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re: Business Major
Posted on 7/1/09 at 1:34 am to lynxcat
Posted on 7/1/09 at 1:34 am to lynxcat
quote:
International Finance seems to be the course that covers a lot of this material. I found that kind of interesting.
I took a class called international finance at LSU. It was labeled as an ECON, but was all about exchange rates and central banking.
Great course, but we never really got into derivatives.
quote:
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?
I kind of see where you are going with the idea. My mom is a doctor, so I kind of understand what niche you are trying to fill. A lot of doctors are going to B-School to become MD/MBA's and are making more money doing it. I think medical consulting is a field with a lot of growth potential, but it's going to be a hard egg to crack. Doctor's love having power. They think they are the smartest people in the world and don't like the idea of having some business school kid tell them how to run their office.
quote:
Any suggestions in any business field that would utilize those interests?
You sound like a systems management kind of guy. Try your feet in some statistics classes and find out if you really like it or not.
All of the stuff from the Quant section of the CFA is the base knowledge for systems management.
Don't worry too much about locking yourself into one career for the next forty years. Figure out what you like to do and take classes that will allow you to do several of them. I took a derivatives class because I needed it to fill an elective and it ended up changing my life. Same goes for my first Econ.
1
Posted on 7/1/09 at 1:44 am to TheHiddenFlask
quote:
I took a class called international finance at LSU. It was labeled as an ECON, but was all about exchange rates and central banking.
Great course, but we never really got into derivatives.
Straight from the catalogue...
quote:
454. International Finance.
Spring. Credits: 4.
This is a Global Capital Markets course, structured to provide a financial
background in the fixed income area of the finance. An understanding of fixed
income capital markets includes an understanding of foreign exchange rate
determination and interest rate determination, and derivatives, and these
topics will introduce the course. Fixed income securities such as money market
instruments and bonds will then be presented, alongside the derivatives that relate
to these underlying securities. More complex instruments, such interest rate swaps,
credit default swaps, and CMOs/CLOs will also be addressed.
quote:
I kind of see where you are going with the idea. My mom is a doctor, so I kind of understand what niche you are trying to fill. A lot of doctors are going to B-School to become MD/MBA's and are making more money doing it. I think medical consulting is a field with a lot of growth potential, but it's going to be a hard egg to crack. Doctor's love having power. They think they are the smartest people in the world and don't like the idea of having some business school kid tell them how to run their office.
The lady I will be working for did exactly what you said. I've also got a great family friend that works for HCA and he said the exact same thing about doctors--it doesn't matter how many degrees you have; unless it says "Md." they don't give a shite.
quote:
You sound like a systems management kind of guy. Try your feet in some statistics classes and find out if you really like it or not.
I've taken one pretty in depth statistics class already. I still have Econometrics left.
I didn't really enjoy the class at first, but now that I am out of the class I can see the benefits of the subject. Especially after seeing how much stats can be used in finance.
quote:
All of the stuff from the Quant section of the CFA is the base knowledge for systems management.
Don't worry too much about locking yourself into one career for the next forty years. Figure out what you like to do and take classes that will allow you to do several of them. I took a derivatives class because I needed it to fill an elective and it ended up changing my life. Same goes for my first Econ.
I'll listen to your advice. I think this internship will do a lot to help me plan for the future.
My boss is giving me 'free reign' within the hospital to do anything that I am interested in. If I am in a niche I dislike, then she said I can switch to try something else. I feel like it is a pretty cool opportunity--didn't expect that much freedom.
Posted on 7/1/09 at 12:06 pm to Tigerbait46
quote:
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.
Honestly, the amount of work and commitment is greatly exaggerated. The first day Dr Sumners will tell you all this stuff to scare people into dropping and half the class does the first day. The first 2 weeks are hard with all those presentations to go to but it gets easier and easier as the semester goes on. The summer case studies class is killer but it's only a week. The 2nd half of the course after everyone gets back from interships is a breeze. Stick with it and you'll do fine.
Posted on 7/2/09 at 12:35 pm to kraftcheese
quote:
Honestly, the amount of work and commitment is greatly exaggerated. The first day Dr Sumners will tell you all this stuff to scare people into dropping and half the class does the first day. The first 2 weeks are hard with all those presentations to go to but it gets easier and easier as the semester goes on. The summer case studies class is killer but it's only a week. The 2nd half of the course after everyone gets back from interships is a breeze. Stick with it and you'll do fine.
thanks for the advice. I've got two close friends in the program now and they have had similar things to say. Hopefully the number of companies that do the draft process increases for next year. The percentage of students acquiring an internship through the draft this year was much lower than previous years.
Posted on 7/2/09 at 12:41 pm to Tigerbait46
FWIW, of the people I know who only have undergrads and aren't engineers, the ones with the best jobs (unquestionably, and by a very wide margin) got them all from internships through the CIA stuff.
Posted on 7/3/09 at 2:07 pm to Tigerbait46
quote:
thanks for the advice. I've got two close friends in the program now and they have had similar things to say. Hopefully the number of companies that do the draft process increases for next year. The percentage of students acquiring an internship through the draft this year was much lower than previous years.
That's a shame. I did the program in 2007 and I think we had 150 internships available. Damn recession. The internships are awesome though. I did mine in NJ and it was one of the best summers of my life.
Posted on 7/3/09 at 6:22 pm to Tigerbait46
It was much lower obviously due to the economic environment. I went through the first part of the program in the spring and managed to get an internship in DC. There are about 10 interns from LSU here right now so it is quite a crowd, along with plenty across Texas, then some in NYC, NJ, CA, CO, etc.
Like it was previously said, half of the stuff Sumners says is just to try to scare the students. Case studies is the real killer. My only advice is to try to score high on the first few tests so that way you can stay at the top of the class - it is a bitch if you slip up in the beginning to try to gain ground on everyone else.
Like it was previously said, half of the stuff Sumners says is just to try to scare the students. Case studies is the real killer. My only advice is to try to score high on the first few tests so that way you can stay at the top of the class - it is a bitch if you slip up in the beginning to try to gain ground on everyone else.
This post was edited on 7/3/09 at 6:25 pm
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