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Wall Street Oasis » Forums » Business School Barrage
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The numbers side of business - blah
 

TheGuzzle's picture
TheGuzzle
     
 
(Chimp, 5
 
Points)
 on 8/26/12 at 1:00am
side of business.jpg

Hello all, new member here.

Anyway, Im starting freshman year at college in the business program. I go to what i consider a pretty good school. Ive read its pretty wise to keep anonymous on the forum, so Ill just say its a top 50 business school, and a top 50 school in the states according to all rankings.

Anyway, Ive always been very attracted to the creative side of business - advertising, marketing, campaigns, and Ive always wanted to become a creative director or a marketing manager for a company.

However, my business curriculum is very rigorous in the numbers part of business....accounting, financing, economics. And ultimately, by the end of the year Im going to have a pick a concentration area for business. Aka, do I want be in marketing, or do I want to be in accounting.

My question is, has anyone tried to take both career paths (creative and quantitative) in business after/during college, and which one did you find offered more/better job opportunities. I would love to hear any opinions or experiences.

My conflict is that I am very good at the creative side of business. I have impeccable communication and presentation skills, and I am very interesting in marketing and advertising. However, I feel the job field is much more ambiguous and harder to break into than if I were to focus on accounting, financing, economics...

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Tags:
  • business
  • Business School Barrage
Ron Paul's picture

Marketing gets you a job at

Ron Paul
     
 
(Senior Gorilla, 916
 
Points)
 on 8/25/12 at 2:51am

Marketing gets you a job at burger king.

And I'm not just some asshole giving you a smart ass quip. That's the truth. Marketing majors generally go nowhere.

Also, it's much much easier to major in finance or accounting and break into marketing than vice versa. Like many people, my sister is in sales and wishes she'd stuck it out and majored in finance even though she had no love for the subject. I've seen lots of sales guys with finance/accounting majors, it helped them break into the sales side of finance more than a marketing degree would have. You can always learn marketing later, it's all common sense really. That's all I've got. Choose wisely, you only do college once.

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Proboscis's picture

Also, while the marketing

Proboscis
      CO
 
(King Kong, 1,041
 
Points)
 on 8/25/12 at 3:23am

Also, while the marketing courses in your program may or may not reflect it, marketing requires much more analytics/quantitative comfort than you'd likely expect.

Proboscis

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TheGuzzle's picture

Ron Paul: Marketing gets you

TheGuzzle
     
 
(Chimp, 5
 
Points)
 on 8/25/12 at 4:24am
Ron Paul:

Marketing gets you a job at burger king.

And I'm not just some asshole giving you a smart ass quip. That's the truth. Marketing majors generally go nowhere.

Also, it's much much easier to major in finance or accounting and break into marketing than vice versa. Like many people, my sister is in sales and wishes she'd stuck it out and majored in finance even though she had no love for the subject. I've seen lots of sales guys with finance/accounting majors, it helped them break into the sales side of finance more than a marketing degree would have. You can always learn marketing later, it's all common sense really. That's all I've got. Choose wisely, you only do college once.

I would honestly have to disagree to a certain extent. I think just as many finance/accounting majors end up at "burger king" jobs. Obviously there is going to be a bias on this forum, which specializes in finance, but you even have to admit that a lot of college is how much effort you put it into. With the right grades, the right networking, and the proper skill set, im sure one can go further with a focus on marketing than just "burger king". Just as in finance, Im sure those that clowned around in college are in "burger king" jobs as well.

Thank you though for the response, I do appreciate it. While I disagree on the extremity of your opinion, I do see its validity.

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TheGuzzle's picture

Proboscis: Also, while the

TheGuzzle
     
 
(Chimp, 5
 
Points)
 on 8/25/12 at 4:28am
Proboscis:

Also, while the marketing courses in your program may or may not reflect it, marketing requires much more analytics/quantitative comfort than you'd likely expect.

Completely understand. Fortunately, our business program gives you a good dose of everything, and even with picking a concentration, you still practice a good amount of accounting, financing, and economics. Because of that, I'll be walking out with a general business degree, just with more knowledge on certain parts. Ultimately, I'll have to use that knowledge to chisel down to a more specific subject in business.

