Reply to Why are DCUM parents less inclined to have their child major in business?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Because many are highly educated and well-bred and don’t view college as a trade school.[/quote]

+2 It is an immigrant thing to hyperfocus on ROI and STEM.[/quote]

No it's a common sense thing
Most people want something useful and valuable when paying $$$[/quote]

True. My 20 year old son already sees this. He is majoring in accounting ; he wants a comfortable life where he isn’t struggling financially. He has many interests and activities outside of the classroom and the topics that interest him , he reads online. Sometimes you can’t take all the interesting electives in college. You can still be well rounded even when being practical. [/quote]

Accounting is the backbone for any entity- for or nonprofit. From there you can combine with other interests.  No entity can exist long without proper financial and cash flow planning. This is not a degree for dummies.  Successful accountants can become. cfos and even ceos without even getting an mba. And if you have strong people skills even better. also your job will always exist. strong accountants and fpa roles are actually needed more during a recession. PPs who claim this is a major for dummies and compare it to a trade don't have a clue. It is also gives you very helpful skills for your personal life.[/quote]

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+1 i dont understand why DCUM is so big on Management Consulting but then dont like the Business Degree.  Management Consulting strategy is 100% based on understanding the levers that you can pull that impact your P&L and cashflow, debt etc in order to make your business more appealing to shareholders.  The strongest Mgmt consultants know their accounting and financial statements inside out.  Understanding the accounting rules makes the difference between an Enron fiasco and a business success.  If you work in Management Consulting and do not have an accounting background you will either need to go back to school or change roles eventually.  It would be like trying to practice law without going to law school.[/quote]

Accounting is most likely under School or College of Business.
You are confused.    
[/quote]

No YOU are confused.  The PP is saying that it is strange that DCUM is so hot on Management Consulting but doesnt like a School of Business degree because Accounting is in the School of Business and those skills are a key advantage in Management Consulting.  I worked in Management Consulting and was not an Accountant but an Econ major from a top 15 school and I was at a serious disadvantage to my peers who had a CPA.  I eventually had to shell out the $ for MBA (partially employer funded) but I wouldnt have needed that if I had just done Accounting from the beginning.  And to the PP who says you can take a 3 month training class at Bain- not really.  That is  not going to tell you how to value things like Brand names/Goodwill and run proformas when evaluating sell-offs or mergers which is what I worked on in Mgmt Counsulting.  There are technical skills that a Philsophy major from a top school is not going to have and the new hire training is not enough.  I would much prefer to hire someone who 1) doesnt need to be taught accounting/finance and 2) doesnt come with an Ivy price tag.[/quote]

It obviously didn't prevent you and I would imagine many others without business degrees from getting the job.  Very few people make a career at a Bain or McKinsey...they either use it as a launchpad for graduate school or move in-house to a client.

I guess I am trying to understand how it held you back because you actually worked in an area that you claim needs an Accounting degree...yet you didn't have an accounting degree.[/quote]

Opportunity cost of time and $ on MBA as well as having the right skills at the right time.[/quote]

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