What majors/electives to choose? (1 Viewer)

[HSC guy]

What major/electives would get me the best chance at getting a job in stockbroking/investment/accounting/banking?

 

[Huy]

Accounting.
Finance.

 

[danielvh]

Accounting.
Finance.

Agreed. Economics is also good.

 

[seremify007]

Let's not forget if you end up going down the accounting route, you'll need to meet prerequisites for the post-graduate qualifications.

 

[Cookie182]

Posting here as well, in case my other post doesnt get read- id really appreciate detailed advice here guys.

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Having so much trouble deciding between an Accounting 'or' Finance major. I can't do both. Im doing a law degree concurrently.

Believe me ive researched this a lot, spent many nights googling accy v finance. There is a hell of a lot of advocates for accy generally based on the following-

1) Great demand/employment opps
2) Big 4 offer solid training programs, CA is widely regonised and can move you into a variety of careers.
3) Pay isn't bad
4) International travel
5) Safe

Cons appear to be-

1) the degree gives someone who is interested in financial assets such as derivatives etc no knowledge
2) Its is considerably more boring to study and I daresay at times more difficult
3) People hate the info systems focus

Finance advocates promote-
1) Interesting and hence can be easier to get good marks
2) Can lead to 'forefront' work- ie working on future transactions rather then studying past transactions.
3) Is a chance to earn higher salaries
4) Learn a lot of knowledge to help you on a personal level- eg wealth creation, derivative trading etc

Cons-

1) Obivously- way way way more competitive
2) Risky due to number 1 and the jobs are easy to lose in eg IB
3) Less lifestyle job- longer hours in IB for eg then accy
4) Not sure- but i dont think a single Finance major can lead u into Big 4 and hence CA (could be wrong on this)

So far the first year accy ive studied ive found very interesting and done well. However, im yet to study finance (only second year subjects) and may well find it more interesting. On a side note, im quite good at maths/stats and find the formulas etc in Finance interesting. I find the lack of maths in accounting frustrating.

I DONT want to be an investment banker. I want to work into the financial services industry for a few years/or Big 4 accy, get a professional acrreditation either CA or CFA or even just CFP and then move into business in property investment with a mate (yes i know, how risky- but what do u do?) He is also studying comm/law.

Hence im more looking for skills that will complement our partnership- practical skills i can use to invest. People suggest financial planning, but the major seems to take a little accy and a little finance and merge them into nothing with substance. Plus, with a finance or accy major you can practically still qualify for CFP. Remember also i will hopefully have a law degree. I may decide to work in corp law or watever for a few years after grad in order to build the equity to start our investment company. Thinking along the lines of law, accy seems to have more correlation. For eg- Both fields take a detailed look at tax laws, corporation ect etc How interesting this i dont know. I know tax barristers make a lot of $$$. This is not to say finance isnt useful, ie banking law, M and A

What would YOU pick?

 

[ifsonotso_100]

^ why did u post the same thing twice in two threads