Economists who want to work as economists will probably have to do a PhD. On the other hand, the economist who later receives an MBA seems to have better career prospects than the economist with a doctorate in economics. www.bls.gov/ooh/life-physical-and-social-science/economists.htm Well, economics versus wages in law is a very broad topic. You`d better check the job postings yourself to see the trends. Because in the search for economic vs legal content, you have to keep in mind that salaries are very individual and specific – there is no real industry standard outside of the best law firms and government agencies. A Stanford JD/MA in Law and Economics can support a career in virtually any area of legal practice, including corporate law, tort law, contract law, civil procedure law, and international law. Students pursuing a Stanford Juris Doctor degree in this area will gain solid experience for an academic career or work in the private sector or government. Individuals, businesses, and government officials need at least a master`s degree in economics to hire you. Major in economics in mathematics quite difficult.

Math is math – normally, no rotation is allowed. I think math is beautiful. If you hate math, economics isn`t for you. Unless you want to learn math better. A math-focused economics student is likely to move on to another career anyway and become a financial or business analyst, actuary, accountant, or even programmer. Frankly, law school graduates have a harder time changing careers for many reasons, including the stigma surrounding lawyers. Employers sometimes stay away from law majors and go back to law school to go to the trash so they can be safe later rather than sorry. Some economics programs in colleges offer a concentration before the law. I`m not sure. If you know the law and want to read and write a lot all day, go to law school. Tax law is an exception. If you want to be an economist and do quantitative work, go get a degree in economics.

It`s as simple as that. I don`t like hybrid programs because I think students waste their time and perspectives by losing focus. Among law school applicants in 2015-2016, economists had an average LSAT score of 158.8, the highest score of the 16 largest disciplines (with more than 950 law school applicants). Economics ranked second only to mathematics/physics (161.7) out of 29 disciplines created for at least 325 students with similar majors. The years 2001-2016 to 2015-16 show similar rankings. In fact, economics is one of Shearman & Sterling`s most popular subjects of study. Business studies are one of many common pathways to law school. The Law School Admission Council provides the official law school guide for the American Bar Association. The guide emphasizes thorough reading and library research, the ability to synthesize large amounts of information, and logical reasoning. In addition to soft skills, the guide highlights a broad knowledge of history, politics, finances, human behavior, and different cultures.

3. Analytical and logical thinking Another important facet of law is critical thinking. A degree in economics teaches you a lot of logical thinking as well as the interpretation and analysis of complex data. The study of economics develops analytical skills in a way that will be useful as a lawyer. It provides a unique lens through which all aspects of human behavior can be seen. For students who ultimately decide not to study law, a business degree offers many other opportunities for employment or graduate study. On the bright side, if you`re naturally good at math, the many obstacles during business school would seem minuscule. According to law school admissions staff, students majoring in economics and other quantitative disciplines perform better in law school than other majors. In addition, the following upper-level economics electives present topics more closely related to the field of law: Each of these programs offers a solid approach to pre-law study, and students should consider their own interests to determine which degrees best suit their needs. You may also be able to land a job on your bachelor`s degree, but it will likely be a low-paid source.

Business degree offers the opportunity to work in banking, finance, actuarial, government, teaching, and more as a teacher, analyst, business analyst, marketing analyst, etc. In the long run, this can lead to a more stable career. Business studies are good for finding a number processing job and may actually offer a wider variety of job opportunities than law school. Students majoring in economics can choose between three degree programs: a Bachelor of Arts, Bachelor of Science, or Bachelor of Business Administration. In general, the differences between these three-stage plans are as follows: Firms use microeconomic principles to make decisions on issues such as productivity, supply, and prices. The study of microeconomics therefore teaches you the logic behind these decisions. Participation in modules such as industrial economics or competition economics would also provide useful knowledge for a corporate lawyer, such as understanding how markets are defined in antitrust cases. 5. Macro – Micro In your business studies, you will undoubtedly focus on microeconomics and macroeconomics, both of which provide useful backgrounds for a career in corporate law. In addition, during my studies, I had to make several presentations and work in small teams to analyze the data and present our results. All this is an excellent preparation for life in a law firm. You often work with others, especially when you`re faced with a tight deadline.

For my fellow law students and graduates – always better at writing. Writing is an excellent and necessary skill for a litigant and litigator seems to be a hot job in the legal field. Not the best and stressful, but at least one job can land. A combination of economics and law school can open up a chance to work in government or in areas of law such as taxes and trusts and estate law, although I don`t recommend mixing apples and pears in your career. There is a common perception in the community that a law degree is better than a business administration degree due to the increased demand for lawyers. The study of economics is different from the study of business administration in general. In my previous article, Law School vs MBA, I tended to suggest that enrolling in law school might be a better idea than an MBA. In business, it can be a little different and here`s why. Economics is a more specific major than the MBA, and the perspectives are different and narrower as it offers a number of very specific skills. If this is true, then you have your answer.

Still, I think an economics degree is more flexible when it comes to changing careers than a law degree, but a law degree from law school is better for those who want to stay in the legal field of choice without changing careers in the future. The purpose of the law and economics major is to provide students with a well-rounded education at the intersection of business and law to prepare students for law school. The major provides students with economic analysis tools that allow them to predict the impact of certain legal rules, explain why certain legal rules exist, and analyze whether certain legal rules should exist. In addition, the major provides students with the economic tools and institutional knowledge to examine various aspects of the legal system, tort liability, contracts, property rights, the economics of litigation, antitrust law, and regulation. There is not a single program of study required for admission to law school. However, some courses, both inside and outside the Department of Economics, are more related to the field of law than others. To study economics, all students must take the following courses: law degree and law degree will get a job or potential pleasure in pursuing your own clients. Economics usually benefits from the additional degree – Master`s or Ph.D.

I think law school is also better at developing social and life-long survival skills than business. At least people learn how to do well. This article applies to bachelor`s and master`s degrees in analysis studying law vs. choosing economics. In short, the choice between law or economics depends on your natural or developed abilities. Are you good at math or can you learn it well? Do you like to perform simple but difficult mathematical and statistical calculations on a daily basis to identify trends? Then economics may be a good choice for you. A degree that combines expertise in law and economics allows lawyers to influence a variety of issues related to law, economics, and finance. Judges and practitioners are increasingly relying on economic arguments to resolve disputes. In some areas of legal practice – including antitrust law, tax law, bankruptcy law, corporate and securities law and other areas of business law – economic reasoning is often central to legal reasoning and continues to gain importance in many other seemingly non-economic areas such as environmental law.

intellectual property law, health law, etc.