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re: Business Major
Posted on 6/25/09 at 7:13 am to TulaneTigerFan
Posted on 6/25/09 at 7:13 am to TulaneTigerFan
quote:
soliman soliman
The feeling is mutual.
0
Posted on 6/25/09 at 11:03 am to BayouBengal521
I did the LSUCIA program. Some really good internships come from that and the program sets you up with all the interviews. I got to do international travel on my internship and was paid $18/hour. Plus there's a pretty big demand for internal audit right now. Not the most exciting work in the world, but good if you want to move up in a company because in internal audit you learn a lot about all the different business processes.
Posted on 6/26/09 at 11:10 am to kfizzle85
The best high-end earning potential is in investment banking so if you're purely going for dollars and don't mind working REALLY hard I would go finance and take the internal audit program. Internal audit could get you into a firm on Wall Street and might enable you to make the right connection to get into investment banking.
I'm not a big fan of an undergraduate business degree unless you intend to specialize in accounting/banking/finance, etc. In most other corporate jobs the high risers have to get MBAs which render an UG business degree worthless anyway. An MBA coupled with a degree that gives you an actual skill (like engineering) or that teaches you to actually think for yourself (philosophy, economics) gives you a deadly competitive edge.
I'm not a big fan of an undergraduate business degree unless you intend to specialize in accounting/banking/finance, etc. In most other corporate jobs the high risers have to get MBAs which render an UG business degree worthless anyway. An MBA coupled with a degree that gives you an actual skill (like engineering) or that teaches you to actually think for yourself (philosophy, economics) gives you a deadly competitive edge.
Posted on 6/26/09 at 12:03 pm to ShreveportTiger07
Economics is the most overrated major IMO. I don't understand the 'esteem' that comes along with that major--and I am one!
Economics is just an academic, theoretical look at business.
Business is what has practically been developed from Economics.
Economics is just an academic, theoretical look at business.
Business is what has practically been developed from Economics.
Posted on 6/26/09 at 1:23 pm to ShreveportTiger07
I would say the odds of you transitioning from a internal auditor into investment banking are really, really, really low.
Posted on 6/26/09 at 8:53 pm to kfizzle85
I would agree. Investment banks don't want internal auditors, they want 22 year old Ivy league grades for their analysts, and especially ones who are willing to devote 80-100 hours a week to their job.
Posted on 6/29/09 at 1:46 pm to kraftcheese
quote:
I did the LSUCIA program. Some really good internships come from that and the program sets you up with all the interviews. I got to do international travel on my internship and was paid $18/hour. Plus there's a pretty big demand for internal audit right now. Not the most exciting work in the world, but good if you want to move up in a company because in internal audit you learn a lot about all the different business processes.
This is my plan. From what I hear, it seems to be the best way to go if you're a business major. It's just a lot of work and a pretty big commitment.
Posted on 6/29/09 at 3:41 pm to Tigerbait46
Economics degrees seem useless, unless you're lucky. The obvious choice, in hindsight, seems to be Accounting. TONS of jobs in accounting and these days if you have your CPA you are guaranteed a good job. Auditing specifically is easy to get into. When I was in school, I didn't realize what a demand there was for auditors. While in school you can also land a sweet internship with one of the big 4 in various major cities around the country (or London).
This post was edited on 6/29/09 at 3:44 pm
Posted on 6/29/09 at 5:55 pm to kfizzle85
quote:Please convince my roommate to get his master's in accounting or CFA. He needs some motivation from you.
kfizzle85
Posted on 6/29/09 at 6:27 pm to saderade
Is he still mulling law school? I hollered at him on Friday about going out but he never called me back (which turned out okay because I would have had to bail anyway).
Posted on 6/29/09 at 10:16 pm to kfizzle85
He isn't serious about law school, he just has the Peter Pan syndrome.
Posted on 6/29/09 at 10:47 pm to saderade
quote:
he just has the Peter Pan syndrome.
This might be sig material.
