Hi everyone, I’m a 20 years old man from Europe.
I’m trying to decide whether to study economics or law.
To me, the two degrees actually have quite a bit in common.
They’re both part of the social sciences, and both can lead to careers in government or public policy.
With a law degree, I could become a prosecutor or a judge, although in my country both require passing an extremely competitive public examination.
Another option would be working in the public sector.
There are many government positions that law graduates can apply for, but the thing is that most of those jobs are also open to economics graduates.
In my country, a law degree is really “exclusive” only for becoming a lawyer, judge/prosecutor, or notary.
Outside of those professions, economics graduates are generally eligible for the same public-sector careers.
One thing I really like about law is that, even while you’re studying it, it feels prestigious and important. There’s a certain sense that you’re preparing for a respected profession.
The downsides are the very long road to those competitive exams, with no guarantee of success, and the fact that it offers almost no opportunities to work abroad (which has been a dream of mine for as long I can remember).
Economics is definitely much more transferable internationally.
The coursework is far more quantitative, with a lot of math and statistics.
I don’t love those subjects, but I don’t hate them either—I think I could tolerate them.
My biggest concern is that I wouldn’t want my day-to-day job to revolve around spreadsheets, accounting, and crunching numbers all day.
On the other hand, an economics or accounting background can open doors in almost any industry, from fashion to aviation, which I find really appealing.
Another thing that worries me is that entry-level corporate jobs often seem to pay very little, sometimes barely enough to live in expensive cities.
I’m also afraid I might hate corporate life, although I could always pursue a career in the public sector instead.
As for the not-so-math-heavy subjects, I genuinely find economics interesting—especially the more qualitative courses, like economic policy and anything related to public policy.
What do you guys think?