I've finished most of my General Education courses and now need to start on my core classes. I'm confused about which degree is best. I would love to land a career that has something to do with the stock market. I know where I want to be but don't know what degree is the best to get me there. I was hoping to get everyone's opinion on which degree is best for the type of career I want to be in.
What Major To Become A Stock Trader?
Choosing a major can feel like a huge decision but it all comes down to how you sell it. You want to make sure you are in a good university. This will open doors for networking and internships. A good school also looks good on a resume. Getting into a recognized university should be a top priority. You want to avoid distance learning if you're serious about a job on Wall Street because of the networking advantages of a school where recruiting events often take place.
Your major plays s small role compared to the school you are in when looking for a future on Wall Street.
According to Wall Street Oasis member, more important than your major is:
- Figuring out exactly what you want to do as a career. (make everything down below easier).
- Going to the right school that can help you with that. (make everything down below much easier).
- Proactively networking with the right people. (doing above makes this easier)
- Learning about the industry and building your knowledge base. (doing above makes this easier).
- Having solid work experience and industry required skill sets. (doing above makes this easier).
- Working on your interview skills and securing a full time position. (doing all above make this easier).
Accounting vs. Economics vs. Finance
While a firm foundation in accounting is important for any career in Wall Street, you aren't likely to need a major in it unless you plan to be an Accountant. You can choose either a major in economics or finance and include a minor in accounting and other related classes to demonstrate a grasp on the topics.
To view the full graphic visit the Top Universities website.
All three majors have benefits. Watch this video comparing economics, accounting, and finance majors.
More important than your major is the that you have classes which demonstrate both an interest in and knowledge of banking. Having the required classes in these topics and doing well in them will get you as far as a banking-specific major.
In my opinion, the major is almost irrelevant. Key thing is to take (And list on your resume) classes that are relevant to banking. I have frequently accepted strong computer science, engineering as well as political science and english majors, as long as they have taken the requisite classes.
Key classes are: accounting, corporate finance, statistics, an advanced math class (advanced calculus or DiffEq). These classes serve to supplement your skill set as well as show that you are serious enough investment banking and have enough foresight to include these classes in your curriculum.
Read More About Education For Wall Street Careers On WSO
- Why Do A Ph.D In Finaince
- Economics Or Finance Major For Consulting Careers
- What is the average GPA of Graduating MBA Students?
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