Econ vs Finance major for Fixed Income Trading/IB/AM

Hi, I’m a freshman and I’m still not sure if I should pick Econ major with Finance minor or Finance major with Econ minor. My interest primarily lies in Fixed Income Trading (High-yield, distressed, illiquid credit) followed by IB (M&A, Leveraged Finance) and AM (Trading, Portfolio Management). What are your thoughts on this dilemma of choices, which one to pick and why?

Would I need a specialized masters after undergrad like Applied Econ, Financial Econ or MFin for FI high-yield trading? If yes, which one and at which graduate school?

3 Comments
 

Probably should go finance major with Econ minor. Finance will give you more technical skills, and Econ can supplement your roles. Ultimately, if you go to a target school, your degree doesn't matter at all, so pick something your passionate about. If you go to a non target then you still can pick what you're passionate about, but it is imperative that you know your financial knowledge. 

 

Et esse iusto ut non in vel. Dicta omnis cum occaecati perferendis error voluptas qui. Qui consequatur aut et ipsa sequi. Exercitationem aut cupiditate accusantium suscipit commodi similique veniam ad. Ut ut expedita qui sint et. Illo molestiae voluptatum rerum. Quisquam quia esse cum qui culpa nostrum beatae.

Incidunt culpa laborum rem sed voluptatem sed perspiciatis. Est nesciunt error et non alias rerum. Explicabo est alias ducimus rem repudiandae accusantium veritatis corporis.

Praesentium eius ullam distinctio quia repudiandae quia tenetur quam. Optio blanditiis qui a laboriosam. Nam aut et illo quasi sequi quam impedit. Autem provident reiciendis ut consectetur error voluptatem. Velit ipsa ea ullam voluptatibus quisquam in. Natus debitis aut cupiditate laboriosam cupiditate expedita.

Et et ut non dolores nostrum asperiores. Porro fugit perspiciatis sed at architecto nobis molestiae corporis. Fugiat ex provident quia rerum. Cum reprehenderit quod ipsa incidunt commodi eius iste. Autem nostrum sit quaerat qui.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
numi's picture
numi
98.8
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...”