- [Narrator]
If I master econometrics,
what jobs can I get?
- [Josh] Our students,
both undergraduate,
master's, and Ph.D. students,
have a very robust job market.
The traditional
non-academic job market
for an economics major
with quantitative skills
is kind of consulting,
also finance.
What's happened
in the last 10 or 15 years
is this new sector has opened up.
Some people call it
the Silicon Valley sector.
Google, Facebook,
Uber, Netflix, Amazon --
they're hiring economists
with, again, quantitative skills
for the most part,
not necessarily
card-carrying econometricians,
but people who are good with data
and trained with data.
What's new about, say, Amazon,
as opposed to some
of these other employers
that have been around
for a long time,
is Amazon is asking fairly narrow
but very clearly causal questions
about their own world.
They have the data to answer them,
and they're prepared
to run experiments.
I now have three Ph.D. students
working at Amazon.
It's apparently not okay
for them to talk in any detail
about what they do there.
So when I asked them,
"What are you up to?"
they say, "We're running
experiments."
♪ [music] ♪
- [Narrator] Ready
to master econometrics?
Click here to embark
on an educational journey
with Josh Angrist,
aka Master Joshway.
Or if you'd like to watch more
from this interview series,
click here.
♪ [music] ♪