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Engineering vs Economics?
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SteelManatee
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#1
Which one is better to do for:
1) Jobs in London
2)Unis in London
3) Salary
1) Jobs in London
2)Unis in London
3) Salary
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High Stakes
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#2
AGalletly
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#3
hoping4Astars
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#4
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#4
1) Economics, although engineering jobs are available and an engineering degree is still allowed for economics related jobs like investment banking and accounting, which are mainly located in the financial districts of London (City and Canary Wharf)
2) probably economics since lse and ucl both are highly regarded for economics but imperial is highly regarded for engineering and is one of the best in the world for engineering.
3) economics leads to a wide variety of careers, as does engineering. A lot of the jobs that you can get with an economics degree are also available with an engineering degree, such as investment banking, which has very high salaries and extremely long hours and high competition.
Overall, both degree subjects would be good for the 3 criteria you specified.
2) probably economics since lse and ucl both are highly regarded for economics but imperial is highly regarded for engineering and is one of the best in the world for engineering.
3) economics leads to a wide variety of careers, as does engineering. A lot of the jobs that you can get with an economics degree are also available with an engineering degree, such as investment banking, which has very high salaries and extremely long hours and high competition.
Overall, both degree subjects would be good for the 3 criteria you specified.
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High Stakes
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#5
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#5
(Original post by hoping4Astars)
1) Economics, although engineering jobs are available and an engineering degree is still allowed for economics related jobs like investment banking and accounting, which are mainly located in the financial districts of London (City and Canary Wharf)
2) probably economics since lse and ucl both are highly regarded for economics but imperial is highly regarded for engineering and is one of the best in the world for engineering.
3) economics leads to a wide variety of careers, as does engineering. A lot of the jobs that you can get with an economics degree are also available with an engineering degree, such as investment banking, which has very high salaries and extremely long hours and high competition.
Overall, both degree subjects would be good for the 3 criteria you specified.
1) Economics, although engineering jobs are available and an engineering degree is still allowed for economics related jobs like investment banking and accounting, which are mainly located in the financial districts of London (City and Canary Wharf)
2) probably economics since lse and ucl both are highly regarded for economics but imperial is highly regarded for engineering and is one of the best in the world for engineering.
3) economics leads to a wide variety of careers, as does engineering. A lot of the jobs that you can get with an economics degree are also available with an engineering degree, such as investment banking, which has very high salaries and extremely long hours and high competition.
Overall, both degree subjects would be good for the 3 criteria you specified.
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SteelManatee
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#6
(Original post by High Stakes)
Exactly. But a lot of the careers that come with an Engineering degree, can't come with an Economics degree. The only case where it's the opposite is if OP is thinking of working as an 'economist' in which case Economics is obviously the best degree.
Exactly. But a lot of the careers that come with an Engineering degree, can't come with an Economics degree. The only case where it's the opposite is if OP is thinking of working as an 'economist' in which case Economics is obviously the best degree.
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jislam
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#7
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#7
Honestly It should be the subject you most enjoy. Do some reading about the subject and jobs that may interest you. For example do you want to do a 3+ year degree in engineering just because of a salary you may get or do economics which you enjoy and can get you places because of how much you love it?
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SteelManatee
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#8
(Original post by hoping4Astars)
1) Economics, although engineering jobs are available and an engineering degree is still allowed for economics related jobs like investment banking and accounting, which are mainly located in the financial districts of London (City and Canary Wharf)
2) probably economics since lse and ucl both are highly regarded for economics but imperial is highly regarded for engineering and is one of the best in the world for engineering.
3) economics leads to a wide variety of careers, as does engineering. A lot of the jobs that you can get with an economics degree are also available with an engineering degree, such as investment banking, which has very high salaries and extremely long hours and high competition.
Overall, both degree subjects would be good for the 3 criteria you specified.
1) Economics, although engineering jobs are available and an engineering degree is still allowed for economics related jobs like investment banking and accounting, which are mainly located in the financial districts of London (City and Canary Wharf)
2) probably economics since lse and ucl both are highly regarded for economics but imperial is highly regarded for engineering and is one of the best in the world for engineering.
3) economics leads to a wide variety of careers, as does engineering. A lot of the jobs that you can get with an economics degree are also available with an engineering degree, such as investment banking, which has very high salaries and extremely long hours and high competition.
Overall, both degree subjects would be good for the 3 criteria you specified.
So i thought Economics would be good for the finance jobs ?
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High Stakes
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#9
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#9
(Original post by SheLikeTheMango)
Well I wanted to go into finance, so I thought doing an Economics degree with lots of finance modules would set me up properly for that. I also had the impression that someone with an Economics degree could rise up the ranks in a bank faster than someone who had an Engineering degree because the one with the Econ degree would have more knowledge for the advanved roles. Am i correct in saying that?
