The Value of a Finance Degree in Today's Job Market

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  • Опубліковано 1 чер 2024
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    In this podcast, I sit down with Dr. Brian Adams a Ph.D., a Professor of Finance at the University of Portland. We discuss a variation of topics focusing on finance and the finance degree, as well as the application of the finance degree to one's career, and other areas of life.
    A finance degree prepares future professionals to guide individuals, corporations, government agencies, and other firms or organizations through financial struggles and uncertainty but also with short-term and long-term planning responsibilities.
    Finance majors complete a balance of theoretical and practical courses in a myriad of areas including business development,
    economics, organizational management, marketing, risk management, accounting, investments, supply chain, statistics, and IT.
    The value of an MBA can vary depending on the individual and their career goals. For some people, an MBA can provide valuable skills and knowledge that can help them advance in their career and possibly increase their earning potential. For others, an MBA may not be as useful or necessary. It is important to carefully consider the costs and potential benefits of an MBA before making a decision to pursue one. Everyone's situation is different so there is no universal answer
    It is ultimately up to each college to decide whether or not to remove testing requirements for admission. There are arguments for and against removing testing requirements, and the decision will depend on the specific circumstances and goals of the college.
    There are many opportunities for women in finance. In recent years, there has been an increasing focus on diversity and inclusion in the finance industry, and many organizations are making efforts to hire and promote more women in finance. There has also been a push at the university level to increase diversity amongst majors where there is a lack of gender neutrality. Finance is one of those majors that has long been a male-dominated space. I as Brian what he thinks about this and how the university and industry as a whole is working and adapting to resolve this.
    Self-censorship in the classroom refers to the practice of students suppressing their own thoughts, opinions, or expressions in order to avoid offending or upsetting their classmates or teacher. This can happen for a variety of reasons, such as a fear of social rejection or a desire to conform to group norms. Self-censorship can be detrimental to the learning process because it hinders open and honest discussions, and it can prevent students from fully engaging with the material. Teachers and educators can help to prevent self-censorship in the classroom by creating a safe and inclusive environment where students feel comfortable expressing their ideas.
    Higher education has changed significantly in recent years due to a variety of factors, including advances in technology, changes in the job market, and shifts in the economy. Many of these changes were a result of the recent and ongoing COVID-19 pandemic.
    The podcast concludes with Brian sharing his advice for anyone considering a finance degree. How might one should approach it. What it is useful for. Why some sort of financial education is important for anyone.
    0:00 Intro
    2:05 Why Consider a Finance Degree?
    12:37 Is the MBA Still Worth It? Is the MBA a waste of money?
    22:29 Should colleges remove testing requirements?
    28:33 Females Opportunities in Finance
    35:35 Self-Censorship in the Classroom
    43:33 How Has Higher Ed Changed
    46:46 Advice for Young People

КОМЕНТАРІ • 332

  • @rizzzHERO
    @rizzzHERO 9 місяців тому +399

    I graduated with a Bachelors in Finance this past semester. I am currently interning for a Financial Planning/investment firm. They will be sponsoring me for my further certifications (SIE,Series 7) and once I am fully licensed I will become a junior financial advisor. The people I work with are professional and VERY wealthy. I look forward to the future of my career

    • @tube.brasil
      @tube.brasil 9 місяців тому +24

      I wish you success.

    • @cristianbarrera8849
      @cristianbarrera8849 9 місяців тому +7

      I’m doing the exact same thing! You got LinkedIn? 🤣

    • @vietanh2899
      @vietanh2899 9 місяців тому +4

      May I ask how many hour do you work a week?

    • @The-Capitalist
      @The-Capitalist 9 місяців тому +1

      My plan lol

    • @luckyraine
      @luckyraine 9 місяців тому +2

      My plan too but idk how to start. Currently on my 3rd year. Any advice?

  • @Hugo__IV
    @Hugo__IV 5 місяців тому +108

    “It’s how you go to college, not where you go to college” - by far my line this! So many get it twisted and seek the brand but once they achieve that they don’t maximize the opportunity.

    • @aena5995
      @aena5995 3 місяці тому +2

      i started a business data analytics degree but unfortunatey now idk if i should switch to business with a minor in business data analytics or a bs accouting finance with minor in business data analytics (can get exemptions for acca) can i go for data analytics roles with it ? :/ really didnt wanna switch but ugh

    • @wallstreetzoomer
      @wallstreetzoomer 2 місяці тому +1

      I mean the bulge brackets still reserve majority of the most lucrative roles for the ivy leaguers

    • @noahmatthew6658
      @noahmatthew6658 3 дні тому

      Where you go to college for a bachelor of finance is the most important factor

  • @cardplayer2124
    @cardplayer2124 9 місяців тому +106

    Majored in Finance and Economics. Graduated back in 2020 and went into investment banking and now currently work in private equity. The money is amazing.

    • @rayfym
      @rayfym 9 місяців тому +3

      currently about to go for a finance major starting next week. Little nervous but I hope everything turns out alright

    • @cardplayer2124
      @cardplayer2124 9 місяців тому

      @@rayfym best of luck. My suggestion is pick up a 2nd major. Will help you stand out. Also, don’t underestimate how important accounting is. If you have strong accounting skills you can graduate making 6-figures easily.

