<p>im really curious about what exactly business is
i know it sounsd like a dumb question but seriously what do business majors do after college? or what kind of jobs do people with mbas have because mba starting salaries are huge - like 140,000 if you graduate from top program.</p>
<p>Business is many different things. Many Ivy B-school grads go into banking (with pay of about 140-180K) or consulting (110-130K). Consulting is basically travelling and advising other businesses, conducting research, etc. Bankers usually make about 500K-700K about 5 years after they get their MBA, a consultant makes about 3-400K five years out. At the top end people make millions per year, the average salary 10 years out of Columbia business school is about 900K per year. These jobs really suck though, there's very little free time and a lot of intense people at these places.</p>
<p>Other people go into marketing. Marketing is great in terms of lifestyle, although the salaries are much lower. Post top MBA you make about 90K, in 5 years you might make 140-200K. </p>
<p>To get into a top MBA you can go anywhere. Some people come from Indiana, some from Princeton. For those interested in consulting or banking you can go anywhere and major in anything as long as you go to a top school. I go to columbia business and majored in history, my friend visiting this weekend goes to Harvard business and majored in anthropology. Many many people are similar. We both went to Dartmouth. Places like the top LACs and all the top top schools are feeders into these industries. For those wanting to go into marketing I recommend a business school like Penn or Michigan. Many people go into consulting, get their MBA, and then switch to marketing as well.</p>
<p>yeah i want to know what business is too. Because what do ou actually do when you major in something like business administration or business management etc. What do you learn?</p>
<p>
[quote]
yeah i want to know what business is too. Because what do ou actually do when you major in something like business administration or business management etc. What do you learn?
[/quote]
</p>
<p>Business school curriculum typically centers around the different areas of business and gives you a choice of concentration. So you will normally take starter courses in accounting, finance, operations management, marketing, business communication, etc. Once you have finished that, you typically choose a concentration (or even a split concentration) in your senior year. For example, if let's say you pick something in marketing like Advertising & Promotion you will take 4 classes that specifically go in depth in Advertising & Promotion.</p>
<p>damn i wish iw ould have discovered business sooner, i would have applied to schools with strong business majors. too late now. i'm a senior.</p>
<p>business is A LOT of work
no joke...you have to work reallly hard
its a very stressful thing to go into</p>
<p>Like I said though, a great majority of the employees at the top banks and consulting didn't major in business. You can major in almost anything. The overall school reputation matters though.</p>
<p>
[quote]
Like I said though, a great majority of the employees at the top banks and consulting didn't major in business. You can major in almost anything. The overall school reputation matters though.
[/quote]
</p>
<p>Great majority? I'd like to see a statistic on that because I believe that to be untrue. Also your comment on the "major in almost anything" is only true if you go to a top university. If you go to Harvard and major in something completely irrelevant to business, yeah you will probably get an interview at a top business firm, but outside of the top 30 you'll be hard pressed to find a handful of students working at a top bank or consulting company that did not major in business.</p>
<p>Funny. I said the exact same thing in my post!!...My quote:</p>
<p>"For those interested in consulting or banking you can go anywhere and major in anything as long as you go to a top school."</p>
<p>I have clearly stated that you need to go to a top school to get into these areas. But in the top 25 you don't need to be a business major. As for the non-business major, from experience I would say about 75% of my Mercer class were not business majors. This basically happens because there are so few top undergrad business schools and they like candidates with liberal arts degrees. From my experience in B-school I would say most of the people at these places were not business majors (because many of them went to the Ivies, etc where there are no business majors).</p>