Does my business concentration matter?

I'm currently an undergrad majoring in business administration and was planning on declaring a finance concentration soon, since I want to go in the finance industry. However, I found out today that my concentration is not reported on any official documents, such as the degree or the transcript, except that it shows that I took finance classes on my transcript.

So... does your concentration matter to recruiters, for IB or for other finance employers?

If it doesn't, wouldn't I be better off declaring an easier concentration?

22 Comments
 

Depends on how your school works... At mine it's harder to take the finance classes you would want to be knowledgeable about investments and finance without being a finance concentrator.

MM IB -> Corporate Development -> Strategic Finance
 

You could declare an easier concentration, but if you're planning to enter the finance industry, wouldn't it be better to study finance now so that you'll be better equipped with technical knowledge to excel in that field? If you cannot handle the rigors of undergraduate finance modules, are you certain that you're ready to pursue a job in finance?

It's an entirely different issue if you want to pursue your interest in the liberal arts/sciences, but it seems like you're now looking for the easy way out. Would advise you not to do that. Just my 2 cents.

 

I spoke to my advisor, who suggested that I broader range of advanced business classes would be better than taking mainly/all finance classes. After all, Wall Street hires many ivy leaguers who didn't even have ug business schools.

I was just wondering if I don't declare a finance concentration (and its not even recorded on the transcripts), can that hinder me in the job process or in the future in any way?

 
Best Response
crazi4ibI spoke to my advisor, who suggested that I broader range of advanced business classes would be better than taking mainly/all finance classes. After all, Wall Street hires many ivy leaguers who didn't even have ug business schools.

I was just wondering if I don't declare a finance concentration (and its not even recorded on the transcripts), can that hinder me in the job process or in the future in any way?

Obviously you should take a broad range of classes, you don't want to pigeonhole yourself into one area. But don't skirt finance classes over other classes.

Ivy Leaguers are on Wall Street because they are Ivy Leaguers. They're intelligent enough to pick it up as they go. If you're not an Ivy Leaguer, you want to show employers that you know your shit.

MM IB -> Corporate Development -> Strategic Finance
 

you can do concentration in other areas and still end up being successful with finance/ib recruiting - but recruiters are gonna ask you/themselves "why would I hire a random marketing guy over a finance guy?" This means you better have a good reason why you chose to major in sth else (to broaden my perspective etc is a shitty answer) and you need a stellar gpa (3.8+) to get their attention in the first place.

 

If I do take finance classes, I am planning on taking them pass/fail while studying abroad. Would recruiters see that as a cheap move?

 
SECfinanceOK, I'm not responding anymore.

wow okay... i am just trying to get answers. i, like everyone else, have a lot on my plate to deal with right now that you have no idea about

 
crazi4ib
SECfinanceOK, I'm not responding anymore.

wow okay... i am just trying to get answers. i, like everyone else, have a lot on my plate to deal with right now that you have no idea about

Congrats, but I'm not going to waste my time on you if you're serious about taking finance classes pass/fail while studying abroad.

MM IB -> Corporate Development -> Strategic Finance
 

Can you not take Real Estate classes as an elective if you're a Finance/CorpFin concentration? Either way, if Real Estate is what you want to do, then go for it. You'll like your classes more, and that will hopefully translate into a better GPA. Speaking to some of my friends at Carolina, it doesn't seem like your BSBA concentration has a much of an effect on job prospects.

 

I went to Carolina (KF). If you keep a 3.75+, getting into the b-school shouldn't be a problem. Getting into banking is pretty difficult unless you have solid connections or can network well. The best advice I can give an out of stater is to check out greek life the first couple weeks. It'll really help with the transition and maybe even internships. Congrats and go heels!

 

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