Certificate or Honors Thesis

I am a junior at Northwestern University, deciding whether I should pursue an honors thesis in Economics or a financial economics certificate from Kellogg. The economics degree I have is not from Kellogg, as undergraduates are not allowed to take those courses. However, as someone who is entering banking, maybe transferring to the buy-side and getting an MBA later on, would an honors economics thesis be the route to go, or should I pursue a certificate from Kellogg that is geared toward banking and the fields I will be pursuing?

4 Comments
 

Based on the most helpful WSO content, here's what you need to consider:

  1. Honors Thesis in Economics:

    • Completing an honors thesis demonstrates strong research, analytical, and writing skills. It can be particularly valuable if you're considering roles that require deep analytical thinking or if you plan to pursue an MBA later, as it highlights academic rigor and intellectual curiosity.
    • However, its direct relevance to banking or buy-side roles may be limited unless the thesis topic is highly aligned with finance or economics in practice.
  2. Financial Economics Certificate from Kellogg:

    • This certificate is specifically tailored to banking and finance, making it more practical and directly applicable to your career goals in investment banking and transitioning to the buy-side.
    • It could also provide networking opportunities and exposure to Kellogg's resources, which might be advantageous for recruiting and building connections in the industry.

Recommendation: If your primary focus is on entering banking, transitioning to the buy-side, and eventually pursuing an MBA, the Financial Economics Certificate from Kellogg is likely the better choice. It aligns more closely with your career trajectory and offers practical skills and industry relevance that will be immediately beneficial. The honors thesis, while impressive, may not carry the same weight in the finance world unless it directly ties into your career goals.

Sources: https://www.wallstreetoasis.com/forum/school/msc-finance-at-tilburg-university-or-msc-business-economics-financial-economics-major?customgpt=1, Northwestern ECON vs IU Kelley vs Vanderbilt ECON, Q&A: Buy-Side Analyst, Feel Trapped, Exit Opps From Sell-Side ER?, Advice on career and the switch into investment banking

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

probably the certificate, but clubs and internships should be your bigger concern. the classes themselves probably wont matter, just the gpa and school, so prioritize what is actually applicable and what you will get a good gpa in

 

Current NU student - Kellogg FE certificate won't really help your buy-side recruiting outcomes and may impact your GPA as those classes are known to be quite rigorous. As @Paul_Owen mentioned, GPA is way more important so I would just do everything I can to keep that as high as possible. Honors thesis in Econ could have a slight benefit if you write something about private equity/M&A but I doubt most firms will care. Maybe use your time to practice Excel/PPT to make sure you get your return offer for FT.

 

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