I’m new here. My son is interested in Finance. My question is about studying Economics at one of the NESCAC schools, since you can’t study Finance.
I’ve read that the NESCACs are semi-targets for some of the big Wall Street banks and I realize they will all be reaches.
I’ve done a lot of reading on here and I know that discussions can get off topic, so I want to be clear about what I’m asking. Here’s what it is:
If a kid studies Economics at a NESCAC school and doesn’t get a job at a financial firm, what are their job prospects at companies outside of the banking world? I know that financial firms value Economics degrees from those schools, but I don’t know how other companies value them.
I realize the schools have different reputations, but let’s take an extreme example. Let’s say you have a kid coming out of Amherst or Williams with a 3.3. I don’t think my son will get into either of those schools, but I’m using them as extreme examples. If a kid from Amherst with a 3.3 in Economics is applying to a company outside the banking world, how will they do?
Let’s agree that the kid coming out of Amherst will be very impressive on paper and in person, but if this kid is applying for a Finance job at Verizon Wireless or IBM, will her/his resume make its way to the top of the pile like it would at a financial firm?
Is it possible that the person doing the first run through the resumes has never heard of Amherst or Williams, never mind Colby or Hamilton? Would a kid with a Finance degree from Fordham/Villanova//Bentley/Babson/Tulane(pick your non-NESCAC Business school ) have a leg up on an Economics kid from Amherst or Williams, at least in the initial screening of the resumes?
I guess what I’m asking is whether it’s risky to study Economics at a NESCAC. Of course, the kids coming out of those schools will be well prepared for anything, but the kids coming out with Finance degrees from business schools will have a lot more practical knowledge.
For a kid who doesn’t have Wall Street connections, is the safer path a Finance degree at a well respected Business school or an Economics degree at a NESCAC?