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great thread.. a lot of knowledge in here
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In terms of getting a first job/internship in either finance or accounting at a big company, I'd say GPA is weighed in pretty heavily.Originally Posted by shatterkneesinc
i am an accounting major and i have lost interest for it
and i also have a question for the ones with experience. how important is the gpa in the finance/accounting sector. My gpa is borderline terrible and I have little work experience in the sector. I fear i might never get a job
Originally Posted by BdeaZy
Originally Posted by NiceSteez
I have a Bachelor's in Accounting. It's a safe degree-there always seems to be a demand for Accountants. Your best bet in regards to salary is to become a CPA. It doesn't require a Masters in Accounting but you do have to do additional credits after your Bachelor's so a lot of people just go for the Masters.
I also highly recommend a Bachelor's in Accounting vs. one in Finance. The reason being if you have a Bachelor's in Accounting, you can Master in Accounting or Finance. If you have the Finance degree you are not able to Master in Accounting. I have a friend with a Bachelor's in Finance who is unable to find a job related to Finance or Accounting. She is working a job that basically anyone out of high school can get. She now has gone back to school to take some Accounting courses. Obviously that isn't the case for everyone, but it seems easier to find jobs when your B.S. is in Accounting.
What about UCSB's Economics/Accounting major?
Fadeaway88 wrote:
Is it out of the ordinary to take a bachelors in finance and go back to school for a masters in accounting?
I'm pretty sure you can not do this. When I was in school they made it clear to us that in order to Master in Accounting your Bachelor's must be in Accounting. But if you get a B.S. in Accounting you are free to Master in either Accounting, Finance and I think even Business.
Big-4 internships usually have a GPA cutoff around 3.5 or 3.6. That cutoff applies to your accounting classes though which may be better or worse than your overall.Originally Posted by shatterkneesinc
i am an accounting major and i have lost interest for it
and i also have a question for the ones with experience. how important is the gpa in the finance/accounting sector. My gpa is borderline terrible and I have little work experience in the sector. I fear i might never get a job
Originally Posted by North Dade Represent
Originally Posted by kilojules64
My cousin has a BACHELOR'S degree in finance from NYU Stern and is clearing 250 a year. I was in shock when he started bringing in that kind of money at 23 years old without even having an MBA
He must be an I-Banker or something closely related. No other field could bring that much dough in at his age. For every guy like him, there's 50 people working a Fortune 500 companies as analysts making 50K. But congrats to him.
On a tangent, why do you even know how much he makes? The only people who know how much I make are the people who pay my salary.
I interned for one. I however would like to manage a single fund rather than having to deal with multiple clients who may all have different needs.Originally Posted by Bruce Waynee
Has anyone here been/known a financial advisor? I got an offer to do this and was wondering how they enjoyed it because it seems very stressful, yet at the same time rewarding due to their being no ceiling on income eventually. Of course I would have to get my license for the Series 7/66 and undergo training. I am not an accounting or finance major by the way.