How to Transition Into Data Science: From Economics to Data Science

In this video we discuss how to transition into data science. Today, we’ll be making the switch from economics and examine the good, the bad and the ugly. We’ll answer some of the most important questions running through your mind, like: “Can I”, “Should I” and “How can I” transition into data science from economics. And we’ll discuss the pros and cons before finding the best way to transition into Data Science.

Let’s start with “Can I make the transition into data science?”. 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 a competitive discipline when it comes to data science.

First, unlike STEM disciplines, social studies help develop great presentational skills which are essential for any data scientist. Through presentations and open discussions, students learn how to present a topic, as well as argue for or against a given statement. These activities result in developing a confident and credible way of showcasing actionable insights. Moreover, most econ majors deeply care about human behavior and response to different stimuli.

Furthermore, Economics frequently intertwines with Mathematics, Finance, Psychology, and Politics. Therefore, an economist’s approach is always meant to be interdisciplinary.

Finally, the technical capabilities of an economist are often quite impressive. An average economist has a good understanding of Machine Learning without really referring to it as such. Linear regressions and logistic regressions are studied in almost all Economics degrees.

365 Data Science is an online educational career website that offers the incredible opportunity to find your way into the data science world no matter your previous knowledge and experience. We have prepared numerous courses that suit the needs of aspiring BI analysts, Data analysts and Data scientists.

We at 365 Data Science are committed educators who believe that curiosity should not be hindered by inability to access good learning resources. This is why we focus all our efforts on creating high-quality educational content which anyone can access online.

#Economist #DataScience #Career

[danielkreutzjans]

Great video! As an Econ major working in data science this is a necessary video for future graduates after all Econ was the original data science .

[landonmcintosh]

My economics background is really helping me with all that. :)

[BakhriddinIndustry]

I study economics and I study python programming language and data science at home. Thanks for the video 👍🔥

[SimonaDobreva]

Oh!!! IS THIS a new series?? Transitioning to data science from economics is awesome but can you do one for transitioning from computer science please??

[richardmicah]

In my opinion, an economics graduate with a basic knowledge of programming skills and SQL can be the best data scientist. The knowledge needed for most machine learning algorithms is taught in econometrics. An economist can see beyond the raw dataset to discover meaningful behavioural and business insights. The challenge, however, is having the desire to develop these It skills.

[jihargifari]

i felt very insecure before watching this video as a fresh grads with economics bachelor degree who learn Data Science, thx to the video i am now have a stronger will and confidence to continue my learning journey in Data Science...

[jagathsuryadev]

Video is really helpful because I, m looking through a economics student to data analytics

[huxleystevenson]

Having the problem solving skills myself makes me feel really comfortable about this whole thing.

[carlosmorenom.]

I may be aiming to the hardest switch ever, from laws to data science.
Please, do a video about Data Privacy in Data Science

[alanplein]

I'm about to get my M.S degree and I've thinking about going further with my Python and R skills lately.

[lorenawilcox]

Seems that i have to put some effort on the analytical part of my work. Thanks for helping me out 365!

[martateneva]

Wow, I had no idea Econ graduates had so much going on!

[zaharius]

Informative clip, great visuals and quite inspiring. Thank you!

[zahedulislam]

Please make a video-
Transition from Accounting to Data Science 🙏❤

[tessmiccio]

On which part of the transitioning is best to focus?

[gabrielmonet-alarcia]

Economics class of 2019. I only found a job as a secretary because no one wanted to give me a chance. I’m searching for a job since January. How can a new bachelor like me do to get a job?

[jamiainaga]

Hello 365 Data science Team. Can you plz make videos (Paid or free courses) for Econometrics? Your team are super awesome.

[shahzaibkhan]

I am planning to do bachelor's in economics with data science ....
Will it be a good step ????

[christianking]

Using social science advantage sounds really important tho..

[Ayeshafayyaz-rw]

Kya ics economics waly data science main ja skty hn ?😊