<p>given the current economic situation right now, would it be a bad idea to pursue finance as a major? i was always interested in majoring in finance, but im hearing from a lot of people that its not a safe route anymore becuase of the declining market -> layoffs etc.. any opinions on this?</p>
<p>edit-
im a hs senior right now, so once i graduate from college in 4 years do you think the job market for finance majors will improve at all ?</p>
<p>There are tons of companies you can work for not just banks...</p>
<p>Yeah but the economic situation in the US right now doesnt effect just banks, it also effects other companies (which are part of the economy)</p>
<p>I see tons of internships/entry level jobs for analysts...so someone must be hiring. Only other career that I see that outnumbers finance/accounting are engineering jobs.</p>
<p>I would suggest majoring in accounting with a minor in finance or a double major in accounting and finance. Anything a finance major can do an accounting major can also do but not vise versa.</p>
<p>There are hardly tons of inerrnships/entry level for analysts right now...</p>
<p>Well obviously you haven't done your research, because I search for internships EVERYDAY on numerous job boards and that's all I see...finance/accounting and engineering. Now if they are ACTUALLY hiring as of right now is a different story...but they are definitely advertising.</p>
<p>There are at least two hundred internships give or take a few listed on indeed.com. I can't speak for entry level positions as I haven't searched, but I have seen plenty of Finance Rotational Programs for entry level majors.</p>
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Yeah but the economic situation in the US right now doesnt effect just banks, it also effects other companies (which are part of the economy)
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<p>Are you looking for a job right now? [/rhetoricalQuestion]</p>
<p>haha no im not looking for a job right now but that doesnt mean anything because in a couple of years im gona be looking for internships and then in another 2 years i will be looking for a job. whos to say that in 4 years the economic situation isnt going to stay the same? thats why i just wanted some other opinions</p>
<p>if you were interested in a particular major but found out that in a 2-4 years that there would be no demand for jobs in that field, would you pursue it? [/rhetoricalQuestion]</p>
<p>In 2-4 years, financial services and finance departments will no longer be needed. People will no longer invest and save for retirement. Companies will no longer need to keep track of their books and make capital budgeting decisions. Banks will close down because nobody will need loans. </p>
<p>Do NOT pursue finance as a major! You will regret it for the rest of your life!</p>
<p>steevee, why is it that everything you ever post involves making fun of the op?</p>
<p>Haha are you tryna be funny? do you really think thats what i meant when i was first talking about whether or not i should pursue finance as a major? you dont need to tell me all of that, im not stupid, i was just making a point with my last statement to Vector</p>
<p>my question was asking for opinions on what people thought in terms of job security, etc. in the financial market 4 years from now, but no one seems to be answering it</p>
<p>Because only Jesus knows? Are you going to let some guy on a forum to tell you what the job market for finance majors is like in 4 years when even veterans on the Street don't know?</p>
<p>apayton, I only make fun of threads asking "help me predict the future" types of questions or ones where the OP clearly hasn't done any research (eg. what is the difference between econ and finance?) Yes, I am being rough, but it encourages people to do at least some research and ask questions after thinking about it. These are good skills to learn before you go out in the real world, because if you do that on the job, it'll reflect badly on you. I'd rather look like an idiot on an anonymous forum than on the job.</p>
<p>You should read my post more thoroughly before you start makin any judgments, all i wanted was OPINIONS from other people on what they thought on the matter. obviously im not making my decision solely based on what people tell me on this forum. and i actually have done research on the career fields (and i hope that difference between econ and finance question isnt directed towards me because thats just stupid), what tells you that i "clearly haven't done any research?" all i wanted was to hear what other people had to say on the issue, of course no one can completely sure</p>
<p>I totally agree with steevee...</p>
<p>But I can understand. My situation was a little different though. I love technology...ever since I got my first computer. I starting hearing horror stories about IT and didn't want to study it anymore and I didn't. I studied psychology. Last year, I found out after I started freelancing again...that I can't do anything else because that is what makes me happy.</p>
<p>Since I don't have a bachelor's degree in computer science, it is hard as h*ll to get a job in IT and I don't want to be a programmer. So soon after I graduated, I got into a master's degree program.</p>
<p>If you think that's what you want to do go ahead and major in it. The government is always hiring...</p>
<p>Thats all i wanted to hear lol thanks for the advice, i dont need people telling me that i clearly havent done research, because i have, and as i said before steve, its not like im going to choose my major based on what people say on this forum. when you go through with something dont you sometimes want to hear what other people have to say about it? because all ive been hearing these days from people whether its from my brother (who was almost layed off from his company) or other adults is how jobs in the finance market arent safe, etc. the only reason i started this thread was to get alternative views to this so i could get a better idea. ironically, by asking this question im actually doing more research..</p>
<p>Good luck.</p>
<p>"In 2-4 years, financial services and finance departments will no longer be needed. People will no longer invest and save for retirement. Companies will no longer need to keep track of their books and make capital budgeting decisions. Banks will close down because nobody will need loans. </p>
<p>Do NOT pursue finance as a major! You will regret it for the rest of your life!"</p>
<p>Please take a macroeconomics course before you post statements about the economy. </p>
<ol>
<li><p>Why wouldn't people invest? Sure you could argue that the risk-premium has skyrocketed, but it doesn't mean that given the opportunity people will rather let their money wither away through inflation than to invest it at a reasonable rate of return. </p></li>
<li><p>There's no way the world will resort to a bartering economy. The world won't resort to money based on gold because it's madness to pursue a contractionary monetary policy right now. So it will continue to use fiat-money. As long as money itself only worth what it can purchase, the central bank will exist to print money. People will put money into banks because of the interest rate. Banks in order to profit, will continue to invest. Smart people will invest too. </p></li>
</ol>
<p>The only way finance will no longer be a viable major is when the world resorts to worldwide communism, worldwide utopia, or we all die.</p>
<p>Although, the only thing steve said right was that the market for finance jobs four years from now is unknown. But, whatever the market situation a market economy will always NEED speculative behaviour.</p>
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Please take a macroeconomics course before you post statements about the economy.
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<p>Please take an interwebs for dummies course before you reply to posts which are obviously sarcastic.</p>
<p>^lol! </p>
<p>Nicole12, are you taking a macroecon. course right now...while it's fresh in your mind?</p>
<p>I have a question but I don't think it deserves it's own thread and it's useful here.</p>
<p>I'm a senior in HS and I'm interested in finance. My question is, besides the big ideal positions for finance careers such as ibanking or hedge funds or consultation, what are examples of "normal" jobs. By that I mean, 9-5 jobs. And what are example salaries and bonuses (if anything significant)?</p>