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College and University Discussion
Reply to "UVA McIntire or top 15 school? "
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[quote=Anonymous][quote=Anonymous]Business professor back. It is disturbing to view college as a vocational activity instead of focusing on education and experience. The goal of undergrad education is not to get a job on Wall Street or management consulting. Most business professors did not have undergrad business majors. Most top M.B.A. students were not business majors, instead choosing engineering, economics, etc. The large investment banking recruitment programs hire many liberal arts graduates from top schools. I worked at Goldman Sachs in different jobs, and hired Bachelors graduates with quant and/or technology skills, like engineering majors from Berkeley. In one case, we wanted a Baruch graduate to execute trades because he had worked on the NYSE and understood markets. My boss vetoed him because he could not program computers at all. He would have been unable to download and analyze his daily trades, and he would probably not learn to program on the job. Management consulting also requires technical skills in something. It might be management accounting, technology, data analysis, or logistics and supply chain management. High school students have a foggy idea of business. For example, most marketing jobs are in industrial marketing. But teenagers think marketing is all about consumer fashion and breakfast cereal. Accountants and actuaries have great careers. A good business education will expose students to all these opportunities. A good university will offer far more. Your kids might enjoy enivironmental economics or urban housing policy. Or maybe math, science, arts and humanities. Maybe your child will meet successful friends and a spouse. Furthermore, many people go into business after graduate school. Historically, this was the two-year M.B.A. program. But those programs became too general and diluted. Now specialty masters programs are more popular. I was surprised at the LinkedIn school rankings. Typically, top M.B.A. business schools did not have undergrad business. Because undergrad programs are often larger than graduate programs, they dominate the LinkedIn rankings. So, you see Georgetown #1 in undergrad investment banking placement. Historically, Georgetown did not have an elite graduate business school. But they have a loyal alumni network and an effective placement office that polishes undergrads for those jobs. There are many investment banking internship programs. Those jobs are prestigious. But investment bankers do not have quant skills. They do not trade or invest. Instead, they are spreadsheet monkeys who work long hours travelling and preparing documents. Yale, Princeton, and Columbia also have strong placement in investment banking, and they don't have undergrad business at all. https://www.businessadministrationinformation.com/news/top-10-business-schools-according-to-linkedin-rankings My freshman roommate was a weak student who did not have grades to get into the business major. He transferred schools to graduate with a business degree, and opened up a deli in D.C. after graduating. It quickly failed because he had weak accounting skills and did not realize it had no chance of profitability. Ultimately, he got a masters in social work and is much happier now. He helped my nephew become a social worker. I hope my daughters study something more rigorous than business, like math/statistics/science/economics. Then they can go into business, technology, health care, or anything but law. I also hope they meet successful partners and give me grandchildren before I die. MIT, Caltech, and Georgia Tech have many potential husbands, which prevents the "hook-up culture".[/quote] Any good college will give you good liberal arts and foundational education, then on top of that, it provides specialty majors. What makes you think that a BSBA with concentration in finance, analytics, or even marketing is different from BS in Computer science or electrical engineering.. You have a weird bias. When schools have undergraduate programs(again MIT, UPenn, Cornell, Georgetown, UVA, Emory, Berkely, UMish, Notre Dame, NYU, etc.), it's more valuable than econ in art and Science. That's just a reality. [/quote]
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