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SirTradesaLot's picture

I would do neither and would

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,521
 
Points)
 on 8/25/12 at 7:20am

I would do neither and would do something STEM if I had to do it all over again. Those are the things that you're not going to easily learn on the job.

You know 80% of everything you need to know about marketing right now...most of it is common sense. The rest of it is data mining for targeting. I agree with the other guys above.. You may not end up flipping burgers at Burger King, but you may be figuring out what coupons you should be delivering on the take-away bag or the paper tray cover for the Burger Kings in Tampa. On second thought, flipping burgers doesn't sound so bad.

Turbo leverage for capital explosion -- BD Capital

My WSO Blog

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SonnyZH's picture

Marketing major = not very

SonnyZH
      HF
 
(Senior Gorilla, 986
 
Points)
 on 8/25/12 at 10:10am

Marketing major = not very exit opps.

Major in finance, economics, or related and make the move if you want.

The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.

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gorillaaxe's picture

I agree with the others.

gorillaaxe
      ST
 
(Monkey, 57
 
Points)
 on 8/25/12 at 10:39am

I agree with the others. Finance, accounting or dare I say law school... BTW all of those bullshit classes you think your taking are laying down the foundation for what you will carry with you for the rest of your life. If I could do it all over again I would have went to law school and then MBA. After that with a little experience under your belt and a hustler's ambition the world is yours.

-Gorilla A.

-------------------
“I've forgotten who I had lunch with earlier, and even more important, where.”
― Bret Easton Ellis, American Psycho

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brutalglide's picture

Bullshit about marketing not

brutalglide
      VC
 
(Senior Orangutan, 451
 
Points)
 on 8/25/12 at 12:07pm

Bullshit about marketing not having exit opps/being a terrible career choice. Most people here have no idea what a good marketing job is. Product Management pays very well out of school and the experience is highly valued among many companies. In fact, if you go look up top level execs or even look at VC/MBB people, you'll quickly find that MANY people have product management experience. Additionally, many companies won't even consider undergrads for product management roles and only hire out of MBA programs. I have multiple friends doing product management at top F500 companies and started at packages over 80k+ right out of undergrad. Keep in mind most of the people here are so finance-driven they don't realize you can be very successful in other careers.

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SirTradesaLot's picture

brutalglide: Bullshit about

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,521
 
Points)
 on 8/25/12 at 12:14pm
brutalglide:

Bullshit about marketing not having exit opps/being a terrible career choice. Most people here have no idea what a good marketing job is. Product Management pays very well out of school and the experience is highly valued among many companies. In fact, if you go look up top level execs or even look at VC/MBB people, you'll quickly find that MANY people have product management experience. Additionally, many companies won't even consider undergrads for product management roles and only hire out of MBA programs. I have multiple friends doing product management at top F500 companies and started at packages over 80k+ right out of undergrad. Keep in mind most of the people here are so finance-driven they don't realize you can be very successful in other careers.

It is true that you can have a successful career in marketing. It is also true that you don't need to major in marketing in college to have one.

Google is basically a marketing firm, with a search engine to provide millions of targeted audiences for their advertisers. The people with STEM degrees who can help optimize revenue by segmenting the audience are probably in higher demand than a traditional marketing major. The quants have started taking over marketing as well. It's not like Mad Men, anymore than Wall Street is models & bottles.

Turbo leverage for capital explosion -- BD Capital

My WSO Blog

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bankerella's picture

TheGuzzle: Hello all, new

bankerella
      IB
 
 
(King Kong, 1,869
 
Points)
 on 8/25/12 at 12:17pm
TheGuzzle:

Hello all, new member here.

Anyway, Im starting freshman year at college in the business program. I go to what i consider a pretty good school. Ive read its pretty wise to keep anonymous on the forum, so Ill just say its a top 50 business school, and a top 50 school in the states according to all rankings.

Anyway, Ive always been very attracted to the creative side of business - advertising, marketing, campaigns, and Ive always wanted to become a creative director or a marketing manager for a company.

