Ditching HYP for accounting

[Anonymous]

Cold feet. The smarter she is, the more rational she will make her reasons for not going appear.

[Anonymous]

Someone at school probably told her to do that because of jealousy and erroneously thinking they could snag her Ivy spot.

[Anonymous]

Anonymous wrote:Why can’t she major in accounting at Harvard and then go work at the big four?

- Harvard doesn't offer accounting. Harvard does not have an undergrad business program.
- Accountants don't need to attend an elite college to get a job at the big four.

[Anonymous]

I went to MIT and have a PhD but now make way more than my peers as a small business owner. Corporate often isn't the way to wealth and happiness.

[Anonymous]

Anonymous wrote:I know a Psych major from Nescac who got hired at PWC, they helped her get her CPA. It's not mutually exclusive OP. She can and should go to HYP and also pursue accounting.

nescac - bleh

[Anonymous]

Out of all my friends at top LACs/ivies, the person I am most jealous of is a friend from high school who went into Accounting at a decent state school. They weren't the smartest, or even close to it, of the people I know, but they could walk into any internship, since Accounting schools tend to have direct pipelines into top organizations. She now has an extremely enviable finance position at a tech company we all use, and she got it, because they needed someone who knew finance AND accounting.

Sure, at a prestigious college you can go into IB and Consulting, but the work is pretty miserable and actually getting to those steps in the first place is not only competitive but a headache of "industry knowledge" you are expected to know and frankly the field is very sexist. If you are interested in like economics research or the rat race of IB, there's not much incentive to these top programs compared to attending a university with a solid pipeline to accounting organizations and doing the career transitions while you are getting paid at your firm.

[Anonymous]

Anonymous wrote:Out of all my friends at top LACs/ivies, the person I am most jealous of is a friend from high school who went into Accounting at a decent state school. They weren't the smartest, or even close to it, of the people I know, but they could walk into any internship, since Accounting schools tend to have direct pipelines into top organizations. She now has an extremely enviable finance position at a tech company we all use, and she got it, because they needed someone who knew finance AND accounting.

Sure, at a prestigious college you can go into IB and Consulting, but the work is pretty miserable and actually getting to those steps in the first place is not only competitive but a headache of "industry knowledge" you are expected to know and frankly the field is very sexist. If you are interested in like economics research or the rat race of IB, there's not much incentive to these top programs compared to attending a university with a solid pipeline to accounting organizations and doing the career transitions while you are getting paid at your firm.

Meant to say "If you are NOT interested..."

[Anonymous]

Accounting has much better outcomes. There is no actual incentive to hiring an econ grad over a finance/accounting major, unless it is economic research which is a non-existent percentage of business careers. Econ is for people who want to pivot out of business.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know a Psych major from Nescac who got hired at PWC, they helped her get her CPA. It's not mutually exclusive OP. She can and should go to HYP and also pursue accounting.

She IS raising good questions and the answer is HYP. An HYP econ or math grad can easily expect to start at $120k+, while even a new Deloite CPA will earn half of that.

I think neither of these statistics are accurate.

a new Deloitte CPA made half that about 30 years ago and not every HYP will make $120k out of school.

[Anonymous]

I guess there is no accounting for taste when there is a taste for accounting.

[Anonymous]

Anonymous wrote:Accounting has much better outcomes. There is no actual incentive to hiring an econ grad over a finance/accounting major, unless it is economic research which is a non-existent percentage of business careers. Econ is for people who want to pivot out of business.

Former senior counsel from PW here. Most of our top management went to good but not prestigious state schools. PW being PW, they were very bright.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know a Psych major from Nescac who got hired at PWC, they helped her get her CPA. It's not mutually exclusive OP. She can and should go to HYP and also pursue accounting.

She IS raising good questions and the answer is HYP. An HYP econ or math grad can easily expect to start at $120k+, while even a new Deloite CPA will earn half of that.

I think neither of these statistics are accurate.

Agreed. I got a job offer at McKinsey out of HYPSM for 65K

[Anonymous]

Stupid teenager

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know a Psych major from Nescac who got hired at PWC, they helped her get her CPA. It's not mutually exclusive OP. She can and should go to HYP and also pursue accounting.

She IS raising good questions and the answer is HYP. An HYP econ or math grad can easily expect to start at $120k+, while even a new Deloite CPA will earn half of that.

I think neither of these statistics are accurate.

a new Deloitte CPA made half that about 30 years ago and not every HYP will make $120k out of school.

Right, they make $600k (CS major)

[Anonymous]

Anonymous wrote:Stupid teenager

Let’s be honest: HYP made a mistake.