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Response to Mr. payne, check out this interesting fact about London.</p>
<p>London handled 31% of global currency transactions in 2005 — an average daily turnover of US$753 billion — with more US dollars traded in London than New York, and more Euros traded than in every other city in Europe combined.</p>
<p>Taken off a quick search of wikipedia. Mind you I have no interest in promotion London as financial capital of the world, as it is in my best interest for New York City to stay strong.
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ForEx is merely one element of finance.</p>
<p>The New York metro region's GMP of $901 billion is larger than the total Gross State Product of every state in the United States except California and Texas. London isn't close.</p>
<p>one element of finance yes, however London also leads in international banking, foreign equities, otc derivatives, international funds etc. London has always been number 1, understand that</p>
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I just think what they teach in business classes are pretty much common sense with few exceptions in particular fields like accounting, business law and business jargon 101.
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<p>Agree. I would actually call it "advanced common sense". That's why the financial sector hires many non-fianance majors. You won't find a finance major being hired to design bridges.
One of my friends is an investment analyst who majored in geography. He told me their field likes people with econ, hard sciences, and engineering background as many people coming out of ug business schools don't have strong quantitative skill.<br>
I had a degree in engineering and now I am taking accounting/finance courses now. While I can see there can be lots of info in accouting, it's not really all that complicated.</p>
<p>But accounting/finance is no less important however.</p>
<p>They have a hard time understanding their might be more than one "right" answer and that the data are often incomplete, sketchy and unreliable. As in if you charge $10 to cross the bridge you could cover your costs in 10 years--but maybe 30% of the people decide it's not worth $10 and they drive to the next old free bridge or whatever. But what if you charge $6?? You have to pay the bonds off so you better be right but.............The engineering mind starts to go on tilt.</p>
<p>actually barrons Industrial and systems engineers play a huge role in that because does a finance person know about material and man hours, also most of the stuff yall do we already know with just our basic math in calculus and differential equations.</p>
<p>I believe engineering majors are as good as, if not better than, the finance majors as far as making sense and use of incomplete data and understanding/estimating uncertainties, probabilistic risk, and statistics. A lot of people in the finance/accouting field (as in my UCLA extension class) have trouble dealing with probabilities and stats. The seismic and environmental engineers deal with uncertain risk with incomplete information all the time. Industrial engineering majors learn about maximization/minimization among different alternatives. The MFE (master of finanical engineering) at Berkeley is filled with people with math/stats/comp sci/engineering background.</p>
<p>It is because they do not utilize effectively what they are taught in school. Everyone has common sense(despite some people who seem like they don't) - as it is common. If business was common sense, no one would study it !</p>
<p>now we are back to the fact that business is for those who cant do, and business as a major was just created to give fancy names to stuff average people already did.</p>
<p>actually some stuff in business classes IS common sense, but when u throw in jargon, and economic concepts, it gets kinda tricky.</p>
<p>If ur talking about marketing, yea its pretty easy (atleast the intro courses), but statistics or calculus for business classes are pretty tough. from what I hear</p>
<p>it is not exactly watered down. It presents what you need, and as trig is not needed for the advancement of you business education, it is not included. Its that simple</p>
<p>I thought we established that a business major is NEITHER WEAK NOR STUPID IN ANY SENSE OF THE WORD. Can we give this a rest?</p>
<p>UB-Vinny let it go. That's enough. I really don't like the pompous attitude that some engineering majors have. It's your choice to major in engineering. Don't whine about the fact that you work 4 times as hard as other majors and have no life yet you still get a GPA that's lower than people in other majors. Business is NOT A WEAK OR STUPID MAJOR by any sense of the words weak and stupid.</p>
<p>Business majors and engineering majors have their respective niches in society to fill. Business can be difficult for those who are not so socially inclined (lack social skills), and engineering can be difficult for those who are quantitatively challenged (bad at math/science). But for those who are talented in math and science but not much else, engineering can be an easier major than business. It's all subjective.</p>
it is not exactly watered down. It presents what you need, and as trig is not needed for the advancement of you business education, it is not included. Its that simple</p>
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<p>which is waterdown and very very easy.</p>
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UB-Vinny let it go. That's enough. I really don't like the pompous attitude that some engineering majors have. It's your choice to major in engineering. Don't whine about the fact that you work 4 times as hard as other majors and have no life yet you still get a GPA that's lower than people in other majors. Business is NOT A WEAK OR STUPID MAJOR by any sense of the words weak and stupid.</p>
<p>Business majors and engineering majors have their respective niches in society to fill. Business can be difficult for those who are not so socially inclined (lack social skills), and engineering can be difficult for those who are quantitatively challenged (bad at math/science). But for those who are talented in math and science but not much else, engineering can be an easier major than business. It's all subjective.
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<p>What does the GPA matter, there is a reason the majority of engineers are under 3.0 GPA . Because the subject is bloody hard, even for those very skilled in math or science which all engineering students are, we still get poor GPA's. why is that? Because its Hard. sure there are some very gifted engineering students but they are rare. </p>
<p>You mention that Business is hard for those socially challenged, if this is the biggest worry, then that just proves my point that its easy. If somebody is quantitatively challenged like you say they have almost no chance of passing a engineering curriculum. Like I said before almost all engineering student are very quantitative and it is impossible for any engineering student to take business to be harder, thats ridiculous. which is why if some engineering students transfer to Business they dominate and pretty much pull perfect GPA's because we have such good work ethic.</p>