However, my business curriculum is very rigorous in the numbers part of business....accounting, financing, economics. And ultimately, by the end of the year Im going to have a pick a concentration area for business. Aka, do I want be in marketing, or do I want to be in accounting.

My question is, has anyone tried to take both career paths (creative and quantitative) in business after/during college, and which one did you find offered more/better job opportunities. I would love to hear any opinions or experiences.

My conflict is that I am very good at the creative side of business. I have impeccable communication and presentation skills, and I am very interesting in marketing and advertising. However, I feel the job field is much more ambiguous and harder to break into than if I were to focus on accounting, financing, economics...

Hah, when I was an undergraduate I thought marketing was about qualitative and creative stuff too. But it isn't. Advertising is only a small fragment of marketing. And the most quantitative shit I have seen in the business world was the statistical methods used in optimizing marketing spend and advertising budget.

You, my friend, sound like you want to be in PR. Or a more senior ad-industry creative. If you put in enough years slogging away at non-creative stuff in those roles, you'll be allowed to do something creative by the time you're thirty. If you can't handle the numbers side of business, you're not going to make it anywhere else. On the marketing side, all roads lead to product manager... and you will want to be extremely comfortable with statistical methods in order to do well there.

That said, accounting is the least quantitative of the business disciplines. All you need there is elementary school math. Corporate finance is high school math, aka time value of money, pre-calc, etc. Marketing, trading, and asset management are college and grad school math, aka statistics and so forth. So if I were you, assuming you can add, subtract, multiply, and divide, I'd go for accounting and take it to a corporate finance route.

As for your creative urge, either switch to art school or do what the rest of us do and work on a novel or whatever in the free time you have left over from making all that bank and spending it.

See my other WSO blog posts

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That_Aston's picture

The marketing major is the

That_Aston
      CF
 
(Gorilla, 574
 
Points)
 on 8/25/12 at 12:26pm

The marketing major is the trendiest offered currently on American campuses. It's also the biggest joke.

Here to learn and hopefully pass on some knowledge as well. SB if I helped.

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kenripley's picture

In general hard skill courses

kenripley
     
 
(Chimp, 15
 
Points)
 on 8/25/12 at 12:53pm

In general hard skill courses (engineering, finance) help much more than soft (communications, marketing)

For e.g. someone with an engineering degree or finance / quant but has great communication / presentation skills has a big advantage. Besides, with good training, it's not incredibly hard to gain some of those presentation skills and more structured approach to marketing. But you can't graduate with marketing and hope to become someone proficient in finance with some "training", just sayin'.

kenfucius says

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Cruncharoo's picture

You are going to need some

Cruncharoo
      CO
 
 
(Gorilla, 698
 
Points)
 on 8/25/12 at 1:26pm

You are going to need some programming or graphic design skills to get into the ad world, especially if you wanna be a UX designer or something similar. Stuff like PHP, javascript and HTML will help you immensely break into this business. Don't waste your time doing something that you don't want to do just because it's 'safer,' you will regret that decision and ultimately go back to do what you are passionate about but this time you'll be 5 years older, already in debt and likely have way more responsibilities.

This to all my hatin' folks seeing me getting guac right now..

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brutalglide's picture

SirTradesaLot: brutalglide:

brutalglide
      VC
 
(Senior Orangutan, 451
 
Points)
 on 8/26/12 at 1:42am
SirTradesaLot:
brutalglide:

Bullshit about marketing not having exit opps/being a terrible career choice. Most people here have no idea what a good marketing job is. Product Management pays very well out of school and the experience is highly valued among many companies. In fact, if you go look up top level execs or even look at VC/MBB people, you'll quickly find that MANY people have product management experience. Additionally, many companies won't even consider undergrads for product management roles and only hire out of MBA programs. I have multiple friends doing product management at top F500 companies and started at packages over 80k+ right out of undergrad. Keep in mind most of the people here are so finance-driven they don't realize you can be very successful in other careers.

It is true that you can have a successful career in marketing. It is also true that you don't need to major in marketing in college to have one.

