As a current senior, I am taking economics. Sadly my school does not offer AP micro or macro econ classes, so I am going to do a self study in one of them (maybe by myself or with 3 friends). If I am interested in exploring the world of finance and investment banking, which would you recommend? Thank you for your advice :)
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I self-studied and took both in high school; I recommend you do the same.
Use the book "Macroeconomics in Modules" for macro, and Krugman's Economics for AP for micro. Go on libgen.io to find the pdfs if you don't want to spend the money on the books. The topics may be conceptually difficult for beginners so watch lots of YouTube videos to understand the concepts.
If you had to choose 1, go with macro; not only do you get exposed to micro chapters as you're studying, but the content is actually meaningful and much more applicable to the real world.
Edit: if you don't have time or you find yourself too busy, don't worry about these APs. Focusing on getting in a target should be the paramount objective.
Thank you for the info, I will definitely look into the textbooks! I don't really understand this whole target, semi-target school thing. The schools that I am applying to into Vanderbilt, Dartmouth, UPenn (lol), Cornell, and, now for the realist schools UGA, Furman, and Berry. Are Furman and UGA non targets, semis, or targets? Also, how important is the name of the college that you attend (is it better to be the presidential scholarship kid at Berry and do a lot there, or be a below average kid at Dartmouth or Cornell?). Thank you
UGA, Furman, and Berry would all be considered non-targets for the most part. And I would say name of college is definitely more important. While being the top of the class at a lesser school would help you stand out, the brand name alone of an Ivy League school will open many doors for you, especially if you're interested in finance. Of course, this also depends on how low of a GPA we're talking at Dartmouth/Cornell, and how much networking you'd be able to do at whatever school you choose.
That is definitely sad to hear. I thought that this was true, especially in finance, but hoped that peoples' achievements would speak louder than being the alumni of a big school. I understand why companies do this (only hire people from top 15 or top 30 colleges), but wonder how much talent they lose by limiting themselves to only those colleges. People are so much more than their diploma. I also wonder if these hiring practices effect the culture at these firms and their employees' outlook.
Just my anecdotal example. I "know", and I use the term loosely, four people in finance who used to work at Goldman Sachs. All graduated from Harvard. And all became (or were to start with) fairly bad, mean people. I understand that this is not the norm, but the culture of elitism can definitely ruin relationships and corrupt people. (I am not saying that people at GS or Harvard grads are all elitists or bad people, only that some are or rather become those things).
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