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re: Value of an LSU Business/Econ Degree?

Posted on 4/19/10 at 3:59 pm to
Posted by acgeaux129
We are BR
Member since Sep 2007
15011 posts
Posted on 4/19/10 at 3:59 pm to
quote:

There are way too many factors involved in choosing between the two schools you listed. Honestly, none of us can give you a legitimate answer without knowing you, your goals, and your family enviroment.


Haha, I'm not asking y'all to decide for me, I was just asking about the worth of a degree from the LSU business school.
Posted by acgeaux129
We are BR
Member since Sep 2007
15011 posts
Posted on 4/19/10 at 4:02 pm to
quote:

Man, if you want to do something with money, you need to re-consider your choices and go to Chicago.


I didn't even finish my application because of the cost. It would have been tough for me to get in regardless. I'm looking at UC more in terms of grad school because the tuition would be easier to handle for different reasons.
Posted by acgeaux129
We are BR
Member since Sep 2007
15011 posts
Posted on 4/19/10 at 4:08 pm to
quote:

Econ undergrads are worthless outside of the ivy league, FWIW.


That's what I would expect. But I do have a cousin who got a Finance degree from LSU and now trades futures in the O&G Industry, and she told me that Econ degrees are a lot more applicable than people think. That's why I'm trying to get some other input.
This post was edited on 4/19/10 at 4:09 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/19/10 at 4:10 pm to
I am honestly not sure how much of a difference West Point vs LSU would make for getting into UC for grad school. No matter where you go, you're going to need near perfect grades and a 99th percentile GMAT score. I know when we went and visited their law school one summer, almost every single kid was from an ivy. I would imagine Booth is much of the same, being that its consistently ranked in the top 10 and has a bunch of nobel laureates as professors.
Posted by acgeaux129
We are BR
Member since Sep 2007
15011 posts
Posted on 4/19/10 at 4:14 pm to
Alright, BRCC it is, then.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/19/10 at 4:15 pm to


ETA: In truth, if that is your ultimate goal, the best bet would be to call UC admissions and ask them what's up. Maybe they can give you a better idea.
This post was edited on 4/19/10 at 4:17 pm
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 4/19/10 at 4:18 pm to
quote:

That's what I would expect. But I do have a cousin who got a Finance degree from LSU and now trades futures in the O&G Industry, and she told me that Econ degrees are a lot more applicable than people think. That's why I'm trying to get some other input.



Graduated finance with a minor in econ.

Econ is applicable and good to understand, but the degree won't take you anywhere. A finance degree will.
Posted by lynxcat
Member since Jan 2008
24746 posts
Posted on 4/19/10 at 4:25 pm to
quote:

I am honestly not sure how much of a difference West Point vs LSU would make for getting into UC for grad school. No matter where you go, you're going to need near perfect grades and a 99th percentile GMAT score. I know when we went and visited their law school one summer, almost every single kid was from an ivy. I would imagine Booth is much of the same, being that its consistently ranked in the top 10 and has a bunch of nobel laureates as professors.


Hi-Jack: As a small aside, I had a recent fraternity brother that was accepted in UC's law school. He had around a 3.8 and a 177 on the LSAT. His LSAT score was through the roof. He got a full ride to Texas, got into UC, and ended up going to Harvard. He was wait listed by Yale.

We send a handful of kids to Ivy's each year--but just not too many. We've got 3 kids looking at Brown in a variety of fields. I don't know where everyone else is going yet.
Posted by lynxcat
Member since Jan 2008
24746 posts
Posted on 4/19/10 at 4:27 pm to
quote:

Econ is applicable


THF, you really feel that?

The only part I have seen somewhat applicable is that Economic Theory creates the Business principles that are actually practical. Outside the realm of supply and demand, a couple macro relationships with banking (money supply, inflation, interest, etc), and trade benefits, I don't remember many aspects of Economics all that useful.

Duopoly models I found interesting, but they are still bullshite in terms of application.
Posted by acgeaux129
We are BR
Member since Sep 2007
15011 posts
Posted on 4/19/10 at 4:31 pm to
quote:

In truth, if that is your ultimate goal, the best bet would be to call UC admissions and ask them what's up. Maybe they can give you a better idea.


It's not like I'm going to Vegas to count cards just to get into one particular shool, but getting into a grad school like that would be nice. I'm not even set on my major at all right now. To be honest, I should probably be a journalist, but I want to actually be productive, and that industry is full of douches.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 4/19/10 at 5:01 pm to
quote:

THF, you really feel that?


Econ models and stats have definitely been applicable. As you said, the business principles of supply and demand are definitely applicable. Cost curves are applicable. Money supply is definitely applicable when valuing international companies.

There is a lot that is indirectly applicable because it's the backbone of things that are taught as "givens".

Econ is definitely applicable to business, but, alone, it will not suffice.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/19/10 at 5:04 pm to
All things being equal then, I would think WP might give you better opportunities than LSU. LSU has got to be a shitload more fun though. I don't regret my decision to go there at all, I just wish I had put more effort in while I was there.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 4/19/10 at 5:18 pm to
quote:

All things being equal then, I would think WP might give you better opportunities than LSU. LSU has got to be a shitload more fun though. I don't regret my decision to go there at all, I just wish I had put more effort in while I was there.


This.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/19/10 at 5:31 pm to
Hey, all the GS stuff got me thinking, do you all have any structured finance classes? I've self-taught myself nearly everything I know about SF. Reading about CDOs blowing up in 2007 and not having a clue what they were was really the catalyst that drove me into this information-overload phase I've been in for the past 3 years. I just kind of wished I could've learned some of it in a classroom.
Posted by lynxcat
Member since Jan 2008
24746 posts
Posted on 4/19/10 at 5:37 pm to
We don't learn anything about CDOs in our classes. I think we may touch it slightly in an upper level finance class I have yet to take, but not much.

Then again, we don't have a "finance" major so I wouldn't expect us to get into as many very technical financial instruments.

Posted by siliconvalleytiger
Bay Area, CA
Member since Apr 2004
31267 posts
Posted on 4/19/10 at 5:59 pm to
It's all about the first job. An LSU business degree will get you in the door. From there on, it's all upto you.

I've always felt that for most UG majors, it doesn't matter where you get your degree from. It's all on you and what you do with it provided you get the first break.
This post was edited on 4/19/10 at 6:00 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/19/10 at 6:01 pm to
It was referenced passingly in my derivatives class. I thought we were going to have a lecture on CDS and CDOs (and all of their iterations) and some kind of contemporary discussion, but it was like five minutes long. Disappointing.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/19/10 at 6:17 pm to
BTW, I don't know how, but I can watch ESPN3 on UNO's network. Watching baseball while this guy lectures about term structure of interest rates.
Posted by Greenspan
6 million posts
Member since Dec 2007
2194 posts
Posted on 4/19/10 at 7:03 pm to
The fixed income class at LSU spends a good bit of time on CDOs, CMBS, ABS, CMOs ects.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/19/10 at 7:15 pm to
Well that's definitely good to know. They either didn't offer it when I was there, or I just don't remember it existing.
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