NHH's international bachelor's programme provides a solid foundation for a business education with an extra emphasis on data science and technology.
The Bachelor in Business, Economics and Data Science will be offered from the autumn semester 2024 and is taught in English.
The programme covers all the major areas of business administration, economics, finance, accounting and auditing, and strategy, but with a particular focus on
Can I Get Into Data Science with An Economics Degree?
Let’s start with “Can I make the switch?” The answer here is a resounding “Yes!”.
Roughly 13% of current data scientists have an Economics degree.
For comparison, the most well-represented discipline is data science and analysis, which takes up 21% of the pie.
Therefore, Economics is indeed a competitive discipline when it comes to data science.
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Highlight Your Strengths in Your Data Science Job Application
The first one is picking your spot.
As discussed, there is plenty of room for Economics graduates in data science.
All you need to make sure you’re ready to fit exactly that roleand demonstrate your strengths.
Employers value your understanding of causal inference, so you need to highlight that in your application.
Showcase the analytical part of y.
Is data science a competitive discipline?
Roughly 13% of current data scientists have an Economics degree.
For comparison, the most well-represented discipline is data science and analysis, which takes up 21% of the pie.
Therefore, Economics is indeed a competitive discipline when it comes to data science.
This isn’t at all surprising for several reasons.
Level of Education Required to Get Into Data Science with Economics Degree
We already discussed how popular Economics is compared to STEM degrees, so you know it’s a good choice for a potential career as a Data Scientist.
When it comes to economics degrees, 43% of the job ads in our research require a BA and an additional 40% a Master’s.
Hence, due to the interdisciplinary nature of social sciences, you don’t need to get .
Should an economics major pursue a career in data science?
All things considered, Economics majors can, and should, try to pursue a career in data science because they have the necessary skills and there is high market demand.
Surely, economics skills are mandatory for any data science team.
Thus, there is no doubt that you, dear Econ major, could be that person.
Should I Transition to Data Science from Economics?
Well, the answer here is “Yes” – with a very smallasterisk next to it.
Now, any Economics graduate possesses many of the required skills to transition into Data Science, but that doesn’t necessarily suggest they should do it… They might be more suited for something else.
For example, an Economics graduate with an affinity for Political science will.
Skills Required to Get Into Data Science with Economics Degree
When it comes to skills, one of the key parts is understanding statistical results and their implications.
Luckily, economics degrees are often based on statistical study cases and experiments, so you should feel comfortable interpreting the results.
Of course, this expands to understanding the intuition behind machine learning algorithms and their.
Start Thinking Like A Data Science Professional
The third and most crucial change you need to make is to adapt your way of thinking.
Even though the cause & effect mentality will help you settle in your career, you need to be able to look for other things as well.
The findings of Neural Networks algorithms can be confusing because they discover patterns rather than causal links.
Hence, you need .
Use Your Social Science Advantage in Data Science
By knowing how surveys and experiments are constructed, you know where to look when examining the results.
You see beyondthe data and understand which Machine Learning approach should work best in each case.
In contrast, Data Science and Computer Science graduates often have a mindset of “How can I pre-process the databefore I run a machine learnin.
What Are The Requirements to Get Into Data Science with Economics Degree?
So, let’s look at the question like an economist would – through the lens of incentives.
Where does one find the incentives.
That’s right - in a job ad.
The main components of a job ad are the level of education, years of experience, and indispensable skills.
What is a BSc Economics & Finance & data science?
The BSc Economics, Finance and Data Science is a first-of-its-kind degree that offers students the rigorous study of economics and finance, combined with the learning of data science and its applications.
What is data science for business?
Data Science for Business will teach you how to think beyond the spreadsheet, and effectively use data to tackle your business decisions, becoming a stronger manager.
This course provides a hands-on approach for demystifying the data science ecosystem and making you a more conscientious consumer of information.
Years of Experience Required to Get Into Data Science with Economics Degree
As for years of experience, if you’re transitioning from another position in business, you’ve probably had to do some analytical thinking already.
Usually, 3 to 4 years in such a setting are enough to ensure a smooth transition.
But this is tightly related to your level of education.
A Master of Science will need 2 fewer-years of experience in a bu.
