<p>I am considering this major, because I want to make a lot of money when I'm older, but I actually want to enjoy doing it. Is finance interesting, or is it tedious number crunching? Thanks.</p>
<p>i asked the same question. I plan on going to Stern in the fall, but would like to know more</p>
<p>You're only going to know if you actually enjoy it if you go out yourself and find out what it is. Someone can't tell you whether you will enjoy it or not. Just Google finance.</p>
<p>How can one plan on attending Stern and not know what Finance is?
It's obvious you aren't interested. It's fine to reach for monetary gains, but not if it isn't complemented with interest in the subject.</p>
<p>I don't necessarily have to do finance at Stern, or even business for that matter. But of course I plan on something business-related, and while I have a general idea of what finance is, I have no indepth knowledge of the subject. </p>
<p>In other words, I can attend Stern knowing that I will eventually pursue a career in business, even if I don't know exactly what that career will be yet.</p>
<p><a href="http://en.wikipedia.org/wiki/Finance%5B/url%5D">http://en.wikipedia.org/wiki/Finance</a></p>
<p>Can you describe in depth whats involved in a finance major and economics major? Are they similar?</p>
<p>Finance is mostly the process of helping companies/people make money. i.e. corporate vs. personal finance.</p>
<p>The Wall Street stuff is kind of complicated, and if you guys want to learn more.. just go to <a href="http://www.vault.com%5B/url%5D">www.vault.com</a>.</p>
<p>I've been working at an investment bank this semester so I know quite a bit about the industry...</p>
<p>It really depends on which part of Wall Street (finance) you get into.. If you get into corporate finance (where investment bankers work), entry level positions tend to be more number crunching.. however, it does get more interpersonal as you rise through the ranks.. the hours are tedious... probablly 110+ for an entry level position.</p>
<p>if you get into sales and trading.. it's more interactive and you follow the day to day developments in the markets.. (it's more complicated than that) The hours are not as bad, you work from 6 - 6.</p>
<p>research is a dead field on wall street.. don't get into that..</p>
<p>If you have a finance major at your university, go for it.. most ivies do not have an finance major.. so most students resort to doing economics.. but usually within the economcis major, there are finance classes.. i.e columbia, harvard, yale.</p>
<p>undergraduate economics is more or less theory.. which after my experiences.. i've realized it's all bullshizzle. undergrad finance is more practical. accoutning is more important too.</p>
<p>but do go to <a href="http://www.vault.com%5B/url%5D">www.vault.com</a> or <a href="http://www.thevault.com%5B/url%5D">www.thevault.com</a>.. can't remeber which.</p>
<p>good luck.. pm me if you have any questions.</p>
<p>What school do you go to? How did you get the IB job?</p>
<p>Finance involves issues such as: time value of money, learning how to value a company's stock, valuing bonds, capital budgeting, affects of debt on a capital structure, cost of capital, interest rates, corporate synergies, market anomolies...it covers a lot. If you major in finance, you will begin with accounting and move to a general finance class where you learn a little of everything. Then you can go on to take classes in valutions, applied finance, fixed income, international finance, future and options, etc. If you want to really know what finance entails, go to Barnes & Noble and read through a finance book to get an idea. Also look at all the courses offered at your school and read the description. Google things you are not familiar with. </p>
<p>I think finance is great because after taking many classes I actually understand in detail issues talked about in the Wall Street Journal and what is the driving forces behind them.</p>
<p>I really want to get a finance associated internship this summer...</p>
<p>I have worked menial jobs since at age 15 making $6 dollar a hour and quite frankly im tired of it.</p>
<p>First off im fortunate that money is not a concern for me, my parents handle my tuition and other fees plus all the money from working the last 4 summers is still pretty much there since i really dont spend my money on stupid things. I dont need a job that brings in X amount to contribute to my tuition. I worked those odd ball jobs from age 15-19 to show responsibility but now i think i need to look deeper. Instead of finding a quick fix that will supplement money now, i much rather get a internship that PAYS NOTHING but be beneficial for me in the future( something that looks impressive on my resume).</p>
<p>Im business oriented, my major is Finance, i run a small business on ebay, i play the stock market here and there ( MSN MONEY IS HEAVEN FOR REFERENCE). SO i want something business related to do over the summer, if not that ,some sort of criminal justice job interests me. I was really interested in getting a internship with FBI in Washington DC over the summer but you need to be junior standing going into senior year. IN my cirriculum, a internship is incorporiated to graduate and that will come next spring but i dont want to wait.</p>
<p>I guess my main problem is i dont have many connections to get me a job within a business world. Unlike many who claim they uncles, and friends of their father who are high level executives at Goldman Sachs, Merrill Lynch, i have none of that. Dont get me wrong i come from a great family but not a business family.</p>
<p>So i came here hoping someone can give me a strategy to land a useful job or internship during the summer, something that will benefit me in the long run.</p>
<p>I just transferred from Rutgers.. I just got into NYU Stern and waiting for Wharton.</p>
<p>connections is a large part about IB... but having connections just won't do.. you need talent/skill.. and a certain attitude and approach on wall street.. otherwise you won't survive.</p>
<p>IBs are really discrimnatory against certain schools, i.e. JP Morgan just does not like Rutgers students.. and a lot of it is based upon where the Managing Directors of certain departments graduated from.. most of them are from HYP/Stern etc... and based upon that.. they recruit at those schools.</p>
<p>For example: the head of global investment banking at citigroup got his undergrad at Rutgers.. that's the only reason they hire there..</p>
<p>another example: the COO of Deustche Bank was a rutgers grad.. and that's why they recruit so aggressively at Rutgers.</p>
<p>just to give you guys an idea of what undergraduate finance really is..</p>
<p>to be blunt and completely honest.. undergrad finance is a waste of time and bullShizzle if you know how it all works in real life... i'm only going to a undergrad business program not because i need it, but because i want more connections. =)</p>
<p>so my advice.. read the wall street journal/financial times everyday.. read businessweek every week.. watch CNBC everyday (the closing bell w/ maria barteromo is good).. and just be in touch with the markets..</p>
<p>it's going to be tough to start it all off.. but you get better day by day.. and it will all make sense when you learn it from the text books.</p>
<p>that's great advice. I've been reading Businessweek religiously and CNBC when I can. It's still hella confusing but I actually know a few terms now and have familiarized myself with some basic concepts. Thanks.</p>
<p>Financial times is boring. Its like bread just a staple. Get the Economist and read that. A nice mag. I also like Barron's. CNBC is good but dont listen to the bull of the likes of Kramer or Kudlow. Useless. Try out Bloomberg they are very good for info. WSJ should definately be read and focus on what you enjoy because otherwise it would take you too long to go cover to cover. </p>
<p>I dont suggest reading BWeek or Forbes.</p>
<p>alex- my cousin went to stern not knowing what she wanted. Stern introduced her to just about everything before she settled on marketing. She loved Stern and said that it was worth every penny. She went for graduate school and is doing quite well now.There is nothing wrong with not knowing what you want to do. It will be fun to experience everything. Good luck!</p>