<p>I'm going to Centre College in the fall (A decently ranked LAC) majoring in Financial Economics (basically economics with some accounting and finance classes thrown in instead of random liberal art classes).</p>
<p>I kind of changed my mind about the field I was wanting to go into after applying for colleges. If I had known I wanted to hit the finance world, I would have applied for some brand name colleges. </p>
<p>So a couple of questions. Are LACs at a disadvantage when entering the finance world? I know my school isn't a target school. I'm still doing some research, but if I find that it is a disadvantage, I might consider transfering to somewhere like NYU (if I could get in). But I hate going into college with the possibility of transferring..</p>
<p>But if I keep a 3.5+ GPA, do 2-3 good interns, blah blah, will I have any chance at all at investment banking and consulting? How much do GOOD entry level jobs for economics get paid (that aren't IB/consulting)? </p>
<p>My main goal is to get into a top 10 b-school. So I know if I don't get into IB/Consulting after undergrad that I'm not doomed.</p>
<p>Any advice is (really) appreciated!</p>
<p>
</p>
<p>Disagree with this one.
Without a good job (obviously doesn’t have to be consulting or IB, but it does need to stand out in some way) and from a relatively unknown school, even with good grades and a gmat, the odds of getting into a top-10 b-school.
I know way to many people with excellent stats that cannot do better than the Duke/Cornell/Ross level because they worked in big 4 audit.</p>
<p>So if I can’t get into IB/consulting, what other fields would be considered a good “bridge job” for a top 10 MBA program? Like basically, what’s the next best thing after IB/consulting for an economics/finance major?</p>
<p>Business schools love brand name jobs. Brand name jobs, believe it or not, are not limited to banking & consulting. </p>
<p>Take a look at some F500 FLD programs. If you manage to get sponsorship from your company and senior leadership, then you have as good of a shot as anyone from a bank/consulting firm.</p>
<p>I’ll definitely have a look into those FLD programs!</p>
<p>But one question - Wouldn’t a b-school prefer someone who stuck with one role and actually made a significant impact in that role? It seems to me that the FLD programs have you revolving aroud different areas for short amounts of time, not enough to make an impact.</p>
<p>But I have a feeling I’m missing something.</p>
<p>There are some people who got into Harvard Business School while working as Tellers and Personal Bankers, but obviously most of the other candidates came from BB banks and top consulting companies.<br>
As long as you work for a big name company, even at a low level position, but have other attributes like GMAT, Letters, and GPA–you are good to go.</p>
<p>Yes, that is the gist of a FLD program, but they typically last only two years at most and place you into some desirable “front-office” equivalents at F500 firms and also give you a lot of exposure to senior management.</p>
<p>So has noone yet come up with the highest paying jobs for economic majors?</p>
<p>My son graduated in Econ and got a well paying job in Accounting .</p>
<p>John Elway (Stanford Economics, 1983) got more than $12 million straight out of undergrad, and that was in the early 80’s.</p>
<p>High paying careers for economics majors is any high paying business career. Accounting, investment banking, consulting, etc.</p>