Kid wants to work on Wall Street

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is it about making big bucks or really wanting to just work on Wall St? If it’s big bucks there are many easier ways to do this than work on Wall St.

I never understand why students like this don’t take the road most travelled. Nursing and Accounting are stable, easy for employment, can be done anywhere, and pay very well. They are always going to be needed and are essentially cheat codes to an upper middle class lifestyle.

Have you met a nurse that likes their job? Or an account for that matter?

I have to say -- why would you want to be an accountant? And it is not stable at all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is it about making big bucks or really wanting to just work on Wall St? If it’s big bucks there are many easier ways to do this than work on Wall St.

I never understand why students like this don’t take the road most travelled. Nursing and Accounting are stable, easy for employment, can be done anywhere, and pay very well. They are always going to be needed and are essentially cheat codes to an upper middle class lifestyle.

Have you met a nurse that likes their job? Or an account for that matter?

I have to say -- why would you want to be an accountant? And it is not stable at all.

Accounting is one of the most stable jobs out there. What are you talking about?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Is it about making big bucks or really wanting to just work on Wall St? If it’s big bucks there are many easier ways to do this than work on Wall St.

I never understand why students like this don’t take the road most travelled. Nursing and Accounting are stable, easy for employment, can be done anywhere, and pay very well. They are always going to be needed and are essentially cheat codes to an upper middle class lifestyle.

Where do you live that you think nursing is an UMC lifestyle? Not in DC!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is it about making big bucks or really wanting to just work on Wall St? If it’s big bucks there are many easier ways to do this than work on Wall St.

I never understand why students like this don’t take the road most travelled. Nursing and Accounting are stable, easy for employment, can be done anywhere, and pay very well. They are always going to be needed and are essentially cheat codes to an upper middle class lifestyle.

Where do you live that you think nursing is an UMC lifestyle? Not in DC!

Makes the wife 150k, seems pretty UMC to me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is it about making big bucks or really wanting to just work on Wall St? If it’s big bucks there are many easier ways to do this than work on Wall St.

I never understand why students like this don’t take the road most travelled. Nursing and Accounting are stable, easy for employment, can be done anywhere, and pay very well. They are always going to be needed and are essentially cheat codes to an upper middle class lifestyle.

Have you met a nurse that likes their job? Or an account for that matter?

New poster. But I wouldn’t think someone working 70 -80 hours a week on Wall Street would make someone really like their job either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Is it about making big bucks or really wanting to just work on Wall St? If it’s big bucks there are many easier ways to do this than work on Wall St.

I never understand why students like this don’t take the road most travelled. Nursing and Accounting are stable, easy for employment, can be done anywhere, and pay very well. They are always going to be needed and are essentially cheat codes to an upper middle class lifestyle.

+ 1. One accountant friend, a few friends who are nurses. They’re doing very well and are very comfortable, especially the accountant. She has such flexibility now in her career, but of course she put in many years at the office in the earlier part of her career.

[Anonymous]

Georgetown, Emory , Notre Dame would be my top choices. Unless you're in Nova then UVA would be the best option.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is it about making big bucks or really wanting to just work on Wall St? If it’s big bucks there are many easier ways to do this than work on Wall St.

I never understand why students like this don’t take the road most travelled. Nursing and Accounting are stable, easy for employment, can be done anywhere, and pay very well. They are always going to be needed and are essentially cheat codes to an upper middle class lifestyle.

Have you met a nurse that likes their job? Or an account for that matter?

I have to say -- why would you want to be an accountant? And it is not stable at all.

Accounting is one of the most stable jobs out there. What are you talking about?

+1 they are literally desperate for people. Our accountancy firm said this year they would be sending stuff overseas. I was disappointed because I thought they were trying to be cheap, so I researched and yes, the profession is struggling majorly, which was accounted for grads wanting finance instead.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is it about making big bucks or really wanting to just work on Wall St? If it’s big bucks there are many easier ways to do this than work on Wall St.

I never understand why students like this don’t take the road most travelled. Nursing and Accounting are stable, easy for employment, can be done anywhere, and pay very well. They are always going to be needed and are essentially cheat codes to an upper middle class lifestyle.

Have you met a nurse that likes their job? Or an account for that matter?

I have to say -- why would you want to be an accountant? And it is not stable at all.

Accounting is one of the most stable jobs out there. What are you talking about?

+1 they are literally desperate for people. Our accountancy firm said this year they would be sending stuff overseas. I was disappointed because I thought they were trying to be cheap, so I researched and yes, the profession is struggling majorly, which was accounted for grads wanting finance instead.

There’s so many opportunities it’s crazy. If you have a real smart child, they’ll go far, because finance tends to suck up all the intelligent, competitive kids. DC started in CS and realized how much was needed outside the major to get a job, switched to accounting and recently walked into an internship with a pipeline to post-grad guaranteed job practically.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is it about making big bucks or really wanting to just work on Wall St? If it’s big bucks there are many easier ways to do this than work on Wall St.

