<p>Do they value an undergraduate degree in something technical such as engineering, to provide for a strong quantitative background, and then an MBA maybe later on?</p>
<p>Or do they value an undergraduate degree in something such as Economics and maybe a minor in something technical and an MBA in addition to this later on?</p>
<p>Which one is the BEST and MOST REWARDING option for a college student to choose if he/she wants to go into i-banking or hedge funds?</p>
<p>If you do what you need to do in either field, it'll be fine. If you pursue an engineering degree, while also taking some econ/finance courses you could be a strong candidate for consulting. In terms of I-Banks? You're better of pursuing straight Math and Econ double major with courses in Finance.</p>
<p>I'm ok with math, so rather than go for that, I'm doing an Econ+_____ Double Major with a minor in Applied Statistics.</p>
<p>so can anyone help me out?</p>
<p>umm I'm pretty sure dearsiryes just did.</p>
<p>You can get the MBA regardless of whichever path you pursue. Focus on the undergrad because you're not getting the MBA until a few years after your BA/BS unless your godly. </p>
<p>If you really want to get into Banking, do a ridiculous amount of math. Some schools are offering financial engineering which is almost exactly what those types want. As I said, double major math and economics or math and finance, or just do math and dabble in economics and finance.</p>
<p>Depends on what you want to do specifically.</p>
<p>but i really want to go into management position......i know i have to start out as something smaller...</p>
<p>idk i wanted to become an investment banker..but then i learned about the long hours and that repulsed me, now i want to be a hedge fund trader but the ultimate goal is to become self-dependent and rich</p>
<p>what shoudl i do education wise [i considered what you guys said above but i want to know what is needed to obtain that management position 5 years down the road]</p>
<p>You want to get into funds? Then you need MATH. Dude, the above comments are pretty much standard across the industry. </p>
<p>You want to do anything financial? You need MATH. Statistics, physics, linear/matrix algebra...math.</p>
<p>Then you can land yourself in whatever position you want to land and 5 years later your firm will (after you've impressed them) partially cover or fully pay for your prestigious Ivy League MBA.</p>
<p>if you want to get into a hedge fund either 1) know someone 2) get really lucky 3) go to an IVY and then excel at a top Ibank</p>
<p>5 years is kind of unrealistic also unless you are exceptional...the fact you just found about the long hours and are unwilling to commit to them seems to hint at the fact you might not be suited.</p>
<p>If being rich was easy, everyone would be rich. If finance industry was easy, they wouldn't pay so much. If you want to make alot of money you are going to have to work absurd hours your first few years.</p>
<p>I have a feeling the hedge fund industry is going to start collapsing soon.</p>
<p>so are you saying I need to take engineering?</p>
<p>I don't understand quite what I should do. Let me just tell you this much, my entire high school curriculum was based around some sort of science or some sort of math or engineering-ish subjects (AP calc, physics, chem, stat...etc. etc.) I have good scores on all of them, but quite frankly, Im tired of engineering-ish stuff as it stands right now as high school senior almost done with high school. I think i might want to try something different so as to start on a pair of "fresh legs". Im really just trying to maximize my GPA by trying something different that I think might captivate my interest. BUT I want to ensure that 5 years from now I get a super-high paying job at a hedge fund or something like that. That's why I'm asking you, how should I plan my education?</p>
<p>I think my options at the current time are something like this:
B.A. in economics from a place like Rutgers U. in Newark</p>
<pre><code> or
</code></pre>
<p>B.S. in something like engineering froma place like Rutgers U. In Newark</p>
<p>I'm not sure if I want to double major, because that might take 5 years and it might be a little too burdensome on my educational experience. I don't want to end up working like a hog for 4 more years.</p>
<p>Actually you pretty much killed your chances at Rutgers unless you can explain why you went there....(full scholarship, whatever) or know someone. But anyway um just major whatever will get you a higher GPA and apply, apply, apply. You might be better off doing econ and using the spare time to do other stuff.</p>
<p>Agreed, it will be extremely difficult to land an ibanking position out of a school like Rutgers.</p>
<p>Not necessarily true. I attend UH which is a 4th tier university and, through SEO, was extended an offer by Lehman Bros. It all depends on your resume.</p>
<p>However, I'm transferring out to WUSTL, so my stats were pretty good to begin with. Nevertheless, it's definitely possible if you have a strong resume, a voracious appetite for knowledge and a strong work ethic (good scores also help-SAT/GPA).</p>
<p>Is it possible to land a banking job coming from NYU. I know its not ivy league...but is there a chance?</p>
<p>yes, Stern has a ****load of people go into ibanking.</p>
<p>and what about california schools that are not so strong with east coast ties, such as USC and UCSD's economics, mgmt science?</p>
<p>
[quote]
Not necessarily true. I attend UH which is a 4th tier university and, through SEO, was extended an offer by Lehman Bros. It all depends on your resume.
[/quote]
Well then, all 'magnetschoolCA' needs to do is be eligible for SEO. Easier said than done.</p>
<p>
[quote]
You want to get into funds? Then you need MATH. Dude, the above comments are pretty much standard across the industry.</p>
<p>You want to do anything financial? You need MATH. Statistics, physics, linear/matrix algebra...math.</p>
<p>Then you can land yourself in whatever position you want to land and 5 years later your firm will (after you've impressed them) partially cover or fully pay for your prestigious Ivy League MBA.
[/quote]
I don't actually think they require math. Most math used by Ibankers isn't high level. Most financial instruments are relatively low level (considering that the courses you mentioned are taught to every graduating engineer). Perhaps if you were going into hedge funds (in which case you would likely have math training beyond undergraduate). In that case, why do they like math? It's a screening tool for intelligence for students who don't go to Harvard or Yale.</p>
<p>Hedge fund managers comes from so many different backgrounds that there is actually no such thing as normal route to hedge funds.</p>
<p>Ppl who say Ivy---> I-banking---->hedge funds either don't know much about hedge fund industry or are talking about lower level jobs (not managers who make most of the $$$).</p>
<p>take Bruce Kovner for example, he manages the world's larges hedge fund, and he was a cab driver in new york. (dropped out from harvard though). Failed at pretty much at all career path he tried (academics, politics, etc). then when as a cab driver, he borrowed $3000 againsst his mastercard & started trading commodities, made $50000 in weeks, but lose half of it in a day. rest is history.............</p>
<p>if you want to do hedge fund, start trading ASAP and if u get superb track record and build a reputation, ppl will throw money at ya.</p>
<p>if you wanna to I-banking, join the rat race.</p>