I get with it..... Its quite funny as Pure econ was my first love, thats why I started taking Math courses.... now I find the classes i was doing out of nessesity, I do for the enjoyment of it.

You may feel the same as you take more math courses. Although I would recommend you take less analytical courses (like probabiltiy) and more discrete courses like Algebra. I'm not sure but I think the Adcoms in Econ would be more impressed with your master of this kind of theory then from doing less theoretical courses. Well good luck and cheers.

November 3, 2004 at 11:09 AM  
Blogger Luba said...

Ooops...

Hi. I'm a 3rd year econ and math major at McMaster University in Ontario. I will AND must get into grad school. I've considered randomly applying for law and medical school, but more on just a lark to see if i get in. See, it comes down to this: if you realize there is NOTHING else you want to be aside from an econ grad student, then you will work hard enough to accomplish that. The idea of working in the private sector, or teaching high school students terrifies me. Nonetheless, i would apply to teachers college if I was worried i wouldn't get into a graduate program.

.... alot of american students forget that Canada and the UK has excellent econ M.A. programs. It's one extra year, but from what I hear, it makes the transition into the Ph.D sooo much smoother.

November 3, 2004 at 6:40 PM  
Blogger Andy said...

I asked because I have looked at other programs, like poly sci and economic sociology. I know that I wouldnt' enjoy either of those as much as econ and that the prospects for jobs aren't as good (or so it seems), but I always like to hedge my bets.

And about the probability: most econ admission pages talk about having statistic from the math dept. At my school we have to take probability theory before we can take stats.

November 3, 2004 at 7:36 PM  
Blogger Chris said...

You have to take Probability Theory before you take stats? Perhaps I am thinking of the wrong thing. I thought you meant a Prob. Theory course after the intro course. I had to take Stats two something, which was Intro to Prob Theory, before I could take Econometrics.

In any event, I suppose Economist do you use a lot of statistics, I personally hate all of statistics (Probably means I would never be an Econometrician). Although it seems evident to me that the more "theory" courses you could take that utilize the rigorious theorem-proof-example structure would be more looked highly upon then any other type of math course.

Oh well, I hate stats, probably means I"m not suited to be a Econometrician. It seems so dry and dull to me. What do you think about it?

November 3, 2004 at 8:55 PM  
Blogger Andy said...

I've only had two economic stat classes, including econometrics, so they were more applied stats than theory. I don't really care for it much, but I like being able to look at real data and make sense of it. I find that it really helps with looking at the empirical sections of articles if you just know the basic applications of econometrics. Hopefully the probability theory and statistical theory math classes with have proofs of all of this stuff that I've been using for two years.

November 4, 2004 at 6:59 AM  

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