What to do with finance degree?

Question

I've been debating on what career to lean towards. I still have plenty of more years to think but it's never to early. Well currently I go to Penn State University and majoring in finance. My dad seems to think the top choice would be the analyst side while i've been looking more into the adviser/planner side or maybe even accountant. My dad strongly feels that analyst make much more money and live a better life because its not as stressful as the planner b/c its not as heavily based on sales and dealing with the public. Also i've also be thinking about what would be best afterwards...masters in finance, mba, cfa, etc...any opinions? Thanks

Answer 1

I do not have any specific advice about what -- if any -- masters degree you should pursue. I'd think it would depend significantly on which career direction you decide on, or are leaning toward at the time. As the time approaches, if you're still uncertain, I'd suggest you speak with people who work in the various fields and get their specific perspective as well.

In the meantime, concentrate on your studies and keep your mind open about what you'll do afterward. I think your father is right about the money, and the dealing with the "public" and the sales aspect of the advisor/planner route...but I think both paths will be stressful in their own way. In the end, though, it's your life and your career. While ideally we'd all make boatloads of money, you have decades of work ahead of you and it's very important that you enjoy what you do, find it fulfilling and interesting, etc.

I have one child in college, another will go year after next. As much as I'd like to steer them a certain way, it will be their call. No doubt I'll lob in my two cents, but they have to live with their own decisions.

Answer 2

Penn State has a very good buisness school. I would talk to your advisor about what you could do. Your dad is right that many jobs in finance are very stressful and he right to steer you towards something less stressful. Though in the end, You are the person who will decides or knows what makes you happy. The process of getting an undergrad degree is to help you learn the esstentials then to learn what you could do with your skills by being around many different choices career paths. It wouldn't hurt to decide if you want a to spend a lot time working, or you want to have some downtime AND a career. I would then look into postions that would suit the lifestyle that suits you and your aspirations and circumstances. Furthering your education is never a bad option, I would just think about what you really want. Good Luck.