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Josh Angrist: If I Master Econometrics, What Jobs Can I Get?

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

The job market for people with skills in econometrics is exploding. In this video, MIT professor Josh Angrist describes the opportunities awaiting empirically-minded economics majors, including new careers in high tech firms such as Amazon and Uber.

This video is the sixth in our series of Q&As about our course Mastering Econometrics.

**CONTINUE LEARNING**
Mastering Econometrics course information: https://mru.io/dso
Responses to other common questions: https://mru.io/josh-angrist-04e6a
Get updated when we release more Mastering Econometrics: https://mru.io/5op

***TEACHER RESOURCES***
Professor resources: https://mru.io/pqe
High school teacher resources: https://mru.io/5zj
EconInbox: https://mru.io/e6g

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Video Language:
English
Team:
Marginal Revolution University
Project:
Mastering Econometrics
Duration:
01:43

English subtitles

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