Questions

College Majors Business Major
1

<p>I'm currently majoring in Business, but haven't quite chosen which concentration within the business industry. I am aware that Accounting is the "go-to" major for business because of more job opportunities and higher starting pay. I am also aware that the name of the school comes into play as well. With that said, I'm trying to choose an concentration between Business Administration in Management or Business Administration in Finance. Some people may say that, if I'm trying to major in Finance, might as well study a bit harder and spend more time in school to get a degree in Accounting. However, my goal is to graduate ASAP and just start on my career because school doesn't fit me. </p>

<p>I've done some researches on entry-level jobs for these two majors and came to a conclusion that basically, entry-level management jobs are sales, managers, human resource manager, business research analyst, operations management, and other management-related jobs. Entry-level jobs for finance majors were financial analyst, financial planner, broker, banker, risk management, and etc. I know that you don't need a college degree to become a manager at some corporation, unless it's some top-notch fortune 500 company or some big business firms. I've also heard that analysts don't need a degree, but it's highly unlikely to get employed without finance-related degree.</p>

<p>Now, here are my questions:
1. Management vs finance - which degree has better starting pay? (on average; yes, I know it all depends on who hires you)
2. Management vs finance - better chance of employment straight out of college("NONAME" college) (Side note: can someone who majored in finance become a human resource manager?)
3. Management vs finance - promotions/salary in the long-term (This also comes down to how much you work your ass off, and with which company. But, I just thought some people would have different views on this, because I believe finance is more skill/experience related and management seems to be just experience related. Therefore, shouldn't finance have better salary in the long-run and more frequent promotions?)</p>

<p>I know these questions are all pointless and it all comes down to which field I am more interested in. I just want to hear some opinions and thoughts from people that had experienced or heard any questions similar to this. Thank you for taking your time reading this post. I really appreciate it.</p>

2

<p>Hey there,</p>

<p>I can speak from my experience - I’m a Senior at UIUC studying Finance and Business Administration. Our school is very skewed - about 50% of people major in accounting, 25% in Finance, and the rest in various Business Administration concentrations. On average, Finance makes the most, followed by accounting, followed by business administration. However, the average doesn’t give a whole lot of information in actuality - this is skewed because of the people who tend to enter each of these majors (We do very well in accounting and secondarily finance). The major that has a better chance of employment will be directly correlated with the ranking at your particular school and secondarily, how quantitative/technical the major is. Since most entry-level positions are analyst positions, they demand more number crunching/excel work rather than broad managerial thought (which management would get you). All else being equal and if you have no particular preference, go with finance. </p>

<p>I can’t speak in terms of LT promotions but that honestly comes down more to where you end up going for your MBA and more individual characteristics (nobody cares about what you majored in once you start work). </p>

<p>Hope this helps. </p>