It’s ironic. A few years ago when I was still in high school my grandparents told me about how people who work on Wall Street receive huge bonuses every year. They suggested I go into finance even though it might be kinda shady. It sounded like a great idea to me. Rock wall street, bank big time, investing on Wall Street is the way to go. After the financial crisis hit, I was instantly relieved that I didn't enter college 4 years ago now looking for a job as a wealth investor. I feel horrible for the students who worked hard for 4 years, put time and effort into internships, and had secured a job only to find out their job offer has been rescinded by a failing company.
Despite the negative shadow that has been cast over finance, there is still hope for finance majors. There are the same amount of companies and positions available on the McCombs OCR database as there is for most other majors. Non-banking and investing companies still need inside people to manage their finances. However, keep in mind that unemployed people with excellent finance backrounds will most likely flood whatever job markets remain in the finance world.
For young McCombs students, I would sugget not soley majoring in finance. If you have a passion for investments and wealth managment, by all means, major in finance. However, it would be advantageous to double major to differentiate your skills sets. Perhaps when you graduate in 2012 your options will be limited in the world of finance but you will still be able to secure a job by utilizing skills learned within another major. Later on in your career you can go back on your finance knowledge and pursue what you really love.
As a side note:
Due to the recent outrage of the public, future financial leaders will be held to a much higher level of accountablility to prevent future crises. If you're a McCombs student wanting to go into finance, you must be a leader in this industry's transformation.
Despite the negative shadow that has been cast over finance, there is still hope for finance majors. There are the same amount of companies and positions available on the McCombs OCR database as there is for most other majors. Non-banking and investing companies still need inside people to manage their finances. However, keep in mind that unemployed people with excellent finance backrounds will most likely flood whatever job markets remain in the finance world.
For young McCombs students, I would sugget not soley majoring in finance. If you have a passion for investments and wealth managment, by all means, major in finance. However, it would be advantageous to double major to differentiate your skills sets. Perhaps when you graduate in 2012 your options will be limited in the world of finance but you will still be able to secure a job by utilizing skills learned within another major. Later on in your career you can go back on your finance knowledge and pursue what you really love.
As a side note:
Due to the recent outrage of the public, future financial leaders will be held to a much higher level of accountablility to prevent future crises. If you're a McCombs student wanting to go into finance, you must be a leader in this industry's transformation.
I was reading an article in the NYTimes concerning whether or not it's time to "retrain" b-schools to focus more on responsibility instead of stock prices. I fully agree that future financial leaders will have to be responsible finance leaders.
ReplyDelete