Posted on 7/1/09 at 12:40 am to lynxcat
quote:
Derivatives...you're talking about Calculus? I've taken both it, and a managerial economics class where you learn a lot with Lagrangians, Cournet, Bertrand, Stackleburg, etc. I am assuming that is what you are referring to?
quote:
I'd imagine he is talking about financial derivatives. like options, futures, and swaps.
That.
quote:
What kind of pre-reqs does it take for a CFA (Chartered Financial Analyst, correct?). I've read a little bit about it, but I don't know too much. Any detail would be appreciated.
The only pre req for taking the tests are a college degree (You can take it as a graduating senior as well). They send you all of the material you need to study. It's basically a big overview of finance undergrad.
Posted on 7/1/09 at 12:51 am to TheHiddenFlask
quote:
The only pre req for taking the tests are a college degree (You can take it as a graduating senior as well). They send you all of the material you need to study. It's basically a big overview of finance undergrad.
What kind of possibilities does it open in the job market?
Thanks!
Posted on 7/1/09 at 12:54 am to TheHiddenFlask
quote:
I know that Finance majors at LSU have to take I and II, but I don't think that would assist you much in the CFA, to be honest. TheHiddenFlask will probably have a much better answer for you in that regard.
It certainly helped a lot. Financial Statement Analysis was the biggest section on the whole test. It was also the most difficult material in the whole book.
quote:
Not sure whether I will take I.A. II or not. Is it worth taking?
It really sucks, but it's really worth it. Not nearly as bad as Int. ACCT I, IMO.
quote:
I got around the checking our course catalogue to see what classes covered derivatives, etc so that I can at least learnt he basics for all of that.
Good call. It was the most interesting and useful class I took in college. You won't regret it.
Posted on 7/1/09 at 12:56 am to lynxcat
quote:
What kind of possibilities does it open in the job market?
It will put you head and shoulders above most candidates for any investment analysis job.
It's a great thing to have on your resume for any job because of the code of ethics that comes along with the charter and it shows that you are the kind of person that is willing to bust arse in order to get something that you want.
Posted on 7/1/09 at 1:01 am to TheHiddenFlask
quote:
It certainly helped a lot. Financial Statement Analysis was the biggest section on the whole test. It was also the most difficult material in the whole book.
Good to hear. Financial Statement Analysis is probably the area my degree focuses the most.
quote:
It really sucks, but it's really worth it. Not nearly as bad as Int. ACCT I, IMO.
I'll suck it up and take it then.
quote:
Good call. It was the most interesting and useful class I took in college. You won't regret it.
International Finance seems to be the course that covers a lot of this material. I found that kind of interesting.
Posted on 7/1/09 at 1:04 am to TheHiddenFlask
quote:
It will put you head and shoulders above most candidates for any investment analysis job.
It's a great thing to have on your resume for any job because of the code of ethics that comes along with the charter and it shows that you are the kind of person that is willing to bust arse in order to get something that you want.
I don't know how much it would really help me in the field I want to enter--healthcare--but it could be something to help me get into grad school.
I'm way ahead of schedule to graduate, so this could potentially be something to work towards my senior year.
Posted on 7/1/09 at 1:08 am to lynxcat
quote:
I don't know how much it would really help me in the field I want to enter--healthcare--but it could be something to help me get into grad school.
That's a pretty huge commitment just to get into a grad school program.
Each level costs around 1000 bucks. If you aren't going to go into analysis, it's probably not worth it.
What kind of finance work do you want to do in health care?
Posted on 7/1/09 at 1:14 am to TheHiddenFlask
quote:
That's a pretty huge commitment just to get into a grad school program.
Each level costs around 1000 bucks. If you aren't going to go into analysis, it's probably not worth it.
Ah, well there goes that option. Pretty expensive test.
quote:
What kind of finance work do you want to do in health care?
I have an internship this fall at a hospital in Memphis, so I am hoping to be able to better answer this question by the end of the semester.
I definitely find finance the most interesting part of business. I am also interested in efficiencies with productivity and costs. So a mix of cost accounting and financial consulting all geared in healthcare is what I am going to try to get a feel for during the internship.
Did that make any sense?
Any suggestions in any business field that would utilize those interests?
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