Finance and Economics are the best majors

[Scofield]

I don't understand why people are bashing Quant Econ majors here. So they don't take as many "pure" math classes as math majors? Who the **** cares? Go to an Ivy and try majoring in Econ and get back to us with how easy it was. The way I see it, an Econ degree is easier and will make you more money than a math major if you network correctly and get into a good entry level finance job. Do people really think that just because you took "harder" classes in college you're better than someone who got an econ degree and who's been working at Goldman Sachs for 4 years and is making upwards of 200k now?

What can you do with a Math (BS) degree anyway? Be a math professor? Your only options are to get your masters or get a PhD pretty much.

The only job I can think of that I would want to do after getting a math major would be to go in as a Quant at a hedge fund. But even then I would do a Math/CS dual degree because you'd need to know programming.

This.

I really do not understand (actually I do cause there's so many deluded eng majors here) why misc thinks math classes are the be all and end all of education. Being able to pass calc 1-3 is clearly a good thing, but communication skills and writing skills are more important. A lot of you 19-21 year olds are in for a big surprise when you enter the work force if you think it's all about math.

[ejWU21]

Future physics and nuclear engineering doubl major here

>Tfw i actually like physics and would enjoy staying up problem solving
>Tfw my backup plan (nuclear engineering) isn't too far away from major.

Brb 60k starting brb only 40-50hour weeks. Brb I actually have a life outside of work.

None of the 70hr week investment banking crap.

Start college in 1yr, can't wait.

brb talking as if you have already secured said job before even entering and judging by your 1 year timeline, you havent even applied for college, let alone been accepted into the engineering school.......

Good plan though (srs), just dont count chickens before they hatch.

[Ownster8932]

Average wage for Engineers is 65K GTFO

Out of college, yes.

Mid-career average is over 100k.

GTFO.

[E-PRO]

Math + Econ double major cum at me

4.0 GPA srs

[Unst]

Finance major is best major. But seriously, OP, you tie up way too much of your self-worth in your job.

[Truckie44]

Went to school for engineering, switched to economics because it was interesting, got a job as a fireman.
It's funny when coworkers find out I have a legitimate degree, and I make more money than my friends in finance.

[repos]

Hahahahahaha that will take take you to second year of an engineering degree, let alone qualify as a math major, LET ALONE qualify as a pure math major.

ok this is a dumb argument.
But to get a statistics degree @berkely aka math
1.
Core
Math 1A Calculus
Math 1B Calculus II
Math 53 Multivariable Calculus
Math 54 Linear Algebra and Differential Equations

2.
Requirements
Stat 133 Concepts in Computing with Data
Stat 134 Concepts of Probability
Stat 135 Concepts of Statistics

3. Electives
STATISTICS ELECTIVES (at least one course must have a lab). Choose from:
Stat 150 Stochastic Processes
Stat 151A or 151B (lab) Linear Modelling: Theory and Applications
Stat 152 (lab) Sampling Surveys
Stat 153 (lab) Introduction to Time Series
Stat 154 (lab) Modern Statistical Prediction and Machine Learning
Stat 155 Game Theory
Stat 157 Seminar on Topics in Probability and Statistics
Stat 158 (lab) The Design and Analysis of Experiments

4. Thesis Project
honestly this looks a bit the same to limitbreaks post
Also for mathematical economics you do learn differential equations.

True hard Economics degrees that get jobs take the following courses:

Econometrics I-III (if you don't know what's econometrics look it up)
Calc I-III
Linear Algebra
Differential Equations
Advanced Statistics
Hands on Analysis and Econometrics labs
Forecasting I-II
Advanced micro (derive all theory equations)
Advanced Macro (derive all theory equations)
Mathematical Economics I-II

[MangoPort]

I agree. Most BB and EB investment bank/private equity firms hire their Associates from MBA programs. It's just a requirement - I'm not saying you'll need an MBA in order to actually get the work done. A number of people go to MBA programs in order to "re brand" themselves if they didn't go to a target undergrad school.

Also, the majority of people who get MBAs do it through the cheapest programs or whatever program they get into. Getting an MBA from an M7 or HSY/P is a whole different universe.

Personally, I think the CFA is a better program to put yourself through in terms of finance curriculum you'll learn - it's geared towards people who want to work for Hedge Funds/Investment Management firms though, and not necessarily IB/PE.

You make it sound like it's easy to get these jobs. It's not enough to go to Harvard (I have a master's from Cornell in Engineering) you also need to be the best *and* somehow HR needs to like you, I need to like you and my boss needs to like you MORE than the other guy. It's 400 applicants for every job, sometimes more than 2,000 and once you throw out those that have no chance you're left with 50-60 guys that could all do the job very well, are willing to work 80+ hrs per week and laugh at all your jokes.

