<p>This is a scenario I was thinking about...
My private college offers just about everything. I was wondering in what way could someone make the most money career wise? (Most people will say go to medical school, although that is debatable with their malpractice insurance & large debts.)
If you double majored in Actuarial Sciences & Accounting, and got your CPA. Next, you get a MBA in Finance. Then, you got a job as a Actuary (beanactuary.org says your salary will be $150k-$200k, no joke. While bls says $87k, I'll go with that) and worked as that until you got your CFA. Ha. Is all that plausible? Comparing a time span of 20 years, would this make the most cash flow? Do you think you would be seen as well-rounded individual, that would be valuable to a company in the field of finance? Any chance of becoming a CFO, after some years in finance? Assume this man/woman is a very hard worker, smart, & good connections. (This isn't meant to be serious. I'm just curious. Call me stupid if you want, I don't care.)</p>
<p>Setting aside the childish “most money” criterion, the program you describe does not sound especially realistic.</p>
<p>For either Accounting or Actuarial Science to make much sense, one would normally try to fulfill the requirements for professional licensing. While there is some synergy, an undergraduate program that satisfied both would be packed. Then one would need to sit two difficult and very different professional licensing exams. It is unclear how you would then fulfill the work experience requirements. I think that ultimately one would need to choose one or the other, at which point the value of the original dual-degree would be greatly diminished. Then, after 3-4 years as an accountant or actuary you would leave that profession for the MBA with the intent to career-switch into a primarily finance-related career? Bizarre.</p>
<p>You’re getting an education and building a career, not equipping a character for a role-playing game. There is no magical combination of courses/degrees/credentials. All of them just provide you an opportunity to get hold of the bottom rung of a/the ladder. The rest is hard work and a whole lot of luck.</p>
<p>It was just a random scenario. But I got my MBA right after college, their was no work experience needed.</p>