    • @justintran3012
      @justintran3012 7 місяців тому +1

      Did you intern during your time in college?

    • @cardplayer2124
      @cardplayer2124 6 місяців тому +15

      @@justintran3012 yes. Junior and senior year. Internships are a must to break into the field.

    • @fastfowardbutton1965
      @fastfowardbutton1965 5 місяців тому +1

      Can I ask you a few questions?

  • @PaolaHuezo
    @PaolaHuezo 9 місяців тому +95

    I got my degree in finance and worked in fintech operations in institutional banking and it was a great experience. The bank paid $5k a year for tuition and I thought about pursuing my MBA, but my boss had asked me why would I want to do that. He told me the president of institutional banking made $12 MM a year and only had a bachelors in finance and all you needed was the right network, your foot in the door, and work hard. I already had the right network, my foot in the door, and I work hard. I realized MBA is really more for the folks who had a hard time with those two steps in the financial world. Maybe one day, I’ll pursue it if the future company I work for pays for all of it, but I refuse to go in any debt for it. Interesting take.

    • @arhamshaikh973
      @arhamshaikh973 9 місяців тому +1

      Did you do any certifications or courses that you think helped you landing an internship or work experience? Which ones

    • @Kstee_
      @Kstee_ 5 місяців тому

      Hi,would like to know What did u mean by right network

    • @denko44
      @denko44 4 місяці тому

      20 30 years ago you can get away with a bachelor's. Nowadays, you need experience and higher ED. In my state Masters sre needed to even be considered unless you have ALOT of experience. So I'd say it's important for new people trying to get into the industry.

    • @xianxiong3440
      @xianxiong3440 4 місяці тому

      @@denko44 Makes me question about how people get experiences without getting into the industry. Do you realize that even entry level of the lowest-tier in finance and accounting is requiring years of working experiences? Makes people wonder if networking is more important than education when comes to getting your foot in the door.

  • @kimmackelvie117
    @kimmackelvie117 Рік тому +126

    Really interesting insights about why a student would or would not pursue a higher ed degree. Bet this guy’s classroom is worth every penny.

  • @i.03983
    @i.03983 9 місяців тому +120

    I am a finance major and if you want to major in finance just know that the field is extremely competitive. from the get go if you want to be successful and this is even a maybe you need a good internship at a well known company and if they offer you a job after your internship take it. to be in finance you need to be well connected and willing to network I advise people who really want to go into finance to study accounting because companies go after people who study accounting and a lot of accounting majors tend to work in finance. also in the finance field its becoming more technological so I would advise people to study tech related fields.

    • @menzisaclown
      @menzisaclown 9 місяців тому

      Thank you. Good show.

    • @adrianong33
      @adrianong33 9 місяців тому +11

      everyone i see taking finance in college only wants to work at investment banking. else they go asset management or quant if they are such a math nerd. no one wants to work in financial advising aka insurance sales. venture capital/private equity is a no go because they only take 1 out of 1000 undergrad and usually hire after someone has 2 years of investment banking under their belt.

    • @h.9089
      @h.9089 9 місяців тому +4

      As a Finance major, I wouldnt recommend majoring in Accounting in order to get a Finance job. Just take internships and minor in tech or get a tech related certificate.

    • @DreGoGetit
      @DreGoGetit 9 місяців тому +1

      Just got my accounting degree May 2nd

    • @humanbeing8948
      @humanbeing8948 9 місяців тому

      Have you ever considered working at a trading firm? That's what i wanna do once I've graduated.

  • @nokwandatwala7600
    @nokwandatwala7600 3 місяці тому +6

    First of all, I thoroughly enjoyed this conversation! I graduated in BSc Human Physiology in 2017 and in 2019 found myself navigating and exploring parts of the financial sector (haha universe). Through gaining knowledge and experience in the process, after 5 years I feel I am ready to lay the proper foundation towards furthering my career in this field by getting a finance degree and fully immersing myself to the endless possibilities highlighted in the discussion.
    I have been researching jobs within the space and doors that a higher education can open, but I must say after this video I feel even more confident about the decision I'm about to make and I am looking forward to setting myself up for this next chapter of my career growth journey. Thank you gentlemen!

  • @andresjavier3970
    @andresjavier3970 Рік тому +51

    What a wholesome personality for a Finance professor lol. Great video and very insightful! Also love the Lex Fridman type of vibe to this podcast (great choice of inspiration)

    • @michaelmackelvie
      @michaelmackelvie  Рік тому +5

      Love his style...someone finally noticed! Appreciate it

  • @dollarbar1
    @dollarbar1 4 місяці тому +2

    I like what he said about being able to communicate. As a person with a weakness on communication, I was not a good fit for finance.

  • @jamaalsabree
    @jamaalsabree 7 днів тому

    This was extremely helpful. This video is one of a kind on this topic. I appreciate you posting this.

  • @martymaranan7191
    @martymaranan7191 Рік тому +6

    Finance play important role in every people’s lives!

  • @SlopJedi
    @SlopJedi 9 місяців тому +29

    Accounting is better for finding jobs and you can easily pivot into a finance job later. Working for a cpa tax firm can give you an excellent background for financial advising.

    • @newagain9964
      @newagain9964 9 місяців тому

      Yeah. Finance degrees are not advised. Finance minor is better. And major in IT or accounting. Will need a masters tho to be a CPA.

