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[quote=Anonymous][quote=Anonymous]I never went to college so I apologize if this is naive. My kid wants to major in business administration (goal is accounting or investment banking) and wants to go to a top university.

They’re looking at schools like Harvard, Princeton, Yale, Stanford, Columbia, etc. and see that they don’t have business majors. How could this be? It’s the most popular college major and some of these have business schools! [/quote]
Good grief, attempting to get the topic back on track.
OP, if your kid is interested in accounting or investment banking those are 2 very different pathways. If the goal is investment banking, the focus should be on schools that offer pathways to internships and ultimately jobs at the investment firms. Think Morgan Stanley, Goldman Sachs, etc. Search on here, there's a lot of threads opining on "wall street feeders." Finance and econ are common majors.

Accounting is different, you want a school that teaches the GAAP required classes. Basically, any halfway decent state university will get the job done. My DD was an accounting major at Baylor where she had a fantastic experience, graduated with honors, stayed for her Masters of Accounting (your kid will need those extra credits to be CPA eligible) and transitioned into an internship and subsequent job with Big 4. For accounting, I would not recommend shelling out big bucks. DD got a great scholarship to Baylor, otherwise she would have gone to our state university.

Accounting was a very defined pathway to a job. At least at Baylor they had faculty dedicated to helping every accounting major get an internship and job - they have 100% placement. Finance seemed to be a bit more nebulous on career path, but you want a school where the big investment banks are actively doing campus recruiting. My nephew was a direct admit to Kelley at Univ of Indiana and they seem to be actively recruiting on campus. If your kid gets into an Ivy that alone will open doors. [/quote]

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