It's a bloody nightmare out there. I work for one of the 10 largest banks in the world and I can tell you the days of signing bonuses are looooong over unless you're bringing in a ton of connections the bank desparately needs (which does not happy when you're 25). How big do you think your bonus is going to be when your department LOSES MONEY? The salaries you guys are talking about would be realistic 6 years ago, but not today.

Moreover, the job market is a mess, people hate bankers, top end pay is frozen 84% (maybe it's 86%) of hedge funds under performed the market in the last 2 years.

Not to be all doom and gloom, but you make it sound like it's
a) Easy to get into an IVY
b) Once in a IVY easy to get into a top firm
c) Once in a top firm, easy to make money and survive

None of those are true.

Not directed specifically at you Stryfe but I feel like the real world is going to hit you guys like a bag of valencia oranges when you get out there. If I could offer any advice it's to network like CRAZY while you're young. Like. Crazy.

[TheCurator]

ok this is a dumb argument.
But to get a statistics degree @berkely aka math
1.
Core
Math 1A Calculus
Math 1B Calculus II
Math 53 Multivariable Calculus
Math 54 Linear Algebra and Differential Equations

2.
Requirements
Stat 133 Concepts in Computing with Data
Stat 134 Concepts of Probability
Stat 135 Concepts of Statistics

3. Electives
STATISTICS ELECTIVES (at least one course must have a lab). Choose from:
Stat 150 Stochastic Processes
Stat 151A or 151B (lab) Linear Modelling: Theory and Applications
Stat 152 (lab) Sampling Surveys
Stat 153 (lab) Introduction to Time Series
Stat 154 (lab) Modern Statistical Prediction and Machine Learning
Stat 155 Game Theory
Stat 157 Seminar on Topics in Probability and Statistics
Stat 158 (lab) The Design and Analysis of Experiments

4. Thesis Project
honestly this looks a bit the same to limitbreaks post
Also for mathematical economics you do learn differential equations.

A statistics degree is not a math degree. They are usually run by the same department but are completely different fields, and math degrees are much harder. In a math degree you would do Analysis, PDEs (like Sturm-Liouville eigenvalue problems), abstract algebra and Galois theory, Measure theory, functional analysis, differential geometry and topology, etc

Also for mathematical economics you do learn differential equations.

Engineers do ODEs in first year and PDEs in second...

[Stryfe14]

Not directed specifically at you Stryfe but I feel like the real world is going to hit you guys like a bag of valencia oranges when you get out there. If I could offer any advice it's to network like CRAZY while you're young. Like. Crazy.

Of course I realize how difficult it is to break into these top firms.

I may have made it sound easier than it really is, but that was slightly my intention.

If there's anyone who believes in the power of networking (and having a good personality) it's me. You have no idea how many dozens of hours I spent networking this past year in order to land a Summer Analyst position at an IB the summer before my sophomore year.

Let there be no mistake about it, breaking into the top tiers of finance is no easy task, and nor should this beast be misunderstood or underestimated.

Through breaking the process down step by step (Go to a good school and get good grades -> Network and have good internships -> Get a FT position at a BB -> CEO10kday) I can provide a more tangible representation of what breaking into finance is like for the folks on the Misc that don't really have a clue. Besides, at least I made it sound a little more difficult than whoever said, Get Math PhD -> 300k starting.

Obviously if we were having a serious discussion on how to break into finance I would've provided a more technical breakdown of what needs to be done.

[BrandonMag]

Marketing major crew checking in, hopefully will be travelling a lot on business

[DatDereBrotein]

Of course I realize how difficult it is to break into these top firms.

I may have made it sound easier than it really is, but that was slightly my intention.

If there's anyone who believes in the power of networking (and having a good personality) it's me. You have no idea how many dozens of hours I spent networking this past year in order to land a Summer Analyst position at an IB the summer before my sophomore year.

Let there be no mistake about it, breaking into the top tiers of finance is no easy task, and nor should this beast be misunderstood or underestimated.

Through breaking the process down step by step (Go to a good school and get good grades -> Network and have good internships -> Get a FT position at a BB -> CEO10kday) I can provide a more tangible representation of what breaking into finance is like for the folks on the Misc that don't really have a clue. Besides, at least I made it sound a little more difficult than whoever said, Get Math PhD -> 300k starting.

Obviously if we were having a serious discussion on how to break into finance I would've provided a more technical breakdown of what needs to be done.