    • @SlopJedi
      @SlopJedi 9 місяців тому

      @@newagain9964 You don’t necessarily need a masters. You need 150 college credits including accounting and business courses.

    • @ThePipojp
      @ThePipojp 5 місяців тому

      Nah, finance is way better for careers that are more competitive and pay more such as IB, Research, trading, etc. Accounting prepares you for the backoffice.

    • @xianxiong3440
      @xianxiong3440 4 місяці тому +2

      @@ThePipojp Without getting your foot in the door first, there is no career.

    • @RadiantandDire
      @RadiantandDire 3 місяці тому +1

      ​@newagain9964 you dont need a masters

  • @pondzischeme6430
    @pondzischeme6430 Місяць тому +3

    Best selling point was the first. Though barriers to knowledge are disappearing everyday, a finance degree does highlight someone's ability to analyze qualitatively and quantitatively.
    I majored in Finance, graduated a decade ago. Working in Construction Management. Random ride. But I do well, and my finance background fast tracked me into other construction avenues; like contract negotiations and proposals.
    At first, working around a lot of Engineers made me second my degree choice lol. But there's always an opportunities, in any industry or field, for someone with financial literacy. Keep your options open, and do not be afraid of work somewhere that may not think apply directly to finance.
    If you have great reading comprehension skills, and can communicate effectively, you're going to find your way with a finance degree.

  • @UptownSigma
    @UptownSigma 11 місяців тому +25

    Great video definitely reaffirms my stance on pursuing accounting then finance. Thanks a bunch!

  • @ErickaWilliamsCC
    @ErickaWilliamsCC 9 місяців тому +2

    Great video. Glad you interviewed him. I enjoyed it

  • @ianjackson88
    @ianjackson88 4 місяці тому +1

    Excellent interview, very interesting points regarding MBA online vs classroom lectures of which I’d agree 100%

  • @princegumbo2382
    @princegumbo2382 9 місяців тому +9

    It's quite interesting how this conversation clearly outlines the key points which make Finance a human science

  • @LuckyyLuci
    @LuckyyLuci 20 днів тому

    So insightful, i'm planning on majoring on finance this is making me quite excited

  • @tyrellredoble7530
    @tyrellredoble7530 9 днів тому

    Gonna studty finance this sep and this video is perfect timing to watch!

  • @KamikOzzy_
    @KamikOzzy_ 11 місяців тому +8

    Getting my masters in finance this year! Glad I ran into this video, subbed.

    • @michaelmackelvie
      @michaelmackelvie  11 місяців тому +2

      Love to hear that - thank you!

    • @xcYT-tl5xp
      @xcYT-tl5xp 5 місяців тому

      do you mind if i ask how its been so far, is it much harder than expected? are you working in the field while taking masters

  • @takshgoel4767
    @takshgoel4767 Рік тому +15

    As someone who is going to purse finance in college starting August 23, it was very helpful. Thanks and best of luck!

    • @harpGC
      @harpGC Рік тому

      You meant pursue finance. I caught your typo error.

    • @UptownSigma
      @UptownSigma 11 місяців тому

      @@harpGClol

    • @user-ke6rr8mq5l
      @user-ke6rr8mq5l 5 місяців тому

      What's it like?

  • @ProfeCristian
    @ProfeCristian 9 місяців тому

    This interview is amazing. Only one recommendation: you spend so much time in sharing one idea or question, a lot of words are needed to talk about one precise comment

  • @qasemalshawaf8585
    @qasemalshawaf8585 9 місяців тому +1

    My first year in college and am going to study finance 🤍, wish me luck 🙏🏻 thank you Dr. Brian and Michael 🙏🏻

  • @Kawaii_Imani
    @Kawaii_Imani 9 місяців тому +2

    I would have like to have seen the discussion head towards how MBA’s or business related degrees like data analysis could be applied now (what positions are in demand and will continue to be in demand and not automated) and a prediction of how the job force will change in the next few decades.

  • @shaunmc013
    @shaunmc013 10 місяців тому +4

    In regards to the “checking boxes” aspect of the conversation. I think timeframe was missing from that context. It’s not about checking boxes it’s people are ready to go to work and they don’t want to be in school for additional periods of time. Most jobs in finance and tech places more value on the bachelors and certificates. The bachelors the gold standard because it demonstrates your competence level. The certificate tells them you know something about what they’re doing. MBA’s are acceptable but primarily required if you’re Executive positions. But even then much more emphasis is placed on experience levels and certifications..

  • @user-dz7bv1hz5k
    @user-dz7bv1hz5k 10 місяців тому +1

    Great video. Thank you. ACCA COMES WITH FINANCIAL MANAGEMENT..

  • @paulschell2712
    @paulschell2712 Рік тому +38

    I have a degree in finance. Remember this, trying to major in finance without also studying accounting is the wrong decision. One must understand accounting principles to be able to model using that data.

    • @Han-nk3io
      @Han-nk3io Рік тому +1

      I also take part in a few accounting course in my finance degree.

    • @shivanshshukla5883
      @shivanshshukla5883 10 місяців тому +14

      ​@@gchen7172did you not take any accounting classes? All finance degrees have accounting in first yesr atleast

    • @RexiRexx87
      @RexiRexx87 9 місяців тому +1

      I’m in community college right now, do you think I should concentrate in accounting for my associates then concentrate in finance for the bachelors??

