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Degree in Finance; Good or Bad idea?
Posted on 12/14/15 at 5:54 pm
Posted on 12/14/15 at 5:54 pm
Interested in getting into investment banking or venture capitalism. Already have a diploma in history from LSU and was wondering if it would be worth it to go back and get a finance degree? Any info is helpful.
Posted on 12/14/15 at 5:58 pm to sjblsu
How old are you?
At UVA we had a Masters in Commerce. It was a one year program that allowed people with traditional liberal arts backgrounds to shift tracks.
The first semester was difficult, but the program offered great job placement.
At UVA we had a Masters in Commerce. It was a one year program that allowed people with traditional liberal arts backgrounds to shift tracks.
The first semester was difficult, but the program offered great job placement.
Posted on 12/14/15 at 5:58 pm to sjblsu
quote:
investment banking or venture capitalism
I don't see any other way to get into this field without a finance degree or a prestigious MBA. Just so you know, you're not likely to find those type of opportunities in Louisiana. You may find something in Houston, Dallas, Atlanta but will likely have to go to NYC or So. Cal.
Also, they treat their new hires like crap. 80 hour weeks are normal. I'd do major research before jumping into this field.
Posted on 12/14/15 at 6:02 pm to sjblsu
History is actually a good start for finance.
The past keeps repeating itself in finance.
The past keeps repeating itself in finance.
Posted on 12/14/15 at 6:08 pm to sjblsu
TBH...a degree in finance isn't worth shite (I have one so I would know). Get an MBA, learn financial modeling and get a 4.0 GPA and you might have a chance.
Posted on 12/14/15 at 6:25 pm to wutangfinancial
Posted on 12/14/15 at 6:49 pm to Lima Whiskey
23. I just don't know many big companies hiring history degrees over finance degrees for accounting/auditing jobs.
Posted on 12/14/15 at 6:55 pm to sjblsu
quote:
I just don't know many big companies hiring history degrees over finance degrees for accounting/auditing jobs.
I know a lot of accounting majors that are hired over finance majors for those jobs though
Posted on 12/14/15 at 6:56 pm to Porker Face
So maybe Accounting over Finance? Or one with a minor in the other?
Posted on 12/14/15 at 9:09 pm to sjblsu
Your OP said IB, the post I responded to was audit/acct. Who are your trying to work for, and what are you trying to get your degree to do for you?
I don't know shite, and I may be very wrong, but if you are based in Louisiana, I am not sure how many IB PE or VC opportunities there are for you. Not bashing it, I'm in Arkansas and it ain't exactly Wall Street South either
From my limited understanding of how it works, you basically you need to move, go to Harvard, then get your finance degree, network like hell, get in at Goldman, slave away for Goldman for a few summers, hope for a job offer from them, take it, move to NYC and work 100 hrs a week
I don't know shite, and I may be very wrong, but if you are based in Louisiana, I am not sure how many IB PE or VC opportunities there are for you. Not bashing it, I'm in Arkansas and it ain't exactly Wall Street South either
From my limited understanding of how it works, you basically you need to move, go to Harvard, then get your finance degree, network like hell, get in at Goldman, slave away for Goldman for a few summers, hope for a job offer from them, take it, move to NYC and work 100 hrs a week
This post was edited on 12/14/15 at 9:18 pm
Posted on 12/14/15 at 9:11 pm to sjblsu
Now that I'm thinking about it. A MS in acct or finance would probably be a better option
Posted on 12/14/15 at 9:23 pm to wutangfinancial
For the history major in ungrad, yeah, needs a MS Finance/Accounting
Posted on 12/14/15 at 9:58 pm to sjblsu
There aren't many (or any) opportunities in IB/VC in Louisiana..I've worked in VC for small firm in the VC industry in Shreveport, but that's about the only one I know of in La.
As far as the degree, it will open alot more doors in the job market, but probably not what you're looking for.
You can use the degree to get in to a bank and eventually you may get a chance of their investment arm, but its very competitive.
.. And if you're looking to get into a company outside of Louisiana,LSU/Tulane is your only option. Other than that, go for a more well known University outside of the state
As far as the degree, it will open alot more doors in the job market, but probably not what you're looking for.
You can use the degree to get in to a bank and eventually you may get a chance of their investment arm, but its very competitive.
.. And if you're looking to get into a company outside of Louisiana,LSU/Tulane is your only option. Other than that, go for a more well known University outside of the state
Posted on 12/15/15 at 12:20 am to sjblsu
quote:
23. I just don't know many big companies hiring history degrees over finance degrees for accounting/auditing jobs.
I think the MS would make sense for you.
Posted on 12/15/15 at 7:56 am to sjblsu
I hope it's a good idea. I am one class short of a finance degree
Posted on 12/15/15 at 8:47 am to bobaftt1212
If you know people in the industry it will pay off or if you have good grades it will work out. I think a degree in computer science is almost more relevant to get a good job in finance. But I'm pretty bitter because it hasn't worked out for me and I don't want to get an MS
Posted on 12/15/15 at 9:19 am to wutangfinancial
Learn to code, a good software engineer can pretty much name their price in certain regions these days.
Posted on 12/15/15 at 9:58 am to wutangfinancial
quote:
Now that I'm thinking about it.
id advise doing some more about that regarding what you want to do -- especially before making a large expensive plan.
Posted on 12/15/15 at 10:07 am to sjblsu
Honestly, a finance degree from a state school isn't likely to get you a job in IB or VC without some serious connections. UA has made serious strides recently with their business school (finance, econ, mis majors specifically) and I'd say at most 3 people per year get a job in IB, big 4 consulting, or VC. In my somewhat biased opinion I'd say that Alabama's business school is better than LSUs unless you're looking to get into some form of O/G IB.
Tulane numbers are inflated for the amount of graduates that get jobs on Wall Street because a lot of them are from New England and have connections that have nothing to do with Tulane.
A finance masters degree is probably your best bet. I'd look at Vandy tier schools. If you can't get into that tier, even a masters degree probably won't get you a job much better than an entry level analyst job at a regional bank.
Also assuming this interest in IB or VC is new and you haven't taken past Cal I, you're gonna have a lot of work to do to get a useful Finance degree, which would be the ones that include a modeling/analytics focus.
Tulane numbers are inflated for the amount of graduates that get jobs on Wall Street because a lot of them are from New England and have connections that have nothing to do with Tulane.
A finance masters degree is probably your best bet. I'd look at Vandy tier schools. If you can't get into that tier, even a masters degree probably won't get you a job much better than an entry level analyst job at a regional bank.
Also assuming this interest in IB or VC is new and you haven't taken past Cal I, you're gonna have a lot of work to do to get a useful Finance degree, which would be the ones that include a modeling/analytics focus.
Posted on 12/15/15 at 10:26 am to yellowhammer2098
quote:
In my somewhat biased opinion I'd say that Alabama's business school is better than LSUs unless you're looking to get into some form of O/G IB.
I'm in a competitive market and I can tell you that if your degree isn't local, it better be a top 50 school, and you better have top notch internships to be competitive for IB. VC is much harder to break into. I know of one kid from LSU that graduated with a Finance degree that got an IB offer without going to grad school. The only other person I know who is in IB from LSU had serious connections.
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