Plan your career in the wide world of finance. However, I think accountancy will always be a prominent profession. So to help you get a taste of what kind of compensation you can expect, let’s take a closer look at some of the median annual salaries of five common finance positions in 2016: 1. I ran into something somewhat similar when I graduated with my undergrad. Economics is not a useless major: Best Undergrad College Degrees By Salary and if you've noticed most "economics" programs are not strictly "economics" as in the theoretical social science. The belief that any degree is useless clearly shows the bias and lack of consideration from whoever you’ve heard from. Picking a major is not like buying a new car. Where you end up in a career is the result of a meandering pathway that most college graduates are destined to take after graduation. A major reflects your interests at one moment in your life. Annual online job postings: 5,474. If you enjoy it and thrive, then a career will follow. It's why business is the most popular major on college campuses these days. Here’s what I tell them: find a major that will challenge you to work hard and spend time on specific tasks, such as writing, reading or math programs, and one that will present you with opportunities to learn from the best professors and be surrounded by peers who will constantly challenge you. An MBA in … Ask anyone working today if they knew exactly what they wanted to do with their lives at age 18, and they will probably say they had no idea (if they’re being honest). So, without further ado, these are the 10 most useless degrees in the world. Keep your head up, and don't worry too much about your major :). If money is your goal, Tony Carnevale, the director of Georgetown University’s Center on Education and the Workforce, will tell you that a certain group of majors provide a bigger return on investment over a lifetime. One analysis of 10 public four-year universities in Texas found that of the 40 courses needed for a business degree, only one required a writing assignment of 20 or more pages, and only three required assignments of at least 10 pages. That won't do much. Talent and drive matters to success in most majors. Starting salary: $39,200. Source: Analysis by Stephen Moret using data from U.S. Census Bureau and U.S. Bureau of Labor Statistics. You have to specialize. Job searching. Thanks a bunch for the response, yeah I'd like to advise HNN clients. The longer they have been in the workforce, the less likely it is that they are in a career directly related to their college major. Disclaimer: I studier A&F at a very theory-heavy uni, this might be different in a business school environment. Accounting, finance, supply chain management, and management information systems. Don't waste your time with an associates. What is a useless major? I don’t think you need to have rich parents or connections. “I majored in business marketing,” she told me, “because everyone said it would lead to a job after graduation.”. Is finance a useless major or something (Recent college grad)? Best of luck! However, I do attend a top 30 university with very strong recruiting. However, a lot of the things I'm seeing on the Internet seem to be saying that a finance degree is useless unless you're already rich and parents have connections. You can’t easily test-drive a major (unless you plan to stay in college for many more than four years). Don't listen to everyanything you see on the internet! A general business major, like business administration, is pretty useless. Those gaps exist for all kinds of reasons but perhaps the most telling is that math-focused business majors tend to work harder while in school that do those pursuing a general business degree. What it demonstrated was that skill development, not your undergraduate major or the college you choose, is most critical to your earnings potential. Some accounting theories in these A&F programmes are totally useless unless you want to do a PhD in Accounting. Students today are commonly told they should follow their passions and find a mission in life, but very few 18-year-olds or even 22-year-olds have enough experience in the world to know what truly excites them. Culinary Arts. Pick a major that interests you, but allow it and external experiences to help shape, not dictate, your mission in life. Private banking is very different to commercial and does rely a lot on having connections. Without the recruiting at my school I don’t think I’d be as successful in getting a job. She was in her mid-twenties and unemployed despite applying for dozens of jobs and taking on several unpaid internships. The academic fields that make up undergraduate business—finance, accounting, marketing, management, and general business—account for about one out of every five bachelor’s degrees awarded each year. So Yeah I recently graduated this past may with a bachelor of science in finance and well I feel like I ruined my life. I intend on starting university next year and considering to major in Banking and Finance. She’s not alone in thinking that. Those are the business majors to focus on. Many are just prestigious accounting/finance programs with more of a research emphasis but will still give you the units required for a CPA exam. The jobs I've had have been direct sales for home improvements the march before I graduated until August. It's more a minimum requirement to be considered for an interview. When you say private banking, do you mean for example, the private wealth management arm of JPMorgan, or do you mean advising HNW clients at a retail Chase branch? Loan officer: $63,6501 2. New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community. What’s more, only 22 percent of graduates with degrees in science and math actually get jobs in those fields and utilize their training. And if you’re majoring in business and think the undergraduate degree doesn’t matter anyway because you’re going to business school, remember this: business students score lowest of all majors on the GMAT, the entrance exam for most M.B.A. programs. I’m finishing my finance degree this spring and have accepted a commercial banking offer. They also earn less than those in more math-focused business majors, such as finance and accounting. … Thanks a bunch :D The university I plan to go to has a pretty strong alumni network in regards to banking. You can’t major in physics if you’re terrible at math. Art History. An economics student will kick a finance student, similar … They also spend less time reading and writing than other majors. Students majoring in business spend less time studying than anyone else on campus, according to the National Survey of Student Engagement. He is a regular contributor to the Washington Post’s Grade Point blog, a professor of practice at Arizona State University, and a visiting scholar at Georgia Tech's Center for 21st Century Universities. I have a good friend that graduated from a top law school, and she's a stay-at-home mom now. Press J to jump to the feed. That’s certainly the case for some. I'm currently in my 2nd year of a degree in Finance & Economics; basically, 50% Accounting & Finance modules with 50% Economics modules. I'm definitely an advocate of pursuing what you enjoy; if that's banking and finance, great! But in reality, most finance professionals aren’t multimillionaire hedge-fund managers—they’re regular folks earning a decent living. Salaries for specific majors can differ greatly, too. By using this site, you agree to this use. Ultimately the major you choose is less important than your performance and what you take out of it. If someone told you they work in finance, you’d probably assume they’re making quite a bit of money. Useless undergrad degrees are usually things that end in "ology" or that only have one obvious career path (English, history, etc.). No one should discourage you from pursuing your dreams. But it’s not the end of the world if you don’t. See our, One analysis of 10 public four-year universities. There is certainly demand in the job market for talented accounting majors. A general business major, like business administration, is pretty useless. A few weeks ago, a young woman approached me after I gave a talk about my book on finding a job after college. While you should consider different majors, and you should keep your options open for a while, don’t think you can do anything you want or have all the time in the world to make a decision. Accounting, finance, supply chain management, and management information systems. Everywhere I go, parents and students ask me for advice about choosing a major. Art history is a high niche subject that has already been perceived as being one of those … Another study by the Brookings Institution analyzed the market value of the 25 most commonly cited skills listed by alumni of each college in their LinkedIn profiles.

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