School advice
I am a junior in college majoring in accounting. I am looking into grad school and had a couple of questions:
1) I noticed many people decide to get their MBA's after they get work experience but is it bad to get your MBA right out of undergrad? would you even be considered by any decent schools?
2) I am looking into wealth management but could not find any school with a program with these exact words. when a business school has a managment program, what exactly does that mean? is it wealth mangement?
3)Does the name of the business school you attend always matter (for recruiters)? I was told that in the accouting field (masters of accounting), it does not really matter as long as youre ready to sit for the CPA exam by the time you graduate.
Thanks for any advice!
1) Yes it is bad to get MBA right from undergrad for several reasons. Any decent MBA requires 3-5 years of work experience in order to get in. While your doing the MBA, you will be doing case studies that require real world experience in order to complete. Also, from a recruiting standpoint. You won't really have work experience when you are interviewing and you will be competing against other students with years of relevant work experience. The name of your business school matters a lot. Masters of Accounting does not focus so much on name recognition (although it does exist), Accounting is a very regional field so where you get your degree is most likely where you will end up working because local firms will recruit from that school.
Asset Management is a larger field and Wealth Management is a subgroup of that field. Asset Management would be covered in Finance courses, not management courses--which focus on managing people and companies (not investments or other people's money). You should be looking at portfolio management classes to learn more about wealth management.
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