<p>can you guys give me some ideas like how much salary should i expect for the new grad; econ major from uc davis? especially in a position like financial analyst, junior equity analyst, things like that.</p>
<p>i would recommend getting your MBA. i mean look at it this way would you rather make 40k/per at age 22 or 60k/per at age 24</p>
<p>FutureENTSurgeon, you have absolutely no idea what you are talking about. You are a high school student, stop talking if you don’t know what you’re talking about. You are an idiot for suggesting an MBA to someone when you haven’t even started as an undergraduate.</p>
<p>Inmood, if you go to UC Davis, graduating as an Econ (or Man Econ) major, expect talk make between 30-55K, ranging from (low end) finance in a fortune 500 company to Big 4 Accounting.</p>
<p>UC Davis graduates have a difficult time getting into top “financial analyst” positions. There are 2 major types:
-Financial Analyst at a “normal” non-bank company
-Financial Analyst at a bank
You may check Glassdoor.com, many companies like Intel, Microsoft, etc hire at UC Davis and not only for engineering positions. You can see what their entry level financial positions are like, (~40K), but smaller companies may only offer you 30K per year.</p>
<p>A top job from UC Davis is to enter Big 4 Accounting (which are PWC, E&Y, Deloitte, KPMG), which pay about 55k-60K with an annual bonus of about 5K. These are more difficult to get, as only a handful of Davis kids get these per year.</p>
<p>When you talk about a job like “financial analyst” and “junior equity analyst”, it sounds like you are talking about a job at a bank/brokerage firm. If you join a smaller unknown firm, you’ll probably make 50K and some bonus (if you did well) -but it’d be quite hard to get one of these jobs because such small firms do not recruit on campus, and you would need to actively search for the firms by yourself (most would probably be in SF). Google: Financial Firms SF, Hedge Funds SF, Brokerage SF, etc.</p>
<p>If you are considering the top "financial analyst or “junior equity analyst” positions, you should probably transfer universities to a top tier undergrad business school, or an ivy. It is virtually impossible to get into a top bank: Morgan Stanley, Goldman Sachs, UBS, Credit Suisse, etc from UCDavis undergraduate (much less the MBA program which is not recruited well either).
Consider: Stanford, UC Berkeley Haas, Michigan Ross, NYU Stern, the Ivies.
How much would you make as an analyst in one of these investment banks?
Starting salary with bonus: 80K-140K in your first year, depending on the division and the profitability of your division that year.</p>
<p>If you go to MBA straight out of undergrad, you basically just wasted your life because the quality of the MBAs that you would be able to get straight out of undergrad (w/o work experience) are very poor, and you would still not make as much as a kid straight out of college at an investment bank.</p>
<p>you said this
“Inmood, if you go to UC Davis, graduating as an Econ (or Man Econ) major, expect talk make between 30-55K, ranging from (low end) finance in a fortune 500 company to Big 4 Accounting.”</p>
<p>just because i didnt go in depth dosent mean that i was wrong. i said 40k out of college and you said 30-55k pretty close to what i said so seriously chill out</p>
<p>The fact of the matter is you are wrong because he asked what a new grad Econ major from UC Davis makes, not the national average of Econ majors/college graduates/or wherever else you got your “40k” figure. I don’t have time to elaborate, but perhaps one day when you are older you will understand that you should not talk about things that you do not understand.</p>
<p>^Not to be rude, but hasn’t he answered the OP’s question by stating that the salary will be around 40k,which definitely does fall into your figures? Is it not contradictory that you are suspecting his 40k when indeed it is right within what you said.</p>
<p>You’re absolutely correct Indianjatt.
Perhaps I was overly angry after reading his initial post, but I think the argument is sidetracked.
My point was that a kid that hasn’t entered college should not be giving people advice about post-college opportunities.
His information about MBA is absolutely wrong, if the OP got an MBA right after undergrad, it would SEVERELY limit his chances for a better job later, an MBA is meant as a way to switch careers or jump job levels, not like a bachelors degree If one does an MBA right after, that opportunity is gone, and there isn’t any more potential for that “boost” in the future.
So FutureENTSurgeon gave the worst advice possible, and looking at the sentence before that, I assumed that his figure 40K is pulled out of his a.s.s. (though I could be wrong, maybe he did research), but given the other part of his “advice”, that appears unlikely.</p>
<p>iseeisee, I would just like to point out for OP that Big4 jobs, which I would agree are generally going to be your high end for Davis Econ grads, are not as high as 55k-60k with anywhere near that degree of signing bonus.</p>
<p>Offers are definitely a lot less given the economy. Things are getting better but low 50s were the norm for the past couple years, in the CA market. Signing bonuses are usually only a couple grand. </p>
<p>That being said the Big 4 track is very useful for your career, however, difficult to get into if you do not have the accounting background as the Big 4 want their people to obtain become licensed professionals (CPA, CISA, JD, etc). A normal Econ major at Davis likely has not taken anywhere near the number of the units towards the CPA requirements for accounting classes.</p>
<p>So if that is something that interests OP, he would have to do CC classes, or do some sort of accounting masters. </p>
<p>Anyways that’s just my experience having gone to a UC and working Big4.</p>
<p>I’m just wondering, but why is the ave. UCD salary on the low end? The national average is around 50k, I believe. Berkeley has statistics that say their Econ majors average at about 56-60k. Wouldn’t UCD’s average be around that level?</p>
<p>Well, between Berkeley and Davis, it is much harder to get into Berkeley, meaning that Cal tends to have more qualified students. Also, Cal’s econ program is highly regarded, especially compared to Davis’s program. Many recruiters come to Cal each year, and a ton of Cal kids go into accounting. It’s actually kind of ridiculous. From Haas, about one-third to one-half of the graduates go into accounting, most with the Big 4. In fact, as I sit here and think about it, out of all the people at Cal I know who are doing accounting, only one is not going to a Big 4, and she’s going to BDO, which is next in line to the Big 4.</p>
<p>The average starting salary (excluding signing bonuses and year-end bonuses) for accounting is about $52,000, I seem to recall. Other types of jobs (ie finance and consulting) start at about $60,000. Accounting, while not particularly lucrative, is a good place to start your career, though, especially if it’s at a well-regarded firm. However, if you want to make lots of $$ straight out of college, i-banking is usually a sure bet. But the “elite” i-banks only recruit at “elite” schools, and Davis, unfortunately, is not on anyone’s radar. And even though Cal is on the radar, it isn’t a heavily recruited school for i-banking either, although I know a number of people from Haas (emphasize HAAS) who are going into i-banking with Goldman, etc.</p>
<p>Does Davis have career statistics like Cal? I haven’t been able to find any.</p>