College Major - Current senior in high school
I'm currently a senior in high school and will likely be attending Michigan next year (I plan on going into IBanking). My plan is to get a BBA with a concentration in Finance and either major/minor in economics/concentrate in accounting. My dad thinks it would be better if I did the finance and got a minor in some type of science (biochemistry, biotech, something along those lines). His rational being that an I-Bank will hire me because of my knowledge of biotech and since there's a lot of new biotech/genetics stuff going on that would be good.
Would a science minor help me or would it just confuse firms when I go for interviews?
Thanks
GPA yields higher importance over interest when taking classes outside the scope of your major.
Study something that carries some weight, get the highest GPA possible. If you are very interested in the stock market already, you will likely be interested in finance. The shorter path is to major in finance, do well and try to break in. The longer path, which can be very rewarding but can be difficult (the way I took) is to differentiate yourself with high gpa in engineering in undergrad, work in that industry for 5 years then get an MBA and move to finance. i.e. engineering--> global top 10 major co-->top MBA-->IB/ER This route is tough and you have to love your undergrad degree program or you will not last. It sounds like you are more into finance just focus on that then....sprinkling some science class here and there is not going to differentiate your resume....hope that helps. Best of luck and enjoy your youth! It slips away faster than you think
I think math, physics, or engineering with some econ and finance is the best combination. But as was stated, GPA usually trumps. Math and engineering can be GPA deflating if you aren't strong in those subjects.
My man always take the path of least resistance. 1. Choose Finance major. 2. Intern like crazy for anything from wealth management to personal financial advisor etc.
Basically you want to have as much finance jargon on there as possible. There is no way you would be denied an interview with a resume like this.
4.0 finance, Job 1 financial advisor, intern 2 wealth or asset management, 3. Investment banking summer analyst 4. Hired.
Now if your resume looked like this.
4.0 Finance/Chem engineering ... goose egg jobs... --> Very low chance interview.
With all that said, if you're some sort of super go getter with an obsession for hard work (that would be great) you can do all of the above and kill it. Given that you're just starting college no need to bite off more than you can chew from the get go since the internship path laid out above is actually easier for you to study as well (PDF stuff and send it to your work email so you can study on the side when it is dead).
Let the journey begin.
Ok thanks. I definitely have a strong interest in finance (I look around this site so..) I think I'd do decent in either an engineering/science field but i feel it would distract from the finance.
Also, a question about college choice. If I have a full ride to Ohio State and an acceptance to Ross, is Ross still the better option given its reputation even though it would cost a lot more (out of state).
Do you already have the full ride offer or just speculating and did you get anything from Mich? Full ride means room & board is covered too (as opposed to full tuition) and if you have a legit full ride then I would take that over any school. At the end of the day, the best of the best will get to the top and school will only somewhat help you to get an entry level position. OSU is a non target while Ross is a lower tier target, but having "full ride" scholarship on your resume is really impressive and the recruiters will take notice of that if you network. This shouldn't even be a consideration IMO, Mich isn't HYP and even then if you aren't loaded, it would make sense to take the T60 full ride if you're going to get an MBA which costs a TON of money. However, if you can afford it or really want the prestige badly then go ahead with Michigan.
I have heard great things about Ross. Met some Ross guys at a superday event, both seemed to love the school and the networking via alumni etc
I think you are looking for http://www.collegeconfidential.com/. And if you think you will do "decent" in engineering/science you will probably fail.
Your college question is much more difficult to answer given the incredibly high debt load students must take on nowadays to obtain an education. This is what you should do.
Now if it's the same you choose the full ride. If it is not the same, doubtful, then you're going to be in a much more difficult situation.
What you want to do is minimize the amount of money to go to school while still obtaining access to top banks. Some schools that come to mind that are cheap include any top 10 public schools WITH a finance program.
Don't have your personal financial situation in front of the screen so that last part is going to be up to you. Notably, a Target is much much much better to attend than a non-target in terms of opportunities.
Hope that helps.
http://fisher.osu.edu/offices/career-management/student-resources/under…
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