Google is basically a marketing firm, with a search engine to provide millions of targeted audiences for their advertisers. The people with STEM degrees who can help optimize revenue by segmenting the audience are probably in higher demand than a traditional marketing major. The quants have started taking over marketing as well. It's not like Mad Men, anymore than Wall Street is models & bottles.

For you to call Google a marketing firm shows that you have no understanding between the difference in product marketing, product management, and advertising. Google is an ADVERTISING company that employs many many many times more ad sales guys than marketers. STEM degrees do not teach you the soft skills you need for product management. I don't disagree with the fact that STEM degrees are very helpful for learning the hard skills that are required, but they do little for teaching you the soft skills that you will need.

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blastoise's picture

i'm not a marketing major,

blastoise
      O
 
(Senior Neanderthal, 4,380
 
Points)
 on 8/26/12 at 3:10am

i'm not a marketing major, but have had no problems getting intervews/offers for marketing jobs/internships

but I did have 1 previous marketing internship

<3 andy & patrick

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accountingbyday's picture

There is a lot of good advice

accountingbyday
      CF
 
 
(Senior Gorilla, 822
 
Points)
 on 8/26/12 at 1:17pm
You must be signed in to read advice below.
Sign In with FacebookSign In with Google
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MonkeyMath's picture

I work in marketing. I sit

MonkeyMath
      CO
 
(Baboon, 139
 
Points)
 on 8/26/12 at 1:56pm
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MonkeyWrench's picture

MonkeyMath: I work in

MonkeyWrench
      O
 
(Senior Monkey, 77
 
Points)
 on 8/26/12 at 2:14pm

"Who am I? I'm the guy that does his job. You must be the other guy."

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blastoise's picture

Agreed with what?

blastoise
      O
 
(Senior Neanderthal, 4,380
 
Points)
 on 8/26/12 at 3:19pm
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chicandtoughness's picture

Bankerella knows what she's

chicandtoughness
      CS
 
 
(Senior Gorilla, 980
 
Points)
 on 8/26/12 at 8:41pm

"Accept no one's definition of your life; define yourself."
Currently: quantitative marketing/business development
Previously: management consulting, investment banking

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Bondarb's picture

bankerella: TheGuzzle: Hell

Bondarb
      HF
 
 
(Neanderthal, 2,285
 
Points)
 on 8/26/12 at 11:26pm
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StyleT's picture

Proboscis: Also, while the

StyleT
     
 
(Senior Baboon, 185
 
Points)
 on 8/27/12 at 3:43pm
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pechamp's picture

Depends on what products you

pechamp
     
 
(Chimp, 6
 
Points)
 on 8/27/12 at 7:58pm
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Bondarb's picture

pechamp: Depends on what

Bondarb
      HF
 
 
(Neanderthal, 2,285
 
Points)
 on 8/28/12 at 7:50pm
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The Web Site may contain links to third party web sites. These links are provided solely as a convenience to you and not as an endorsement by the Company of the contents on such third-party Web sites. The Company is not responsible for the content of linked third-party sites and does not make any representations regarding the content or accuracy of materials on such third party Web sites. If you decide to access linked third party Web sites, you do so at your own risk.

No Resale or Unauthorized Commercial Use.

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Limitation of Liability.

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Termination.

The Company reserves the right, at its sole discretion, to pursue all of its legal remedies, including but not limited to immediate termination of your registration with or ability to access the Web Site and/or any other service provided to you by the Company, upon any breach by you of these Terms and Conditions or if the Company is unable to verify or authenticate any information you submit to the Web Site registration with or ability to access the Web Site.

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You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

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Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

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The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

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    Essential readings
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    ER graduate analyst job at a no-name shop vs. Summer Associate at BB
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I was writing an email to a fellow monkey who is about to start as a banking analyst in the summer. It's been a little over 5 yrs now since I was a wee young first-year analyst in restructuring for one of the Moelis/Houlihan/Evercore type firms (I call them the firms where most people will...
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<em>Mod note: Best of Bankerella - this was originally posted 10/1/12</em> I occasionally get PMed by people at colleges I’ve never heard of before, asking if they have a shot at IBD. Folks, why IBD? The finance world is broad and varied, and there are a million ways to...
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Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
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