Choosing a Double Major: Math and Economics vs. CS and Economics

Given the demanding nature of higher education, students often find themselves torn between pursuing a double major that complements their primary interest. The decision between double majoring in math and economics or computer science (CS) and economics can significantly impact one's career trajectory. This article explores the merits of each option and outlines the potential career paths they offer.

Math and Economics vs. CS and Economics: A Career Implication

When considering a double major, it's crucial to evaluate whether one can excel in both disciplines. According to industry demands, hiring managers often prefer to work with two individuals who excel in separate areas rather than one who is merely competent in both. For instance, hiring two people, one with expertise in computer science (CS) and another in mathematics or economics, could be more beneficial than finding a single individual who can handle both.

My daughter recently graduated with a degree in 'economics and math' with an emphasis in computation from UCLA. I too studied aerospace engineering and have a background in software development, managing a software development consulting company. Her experience offers valuable insights into the challenges and benefits of double majoring in these fields.

The Complexity of Majoring in Math and Economics

Double-majoring in mathematics and economics presents a rigorous academic journey. My daughter, for instance, was surprised by the extensive math content in her degree program, which emphasized computation rather than pure economics. UCLA's robust math program made the curriculum even more demanding. In contrast, many engineering degrees feature an easier second year as students delve into more specific classes. However, math students face a relentless increase in difficulty, peaking during their senior year with advanced classes like analysis, which can be extremely challenging.

I had noticed my daughter using her computer very sparingly during my visit. Instead, she spent most of her time using graph paper to handwrite equations. This highlights the practical nature of computer science, which often allows for easy employment due to the demand for skilled developers. On the other hand, while math majors can easily transition into programming, they may face skepticism about their practicality in business environments. Showing their ability to solve real-world problems is key to gaining employment with a math degree.

Career Paths with Math and Economics

With a degree in economics and math, several career paths are available. Some graduates find positions in financial institutions, particularly in back-office IT roles. My daughter, for example, secured a job with a big bank where she was involved in approximately 50 programming tasks. Another offer from a similar bank focused more on pure programming, further underscoring the versatility of a math and economics degree.

Additionally, individuals with these skills can explore roles in machine learning, an expanding field that combines computational skills with mathematical analysis. As my daughter's experience shows, while designing new machine learning algorithms may require a PhD, she can continue to develop practical skills on her own. This dual education prepares her well for a growing industry segment.

Career Paths with CS and Economics

Economics, while not as practical, offers valuable analytical skills that are increasingly relevant in the modern economy. With the shift towards data-driven decision-making, economics graduates can join professionals in fields that require models to analyze real-world data. Although the demand for traditional economists might be limited, pairing a CS and economics degree can provide a strong foundation for a promising career, especially in tech and finance roles.

Graduates with a dual CS and economics degree are sought after in tech companies looking to understand consumer behavior, market trends, and financial models. They can bridge the gap between technology and business, offering valuable insights into market dynamics that can drive growth and innovation.

Conclusion

Choosing a double major between math and economics or computer science and economics is a significant decision that can profoundly influence one's career path. With each degree offering distinct advantages, it's essential to align one's interests and career aspirations with the right combination. Whether focusing on complex mathematical models or the logical foundations of computer science, both paths can lead to successful and fulfilling careers.

Ultimately, both options require dedication and continuous learning. However, with strategic planning and a solid grasp of the relevant skills, students can navigate the challenges and seize the many opportunities that lie ahead in their chosen fields.