Undergrad Degree = Deal Breaker?

Hi,

I'm a 2nd year university student studying Psychology (dumb move I know), but I know my technicals inside out and interned last summer at a Big Four, I've managed to networked my butt off (with the help of some family connections) for an internship next summer at a middle market i-Bank.

This summer I have the choice of either taking an internship at a prestigious Consulting Firm or taking a few business courses to switch into the Economics Major for a BA instead of my BSc, but it'll require one more year at school than if I just graduated with the BSc.

The question "Why didn't you study business during undergrad" during an interview for full-time constantly keeps me up at night, and I'd very much appreciate it if anyone can chime in with some advice to help me make my choice.

Sincerely, -Mephisto

13 Comments
 

your major doesn't really matter (unless it's something VERY soft which psych isn't), but your school does. most firms would rather take a princeton english major than a state school finance major, all else equal. psych is a solid major and i think as long as you demonstrate you know your finance shit it won't be a big deal at all

if anything, firms only judge your major by how hard it is, so engineering/math/CS/sciences actually looks better than economics/finance/business, which then looks slightly better than psych but not my much

 

It depends if you you went to target or not. target schools can major in anything they want; on the other hand, non-targets have to major in business or something difficult to show aptitude and interest.

 

^^Stat Quo: Mercer

Thanks for the quick reply guys I really appreciate it.

I also minor in Economics and Statistics, I'm guessing putting "Honors Bachelor of Science: Economics, Statistics, Psychology" on my resume in this order would be rather risky? (it's not lying but still might piss off some interviewers, right?)

"The only thing that history teaches us, is that history doesn't teach us anything" -Michael Lewis
 

You're doing enough to balance it out and demonstrate interest by having the two minors, the MM IBD internship, and mastery of your technicals. I wouldn't worry about it too much.

I am permanently behind on PMs, it's not personal.
 

If you're a psych major, it's only more impressive in an interview when you crush any technical question, because they won't be expecting it. You just have to address the "why psych?" and the "are you really interested in finance?" questions very logically in your walk through your resume-make it a story.

 

^^ mxc: just trying to be pc, thanks anyways

Hey guys I was also wondering if putting my minors first (Honors Bach. of Sc: Economics, Statistics, Psychology) on my resume would risk pissing interviewers off?

"The only thing that history teaches us, is that history doesn't teach us anything" -Michael Lewis
 

Seems misleading. I wouldn't do it given your other experience. Just make it a very clear bullet under your education / university. People are going to be paying more attention to your MM IB experience.

People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.
 

Libero excepturi dolorem officiis non. Sed hic laudantium enim corrupti consequatur. Est expedita error est asperiores. Laudantium exercitationem cupiditate aut deserunt ut magni ratione harum. Doloremque animi sint ipsam dolorem illum harum. Rem illo omnis est consequuntur libero. Quia repellat et velit et est provident. Et necessitatibus porro ea dolorem rerum nemo.

Earum aliquid beatae ut id. Tempora non minus mollitia maiores. Facilis doloremque optio est deserunt optio. Facere dignissimos voluptatibus quia voluptatem delectus.

Velit illo aut occaecati consequatur ea. Ut exercitationem amet nemo voluptas. Et blanditiis ullam et perspiciatis qui unde. Fugiat quia et sunt consequatur dolorum. Velit nobis rem incidunt voluptas autem cum veniam.

Minima est eius molestiae nobis dolor. Laudantium qui quam eum libero molestiae. Modi soluta consequuntur accusantium provident. Dolorem dolorem laudantium rerum non et.

"The only thing that history teaches us, is that history doesn't teach us anything" -Michael Lewis

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”