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

👉Sign up for Our Complete Data Science Training with 57% OFF: https://bit.ly/3sJATc9
👉 Download Our Free Data Science Career Guide: https://bit.ly/47Eh6d5

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.

► Consider hitting the SUBSCRIBE button if you LIKE the content: https://www.youtube.com/c/365DataScie...

► VISIT our website: https://bit.ly/365ds

🤝 Connect with us LinkedIn:   / 365datascience  

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.

Check out our Data Science Career guides:    • How to Become a... (Data and AI Caree...  

#Economist #DataScience #Career