<p>
</p>
<p>1) Computer Science: </p>
<ul>
<li>You can get a developer/programmer job at a top tech company, if you are good. I heard the starting pay at Amazon/facebook/google/youtube type of firms for developers was 100k with 40-50k bonus. (with 45-50 hour working weeks)</li>
<li>You can leverage the CS degree to get into a quant-driven finance, such as algo trading or high frequency/quant trading, at top hedge funds or prop trading firms. (Citadel, Getco, Jane Street, etc) I have a friend who majored in CS at University of Illinois, killed it, and got a job at one of the top hedge funds in NYC as an algo trader. His starting comp was around 250k + year end bonus, although I don’t know how much that bonus would be. Heard from my friend that the future of trading is CS, since many trading firms are looking to move towards algo trading, which means that those with strong CS backgrounds will be in great demand.</li>
<li>Even if you miss out on those two options as a CS major, you still have a massive amount of employers willing to hire you as long as you went to a decent school and are competent enough. With a CS degree, you can go IT consulting, programming for F500 companies, becoming programming architects at mid sized companies, etc.</li>
</ul>
<p>2) Petroleum Engineering:
-Great demand for those with this major. One of the highest average starting salaries even among engineering majors. You can work as an engineer for an oil company. I have a friend from University of Illinois who got a job as a petroleum engineer at an oil & gas company. I don’t know exactly how much she makes, but judging from the fact that she bought a 3 bedroom luxury condo in Houston and a BMW M3 just after two years of savings from her work, I’d say she’s pretty balling.
-With this major, you can leverage the strong quant background to head to a quant-heavy finance role, which will net you top dollars, as well. </p>
<p>3) Electrical Engineering & Chemical Engineering:
-Again, very high market demand for those with these skills/ backgrounds. You can work in industry as an engineer in these fields, or you can work in a number of other corporate fields with this strong of a quant background, including quant-heavy finance.</p>
<p>4) Other engineering degrees, Math, and Statistics
- With a degree in one of these majors with strong GPA to boot, you will be heavily recruited from finance firms, F500 firms, research firms, consulting firms, etc. </p>
<p>5) Accounting & Finance
- Not as high-paying as other majors mentioned above, but a BA in Accountancy is almost a guarantee to a 60k/yr white collar, professional job at an accounting firm, given that your GPA is decent.
- Very high demand for accounting majors
- With accounting & finance combo, decent GPA, and decent internships under belt, you would be also eligible for corporate finance positions at F500, etc
- Accounting & finance are both considerably easier than those other majors mentioned above, so this is a huge plus.</p>
<p>Other Careers:</p>
<p>1) Investment Banking:
- Choice of your major doesn’t matter
- These firms only recruit at top schools (Ivies, Duke, Stanford, MIT, Michigan, Berkeley, etc)
- High GPA, finance/relevant internships, and strong interviewing skills are crucial to break in
- However, not too many slots open for I-banking, as this industry has been shrinking and is still in turmoil
- Another downside: very competitive to break into this industry, since they accept applications from all sorts of majors at Ivies and thus, hundreds, if not thousands, of students apply for each analyst position, meaning unless you are a stand-out student (absolute top GPA and strong finance internships), you aren’t likely to touch this job even if you come from Harvard
-Another downside: brutal working hours (80-90 hours a week) and thus, very high turnover</p>
<p>2) Management Consulting
- Again, your major doesn’t matter, since these firms hire diverse majors
- High GPA and attending a top college is crucial, but you also need to ace those “case interviews” to get an offer, which are pretty hard (lots of brain teaser questions)
- The downside is that each top consulting firm (Mck, BCG, or Bain) maybe hires 5-7 new analysts out of each top college, so they don’t hire that many, and hence, it is very tough/competitive to break into this industry
-Downside: 70-80% travel</p>
<p>3) BigLaw
- 160k + bonus comp starting out of law school
- To get a Biglaw gig, you pretty much need to attend a top 14 law school, or rank top 10% of your class at top 25 law school
- Downside is that it requires 3 years of law school after college, which is a lot of opportunity costs, as well as financial costs (law school tuition & living expenses = 70k a year)
- Another downside is that much like Inv. banking, getting BigLaw is pretty damn hard for most law students and slots for these positions are severely limited</p>
<ul>
<li>Regarding law = if you were an engineering major in college and do a top law school on top of that, you are golden. Not only do law firms love to hire people with those backgrounds (you will have significant advantage in getting law firm offers relative to other law students) but some of the most lucrative areas of law are IP/ Patent prosecution, which require lawyers to have B.S. in engineering or computer science.</li>
</ul>