I have been writing about some complex and heavy topics lately, so being that it's the weekend, I want to lighten up today.
Now, I was never a great student but I have always loved learning. Unfortunately, our education system does not do a great job of steering students towards the skill set they need out in the business world.
That is why I want this topic to be about specific courses that young college chimps can take that will improve their chances of landing a job in the industry once they graduate.
There are obvious classes like accounting, investments and corporate finance that everyone knows about, but there are also a ton of courses you can take which will make you a well rounded candidate.
Here are three classes you may not have ever thought about, but which could help you a great deal in both adding some flair to your resume and some knowledge to your monkey brain for the long finance world haul.
Midas's Secret Scholastic Brew
1) Time Series
This stats class will give you a skill set coveted by many a hedge fund and prop shop. In fact, Statistics is an awesome major for guys who want to trade or do anything market related. It is a great compliment to mathematical finance,economics and econometrics. Everyone going into finance should take one stats class.
2) European History
This is a very broad term. I would focus on the post-industrial period. A big part of working in finance is recognizing trends. Some trends are cultural, as well as, political. The modern financial structure of the world was built in Western Europe and the United States in the late 18th-early 20th century time period. Learn about this time. Learn about the morals and the values. I know that Adam Smith wasn't great with abut you can impress your interviewer so much more with a proper understanding of Laissez-Faire than you can regurgitating the steps of a cash-flow statement.
3) Child Psychology
When it comes to money, people are like children. We love it and we want more. Your primary difficulty in finance will be dealing with people, not dealing with money. Learning a little bit about how kids behave and how to deal with them will be a great experience for all of you guys who go into client facing roles. Adults often act like children when money is involved. It is so important to understand this concept, I just repeated it twice in a four sentence span.
There's the jump-off point guys. I hope some of you can add some other courses you found helpful that may not be really obvious to college kids looking to gain an edge.
I also hope some of you who have graduated consider taking a course from time to time to broaden your horizons. We all get wrapped up in our own worldviews.
Life's a never ending curriculum.
Let's go back to school...