This is one of the top careers in Finance. Financial planning, investment decisions and analyzing/limiting expenses are all various aspects of what you can and will learn as a finance major. What do you think of the career and opportunities? As long as you work your ass off, you shouldn’t have trouble finding a job you love. Do You Need a Degree To Start A Business? I was a finance major as well, but I absolutely hated how accounting is such a big player in finance. Cookies help us deliver our Services. And if you want to learn about probability and statistics and how they correlate to business decisions, then risk management might be the right path to pursue. I'm passionate for Finance; didn't come into college with that mentality though. Nothing will make you dream more about your true desires than sitting in a taupe-colored office working in Excel for so long that the hours blur into days and the days into weeks. At my prior firm, my AUA (commission based assets) were $200Million, AUM (% fee assets) were $11 Million. New comments cannot be posted and votes cannot be cast, Looks like you're using new Reddit on an old browser. However, I don't have any interest or passion for Finance and I hate number crunching. Debating between Disney AFRP in LA and Big 4 Audit in a large metro in the south. Age 25: Research Analyst at a $5B Asset Manager ($75k Base + $15k Bonus). It was two and a half years of full time pay before we received any. Age 26: passed level 3 CFA exam. There are a lot of people in Finance who don’t have a finance degree, not sure how many psychology majors were able to make it in, but remember that Finance is a very large field consisting of many different jobs. The pain of studying that much while working 60 hours per week was not worth 3 more letters next to my name. Age 22: Finance Degree from non target Liberal Arts. Age 24: New job, Research Analyst at a $5B Asset Manager ($65k Base + $6k Bonus). Holy cow. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. These include: If you’re interested in how companies should allocate financial resources, corporate finance may be your calling. I really, really love psychology, but that's the major my parent's really don't want me entering into since a BA in psychology is a dead end route. Typical classes in this major include accounting, economics, math and psychology. Can you clear up what you think of risk compared to a Finance dept career in F500 Fin serv or non-fin serv firm? Running finances and certain geographical operations (developing world) of a startup company. How did you make the transition from Commercial banking to PE? It won’t be lucrative if you have no passion for it. In this video, I give my honest NO BS advice. Investment banks, private equity, and hedge funds have people with a good understanding of accounting or else they will not be able to invest. Majoring in Finance: What to Expect as a Finance Major, The Four Functions of Management: What Managers Need to Know. Am I interested in figuring out how to help companies increase their revenue? P.S. Many people enter IB for the exit opportunities and skills they gain will put them in a position to do whatever they find interesting in the future. These often unsung professionals experience great diversity in their role. It's really motivating to see how far along people have come. Sourcing clients this way seems to be a much better way of client acquisition vs intrusive methods like cold calling or door knocking. The rainmakers you see in movies and hear about in the papers are the top 5% of people in the top 5% of finance roles. Sitting for the CFA right after graduation. I'm trying to decide if I should take the offer and start out there or reject it and try to go straight into ER or MF / HF. What to do as a student thinking about a career in Finance? In this video, I give my honest NO BS advice. I decided to do a double major in finance and economics (economics being a big interest of mine) in hopes of improving my chances for a job at an IB. Here's a look at how to start a finance career, the finance sector's most rewarding entry-level jobs, and what you can expect from them. Would you be interested in helping companies plan for how to grow their revenue or maintain profitability in both the short and long term? My real interests are in Marketing and Psychology but I don't have any distinguishable love for any one field. I'm thinking of making the transition myself (writing CFA Level III in 2016) but am concerned about whether my small-scale credit underwriting will be taken seriously. Total revenue was 400K, total compensation was 70K salary + 30K bonus paid in March + benefits. My opinion is to get the finance degree, land an IB or management consulting gig, put your 2-3 Years in and then either go to bschool where you can land a cushy marketing job at a f500. How did you find the transition from commercial banking into Private Equity? Worked in capital markets advisory for Big 4. And I now know, after talking to many of such a profession, that most who ended up with such a career had no desire for the career except for the big paycheck. Nobody will have the time to teach you or help you when you start. So the ultimate question: is it worth majoring in a field that you feel is boring just for the grand paycheck? Now, I spend about an hour per week reviewing accounts and talking with clients. I heard that's the level that separates the men from the boys; I sat L2 twice and failed. If you don't like it, the pay check is not worth it. #1 – Investment Banking. There's 2 schools of thought but most likely the answer for you is NO. Good analytical and problem-solving skills, along with commercial awareness, are the key ingredients companies look for in a candidate planning to make a corporate finance career. If I could go back, I would have switched to digital marketing as well. Thank you so much for all the insight and knowledge! Some IT jobs, especially if it’s on the government side of things. I picked Finance in hopes to get a lucrative career. Am I a good communicator who is able to express my ideas clearly and effectively.