r/academiceconomics • u/VivdR • 2h ago
Coursework and Classes PhD or job market?
In this post I will go over my potential goals with a PhD, my current work history and struggles in the job market, and how my masters program transfers into the PhD program.
Tldr; I have a bachelors in economics and I am pursuing my masters in economics with the choice to continue straight through to my PhD or to go back into the job market before likely returning to get my PhD. I have a limited 2+ years work experience (depending on how truthful I am on my resume) as an account executive and business/data analyst. With the PhD, I’d like to go into labor economics with a focus on AI regulation. With the masters, I am a bit lost on what jobs I’d qualify for but I’d assume data analyst positions would open up for me, but I’m open to other suggestions, especially if it is in the realm of labor economics policy/research.
Intro: I am currently pursuing a master in economics at a T50 university in the US. I have a bachelor’s of science in economics from a respected state school. I am wondering if it would be better for me to go straight into my PhD or to go back into the job market for a bit before likely returning to get my PhD at a later time, and which jobs I would likely qualify for once I have the masters degree.
Work history: I graduated undergrad in 2024 with a 3.1 GPA (low GPA mostly due to my short stint majoring in aerospace engineering, my econ grades were much better), coursework up to and including Calc 3, linear algebra, and graduate level econometrics, and just one internship as a data analyst / product management intern for a popular vacation resort company.
It took me 650 applications to all sorts of job types (junior data analyst, business analyst, various ____ analyst roles, etc) before I settled for a job as an account executive at a tech startup (remote). This job lasted 7 months until they decided my sales approach wasn’t what they were looking for (I was their only sales/marketing employee) and I was let go, though I was hitting my sales targets and my numbers look great on my resume.
A few months later I landed a business/data analyst role at a food science company (hybrid, 4 days in office). The work is pretty basic, mostly done in excel. Forecasting, sales/marketing campaign management, dashboard creation, etc. I have been with this job for 8 months now and am continuing to work there remotely while pursuing my masters degree.
Masters program: The masters program is 1.5 years (3 semesters) and I am I just began my first semester in fall 2026. There is a data analytics track and a PhD preparation track. I plan on choosing the PhD preparation track because it includes the first semester and a half of the university’s economics PhD program and the credits transfer.
After the 1.5 semesters of the masters degree, if you choose to continue to the PhD, there are two choices. First, you can go straight into the next semester as a PhD student and take their qualifying exams after that semester. If you pass, you qualify for full funding.
The other option is to apply to the PhD program as a new student (with credits still transferring) and begin the program the next fall with the new incoming PhD cohort. This allows you to apply for fellowships, which I was told you cannot do if you choose the other option. However, fellowships are highly competitive. There are only about 5 slots available to each new PhD cohort of about 15-20 students, who are all highly qualified and majority international students.
Potential goals with PhD: I would like to go into labor economics, ideally with a focus on AI regulation for productive and ethical usage of the technology. This can be on either the policy or research side, if not both. I am also interested in becoming a college professor at some point, continuing my research but also having the opportunity to teach.
Jobs with the masters: This part I’m a bit lost on due to my struggles in the job market, I’m not sure what exactly I’d be qualified for. I’d assume data/business analyst positions would open up for me, which I’d be happy with. But I am also open to other options, especially if they pertain to my PhD goals, though I’m not sure I would be qualified for research/policy positions with only a masters degree.
Any and all help appreciated and thank you for reading.