/biz/ - Business & Finance

[Anonymous No.11979767]

Should I do finance at university? Finance majors with jobs please reply.

[Anonymous No.11979791]

>>11979767
enjoy getting rich while realizing money doesn't make you happy and being a leech to society

[Anonymous No.11979796]

>>11979767
Went to Lehigh University

Finance friends worked their asses off for 100k+ jobs and a corporate ladder. Most have cocaine and drinking problems ironically (4/5 of close finance bros).

Sure its a good field to study, but you better have connections and know what you're doing, otherwise you'll make 60k forever at some D tier bank

[Anonymous No.11979812]

I studied finance and accounting, realized im better off managing my own business in a completely different field. So no its not worth it. Its better than dumpster diving, but its far too much work for far too little compensation

[Anonymous No.11979851]

Not really.
If you're not a brainlet, try electrical engineering.

[Anonymous No.11979900]

>>11979767
Bump for interest my major will be finance next semester

[Anonymous No.11979995]

The only finance guy I knew who made a lot was Jeff Koons and he didn't even get a degree in finance.

[Anonymous No.11980114]

>>11979812
what kind of business? details?

[Anonymous No.11980354]

>>11979767
Yes, chose it as your major. But supplement it with a bit of coding and databases (VBA & SQL for starters). In finance, most people cannot code for shit.

I do the work of about two people, just because I use makros in excel to complete tasks, which my collegues used to do manually.

My collegues love me for the sole fact alone, that they dont need to do as much overtime as they used to do.

[Anonymous No.11980410]

>>11980114
construction. I earn around 15k a month.

[Anonymous No.11980451]

>>11979767
>Should I do finance at university? Finance majors with jobs please reply.
If you wanna deal with economical professions go for math degree

[Anonymous No.11980474]

>>11979767
Majored in finance and got my current job 5 years ago. Realized that the field is full of nepotism and elitism. New recruits from elite schools get hired above me. In my opinion this field is not worth it unless you make 200k. I know this sounds crazy but I work 80+ per week and I’m at about 125 before tax and I’m fucking miserable. If I could go back I would have done engineering. Fucking kill me

[Anonymous No.11980611]

>>11980474

move to some lower cost european country (where you can be comfy and only throw 10k pro annum at that) and do a two year master's in some engineering field

[Anonymous No.11980634]

>>11980354
Unironically this. It's exactly what my buddy at Chase Bank did.

[Anonymous No.11980881]

>>11980354
I code applications in C++ for fun, but I haven't touched VBA/SQL because I haven't had a need to.

Could you please give me some real world examples of VBA/Excel/SQL use in finance (or maybe suggest some books/websites) so I can get up to speed on them? I'm sure they would be fairly trivial to learn but I learn best through real-world scenarios.

[Anonymous No.11981147]

>>11980474
Thanks for making me feel a bit better anon, I thought grinding my ass off to get into an elite uni was worthless but maybe their was some benefit.

[Anonymous No.11981183]

>>11981147
>nepotism
did you read that post anon? they arent hired because of getting into an elite uni, they are in the elite uni in the first place because of their connection. then the same goes once they are in the "job marketplace". they wont hire you because you attended harward, they will hire you if you know willy wonka.

[Anonymous No.11981232]

I’m majoring in finance/business management and I like it, but threads like this one make me question it... Biz always FUDs majoring in finance for some reason...Anyone who majored in finance and don’t regret it?

[Anonymous No.11981247]

>>11981232
its like the most regrettable thing to study in uni to both people that dont end up in business and finance and to those that do

[Anonymous No.11981262]

>>11981247
What makes you say that? I keep hearing stuff like this on biz, but irl I rarely/never talk to people who regret it. I’m from Northern Europe fwiw.

[Anonymous No.11981280]

>>11981262
i guess my opinion has formed from just many years online hanging around the biz community on the internets, if youre someone that needs info spoonfed to you then getting it from uni is fine

[Anonymous No.11981284]

I majored in finance at a shitty Canadian school and got great grades and extracurriculars and internships and all that keener bullshit. Landed a full-time buyside gig at a small-medium size real estate asset manager out of school.

It's a great job in that you're actually paid to think and use your fucking brain instead of just rotting away doing some menial back office work but it really does consume a large portion of your life. Most front office employers will want you to get a designation like the CFA to bolster the credibility of the firm, so you're likely going to be studying for that while working 60-hour weeks. Business trips to go see properties n shit are fun too but that eats away your weekend/week while you're gone, and all the shit you miss while you're travelling you generally end up catching up on over the next weekend.

From my personal experience, I just wrote the CFA level 1 yesterday which was a gigantic shit show and took 5 months of studying while working, and today I gotta fly out to NY with my boss to check out some public co's investor day and walk around the city, so there goes the rest of my weekend. If you enjoy the game of trying to outsmart the market it's a great gig though.

[Anonymous No.11981299]

>>11981232
i dont regret it, it just really makes no difference in my life. i might not have started my own biz straight out of high school. at least it given me time to grow up.

[Anonymous No.11981902]

>>11980881
SQL: collect and aggregate all possible information you get on the company.
Excel: create meaningful pivot tables based on the information you collected.
VBA: automatically create and send any reports based on said pivots.

When I was doing this, building the database in the first place revealed inconsistent master data within the company.
The pivot tables were able to give the CEO/CFO/CTO a better insight in the company operations. Several projects were canceled based on this.
The reports led to the project leaders and team leaders to focus on their work better, as they had less to deal with gathering information.

Also, I prepare and double-check the master data for a SAP migration in the next months.

However, I cannot suggest you any books or sites, I learned everything on the run (only did a bit of C# and Ruby for fun during uni). But the tech & code itself is not complex - the data it crunches is.

[Anonymous No.11981952]

>>11981902
Sweet, thanks.

Have a Tay.

[Anonymous No.11981955]

>>11981232
I dont regret it a single bit.

With my Bachelor's degree, I get paid way more than the average Master's graduate in the same field. Admitted, it is mainly because the reasons stated in >>11980354 but even without, the starting wage of a controller is above the overall average wage in Germany.

[Anonymous No.11981997]

>>11980881
The only valid real world scenario for VBA is not having access to any programming language at work while having excel installed.
Then, you create whatever is necessary to automate things you do everyday, where those things can grow into full-blown system.

[Anonymous No.11982081]

Get a math degree with a focus on fiance. Then go to NYC to get an MBA.

[Anonymous No.11982164]

>>11981997
Sorry, this does not work.

Imagine, you get an email from a collegue in Spain (which actually happened to me last friday):
"Hey, can you send me this .xlsb-sheet where you automatically change this balance sheet of our subsidiary in UK? We basically need to do the same in Spain and we need it in ten minutes for an important management meeting."

With VBA, I was able to send him the file, told him to click on the flashy button with "click me" on it and everything was fine. It works, as long as the other side has MSoffice installed and the access permissions to certain paths on the server are the same.

Now do the same with a file you yourself coded in an environment, where:
- running not verified software is against the compliance rules (aka "gets you fired right away" where I work)
- installing new software is tedious as fuck and needs not only permission of the CEO and CTO, but the local head of IT of every single subsidiary
- no one is able to identify or even read code

It might suprise you, but VBA is extremely useful, if the number of users comprise of a low amount of specific users, who would have a hard time understanding HTML. A full-time dev would ofc. laugh at what I do with it - but a dev also dont know shit about e.g. balance sheets, cost accounting, local GAAP and IFRS.