    • @paulschell2712
      @paulschell2712 9 місяців тому

      @@RexiRexx87 yes. I would highly recommend that. Usually employers will want to see a concentration in accounting. And also, choose corporate finance when picking a specific area of practice

    • @johnm145
      @johnm145 9 місяців тому +3

      as a finance major we only have to take financial and managerial accounting (first two accounting classes u can even take) don’t even have to take intermediate 1.

  • @edgaraucapina5205
    @edgaraucapina5205 9 місяців тому +37

    I graduated last year in finance and it’s been very hard to get a full time and high paying job without experience. Planning to get my CFA this year and series 7 hopefully land in a better job position next year.

    • @user-cx1ty3hf3j
      @user-cx1ty3hf3j 9 місяців тому +3

      Would you say the CFA is needed to land a job as a Financial Analyst?

    • @omarmadian4264
      @omarmadian4264 9 місяців тому

      @@user-cx1ty3hf3jit gives you an advantage and increases your chances of landing a job

    • @lilkidethan
      @lilkidethan 9 місяців тому

      @@user-cx1ty3hf3j No

    • @bradybrandt9326
      @bradybrandt9326 9 місяців тому +6

      Yeah I agree, it took me 2 weeks to find a job after graduation. It took a long time!

    • @h.9089
      @h.9089 9 місяців тому +4

      Was it hard because of a lack of internships or opportunities? Or was it also GPA and minors that has to do with it?

  • @Nimbushaze
    @Nimbushaze 6 місяців тому +16

    Got a bachelors in finance over a year ago and haven’t gotten a single job other than financial planning which is very dog eat dog, unstable, and hierarchical… switching career paths is probably the best option now

    • @kibbylol
      @kibbylol 5 місяців тому

      where are you going to then?

    • @Nimbushaze
      @Nimbushaze 5 місяців тому +2

      @@kibbylol going back to school for IT at WGU, major in cloud computing

    • @kibbylol
      @kibbylol 5 місяців тому +1

      @@Nimbushaze good luck mate, hope it goes well for you

    • @Nimbushaze
      @Nimbushaze 5 місяців тому +1

      @@kibbylol thanks man same to you

    • @faresmarzouk3742
      @faresmarzouk3742 5 місяців тому +1

      ​@@kibbylol if you get a bachelor in finance in a really prestigious school is it still hard to find a job? Is it worth it?

  • @lionellinares2618
    @lionellinares2618 Рік тому +14

    Great video man! Considering going to school for finance this helped me get more insight ¡

  • @skhgendenjamts4715
    @skhgendenjamts4715 4 місяці тому

    Mind blowing conversations

  • @francisco-id9zg
    @francisco-id9zg 9 місяців тому

    Great talk provided lots of value

  • @jonathan8096
    @jonathan8096 Рік тому +9

    Great Video. I understand the primary scope of this video was about a Finance degree, but I wanted to ask more about the MBA. Do you think it makes more sense to have a concentration in say something like Finance? Or rather dive into different topics, even when looking to have a career in Finance?
    Thanks

  • @ashleygraham3402
    @ashleygraham3402 Рік тому +1

    Thank you for this! Really great questions and discussion

  • @barkat2404
    @barkat2404 Рік тому +3

    Very good questions! Great video👍🏻
    Greatings from Luxembourg 🇱🇺

  • @CEO_Sis
    @CEO_Sis Рік тому +15

    Great conversation. I loved it ❤ made me feel Inspired to learn finance. I wish Dr. Adam could be my educator!

  • @tube.brasil
    @tube.brasil 9 місяців тому +1

    In a Brazilian perspective, you wil get nothing without a Finance BA. However, moving on, if you are being promoted and getting more responsibilities in your company, getting a MBA is a BIG mistake. It won't be recognized for it and in fact you will waste time.
    The exception is if your company is paying you to do it (very rare), if you come from a different area or if you want to get a job in the US (very risk bet).
    All those "short term" super expensive certifications paid by companies are there for their top executives who didn't get a MBA get something in their resumé in a couple of months.

  • @phoebenanaabenamensah6139
    @phoebenanaabenamensah6139 9 місяців тому

    Thank you so much this !

  • @janmoller8083
    @janmoller8083 Рік тому +6

    The check boxes stuff was deep and nice, cool interview

  • @fraternallove4370
    @fraternallove4370 9 місяців тому +11

    Play at 1.75x speed.

  • @TheSilverBackStacker
    @TheSilverBackStacker Рік тому

    Great video. Thank you

    • @michaelmackelvie
      @michaelmackelvie  Рік тому

      Thank you! Appreciate it...have another convo with another prof coming out in a week or so...

  • @davontawilliams3958
    @davontawilliams3958 Рік тому +3

    I agree the in person class is better compared to the online class unless unit related to my major or I have no interest in it then I will do online 😂.

  • @angejoyb
    @angejoyb Рік тому +1

    Great discussion!

  • @CustomerRelationsManager
    @CustomerRelationsManager 8 днів тому

    An undergrad in Finance, Accounting or Economics would be good and save the Business Administration for the MBA......I took Business Administration as an undergrad and wound up repeating the same type of courses when I started working towards an MBA = I was bored to death and bailed! I took an accounting class in high school and got an A+ on the project that we were assigned to work on throughout the class!
    If I had to do it all over again: I'd do Finance with a minor in Economics and go work for Vanguard and get my CFP on the company dime!

