Anonymous wrote:Anonymous wrote:Anonymous wrote:The prof is right - every college student I know interested in IB or similar, and who actually got the stellar summer internships leading to 6 figure jobs, is majoring in physics, math or engineering. When I was an undergrad, it was the econ and other liberal arts majors who hor those jobs. Eventually most people on this path get an mba anyway. An undergrad business degree has always been considered pretty weak.
Nope you are totally wrong
https://www.businessinsider.com/best-college-major-for-wall-street-2016-8
Your info is a bit outdated. The article that you cite is over 6 years old. A lot has changed over the past 6 years.
Anonymous wrote:Anonymous wrote:Anonymous wrote:The prof is right - every college student I know interested in IB or similar, and who actually got the stellar summer internships leading to 6 figure jobs, is majoring in physics, math or engineering. When I was an undergrad, it was the econ and other liberal arts majors who hor those jobs. Eventually most people on this path get an mba anyway. An undergrad business degree has always been considered pretty weak.
Nope you are totally wrong
https://www.businessinsider.com/best-college-major-for-wall-street-2016-8
Your info is a bit outdated. The article that you cite is over 6 years old. A lot has changed over the past 6 years.
Anonymous wrote:Anonymous wrote:The prof is right - every college student I know interested in IB or similar, and who actually got the stellar summer internships leading to 6 figure jobs, is majoring in physics, math or engineering. When I was an undergrad, it was the econ and other liberal arts majors who hor those jobs. Eventually most people on this path get an mba anyway. An undergrad business degree has always been considered pretty weak.
Nope you are totally wrong
https://www.businessinsider.com/best-college-major-for-wall-street-2016-8
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:my kid at a top nescac and sooo many kids going the data or consulting routes as opposed to IB. The consulting lifestyle or learning state of the art AI, big data, etc. holds a lot more appeal than IB drudgery. Pay not that much different first couple years , then they all go to b school anyway. Mind as well learn a useful skill and enjoy urself in early 20s. Data internship offers paying $90k annualized for 10 week gig. Not bad for a 20 yr old with another year of school left..
LOL....Why do people have to mention top schools this or that? I just don't get it.
FWIW, my kid majors in Business Information Technology (BIT) at a school in VA where 99% of DCUMers would laugh at but he got an internship at the end of his sophomore year with a FinTech for 60/hr (120k annualized) for a ten weeks gig. His education cost less than half PP's top nescac, LOL...
sounds like u feel your son is doing well, and are happy with his school selection despite the fact u feel people on this board would laugh at the school - a bit weird thing to say imo, but congrats - but the real value of a “top nescac” is usually the alumni benefits and connections that are realized over a lifetime - these schools have extremely loyal alumni with many who go out of their way to help - that u may not realize with a degree from ur sons school
and don’t forget in 3 years when both applying to b school the kid from the top nescac will likely be the more successful candidate assuming same undergrad grades - the high paying internship means zippo at that point.. especially when combined with the type of school that dcum would “laugh at”
Anonymous wrote:Anonymous wrote:Anonymous wrote:my kid at a top nescac and sooo many kids going the data or consulting routes as opposed to IB. The consulting lifestyle or learning state of the art AI, big data, etc. holds a lot more appeal than IB drudgery. Pay not that much different first couple years , then they all go to b school anyway. Mind as well learn a useful skill and enjoy urself in early 20s. Data internship offers paying $90k annualized for 10 week gig. Not bad for a 20 yr old with another year of school left..
LOL....Why do people have to mention top schools this or that? I just don't get it.
FWIW, my kid majors in Business Information Technology (BIT) at a school in VA where 99% of DCUMers would laugh at but he got an internship at the end of his sophomore year with a FinTech for 60/hr (120k annualized) for a ten weeks gig. His education cost less than half PP's top nescac, LOL...
sounds like u feel your son is doing well, and are happy with his school selection despite the fact u feel people on this board would laugh at the school - a bit weird thing to say imo, but congrats - but the real value of a “top nescac” is usually the alumni benefits and connections that are realized over a lifetime - these schools have extremely loyal alumni with many who go out of their way to help - that u may not realize with a degree from ur sons school
Anonymous wrote:The prof is right - every college student I know interested in IB or similar, and who actually got the stellar summer internships leading to 6 figure jobs, is majoring in physics, math or engineering. When I was an undergrad, it was the econ and other liberal arts majors who hor those jobs. Eventually most people on this path get an mba anyway. An undergrad business degree has always been considered pretty weak.
Anonymous wrote:Anonymous wrote:my kid at a top nescac and sooo many kids going the data or consulting routes as opposed to IB. The consulting lifestyle or learning state of the art AI, big data, etc. holds a lot more appeal than IB drudgery. Pay not that much different first couple years , then they all go to b school anyway. Mind as well learn a useful skill and enjoy urself in early 20s. Data internship offers paying $90k annualized for 10 week gig. Not bad for a 20 yr old with another year of school left..
LOL....Why do people have to mention top schools this or that? I just don't get it.
FWIW, my kid majors in Business Information Technology (BIT) at a school in VA where 99% of DCUMers would laugh at but he got an internship at the end of his sophomore year with a FinTech for 60/hr (120k annualized) for a ten weeks gig. His education cost less than half PP's top nescac, LOL...
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:
I generally agree but not everyone is into STEM
Finance and accounting are great for non-STEM people
I would add business analytics and MIS
Business professor again: I worked as a quant. Wow, lots of hate for telling the truth about helicopter parents who lack faith in their kids.
Accounting has merit, but DCUM insists on front office investment banking, not sales, trading, research, asset management, nor risk management. Certainly nothing pedestrian like accounting.
Analytics and MIS are STEM by definition. The problem is that undergrad business curricula are broad and flexible enough to allow lightweight STEM. You should seek the more rigorous STEM courses, inside and outside the business school. If you want authentic Chinese food, then you should go to restaurants where the Chinese are. Whoops, that is not a terrible heuristic for STEM. But you want to go where the nerds are, in math, science, computer science, and engineering.
What if your kid is a greedy stupid nincompoop, uninterested and incapable of learning anything challenging? Then I guess he must work long hours as a spreadsheet monkey. I don't see any other reason to pay him.
To be fair, I'm not sure how I would judge the quality of undergrad business programs. But I don't want to shoehorn my kids into a profession. I'll just steer them toward a place with the most general opportunities, and encourage them to experiment and challenge themselves.
Anonymous wrote:my kid at a top nescac and sooo many kids going the data or consulting routes as opposed to IB. The consulting lifestyle or learning state of the art AI, big data, etc. holds a lot more appeal than IB drudgery. Pay not that much different first couple years , then they all go to b school anyway. Mind as well learn a useful skill and enjoy urself in early 20s. Data internship offers paying $90k annualized for 10 week gig. Not bad for a 20 yr old with another year of school left..
Of course they are.
But PhDs working at hedge funds are smarter than PhDs working in academia.
Anonymous wrote:Anonymous wrote:There is a lot of truth in the old adage: Those who can work in the private sector; those who can't teach.
I’ve done both. Overall, the people who went into PhD programs in econ are smarter than those who went into banking. There are more duds among those who went into industry.
Anonymous wrote:There is a lot of truth in the old adage: Those who can work in the private sector; those who can't teach.