do you HAVE to major in econ/business/math/science..?

<p>Hey guys, im going to be a junior at UC Berkeley next fall. My major is Media Studies (concentration in Marketing), and up until now, I was pretty set on going to law school. Recently, however, I discovered my (ill-advised?) passion for i-banking. I predict my gpa by graduation to be around/above a 3.7. Will my degree in a rather unrelated field diminish my chances of becoming an investment banker? </p>

<p>Im not really aiming for bb firms because i realize that my chances of getting employed by them are slim-to-none. The firms i am looking at are Nomura International and Macquarie Group. Does anyone know how these two firms compare to bb firms (salary-wise and workload-wise)? And are there any other firms at the same tier as these Nomura and Macquarie that I should look into? </p>

<p>Thank you guys in advance! :)</p>

<p>" Recently, however, I discovered my (ill-advised?) passion for i-banking."</p>

<p>LOL. How does one discover a passion for i-banking, besides wanting to be rich? </p>

<p>With regards to your question, I'm not sure. I think you will be at a disadvantage, but anything is possible.</p>

<p>lol @ passion for ibanking. you dont have to major in anything but you should communicate your interest in finance through other things on your resume. both these banks are good and salaries and work load should be quite similar to BB but you wont end up at KKR or something.</p>

<p>I know Macquarie Group paid their analysts a 5k bonus for the year, making it the lowest paying i-bank known to man.</p>

<p>hmmmm do you know anything about edward jones? I got a few connections there but not sure if it's worth it. thnx :)</p>

<p>wait, I'm a stat / Philosophy double major at berkeley. Is it possible to get an internship at top places like KKR even if you're not a B-major?</p>

<p>I don't think KKR even recruits at the undergrad level, and if they did I doubt they would recruit at Berkeley (it would probably be restricted to Wharton, Harvard, Stanford).</p>

<p>Also, Edward Jones probably has a MM shop (so it won't command the same brand name). If this was for an internship, I would go</p>

<ol>
<li>Nomura</li>
<li>Macquarie</li>
<li>Edward Jones</li>
</ol>

<p>If for FT, maybe switch 2 & 3, but I don't know enough about Edward Jones.</p>

<p>Response to op--supposedly not necessary but probably a good idea. </p>

<p>D is starting at a BB next month. She had to take a test to determine whether she had to go to "boot camp" or not. She said the test had questions involving finance, accounting, calculus, statistics. If you "fail" the test, you have to go to "boot camp" to get up to speed on this stuff. Boot camp isn't that long, so that is a lot to learn in a short time.</p>

<p>I imagine the firms that are not BB's still expect similar knowledge coming in or to be learned.</p>

<p>hmmm does anyone know how difficult the competition for jobs are at non-bb's like nomura?</p>

<p>Boot camp can actually be quite fun, depending on the firm. </p>

<p>Nomura is highly regarding and I know quite a few well qualified students who ended up there with no disappointments. </p>

<p>As for the major, no, you will not be at a huge disadvantage. As long as you know what you are doing, you'll be fine. Just be sure to take some of the basics (Intro to Financial Accounting, Intro To Finance, Macro/Micro, etc) even if you aren't going to be a business/econ/math/whatever major. However, normally these majors are more intellectually grounded and thus produce more intelligent students (ie. the student above with the double major in Philosophy and Statistics). I must saw that most firms won't be too impressed with Media Studies since it sounds like a specialized Communications degree, so that specific major (more than the fact that it's not business) will hurt you. </p>

<p>By the way, if you were planning on going to law school, that major would've hurt you even more. </p>

<p>Also, unless you took Intro to Microsoft Office and realized how much you loved using Excel without taking your hands off the keyboard, you haven't discovered a passion for IB.</p>

<p>hmmm just curious but why do you say that majoring in media studies will hurt me if i was planning on going to law school?</p>

<p>^Media Studies will not hurt you in law school. The only things that really matters for law school admissions is your LSAT score and GPA.</p>

<p>Working for a BB or similar is another matter.</p>

<p>
[quote]
^Media Studies will not hurt you in law school.

[/quote]
</p>

<p>I will respectfully disagree. </p>

<p>From Richard Montauk's book, "How to Get Into a Top Law School", Chapter 8: </p>

<p>
[quote]

Your specific major matters less than the type of major you choose. What matters is that you choose a serious major. Schools are leery of pre-professional subjects such as business, and those that reward performance talents such as acting. There are some majors that admissions counselors cringe at seeing; communications, criminology and pre-law (even though theoretically pre-law is not a major)</p>

<p>Any subject that requires serious analytical work and dedication attract at least a reasonable % of the best and brightest will meet with approval.</p>

<p>The ideal undergraduate record would thus include all of the following:</p>

<p>Top quality school</p>

<p>Demanding course load (no path of least resistance) advanced work in a second unrelated (to your major) filed is particularly helpful</p>

<p>Top grades throughout (with few courses taken pass/fail) but especially in junior & senior years</p>