  • @kenlandon6130
    @kenlandon6130 Рік тому +2

    27:09 but that logic also applies to tests. a poor kid may not have as much time to study for sat/act/gmat/gre or whatever else or spend $1000s on a prep course if they have to work a bunch of jobs and can barely afford college tuition. just as much as poverty may hurt their gpa it will hurt their exam scores. though on the whole i still agree that removing standardized testing is a bad idea.

    • @michaelmackelvie
      @michaelmackelvie  Рік тому +2

      Yes…the issue, as noted in your final line…what’s the alternative? Folks are quick to critique complex systems, but provide no legitimate alternative.

    • @kenlandon6130
      @kenlandon6130 Рік тому +2

      @@michaelmackelvie exactly. but my point with the comment was that there are better arguments to justify using standardized tests in admission than "poor kids have a better chance at doing well on them than getting a good gpa"

  • @poemsoflove_
    @poemsoflove_ 4 місяці тому +1

    if you go to a bad school major in accounting or double major
    if you go to a decent school do finance or econ

  • @JoeSmith-jd5zg
    @JoeSmith-jd5zg 6 місяців тому +1

    @23:40 "we don't need this, this is discriminatory." Yes, it discriminates against people who are not college material.

  • @katarakooitse.1412
    @katarakooitse.1412 17 днів тому

    What would ypu recommend as a first degree between International Finance and Banking and Accounting and Finance degree?

  • @Babynate1000
    @Babynate1000 7 місяців тому +2

    I do not have a degree on finace and work for a one of the big three brokerages...it's all about getting your foot in the door and leanring the skills from there

    • @sarahfranco6802
      @sarahfranco6802 5 місяців тому

      How did you exactly do it?

    • @xianxiong3440
      @xianxiong3440 4 місяці тому

      @@sarahfranco6802 He knows someone that work for the big three brokerages, that's it. Going to school is optional now as long as you are learning somewhere.

    • @aena5995
      @aena5995 3 місяці тому

      i started a business data analytics degree but unfortunatey now idk if i should switch to business with a minor in business data analytics or a bs accouting finance with minor in business data analytics (can get exemptions for acca) can i go for data analytics roles with it ? :/ really didnt wanna switch but ugh

    • @Babynate1000
      @Babynate1000 3 місяці тому +1

      @sarahfranco6802 get a job in banking and get different financial certs and just learn while on the job. If you show the aptitude for the role you will get it

  • @Aubatron
    @Aubatron 5 місяців тому +2

    Business accountant, tax accountant, CPA are all valuable contributions to society. If you have a finance degree and are in the investment industry, you're essentially a useless leech. I think people are realizing this and I think there might be a cultural shift in the future. When the biggest hurdle you face is marketing your fund to bring in capital to charge a fee for sub-par results, you shouldn't have a fund at all. People looking to get into finance should stay away from the investment industry in my opinion. The average person knows very little about finances in general, and I doubt an AI will completely replace CPAs because people want to interact with a human, go over things and have things planned and explained to them. I think there will always be a demand for CPAs. Just don't push investment products that have a conflict of interest onto your clients.

  • @abdihafidabdullahi
    @abdihafidabdullahi 2 місяці тому

    I know nothing about finance and accounting and am graduating with both soon...what would you advice me,should i be worried?or i would learn in the job ?i feel it would be very embarrassing for me 😢

  • @KB.Emmanuel
    @KB.Emmanuel 3 місяці тому

    Can I still be a financial advisor/ client rep without a degree?
    however what if you passed your series 7 and 66?

  • @user-kd2bz6zz3b
    @user-kd2bz6zz3b 6 місяців тому +3

    I'm getting my MBA in Finance and Investment Management and graduating in December 2023. I am having a hard time finding a job in this economy. Would love to connect and get some advice on how to get a good job! thanks!

  • @sulavshrestha8316
    @sulavshrestha8316 Рік тому +2

    Great content.
    You seem to have been inspired by lex fridman.

  • @Lesicahyati97
    @Lesicahyati97 9 місяців тому +1

    Succes always project

  • @mattbogoshian4769
    @mattbogoshian4769 9 місяців тому +6

    I think what I am struggling with is the benefit of the MBA vs the cost of obtaining it. I’m currently in no debt and three years out of undergrad, and I’m not sure that taking that on is worth the experience. Even though if money wasn’t an option I would go for it, currently studying for the GRE

    • @Kevin-sr8yx
      @Kevin-sr8yx 9 місяців тому +2

      Master's degree with no experience is a terrible combination. Work until you hit a ceiling, which won't be for a long time, then go for the MBA if your company wants it. Heck, they might even pay for it.

    • @denko44
      @denko44 4 місяці тому

      LSU Online/ Eastern / wgu are all very affordable options.

  • @utopia8177
    @utopia8177 9 місяців тому +1

    That Lex Friedman intro

  • @zachcosby2171
    @zachcosby2171 3 місяці тому

    Ok, but there is bias on the hiring side. For example, for big companies, it's easier to get in if you go to a big name, state school , and know the product they produce vs. a smaller school they dont know about. After that first job, I think it matters a whole lot.

