<p>I agree with futurenyustudent, in everything he has said. Also, finance majors do get jobs in big 4 accounting firms(even though it occurs just as much as accounting majors in IB) The reason why my screenname is pre-medwannabe is because my parents sort of forced medicine on me and I finally grew enough b a l l s to speak up and make decisions for myself because I realized that Doctors are very humble people because they perform miracles everydayget very little pay and credit for their work. I am not that humble or willing to put my time into something I do not like. There is no limit in business and I will probably be attending IU-Kelley or an LAC for 3 years and then Columbia Engineering school for 2 years and get my degree in Industrial engineering. I sacrificed happiness in my family and parents to pursue something which I believe relentlessly in so I do know enough about it because I had to get my research together before I could shut my parents up. Trust your BIB. (Brains, Instincts & Balls) Best of luck.</p>
<p>"...Also, finance majors do get jobs in big 4 accounting firms(even though it occurs just as much as accounting majors in IB)"</p>
<p>To be correct, while there are finance majors/concentrators that do end up working in positions at the Big 4, they are limited to the advisory (consulting) and transaction (business valuations, mergers and acquisitions, etc.) lines of service. The vast majority of jobs at the Big 4 are in Assurance and Tax. A prerequisite for these positions (for legal reasons) is an accounting education--finance majors/concentrators cannot apply for these positions. The bottom line is that finance majors cannot get most desirable accounting jobs.</p>
<p>Also, don't make the mistake of thinking that your major is the primary determination of whether or not you can get a job in investment banking. People who go into investment banking come from a variety of majors--many not business or economics related. The fact that most accounting majors/concentrators don't go into investment banking probably has more to do with culture than qualifications: in general, finance people often do not understand accountants, and vice versa. They go into different fields that breed different personalities. While they are complementary in the sense that accountants need to know finance and finance workers need to understand accounting, accounting has much more to do with law than it does with finance.</p>
<p>"Can anyone give a clue what we will study in MIS? A mix of computer science and management?"</p>
<p>Computer science is very specific--you study computers and programming and the like. It is not a business discipline. Information systems, however, is a business discipline. While you probably will learn a bit of programming, the focus is more on business applications, designing management systems and takes a much more theoretical view to value-adding computer systems. </p>
<p>"Is it just me.... or am i the only one who thinks that ppl should major in something that they're good at or that they enjoy... a "fit" in other words.... why do ppl think that they should conform to whatever makes the "most money".... b/c ... well at least in my opinion... you'll end up dissatisfied with your job if your just looking at its monetary ends..."</p>
<p>It's not just you--I agree. I think some people on this board will be very sad when they realize that not everyone drools every time an investment banker walks by them and that not everyone receives grandiose bonuses every year. I also think that a lot of people haven't taken the time to learn very much about the job and industry--such as what happens to the business when the economy faces a downturn and what the effects of consolidation within the industry are. These aren't things that should necessarily deter someone from going into investment banking; however, these are things of which people should be aware.</p>
<p>Not that I think that there is anything wrong with investment banking (or any finance position). It's a great field for some people that can provide a lot of upside.</p>
<p>"also, is this true that business administration has more accounting than economics?"</p>
<p>Business administration is an applied discipline--it does require (at least) a rudimentary understanding of accounting. Economics is a social science, which usually taught in an arts and sciences/liberal arts school and is not applied.</p>
<p>"I still wonder how people (majoring in computer science or engineering) can work in IB area without knowing anything about it. Do the banks just head to the most talented people without paying much attention to their professional education?."</p>
<p>Many investment banks approach recruiting with the expectation that they will have to train employees everything they need to know--you just need to find qualified people who can handle the job. If you go to the right school and demonstrate leadership, education may not be an issue. Many non-finance firms also recruit this way.</p>
<p>^Just to be clear getting a job involves more what school you attend rather than what major.....I hate posting these stupid repetitive posts because people on these boards like to overemphasize common knowledge.</p>