How do the non ivy league econ majors fare?
Hi all, I am applying to college this year and have taken a very keen interest in economics but also want to go into investment banking at a BB, EB, or MM bank. I know that non ivy league finance or business majors at schools such as NYU Stern, ND Mendoza, UVA Mcintire, Emory Goizueta, and many others do very well but I was wondering how the econ majors at top 25 schools that are not ivy leagues fare with recruiting. How do econ majors at Notre Dame, NYU CAS, Emory, UVA, USC, etc do with recruitment to BBs and EBs?
Based on the context, it seems that majoring in economics at a non-Ivy League school can still provide good opportunities in finance and investment banking. Here are some key points:
So, it seems that with good grades, relevant experience, and effective networking, economics majors from non-Ivy League schools can still fare well in recruitment to BBs and EBs.
Thanks Monkey Bot
Mendoza freshman here. Can't speak to the other schools, but you can look at ND's Econ placements here: https://undergradcareers.nd.edu/getting-started/stats-and-outcomes/.
All great schools that will give you an opportunity. It's on you to get the internships, build the resume, and network with professionals.
I was an Econ major at a T25 undergrad (think ND, NYU, Georgetown, UVA, Mich, etc...) With elite schools, it won't make much a difference if you're an Econ or finance major. The only disadvantage is that it would be harder to prep for technicals as an Econ major since you learn so much of the content in finance/accounting classes. That's why I recommend my Econ major friends to take intro accounting and finance just for the fundamentals.
Overall though, I'd recommend majoring in finance if you can, unless you are very interested in pursuing an Econ-related career (like Econ research, Econ consulting, working for the fed, etc...). Econ is cool, but it's super theoretical. The finance major will have you significantly more prepared for jobs in finance.
I do recommend Econ for people who don't know what they want to do, since you can go in so many directions with it (I've seen law school, MBB, IB, Econ consulting, political research, data analytics). I don't know any major that provides the optionality that Econ does for someone who has a general interest in math/business/econ and wants to ensure they get a good job when they graduate. I have Econ friends at top 5 law schools, MBB, top Econ consulting firms, think tanks, the federal reserve, at sports-related company doing analytics, etc...
What if you are not in an elite school (T50/T100)? What are opportunities for econ majors?
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