Well I wanted to go into finance, so I thought doing an Economics degree with lots of finance modules would set me up properly for that. I also had the impression that someone with an Economics degree could rise up the ranks in a bank faster than someone who had an Engineering degree because the one with the Econ degree would have more knowledge for the advanved roles. Am i correct in saying that?
That said the small differences between these two for IB are almost negligible. I only said Engineering, based on general job prospects. If you're choosing your degree as a means to a degree in Finance then it's completely irrelevant. Do which ever suits you better and make sure you go to the right universities - That's it.
Just to be sure, I'll link Princepieman - They'll be able to give you a very informed answer.
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High Stakes
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#10
bobbybob12
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#11
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#11
(Original post by SheLikeTheMango)
Which one is better to do for:
1) Jobs in London
2)Unis in London
3) Salary
Which one is better to do for:
1) Jobs in London
2)Unis in London
3) Salary
2) For undergraduate, Imperial and LSE are equally ranked for respectively engineering and economics. UCL is probably the same and thus there probably isn't any further difference.
3) There is more variability with Economics, if you go to private companies, particularly the city, and have a good degree there is great potential, otherwise there is definitely not that good potential. Engineering will ensure that you have a decent low salary if you become an engineer with a stable employment opportunities but if you go into the city the same as Economics. The average front office city worker is paid more then the average engineer but there is not an increasing no. of jobs in the city, but a decreasing. If you have an engineering degree you may become more employable in the city as they look to trade qualitatively and cut back on staff. Engineers - well the number of potential directly related careers is increasing.
If you are looking to make an absolute fortune then engineering probably offers more potential, there is the option of going into something potentially extremely lucrative such as space mining (I am talking billions), whereas with economics you could end up at a hedge fund if you are lucky and VERY good at trading (I am talking millions).
If you are good at engineering related things, physics, mechanics etc and are actually interested in that field then economics go for engineering. I you think that an Economics degree will translate into a higher salary or top job in the city, engineering will do the same and more. BUT if you are seriously passionate about Economics do it. By the way are you going to do A levels next year or are deciding what to apply for?
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bobbybob12
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#12
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#12
(Original post by SheLikeTheMango)
Well I wanted to go into finance, so I thought doing an Economics degree with lots of finance modules would set me up properly for that. I also had the impression that someone with an Economics degree could rise up the ranks in a bank faster than someone who had an Engineering degree because the one with the Econ degree would have more knowledge for the advanved roles. Am i correct in saying that?
Well I wanted to go into finance, so I thought doing an Economics degree with lots of finance modules would set me up properly for that. I also had the impression that someone with an Economics degree could rise up the ranks in a bank faster than someone who had an Engineering degree because the one with the Econ degree would have more knowledge for the advanved roles. Am i correct in saying that?
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SteelManatee
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#13
(Original post by High Stakes)
Unfortunately, you're incorrect. If by advanced roles, you're referring to FO positions in an IB, a more mathematically oriented degree will suit you best (i.e. Maths, Engineering etc.) - Your Economics degree may benefit you in that it does possess both mathematical modules and a lot of essay-based modules which will make you more well rounded and I guess better if the position your interested in involves talking to clients.
That said the small differences between these two for IB are almost negligible. I only said Engineering, based on general job prospects. If you're choosing your degree as a means to a degree in Finance then it's completely irrelevant. Do which ever suits you better and make sure you go to the right universities - That's it.
Just to be sure, I'll link Princepieman - They'll be able to give you a very informed answer.
Unfortunately, you're incorrect. If by advanced roles, you're referring to FO positions in an IB, a more mathematically oriented degree will suit you best (i.e. Maths, Engineering etc.) - Your Economics degree may benefit you in that it does possess both mathematical modules and a lot of essay-based modules which will make you more well rounded and I guess better if the position your interested in involves talking to clients.
That said the small differences between these two for IB are almost negligible. I only said Engineering, based on general job prospects. If you're choosing your degree as a means to a degree in Finance then it's completely irrelevant. Do which ever suits you better and make sure you go to the right universities - That's it.
Just to be sure, I'll link Princepieman - They'll be able to give you a very informed answer.
Also wanted to clear something up, are Banks as a whole referred to as Investment Banks or do they have a smaller division within the Bank specifically for Investment banking?
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SteelManatee
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#14
(Original post by High Stakes)
Can I also ask what are all your A levels again? My memory is a bit blurry.
Can I also ask what are all your A levels again? My memory is a bit blurry.
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SteelManatee
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#15
(Original post by bobbybob12)
1) Engineering with allow you do any related degree and will get you into so general jobs and also careers in the city. Economics gives you a less broad range of jobs and you will get in the city. In the city there i virtually no difference but engineering will allow you to potentially go into quantitative analysis, Economics will not. Engineering will allow you to do a masters in finance or financial engineering.
2) For undergraduate, Imperial and LSE are equally ranked for respectively engineering and economics. UCL is probably the same and thus there probably isn't any further difference.
