Quant skills pay

May 25, 2014

Glenn Okun points me to an interesting piece in today’s WSJ. One soundbite: 

Ms. Cissi … interned at Mercer, a human-resources consultant, which led to an internship at the FDIC. The work impressed upon her the importance of mastering the math side of her economics major, helping Ms. Cissi land her first job.

Yeah, the math side! They point to a study by the Center for College Affordability and Productivity. I don’t know who these people are, but this conclusion is easy to document:

Not all majors are equal. Engineering and economics graduates, for example, typically earn almost double what social work and education graduates receive by mid-career.

It’s not just engineering and economics: most quantitative fields have similar success rates. More along the same lines here.


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