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/biz/ - Business & Finance


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11248006 No.11248006 [Reply] [Original]

Best major for investment banking?

I want to do investment banking, I've looked into majoring in math or cs. I'm EU based, but I wouldn't mind working overseas if I got paid enough, if that changes anything.

>> No.11248022

>>11248006
Doesnt matter. School name and GPA is more important.

>> No.11248030

By the time you graduate the next financial crisis will hit and they won't be hiring.

Just do accounting+finance lots of finance paths you can take with that if you go for a big 4 internship. Can work in insolvency/restructucturing if shit hits the fan.

>> No.11248038

>>11248030
So would trying to do something else be a better plan? Medical studies maybe?

>> No.11248134

Red pill.

Avoid finance. Go to med school. Then specialise in Nutrition. Open a stress management clinic or integrative health clinic. Hire or collaborate with 4-5 more folks each specialising in massaging / psychology / naturopathy / yoga. Charge 150$-250$ per 45min session

Recession proof way to print money

>> No.11248162

>>11248134
Thing is I haven't taken any biology or chem classes, all I have is a lot of math and cs and very little physics

>> No.11248213

>>11248162
Look into data analytics type career paths. I work partially in this field and wish i had the maths/cs background. I'm poorly qualified at it and can earn more than with my accounting degree.

Med would be good for recession proof, all the boomers are going to be funneling more and more into it as they age. But if you don't have the pre reqs..

>> No.11248233

Any internal audit fags here? Basically on my straight way to it.

>> No.11248243

>>11248006
If you know you want to do IB then study finance.

>> No.11248261

>>11248233
Doing external audit work. Pretty soul destroying. IA looks alright depending on the place.

>> No.11248272

>>11248213
I've looked into actuarial sciences, it looks like an exciting career path I would enjoy.

I'm mainly looking for a job that pays 6 figures but doesn't eat up my life as medicine would, so I'd have time for my family and hobbies.

>> No.11248283

>>11248006
CS can be good for very specific jobs in IB, but it's not good for IB in general.

>> No.11248296

>>11248283
I'm drawn towards mathematics, I'd like to avoid being a google/startup code monkey.

>> No.11248308

>>11248272
Actuary and accounting/finance probably not for you. Legitimately studying for the rest of your life. Come straight out of your degree to long days and professional studies at same time, actuaries have to go one further.

>> No.11248321

>>11248308
So what could be for me? I am confident I could learn anything, and I wouldn't mind doing so.

>> No.11248325

>>11248272
>I'm mainly looking for a job that pays 6 figures but doesn't eat up my life as medicine would, so I'd have time for my family and hobbies.

Investment bankers routinely work 16-hour days and weekends.

>> No.11248335

>>11248296
My best advice is to study what you find the most inteeresting and make sure you know what you're signing up for. As long as you study STEM, finance or law you'll be fine in terms of career prospects.

Most people don't end up with the job they envisioed when they started studying, so it's a bad idea to study finance just because you want to work in IB. Study finance if you find it really interesting, sneak into some classes to see what it's like, talk to some finance students at your university (I'm sure they'll be more than happy to answer some questions) etc. The same goes for any other degree.

>> No.11248336

>>11248321
Data analytics. Seriously good money, fun coding work (build databases and shit).

>> No.11248365

>>11248022
This, to an extent. Economics/Finance with a minor in math, stats, or CS from an Ivy or very well regarded state university will put you in a good spot. Definitely learn some programming though, as well as another language, like German or Mandarin(or whatever the business class folks speak in China).

>> No.11248371

>>11248308
Finance grad from Europe here. I don't agree with that at all.
>>11248296
If you don't like programming then it's probably a bad idea to study CS.

>> No.11248410

>>11248371
I'm not from Europe, might be different there.

In Australia i work for big 4. Literally 80 hour weeks including study 3 years out of uni.

>> No.11248415

>>11248261
Any significant certifications you would suggest?

>> No.11248417

>>11248336

Is math a good major for that?

>> No.11248432

>>11248415
Will have to do your own research there. I don't have the quals, just experience built in an almost unrelated field which has lead to some interesting job offers.

>> No.11248460

>>11248417
Same as above, treat it like crypto put jn the necessary research time. Start researching potential jobs that look good and their requirements on job postings then work back to the relevant study requirements.

>> No.11248469 [DELETED] 

>>11248006

You're going to need an extremely robust set of knee pads for this.

Also enjoy watching as your job gets done by Google cloud within the next 10 years.

>> No.11248494

>>11248415
Shit sorry didnt see you were IA anon.

