<p>I am interested in working in investment banking and hedge fund. I am a finance major and am considering taking another minor or major. What minor or major should i take? (Now, I am considering taking a double major in finance and economics. How do you think?)</p>
<p><a href="http://www.ibankingoasis.com/%5B/url%5D">http://www.ibankingoasis.com/</a> Please use the search function there before asking them questions.</p>
<p>What school do you go to?</p>
<p>How willing are you to give up the majority of your week to work? </p>
<p>Are you willing to sell your soul to the devil?</p>
<p>Just some questions to consider. Just kidding on the last one. No I'm not.</p>
<p>My school is not one of those top schools or ivy league, but my academic performance is great. I am a senior finance major and my GPA is almost 4.0. RIght now, i decided to have a double major in Finance and Economics. How do you guy think? Is it a good choice for me in term of the future career i want to have? Actually, this is the only choice of major i have, so i can graduate on time as I plan.</p>
<p>if you're a senior, it's mid-august, and you are not finding out about when the major investment banks interview at your school or how to get on their radar, you may have already missed the boat.</p>
<p>seriously, a lot of them start the day school gets back in session, and most finance recruiting is done by mid-october. get on it, dude. your choice of additional major or minor is irrelevant. it's not going to help you get a better job. it's only going to take time away from things you clearly need to learn better, among them:</p>
<ul>
<li>networking</li>
<li>speaking proper english (i'm not kidding, i can tell english isn't your first language just by reading this)</li>
<li>finding information on these subjects online rather than asking a forum</li>
<li>polishing interview skills</li>
<li>networking</li>
<li>staying up to date on the market and recent developments</li>
<li>research on the major firms out there, different paths you can take, common success stories, sample finance resumes, etc</li>
<li>networking</li>
</ul>
<p>screw the academics. you're asking the wrong questions here. if you're a finance major, you're doing it out of an interest in the real world. you've got a 4.0, which proves you know how to work harder than most of your peers at your school. (which school is that, btw? it matters) It doesn't prove you're smarter or more resourceful than they are, or even more importantly, say anything about your abilities relative to those who did equally well at top schools. you're behind the 8-ball here, man. start playing catch-up on the things that matter for you.</p>
<p>A job at a hedge fund and a job at an investment bank are extremely different. One is a principal investing job while the other is a service-oriented job. You should research the finance world enough until you understand the difference.</p>
<p>I agree, but I think that's the least of his worries</p>
<p>With regards to investment banking and hedge funds, try to access your school's alumni database to see who works in those industries. From there, make an appointment to speak with them. Here is a old link that might be of interest to you:</p>
<p>Good luck!!!</p>
<p>I was curious on what basis hallerbigballer made his statements. Then I went and looked at his posting history. He's a college student who's a total jackass in many other threads, so I feel much better now about discounting his opinion.</p>
<p>Maybe you think I'm an ass, but I speak the truth, this site is full of people who think they know something about the financial industry and banking, when in reality they are only high school students.</p>
<p>take all information with a grain of salt. </p>
<p>people think you need a 3.8 gpa from a target school, you don't. </p>
<p>people think that if they don't do investment banking their lives are over, not true.</p>
<p>people think that you make 100k right out of college, not likely, even with a hefty bonus.</p>
<p>you make your own luck, and ANYONE can get a job in a top wall st. firm if they know what they are doing.</p>
<p>"people think that you make 100k right out of college, not likely, even with a hefty bonus."</p>
<p>Sorry to tell you that you are not correct. Even ten years ago first year analysts at my firm, right out of college, were making this much (with bonus) if they performed well.</p>
<p>I am not a high school student.</p>
<p>"ANYONE can get a job in a top wall st. firm if they know what they are doing."</p>
<p>Actually, people are highly selected for these jobs, from large pools of applicants. You need to be the best candidate, in terms of promise, capabilities and fit. It's hard to get interviewed even, if you're not from a target school.</p>
<p>why don't you look up whartons graduating class stats, see how many people are making 100k, and ten years ago was the beginning of the internet bubble, everything was over values, including IB salaries and bonuses.</p>
<p>and anyone can get a job, networking will serve you better than a GPA or what school you go to.</p>
<p>i'm pretty sure monydad is intimately familiar with whartons' statistics. you want to talk about how many people are making over 100k? Here you go:</p>
<p>Heck, let's add in Harvard while we're at it:</p>
<p>Yeah, i'd say the average all-in compensation for those students is somewhere between 120-150k for their first year out. Oh, and I'm not a high school student either, I have professional experience in both finance and consulting.</p>
<p>in closing, you don't know jack.</p>
<p>Although what you found is correct, and this is an MBA forum, the child who OP was asking about majors and minors, so he is an undergraduate.</p>
<p>I have no doubt the MBA's pull in upwards of 150K, but an undergrad, you are day dreaming, because those numbers are for associates instead of analysts</p>
<p>My post #12 specifically referred to analysts- first year out of undergraduate-at my firm.</p>
<p>I have a relative who is currently an analyst at another investment bank, and his compensation expectations seemed to be no worse certainly, when we discussed it.</p>
<p>However I will say, frequently bonuses depend on firm and department performance, as well as individual performance. There could be an impact this year, depending on how the firms fare, given on what's currently going on in the financial markets.</p>
<p>1) You don't need a 3.8+ to get into IB from a target....this is just BS. It helps no doubt because it will surely get you an interview, but if you are capable of setting up meetings with alumni associates they to will get you an interview. From there on out everyones equal, you gotta knock em out in the interview.</p>
<p>2) Most analysts do not make 100k+. Sure, in 05/06, one of the best economies in years, they made 100k, but look at past trends and you will see this is NOT the case.</p>
<p>hallerbigballer good show buddy. your lack of knowledge captivates me.</p>