What to expect once I graduate ?

Question

Hi,
I am currently an undergrad student going into 3rd year....I just got this part-time Job in RBC Dominion securities as Computer Operator...working for Investment advisor ..updating clients info..using CRM software.

I will try to continue this job with my school atleast for an year if I can manage it (since its only 3-4 hrs/day.)

I still have two more years in University (doing double major in Math and Econ).

I know the question is very vague but what can i expect to earn with double major in Math/Econ and little bit of expereince with RBC Dominion Securities ?

Thanks

Answer 1

You are off to the right start by holding a part time job to get some experience. The decision you will have to make to really answer this question is what kind of job are you going to be looking for.

A math and economics degree is a good basis to go into actuarial science, investment analysis, financial sales or a related field.

Actuaries make the most money of that group. You could reasonably expect to make around $46,000 coming out of school and I have heard of others making closer to sixty. Without a degree in actuarial science you will be on the lower end of the payscale but employers take into account your entire academic record such as if your GPA is above a 3.0 and how active you were at your school.

Investment analyst positions are competitive, and you can expect to run into companies that are leaning towards those with an MBA. However, insurance companies, investment banks, and other financial institutions do hire a lot of undergraduates and offer competitive pay. At the low end of the payscale is the high 30s, but that can run up as well. It would be reasonable to expect an investment analyst position to start at about $44,000.

Financial sales often target economics degrees and then try to sell you on the idea that you could have unlimited income potential. Unfortunately, it is an almost impossible task for someone in their early 20s to do. Very few succeed at a young age although the job does often pay very well for more experienced and older professionals. My advice is to stay away from these sales positions until you are in your thirties. The exception is of course you happen to have some wealthy friends and relatives that are willing to trust someone without experience to investing.

All salary information is going to depend on what job you are seeking, and where you are seeking it. London, New York, Los Angeles pay more than other cities. Their are also tax issues to consider as each country, state and county have different rates.

The best advice I could give you is to not worry about starting pay, because most companies will be competitive in the thirties and forties for most positions. The trick is to realize that when you graduate you are selling yourself as a person that people will want to work with, as somebody who is capable of learning from others, from experience, and can succeed at the company they are interviewing at.

A double major is a great start, and a little experience never hurts you although it probably won't affect your starting pay. Good luck and god bless.

Answer 2

As an econ major you will be able to manage your debt with a little bit of fiscal responsibility. You will see bankruptcy months in advance and homelessness around the corner. This is nice because the math degree will help you determine how many years you have to live in poverty before succumbing to despair and killing yourself.

Answer 3

I agree with #1. A lot of girlsfriends who used to hang with this band in our studio graduated an elite private college with degrees in language and statistics and they went to work for the government overseas.

You can work for Banks and Brokers.

Answer 4

I bet the CIA or FBI would be interested in somebody with your education & experience.

Answer 5

Search for an opening that suits you!

Answer 6

You will know after you enter the practical life.

Answer 7

Better yet, NSA

Answer 8

what grade are you in?idk