<p>Courses requiring substantial reading, strong writing ability good research skills and analytical prowess</p>

<p>Courses developing useful substantial knowledge for your future legal field.</p>

<p>When posed with the question: What factors do you consider when evaluating an undergraduate record admissions officers at various law schools state :</p>

<p>What ever the major, there should be variety including some clearly demanding analytical courses. There is not set preparation for law school, but some majors may be of less value than others (for ex. Pre-law) I examine the undergraduate transcript very closely. I look at what the applicant has done both in and outside of their major- Faye Deal, Stanford</p>

<p>What we are looking for is both breadth and depth. We favor applicants who come to us from broad liberal arts education. They learn about human vision from the arts, how the world works from math and the sciences and the human condition from philosophy and history. We don’t want academic dilettantes however; we want applicants to have taken the most analytically rigorous courses in their field- Jim Mulligan, Columbia</p>

<p>Not all UGPAs are created =. Swat and William and Mary, for instance have refrained from inflating grades; their averages are between 2.8 & 2.9. At the other end of the spectrum, Stanford and Yeshiva have mean GPAs over 3.4- Mulligan, Columbia</p>

<p>The GPA number is just a starting point. Our first concern is how rigorous the course load has been. We look at academic letters of recommendation, which are particularly helpful if they address the difficulty of the course load ex: the grading policies of professors from whom the applicant took multiple courses. Other factors we c examine is whether there were substantial barriers to performance such as the need to work many hours per week- USC</p>

<p>I know what the strongest and weakest programs are at some 50 to 60 schools. At some smaller commonly seen schools (and programs) it can be helpful for the student to provide detailed information. –GWU</p>

<p>We see a # of pre-med students who did poorly as pre-meds but then did well in their next field. The key for them is to make sure they get out of pre-med early so they can fully demonstrate their talents.- UCLA

[/quote]
</p>

<p>As I said early, there is little difference in my mind between Media Studies and Communications. The OP also included a Marketing concentration, which in my mind would fall under Business. Both Business and Marketing have been stated as majors that would be looked down upon. </p>

<p>Let's look at the list of attributes college admissions officers look for in a major:
1) Demanding analytical courses: no.
2) Breadth and depth of a liberal arts education: no.
3) Courses requiring strong reading, writing, and research: no. </p>

<p>First of all, all of these are relative to other majors. You can argue that you maybe did take analytical courses or that you did do a lot of reading, but as someone whose taken Econ, History, Philosophy, and Poli Sci classes as an undergrad and had friends in various top Communications and Business schools (including Penn, Cornell, NYU, USC, and Cal), I can say the two don't compare at all. </p>

<p>Next, I'm not saying you can't take stimulating classes on the side. As said from the quote, admissions officers will often look to see what other advanced classes you take. However, they will know that as far as your core major went (where a majority of students take a large portion of their classes, particularly upper level ones), you were challenged and did far less academically stimulating work than someone in a more favored major (such as Philosophy, Math, Economics, History, etc).</p>

<p>Just wondering, wouldn't finance be a business major as well? (regards to employment at BB firms)</p>

<p>What about other forms of major? Like architecture or interior design?</p>

<p>^ Yes, finance would be considered a business major in most cases, but be careful not to confuse a Finance major with a Finance concentration in Economics (such as the very prestigious AB offered at Princeton) or a degree in Financial Engineering (Operations Research). </p>

<p>Architecture and interior design would be similarly looked down upon.</p>

<p>kaiden, i just asked a whole bunch of current law school students (t-14 schools) and they said major doesnt matter... even if its media studies/communications...</p>

<p>As I have stated earlier: As long as you are taking one of the many academically rigiorous majors which will challenge you in multiple ways, you will see no variance in law school admissions. A plant science major is the same as a history major who is the same as a French major who is the same as a African Studies major. </p>

<p>However, they were wrong to state that communications and media studies were included in the group that I have previously described. Look at my previous post for support of this statement.</p>

<p>Architecture is an extremely difficult major that requires usually 5 years just to get a basic degree. Saying that an architecture major isn't challenging when they have to construct portfolios and other pieces of work, and saying that a history major IS challenged (especially when history is considered a top choice of many athletes), is completely inaccurate. While I agree that business, communications, pre-law are all majors not looked favorably upon - don't extend such a jurisdiction to all majors. You mentioned Financial Engineering/Operations research is seen favorably - as are most engineering majors due to difficulty - and architecture isn't far from that.</p>

<p>^ I never said that architecture wasn't challenging. </p>

<p>I said that for the purpose of law school the major of architecture is looked down upon because success in it is largely predicated on a technical skill (as you have so artfully pointed out, the ability to construct physical pieces of work), which is in the case of a law school student completely useless. </p>

<p>However, skills focused on by a history major-- critical analysis, reading, writing, more reading, more writing-- are much more imperative to what students will need to succeed in law school.</p>