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re: 13 most useless majors

Posted on 4/24/12 at 11:07 am to
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/24/12 at 11:07 am to
May be true in many facets of the world, not true in finance, not at all.
Posted by siliconvalleytiger
Bay Area, CA
Member since Apr 2004
31160 posts
Posted on 4/24/12 at 11:07 am to
quote:

I've never met a financial auditor without an accounting/finance degree


E&Y and Deloitte are full of them. I know many of them personally who graduated from LSU. And they're doing very well career wise. They did take finance courses (Audit program at LSU) but aren't finance majors per se.
This post was edited on 4/24/12 at 11:10 am
Posted by reb13
Member since May 2010
10905 posts
Posted on 4/24/12 at 11:09 am to
Is that a testament to lsu's lack of finance network though? Assume you could get into UT and/or Georgia Tech, they are going to have much better networks than lsu with a similar price tag.


ETA: I just picked random schools, but there are many more "cheap" options.
This post was edited on 4/24/12 at 11:10 am
Posted by siliconvalleytiger
Bay Area, CA
Member since Apr 2004
31160 posts
Posted on 4/24/12 at 11:10 am to
Georgia Tech might. If UT means Texas then a definite yes.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/24/12 at 11:15 am to
LINK

quote:

Out-of-state: $47,426


LINK

quote:

Out-of-state: $36,688


Similar to LSU? Nope. Similar to Tulane? Yep. And yes, I'm sure their networks are equally strong in their respective regions. UT does fine here, but there's so many of them here to begin with I'm not sure its as big of an advantage as you might otherwise think. eta: 95% of my office is UT grads.
This post was edited on 4/24/12 at 11:16 am
Posted by reb13
Member since May 2010
10905 posts
Posted on 4/24/12 at 11:20 am to
Lsu out of state is very close to those numbers....

ETA: like I said 31-37k for out of state LINK
This post was edited on 4/24/12 at 11:27 am
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/24/12 at 11:26 am to
LINK

quote:

Out-of-state: $31,468


You're an accounting major right? You think 47 and 31 are close to each other? 36 you might be able to justify but GT's business network isn't nearly as strong as UT's. I'm really not sure what the point of this is though, Tulane is obviously a lot closer to UT and GT than it is to LSU in terms of its ability to get its kids recruited in this particular field...you're just supporting my point.
This post was edited on 4/24/12 at 11:27 am
Posted by reb13
Member since May 2010
10905 posts
Posted on 4/24/12 at 11:27 am to
All I was alluding to was that while Tulane is better than lsu it still doesn't mean it is worth the price tag.

ETA: I will admit also that if you are choosing between these schools lsu would most likely be offering the most in terms of scholarship so that would help. Also I will admit I might have a geography bias
This post was edited on 4/24/12 at 11:32 am
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/24/12 at 11:38 am to
I don't understand your argument. LSU is still (no discounts) expensive out of state, therefore Tulane is overpriced?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/24/12 at 11:40 am to
And I really have no desire to try and defend Tulane as some high and mighty bastion of financial knowledge. Its not, they just have a better netowrk, that's all there is to it. Whoever might respond please note that this is industry specific, I'm not talking about petroleum engineering, I'm talking about what THF said.
This post was edited on 4/24/12 at 11:42 am
Posted by reb13
Member since May 2010
10905 posts
Posted on 4/24/12 at 11:41 am to
Relative to UT and GT yes, IMO. UT has a bigger and better network than Tulane and it is around the same price. So Tulane is not "worth" as much as UT. Thus making it over priced.
ETA: my point is that Tulane is not worth 40+k for a finance degree.
This post was edited on 4/24/12 at 11:45 am
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/24/12 at 11:43 am to
If you prefer to think of it in absolutes like that, I suppose I can't argue with you.
Posted by LSU0358
Member since Jan 2005
7920 posts
Posted on 4/24/12 at 11:51 am to
quote:

But I wonder what the Mechanical Engineering unemployment is. When you include the people that graduate with a 2.1 GPA.


If an engineer can't find a job right now, he is either totally incompetent or lazy. GPA pretty much wouldn't matter with any experience and any social skills.
Posted by siliconvalleytiger
Bay Area, CA
Member since Apr 2004
31160 posts
Posted on 4/24/12 at 12:03 pm to
quote:

If an engineer can't find a job right now, he is either totally incompetent or lazy. GPA pretty much wouldn't matter with any experience and any social skills.


I think it depends on the region. Engineering seems to be a lucrative profession in the South (Texas/LA/MS/AL) but out here in the bay area it really is not. Compared to tech salaries, heck compared to most salaries, traditional engineers around here are very poorly paid. Even the experienced ones. Very few move up the ranks and make good money. I do think a lack of social skills has a lot to do with this.

Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15054 posts
Posted on 4/24/12 at 12:41 pm to
quote:

The business grads that went to law school have a much higher success rate than poli sci/history/etc. as they have an extra set of useful skills, as opposed to a journalism undergraduate who knows how to write and has a law degree.

Link? This would surprise me. Knowing how to write is probably the single most useful skill to have in law school. The big problem with LSU business majors is that they really never do require you to do long-form writing. As a lawyer, writing is 80% of what you do on a day-to-day basis. (The other 20% is kissing your clients' arse).
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/24/12 at 12:56 pm to
I think this is defining "success rate" to thinly. I have several friends that were business undergrads who work in corp fin jobs in Houston and/or NOLA, but the guys who didn't have business undergrads aren't necessarily any less successful, they just work in a non-corpfin line of law. And as someone who reads more partnership and operating agreements than should be required of anyone, the vast majority of yall write like Shakespeare. The semicolon is not excuse to write a one page long sentence.
Posted by NukemVol
Member since Jan 2010
1636 posts
Posted on 4/24/12 at 1:07 pm to
quote:

If an engineer can't find a job right now, he is either totally incompetent or lazy. GPA pretty much wouldn't matter with any experience and any social skills.


Completely untrue. There is a large percentage of recently graduated engineers looking for work. Not as many as liberal arts majors, but to say that they are lazy is pretty stupid. I know many 3.0+ engineers who are having trouble. Eventually they find work, but it could take up to a year for some.

edit: I know this because it took me 3 months, and a couple of others I know 9 months. And it's not a matter of credentials. We aren't as in demand as people think (just more than others). If people aren't hiring it doesn't matter what your social skills are.
This post was edited on 4/24/12 at 1:10 pm
Posted by barry
Location, Location, Location
Member since Aug 2006
50382 posts
Posted on 4/24/12 at 1:20 pm to
My wife gets upset cause I tell her going to LSU for graphic design was a complete waste of money and there its not suited for conventional class room college. She didn't amass any debt but still.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 4/24/12 at 1:23 pm to
quote:

How about we list majors that are worth going to private school (non-ivy) for.

I'll Start: Finance


Personally I think the major doesn't matter as much, it's the student. The major may affect how quickly you can be successful, but if you are motivated, market yourself well, etc. etc. you could be a millionaire without a degree at all.

Signed, Bill Gates

ETA: I'll add that motivated people who are likely to do well will tend to pick majors like Finance, but that is just selection bias.
This post was edited on 4/24/12 at 1:25 pm
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 4/24/12 at 1:24 pm to
quote:

I know this because it took me 3 months, and a couple of others I know 9 months. And it's not a matter of credentials. We aren't as in demand as people think (just more than others). If people aren't hiring it doesn't matter what your social skills are.


Well, considering any college senior should start their job search right in the fall, it sounds like almost everyone that handled their business graduated with a job.
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