Which job in finance would help me make the highest starting salary?
Okay i have just been accepted to a undergraduate business program at Rutgers University and after i get my undergraduate i plan to get my MBA from a top graduate business school. My choices are MIT-Sloan UPENN-Wharton NYU and Boston University should i pursue finance or would i make more money in another field and what type of job makes a high starting salary
Public Comments
- Screw Sloan and Wharton. They're both overrated. Stern at NYU is the best! It's even the closest to Wall Street itself! I'm just kidding you. Anywhere you go will be fine. Just make sure to go! Honestly, finance is a crap shoot. Now is not the hottest time to pull the slick stuff right out of the gate. However, I'm sure that by the time you get out, the economy will be much different from how it is currently. Everybody will tell you at length about the $70,000/year analyst job that's waiting just for you once you finish college. Not to burst your bubble, but unless your dad sits on the board of Goldman-Sachs, you're going to get a boiler room job. If you are insistent on the safe and salaried route, then the only thing I can tell you is that the internships you line up while in school are more important than your grades. Most of us end up playing around with small-time OTC's before we finally get into business for ourselves. This decade, the money was in derivatives and yet we all saw where that notion has gone throughout the past year! If I tell you where the money is at, I'd be speculating. If you'd been paying attention, you'd know that now is not the time to listen to a speculator. Furthermore, if I knew, I'd be in that right now and wouldn't be telling you! Smith's "Invisible hand", remember? I'll cut you a break, though, and offer what I've been able to piece together. Maybe that'll help. What I got going is buying up annuities, life insurance, settlements and all other forms of structured payments at a premium in exchange for cash up front. The whole foreclosure and credit problem has actually worked to my advantage. People need instant cash to save their homes or consolidate their credit, etc. I'm making a pretty decent return that I'm actually quite proud of. I do have something new developing extraneous of buying out annuities that might interest you to look into as a finance major. A lot of people are cashing out of the bond market and the government is sure to want to start buying them all back so as to sit on them and tighten up the dollar. It's a sure thing with Volcker at the helm of Obama's economic team. That's what he did to underwrite Reaganomics and it worked! Besides, buy low, sell high, right? However, that is the extent of my "speculation". You sound like someone who wants to play the long ball. That's a good thing. I know way too many guys that got caught short this past year who are currently unemployed and bankrupt after spending the better part of this decade living the glamorous life. As someone who also plays long, let me give you my nickel's worth. All the money I get goes right back out as soon as or even before it comes in. I'm not referring to spending on frivolity, but into the actual business. You don't need the lavish storefront in the beginning. Stay on top of your business and make sure to follow your money, play the long ball, limit capital constraints (total elimination is impossible so anticipate and adapt) and watch as marginal costs diminish like magic. You'll do fine. In any event, don't be scared. We were all trying to figure out the next best thing while I was in school. Turns out, there's no sure bet. However, things tend to fall together somehow and your path will choose you. I heavily recommend finance to everyone and an MBA to those with inquisitive minds and a semi-perverse love for adrenaline rushes. Good luck, my friend!
Powered by Yahoo! Answers