I never understand why students like this don’t take the road most travelled. Nursing and Accounting are stable, easy for employment, can be done anywhere, and pay very well. They are always going to be needed and are essentially cheat codes to an upper middle class lifestyle.

Have you met a nurse that likes their job? Or an account for that matter?

I have to say -- why would you want to be an accountant? And it is not stable at all.

Accounting is one of the most stable jobs out there. What are you talking about?

+1 they are literally desperate for people. Our accountancy firm said this year they would be sending stuff overseas. I was disappointed because I thought they were trying to be cheap, so I researched and yes, the profession is struggling majorly, which was accounted for grads wanting finance instead.

There’s so many opportunities it’s crazy. If you have a real smart child, they’ll go far, because finance tends to suck up all the intelligent, competitive kids. DC started in CS and realized how much was needed outside the major to get a job, switched to accounting and recently walked into an internship with a pipeline to post-grad guaranteed job practically.

think accounting suffers from a reputation that the work is repetitive and boring - but I guess the same could be said for many CS role. Can a kid expect to make $100k coming out of a school like UT or Indiana in an entry level accounting role? (both T5 accounting schools)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is it about making big bucks or really wanting to just work on Wall St? If it’s big bucks there are many easier ways to do this than work on Wall St.

I never understand why students like this don’t take the road most travelled. Nursing and Accounting are stable, easy for employment, can be done anywhere, and pay very well. They are always going to be needed and are essentially cheat codes to an upper middle class lifestyle.

Have you met a nurse that likes their job? Or an account for that matter?

I have to say -- why would you want to be an accountant? And it is not stable at all.

Accounting is one of the most stable jobs out there. What are you talking about?

+1 they are literally desperate for people. Our accountancy firm said this year they would be sending stuff overseas. I was disappointed because I thought they were trying to be cheap, so I researched and yes, the profession is struggling majorly, which was accounted for grads wanting finance instead.

There’s so many opportunities it’s crazy. If you have a real smart child, they’ll go far, because finance tends to suck up all the intelligent, competitive kids. DC started in CS and realized how much was needed outside the major to get a job, switched to accounting and recently walked into an internship with a pipeline to post-grad guaranteed job practically.

think accounting suffers from a reputation that the work is repetitive and boring - but I guess the same could be said for many CS role. Can a kid expect to make $100k coming out of a school like UT or Indiana in an entry level accounting role? (both T5 accounting schools)

Entry-level accounting pays around $70k but they can get a CPA license and become managers in 5 years and start making $120-150k.

[Anonymous]

As a parent of an accounting student, I’m happy to hear the few PPs on accounting. She was torn between accounting or finance, but is not in a target college for finance. And also that accounting seems stable as opposed to finance. The accounting dept seems to be very well run and has a good postgrad job placement. The 5 year program is offered as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Is it about making big bucks or really wanting to just work on Wall St? If it’s big bucks there are many easier ways to do this than work on Wall St.

I never understand why students like this don’t take the road most travelled. Nursing and Accounting are stable, easy for employment, can be done anywhere, and pay very well. They are always going to be needed and are essentially cheat codes to an upper middle class lifestyle.

.

Bc there is difference between making 130k as a nurse or accountant and adding another 0. By the time you’re 30. And more Every year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Is it about making big bucks or really wanting to just work on Wall St? If it’s big bucks there are many easier ways to do this than work on Wall St.

Please explain

Start a business. Sell it. Rinse repeat

[Anonymous]

Anonymous wrote:Alright OP, this is an area I'm very familiar with and can give some insight. Wall Street is still very prestige driven when we're talking about desirable roles (investment banking, sales & trading, and buy side role e.g., private equity, asset management, hedge funds, etc.). This has improved in recent years but there are many online resources that show the 'target' schools that these institutions primarily hire from. The heavy hitters are Ivy League schools (esp. HYP and Wharton), and similarly prestigious programs, but there are some slightly more accessible schools that your kid should look into if interested in 'high finance':

UVA (Darden)
Georgetown (McD)
U Michigan (Ross)
NYU (Stern)
Emory (Goizuetta)

These would all be reaches, but not totally out of the question. They all have dedicated business schools that have very strong pipelines into IB and Wall St. more broadly. Indiana University's Kelley is another program that places remarkably well and has lower selectivity than the usual suspects. Fordham and Boston College also have some success, but limited comparatively.

Outside of these, some schools do very well regionally (SMU and UT Austin for example), particularly in the Houston scene, though your kid might be less interested in going to college/working there.

I'd ignore much of the advice you'll hear about small schools that "punch above their weight". It's not that some SLACs don't do well (WASP, CMC, and some other very selective LACs do great), but for the most part this is kind of a fiction. I know many people who went to Bucknell or Villanova pursuing finance -- none of those people work in IB, PE, S&T, etc., though they can do fine if targeting corp. dev or accounting I guess.

Main takeaway: Wall St. has its favorites, and breaking in from outside of them is a very uphill battle. It's also worth mentioning that it's a very tough, very cutthroat career path. Definitely the kind pursuit where it's helpful to have other options in mind when you're in college.

Lot of BS in this thread but this comment is very accurate.