undergraduate degrees?
i am going to start this september as a student at the London School of Economics for a Bsc in Government and Economics. i was wondering if it would harm my chances at recruitment by firms in the US if I did not attend an Ivy League school (i am an american)? also would it matter if my degree is in Government and Economics, would I still have the same chances of being recruited as a student who took straight economics? also i am actually quite untalented in math despite the fact that i have taken 2 years of calculus in high school and i was wondering if this would hinder me greatly in a career in ibanking?
btw, is the LSE well known and respected in the US in the area of ibanking, i mean if its not i guess i will transfer to cornell or something next year
LSE is prettty gd.
LSE is legit
Obviously you're more of a target school for London-based banks, or London-based offices of BB's, but if you make that extra effort you can make it back to the US.
but would my degree in gov and econ harm me, should i just transfer to just econ instead?
Is Gov't and Econ one major, or two separate double majors? If it is the latter, you're fine. If not, econ is more marketable, but I've definitely seen gov't majors get jobs in banking (providing you know your shit).
govt and econ is one major, i think georgetown has this major also but i am not sure if other american schools have this. http://www.lse.ac.uk/resources/undergraduateProspectus2007/courses/Gove…
finance + accounting double major would be the best
if i come from a non target school that no one has ever heard of but double major in accounting and finance (which has always been my intention) will I have a chance?
I also have a question about this. My college doesn't have a degree in Accounting and a degree in Finance. Instead it is a degree in Management with Depth of Knowledge Concentrations.
I think you can only concentrate in one area but I will have to ask to make sure.
These are the three I am considering: Accounting, Finance, and International Economics and Finance.
Now I could do one of those three concentrations and minor in Global Economy or Comparitive Market Economics.
Does anyone here have any advice on which path would better prepare me?
To the kid @ LSE: Plenty of american schools offered jointed majors in govt/econ fields. I go to Tulane University and they offer a political economy degree. Depending on what field in IB you want to pursue, you may not need to "switch" majors. Backgrounds in government can be useful in certain aspects of trading and research, however, would not really help if you were thinking about IBD. On the plus side, sticking with your current major allows you to market yourself to BB's as someone with a more unique background (ie. your background in govt allows you to be able to read govt actions and policies and how that will translate to the markets and businesses). You want to be able to set yourself apart and if you know your stuff you will be fine.
To the kid from the no-name school: Accounting is not very necessary in IB. Although it would be the second most relevant major to the field after Finance, there is little use for it. How are you going to explain in an interview why you bothered picking up the second degree for a job where it really isn't needed? You are better off concentrating on Finance on scoring an impeccably high GPA (or something like this that is going to wow possible employers that you got what it takes). If you are thinking a trading or research route maybe pursue a second major/minor in Math to demonstrate that you have top end quant skills. Also, look to get as much relevant work experience as possible throughout your ugrad years. Anything that will show interviewers on your resume that you have a proven track record that indicates you have the potential to make it in IB the better. Network hard. Once you land that critical interview, assuming you know your stuff like the back of your hand, everything else will fall into place. Worst comes to worst, look to transfer...
To the non ACCT/FIN kid: Go finance. As for your minor it is kind of whatever interests you because the two possibilities will not really be much of a boost to your resume. I do not know of many schools that structure themselves like your's so I am guessing you are a non target kid. Maybe consider a transfer if possible. Otherwise, figure out what in IB you want to do. IBD resumes tend to look a lot different than Trading/Research/Operations/Wealth Management resumes. There is no cookie cutter path to IB. You are better figuring out what you want to specialize/go into and adjusting your major/minor and work experiences in accordance with that. You have your work cut out for you but it's possible...
There is little use for accounting in Ibanking? I beg to differ...
acct is inferior to finance for sure if you are looking to go into IB. there may be some uses, but they are limited. you rarely see people in IBD or trading with acct degrees and that is where all the big money is. anyways, acct is arguably one of the most boring subjects to study ever! all of the important stuff you would learn as an acct major you also learn as a fin major anyhow. my advice to people thinking about going into the industry is do what you think is going to be most applicable to your resume and job field. if acct is in your future go ahead and pick it up as a second major. I warn you, however, most IB jobs do not look for acct majors nor recruit them (hence its limited practicality/use).
Yeah the way my college sets it up is different, but there is no way I can transfer. I will most likely stay at this school and get my MBA.
Here is a link to the program. Take a look at it and tell me what you think. I'm in my second year. I've just been taking the core requirements up to this point.
http://www.hood.edu/academics/catalog_undergrad.cfm?pid=catalog_managem…
and here is the link to the MBA program. http://www.hood.edu/academics/catalog_grad.cfm?pid=catalog_businessAdmi…
Thank you.
The main thing that deters me from getting solely a finance degree is the fact that I have seen what some of the alumni w/ finance degrees are doing now...one I work with is a personal banker (which is my job right now and I dont even have a degree)and the other is a branch manager (a good job but not what I want to do with my life.) So i just don't think the opportunities are there for graduates of my school to break into trading, IB or other competitive fields. So my logic is that getting an accounting degree will help even the playing field for me and give me something to fall back on in case the wall street route doesn't work out for me (ironically my school actually has a respectable accounting program.)
why don't you guys just get economics degrees, i think big corporations like those the best. i find most schools that offer straight finance degrees to be trashy state schools (there are exceptions obviously since i believe wharton does and some others). i mean harvard, yale, princeton, cambridge, chicago are among the best in the world for economics and most respected and not a single one offers finance for undergraduates.
LSE is highly reputable
lots of lse students in my summer intern class
what would be the 'extra' steps that need to be taken to get into US location from LSE?
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