  • @tylerbrown4074
    @tylerbrown4074 26 днів тому

    The way I see an MBA now as I get older is it can make you a jack of all trades and yet master of none.

  • @mlinganimatiwane
    @mlinganimatiwane Рік тому +1

    Yes please Lex Fridman ❤

  • @jonyD143
    @jonyD143 8 місяців тому +10

    The problem with top paying Finance jobs today is that many of them look for people with an engineering and mathematical background. Honestly looking back I wish majored in engineering and mathematics. But I'm taking the approach to learning it on my own.

    • @ThePipojp
      @ThePipojp 5 місяців тому +3

      Only quant roles really. No one cares about STEM background for IB or tradicional Research

    • @nycto16
      @nycto16 5 місяців тому

      STEM is useless lol science kiddos are dumb they don't even know the M of Money.

    • @McFlashh
      @McFlashh 3 місяці тому

      @@nycto16 Elon, Gates, Bezos, Zuckerberg? All studied STEM.

    • @nycto16
      @nycto16 3 місяці тому

      @@McFlashh hahha don't speak sh*t without knowing.
      Elon studied Economics too
      Gates has no STEM degree :)
      Zuckerberg has no degree, and even when he was in Harvard he was majoring in Psychology :)

    • @nycto16
      @nycto16 3 місяці тому

      @@McFlashh how funny is, that you don't know facts and confidently saying "All studied STEM".

  • @thevibe7415
    @thevibe7415 3 місяці тому

    What license do I need to
    roll over a 401(k) into a Roth IRA for other people?

  • @ajm12321
    @ajm12321 9 місяців тому +1

    I graduated with a bachelor’s in Finance and went on to work with a large investment firm and got licensed with FINRA. After 2 years, I quit to work in corporate finance as an analyst. Now, I am pursuing a Master’s in Business Analytics with a focus in Finance. Any chance this path would help me go into Algo trading or Quant?

    • @starburst1020
      @starburst1020 8 місяців тому

      quant firms want people with math/cs/physics degrees, not finance. not saying its impossible, but they recruit undergrads w these degrees primarily

    • @curiousgeorgia11.11
      @curiousgeorgia11.11 8 місяців тому

      @@starburst1020v true...the info he’s looking for is out there and they all say the same thing...might have missed his boat 😢

    • @aena5995
      @aena5995 3 місяці тому

      i started a business data analytics degree but unfortunatey now idk if i should switch to business with a minor in business data analytics or a bs accouting finance with minor in business data analytics (can get exemptions for acca) can i go for data analytics roles with it ? :/ really didnt wanna switch but ugh

    • @aena5995
      @aena5995 3 місяці тому

      @@starburst1020 i started a business data analytics degree but unfortunatey now idk if i should switch to business with a minor in business data analytics or a bs accouting finance with minor in business data analytics (can get exemptions for acca) can i go for data analytics roles with it ? :/ really didnt wanna switch but ugh

  • @krisleverette
    @krisleverette 5 місяців тому +1

    Got a MS in Finance in 2019… Still can’t get a finance job😢

  • @Holy_Reich
    @Holy_Reich 9 місяців тому

    I really do not understand the word inclusive.
    Inclusive is aginst merit ,r8?

  • @JarJarBinke1447
    @JarJarBinke1447 8 місяців тому +3

    Hi Michael! I am 16 years old and barely started my junior year of high school. I want major in finance, and I really want to learn more about it before making my decision final. I want to move states from Arizona to somewhere brand new that I’ve never been. Where should I start?

    • @auburnboi09
      @auburnboi09 8 місяців тому

      Honestly, your first two years in college will tell you most of what you want to know because you're taking mostly prerequisites and have a lot of time for growth. You're not really locked into anything until your junior year. If you like finance then just go for it. As far as different states, that will really depend on your internships. Apply to every internship you can, out of and in state, and worry more about the opportunities they can give, than their location.

    • @aena5995
      @aena5995 3 місяці тому

      @@auburnboi09 i started a business data analytics degree but unfortunatey now idk if i should switch to business with a minor in business data analytics or a bs accouting finance with minor in business data analytics (can get exemptions for acca) can i go for data analytics roles with it ? :/ really didnt wanna switch but ugh

  • @kokwahtan8577
    @kokwahtan8577 11 місяців тому +2

    ACCA COMES WITH FINANCIAL MANAGEMENT.

  • @jokerfam3331
    @jokerfam3331 5 місяців тому

    So im currently a construction worker looking to go into school for a double major in economics and finance, is this a bad idea since i won’t be able to do any internships since i will still be working full time in the demo world

    • @yashrng8066
      @yashrng8066 3 місяці тому

      Hey mate, try exploring the CFA.

  • @mattmatt7998
    @mattmatt7998 11 місяців тому +3

    I'm a junior getting my finance degree. Almost done ✔️ 🙌 😊

    • @michaelmackelvie
      @michaelmackelvie  11 місяців тому +2

      Love that! Keep rollin...

    • @michaelmackelvie
      @michaelmackelvie  11 місяців тому +1

      Loads of opportunity on the other side...

