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If you don't go to a top school...

highflyinhighflyin Registered User Posts: 44 Junior Member
edited January 2012 in Business Major
I've been told that unless you go to a top school/target, getting a degree in finance isn't anything special. I don't necessarily want to go into IB, I just want a job that would allow me to work up to a six figure income within a few years. Right now I attend a fairly reputable state school, if a finance degree isn't worth much then what degree would serve my goals better?
Post edited by highflyin on

Replies to: If you don't go to a top school...

  • MalikwalMalikwal Registered User Posts: 151 Junior Member
    This is exactly what I was looking for

    Sent from my DROIDX using CC App
  • WhatdidyouWhatdidyou Registered User Posts: 539 Member
    "I JUST want a job that would allow me to work up to a six figure income within a few years."

    hehe, you just want a six figure income four years out of college. What an underacheiver. lol.

    Kidding aside, a business major will, generally, NOT get you a six figure income after four years. Although, i suppose it depends on the school and location you get a job in.

    In my area, I'd imagine (this is speculative) that 60K would be a more realistic salary after a few years. That is if you manage to get a finance job.
  • rcs1113rcs1113 Registered User Posts: 100 Junior Member
    OP: I'm not directly answering your question about getting a job but addressing the money issue...

    My sister's friend just graduated last year in finance, business, economics some kind of business degree. He got a job making 70k a year plus benefits.

    Now much like you at first I thought "now that's good and everything but it's not six figures."

    Think on the larger scale: This kid is 22-23 years old and making 70k a year. Considering he doesn't have a family to support, major bills to pay, no debt, he is making it.

    So I think that getting 60k+ straight out of college is spectacular, especially given our economic situation.

    Just some food for thought
  • WhatdidyouWhatdidyou Registered User Posts: 539 Member
    I agree, I feel like 60 K is alot for an entry level role. For my region/major, 50 K is around the salary for the most competitive jobs. The way I see it, you havent had any experience or on-the-job training, the company spends alot of capital training you, investing, and supervising you. You're probably overpaid...I guess maybe if I came from a very wealthy background I would feel like I earned/needed a 150 K job four years after graduating.
  • AsTranAsTran Registered User Posts: 372 Member
    Funny how people expect to make six figures so easily right out of college. You will be lucky to get paid 50-60k a year at an entry level position.
  • Arxos51Arxos51 Registered User Posts: 9 New Member
    It's definitely possible. Back after my dad finished his bachelors, he went to work in the oil industry in Indonesia and started off making ~150k.
  • commentcommentcommentcomment Registered User Posts: 733 Member
    Past does not equal present. you need to look at current market demands and market rate. 60-70k is more realistic at a great job. 70-85k if you get a top tier job before bonus.

    If you aren't at a top tier school, the chances of you getting a great job will decrease but you can still work at a bank on the operation side and make 55-60k.
  • DueceyDuecey Registered User Posts: 73 Junior Member
    In this economy, the only fields that will give you a reliable shot at a six-figure salary out of a state school will be software or petroleum engineering. You will need a good GPA and internship experience.
  • isaiahstockisaiahstock Registered User Posts: 383 Member
    Would about the top 20 on business Week's undergrad rankings be a considered "top schools"? If not, what would?
This discussion has been closed.