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So basically, I'm a junior at a non-target and I need help deciding on whether I should major in finance or accounting (no, a double major is not possible, so please don't say do both) and whether I should pursue banking or consulting. I have a few possible dream scenarios in terms of where I want my career to eventually take me:
- High-level financial manager at a large company. It doesn't have to be F500, but a large company with good growth prospects that I can grow while I'm a manager would be excellent.
- A key player in the corporate development/corporate strategy team where I can play a key role in helping the business grow and become more competitive/profitable.
- Start my own company with some other entrepreneurial people and apply skills that all of us learned from our jobs to hopefully grow the company. This one is a helluva lot less realistic to pursue full-time but any job that will allow me to work with creative people where this may be possible would be awesome.
In addition to this, I'd want to pursue any of these in an emerging market, particularly back where my family is from in case that matters.
Decision 1: Major in finance or accounting. Basically, I need to figure out whether its easier/more beneficial to major in finance, endure stuff that I might not need such as portfolio theory, and learn accounting on my own (I have an intermediate accounting textbook so that's doable) or major in accounting, endure shit I don't need like taxation/auditing, and learn valuation/modeling on my own. Finance is a bit more flexible and I might be able to graduate a bit sooner and have more time to do other stuff while majoring in that, but accounting has more jobs open (and I'm not talking about the Big Whore or other accounting firms).
Decision 2: Pursue Consulting or I-Banking. I know that I want to do something in financial management, be it as a general financial manager such as VP of finance, corp development/strategy, or start my own firm. The thing is, which would be best for this? Consulting will give me all the softs/problem solving skills I need, but banking will give me the valuation/excel skills I'd need. Furthermore, "good" consulting experience will be much harder to get becauseare even more selective than banks, and boutique investment banks (even outside of and all) will probably offer a better experience than most boutique consulting firms. So in terms of both ease of breaking in and quality/relevance of experience, which is better for me to pursue?
-Junior at non-target with good GPA but otherwise non-stellar resume.
-Want to pursue either financial management at a large company, corp development/corp strategy at a large company, or start my own company for my career goals
-Need to decide whether I want to major in finance and learn intermediate accounting on the side or major in accounting and read about DCFs/Valuations on the side. Finance gives me more flexibility/time to pursue other things since its easier, accounting has more jobs and is harder to get a good GPA in.
-Deciding between i-banking and consulting. Banking is easier to get into (BBs are easier than MBB, regional boutiques aren't too hard to get into but are unpredictable in hiring), will give me hard skills such as valuations/excel but lack the soft skills and big picture problem-solving consulting will involve that I need in . Consulting is much harder to get into at the top levels, small consulting shops will have questionable training compared to small banking shops, I will lack the hard skills, but will directly be involved in business strategy at large corporations and will develop good soft skills/problem-solving ability
-What would you recommend I do?