<p>I am interested in a career in business and i would like to know how much people typically make. I would also want to know what you to do to get there.</p>
<p>The three things i am thinking about majoring in(maybe i will do something crazy like a triple major) are accounting, finance, and economics</p>
<p>after 5 years and 10 years how much do people typically make.(i knew there are different carreer options in each field, split them up)
to advance in a certain field what do you have to do.</p>
<p>specific things i want to know.<br>
besides IB, what other careers in finance are similar to that
how hard is it to make partner in one of the big 4 accounting firms
economics, what do u do and how much do you make</p>
<p>what kind of schooling, licensing, etc do u need</p>
<p>I’ll take a quick second to answer your question regarding what you do with Econ. With econ, you have several options. Most people study econ as a gateway toward a career in business, and particularly finance careers, because the two are interrelated, what you learn in econ can and often will be applied on the job in business (especially finance, marketing etc), and because a lot of employers in the big name industries like IB frequently hire econ majors. </p>
<p>However, if you wish to study economics in order to actually practice economics professionally with a career in the field, you’ll need more than a bachelor’s degree. If you want to make any money at all, in an expensive state like California for instance, you will need at least a master’s degree in econ to teach as an instructor at a community college, where you’ll start off making around 50-60k, and eventually work your way up to about 80K at the most, which is technically not bad for only working 9 months a year. </p>
<p>If you wanted to be a professor at the university level, or be an actual economist, either working for a government agency, or for the private sector (all I-banks and other major financial corporations need economists for forecasting and interpreting economic data) you would need a Phd. At that level, you’re looking at anywhere from $80k-120k on average.</p>
<p>Finance, accounting and economics makes no sense as a triple major. Even if the school you go to is tremendously generous and allows a credit overlap up to 1/2 of all courses (not going to happen), you’d still have to scrape the bottom of the barrel in terms of electives to meet all the prerequisites needed. This is especially true of finance and economics, which at many schools have almost completely identical core requirements. With regards to those two, just major in whichever is the better program at your school.</p>
<p>Accounting is always useful, but try and take some electives before you declare yourself, as you may very well find a minor (or just electives) are enough. If there’s a case where you’re majoring in finance and you want to add on accounting and your school is flexible and willing to let a lot of the credits from the finance major apply then it’s worth it, but if you have to take a ton of extra courses that are similar to what you’re already doing in finance there’s no point.</p>
<p>In response to your questions,
(1) You have to be more specific, because careers in finance that are similar to IB can be anything from stockbroker to IT to prop trading. Most people don’t know what investment banking actually is, and I imagine that you’re one of those people.
(2) It’s less difficult than it is long. It’s important that you get a CPA as soon as possible (I think the CPA is the single most versatile professional cert in finance, but everyone has an opinion), but be aware that many firms run people into the ground for low pay early on and have horrible retention rates as a result of that.
(3) Economics isn’t vocational. You’re not going to ITT Tech. A BA in economics can do everything a BA in political science or history can, unless it’s a highly quantitative program. Economics doesn’t decide what you want to do, you decide what you want to do with an economics degree.</p>