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The Hot Major For Undergrads Is Economics
By JESSICA E. VASCELLARO
Staff Reporter of THE WALL STREET JOURNAL
July 5, 2005
Feature: Dead End in Detroit for White-Collar Workers?
On February 18, 2009 New York Times reporters Bill Vlasic and Nick Bunkley wrote that after closing plants and shrinking their blue-collar work force, Detroit’s troubled Big Three were cutting white-collar jobs in their hometown at an unprecedented pace — more than 15,000 in the last year, with more to come.
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Welcome
This Wall Street Journal article, published on July 5th, 2005, describes an "explosion" in economics majors all over the world. It points out that students increasingly see an economics major as "cool" and understand that it is in growing demand. At the University of Chicago, for example, 24% of the graduating class last year majored in economics. At Harvard and NYU, economics is the most popular major. At certain European universities, a third of undergrads study economics and related subjects.
And the recent article from the New York Times indicates engineers at the Big 3 need to consider new career opportunities. Unlike union workers laid off from idled factories, many salaried workers have no safety net of health care or guaranteed income for a year. At best, it’s a small severance or buyout, and a voucher for a discount on one of the hundreds of thousands of unsold cars that G.M. or Chrysler has sitting in inventory.
We invite engineers, and other white-collar employees to consider re-tooling in economics. Our M.A. in Economics consists of 8 to 10 courses, depending on prior course work. It can begin as early as May 2009, and lead to degree in hand as early as May 2010, Applied fields include Industrial Organization, International, Labor, and Health. M.A. degree holders may qualify for a wide range of positions including economic forecasting and health services research. For further information, click here
Li Way Lee, Chairman
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