| each year 50-70 people major in economics, so it is one of the most popular majors (no.3 or 4). The department offers diverse qualitative courses, which is pretty broad compare to other top LACs.
The job perspective is good-- about 4-5 people get jobs from top banks, and 5-10 others get into middle market investment bank/finance firms. This year the market is really bad, and this result is pretty good. Generally econ majors all get hired if they seek jobs. Most of the majors work in the twin cities area, and Carleton is well known here.
In terms of consulting firms though, Carleton is pretty unknown, and is almost impossible to knock open doors like McKinsey, BCG and Bain. 2nd tier consultings like Deloitte, or 3rd tier L.E.K, do come to campus to recruit. Each year each of them take about 1 student. Since less people want to do consulting, it is pretty good result too.
Generally the econ majors do quite well, and find Wall Street jobs thru alum connections. But very few firms come to recruit, and Carleton is unknown outside of Minnesota, so sending resume online may not be effective.
In terms of PhD production, due to the lack of higher level quantitative courses, Carleton has a huge disadvantage compare to big universities. The faculty interaction is a plus, but to overcome the disadvantage of having mostly qualitative courses, Carls have to take much more personal initiatives to get into top PhD programs (top 10). Some of the efforts include taking terms off and study grad level courses at universities (the nearby U of M is a good source).
Last edited by flyshow; 04-06-2008 at 11:36 PM.
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