I want to study business probably finance. I was accepted at Michigan LSA (didn’t apply to Ross) and Indiana Kelley (Direct admit). If I major in Econ with minor in Finance at UM vs major in finance at Kelley, which affords me greater opportunities (investment management or banking) in NYC after graduation in 2024? Thanks
The University of Michigan places better in IB than does IU-Kelley.
Do you know whether non-Ross students can interview for IB (and other highly desirable jobs)? I seem to remember some restrictions for non-Ross students interviewing thru Ross career placement.
OP should check into that…maybe with a Ross based minor it would possible.
It is important to understand that economics and finance are very different majors. Economics is a liberal arts course of study and gets very theoretical at the upper levels. In contrast if you go to an undergraduate business school like Kelley you will take a business core with introductory classes in subjects such as accounting, finance, IT, marketing etc. and then you will major in one of those disciplines. I’m not saying that one path is better than the other, but they are different. I would take the time to look at the coursework (should be available online) for both a finance major at Kelley and an economics major at UM and see if one path is preferable to you.
You might also contact the career placement offices at both schools to see if you can get a sense of what job opportunities are available for Kelley finance major graduates and UM Economics major graduates.
You can get to both from both. Econ is, as @happy1 states, more theoretical. Some programs get very heavy in multivariable calc, linear algebra, etc. A lot of finance programs are getting pretty stem based on the quant side too. Definitely different today.
Keep in mind that many of the top schools (HYP etc.) don’t offer UG Fin majors (or have an UG B school) but obviously place very well on Wall St for front office jobs. So either is great.
If you’re not a prestige hound (which really doesn’t matter long term), I would actually go with what you find more interesting.
Also understand that regardless of school, Wall St jobs are VERY competitive - like crazy competitive especially if you’re unhooked. The networking has to start EARLY in your college career to really have a shot unless you are just that kid. I heard Goldman Sachs filled a few hundred internship spots for this summer but received thousands of applications and I assume most of those are from kids who realistically thought they had a shot - so really good students from good schools) So many think they want to go down that path and change once in college so finding something that truly interests you is key.
OP: Will Michigan allow LSA students to take a minor at Ross ?
IB is hard to get from either IU-Kelley or Michigan LSA-econ, but it can be done.
Business clubs are important at Ross and connections made there can lead to internships in IB.
Competitive admission for LSA students wishing to do a Ross minor:
https://lsa.umich.edu/lsa/academics/majors-minors/business-minor.html
https://michiganross.umich.edu/undergraduate/business-minor/admissions/faq