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Posted on 6/16/09 at 6:23 pm to kfizzle85
NAH it's true...in Texas we have 3-4 top 25 accounting programs(depending on what rankings you are looking at)...some of those programs get their kids cherry picked by NYC Investment Firms...i know a few of those lucky bastards..i will be handing them my resume some day.
This post was edited on 6/16/09 at 6:46 pm
Posted on 6/16/09 at 6:40 pm to BaylorTiger
If you say so.
Posted on 6/16/09 at 7:34 pm to kfizzle85
quote:
ETA: I highly doubt the second part of that, unless they went to an Ivy league and work in NYC.
+22
fwiw i know a lot of people that work in those industries, some that actually interview new hires now, and from what i'm told it is very difficult to break in with an accounting degree even from a target school
Posted on 6/16/09 at 7:41 pm to kfizzle85
quote:
I'm an Accounting grad student fwiw. I just know that I know several people who majored in some type of engineering that were average students with no experience, and got great paying jobs directly out of college.
I have a degree in Mechanical Engineering, but I went to work in the oilfield and then the IT industry. If I could do things over, I might have stayed in school for at least a Masters.
Posted on 6/16/09 at 7:45 pm to TulaneTigerFan
quote:
the brightest acc. majors...the REALLY smart and motivated ones are Investment bankers
This was my response to some one talking about Engineering Outliers making a lot more than others...i was pointing out that there are Accounting Outliers that make a lot more than others...it has now turned into me defending myself...
believe me or don't. It wont change the fact that I personally know people who were Accounting Majors in the state of Texas and now work in NYC for investment banking firms...
Looks like i need to go back to just reading the money board...
Edit: *sigh*...
This post was edited on 6/16/09 at 7:54 pm
Posted on 6/16/09 at 7:49 pm to BaylorTiger
Well fwiw that's not what I meant. I meant that there was a few engineers I know who make a ton of money relative to other engineers. It wasn't a comparison to accountants at all. I only know one dude who works for an i-bank in nyc, and he went to W&L and majored in political science. I know plenty of people who went to school in Texas that work for major banks in Texas (mostly Wells Fargo) though.
Posted on 6/16/09 at 8:05 pm to kfizzle85
i don't think an accounting degree is necessarily any more advantageous for sell-side finance than engineering, or really almost any other degree for that matter. outside of the finance/econ people they recruit the best and the brightest from any majors, although quantitative fields like engineering definitely provide an edge. i know a few people with degrees in engineering and biology that work in NYC at i-banks or asset management firms. so no, i really don't think opening doors to i-banks is really an advantage when comparing accounting and engineering degrees.
eta: and i say this as someone working in accounting with an accounting degree. not trying to hate
eta: and i say this as someone working in accounting with an accounting degree. not trying to hate
This post was edited on 6/16/09 at 8:06 pm
Posted on 6/16/09 at 8:19 pm to TulaneTigerFan
Don't disagree with you in any way...
as i said...someone mentioned some engi's coming out of school making alot more then other engi's...
I pointed out the same thing happens in accounting...
i gave an example...2 posts were made saying that it was not true...i posted in response...
I was just glad there was something on the money board I thought I could contribute to...obviously I was wrong
as i said...someone mentioned some engi's coming out of school making alot more then other engi's...
I pointed out the same thing happens in accounting...
i gave an example...2 posts were made saying that it was not true...i posted in response...
I was just glad there was something on the money board I thought I could contribute to...obviously I was wrong
Posted on 6/16/09 at 8:28 pm to TulaneTigerFan
I mean I think it depends on specifically what position you're talking about. If you're looking for a quant, then yeah, anything math is going to get you in the door. But more fundamental stuff, I would expect a person with a business degree to have a much more likely chance of getting a job. It's a hard field to break into in any respect, and obviously magnified given the current conditions, which are probably more permanent than not.
At the same time, this is a really generalized conversation and really went astray; I'm just speaking from my experience, and really just in regards to starting salaries of engineers versus business degrees in general. I don't deny that a kid with a 4.0 from UT has different opportunities available to him than of what is typical for the people I know. I don't personally have even the slightest regret in choosing accounting as a major.
At the same time, this is a really generalized conversation and really went astray; I'm just speaking from my experience, and really just in regards to starting salaries of engineers versus business degrees in general. I don't deny that a kid with a 4.0 from UT has different opportunities available to him than of what is typical for the people I know. I don't personally have even the slightest regret in choosing accounting as a major.
Posted on 6/16/09 at 8:29 pm to BaylorTiger
I already said that wasn't what I was saying. Chill out man.
Posted on 6/16/09 at 9:39 pm to kfizzle85
Go for marketing. FTW.
Posted on 6/16/09 at 9:51 pm to BaylorTiger
quote:
I was just glad there was something on the money board I thought I could contribute to...obviously I was wrong
you're making me feel bad now
i didn't mean to bite your head off or anything. i apologize for hijacking the thread and going off on an engineering/accounting/i-banking tangent. that job market and industry interests me and i like discussing it. i didn't really mean to offend you
Posted on 6/17/09 at 5:46 am to TulaneTigerFan
I think it's much easier to get the engineering background and then go on to learn the accounting side of business than vice versa. There are plenty of CEO's that were engineering undergrads and have their MBA or other business masters.
Posted on 6/17/09 at 11:03 am to BayouBengal521
I graduated from LSU in ISDS-MIS in 1999 and went to work for E&Y Management Consulting. I did that for a short time and then joined a small software/consulting company in the energy industry (mainly deregulated electricity, or energy trading). I love my job. We build software for large energy companies and I have a very good work/life balance. I would also have to say that we pay very well. There is still a high demand for software people and especially those that have business experience or knowledge in the energy industry.
Our software users include a lot of energy traders for big energy companies and trading can be very lucrative for a few at the top of the game, but you better be ready for a fast-paced, cutthroat world if you want the big bucks. It probably rules out the ease/family time aspect you are looking for.
Our software users include a lot of energy traders for big energy companies and trading can be very lucrative for a few at the top of the game, but you better be ready for a fast-paced, cutthroat world if you want the big bucks. It probably rules out the ease/family time aspect you are looking for.
Posted on 6/17/09 at 11:09 am to TulaneTigerFan
quote:
i don't think an accounting degree is necessarily any more advantageous for sell-side finance than engineering, or really almost any other degree for that matter. outside of the finance/econ people they recruit the best and the brightest from any majors, although quantitative fields like engineering definitely provide an edge. i know a few people with degrees in engineering and biology that work in NYC at i-banks or asset management firms. so no, i really don't think opening doors to i-banks is really an advantage when comparing accounting and engineering degrees.
This guy knows what he is talking about.
For sales (or buy side jobs) they want someone who is INTELLIGENT and HARD WORKING, regardless of major. If anything, they want engineering guys for trading jobs because they are very competent at upper level math. Accounting is literally ZERO math at all (we divide and it gets crazy)
That being said, it would be idiotic to major in anything other than accounting unless you are going to a top 10 institution. You don't have to do accounting upon graduation, but it definitely opens the most doors for you in the future.
Posted on 6/17/09 at 11:10 am to TheHiddenFlask
quote:
Go for marketing. FTW.
Please tell me this is a joke.
Posted on 6/17/09 at 1:44 pm to southernstunna
marketing is out of the question
Posted on 6/19/09 at 3:35 pm to southernstunna
quote:
Please tell me this is a joke.
Hence the FTW at the end....
I'm concentrating on Finance, but I have a feeling internal audit might be the way I should go.
Posted on 6/19/09 at 4:43 pm to TheHiddenFlask
Finance = more interesting than acct, eh Hidden?
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