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- [Narrator][br]If I master econometrics,

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what jobs can I get?

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- [Josh] Our students,

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both undergraduate,[br]master's, and Ph.D. students,

0:00:10.200,0:00:12.444
have a very robust job market.

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The traditional[br]non-academic job market

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for an economics major[br]with quantitative skills

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is kind of consulting,[br]also finance.

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What's happened[br]in the last 10 or 15 years

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is this new sector has opened up.

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Some people call it[br]the Silicon Valley sector.

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Google, Facebook,[br]Uber, Netflix, Amazon --

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they're hiring economists

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with, again, quantitative skills[br]for the most part,

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not necessarily[br]card-carrying econometricians,

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but people who are good with data[br]and trained with data.

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What's new about, say, Amazon,

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as opposed to some[br]of these other employers

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that have been around[br]for a long time,

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is Amazon is asking fairly narrow

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but very clearly causal questions[br]about their own world.

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They have the data to answer them,

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and they're prepared[br]to run experiments.

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I now have three Ph.D. students[br]working at Amazon.

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It's apparently not okay[br]for them to talk in any detail

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about what they do there.

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So when I asked them,[br]"What are you up to?"

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they say, "We're running[br]experiments."

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♪ [music] ♪

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- [Narrator] Ready[br]to master econometrics?

0:01:26.405,0:01:29.112
Click here to embark[br]on an educational journey

0:01:29.112,0:01:33.468
with Josh Angrist,[br]aka Master Joshway.

0:01:33.468,0:01:36.550
Or if you'd like to watch more[br]from this interview series,

0:01:36.550,0:01:37.783
click here.

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♪ [music] ♪