If you haven't graduated yet look to get into any internships you can. The extra certificates you might study are less relevant than getting your foot in the door at the right place. If you are in Australia try and get a government job. You will do the same work for a lot more pay and 7.25 hour days.

>> No.11248495

>>11248296
If you like math, get into Fintech or Algorithmic trading after a PhD in Math or CS

>> No.11248502

>>11248336
t. Pajeet

>> No.11248504
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11248504

>>11248006

You're going to need an extremely robust set of knee pads for this.

Also enjoy watching as your job gets done by Google cloud within the next 10 years.

Oh and....

>investment banking
>I'm mainly looking for a job that pays 6 figures but doesn't eat up my life as medicine would, so I'd have time for my family and hobbies.

Oh my SWEET SWEET SUMMER CHILD

LOLOCAUST

>> No.11248513

>>11248272
Thats not investment banking then either buddy, I think youre really really really underestimating how difficult it is to get hired for a big investment firm like jpmorgans or somthing.

>> No.11248515

>>11248502
Go fuck yourself cunt

>> No.11248522

>>11248272
>wants job that wont eat up their life
>investment banking

16-18 hr days are standard if you want 6 figures, and weekends? you will be working those also
t. citi

>> No.11248524
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11248524

>>11248325

>I'm mainly looking for a job that pays 6 figures but doesn't eat up my life as medicine would, so I'd have time for my family and hobbies.

That literally doesn't exist. It's like everyone turned into NPCs that can do only one thing in their life: work.

>> No.11248536

>>11248524
Pretty much, its fucking depressing.

>> No.11248542

>>11248515
Your ID literally starts with POO hahahhahhahaha

>> No.11248552

>>11248542
Oh lol hahahaha all is forgiven

>> No.11248554
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11248554

>>11248542

>> No.11248582

Case in point about how much some careers suck. Its 1am and I've been drunk shitposting while cramming for a CA test i couldnt study for through the week due to 12 hour days. current work location is 3 hours flight away from my home. Monday is a public holiday that i will have to do a full day of unpaid work to get my jobs over the line.

Good luck anons, enjoy your day.

>> No.11248646

>>11248524
Medicine wouldn't take up your life. But the high paying chill specialties are one of the more competitive ones. Acronym is ROAD (radiology, ophthalmology, anesthesiology, dermatology). Good work like balance and high pay. But you not only have to get into medical school, but then subsequently be well performing in medical school too.

>> No.11248650

>>11248582
t. Ranjeet

>> No.11248953

>>11248006
Maths/physics

>> No.11249020

Alright, actuarial science looks pretty fun, is it a good profession?

>> No.11249448

>>11248233
Internal audit is hell but pays well

>> No.11249710

>>11248272
>I'm mainly looking for a job that pays 6 figures but doesn't eat up my life as medicine would, so I'd have time for my family and hobbies.
You realize investment banking is 60-80 hours a week, 49 weeks a year?

>> No.11249728
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11249728

>>11248006
Econ or Fin Eng @ Columbia university if you can afford it

T. CU alumn FE grad, former IB analyst @ JP

>> No.11250253
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11250253

>>11248522
>>11249728
Hey anons, Eurofag here. Currently majoring in math, plan to do a master's in finance. Is this a decent way to break into M&A? I see most top execs have JDs or whatever. Does the degree matter once you're in?

I think IB is the best career path for me because I can handle working like a slave and I'm just in it for the money. The problem is I'm not in a target school, and even if I get into a good master's, my resume won't be top tier.
With that in mind, what should my plan be? Should I try to get into a smaller, less competitive bank or fund and then seek to "transfer out" to JP/GS/citi...? Is that even possible?
Is PE where the real money is given how few people do IB in the long term and most big shots fuck off to Blackstone?

>> No.11251044

>>11250253
bump

>> No.11251455

Investment banking is a shitty job in reality the only thing people enjoy about it is parading the title around. What you really end up doing is sitting around doing nothing between 9 and 5 pm and then having a ton of work dumped on your desk that's due the next day. The actual work is fagging around on excel and PowerPoint. So if that's your thing go nuts but there are plenty of careers that pay as high or higher and aren't nigger tier.

Such as
>Med
>Software engineer
>Quant software engineer in finance
>Marine engineering

As for answering your question go to mergers and Inquisitions if you actually want a job in finance the advice there is good. Major doesn't matter internships do.

>> No.11251523

>>11251455
None of the jobs you posted pay better after a few years of experience, in Europe at least, except perhaps some medical specialties, and that is if you have your own practice. Otherwise, a MD or even VP makes more than all of those.
Guess I'll ask on M&I.