Advice: What Minor or Major is Most Valuable?
Hey Monkeys,
I am a sophomore business student and I have a very weak idea for what dual minor/major I should pursue!
I know Statistics and Economics are fantastic, I tried to see if an Architectural minor was feasible, but no dice and the major is a pain - I would have mainly done it from straight interest. There are maybe 200 Liberal degrees that aren't serious choices for me and I just wanted to get y'all opinions.
Does anyone have particular advice as to what additional field would be super useful for someone in my position? (I want to head into REPE, pursue development as well, etc.)
Whichever one comes from an Ivy League school?
Honestly in real estate your major doesn't matter. Take finance classes and some electives that teach you how to write.
I would suggest anything that requires you to develop a thesis, research, and present your findings. The "finesse" you get from an english, creative writing, or a poetry class is not that important. Knowing how to present and argument and back your claims will be more beneficial (history, economics, politics, etc. come to mind).
If you want to be in the business world, you absolutely cannot go wrong with a finance major and a minor in accounting. I would try to sprinkle in some real estate electives, but keep your education as broad as possible. You’ll probably switch your desired career path 3-4 times between now and graduation.
I may have a bias opinion since I was a finance major, but I feel like unless you go to an ivy, lacking a relevant degree is an insta-ding. A lot of people say that you can learn everything you need to know on the job. I would tend to agree, but you’re probably going to suffer from black box syndrome and lack the fundamental knowledge of some very critical concepts. There are WAY too many people in this industry that can’t tell you what IRR, NPV, time value of money, etc mean at a fundamental level.
Most top schools don’t offer finance major....
If a school offers finance and accounting major, you insta-know it’s not a elite private college lol
not sure why the MS. He’s right, top PRIVATE schools have Economics.
I would minor in architecture. Not even a question, but your school needs to have a good arch program for this to make sense. Good architecture understanding makes the best developers and REPE guys. Anyone can learn finance, not everyone can or wants to learn what makes projects successful and relevant. This is how you create value.
Nobody cares at all. Your major, even, is only moderately important to help you land your first real estate job. After that, once again nobody cares.