Thursday, January 19, 2012

Majors of the Top 1%? Economics is No. 2

NY Times Economix -- "According to the Census Bureau’s 2010 American Community Survey, the majors that give you the best chance of reaching the 1 percent are pre-med, economics, biochemistry, zoology and, yes, biology, in that order (see chart above)."

20 Comments:

At 1/19/2012 2:52 PM, Blogger Methinks said...

God help us :)

 
At 1/19/2012 3:07 PM, Blogger morganovich said...

zoology?

that's a surprise.

what is it all these zoo majors are doing? i don't really get that one.

 
At 1/19/2012 3:20 PM, Blogger Methinks said...

Studying congress, Morganovich.

 
At 1/19/2012 3:41 PM, Blogger morganovich said...

chimps are better groomed and far more civilized than that, methinks.

 
At 1/19/2012 3:41 PM, Blogger Ron H. said...

Methinks: "Studying congress, Morganovich."

I believe you're right. Weren't most top executives in large financial firms zoology majors?

 
At 1/19/2012 3:51 PM, Blogger Highgamma said...

I'd like to believe that this is all cause and effect, but I believe that there is some self-selection going on here.

 
At 1/19/2012 3:51 PM, Blogger Ron H. said...

...and for good reason.

 
At 1/19/2012 4:14 PM, Blogger morganovich said...

maybe zoology majors just wind up being really good at dominance of peer groups from years of studying alpha males and females in the wild.

 
At 1/19/2012 4:40 PM, Blogger Methinks said...

Ah, yes, chimps. But, hyenas, on the other hand....

 
At 1/19/2012 4:43 PM, Blogger Methinks said...

Okay. That's funny, Ron. But, I maintain that cats in congress (particularly since they are so easily distracted and generally disinterested in the task at hand - usually frustrating the population) would be a massive improvement.

 
At 1/19/2012 4:51 PM, Blogger Michael Hoff said...

1.4 million in political science and government. There's a problem.

 
At 1/19/2012 6:38 PM, Blogger Ron H. said...

Methinks: "Okay. That's funny, Ron. But, I maintain that cats in congress (particularly since they are so easily distracted and generally disinterested in the task at hand - usually frustrating the population) would be a massive improvement.?"

You're right as usual. :)

 
At 1/19/2012 7:50 PM, Blogger Marko said...

The distribution on some of these majors has very, very long tails - in both directions.

 
At 1/19/2012 8:34 PM, Blogger KauaiMark said...

political science & government?
...Oh, God help us

 
At 1/20/2012 9:03 AM, Blogger 434AT3M3 said...

That table is worthless as it does not discern between trust fund babies and the self made 1%.

Worthless table.

The only degrees worth paying for are physical or health science degrees.

Notice that art majors are on that list...trust fund babies for sure.

 
At 1/20/2012 10:16 AM, Blogger morganovich said...

methinks-

i think you are on to something with the hyenas idea.

crocodiles too. the tears play so well on tv and the metaphor of killing things, stuffing them under a riverbottom log until they putrefy, then eating them seems quite apt to our political process.

 
At 1/20/2012 12:09 PM, Blogger JakeW said...

I'm pretty sure that economics is the #1 major among the top tier of schools as well.

 
At 1/20/2012 12:10 PM, Blogger JakeW said...

I'm pretty sure that economics is the #1 major among the top tier of schools as well.

 
At 1/20/2012 1:53 PM, Blogger AIG said...

Well, certainly there isn't any causation here. As many of us may have experienced, rich lefty kids end up studying political science and government in disproportionate levels. Psych is also up there. Economics may be up there, but I can't speak from experience.

But of course, the best explanation why so many political science, government, psychology and econ majors are in the "top 1%"...is because these are the majors that make up the vast majority of law school recruits.
Bio and zoology are the typical undergrad degrees taken if one wants to continue into a field of medicine.

So what we've got here is...lawyers and doctors. We already knew that lawyers and doctors make more than almost any other group.

 
At 1/21/2012 12:37 PM, Blogger Hydra said...

I don't see much in the way of cause and effect here. It makes sense that those most driven by the need to obtain money, would have the most interest in learning how to go about it. Espescially f the training comes with a liberal dose of amoral philosophy.

 

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