The key concern in 2023 amongst students of Economics, is the argument that in which field, there are better job prospects, Economics or Data Science.
Looking at the scenario these days, both of these streams have become overlapping in nature.
Pursuing an advanced economics degree, Masters or a PhD, is a great route to get into high quality Data Science Jobs.
Full Stack Data Scientists
As per the current trends, the demand of full stack data scientists is very high.
The work profiles of Data Engineer, Business Analysts and Statistical Experts, combined together form a Full Stack Data Scientist. And sometimes, a variation is Machine Learning Engineer. It could be a wise decision if you are hell bent on making data science career to think about what exactly is a full stack data scientist.
Significance of Economics
Even being in Economics stream, one can get into the field of Data Science. Studying economics gives the statistical tools, research aptitude and the subject matter of economics which is an ideal way to get into finance jobs.
On combining these skills with certifications such as CFA (Chartered Financial Analyst), FRM (Financial Risk Manager) or CAIA (Chartered Alternative Investment Analyst Association), you are going to be in great demand in the finance industry.
On combining these skills with certifications such as CFA (Chartered Financial Analyst), FRM (Financial Risk Manager) or CAIA (Chartered Alternative Investment Analyst Association), you are going to be in great demand in the finance industry.
Altogether, it can be said that, economics exposes an individual to conventional & analytical along with creative jobs.
If one gets into a data science education, it invariably demands him/her to learn about the latest trends in technology. And economists possess impressive technical capabilities and exposure to latest technology in addition to some core skills required to be a data scientist.
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