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Author Topic: I'd like some opinions about a college major.  (Read 5503 times)

Dozer

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I'd like some opinions about a college major.
« on: January 12, 2004, 12:44:24 am »

Hi, there seem to be some very industrious people here, so i'd like to ask the forum what they think would be a good choice of a major for me. For lack of a better term, I want to be a financial expert.  :D To give you some background about my interests. I think economics is very interesting, and I love politics. I also enjoy reading how to get rich books.  ;D I feel like im pretty set on an economics degree, but according to what I have read accounting is going to be an in demand field in the next few years. I'm feeling frisky right now and I might even go for a double major. Like economics/accounting. Anyone have any suggestions on what kind of degree they think I should go for to help me become a financial wiz? Thanks in advance.  ;)
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thegotoguy

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Re:I'd like some opinions about a college major.
« Reply #1 on: January 12, 2004, 01:32:06 am »

I dropped out of college the minute someone showed me eBay (seriously).  It's hard to say what to major in, since only you know what makes you happy.

You can make a decent living doing just about anything (I sell freakin' baseball cards, for godsake, and it's been paying the bills for 10+ years).  The important thing is that you enjoy what you do.

(o.k., sorry to give you the typical self-help book cliche, but it is true)
« Last Edit: January 12, 2004, 01:32:52 am by thegotoguy »
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joe_m

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Re:I'd like some opinions about a college major.
« Reply #2 on: January 12, 2004, 08:28:23 pm »

Hi, there seem to be some very industrious people here, so i'd like to ask the forum what they think would be a good choice of a major for me. For lack of a better term, I want to be a financial expert.
Well, one major you want to consider if you'd like to be "a financial expert" is (drumroll) finance! It's no guarantee, of course, I have an MBA in finance, but I would hesitate to call myself an expert.

I do think that accounting is better for finding an entry-level job, though I find finance more interesting. A double major is probably not a bad idea if you can handle the workload, or if you can take more than 4 years to finish.
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FreeBoB

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Re:I'd like some opinions about a college major.
« Reply #3 on: January 12, 2004, 08:36:58 pm »

Hi Dozer -
I've been in the personal financial planning area for 16 years now self-employed and as independent as I can legally be.  I have lots of questions for you before I could even address your question.  IM me here and we can talk on the phone if you want to.  Happy to help...
Brian
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mark

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Re:I'd like some opinions about a college major.
« Reply #4 on: January 13, 2004, 06:21:28 am »

Dozer, ever consider transferring to a school in New Hampshire?  :D
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Mike Lorrey

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Re:I'd like some opinions about a college major.
« Reply #5 on: January 13, 2004, 12:19:41 pm »

Tuck Business School at Dartmouth is a top rated business school that has an excellent program in entrepreneurship and also works on developing free enterprise in developing countries.

If you want sexy financials to go into, look at nanotechnology economics. Its a brand new field. Another is financing and insuring personal augmentation. Making it easy for anybody to buy a new set of tits or get laser eye surgery is big money.

If you want to put bread on your plate wherever you go, do an MBA and CPA.
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lloydbob1

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Re:I'd like some opinions about a college major.
« Reply #6 on: January 13, 2004, 08:29:09 pm »

Philosophy and Physics

Who is John Galt?
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Strider

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Re:I'd like some opinions about a college major.
« Reply #7 on: January 15, 2004, 06:57:14 am »

I graduated from my undergrad in '91, during the recession.  Friends who had no problems getting hired then were accounting, finance and engineering majors (I took a different path, with my dual Journalism & Japanese major....   :o ).  

It comes down to what your goal is.  If you always want to be employable, accounting is a good bet b/c there is always a need for people to count the firm's money.  If you are more risk-seeking, consider finance.  I find finance more interesting, but the demand for hot Fin. jobs waxes & wanes with the market for I-bank jobs (which are sexy, but there is fairly constant demand for corp. finance if that floats your boat).  

If you are even considering an MBA later on (I know it did me a world of good) I would encourage you to expand your horizons a bit while you're in your undergrad program.  Econ is good, what about a minor in a foreign language, or poli sci?  Take some art or writing classes too.  Bschools love people who have rounded themselves out (but are still attractive -- read "normal" -- candidates) but most important, it will encourage you to think differently.
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BlueLu

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Re:I'd like some opinions about a college major.
« Reply #8 on: January 16, 2004, 02:34:32 pm »

One thing to consider if you are planning to move to NH, is that many of the reforms that Free Staters will be pushing for will eliminate the need for much of the accounting that is currently required by regulators.  Though, how soon Porcs can make this impact felt is very much up in the air.  Also, how much of the accounting burden could be lifted by state-level law changes is unclear -- could be a little, could be a lot.

As the leader of an Austrian Economics discussion group, I am pleased as punch with someone who wants to study Economics and Finance as separate fields.  It may mean that such a person would eventually get the message that they ARE separate fields of study.  Where I got my degree (Government/Economics) in 1991, the only professors who made a distinction between Economics and Finance were the Marxists.  One of the Marxist profs is also, incidentally, the only professor that had me read Boehm-Bawerk!   :P

If you decide to get Economics as part of your degree, keep in touch with me, and I will try to help you with research topics and directions of reasoning that will drive your professors nuts and can be fun for you, too.  Part of the purpose of our economics discussion group is to support college students with topics, references, and talking through ideas from an Austrian perspective.
« Last Edit: January 16, 2004, 02:34:45 pm by BlueLu »
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Strider

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Re:I'd like some opinions about a college major.
« Reply #9 on: January 16, 2004, 03:42:47 pm »

BlueLu:  you make good points about tax accounting, also about separating econ from more "nuts & bolts" business study.

Dozer: there are different types of accounting, and while tax acct'g is probably the best known, there is also corporate/financial acct'g (for co.s traded on NYSE/NASDAQ) -- someone has to keep the books according to GAAP principles to show the shareholders how much money is going/coming.  There is also cost accounting (my personal favorite) which enables a firm to understand its true cost of production/sales.  Again, it's nuts & bolts stuff.  Best of luck, keep us apprised as to what you decide.
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Dozer

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Re:I'd like some opinions about a college major.
« Reply #10 on: January 16, 2004, 10:52:38 pm »

Thanks for all the great responses guys.
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<Patrick>

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Re:I'd like some opinions about a college major.
« Reply #11 on: January 21, 2004, 08:32:52 pm »

Philosophy and Physics

Who is John Galt?

     John Galt is the man who loves his life.

     As far as a major, how about just Philosophy? Or Political Science?

     Let's take over the Ivory Towers! We need to establish an intellectual beachhead.

     "In his essay The Intellectuals and Socialism, F.A. Hayek argued that the success of the Left in the 20th century was due to their focus on cultural and intellectual elites...Hayek argued that the 'mass man' takes his views from intermediary institutions, such as the media and the schools. These intermediary institutions in turn took their cues from the intellectuals: philosophers, political scientists, economists, and fine artists. In the early 20th century, intellectuals became overwhelmingly socialist..."

--Jason Sorens, "Establishing a Beachhead for Liberty"

www.patriotist.com/miscarch/js20030113.htm



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lloydbob1

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Re:I'd like some opinions about a college major.
« Reply #12 on: January 21, 2004, 09:48:09 pm »


     John Galt is the man who loves his life.

I knew that.
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mark

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Re:I'd like some opinions about a college major.
« Reply #13 on: January 24, 2004, 06:31:50 am »

Somebody slap Patrick.


Who is Patrick?
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