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Would like opinions on a potential change in majors.

Posted on 9/17/14 at 8:19 am
Posted by HoLeInOnEr05
Middle of the fairway
Member since Aug 2011
16834 posts
Posted on 9/17/14 at 8:19 am
I am currently majoring in Chem Engineering. Here is my situation. I am 29, married, and we have a two year old. I am learning that between work, and family life, I don't have the time available to study like I need to. I have been weighting my option, and am thinking about switching majors. My question... Would I have a harder time getting a job in finance if I completed an online degree and maintained a good GPA? If online is something I could do, is one online program better than another? Thanks for those who take the time to read this.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 9/17/14 at 8:29 am to
It's hard for high GPA kids from LSU To get a job in finance.

Bad bad bad move. You would need to get a couple levels of CFA under your belt to legitimize your resume, and if you have trouble making time for studying now, don't even think about the CFA.

ETA: autocorrect butchered that.
This post was edited on 9/17/14 at 10:10 am
Posted by LSUAfro
Baton Rouge
Member since Aug 2005
12775 posts
Posted on 9/17/14 at 8:34 am to
quote:

I am currently majoring in Chem Engineering
Do you not like ChemE? Engineering > Bschool at LSU.
Posted by HoLeInOnEr05
Middle of the fairway
Member since Aug 2011
16834 posts
Posted on 9/17/14 at 8:39 am to
I love it... but getting in to the "meat and potatoes" courses, I just don't have the time to study. The basic courses were a breeze.
Posted by Spitting Venom
Member since Sep 2013
1110 posts
Posted on 9/17/14 at 8:43 am to
quote:

don't have the time to study
quote:

15180 posts
Posted by HoLeInOnEr05
Middle of the fairway
Member since Aug 2011
16834 posts
Posted on 9/17/14 at 8:50 am to
Ummm... that is over a 3 year span, but preciate your concern in my post history.
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 9/17/14 at 8:52 am to
Tough it out is my advice.

If you make it out you can definitely get a job with a chem e degree.

With a business degree you will most likely start much lower on the pay scale.
Posted by yellowfin
Coastal Bar
Member since May 2006
97632 posts
Posted on 9/17/14 at 8:54 am to
yeah it's gonna be tough to suppose wife/kid on an entry level finance job
Posted by LSUEEAlum
Member since Oct 2013
797 posts
Posted on 9/17/14 at 8:59 am to
I am 29, married, with a 2 year old as well. Couldn't imagine going through school in engineering right now. Glad I got it out of the way early. But like the above poster said I would stick it out. Might be rough for a couple years but you will have a high paying job for life and provide your family with everything they would need or want. Nice house, nice vacations, etc.
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 9/17/14 at 9:25 am to
Are you doing full time classes? I went back to school when my first kid was not even a year old, and I worked full time. I just took 2-3 classes at a time. It was a struggle, but I made it work. If Chem Engineering is what you love, I'd stick with it and just find a way to make it work. If you have an engineering mind, my guess is you'll be bored out of your skull at a finance job. And what's 1-3 more years of school 10 years from now when you're doing a job you enjoy and providing a good life for your family?
Posted by polizei11
Houston
Member since May 2009
1135 posts
Posted on 9/17/14 at 9:29 am to
You will be a lot better off if you stick it out. If your wife isn't on the same page and doesn't support knuckling down for a few years, then you should switch majors.
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 9/17/14 at 9:29 am to
I'm 28 with an ME degree. My son is actually due today, so although no kids yet, I'm gearing up for it. Studying would be difficult with that life. But if I didn't have a job while doing it, I could get through it. If you devote 8 hrs a day to studying and attending class, that should be enough work to get through it and that's the same as having a full time job. You just have to be disciplined. I got by on a lot less effort, but i could cram for 2 days before a final. The engineering degree is 100% worth it. Upward mobility is EASY with the degree. Even outside of engineering jobs.
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 9/17/14 at 9:32 am to
I recommend showing the wife some research on what a chem eng major makes straight out of school vs a business major out of school to get her to buy in more if that's an issue.

It will be worth it in the long run financially, but it will suck right now, and I can relate.

I have a small child as well and am studying for the PE and it sucks BAD, but it is worth it to me to tough it out and get it done.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37081 posts
Posted on 9/17/14 at 9:34 am to
What would you do with this finance degree? Work in a bank... crap pay for a while. Work for a big company? The hours you will be putting in will be much more than the hours you need to take Chem E classes.