3) There is more variability with Economics, if you go to private companies, particularly the city, and have a good degree there is great potential, otherwise there is definitely not that good potential. Engineering will ensure that you have a decent low salary if you become an engineer with a stable employment opportunities but if you go into the city the same as Economics. The average front office city worker is paid more then the average engineer but there is not an increasing no. of jobs in the city, but a decreasing. If you have an engineering degree you may become more employable in the city as they look to trade qualitatively and cut back on staff. Engineers - well the number of potential directly related careers is increasing.
If you are looking to make an absolute fortune then engineering probably offers more potential, there is the option of going into something potentially extremely lucrative such as space mining (I am talking billions), whereas with economics you could end up at a hedge fund if you are lucky and VERY good at trading (I am talking millions).
If you are good at engineering related things, physics, mechanics etc and are actually interested in that field then economics go for engineering. I you think that an Economics degree will translate into a higher salary or top job in the city, engineering will do the same and more. BUT if you are seriously passionate about Economics do it. By the way are you going to do A levels next year or are deciding what to apply for?
1) Engineering with allow you do any related degree and will get you into so general jobs and also careers in the city. Economics gives you a less broad range of jobs and you will get in the city. In the city there i virtually no difference but engineering will allow you to potentially go into quantitative analysis, Economics will not. Engineering will allow you to do a masters in finance or financial engineering.
2) For undergraduate, Imperial and LSE are equally ranked for respectively engineering and economics. UCL is probably the same and thus there probably isn't any further difference.
3) There is more variability with Economics, if you go to private companies, particularly the city, and have a good degree there is great potential, otherwise there is definitely not that good potential. Engineering will ensure that you have a decent low salary if you become an engineer with a stable employment opportunities but if you go into the city the same as Economics. The average front office city worker is paid more then the average engineer but there is not an increasing no. of jobs in the city, but a decreasing. If you have an engineering degree you may become more employable in the city as they look to trade qualitatively and cut back on staff. Engineers - well the number of potential directly related careers is increasing.
If you are looking to make an absolute fortune then engineering probably offers more potential, there is the option of going into something potentially extremely lucrative such as space mining (I am talking billions), whereas with economics you could end up at a hedge fund if you are lucky and VERY good at trading (I am talking millions).
If you are good at engineering related things, physics, mechanics etc and are actually interested in that field then economics go for engineering. I you think that an Economics degree will translate into a higher salary or top job in the city, engineering will do the same and more. BUT if you are seriously passionate about Economics do it. By the way are you going to do A levels next year or are deciding what to apply for?
Might have to draft up an Engineering personal statement now
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High Stakes
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#16
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#16
(Original post by SheLikeTheMango)
Ah I see, I thought Economics had a lot of Maths in it at undergraduate level?
Also wanted to clear something up, are Banks as a whole referred to as Investment Banks or do they have a smaller division within the Bank specifically for Investment banking?
Ah I see, I thought Economics had a lot of Maths in it at undergraduate level?
Also wanted to clear something up, are Banks as a whole referred to as Investment Banks or do they have a smaller division within the Bank specifically for Investment banking?
Investment banks are a separate division of the banking sector:
"Investment Banks expedite the purchase and sales of bonds, stocks and other investments and aid companies in making initial public offerings (IPOs). Commercial banks act as managers for deposit accounts for businesses and individuals, although they are primarily focused on business accounts, and they make public loans through deposit money that they hold."
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High Stakes
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#17
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#17
(Original post by SheLikeTheMango)
Maths, Chemistry, Physics. Not the most ideal subjects for an Economics degree, my A-levels actually seem more set up for an Engineering degree but Economics has got me interested.
Maths, Chemistry, Physics. Not the most ideal subjects for an Economics degree, my A-levels actually seem more set up for an Engineering degree but Economics has got me interested.
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SteelManatee
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#18
(Original post by High Stakes)
You have a great set of A levels for both degrees - Although please note that the top universities will favour applicants with Further Mathematics when it comes to Economics. Your Physics A level is going to have you favoured by a lot of universities when applying for Engineering.
You have a great set of A levels for both degrees - Although please note that the top universities will favour applicants with Further Mathematics when it comes to Economics. Your Physics A level is going to have you favoured by a lot of universities when applying for Engineering.
)
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High Stakes
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#19
(Original post by SheLikeTheMango)
Yeah I've ruled out Oxbridge and LSE from my choices due to not having FM. Although from browsing around on TSR, I've seen that UCL and Warwick don't mind the lack of FM so UCL is my main target (lets hope I get an offer)
Yeah I've ruled out Oxbridge and LSE from my choices due to not having FM. Although from browsing around on TSR, I've seen that UCL and Warwick don't mind the lack of FM so UCL is my main target (lets hope I get an offer
)
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tanyapotter
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