Just read this whole thread. U know ur stuff brah. Reps

[monty097]

Lol 130k? That it brah? My dad make's over 160k a year, after paying his employee's off etc, (He runs a small electrical company in a big city) I'm trying to do something else other then that, but that's my fall back, take over dad's business..

Btw, He never even finished grade 11.

so your dad only makes 30k a year more than some people in their early 20's that are right out of university? your dad dun goofed lol

my dad clears 360K a year, dem dere mining engineer wages

[repos]

so your dad only makes 30k a year more than some people in their early 20's that are right out of university? your dad dun goofed lol

my dad clears 360K a year, dem dere mining engineer wages

dude. shut up and get to the gym asap. and work on your arms. lol. my dad beats your dad is this pre-school? his dad makes a good amount of money

[thehypocrit]

I don't know about the US but in AUS MBA is a joke

Honestly you go to Uni for 10 hours a week and study for maybe 3-5 and can literally get HDs all round at Melb/Monash etc

Doing Engineering/Mathematics degrees are a lot harder and actually require real intelligence to understand core concepts in 3rd year + You can't just breeze through it like MBA subjects

[KeepItRREAL]

This.

I really do not understand (actually I do cause there's so many deluded eng majors here) why misc thinks math classes are the be all and end all of education. Being able to pass calc 1-3 is clearly a good thing, but communication skills and writing skills are more important. A lot of you 19-21 year olds are in for a big surprise when you enter the work force if you think it's all about math.

>cal 1-3
>math

hahahahahhahahahaha

[repasaurus]

http://online.wsj.com/public/resourc...Back-sort.html

[BeardsGuy]

Unless you go to Harvard you're not getting a good job with that piece of **** econ/finance major. You're just a liberal arts slack jawed ***got who can't do math.


Math major>>>>>>>>>>>fast food management>>>>econ/finance

Whatever dude.

Econ, law and engineering are top tier degrees. Pure math is for academics.

[NakedPut]

Went to school for engineering, switched to economics because it was interesting, got a job as a fireman.
It's funny when coworkers find out I have a legitimate degree, and I make more money than my friends in finance.

your friends must be analysts for chuckee cheese you retard

[NakedPut]

Whatever dude.

Econ, law and engineering are top tier degrees. Pure math is for academics.

awesome. tell this to the 1293012323112390 math major on wall street making millions. engineering has a **** load of math. and you won't get past the lsat without being good at math (or have a natural gift at logic/math). econ is math (at a real school) as well. come at me, gay beard

[akalarry]

brb having to kiss ass and be your boss's bitch in order to go anywhere

[Scofield]

http://online.wsj.com/public/resourc...Back-sort.html

Math $45,400.00 $92,400.00 $45,200.00 $64,200.00 $128,000.00 $183,000.00

Economics $50,100.00 $98,600.00 $50,600.00 $70,600.00 $145,000.00 $210,000.00

#1 Mid-Career 90th Percentile Salary

What now *******s

[COKEDUPKID]

Life? It's all about the bucks kid. The rest is just conversation.

I can't believe this ******* just used a Wall Street (1987 movie) quote. You are such a loser it isn't even funny. Pretending to be an investment banker for over a year now, it's getting old.

[COKEDUPKID]

lol, he works at a mid-tier BB. Through PMs he suggested to me he works at a DB/BAML/UBS.

No proof no care. He's tiring and I've seen his threads so many times, this guy has legit bipolar + downsyndrome.

[Aahl]

I actually don't imagine myself doing anything else, and actually enjoy
learning about business, finance etc. Maybe because of my father, not sure.
Business Studies was one of my fav. subjects at school.

Even though I'd love to work in finance, I know it will be VERY hard to get
a job in the field out of Uni so I'm doing Accg/Finance and hoping that
maybe at a later date into my Accg. career I'll get a chance at a finance position.

rippin up business studies dat dere so deep in band 6 range

[jmcdizzle44]

Disagree.

Marketing major checking in, marketing is beetter

Always thought Marketing was a joke of a subject???

[mommaofobama]

I hate these threads. To make a lot of money via finance you have to get into a target school, network, get good grades, finally you need to ace interviews. So that's like the top 1% of the top 10% and so on and so forth. In other words, few people make it.

[Neroo]

So what is best major in terms of making good money AND having a decent chance of getting a job.

A) Marketing
B) Finance
C) Accounting
D) Economics

[Zubrowski]

I would say accounting, finance and economics are some of the WORST degree choices, not the best...lol

Most people who get careers in these fields didn't even require a degree, just good communication skills and networking.

[Neroo]

I would say accounting, finance and economics are some of the WORST degree choices, not the best...lol

Most people who get careers in these fields didn't even require a degree, just good communication skills and networking.

I see. What about accounting or business administration?