    • @TunXAM-hw1nk
      @TunXAM-hw1nk 10 місяців тому

      @@michaelmackelvie he is dead, probably cause starved to die can't even find a job in finance

  • @iriya3227
    @iriya3227 9 місяців тому +6

    I did finance, Much rather have done tech. Finance is useless for starters.

    • @humanbeing8948
      @humanbeing8948 9 місяців тому +3

      Im going to apply at some trading firms before i graduate with my degree in finance. I think that's where the money is. They also use python heavily as well. Currently i'm in school for computer programming.

    • @ThePipojp
      @ThePipojp 5 місяців тому

      No It's not if you want to get into high finance

    • @Frederick0220
      @Frederick0220 2 місяці тому

      How about FinTech? ;)

  • @janreichenbach265
    @janreichenbach265 6 місяців тому +3

    Finance = Common sense + high school math. If you understand the concept of time value of money, why there are little no risk-free excess returns available in capital markets (rarely is risk mispriced) and what a call or put option is, and can read a balance sheet, that's it.
    My feeling is some try to make things complicatd that are quite easy.

  • @juicylyricstv1640
    @juicylyricstv1640 9 місяців тому

    what about Accounting?

  • @IL_Bgentyl
    @IL_Bgentyl 9 місяців тому +2

    Huge survivorship bias here.
    College isn’t necessarily bad but the ROI has drastically reduced. Pick a good degree and network. That being said you can make comparable money never going and earn 4-6-8 years sooner

    • @aena5995
      @aena5995 3 місяці тому

      i started a business data analytics degree but unfortunatey now idk if i should switch to business with a minor in business data analytics or a bs accouting finance with minor in business data analytics (can get exemptions for acca) can i go for data analytics roles with it ? :/ really didnt wanna switch but ugh

  • @ebeneben5472
    @ebeneben5472 18 днів тому +2

    Man quit the meat ride. Know how you want to use the finance degree and why. If you are not into financial securities in any role man figure it out quick. My finance degree brought me nothing. I work entering invoices and data entry as a staff accountant. The title cool ig but I work with people who did not go to college or do not have a finance or business degree. Personally students who want to go for a finance degree should seriously talk to others outside of finance. You can learn finance outside of finance. Sorry if I sound negative but there is a disservice about business degree as a whole. I feel like finance has a flashy stigma and boy I got caught up looking at that and not looking at cons. Good interview tho.

  • @tolgahdur
    @tolgahdur 8 місяців тому

    I have a computer science and finance degree. Haven’t gotten any value of my finance degree yet as I work as a software engineer but maybe in the future?

    • @curiousgeorgia11.11
      @curiousgeorgia11.11 8 місяців тому

      Don’t let the knowledge go to waste

    • @tolgahdur
      @tolgahdur 8 місяців тому

      @@curiousgeorgia11.11how can i combine both degrees tho

    • @hungrygamer7717
      @hungrygamer7717 8 місяців тому

      @@tolgahdur Fintech

    • @judgementcl
      @judgementcl 4 місяці тому

      ​@tolgahdur fintech is an emerging market, and with that skillset, im sure you could find something in that realm.

    • @aena5995
      @aena5995 3 місяці тому

      @@judgementcl i started a business data analytics degree but unfortunatey now idk if i should switch to business with a minor in business data analytics or a bs accouting finance with minor in business data analytics (can get exemptions for acca) can i go for data analytics roles with it ? :/ really didnt wanna switch but ugh

  • @wilmerfrancois4743
    @wilmerfrancois4743 7 днів тому

    What in the Lex Fridman was that intro😂?

  • @smallbeans101
    @smallbeans101 9 місяців тому +2

    A lot of the smartest people in finance say a finance degree is a waste of money

  • @kevinschreder6372
    @kevinschreder6372 6 місяців тому

    I wish someone would do some similar for engineering. No one ever mentioned the different outcomes of engineering. Ie: sales, marketing, product management.

    • @nycto16
      @nycto16 5 місяців тому +2

      lol they are not engineering outcomes... sales, marketing, product management are for business grads.

    • @McFlashh
      @McFlashh 3 місяці тому

      @@nycto16 Engineering is a versatile degree as it gives good problem solving and mathematical ability. That's why many CEOs studied engineering.

    • @nycto16
      @nycto16 3 місяці тому

      @@McFlashh Lol 65% CEOs studied business, and basically no one can become a CEO without studying business. Versatile? Business is the most versatile degree which gives real world problem solving skills and knowledge of how the whole world works.

    • @McFlashh
      @McFlashh 3 місяці тому

      @@nycto16 First off, I believe anything can be learned without university however it's much harder to learn engineering without university compared to business. There's plenty of business books out there, you don't need to go university to study business.

    • @nycto16
      @nycto16 3 місяці тому

      @@McFlashh haha this shows how illiterate you are... studying business is extremely hard and university is necessary.. but yeah you don't need to go to university for engineering. Mechanics, electricians in-short trade school is better.

  • @litovillar6027
    @litovillar6027 9 місяців тому +1

    It's problematic when "educators" try to incorporate their biases. I would be skeptical of their intention to "educate" or just simply want to indoctrinate people. True education tell about facts. And facts do not discriminate

  • @laughoutmeow
    @laughoutmeow 9 місяців тому

    I have a math degree is that generally better than finance degree for the same sort of jobs?

