If i major in quantitative Economics (minor in accounting/management) at UCI, could I go on to get a Master's or MBA concentration in Finance? Is it possible? Where would be the best school choices for Finance after I get my BA? (i live in santa ana, if that helps). What are my career options if I go that route?
2007-04-05 08:56:38 · 2 answers · asked by Anonymous in Education & Reference ➔ Higher Education (University +)
First of all, if you are planning on getting your MBA, don't waste your time taking undergraduate management courses; once you are taking your MBA, you will realize what a waste of time they were.
Most, if not all, Economics degrees are quantitative Economics degrees, very few are just "theory". If your degree does not require it, make sure you take Linear Algebra, Calculus III (Multivariate Calculus), and Partial Differential Equations. If you plan to pursue a finance specialty during your MBA classes, these courses are key.
Minors in Mathematics and Statistics are prefered and strongly recommended by business schools. They will help clear any road-blocks of mathophobia you may encounter in business school. For Statistics, take a course in Discrete Probability, Probability Theory, Sampling Methods, and the Stochastic Process.
The reason for not going crazy with undergraduate accounting and management is mostly because; MBA management courses will really teach you what management is all about; only the first two semesters of Accounting are useful for an MBA program, and two courses are not enough for a minor, and it's not beneficial for you to take anything beyond the first two courses in Accounting for your MBA.
Economics majors are amung the 5 most desired majors for MBA programs. (Math, Statistics, Computer Science, Business & Finance, Economics). Try to keep that in mind. Secondly, Finance is the union of Math, Statistics, and Economics, with a little bit of Accounting. A degree in Economics and minors in Math and Statistics will help you a great deal! You can more than go on and hunt after a concentration in finance in your MBA program. It's more than possible, it's very realistic and attainable!
The best choices you have are Stanford University, Berkley University, or NYU Stern School of Business. I know what you're thinking, "New York? I live in Santa Anna!!!" Well, not only is it in New York, but the Stern School of business offers one of the best chances for you to learn in NYU, the London School of Economics, and in Paris, for two years; one third in each place! You will meet CEOs and CFOs of some of the largest global corporations and forge outstanding connections and networking opportunities.
Beyond that, these schools offer outstanding complements to your concentrations in quantitative finance. Namely, Risk Manamement, Investment Banking, Marketing, and Portfolio Management.
You career options are endless. An MBA degree is already the most flexible degree one could get. Your specialization would make you especially valuable to financial giants like investment banking companies, banks, financial regulating bodies, large corporations, and individual investors!
You will have to get your Series 7 license, and if you want to start your own company, your Series 9 & 10. You will be able to analyze investments scientifically with the tools of Mathematics, Statistics, and Economics to make rational desicions. You can even be lucky enough to work from home! You can call up the company, or your own clients and trade securities from them, without ever stepping out of the house! I'm going to stop now, before I change careers myself.. lol
hope that helps. best of luck with your studies.
2007-04-05 09:44:10 · answer #1 · answered by Felix 3 · 0⤊ 0⤋
Of course you can get an MBA in finance after having an undergraduate degree in economics.
The top schools want you to have three to five years of work experience before going on for an MBA. US News and BusinessWeek both put out MBA rankings. You can view them on their web sites. The best MBA programs are also the best for finance.
My personal list for best schools to get an MBA for finance are:
1. University of Chicago
2. MIT
3. Wharton (Pennsylvania)
4. Stanford
5. Duke University
6. Berkeley
7. NYU
8. Columbia
9. Tuck
10. Kellogg (Northwestern)
Note that I left Harvard off the list. Great place for management or strategy -- odd place for finance.
2007-04-05 09:58:43 · answer #2 · answered by Ranto 7 · 0⤊ 0⤋