What are you doing right now for work?

Just remember, the best degrees take the hardest amount of work. You might be able to study less with an online finance degree, but is it going to be worthless when it comes time to get a job?
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5600 posts
Posted on 9/17/14 at 10:13 am to
I have a somewhat similar story to you outside of timing, so here is my experience:

I was originally a particle physics major at Arkansas. I still love the material and still read everything I can about CERN and the new happenings with the accelerators. I went to my honors professor freshman year and asked what I could do with a particle physics degree from Arkansas, expecting her to say something along the lines of "Well if you get your PhD and get some great papers published you could go work at CERN or FermiLab if it gets started again". The answer was essentially either 1) teaching or 2) sitting in a cubicle with my thumb up my arse waiting on grant money.

So the same day I switched to finance. I always loved markets but always saw how depressed my dad was about the markets (later realized that's just my dad, not the markets). By a stroke of luck, and I mean MAJOR stroke of luck, same representatives from one of, if not the, top investment firm in the world came to Arkansas for, what I found out later, a meeting with our foundation in which they said they'd interview some kids from our senior portfolio management class. 3 in person, 2 phone, and 1 final 7 hour in person interview later I got an offer years ago and still work for this firm.

I tell you this story as a means of saying that although it is very possible for you get the type of job in finance you're probably envisioning coming from engineering, the deviation in jobs/pay in finance is drastically higher than engineering. The large majority of my colleagues are Ivy leaguers, not because they are more prepared than you are by any means, in fact in my experience most of the kids that make it from "non-target" schools are actually much better as they have chips on their shoulders. They Ivy league situation has a lot of political strings attached I won't go into here.

All in all my opinion would be:
1) frick online classes, what will distinguish you in an interview coming from a non-target school is applicable financial knowledge & experience. Online classes give you none of this.
2) Learn more about what actual degrees people are getting from your university in finance.
3) Take the results of #2 and truly decide if that's what you want to do.
4) Visit #3 over and over again, if you're not happy with what you do you'll leave the profession. Do what you love and money will come.

If I had to say I'd tell you to stick with ChemEng. Finance is a crapshoot, especially now with regulation and the overall industry shrinking. If you want to be guaranteed a job in finance, work towards financial compliance because that is the fastest growing industry BY FAR. You've got responsibility now and ChemEng will suck arse, but pretty much guarantee you a solid career given you finish with a solid GPA. If you were younger and you were very curious about finance, I'd say by all means switch. That isn't your situation.
Posted by barry
Location, Location, Location
Member since Aug 2006
50341 posts
Posted on 9/17/14 at 10:48 am to
Stick it out.

Even with a 2.5-3.0 GPA in Chem Eng, you can get a good job.
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3795 posts
Posted on 9/17/14 at 11:44 am to
ChemE by far. Assuming your math, physics, and chems were easy enough to assure you will be successful in ChemE, stay with it.

Either devote the time and suck it up, or drop a few classes and lengthen the degree. Take shite online you can, and summer classes. There's no doubt you can handle 1-2 core classes a semester with a job and baby.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67075 posts
Posted on 9/17/14 at 2:22 pm to
Jobs in finance are few and far between even with a great GPA from a premier institution. Stick with Chem Engineering and do whatever it takes to get that degree. If that means hiring tutors to better learn the material, do it. If that means hiring sitters to help take care of your kids, do that. How far into the Chem Engineering program are you? Are you through statics? Organic Chem?
Posted by hiltacular
NYC
Member since Jan 2011
19675 posts
Posted on 9/17/14 at 3:24 pm to
quote:

I love it... but getting in to the "meat and potatoes" courses, I just don't have the time to study. The basic courses were a breeze.


I can say from first hand experience that ChemE required me to study my arse off whereas my finance/mgmt/business counterparts didn't have a care in the world. Not sure if that helps you at all tho.

I could probably give better advice if I knew what school you were at and exactly how many credits into it you are.

Obviously on average ChemE's make more money than anything dealing with finance.
This post was edited on 9/17/14 at 3:27 pm
Posted by lnomm34
Louisiana
Member since Oct 2009
12609 posts
Posted on 9/17/14 at 3:47 pm to
Have a buddy who has a ChemE degree. He squeaked by with a low GPA and is knocking down a healthy salary.

Stick with ChemE.
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