    • @curiousgeorgia11.11
      @curiousgeorgia11.11 8 місяців тому

      Not really

    • @MaximizeMichael
      @MaximizeMichael 4 місяці тому

      Math is abstract, engineering is applied math, however if you have a bachelor in math it’s still very good to teach you math thinking. More importantly you are in a good position to do a graduate degree in computer science or related

  • @jameshopham8539
    @jameshopham8539 6 днів тому

    Finance is not rigorous enough for the quant jobs requiring math/stats knowledge

  • @bunbohue369
    @bunbohue369 2 місяці тому

    It's a degree for sale jobs. You want finance jobs study accounting.

  • @viditbatta2434
    @viditbatta2434 9 місяців тому +2

    Does anyone else feel any influence from the Lex Fridman podcast? Between the way he talks in the intro, the "Advice for Young People" at the end, idk

  • @dollarbar1
    @dollarbar1 4 місяці тому

    I think it depends where your college is. The only finance jobs around my area were insurance salesmen, advisors, and some positions in analysis. I think you need to be in a financial district otherwise people will offer you jobs that don't require barely any brains.

  • @briantep458
    @briantep458 9 місяців тому +1

    i just learned how to code and have a six figure job, that is all

  • @akray1153
    @akray1153 5 місяців тому

    So I guess pursuing CPA is valuable afterall

  • @diegoamores9295
    @diegoamores9295 9 місяців тому +1

    great podcast. Nevertheless, please dont copy lex at the beginning

  • @venus545
    @venus545 9 місяців тому +1

    Guys please advise me on which qualification is better and valid internationally. CPA /CMA/CIA/FRM/CFA

    • @Noob_Master81
      @Noob_Master81 9 місяців тому

      CFA is widely recognized as far as I know.

    • @curiousgeorgia11.11
      @curiousgeorgia11.11 8 місяців тому

      @@Noob_Master81CFA IS HARD AS HELL BUT COVERS WHAT THE REST DO

  • @nopenope1769
    @nopenope1769 10 днів тому

    Off shoring to India* is replacing American analysts

  • @houstonian17
    @houstonian17 Рік тому +1

    I strongly disagree on the standard testing discussion.

    • @katydid5088
      @katydid5088 11 місяців тому

      Why and how?

    • @willwill4769
      @willwill4769 9 місяців тому +1

      @@katydid5088standardized tests are not culturally biased. Non-language based tests (pattern based or numerical) have the exact same disparities.

    • @Frederick0220
      @Frederick0220 2 місяці тому

      Bingo @@willwill4769

  • @princesavage2234
    @princesavage2234 Рік тому +5

    check boxes everyone is just looking for a high paying job.

  • @philipmuleya1021
    @philipmuleya1021 8 місяців тому

    am asking for an email for that man

  • @SuperSlavonski
    @SuperSlavonski 9 місяців тому

    It's not worth it. Better to be a plumber, electrician or tiler.

  • @sergioyepez9650
    @sergioyepez9650 8 місяців тому

    Or just get an accounting and Finance degree

  • @edgarsalakhutdinov7715
    @edgarsalakhutdinov7715 8 місяців тому

    What is this Lex Friedman style intro lol

  • @danhall5761
    @danhall5761 9 місяців тому +1

    I had 0 higher education but make 150k+ in my finance job

  • @Kbebita
    @Kbebita 9 місяців тому

    I always think it strange that this push to get woman into certain industries. Or the other way around. There is sufficient research out there underlying that the psychological difference in gender have affect on interest. There are increasingly more woman targeted business events etc there obviously shouldn’t be bias toward hiring either gender, and making accommodations not to push woman away from a field makes sense, but to actively push them toward a field which someone wouldn’t have chosen otherwise seems strange. Why not just do what you’re inherently interested in. Speaking from a man’s perspective there are many historically woman dominated field that never interested me. What am I missing?

    • @humanbeing8948
      @humanbeing8948 9 місяців тому

      Women consistently deal with impostor syndrome and confidence in any field that’s predominantly led by men. It’s very consistent in the tech industry. Also, women think that they need to have at least 80% of the qualifications in order to apply for any job, while men will apply with about 30 percent of the qualifications and get hired. Men have been failing up for centuries.

  • @BIGJBIGEBIGC
    @BIGJBIGEBIGC 8 місяців тому

    A finance degree is practically useless these days unless you’re dead set on going to a top school. Otherwise get an engineering degree or computer science degree. All these people bragging about a series 7 sponsorship are kidding themselves. Because even high school grads can get this year 1/2 into their career.

    • @aena5995
      @aena5995 3 місяці тому

      i started a business data analytics degree but unfortunatey now idk if i should switch to business with a minor in business data analytics or a bs accouting finance with minor in business data analytics (can get exemptions for acca) can i go for data analytics roles with it ? :/ really didnt wanna switch but ugh

  • @irenee800
    @irenee800 9 місяців тому +1

    You don't need to spend $100k, to engage with people on business strategy.. in any large corporation, there is a bevy of MBAs who are more than willing to engage with you about business strategy gratis ! Free!! The argument made by the guest is not compelling, nay, I find it rather fatuous.

  • @masonwilliams1810
    @masonwilliams1810 9 місяців тому +1

    You interview as if you just like to hear yourself speak. It’s not a lot of listening but instead telling the DOCTOR that you already know what he’s saying