What business study will get me the farthest?

College Majors Business Majors
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<p>I am going to a decent 4-year college next year and I am not sure on what to major in. As for majors - I am looking at Accounting and Finance. Then for a minor, I was looking at Accounting, Economics, and Finance. Which major/minor combo would get me the farthest? I would like to have a Wall Street-type job someday or work for the Federal Reserve Bank or something. What major/minor would you suggest out of those given subjects?</p>

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<p>finance-econ double major and then work in COMMERCIAL banking if your ultimate goal is the Fed.</p>

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<p>but it is not a very prestigious school… wont it be hard to get a high paying job like an ibanker?</p>

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<p>What is the school?</p>

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<p>temple university</p>

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<p>If you want to work for the Fed, you also want a PhD in econ or finance (preferrably econ). And yes, there are some people that get on the Federal Reserve Board that were former ibankers but most of the time they worked on the commercial banking side of things (i.e. loan officer, credit analyst, whatever)</p>

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<p>so what should i study?</p>

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<p>A lot of them were econ professors too.</p>

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<p>Ok this is terrible advice. Most of the economists at the Fed did not work as loan officers. Most of them are either from academia or were economists in the private sector. Check out the biographies of the various economists over at the Fed. For example here is the NY Fed economists: <a href=“FEDERAL RESERVE BANK of NEW YORK”>http://www.newyorkfed.org/research/economists/kambhu/index.html&lt;/a&gt;&lt;/p&gt;

<p>Looking at the Fed Reserve board to figure out the best career path in the Fed isn’t smart either. The board is selected by the president of the U.S. It has less to do with being in a certain sector than about being known by the president. Last year some 30-something VP from an ibank was put on the board by President Bush. I think there were better alternates out there but guess what his father-in-law had donated some 165K to republican campaigns. </p>

<p>Typically to get far in the Fed (on the economics research side which really is where the cream of the crop go) you need a strong academic background. A PhD in Economics is very important for that role. So I would recommend that you complete the necessary undergrad coursework for grad school.</p>