<p>I am most likely going to Indiana University in 2007. I am wonderibng as to what to major in, I am still confused as to whether to go into law or business. My brother, a junior at Indiana University, is telling to go into business since it is top notch and creates great networks. My parents on the other hand are telling me to go into law since it provides security and usually a more stable lifestyle (as well as more respect). I am wondering what major to go into that would still allow me to pursue both after receiving a bachelor's degree.</p>
<p>I enjoy studying both business and debating and writing.</p>
<p>Majors:
A-Political Science- studying politics is interesting.
B-Finance- Ranked #7 nationally at IU undergrad.
C-Accounting- Also ranked #7 nationally at IU undergrad.
D-Economics-supposedly gets one of highest GMAT's and LSAT scores
E-History- #18, also amazing profs.
F-Philosophy-I am fascinated by this major, yet few career opps.</p>
<p>you can go to law school with pretty much any major.</p>
<p>it should be obvious though that you should major in something that will still allow you to have a job if you decide not to go to law school. Based on that it should be common sense -- finance.</p>
<p>Finance seems like the most logical choice off of your list followed by economics, but since IU has such a great finance and business department major in finance.</p>
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If allowed, do financial economics instead of business finance, because it's more rigorous (thus higher pay).
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<p>No, you're wrong. I don't know why you would bother to make a statement like that without even looking into it. The B-school at Indiana has its own admissions process and will be harder to get into than anything economics related. So, the economics program would be the program for rejects and thus lower pay.</p>
<p>The Investment Banking Workshop at Kelley (which is the program that leads to HIGH PAY) is within Kelley, not the school as a whole. If anything, he'd be better off majoring in finance and accounting.</p>
<p>^ that is one of the most igorant statement I've seem in a long long long time.</p>
<p>Your paycheck will be dependant what you can bring to your employer, not the name of the degree you hold. Who the hell cares (besides 20 years olds) if you studied a program that is harder to get into, but learn easier materials, or vice versa?</p>
<p>Finance is an extremely complex quantitative materials. In business finance, you'll only be learning the outer layer that provides you the skill to understand what is going on, in nominal values. In financial economics, mathematical finance, you'll be exploring the nuts and bolts of the financial market worlds, in real values, and how to engineer the market; aka a deeper understanding of finance.</p>
<p>^abc tell that to a guy who majored in Electrical Engineering at Purdue and can't get into an investment bank, while a guy who majored in medieval studies at duke can. </p>
<p>Bottom Line: Recruiting>Academics</p>
<p>As good as all this learning is, it is pretty useless if your unemployed after.</p>
<p>Thanks for the info. guys, I talked to numerous people, and they all told be about the Investment Baking Workshop with David Haeberle. They all told me that you will make huge bucks getting in there, but it is difficult. I declared finance as my major by the way. Thanks for the input.</p>
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Your paycheck will be dependant what you can bring to your employer, not the name of the degree you hold. Who the hell cares (besides 20 years olds) if you studied a program that is harder to get into, but learn easier materials, or vice versa?
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<p>No no it does not. Pay in fields like finance is pretty standardized. It's a matter of just getting the job, everyone is going to be given relatively the same starting salaries and then bonuses will depend on how much ass you kick.</p>
<p>I go to a school that's structured similar to Indiana (in terms of ranking and admissions) our business school has a harder admissions program than our school of liberal arts (where the economics majors are) and even if you major in something like 'business economics' you're screwed because you miss out on catching the eye of the recruiting companies as much. They're going to wonder why you didn't do business and they're going to think it's because you weren't intelligent enough to make it in there -- not because you wanted a more rigorous line of study.</p>
<p>This isn't the only thread where you preached majoring in something like Economics, but the fact of the matter is that Economics isn't always the best route to getting a good job, especially at certain schools. In this case, Indiana University is one of those schools.</p>
<p>If your interested in philosophy, you should major in that, and then go into law. From what I've heard (granted, I'm in high school) that's relatively common.</p>
<p>I agree that studying business would be a great fall back before law school. There are a couple people that I work with that studied finance/accounting and got their JD. However, they are still in the finance industry. (Hedge Fund.)</p>
<p>Point is, I think you should study what you want to study. Try not to get swayed by money, or salaries. Even if you study one subject or major, you are not limited to that particular study. I think many people can agree, that if your not truley whole heartedly interested in IBanking, it will be exetremely tough. (To get motivated, at the least.) Study what you are interested in, but also work hard, and the check will come through.</p>