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Started By
Message
Tulane MFIN info
Posted on 3/16/11 at 7:54 pm
Posted on 3/16/11 at 7:54 pm
I've been interested in making a career change from IT to finance for some time now and I've been looking into Tulane's MFIN program. My job will be moving out of state in the next year or year and a half so I think this may be a good time to make the change.
I know there are quite a few posters on here that are familiar with Tulane's business programs. What are you hearing as far as job placement and average salaries for MFIN graduates. I ran across this pdf LINK on Tulane's site and I can't believe the starting salaries can be that low. GD is the economy that bad right now? shite, this is very discouraging. Any info is greatly appreciated!
I know there are quite a few posters on here that are familiar with Tulane's business programs. What are you hearing as far as job placement and average salaries for MFIN graduates. I ran across this pdf LINK on Tulane's site and I can't believe the starting salaries can be that low. GD is the economy that bad right now? shite, this is very discouraging. Any info is greatly appreciated!
This post was edited on 3/16/11 at 8:20 pm
2
Posted on 3/16/11 at 9:29 pm to Jason9782003
quote:
I ran across this pdf LINK on Tulane's site and I can't believe the starting salaries can be that low. GD is the economy that bad right now? shite, this is very discouraging. Any info is greatly appreciated!
Economy, Graduate glut, lots of more experienced people in the marketplace, Nola being a relatively small market...any of these could explain it.
Having said that, Tulane is the best MFIN (and MBA) in the state, so if you really want to stay in state (instead of going to a top 20 school), it's the place to go.
As someone who has already gone through the MBA process (not at Tulane btw), the best way to maximize your future earnings potential is to go to the best school that will accept you regardless of geographic location.
Posted on 3/16/11 at 11:51 pm to Jason9782003
$47,000? Ouch.
Everyone I know graduating this year(undergrad FIN at LSU) that already has a job is making right at or over that amount.
Everyone I know graduating this year(undergrad FIN at LSU) that already has a job is making right at or over that amount.
Posted on 3/16/11 at 11:58 pm to Chris Farley
quote:
Everyone I know graduating this year(undergrad FIN at LSU) that already has a job is making right at or over that amount.
Posted on 3/17/11 at 10:16 am to TulaneTigerFan
"Everyone I know with a job" does only consist of about 5 people
Posted on 3/17/11 at 10:19 am to TulaneTigerFan
quote:
TulaneTigerFan
Still butt hurt about the Brown reject comment?
I don't know anything about LSU's MFIN program, but the LSU MBA graduates going into finance are all making way more than that.
Posted on 3/17/11 at 12:05 pm to TheHiddenFlask
Yeah, $47000 w/ a MFIN is pathetic. The fact that only 47% of graduates go into financial services probably skews the numbers to the downside a bit.
Posted on 3/17/11 at 12:15 pm to Athanatos
I also think this number is skewed to the downside by the fact that so many LSU grads try to get jobs in BR/NO and likely settle for something paying much less than what they could get elsewhere.
It's pretty much imperative you go elsewhere (for the south: Houston, Dallas, Atlanta, Memphis) and then return to BR/NO if you want to be anything spectacular.
And bankers and analysts will flat out tell you this. Yet still many LSU grads simply give up on a high-paying finance career as soon as they realize they aren't getting hired in BR/NO.
It's pretty much imperative you go elsewhere (for the south: Houston, Dallas, Atlanta, Memphis) and then return to BR/NO if you want to be anything spectacular.
And bankers and analysts will flat out tell you this. Yet still many LSU grads simply give up on a high-paying finance career as soon as they realize they aren't getting hired in BR/NO.
Posted on 3/17/11 at 12:47 pm to TheHiddenFlask
quote:
LSU MBA graduates going into finance are all making way more than that.
LSU reports the average salary for MBAs going into finance to be $55,300.
Posted on 3/17/11 at 1:05 pm to lsu711
I would consider 17.7% more to be sizable at that point in one's career.
Posted on 3/17/11 at 1:42 pm to Athanatos
quote:
The fact that only 47% of graduates go into financial services probably skews the numbers to the downside a bit.
I know the financial industry has been hurting since 2008, but that's pretty sad that only 47% of grads in MFIN are using their degree in the finance industry.
quote:
I also think this number is skewed to the downside by the fact that so many LSU grads try to get jobs in BR/NO and likely settle for something paying much less than what they could get elsewhere.
The numbers I posted are for Tulane MFIN graduates, not LSU. Or are you responding to someone else?
This post was edited on 3/17/11 at 1:44 pm
Posted on 3/17/11 at 3:16 pm to Jason9782003
With no experience $47k is alright. It's not like you learned stuff in the program to dramatically effect the companies bottom line in that year. If you were making less than $60i in 5 years that wouldn't be good, but you gotta figure by that time you will have ingested enough about the company to apply some of your techniques/training. Plus, your ceiling is pretty good with that degree. Starting salaries shouldn't be the deciding factor to what you study in school. If you have the aptitude and want/need a change and you think you can succeed in finance then do it.
This post was edited on 3/17/11 at 3:19 pm
Posted on 3/17/11 at 4:15 pm to Gaston
Most people with MFINs go to work in public finance as analysts or traders or what not, not as budgeters for a fortune 500 company. That is athantos' point, those jobs pay a lot less than the financial industry jobs do, and that is probably skewing the Tulane #.
Posted on 3/17/11 at 4:16 pm to kfizzle85
Yeah, I guess a lot of hedge fund and IB jobs don't have a good salary, but the bonuses make them worth it, so that's probably pushing the number down as well.
Posted on 3/17/11 at 4:53 pm to TheHiddenFlask
Yeah, I wonder if the salaries listed are base or all in numbers. Even if it's just base that still pretty patethic.
Posted on 3/17/11 at 4:58 pm to Athanatos
quote:
Even if it's just base that still pretty patethic.
Median is a better guage, because just a few zeroes can really hurt the average.
Posted on 3/17/11 at 5:34 pm to TheHiddenFlask
unemployed hipsters Posted on 3/17/11 at 6:00 pm to Athanatos
quote:
unemployed hipsters
I'll
with you as soon as I find a job....Posted on 3/17/11 at 6:13 pm to TheHiddenFlask
Still on the search?
Posted on 3/17/11 at 6:51 pm to Athanatos
Yeah. It's getting a lot better, though.
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